Business news from Ukraine

Business news from Ukraine

HEAD OF THE EU DELEGATION TO UKRAINE: COVID-19 VACCINES UNDER COVAX MECHANISM TO ARRIVE IN UKRAINE IN FEB

COVID-19 vaccines will begin to arrive in Ukraine under the COVAX mechanism in February this year, head of the EU Delegation to Ukraine Matti Maasikas said.

“We reacted quickly and provided EUR 190 million in aid and 1.2 billion in macro-financial support – an unprecedented amount for a crisis year. Today, the issue of vaccination against the virus has come to the fore. Vaccines under the EU-supported COVAX program will begin to arrive in February,” he said at a meeting of the Commission on coordination of implementation of the Association Agreement between Ukraine and the EU.

“Ukraine and other neighboring countries are a priority for the EU,” Maasikas said.

As reported, within the framework of the COVAX program, Ukraine will receive 117,000 doses of American-made Pfizer-BioNTech m-RNA vaccine in February, and in parallel, during the first half of 2021, from 2.2 to 3.7 million doses of AstraZeneca/Oxford vaccine.

,

NEW SUPPLY ON WAREHOUSE MARKET IN UKRAINE WILL EXCEED 360,000 SQ M

The volume of new supply on the warehouse and logistics real estate market in Ukraine in 2021-2022 will amount to 364,000 sq m, while about 200,000 square meters is to be commissioned in the market of Lviv and the region, according to a study by Alterra Group.
“The leader is Lviv, where it is planned to put into operation about 200,000 square meters. In Kyiv, it is planned to introduce those projects that were predicted back in 2019 and 2020. In the regions, most of the premises planned for commissioning by developers are occupied by post offices and logistics companies,” Dmytro Kovalchuk, the co-owner of Alterra Group, said during the web conference on the analytics of the warehouse real estate market.
So, in Kyiv, the volume of new supply in 2021-2022 will amount to 71,400 square meters, among the planned projects, in particular, are the warehouse FM Logistic (17,000 sq m), Sun Factory 2 (23,400 sq m), Makarovsky of ADG developer (15,000 sq m).
Among the objects in Lviv are the expansion of the Protec warehouse in Zymova Voda by 40,000 sq m, the warehouse Lvivsilmash (42,200 sq m), a project from Galileo Logistic (45,000 sq m), Port Lviv Logistic Center (40,000 sq m).
According to the company, postal operators will continue to actively develop, the total construction volume of which will be about 158,000 square meters. Among the projects announced in 2021 is the expansion of the Nova Poshta network in Dnipro, Odesa, Kyiv with a total area of projects of 37,000 square meters, the construction of Ukrposhta logistics terminals in Kyiv, Kharkiv, Lviv, Dnipro and Odesa (22,000 sq m each), the expansion of the distribution center Mist Express in Lviv to 11,000 sq m.
Alterra Group is engaged in complex services for commercial real estate, development and consulting. The company’s portfolio includes 31 projects with a total area of 117,500 square meters.

, ,

UKREXIMBANK POSTS UAH 5.6 BLN NET LOSS

The net loss of state-owned Ukreximbank (Kyiv) in 2020 amounted to UAH 5.6 billion against a net profit of UAH 63.62 million in 2019, chairman of the bank’s board Yevhen Metsger has said in a column published by the Interfax-Ukraine agency.
According to him, in the fourth quarter of 2020, the bank’s net loss amounted to UAH 3.4 billion, which is 1.5 times more than in the corresponding period of 2019 (UAH 2.21 billion).
Metsger explained that Ukreximbank entered 2020 with a number of problems, in particular, a structural deformation of the balance sheet, a weak foreign exchange position, a significant amount of overdue debt, a pool of expensive borrowings in foreign markets, which led to the formation of a loss.
According to him, these problems were caused by political factors, and in the context of the pandemic, they were intensified by macroeconomic challenges.
In addition, the banker said that the bank’s operating model was set to automatically generate losses, in particular, the volume of loan bookings regularly exceeded operating income by an average of 50%.
“And this accumulated portfolio of toxic assets caused constant pressure on the financial result. Firstly, a sufficient level of reserves was not formed for it, and secondly, it does not generate interest income for the bank. Over 2020, expenses to cover expected losses from the credit risk of non-performing assets amounted to UAH 4.3 billion,” Metsger explained.

, ,

36% of Ukrainians trust Lukashenko, 26% – Biden, 26% – Macron and 14% – Putin – poll

Some 36% of Ukrainians trust Alexander Lukashenko, 26.7% – Joe Biden, 26.2% – Emmanuel Macron and 14.4% – Vladimir Putin, according to the results of a poll conducted by the Kyiv International Institute of Sociology (KIIS) from January 27 to February 1.

According to the research, President of Belarus Alexander Lukashenko, whom the EU and the U.S. do not recognize as legally elected, is trusted by 36% of respondents, distrusted – by 53.6%,there are 7.6% of those who found it difficult to answer, and 2.7% do not know. The balance of trust in Lukashenko is (-17.6%).

U.S. President Joe Biden is trusted by 26.7% of respondents, 23.3% do not trust him, 25.4% found it difficult to answer, and 24.6% do not know. The balance of trust in Biden is (+ 3.4%).

Some 26.2% of respondents trust French President Emmanuel Macron, 23.2% do not trust him, 22.9% found it difficult to answer, and 27.6% do not know. The balance of trust in Macron is (+ 3%).

Some 14.4% of respondents trust Russian President Vladimir Putin, while 79.8% do not trust him, 5.6% found it difficult to answer, and 0.3% do not know. The balance of trust in Putin is (-65.4%).

The all-Ukrainian poll was conducted by personal interviews using tablets (CAPPE). Some 1,205 respondents living in 86 settlements of all regions of Ukraine (except for the Autonomous Republic of Crimea) were interviewed according to a 3-stage stochastic sample with a quota selection at the last stage, which is representative for the population of Ukraine aged 18 and over. In Luhansk and Donetsk regions, the survey was conducted only in the territory controlled by the Ukrainian authorities.

The statistical error of the sample (with a probability of 0.95 and excluding the design effect) does not exceed: 2.9% – for indicators close to 50%, 2.5% – for indicators close to 25%, 1.9% – for indicators close to 12%, and 1.3% – for indicators close to 5%.

,

OSCHADBANK ISSUES 4,000 CAR LOANS FOR UAH 1.9 BLN

State-controlled Oschadbank (Kyiv) in 2020 issued 4,000 car loans for a total of UAH 1.9 billion, which is 11.8% more than in 2019 (UAH 1.7 billion), the press service of has bank has said.
The bank reportedly issues car loans for up to seven years and with a minimum advance payment of 10%.
It is indicated that Oschadbank cooperates with more than 500 dealer centers throughout the country.
According to the bank, among the cars that were purchased on credit from Oschadbank, the favorites in 2020 were Toyota, Mazda, Suzuki, Nissan, Skoda, Hyundai, Kia, Volkswagen, Mercedes, Honda, Subaru, Renault, Peugeot and Fiat.
Oschadbank was founded in 1991. According to the National Bank of Ukraine, as of October 1, 2020, in terms of total assets (UAH 266.29 billion) Oschadbank ranked second among 74 banks operating in the country.

, ,

DYNAMICS OF CHANGES IN DISCOUNT RATE OF NBU

Dynamics of changes in discount rate of NBU.

NBU

, ,