Business news from Ukraine

Business news from Ukraine

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 30/08/19

National bank of Ukraine’s official rates as of 30/08/19

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF AUGUST 30

Official rates of banking metals from national bank as of August 30

One troy ounce=31.10 grams

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FC SHAKHTAR DONETSK TO PLAY IN CHAMPIONS LEAGUE WITH ENGLISH MANCHESTER CITY, CROATIAN DINAMO ZAGREB AND ITALIAN ATALANTA

Shakhtar Donetsk Football Club will play in the group stage of the Champions League of 2019-2020 season with the English Manchester City, the Croatian Dinamo Zagreb and the Italian Atalanta.
These are the results of the draw, which took place in Monaco.
The champions of Ukraine played with Man City in the same group in the previous season and received 0:3 home defeat, and 0:6 in an away loss.
Ukrainian midfielder Ruslan Malynovsky plays for Atalanta from this season.

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CYPRUS AGAIN LEADER IN FOREIGN DIRECT INVESTMENT TO UKRAINE, FOLLOWED BY THE NETHERLANDS AND RUSSIA

Foreign direct investment (FDI) in Ukraine as equity capital as of July 1, 2019, was $33.724 billion, which was 2.6%, or $0.84 billion more than in the beginning of the year, the State Statistics Service of Ukraine said. According to the data, the inflow of FDI for the sixth months of 2019 totalled $1.256 billion, $728.9 million was written off, other changes of the cost of the corporate capital of nonresidents totaled $309 million with exchange rate differences of $520.8 million.
According to previously published data, first quarterly inflow of FDI in Ukraine grew by $45.5 million.
Cyprus was the leader in FDI surplus in the first half of 2019 with $388.8 million, followed by the Netherlands ($295.1 million), Russia – 145.5 million, and Switzerland ($100.3 million).
Meanwhile, FDI from Hungary decreased $250.6 million.
Nonresidents invested $318.5 million in financial and insurance activities, $184.9 million and $176.4 million in extractive and processing industries respectively, $113.8 million in wholesale and retail trade, $122.6 million in transactions with property, $128.4 million in science and technical activities.
Although there was a $270.4 million drop in FDI in the field of administrative and supportive service for the mentioned period.

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COMMISSIONING OF HOUSING IN UKRAINE INCREASES BY 50% TO 4.9 MLN SQ METERS

Commissioning of housing in Ukraine through January-June 2019 increased by 50.6% compared to 2018, to 4.911 million square meters. According to the report, 2.887 million square meters of housing was commissioned in urban areas in the first six months of 2019, and 2.024 million in rural areas. Some 58% of total volume of housing was commissioned in single-family houses, and 42% in houses with two and more apartments.
Over the period, 53,258 apartments were commissioned, including 45,400 in urban areas and 17,900 in rural areas. Average area of apartments was 92.2 square meters.
Some 54.1% of housing was commissioned in Lviv, Ivano-Frankivsk and Odesa regions in the first half of 2019, in particular in Kyiv city – 430,600 square meters.
The decline in the volume of commissioning was seen in Kharkiv region – by 35.7%, to 129,700 square meters.
The largest growth in housing commissioning year-over-year (not taking into account temporary commissioning rules) was seen in Chernivtsi (by 364.6%, to 270,400 square meters), Ternopil (by 273%, to 199,600 square meters) and Ivano-Frankivsk regions (by 272.1%, to 431,600 square meters).

UKRAINE GETS NEW GOVERNMENT

The Verkhovna Rada has backed the candidates to the new cabinet of ministers proposed by newly appointed Ukrainian Prime Minister Oleksiy Honcharuk on behalf of the ruling parliamentary coalition, the Servant of the People faction. A total of 281 parliamentarians voted for the cabinet on Thursday evening, an Interfax-Ukraine correspondent said.
The new Ukrainian government includes: Dmytro Kuleba, Deputy Prime Minister for European and Euro-Atlantic integration; Mykhailo Fedorov, Deputy Prime Minister, Digital Transformation Minister; Tymofiy Mylovanov, Minister of Economic Development, Trade, and Agriculture; Oksana Markarova, Minister of Finance; Oleksiy Orzhel, Minister of Energy and Environmental Protection; Vladyslav Krykliy, Minister of Infrastructure; Olena Babak, Minister of Development of Communities and Territories; Hanna Novosad, Minister of Education and Science; Zoriana Skaletska (Chernenko), Minister of Health; Volodymyr Borodiansky, Minister of Youth Policy, Culture and Sports; Yulia Sokolovska, Minister of Social Policy; Arsen Avakov, Interior Minister; Denys Maliuska, Minister of Justice; Oksana Koliada (Havryliuk), Minister for Veterans, Temporarily Occupied Territories, and Internally Displaced Persons; and Dmytro Dubilet, Minister of the Cabinet of Ministers.
Earlier in the day, the parliament appointed Vadym Prystaiko as foreign minister and Andriy Zahorodniuk as defense minister, as recommended by the Ukrainian president.
In the new Ukrainian cabinet unifications have occurred of the Economy Ministry and the Agriculture Ministry, the Energy Ministry and the Ecology Ministry; the Veterans Ministry and the Ministry of Temporary Occupied Territories; and the Culture Ministry and the Youth and Sports Ministry.

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