Business news from Ukraine

Business news from Ukraine

UKRAINIAN BANKS POSITIVELY ASSESS PROSPECTS FOR LENDING

The number of banks expecting an increase in the volume of their loan portfolio over the next 12 months amounted to 88% for the corporate segment and 79% for lending to the population, according to the results of a survey conducted by the National Bank of Ukraine (NBU) on the conditions of bank lending.
“In the next 12 months, 79% of respondents predict an increase in the loan portfolio of households, 88% – corporate portfolios. The share of banks that expect an increase in the loan portfolio of enterprises is the largest in the entire history of observation. 67% of financial institutions predict an increase in funding due to an increase in funds of both population and corporations,” the central bank said in a review on its website on Friday.
In addition, in the second quarter, half of the respondents noted an increase in demand for both consumer lending and mortgages.
In the second quarter, survey participants noted a moderate increase in liquidity risk, credit and interest rate risks, while in the next three months banks expect further growth in credit risk, simultaneously with a decrease in interest rate risk and liquidity risk.
More than 80% of banks consider the total debt burden to be medium, in addition, for large enterprises it is higher when compared with SMEs.
In the next quarter, financial institutions forecast the largest easing of hryvnia business lending standards since 2013. In particular, in mortgage loans, due to positive expectations of the prospects for the real estate market, and in consumer loans due to positive expectations of consumer solvency and general economic activity, as well as competition with other banks and nonbank financial institutions.

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NUMBER OF UKRAINIAN HOUSEHOLDS WITH INSTALLED PV PANELS GROWS BY 11% IN Q2

The number of households that installed PV panels in April-June 2021 grew by 3,480 units, or 11%, the State Agency on Energy Efficiency and Energy Saving reported on Thursday.
“Today, the 98 MW installed by families is an investment of about EUR 60 million,” the agency said.
According to the agency’s press release, as of July 1, 2021, there are 35,400 families in Ukraine that generate and consume electricity from solar energy, and the total capacity of the PV panel units installed by them has reached 933 MW.
At the same time, the agency said that the indicators of the second quarter of 2020 decreased by half, to 1,541 units (42 MW), while the indicators for the same period in 2019 were 3,045 units (86 MW).
The three leaders in terms of the number of installed PV units include Dnipropetrovsk region (5,706 units with a total capacity of 141 MW), Ternopil region (2,788 units with a total capacity of 79 MW) and Kyiv region (2,718 units with a total capacity of 78 MW).

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7 UKRAINIAN CITIZENS INJURED IN ROAD ACCIDENT IN POLAND

Near the town of Radomsko, Łódź Voivodeship, in Poland, as a result of a road traffic accident, seven citizens of Ukraine were injured.

“On July 24, 21, near Radomsko, Łódź Voivodeship, an accident occurred with the participation of a Volkswagen Transporter minibus and a Nissan car. As a result of the accident, seven citizens of Ukraine were injured, who were taken to medical facilities in Łódź, Radomsko, Piotrków Trybunalski and Częstochowa,” the Ukrainian Embassy in Poland said on Twitter.

The embassy said that as of 16:00 there are six citizens of Ukraine in medical facilities, one citizen was discharged from the hospital.

“The necessary consular assistance is being provided. The case is under the control of the embassy, ​​the State Civil Administration in Kraków and the Department of the Consular Service of the Ministry of Foreign Affairs of Ukraine,” the embassy said.

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G7 AMBASSADORS WELCOME UKRAINE’S STATEMENT TO MOVE TOWARDS NET-ZERO ECONOMY

The G7 countries welcome Ukraine’s statements of commitments to abandon coal and move towards zero CO2 emissions into the atmosphere.

“G7 Ambassadors were pleased to discuss Ukraine’s plans to combat climate change with Minister of Environment Protection and Natural Resources of Ukraine Roman Abramovsky and Deputy Prime Minister of Ukraine for European and Euro-Atlantic Integration Olha Stefanishyna. Ambassadors encouraged Ukraine to submit an ambitious 2nd Nationally Defined Contribution for COP26 by the end of July,” G7 Ambassadors said on the Twitter page.

In particular, the ambassadors welcomed Ukraine’s statements of commitments to transition away from coal and move towards net-zero. A cross-government approach is essential to deliver reforms, create the conditions for investment, and incentivise clean energy in order to meet Ukraine’s goals.

 

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NATIONAL SECURITY AND DEFENSE COUNCIL IMPOSES SANCTIONS AGAINST CO-FOUNDERS OF WILDBERRIES

President of Ukraine Volodymyr Zelensky signed a decree that puts into effect the National Security and Defense Council (NSDC) of Ukraine decision on the imposition of personal special economic and other restrictive measures (sanctions) dated July 16, 2021 in relation to six individuals.

Relevant presidential decree No. 304/2021 dated July 23 was released on the presidential website.

Thus, sanctions for a period of three years are imposed against the following persons: Tatiana Bakalchuk and Vladislav Bakalchuk (co-founders of Wildberries LLC).

 

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FOREIGN TRADE TURNOVER BY THE MOST IMPORTANT POSITIONS JAN- APRIL 2021 (IMPORT)

FOREIGN TRADE TURNOVER BY THE MOST IMPORTANT POSITIONS JAN- APRIL 2021 (IMPORT)

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