Business news from Ukraine

Business news from Ukraine

UKRAINE’S GOVT BACKS DEVELOPMENT OF GOVT PROGRAM FOR DEVELOPMENT OF FOLK ARTS, CRAFTS FOR 2021-2025

The Cabinet of Ministers of Ukraine has supported the development of a government targeted program of the Ministry of Culture and Information Policy for the development of folk arts and crafts for 2021-2025.
The decision was made at a government meeting on Wednesday.
“Although the craft was and remains the hallmark of Ukraine, today it is in a state of decline and gradual oblivion. The number of craftsmen and organizations is decreasing. Rare artistic techniques and technologies are in danger of extinction. Therefore, folk arts and crafts will exist,” Minister of Culture and Information Policy Oleksandr Tkachenko wrote on his Telegram channel.
According to him, thanks to this program, the authorities are trying to: preserve and transfer the knowledge of the masters; reboot the perception of products and services domestically through marketing and communications; increase the capitalization of brands of folk crafts and their export potential; and set up competent distribution and logistics of goods.
“Folk arts and crafts are one of the most important authentic branches of our culture and, at the same time, a promising sector of creative industries. Behind it is the creation of added value and new jobs,” the minister said.

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EXPORTS OF GOODS FROM UKRAINE GROWS BY 1.3% IN OCT

The volume of Ukrainian exports of goods in October amounted to $4.69 billion, which is 1.31% higher than the same month in 2019 and 10.41% higher compared to September this year.
Deputy Minister of Development of Economy, Trade and Agriculture, Trade Representative of Ukraine Taras Kachka said on Facebook, so far in the first 10 months of the year (year-on-year), exports showed a decline of 4.82%, imports – 12.21%.
“More good news: we have reduced the deficit by $3.97 billion, that is, more than a half,” he wrote.

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UKRAINE EXPORTS 16.5 MLN TONNES OF GRAIN

As of November 2, Ukraine exported 16.55 million tonnes of grains and legumes since the beginning of the new 2020/2021 marketing year (July-June), which is 3.1 million tonnes less than on the same date last MY.
According to the information and analytical portal of agro-industrial complex of Ukraine, to date, 10.65 million tonnes of wheat (less by 1.03 million tonnes), 3.37 million tonnes of barley and 2.47 million tons of maize (less by 1.92 million tonnes) have been exported.
As of November 2 of this year, 62,700 tonnes of flour were exported as well.
As reported, Ukraine exported record 57.2 million tonnes of grains, legumes and flour in 2019/2020 marketing year, which is 13.5% more than in the previous marketing year.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 03/11/20

National bank of Ukraine’s official rates as of 03/11/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF NOVEMBER 03

Official rates of banking metals from national bank as of November 03

One troy ounce=31.10 grams

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