Business news from Ukraine

Business news from Ukraine

UKRAINE’S FOREIGN TRADE IN GOODS (EXPORTS), JAN–APR, 2019

Ukraine’s foreign trade in goods (exports), jan–apr, 2019

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DEFICIT OF UKRAINE’S BALANCE OF TRADE IN 2020 TO GROW FROM $13.78 BLN TO $14.92 BLN IN 2021

The deficit of Ukraine’s balance of trade in 2020 would grow from $13.78 billion to $14.92 billion in 2021 and $16.11 billion in 2022. The baseline forecast for social and economic development of Ukraine for 2020-2022, approved by government resolution No. 555 dated May 15, was posted on the government’s website.
The document suggests the second scenario of macroeconomic indicators for 2020–2022, which imposes higher risks, but it also implies an increase in the deficit of the balance of trade from $13.96 billion in 2020 to $15.60 billion in 2021 and $17.25 billion in 2022.
According to the resolution, the balance of trade was determined according to the balance of payments methodology, according to which in 2018 the deficit rose to $11.29 billion from $8.64 billion a year earlier.
The macroeconomic forecast, approved earlier by the government for 2019, suggests an increase in the deficit this year to $11.75 billion. According to the document, in the next two years the deficit was expected to increase to $12.20 billion and $12.98 billion, respectively.
In the new forecast, the growth of the deficit of the balance of trade is forecasted, first of all, due to a slightly higher rate of increase in imports compared to exports. In particular, in the first scenario: in 2020 – 8% and 7.6%, respectively, in 2021 – 7.1% and 6.9% and in 2022 – 7.3% and 7.1%.
According to the baseline scenario, the unemployment rate (according to the methodology of the International Labor Organization) in Ukraine will decrease moderately: in 2020 – to 8.1%, in 2021 – to 8%, in 2022 – to 7.9% compared to with 8.9% previously included in the forecast for the current year.
According to the pessimistic scenario, the unemployment rate in Ukraine in the next three years will remain at the level of 8.6-8.7%.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JULY 4

Official rates of banking metals from national bank as of july 4

One troy ounce=31.10 grams

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DTEK ENERGY HOLDING EXPANDS ELECTRIC CHARGING STATIONS ON KYIV-ODESA HIGHWAY

DTEK Energy Holding has installed four high-speed STRUM electric charging stations for electric vehicles with a capacity of 50 kW each on the Odesa highway, the company’s press service has reported. “Our stations with a capacity of 50 kW charge a car battery to 80% in 20-40 minutes,” Ihor Kovalev, the STRUM network project manager.
Electric charging stations are installed in the parking lot of the Zolota Pidkova hotel and restaurant complex (the Chupyra village, Kyiv region), at the SOCAR fuel filling station (Ropotukha, Cherkasy region), at the Shell fuel station (Nastasiyevka, Odesa region), and at the parking lot of the METRO supermarket in Odesa. One can find free electric charging station through the STRUM Charging mobile application.
The company also noted that by the end of summer the STRUM network plans to install up to 23 high-speed charging stations.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 04/07/19

National bank of ukraine’s official rates as of 04/07/19

Source: National Bank of Ukraine

SHORTAGE OF RETAIL SPACE SEEN IN IVANO-FRANKIVSK – EXPERT

Average vacancy in shopping centers of Ivano-Frankivsk in Q2 2019 is 3.9%, developers retain low construction activity: the terms of commissioning of three shopping and entertainment centers were postponed indefinitely, UTG consulting company (Kyiv) has reported. “The interest of retailers in the Ivano-Frankivsk market is very high. In the shopping centers of the city, there is a demand for fashion, entertainment and catering brands. The availability of professional retail space corresponds to 334.9 square meters per 1,000 inhabitants – below the average for Ukraine. The shortage of retail premises is 27,500 square meters, whereas for 2019-2020 only a building on the territory of the Holovny market with a lettable area of 4,800 square meters was declared for opening, UTG analyst Oksana Havrylevych told Interfax-Ukraine.
According to her, in the city, most of the existing and leading shopping centers were opened in 2004-2014. By now they are morally and physically obsolete.
According to her, in the most high-quality facilities rentals for the premises of the fashion gallery area of 50-100 square meters ranges $15-20 excluding VAT. The total market offer of Ivano-Frankivsk over the past five years has been replenished with only a few small facilities with an area of 1,000-2,000 square meters.
Thus, at the beginning of 2019, three district, eight micro district, 11 specialized, two entertainment centers and four detached hypermarkets were operating in Ivano-Frankivsk.
According to the ICSC classification, excluding small shops and premises of the street-retail format, city markets and detached super-and hypermarkets, the total area of the city’s retail facilities is 87,300 square meters, which corresponds to an indicator of 1,043 square meters per 1 square kilometer of the total area of the city.

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