Business news from Ukraine

Business news from Ukraine

BARCELONA BEATS DINAMO KIEV IN CHAMPIONS LEAGUE

Dinamo Kiev lost 0-1 to Barcelona (Spain) in the third match of the 2021-2022 Champions League group stage, dropping to last place in Group E with one point.
The only goal in the 36th minute was scored by Gerard Piqué, completing Jordi Alba’s pass from the goalkeeper’s line. Thus, the Catalans bypassed the Kyivans, rising to third place with three points.
In another match, the leaders play: Benfica in Lisbon hosts Bayern München.
In the fourth round on November 2, Dinamo will play with Barcelona in Kyiv, ​​and Benfica will go to Germany.

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4 UKRAINIAN BANKS VIOLATE REQUIREMENTS IN OCT

The single counterparty exposure limit (H7, shall be no more than 25%) as of October 1, was violated by Prominvestbank (88.3%) and Industrialbank (44.08%), according to the website of the National Bank of Ukraine (NBU).
The limit on bank total long open FX position (L13-1, shall be no more than 10%) was violated by Oschadbank (135.7%), Prominvestbank (106.93%), PrivatBank (80.25%) and Industrialbank (19.56%).
The limit on bank total short open FX position (L13-2, shall be no more than 10%) was violated by Prominvestbank (131.27%).
As reported, the prudential requirement on Net Stable Funding Ratio (NSFR) was set at 90% by the NBU for banks starting October 1 (earlier it was 80%). In accordance with the schedule, the NBU will increase the NSFR requirement for banks to 100% from April 1, 2022.
According to the data of the National Bank, all operating banks as of October 1 exceed the level of the NSFR standard of 90%.
The NSFR regulation is intended to encourage banks to rely on more stable and long-term funding sources and reduce their dependence on short-term financing.

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AVERAGE MONTHLY WAGE BY REGION IN AUGUST 2021, UAH

AVERAGE MONTHLY WAGE BY REGION IN AUGUST 2021, UAH

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UKRAINE RECORDS 10% INFLATION IN AUG

The growth of consumer prices in Ukraine in annual terms in August 2021 remained at the level of 10.2%, the State Statistics Service reported.
According to its data, after inflation of 0.1% in July, deflation of 0.2% was recorded in August this year, which corresponds to the dynamics of prices in August last year.
Underlying inflation in August was zero after deflation of 0.1% a month earlier. In August last year, an underlying inflation of 0.1% was recorded, respectively, in annual terms, it decreased to 7.2%.
In the consumer market in August, prices for food and non-alcoholic beverages decreased by 0.7%. Vegetables and fruits fell in price the most – by 18.3% and 5%, respectively. Prices for sunflower oil, pasta, rice and cheese fell by 1.0-0.2%. At the same time, prices for eggs increased by 18%, prices for sugar, meat and meat products, milk, sour cream, bread, butter, fermented milk products, fish and fish products rose by 3.6-0.3%.
Prices for alcoholic beverages and tobacco products increased by 0.4%, which is associated with a rise in prices for tobacco products by 1.0%.
Prices for clothes and footwear fell by 3%, in particular for footwear – by 3.7%, clothing – by 2.5%.
The rise in tariffs for housing, water, electricity, gas and other fuels by 0.6% was mainly due to an increase in prices for maintenance and repair of housing by 2.3%, natural gas – by 2.1%, sewage – by 0.9%, water supply – by 0.7%.
Transport prices increased by 0.8%, primarily due to the rise in the cost of transport services by 1.9%, fuel and oils – by 1.6%.
As reported, in June consumer prices in Ukraine increased by 0.2%, in May – by 1.3%.
In general, for the first eight months of this year, inflation in Ukraine amounted to 6.2%, underlying inflation – 4.2%.
The National Bank of Ukraine in July downgraded the inflation forecast for 2021 from 8% (in the April forecast) to 9.6%. According to it, by the end of the third quarter, inflation will peak this year at 11.2%, after which it will begin to decline.

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UKRNAFTA CUTS PRODUCTION OF OIL IN JAN-SEPT

PJSC Ukrnafta in January-September 2021 reduced oil and condensate production by 1.1% (by 12,200 tonnes) compared to the same period in 2020, to 1.122 million tonnes, including in September production grew by 2.1% compared to September 2020, to 125,500 tonnes.
As the company told Interfax-Ukraine, gas production in the first nine months of 2021 fell by 3.4% (by 29 million cubic meters), to 832.8 million cubic meters, including in September it rose by 4.9%, to 94.6 million cubic meters.
Ukrnafta said that the average daily production has been growing since the beginning of the year, in particular, in September 2021 this figure for oil with condensate amounted to 4,180 tonnes, which is 4.8% more than in January 2021, for gas it was 3.15 million cubic meters, which is 7.3% more than in January 2021.
Ukrnafta is the largest oil company in the country. NJSC Naftogaz Ukrainy owns 50% + 1 share in Ukrnafta, a group of companies associated with the former shareholders of PrivatBank – about 42% of shares.
Ukrnafta has 85 licenses for the production of hydrocarbons, it has 1,809 oil and 153 gas wells on its balance sheet. The company owns 537 filling stations.

