Business news from Ukraine

Business news from Ukraine

UKRAUTOPROM SEES 5% FALL IN VEHICLE PRODUCTION

In January 2020 Ukrainian automobile manufacturers tentatively produced 849 vehicles, which is 5% less year-over-year, the Ukrautoprom association has reported.
The association recalled that Ukraine’s production facilities allow producing more than 30,000 vehicles.
Car assembly in January decreased by 5% to 787 units. As before, all statistics in this segment is formed by the SKD assembly of Skoda cars at the Eurocar plant.
Bus production decreased by 10% to 54 units, and Cherkasy Bus, which produced 30 vehicles (25% less than in January 2018), remains the leader in this segment. Chasiv Yar bus plant (Donetsk region) produced 13 buses, against three in January 2019, Chernihiv Automobile Plant of the Etalon Corporation made ten units against 14 last year and one bus was produced at Zaporizhia Automobile Plant (ZAZ) (four units a year ago).
Last month, only Cherkasy Bus reported on the production of commercial vehicles – eight units (twice as much as in January 2019). AvtoKrAZ still does not provide production data.
According to the statistics of the association, compared to December 2019, the production of vehicles in January 2020 increased by 52%, but only due to an increase in assembly at Eurocar by 82.2%, while the production of buses almost halved and that of commercial vehicles decreased by 54.6%.
As reported, Ukrainian automobile manufacturers in 2019 produced 7,265 vehicles (including 6,254 cars at Eurocar), which is 10% more than in 2018. However, capacity utilization did not exceed 2%.

STATE-RUN PRIVATBANK HEADS LIST OF MOST PROFITABLE UKRAINIAN BANKS WITH UAH 32 BLN NET PROFIT

State-controlled PrivatBank headed the rating of the most profitable Ukrainian banks in 2019, declaring UAH 32.609 billion in net profit, while Pravex-Bank recorded the largest loss last year at UAH 121.502 million.
According to the National Bank of Ukraine (NBU), Raiffeisen Bank Aval (UAH 4.749 billion) ranked second in the list of the most profitable banks, and FUIB (UAH 2.623 billion) was third, rising two positions in the fourth quarter. UkrSibbank (UAH 2.580 billion) ranked fourth, while OTP Bank (UAH 2.537 billion) ranked fifth, rising two lines.
At the same time, state-controlled Ukreximbank fell from the fourth position it held in the nine months of 2019, to the 11th one, declaring UAH 1.002 billion of net profit, and Ukrgasbank climbed six positions, to the 10th one, posting UAH 1.299 billion.
According to the central bank, Sky Bank ranked second in terms of losses, its net loss amounted to UAH 27.543 million, Alpari Bank ranked third (UAH 18.435 million), Cominvestbank (UAH 17.982 million) ranked fourth, while Ukrainian Bank for Reconstruction and Development ranked fifth (UAH 4.409 million). At the same time, Bank Credit Dnipro, which according to the results of its activities for the first nine months of 2019 was third in terms of loss, declared UAH 309.903 million in net profit and ranked 18th.

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MAIN TRADE PARTNERS OF UKRAINE IN % FROM TOTAL VOLUME (EXPORT FROM UKRAINE TO OTHER COUNTRIES) IN JAN-NOV 2019

Main trade partners of Ukraine in % from total volume (export from Ukraine to other countries) in Jan-Nov 2019

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THE FESTIVE «FIRES OF LOVE» FIRE SHOW WILL TAKE PLACE NEAR KYIV

Impressions is the best present for st. Valentine`s Day. For example, a journey to the Principality of Kyivan Rus, walks on a horseback in the costumes of a prince and a princess, romantic dinner in the medieval tavern and a romantic night in the comfortable apartments for two.
Valentine`s Day, February, 14 can be spent in comfortable apartments in the country house near the «Kyivan Rus Park».
On February, 15 and 16 you can continue the romantic weekend in Ancient Kyiv in the «Kyivan Rus Park», where the real romance of the Middle Ages and the ancient Slavic amusements will be waiting for the guests.
On February, 15 and 16 on the amphitheatre of the «Kyivan Rus Park» a romantic entertaining program dedicated to the st. Valentine`s Day will take place. The spectacular «Fires of love» horse-trick show with special effects will be the festive present for the guests.
The visitors will not only observe what is happening on stage but will get a chance to become the active participants of the fairytale extravaganza and take part in merry games and contests, ancient Slavic amusements, dance flash mobs and fiery round dances.
The best completion of the holiday is a romantic dinner in the entourage Princely tavern where it is possible not only to warm up but also to taste drinks and dishes prepared on open fire according to both medieval and modern recipes.
A special offer for the guests of Ancient Kyiv: if booking the apartments on February, 14 or 15 – you get a free entrance to the «Kyivan Rus Park» on February, 15 or 16 for two persons.
Ancient Kyiv opens at 10:00. The program starts at 13:30.
The ticket price: a full adult ticket – 190 UAH, for pensioners and students – 150 UAH, for schoolchildren – 80 UAH, for preschool children – for free.
Ancient Kyiv in the «Kyivan Rus Park» is located in the vill. Kopachiv, Obukhiv district, Kyiv region. You can get by your own car or by public transport from the «Vydubychi» metro station.
Details on the website www.parkkyivrus.com

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 13/02/20

National bank of Ukraine’s official rates as of 13/02/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF FEBRUARY 13

Official rates of banking metals from national bank as of February 13

One troy ounce=31.10 grams

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