Business news from Ukraine

Business news from Ukraine

EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT INVESTS EUR1.1 BLN IN 51 PROJECTS IN UKRAINE IN 2019

The European Bank for Reconstruction and Development (EBRD) invested EUR1.1 billion in 51 projects in the public and private sectors of Ukraine in 2019, EBRD Senior Adviser for External Affairs Anton Usov has said.
“Last year, among the countries of EBRD operations, Ukraine ranked second in terms of investments and first in the number of signed projects. Some EUR680 million of the total investment in Ukraine in 2019 was assigned to the “green” category [projects with an environmental component], which is the highest figure among all EBRD countries,” he said on Facebook.
The EBRD is the largest international financial investor in Ukraine. Since the beginning of its activity in the country in 1993, the bank has financed 445 projects for a total amount of almost EUR14.6 billion.

UKRAINIAN VEHICLE MANUFACTURERS PRODUCE 7,265 VEHICLES IN 2019

Ukrainian vehicle manufacturers in 2019 tentatively produced 7,265 vehicles, which is 10% more than in 2018, the Ukrautoprom association has reported.
At the same time, the output of passenger cars last year increased 10.5%, to 6254 cars and all of them were manufactured at the Eurocar factory (in 2018 also, with the exception of one car made at ZAZ), buses production grew by 5%, to 875 units, commercial vehicles and trucks – by 3%, to 136 units (excluding AvtoKrAZ, which has ceased to disclose information about production since August 2016).
According to the association’s statistics, the lion’s share (126 units) in the production of commercial vehicles belongs to JSC Cherkasy Bus, which increased their production by 2.6 times, while ZAZ reduced it by 82.5%, to 15 units.
Cherkasy Bus is also a leader in the production of buses: over the past year, 441 buses were produced (the same as in 2018). Chernihiv Automobile Plant of Etalon Corporation is second. It increased production by 7%, to 202 units, and Chasiv Yar Buses is third (94 buses compared with 107 in 2018).
Another 68 buses were produced by Bogdan Corporation (a year earlier there were 50 units made), ZAZ produced 70 units compared with 45 units in 2018.
The association said that the growth rate of vehicle production accelerated by the end of the year, which was thanks to the results of December, when vehicle production doubled compared with December 2018, to 557 units thanks to an increase of 2.2 times in the assembly of Skoda cars at the Eurocar, to 432 cars.
Only Cherkasy Bus reported on the production of commercial vehicles, where 20 vehicles were manufactured in December.
Last month, bus production increased by 38%, to 105 units, including 60 units made by Cherkasy Bus (compared with 40 a year earlier), the Chernihiv Automobile Plant made 28 buses (15), Chasiv Yar Buses manufactured 11 buses (3), and 6 buses were produced by ZAZ (11).

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 16/01/20

National bank of Ukraine’s official rates as of 16/01/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JANUARY 16

Official rates of banking metals from national bank as of January 16

One troy ounce=31.10 grams

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STATE-CONTROLLED UKRGASBANK ISSUES $14.5 MLN FOR BUILDING NEW TERMINAL AT ZAPORIZHIA AIRPORT

State-controlled Ukrgasbank (Kyiv) has issued $13 million and UAH 42.8 million for the construction of a new terminal at Zaporizhia airport, the financial institution’s press service has told Interfax-Ukraine. According to the report, the total cost of building the new terminal amounted to UAH 1.085 billion.
“Further borrowing needs from the borrower have not been announced at the moment,” the press service of Ukrgasbank said.
As reported, in December 2019 Zaporizhia completed the construction of a new airport terminal and in March 2020 they plan to open it for passengers.
Ukrgasbank was established in 1993. The state represented by the Ministry of Finance owns 94.94% of the shares of the financial institution.
Ukrgasbank ranked fourth among 76 banks operating in the country on October 1, 2019 in terms of total assets (UAH 114.133 billion), according to the National Bank of Ukraine.

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SEAPORTS OF UKRAINE INCREASE CARGO HANDLING BY 18% IN 2019

The seaports of Ukraine in 2019 handled 160 million tonnes of cargo, which is 18.4% more than in 2018, the press service of the Ukrainian Sea Ports Authority has said.
“For the third year in a row, Ukraine’s seaports demonstrate an increase in transshipment. This year, our 13 ports, excluding those that remained in the territory of Crimea, have reached a record high in the entire history of their existence – 160 million tonnes. The maximum levels of grain and ore transshipment have been recorded. Container transportation overcame a ten-year maximum – one million TEU. Three ports at once, Pivdenny, Mykolaiv and Olvia, reached the maximum transshipment volume since their creation. And finally, the authority managed for the second time to provide dredging in the amount of more than 7 million cubic meters,” head of the agency Raivis Veckagans said.
According to the report, the agricultural sector carried out a record transshipment in 2019. Thus, according to the enterprise, grain cargo and oil accounted for more than a third (37.7%) of the total cargo flow in Ukrainian ports, while grain handling increased by 32%, to 54.6 million tonnes.
Transshipment of ore ranked second with 37.3 million tonnes per year (33% more). The top three cargo types in 2019 also included containers – more than 1 million TEU.
Exports rose by 22.2% compared with the same period of the previous year, to 121 million tonnes, imports by 8.7%, to 2.58 million tonnes, transit by 8%, to 11 million tonnes.
Among the Ukrainian ports, the leaders in terms of cargo transshipment in 2019 were Pivdenny with 53.9 million tonnes (26.1% more), Mykolaiv with 33.4 million tonnes (14.5% more), Chornomorsk with 26.2 million tonnes (21.4% more), and Odesa with 25.3 million tonnes (16.8% more).

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