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INTERNATIONAL EXHIBITION FOR WINE, SPIRITS AND BEER WINE&SPIRITS UKRAINE

November 2-4, 2021

IEC, 15, Brovarsky ave, Kiev.

WINE&SPIRITS Ukraine – The Fourth International Exhibition – a meeting place for wine, spirits and beer producers from all over the world with importers, sommeliers, distributors, representatives of retail and restaurant business from Ukraine and abroad.

Among the participants of the exhibition are well-known Ukrainian producers of wines and spirits in Ukraine and abroad – Chateau Chizay, 46 Parallel, Beykush, Prince Trubetskoy, Inkerman, Prestige Group, Odesos, Koblevo, Cotnar and small winemakers and producers of craft spirits.

Also, manufacturers from Armenia, Argentina, Bulgaria, Great Britain, Georgia, Denmark, Spain, Italy, Lithuania, Moldova, Portugal, USA and France, already represented on the Ukrainian market or only planning to enter it, will present their products.

https://wineandspirits.com.ua/catalogue2021/

BeerEx Ukraine – the exposition of beer and low-alcohol drinks will be presented for the third time in the framework of Wine&Spirits Ukraine and will bring together not only Ukrainian craft and industrial producers, but also breweries from the Czech Republic, Spain, Belgium and other countries.

In addition to alcoholic beverages, the exhibition will feature technologies for winemaking and brewing, and packaging.

For Ukrainian manufacturers, the exhibition is not only an opportunity to expand the representation of their brands in all regions of Ukraine, but also an export platform, since among the visitors there are buyers from other countries – USA, Japan, Canada, Portugal, Kenya, Lithuania, Slovakia, Denmark, Germany, the United Arab Emirates, Turkey, The Netherlands, India, Great Britain, Kazakhstan, etc.

The rich business program of the exhibition will attract the attention of the leading market players.

So on November 2, the Tre Bicchieri World Tour will take place – for the first time in Ukraine, the main Italian media holding Gambero Rosso will present the best wines of Italy, the winners of Tre Bicchieri – Three glasses of the VINI d’Italia wine guide – the highest award for Italian producers!

To select the best of the best, experts taste more than 44,000 wines throughout the year, and only 1% of them will receive the honorary Tre Bicchieri – 476 in 2021. And this wines will be presented by Italian winemakers in Kiev – the first city that will meet the winners right after the grandiose awards ceremony in Rome!

Wine&Spirits Congress with the support and participation of the Association Ukrsadvinprom will raise the topic of promotion to export markets, as well as separate panels will be devoted to retail and HoReCa – within the Wine&Spirits Retail and Resto Forum, senior executives and off-trade experts, restaurateurs and sommeliers will share their experience in the development of modern trade in wine and spirits, the rules of “entering the chain”, and will also be awarded for the best representation in the store and the best list of wines and spirits.

Within the framework of the exhibition, the Fourth International Tasting Competition Ukraine Wine&Spirits Awards will be held with the support and participation Association of Sommelier of Ukraine and the International Sommelier Association. The competition will bring together 50 best professionals of the wine industry of Ukraine and Europe, who will blindly taste the products in order to choose the most worthy wines and spirits presented on the Ukrainian market. Companies will be able to place all medals received at the competition on the label of their product in the future.

Also, the guests will receive training seminars on previously little-known wine regions – Switzerland, Bulgaria and Armenia.

A series of master classes with the best wines of Italy from Marco Sabelico – editor-in-chief of Gambero Rosso, as well as presentations from Italian, Georgian, Moldovan, French and other producers who will not only present their wines, but also talk about the peculiarities of terroir and wine production in their region.

Visitors of the exhibition are sommeliers, importers, distributors, buyers of HoReCa, retail and e-commerce will be able to familiarize themselves with a wide range of wines, alcoholic beverages and beer, get an idea of ​​new product lines in the alcoholic sector to expand their range and choose the most favorable purchasing conditions.

Wine&Spirits Ukraine and BeerEx Ukraine exhibitions will be held simultaneously with the largest international food and beverage exhibition in Ukraine WorldFood Ukraine.

Registration of visitors https://wineandspirits.com.ua/visit/

www.wineandspirits.com.ua

www.beerex.org

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