Business news from Ukraine

Business news from Ukraine

EUROPEAN INVESTMENT BANK INVESTS OVER EUR 1 BLN IN UKRAINE IN 2020

The European Investment Bank (EIB) invested over EUR 1 billion in Ukraine in 2020 alone. This represents an increase of more than 50% compared to 2019, the press service of the bank has reported.
“We delivered record investment of over EUR 1 billion in Ukraine in 2020, focusing our operations on support for conflict-affected regions of eastern Ukraine, sustainable and green infrastructure, digitalization, innovation and business recovery after COVID-19,” the press service said, citing EIB Vice-President Teresa Czerwińska, who is responsible for operations in Ukraine.
She said that Ukraine is the main recipient country of EIB investments in the Eastern Neighbourhood, accounting for more than 60% of the EIB’s lending activity in the region and supporting the European Union’s policies in its neighbourhood.
According to the report, total EIB investment in Ukraine has now reached EUR 7.5 billion.
The EIB financed small and medium-sized enterprises (SMEs) to ensure they can survive the crisis and continue to provide jobs. It also invested in infrastructure rehabilitation and development, innovation and improvements in public transport and key public services such as education and the postal service.
In 2020, the EIB supported 75 SMEs and mid-caps and helped sustain close to 18,500 jobs in Ukraine.

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UKRAINE CUTS OUTPUT OF ROLLED PRODUCTS AND BUT INCREASES CAST IRON

Ukrainian metallurgical enterprises in January of this year reduced the production of general rolled products, according to recent data, by 1.2% compared to the same period last year, to 1.659 million tonnes.
According to the report of the Ukrmetalurgprom association on Tuesday, in the first month of the year steel production decreased by 0.1%, to 1.841 million tonnes, while cast iron increased by 5.1%, to 1.817 million tonnes.
As reported, over 2020, Ukrainian metallurgical enterprises increased production of general rolled products by 0.7% compared to 2019, to 18.344 million tonnes, reduced steel by 1.4%, to 20.549 million tonnes and increased cast iron by 1.5%, to 20.358 million tonnes.

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THE MEDIEVAL HORSE SHOW WITH MASTER-CLASSES WILL TAKE PLACE NEAR KYIV

On February, 6 and 7 Ancient Kyiv in the Principality of Kyivan Rus («Kyivan Rus Park») invites to the «Horse-trick Weekend». The guests will be awaited by the horse-trick performances, master-classes on ancient martial arts and horse care, tasty dishes prepared on fire, Slavic games, round dances… And all of this in a real medieval city!
On February, 6 and 7 the inhabitants of the Principality will warmly welcome dear guests at the entrance gate and will not let you get bored even for a minute. During these days the visitors will become active participants of the action.
Horse shows with the participation of unique horses of historical breeds will take place on the big tilting-yard of Ancient Kyiv.
After the performances, the horse breeders will tell the guests about the breeds` origin, their characteristics, about which outstanding historical personalities owned the representatives of that or another breed. The experienced instructors will hold open master-classes on horse training and care, where they will tell how to look after these animals for them to be not only healthy and obedient, but also to become faithful friends.
Every visitor will get a chance to walk up to the horses, palm them, make a colorful photo session and even ride on a horseback or in a carriage.
A master-class on horseback archery will be the highlight of the program on February, 6 and 7. The sportsmen-virtuosos will surprise with the historical bow shooting accuracy on a horseback at full gallop. This is an incredibly difficult task for the competition participants, but at the same time, a thrilling and exciting sight for the audience!
 The changes in the program are possible.
The visiting of Ancient Kyiv takes place in compliance with the requirements of the quarantine regime.
Ancient Kyiv is situated in 45 minutes from modern Kyiv – in the Kyiv region, Obukhiv district, vill. Kopachiv.
Ticket price: a full adult ticket – 200 Uah., for pensioners and students – 150 Uah., for schoolchildren – 80 Uah., for preschool children – for free.
Detailed information on the website www.parkkyivrus.com
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 03/02/21

National bank of Ukraine’s official rates as of 03/02/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF FEBRUARY 3

Official rates of banking metals from national bank as of February 3

One troy ounce=31.10 grams

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VOLUME OF CONSTRUCTION WORK IN UKRAINE 4% UP IN 2020

The volume of construction work performed in Ukraine in 2020 increased by 4% compared to 2019, while the growth rate in 2019 versus 2018, according to updated data, was 23.6%.

As the State Statistics Service said on Monday, in 2020 the volume of performed construction work amounted to UAH 199 billion.

According to the statistics, in December 2020, the volume of performed construction work increased by 8.2% compared to December 2019, while compared to November 2020, the figure increased by 49.6% (according to seasonally adjusted data, it decreased by 1.2%).

The State Statistics Service said that in 2020 versus 2019, an increase in the volume of construction work was observed only in the segment of construction of engineering structures the figure was 14.8% (in 2019 it was 27.7% versus 2018). At the same time, in residential construction, the decline in construction work was 18.5% (in 2019 an increase of 4.8% compared to 2018), in non-residential construction 2.7% (in 2019 an increase of 30.3% compared to 2018).

The share of new construction in the total volume of completed construction works was 36.1%, renovations 36.9%, reconstruction and technical re-equipment 27%.

In 2020, an increase in the volume of construction work was recorded in 11 regions of Ukraine. The largest increase in the indicator was observed in Khmelnytsky (by 58.3%, to UAH 6.47 billion), Odesa (by 45.8%, to UAH 27.9 billion) and Donetsk (by 35.6%, to UAH 10.1 billion) regions.

A decrease in the volume of completed construction work was recorded in such regions as: Kirovohrad (by 35.9%, to UAH 1.36 billion), Kherson (by 34.9%, to UAH 1.24 billion), and Zaporizhia (by 32.2%, to UAH 2.72 billion), as well as in other regions. In Kyiv city, the indicator decreased by 2.2%, to UAH 42.8 billion.