Business news from Ukraine

Business news from Ukraine

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 04/02/20

National bank of Ukraine’s official rates as of 04/02/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF FEBRUARY 4

Official rates of banking metals from national bank as of February 4

One troy ounce=31.10 grams

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INTEREST RATES ON NATIONAL BANK OF UKRAINE’S OPERATIONS SET FOR FEB 4

Interest rates on National Bank of Ukraine’s operations set for Feb 4

The Refinancing Rate is a rate at which the NBU provides loans to commercial banks for replenishment of their monetary reserves and lending funds

NONRESIDENTS BOOST INVESTMENT IN UKRAINIAN GOVERNMENT BONDS BY 6.1%

The volume of government domestic loan bonds bought by nonresidents grew by 6.1% or UAH 7.2 billion, to UAH 124.9 billion, the Finance Ministry said on its Facebook page last week.
According to the report, thus, as of January 31, 2020, the share of foreigners of the total volume of government bonds issued in Ukraine for the first time exceeded 15%.
“The share of other holders of government bonds in January only decreased: legal entities – by 6.5%, to UAH 24.6 billion, individuals – by 5%, to UAH 9.2 billion, banks – by 2.83%, to UAH 326.9 billion, and the National Bank – by 1.4%, to UAH 332.4 billion,” the ministry said.
In January of this year, the volume of government bonds in circulation decreased by UAH 9.1 billion.

PRESIDENT OF UKRAINE INVITES TURKISH BUSINESSES TO PARTICIPATE IN TENDERS FOR CONCESSION OF UKRAINIAN AIRPORTS, SEAPORTS, ROADS

President of Ukraine Volodymyr Zelensky has invited Turkish companies to participate in tenders for concession of Ukrainian airports, seaports and roads which will be held soon.
“One of our priorities is large-scale modernization of our infrastructure, including roads, airports, seaports, launch of river transport. We have announced the first tenders for concession of the Olvia and Kherson seaports. We are also preparing new tenders for Ukrainian airports and seaports, as well as concession projects for road. We are inviting Turkish businesses for active participation in them and we hope you will invest in this sector,” he said during the Ukrainian-Turkish Business Forum in Kyiv on Monday.

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UKRAINE AND TURKEY AGREE TO UPDATE PROPOSALS REGARDING FREE TRADE AREA

Ukraine and Turkey have agreed to update proposals regarding the free trade area (FTA), the Deputy Minister of Economic Development, Trade and Agriculture, Ukraine’s Trade Representative Taras Kachka has said.
“Today, a memorandum on the modality of further negotiations will be signed … Today, we have actually agreed to update the proposals of both parties, including in the agreed part,” Kachka wrote on Facebook.
He added that this would make it possible to review the results of negotiations of past years.
“The main thing is to give meaningfulness and mutual benefit to these negotiations,” the trade representative said.
Negotiations on the establishment of a FTA between Ukraine and Turkey began in 2011.

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