The shareholders of Bank Alliance (Kyiv) at an extraordinary general meeting on November 27 will consider the issue of increasing charter capital by 40.4%, or by UAH 105.12 million, to UAH 365.12 million by capitalizing part of profit, according to a bank report in the information disclosure system of the National Commission on Securities and the Stock Market.
According to the report, the increase is planned to be carried out by increasing the nominal value of shares from UAH 16.25 to UAH 22.82 by sending part of profit for 2018 to the bank’s charter capital.
According to the NBU, as of July 1, 2019 Bank Alliance ranked 31st among 76 banks operating in the country in terms of total assets (UAH 3.137 billion).
The leaders of Ukrainian companies named a shortage of labor among the main barriers to doing business in 2019, but 92% of them predict their businesses will grow in the next three years, according to the annual review made by KMPG in Ukraine.
According to the Global CEO Outlook study in Ukraine, during which 130 heads of companies were surveyed, 35% of CEOs (chief executive officer) plan to increase investment in innovation in the next three years, while among the heads of world companies 69% announced such plans.
At the same time, only 39% of the leaders of Ukrainian companies consider their business prepared for cyberattacks, and 31% found it difficult to evaluate their business regarding cyber security, the report says.
At the same time, 52% of managers called staff training the key strategy for preparing the company for the future, 57% would prefer to invest in labor than in technology. However, the global survey shows a different trend – only 32% of the heads of global companies surveyed prefer investment in human resources compared to investments in technology.
Only 16% of organizations around the world have implemented artificial intelligence in the automation of some of their business processes. In Ukraine, given the low labor costs, CEOs see the achievement of return on investment in artificial intelligence and process automation as a distant future.
Among the risks for business development, the heads of Ukrainian companies, in addition to labor shortages, noted regulatory and operational risks, as well as return to economic nationalism.
Regional structure of retail trade turnover in Jan–Sept, 2019
official rates of banking metals from national bank as of November 12
One troy ounce=31.10 grams
National bank of Ukraine’s official rates as of 12/11/19
Source: National Bank of Ukraine
Ukrainian enterprises in January-October 2019 decreased exports of ferrous scrap metal by 87.2% compared to the same period of 2018, to 40,736 tonnes (316,196 tonnes in January-October 2018). According to customs statistics released by the State Fiscal Service of Ukraine, exports of scrap metal in monetary terms fell by 89%, to $11.31 million ($102.5 million a year ago).
Some 103 tonnes of scrap metal was exported October, 3,551 tonnes in September, 155,000 in August, 204,000 tonnes in July, 208,000 tonnes in June, 8,068 tonnes in May, 8,791 tonnes in April, 8,246 in March, 8,252 tonnes in February and 3,140 tonnes in January.
At the same time, in January-October 2019, the country increased imports of scrap metal in kind by 46% compared to January-October 2018, to 45,669 tonnes. Imports in monetary terms increased 1.8%, to $29.495 million.
Imports of scrap metal for the mentioned period arrived mainly from Turkey (59.16% of deliveries in monetary terms), Russia (31.64%), and the Netherlands (2.26%); and major exports were shipped to Turkey (86.71%), the Netherlands (6.45%) and Germany (4.84%).
Ukrainian metal companies in January-October 2019 imported 1,462 tonnes of ferrous products obtained by direct reduction of iron ore (HS code 7203) – hot briquetted iron (HBI), which is a substitute for pig iron and scrap metal. The HBI was imported from Russia through July-August for a total value of $478,000 when 1,539 tonnes of HBI was imported through January-September 2018 with a total value of $509,000.
As reported, Ukrainian enterprises in 2018 decreased exports of ferrous scrap metal by 33% compared to 2017, to 327,547 tonnes. Exports of scrap metal in monetary terms fell by 13.3%, to $105.646 million.
