The volume of construction work in Ukraine in November 2019 increased by 18.9% compared to November 2018, while in October 2019 compared to October 2018 this figure rose by 14.9%. According to the State Statistics Service, the volume of construction work in November increased by 3.9% compared to the previous month (according to seasonally adjusted data, it fell by 1.1%), while compared to September 2019 this figure decreased by 6.7%.
According to the State Statistics Service, in November 2019 from November 2018 the volume of work decreased in residential construction, and increased in non-residential and engineering construction. According to uncorrected data, the growth in non-residential construction amounted to 22.8%, engineering some 24.1%. The decrease in the volume of work in residential construction amounted to 7.5%.
In addition, in November the volume of construction work in construction of residential buildings compared to October decreased by 12.8%, while in the non-residential construction increased by 7.4%, and in construction of engineering structures by 7.1%.
In January-November 2019 compared with January-November 2018, a drop in the volume of construction work was recorded in three regions of Ukraine, in particular, in Ivano-Frankivsk (by 1%, to UAH 2.763 billion), Cherkasy (5.6%, to UAH 1.655 billion), and Zaporizhia (5.2%, to UAH 3.245 billion).
The largest growth in the volume of construction work over the 11 months was recorded in Vinnytsia (two times, to UAH 9.189 billion), Chernihiv (1.5 times, to UAH 1.589 billion), and Kherson (1.4 times, to UAH 1.566 billion) regions.
In Kyiv, the volume of construction work for the 11 months grew by 26.5% and amounted to UAH 35.55 billion.
The data are given excluding the occupied territory of Crimea and the temporarily occupied territories in Donetsk and Luhansk regions.
Oschadbank (Kyiv) plans to reduce the number of branches from 2,400 to 1,800-2,000 next year and update the remaining ones as part of the continued optimization of the network of branches of the financial institution. “We now have 2,400 branches. According to the plan, about 1,800-2,000 should remain. At the same time, we emphasize that all financial services will be available to customers throughout Ukraine,” Apine Baiba, the head of the supervisory board of Oschadbank, said in an interview with FinClub.
According to her, Oschadbank has already begun optimizing the network by updating more than 650 branches. At the same time, according to the old model, about 1,800 branches are still operating.
“Next year we need to make a choice: reformat them to a new business model or reduce them. And we cannot delay this process, because it affects the bank’s performance,” she said.
She clarified that the financial institution’s specialists are also working on transferring services from the branches to an online mode.
Oschadbank was founded in 1991. Its sole owner is the state.
Oschadbank ranked second among 76 banks operating in the country on October 1, 2019 in terms of total assets (UAH 274.609 billion), according to the National Bank of Ukraine.
Ukraine since the beginning of the 2019/2020 marketing year (MY, July-June) and as of December 23, 2019 had exported 29.35 million tonnes of grain and leguminous plants, which is 35% more than on the same date of the previous MY.
According to the information and analytical portal of the agro-industrial complex of Ukraine, to date the country has exported 14.5 million tonnes of wheat, 10.9 million tonnes of corn, and 3.7 million tonnes of barley.
As of December 23 of this year, 182,400 tonnes of flour were also exported.
As reported, Ukraine in the 2018/2019 MY exported a record 50.4 million tonnes of grain, legumes and flour, which is 23% more than in the previous MY.
The U.S. Department of Agriculture (USDA) in November raised its forecast for grain exports for the 2019/2020 MY by 500,000 tonnes compared with the October forecast, to 54.94 million tonnes.
The National Bank of Ukraine (NBU) on December 20 introduced into circulation the upgraded 50-hryvnia bills, as well as 5-hryvnia coins that will gradually replace the respective banknotes, the NBU has reported on its website.
According to the report, first of all, the NBU intends to introduce 5 million of 50–hryvnia banknotes and 5-hryvnia coins. The first batch of means of payment had already been distributed to NBU regional offices.
The NBU has catered to the needs of the public, since customers will not be required to exchange the current 5- and 50-hryvnia bills for new coins and banknotes. No time limits will be imposed on the simultaneous use of new and previous banknotes in payments.
The 5- and 50-hryvnia banknotes of the previous design will be gradually replaced with coins and new banknotes as they wear out. The number of upgraded bills and coins will gradually increase in circulation, depending on the economy’s needs, the bank said.
The NBU said that the introduction of into circulation the upgraded 50-hryvnia bills and 5-hryvnia coins is a part of optimizing and upgrading the banknote and coin series of hryvnia.
Since 2014, the NBU has been upgrading the hryvnia and streamlining cash settlements. Optimization of the banknote and coin series of hryvnia is expected to be completed in 2020 after 200-hryvnia banknotes are introduced into circulation alongside 10-hryvnia coins. Due to comprehensive changes, eventually, the hryvnia series will be optimized to 12 denominations. The new denomination series will have six coins (10 and 50 kopiikas, and 1, 2, 5, and 10 hryvnias) and six banknote denominations (20, 50, 100, 200, 500, and 1,000 hryvnias).
Adam Smith Conferences is proud to announce the 11th international Ukrainian Energy Forum, which will take place at the InterContinental Hotel, in Kiev on 25-27 February 2020.
For the 11th year, Adam Smith Conferences is bringing together the key decision-makers in the Ukrainian energy market at the flagship Ukrainian Energy Forum. This time we will welcome 450+ delegates in Kyiv, Ukraine on 25-27 February 2020 for the three days of intensive expert exchanges, evaluating business opportunities for 2020 onwards and targeted networking with international and Ukrainian top-level business executives.
With this invitation via Interfax Ukraine you are entitled to a 15% discount.
Simply quote your VIP code: EUC015mINT. REGISTRATION ONLINE.
See the conference agenda here
WHAT’S NEW IN 2020?
Hot topics:
– Reviewing the new government energy strategy for 2030
– Updates on transit contract negotiations and analysis of changes in supply patterns
– The potential for LNG as a viable option for resource diversification
– Presenting new internationally supported projects aimed at energy independence
– Getting to know the new independent GSTO
– Summing up the first year of online licensing rounds for E&P
– Overview of the first 6 months for the liberal power market
– Green tariffs and renewable energy auctions updates
New features:
– Women in energy networking lunch
– Interactive live polling: drawing conclusions on 2019
– Exclusive masterclass on transformational leadership in the energy sector
– Business opportunity roundtables with E&P and energy generating companies
– Innovation hub on technologies for the energy sector
– …and more to come!
We are pleased to announce some early speaker confirmations for 2020:
– Andriy Kobolev, CEO, Naftogaz Group
– Andriy Gerus, Head of Committee on Energy, Housing and Utilities Services, Verkhovna Rada of Ukraine
– Roman Opimakh, Chairman, State Service of Geology and Mineral Resources of Ukraine
– Janez Kopac, Director, The Energy Community
– Andriy Zhupanyn, Head of Gas Market, Transit and Supply Subcommittee, Committee on Energy,
Housing and Utilities Services, Verkhovna Rada of Ukraine
– Volodymyr Evdokimov, Managing Director, Market Operator
– Igor Schurov, General Director, DTEK Naftogaz
– Georgiy Rudko, Chairman, State Commission for Mineral Resources of Ukraine
– Oleg Nikonorov, Managing Director, Regional Gas Company
– Yaroslav Mydriy, Managing Partner, ERU Trading
– Orkhan Vahabov, Deputy CEO for Business and Strategy, SOCAR
– Matthew Monteverde, VP, Commodity Markets, Argus
– Dmytro Fedoruk, Partner, Redcliffe Partners
Official rates of banking metals from national bank as of December 24
One troy ounce=31.10 grams
