Business news from Ukraine

Business news from Ukraine

NAMED CATEGORIES OF CITIZENS WHO ARE FIRST TO BE VACCINATED AGAINST COVID

Head of the parliamentary committee on the health of the nation, medical care and health insurance Mykhailo Radutsky has named those who will be the first to be vaccinated against coronavirus in Ukraine for free.
“The first wave is doctors, the military, police. Doctors are mandatory. First of all, these are medical workers, these are the military, this is the police, this is the National Guard and the elderly from the risk group,” Radutsky said on the air of the Right to Power (Pravo na Vladu) program on 1 + 1 TV channel.
According to him, 4 million Ukrainians can already be vaccinated for free on COVAX.
In turn, Deputy Minister of Internal Affairs Anton Gerashchenko said that as many as 25,000 people fell ill with coronavirus among law enforcement officers, of whom 78 people died.

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DEUTSCHE BANK EXPECTS UKRAINE’S ECONOMY TO FALL BY 5.5% OF GDP IN 2020

The fall of the Ukrainian economy in 2020 may amount to 5.5% of GDP with a further recovery of growth by 3.5-4% in the next two years, analysts at Deutsche Bank expect.
According to the materials of Emerging Markets Outlook 2021, experts admit that the next tranche of the International Monetary Fund (IMF) will be allocated to Ukraine in early 2021, which will pave the way for obtaining funding from other international partners.
At the same time, the central bank will leave the discount rate at 6% per annum, according to the review.

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National Bank of Ukraine expects growth of reserves to $27 bln

The National Bank of Ukraine (NBU) is oriented on the growth of the country’s international reserves in 2020 from $25.3 billion at the beginning of the year to more than $27 billion at the end of the year, Deputy Governor of the National Bank Yurii Heletii has said.

“The indicator of international reserves will be higher than at the beginning of the year. Let me remind you that at the beginning of the year it was $25.3 billion. Our target is more than $27 billion,” he said.

According to the banker, the final volume of international reserves will depend on placements by the Ministry of Finance.

He explained that in the October forecast of the NBU, which assumed that international reserves at the end of this year will amount to $29 billion, it was planned to receive financing from the IMF, the World Bank and the EU.

According to the official, the state of international reserves is satisfactory and, according to the composite criterion, which is calculated according to the EU methodology, exceeds 90%.

As reported, the European Commission, on behalf of the European Union, issued EUR 600 million to Ukraine as part of the macro-financial assistance program related to COVID-19.

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CONSUMPTION OF ANTIBIOTICS IN UKRAINE INCREASES 5-6 TIMES

The consumption of antibiotics for some groups in Ukraine has grown 5-6 times, Minister of Health Maksym Stepanov said during a press briefing in Kyiv on Wednesday.
At the same time, the minister noted that the situation is under control.
“The consumption of antibiotics in Ukraine has grown by 5-6 times for some groups. I held meetings with pharmaceutical companies, we have a controlled situation, medical institutions are provided with a two-three-month supply of antibiotics,” he said.

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BROCARD.UA ONLINE STORE TURNOVER REACHES UAH 100 MLN IN OCT

The turnover of the Brocard.ua online store, which was launched on January 8, 2020, exceeded UAH 100 million in October, said co-founder of Brocard-Ukraine LLC, the largest operator of the perfumery and cosmetic market in Ukraine, Yuriy Gatkin.
“On January 8, we launched the Brocard.ua online store and already in October reached a turnover of UAH 100 million,” he said during the RAU Summit 2020 on Wednesday.
There were 4.5 million visits to the website in November, the press service of the company told Interfax-Ukraine.
Gatkin added that the pace of development of the e-commerce direction has gained rapid momentum, it employs a staff of 168 people, and “the warehouse works around the clock.”
According to the co-founder of the company, the online store Brocard.ua is currently ranked second in terms of indicators after the online cosmetics store Makeup.

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ILLICH STEEL MILL INCREASES PRODUCTION OF ROLLED PRODUCTS BY 10%

Mariupol-based PJSC Illich steel mill, a member of the Metinvest group, in January-November of this year increased the production of general rolled products, according to operational data, by 9.8% compared to the same period last year – to 3.34 million tonnes.
Steel production during this period increased by 12.9% – up to 3.7 million tonnes, pig iron – by 5.2%, to 4.32 million tonnes, sinter – by 12, 6%, to 11.28 million tonnes, the enterprise told the Interfax-Ukraine agency.
In November, the mill produced about 330,000 tonnes of general rolled products, 350,000 tonnes of steel, 370,000 tonnes of pig iron, and 1.1 million tonnes of sinter.

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