Business news from Ukraine

Business news from Ukraine

KYIV’S BUSINESS COURT UNLOCKS PREPARATIONS FOR PRIVATIZATION OF CENTRENERGO

Kyiv’s business court has annulled a ban the State Property Fund of Ukraine (SPF) from preparing for the privatization of PJSC Centrenergo, passing a ruling under a petition of the SPF on February 6, 2020.
The fund said on its website that at the end of January, the fund started the procedure of selecting investment advisors for the privatization of Centrenergo and is attracting an audit company with an impeccable reputation to conduct audit of the enterprise for 2019.
“In February, procedures to prepare a number of other large facilities for the privatization will be launched,” the SPF said.
As reported, Vitaliy Kropachev’s Ukrdoninvest LLC (Kyiv) repeatedly secured a lawsuit against the State Property Fund in the case of the privatization of PJSC Centrenergo by banning the fund from taking any actions to implement it.
Prosecutor’s office in Kyiv opened criminal proceedings on making the deliberately illegal decision to ban the privatization of PJSC Centrenergo by a judge of the business court of Kyiv.

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UKRAINE CUTS IMPORTS OF COPPER BY 16%

Ukrainian enterprises increased imports of copper and copper products in terms of money by 16.2% in January 2020 compared with similar period of 2019, to $6.888 million.
Exports of copper and copper products decreased 37.6% over the year to $3.919 million, according to customs statistics released by the State Fiscal Service of Ukraine.
In December, copper and copper products were imported to the tune of $9.995 million, and copper exports were estimated at $6.831 million.
In addition, in January 2020, Ukraine decreased imports of nickel and products made of it by 13.7%, to $7.974 million (imports in December were estimated at $5.429 million), while imports of aluminum and products made of it increased 17.2%, to $27.399 million ($32.729 million). Imports of lead and products made of it decreased by 50.5%, to $0.532 million ($1.07 million) and imports of tin and products made of it increased 35.7%, to $0.152 million ($0.353 million). Imports of zinc and zinc goods increased 15.2%, to $4.231 million ($6.805 million).
Exports of aluminum and products made of it increased 8.18% in January 2020, to $7.16 million ($7.422 million in December alone), while shipments of lead abroad increased 79.7%, to $2.507 million ($1.98 million). Exports of nickel fell by 8.6%, to $0.16 million ($0.272 million in December).
Zinc exports in January 2020 amounted to $0.003 million, while in January 2019 it was $39,000 ($0.001 million in December). Exports of tin and products made of it in January 2020 were estimated at $0.015 million ($0.008 million in December) compared to $0.003 million in January 2019.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 11/02/20

National bank of Ukraine’s official rates as of 11/02/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF FEBRUARY 11

Official rates of banking metals from national bank as of February 11

One troy ounce=31.10 grams

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NUMBER OF INDIVIDUAL ENTREPRENEURS IN UKRAINE AMOUNTS 1.8 MLN

The number of individual entrepreneurs in Ukraine at the beginning of 2020 amounted to 1.8 million, which is 19,900 more compared to the figure at the beginning of 2019, the State Tax Service has said.
According to the report, the number of individual entrepreneurs operating under a simplified taxation system over the year increased by 93,800, or 8%, to 1.5 million taxpayers.
At the same time, in the first half of 2019, the dynamics of the number of such taxpayers was declining: this figure decreased from 1.39 million at the beginning of the year to 1.36 million on July 1.

RATIO OF FERTILITY AND MORTALITY BY UKRAINIAN REGION AS OF DEC 1, 2019

Ratio of fertility and mortality by Ukrainian region as of dec 1, 2019

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