Business news from Ukraine

Business news from Ukraine

UKRAINIAN BANKS’ CASH EXCHANGE RATES ON 19/03/20

Ukrainian banks’ cash exchange rates on 19/03/20

Source: Interfax-Ukraine

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 20/03/20

National bank of Ukraine’s official rates as of 20/03/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF MARCH 20

Official rates of banking metals from national bank as of March 20

One troy ounce=31.10 grams

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UKRAINE FROM MARCH 1 THROUGH MARCH 17 INCREASES IMPORTS OF FOOD BY 25%

Ukraine from March 1 through March 17, 2020 increased imports of food by 40,000 tonnes year-over-year, to 158,000 tonnes with the cost being $211 million, the State Customs Service said on Thursday. “Some 40,000 tonnes of food products more were brought to Ukraine during 17 days of March compared with the same period in 2019. In general, food imports amounted to 158,000 tonnes worth $211 million. This is almost 8,000 completely filled trucks carrying 20 tonnes,” the customs authority wrote on its page in the Facebook social network.
According to the authority, the supply of cheese, eggs, honey tripled and amounted to 3,177 tonnes worth $13.6 million, imports of finished products from grain, flour, flour confectionery products rose by 86%, to 6,166 tons worth $12.3 million.
Deliveries of vegetables, some edible roots and potatoes increased 138%, to 38,900 tonnes worth $20.4 million.
The milk and milk group of goods showed growth by 163%, to 921 tonnes worth $1.2 million, fish imports – by 73%, to 2,493 tonnes worth $14 million.
Deliveries of coffee, tea, mate and spices increased by some 33%, to 1,293 tonnes worth $4.3 million, extracts, essences and coffee concentrates, syrups, sauces, soups, etc. grew by 23%, to 3,854 tonnes worth $25.1 million.
Import of fruits and nuts also increased slightly, by 3%, to 45,837 tonnes worth $33.9 million.

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BUSINESSMAN RINAT AKHMETOV SENDS UAH 300 MLN TO FIGHT CORONAVIRUS

Businessman Rinat Akhmetov will send UAH 300 million to fight the COVID-19 coronavirus, combining all the resources of the charity foundation, DTEK and Metinvest, FC Shakhtar and all the assets of his financial and industrial holding SCM to help Ukraine, according to the foundation.
“Coronavirus is a disaster that the modern world has encountered on such a scale, probably for the first time. I’m absolutely sure that in this situation everyone should think how exactly he can help Ukraine and Ukrainians,” Akhmetov said.
Under the decision of the founder, the Rinat Akhmetov Foundation will purchase another 300,000 rapid tests for coronavirus for the whole of Ukraine, which will be transferred to the Stabilization Fund, initiated by President of Ukraine Volodymyr Zelensky, in the shortest possible time. In addition, at least 200 respiratory medical devices and other equipment will be purchased.
“In cooperation with the Ministry of Health, we will do everything possible to prevent an epidemic of coronavirus in the cities of our presence and throughout the country. Only by combining our efforts in the face of danger we can make Ukraine cope with all the challenges that it faces,” the businessman said.
The foundation recalled that earlier, according to Akhmetov’s decision, equipment for the effective treatment of coronavirus complications had already been purchased and handed over to the Ministry of Health: high-quality Servo-I Universal and Servo Air respiratory medical devices of Swedish manufacture and other equipment.

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DNIPROSPETSSTAL INCREASES OUTPUT BY 4.4%

Dniprospetsstal Electrometallurgical Plant (Zaporizhia) increased finished steel production by 4.4% in January-February 2020, compared to the same period in 2019, to 23,160 tonnes, steel production increased by 4.6%, to 32,788 tonnes. According to the company’s press release, some 18,639 tonnes of steel were smelted in February, which is 31.7% higher than in January. Finished steel production amounted to 12,352 tonnes in February, which is 14.3% more than in January.
The total cost of commodity products produced in February 2020 amounted to UAH 509.833 million in current prices, for the two months of 2020 it amounted to over UAH 1.032 billion (commodity production amounted to over UAH 1.355 billion in January-February 2019, and it amounted to UAH 594.671 million in February 2019).
“In February, the plan for steel delivery at steel melt workshop No.5, powder metal workshop and drop hammer workshop was exceeded. In comparison with the planned tasks, the shipments to forge and press workshop and the hot pressing department of powder metal workshop were increased,” the press release says.