Business news from Ukraine

Business news from Ukraine

UKRAINE BOOSTS IMPORTS OF ALUMINUM ORES

Ukraine in January-May of this year increased imports of aluminum ores and concentrate (bauxite) in kind by 12.3% compared to the same period last year, to 2.185 million tonnes.
According to statistics released by the State Customs Service on Tuesday, during this period, imports of bauxite in monetary terms increased 16.8%, to $99.393 million.
At the same time, aluminum ores were mainly imported from Guinea (60.15% of supplies in monetary terms), as well as from Brazil (22.26%) and Ghana (16.31%).
Ukraine in January-May 2021 re-exported bauxite in the amount of 94 tonnes for the tune of $19,000 to Poland (84.21%) and Germany (15.79%).

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UKRAINIAN ENTERPRISES IN 2021 INCREASE EXPORT OF FERROUS SCRAP BY 8.9 TIMES

Ukrainian enterprises in January-May this year increased exports of ferrous scrap by 8.9 times compared to the same period last year, to 146,345 tonnes, including 59,366 tonnes of scrap exported in May.
According to statistics released by the State Customs Service on Wednesday, in monetary terms, exports of scrap metal increased by 12.5 times, to $52.333 million.
At the same time, in January-May this year, the country increased imports of scrap metal in quantity terms by 51.3%, to 10,351 tonnes. In monetary terms, imports of scrap increased by 2.4 times, to $18.007 million.
Scrap metal in January-May this year was mainly imported from Turkey (63.78% of deliveries in monetary terms), the Russian Federation (28.98%) and the U.S. (2.26%); and exported – to Turkey (96.26%), Germany (0.99%) and Lithuania (0.91%).

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UKRAINE TRIPLES COPPER EXPORT

Ukrainian enterprises in January-May this year increased imports of copper and copper products in value terms by 80.3% compared to the same period last year, to $64.408 million.
According to customs statistics released by the State Customs Service of Ukraine on Wednesday, exports of copper and copper products over the first five months of the year increased by 3.1 times, to $88.374 million.
In May, copper and copper products were imported for $14.212 million, and exported – for $20.323 million.
In addition, Ukraine in January-May 2021 increased imports of nickel and nickel products by 34.3% compared to the same period in 2020, to $42.286 million (in May – $9.536 million), and aluminum and aluminum products by 13.6%, to $167.566 million ($37.505 million). At the same time, it increased imports of lead and lead products by 2.9 times, to $4.830 million ($227,000), tin and tin products – by 58.1%, to $1.369 million ($224,000), and zinc and zinc products – by 98.8%, to $35.565 million ($7.426 million).
Exports of aluminum and aluminum products in January-May 2021 increased by 52.7% compared to January-May 2020, to $61.494 million (in May – $11.943 million), lead and lead products by 57.9% – to $14.044 million ($1.684 million), and nickel and products – by 52.2%, to $1.966 million ($599,000).
Zinc exports in January-May 2021 amounted to $17,000 (there was no export in May), while in January-May 2020 they amounted to $21,000. Exports of tin and tin products in January-May 2020 amounted to $11,000 (in May – $3,000), while in January-May 2020 – $48,000.

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INTERNAL AND EXTERNAL DEBT OF UKRAINE IN 2009-2021

INTERNAL AND EXTERNAL DEBT OF UKRAINE IN 2009-2021

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MOST UKRAINIAN RETAILERS EXPECT MARKET RECOVERY

Some 65% of retailers surveyed by international company Colliers Ukraine expect recovery in the Ukrainian retail market in the next year or two.
“Over the entire period of the spread of the pandemic, retailers have adapted their business processes and potentially understand where to move. As soon as the tough quarantine restrictions are eased this year, we can state the presence of deferred demand from buyers. After the quarantine, in a fairly short period of time, there is a stabilization of tenants’ turnover,” Director of Retail Agency at Colliers Ukraine Ihor Zabolotsky has told Interfax-Ukraine.
Colliers Ukraine told Interfax-Ukraine that more than half (55%) of surveyed retailers were more comfortable with the total restrictions of this year, or were more prepared for the next closure of their outlets than in 2020. In particular, if last year almost 35% of surveyed retailers expected that it would take six months to recover the situation, then according to the results of the 2021 survey, only 13% believe that it will take six months to restore the pre-quarantine indicators after the spring quarantine in 2021.
As retailers note, online sales cover a larger percentage of operating costs this year compared to spring 2020.
Anti-crisis measures that retailers used to cut expenditures during the lockdown were also softer. As noted in Colliers Ukraine, this year the number of retailers who sent their staff on unpaid leave has decreased. Compared to spring 2020, the share of retailers who cut staff and closed outlets as anti-crisis measures decreased from 69% to 50%.
Some 60% of retailers noted the presence of supply disruptions during the spring of 2020, this year only 40%.
According to Zabolotsky, this year the number of operators who plan to reduce their outlets in the short term has decreased to 24% from 36% in 2020. About a third of retailers are planning to expand their chains (15.5% in 2020).
The expert added that today there are changes in the standard commercial terms of lease agreements: in a number of new agreements, the emphasis has shifted towards the percentage of turnover.
Colliers International is a leading diversified professional services provider, including investment management in commercial real estate. The company’s offices are represented in 67 countries of the world.

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UKRAINE REGISTERES 1,188 NEW CASES OF CORONAVIRUS

Ukraine has registered 1,188 new cases of coronavirus (COVID-19), as well as 4,682 recoveries and 55 deaths in the past 24 hours, the Ukrainian Health Ministry press service said in a statement on Thursday.
“Ukraine registered 1,188 new cases of COVID-19 on June 17, 2021. In particular, 62 children and six medical workers contracted the virus. Over the past day, 601 persons were hospitalized, 55 died, and 4,682 recovered,” the ministry said on Telegram.
Ukraine reported 1,045 contagions the day before.
As of this date, Ukraine has recorded 2.227 million cases of COVID-19, including 2.146 million recoveries and 51,902 deaths.