Business news from Ukraine

Business news from Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF FEBRUARY 24

Official rates of banking metals from national bank as of February 24

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 24/02/20

National bank of Ukraine’s official rates as of 24/02/20

Source: National Bank of Ukraine

UKRAINIAN WOMEN’S BIATHLON TEAM TAKES BRONZE IN RELAY AT WORLD CHAMPIONSHIP

Ukrainian women’s biathlon team consisting of Anastasia Merkushyna, Yulia Dzhyma, Vita Semerenko and Olena Pidhrushna has won the bronze medal in the relay race (4×6 km) at the World Championship in Italian Antholz-Anterselva. Ukrainians’ good shooting and the rivals’ mistakes allowed Pidhrushna in the fourth stage to leave the shooting range to the last lap of the second, noticeably behind the Norwegians following the third relay gold in this Championship and slightly ahead of rivals from several other teams.
A representative of the German national team beat Pidhrushna before the finish. At the same time, the Ukrainian woman did not let the next athletes from the Czech Republic and Sweden go.
This is the first medal of Ukrainian athletes in this championship.
The Norwegian team won gold, and Germany took the second place.
The relay race among men will also take place on Saturday, and the World Championship is to end on Sunday with mass starts.

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UKRAINE’S RETAIL TRADE TURNOVER IN JAN INCREASES BY 12%

Ukraine’s retail trade turnover in January 2020 in comparable prices increased by 12.1% compared with January 2019, the State Statistics Service has reported. According to its data, in January 2020 retail trade turnover decreased by 21.9% compared to December 2019.
Retail goods turnover in January 2020 was UAH 90.833 billion.
The largest growth in the retail trade turnover of enterprises (legal entities and individual entrepreneurs) in January 2020 compared with January 2019 was recorded in Zaporizhia (by 17.7%), Ternopil (by 17.4%), Kirovohrad (by 16%), Khmelnytsky and Kyiv (by 15.4%), Chernivtsi (by 14.9%), Lviv (by 14.8%), Dnipropetrovsk (by 14.3%), Poltava (by 14.1%), and Kherson (by 14%) regions.
Last month, the leaders in absolute terms of retail turnover were: Kyiv city (UAH 17.584 billion), Dnipropetrovsk (UAH 8.565 billion), Kharkiv (UAH 7.012 billion), Odesa (UAH 6.697 billion), Kyiv (UAH 6.598 billion) and Lviv (5.639 billion UAH) regions.
According to statistics, in January 2020 compared with January 2019, retail trade turnover in Donetsk region increased 10.3% (to UAH 2.85 billion), in Luhansk region it grew by 5.8% (to UAH 0.816 billion).
The State Statistics Service said that the turnover of retail enterprises (legal entities) in January 2020 compared to January 2019 increased 10.8% and compared to December 2019 decreased 22.9%, amounting to UAH 65.047 billion.
The wholesale trade turnover of enterprises last month compared to the same month of 2019 fell by 2%, to UAH 141.67 billion.The service said that the data are given without taking into account the temporarily occupied territory of the Autonomous Republic of Crimea, Sevastopol and the Joint Forces Operation area.

DONETSK SHAKHTAR BEATS BENFICA

Shakhtar Donetsk FC has defeated the Portuguese Benfica with a score 2:1 at home in the first match of the 1/16 finals of the UEFA Europa League.
In the first half of the match in Kharkiv, the teams did not score goals. At the 56th minute, the score in this meeting was opened by the Shakhtar’s Brazilian midfielder Alan Patrick. Ten minutes later, the guests gave away a penalty, which was implemented by Pizzi. And at the 72nd minute, Viktor Kovalenko scored the second goal, which eventually brought Shakhtar a victory.
The second match will be played in Lisbon on February 27.

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UKRAINIAN CHAMBER OF COMMERCE AND INDUSTRY PROPOSES ICAC AS MAIN PLATFORM FOR SETTLING INVESTMENT DISPUTES

The International Commercial Arbitration Court (ICAC) at the Chamber of Commerce and Industry (CCI) of Ukraine could play a role of the main platform for hearing investment disputes, President of the Chamber of Commerce and Industry Hennadiy Chyzhykov said at the LevelUp Ukraine Forum 2020 in Kyiv on Friday.
“Today, the decisions of the Ukrainian arbitration court are recognized and implemented in 110 countries. We have informed the government that over 25 years of work, the arbitration court has become one of the most respected in Europe,” he said.
Chyzhykov said that over the past five years, ICAC at the CCI of Ukraine has examined about 3,000 cases, which roughly corresponds to the number of cases considered by the London Arbitration for the same time.
The ICAC at the CCI is headed by Mykola Selivon, Head of the Constitutional Court of Ukraine in 2002-2005. According to the court, decisions in 65% of cases are taken within three months. More than 120 arbitrators from 35 countries are involved in cases, 60% of lawyers are specialists from other countries.
As reported, earlier this year at the World Economic Forum, President of Ukraine Volodymyr Zelensky said that an international arbitration court for investors would be created in Ukraine.