Exports of cheese from Ukraine in January 2021 in kind increased 24.2% compared to January 2020, to 410 tonnes.
According to the State Customs Service, the export of cheese in monetary terms amounted to $1.43 million last month, which is 19.1% more than in January 2020.
At the same time, the volume of cheese imports to Ukraine in January did not change, remaining at the level of 2,800 tonnes, and in monetary terms increased by 8.3%, to $13.38 million.
Exports of Ukrainian butter in January 2021 decreased 7.9% compared to January 2020, to 684 tonnes, and in monetary terms it fell by 15%, to $2.96 million. Imports of these products decreased 42%, to 585 tonnes ($2.74 million).
According to the ministry, the export of milk and cream (condensed) in January 2021 increased 18.4% compared to January 2020, to 1,930 tonnes, and in monetary terms it grew by 12% to $4.14 million, while imports of this group of goods doubled, to 470 tonnes ($1.14 million).
National bank of Ukraine’s official rates as of 12/02/21
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of February 12
One troy ounce=31.10 grams
Canada’s Black Iron, implementing the investment project to create a new iron ore production facility in Kryvy Rih (Dnipropetrovsk region, Shymanivske iron ore project), has welcomed a new law on state support of investment projects with large investments in Ukraine aimed at attracting investments, lower taxes and provision of priority rights to lease state and communal land plots needed to realize an investment project.
The company said in a Thursday press release that upon a company entering into an investment agreement with Ukraine’s Cabinet of Ministers, support can be provided in the following areas that are relevant for Black Iron to construct its Shymanivske project: lower taxes – exemption from corporate taxes for a period of time and value added tax for all new equipment imported for the project; duty exemption – no import duties need to be paid on new equipment; priority land rights – priority rights to lease state and communal land plots needed to realize the investment project; and stabilization of law – the rights and duties of the investor shall be governed by the Ukrainian laws in effect at the date the investment agreement is executed unless a new law improves the investor’s position.
For Black Iron, this could be a savings of up to nearly $170 million through a combination of reduced upfront tax/duty payments to construct the project and initial corporate tax payments.
Black Iron CEO Matt Simpson said that this is a very positive concrete measure initiated by Ukrainian President Volodymyr Zelensky to attract additional investment to Ukraine that is greatly welcomed by international investors, including Black Iron, and should prove to be very effective.
Misen Enterprises AB (Sweden) received $47.06 million from Ukrgazvydobuvannia (UGV), a subsidiary of Naftogaz Ukrainy, in an arbitration dispute over a stake in the Joint Activity in accordance with a ruling by the Kyiv Court of Appeal made on January 5, 2021.
According to the report of Misen Energy AB (publ) on its website, another UAH 1 million was received by another company under its control – Karpatygaz LLC.
Ukrgazvydobuvannia also paid UAH 236.11 million in nonresident income tax to the state budget.
According to the report, this compensation reflects Misen Enterprises AB’s and LLC Karpatygaz’s share of the replacement costs of the equipment subject to the joint ownership under the Joint Activity agreement.
“However, this compensation does not reflect the going concern value of Misen Energy AB (publ.)’s share at the time the exorbitant subsoil use tax was imposed on the Joint Activity, which led to the termination of the Joint Activity Agreement. Misen Energy AB (publ) and its partially owned subsidiaries reserve all their rights in this respect,” Misen said.
Ukraine has preliminarily selected the American company SpaceX of Elon Musk to launch the Sich 2-30 (2-1) remote sensing satellite in December this year and is currently in technical negotiations with it, Deputy Prime Minister, Minister for Strategic Industries of Ukraine Oleh Urusky has said.
“We really have a window to launch the device in December with the help of a foreign operator – in this case SpaceX, with which we are now cooperating in terms of the compatibility of the device with launch vehicles,” the deputy prime minister said in an interview on Pershy Dilovy TV channel.
According to him, the corresponding decision was made by the president.
Urusky clarified that work with SpaceX is going on intensively and in the near future it will be clear whether it is fundamentally possible to combine the Ukrainian satellite with a SpaceX launch vehicle.
The official noted that today the satellite is practically ready.
“It requires final analysis and operational checks of technical readiness for launch,” he explained.
Urusky added that he personally visited Pivdenmash in Dnipro, where he checked the real state of the spacecraft.
He recalled that the last time Ukraine launched a remote sensing satellite was 10 years ago, so the launch of the new satellite will be an outstanding event.
As reported, President of Ukraine Volodymyr Zelensky earlier this year, commenting on Musk’s statement about communication with the family of Serhiy Korolyov, invited the American businessman and founder of the space company SpaceX to visit the Korolyov Museum of Cosmonautics in Zhytomyr.
