Business news from Ukraine

Business news from Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JUNE 21

Official rates of banking metals from national bank as of june 21

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 21/06/19

National bank of ukraine’s official rates as of 21/06/19

Source: National Bank of Ukraine

UKRNAFTA RAISES OIL PRODUCTION BY 8.5% IN MAY

PJSC Ukrnafta in May 2019 increased oil and condensate production by 8.5% compared to May 2018, to 130,700 tonnes, the press service of the company has said.
Natural gas production increased by 10.4%, to 98.4 million cubic meters. Compared with April 2019, oil and condensate production increased by 3.9%, that of gas by 4.6%.
The average daily production last month amounted to 4,200 tonnes per day and 3.2 million cubic meters per day respectively.
In 2018, Ukrnafta posted UAH 6.628 billion of net profit against UAH 101.771 million of profit for 2017.

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CONSUMER CONFIDENCE IN UKRAINE CONTINUE IMPROVING RAPIDLY

The Consumer Confidence Index (CCI) equals 82.8 in May, which is 11.2 points higher than the indicator in April, the values of indices can vary from 0 to 200, according to a study by Info Sapiens.
“The second month in a row the CCI grows rapidly. In May 2019 the Index reached the level of year 2013,” Info Sapiens’ analysts said.
They said that theCCI overcame the mark of 100 points in Kyiv.
“Such growth is the result of the voter’s optimism concerning the new President installation and future Parliament elections,” they said.
The analysts said that Indices of Expected Economic Conditions next year and Expected Changes in Personal Financial Standing experienced the most significant increase. Positive consumer confidence is also the result of stable situation on the currency market which is seen as Devaluation Expectations Index decrease by 20.2 points, to 123.4, according to the study.
In May, the indicator of Index of Expectations of Changes in Unemployment equaled 109.6, which is 0.3 points lower than previous month. Meanwhile, Index of Inflationary Expectations decreased and equals 175.8 which is 2.1 points lower than last month.
Index of Propensity to Consume increased by 2.4 p. and reached the indicator of 82.3. Index of Expected Changes in Personal Financial Standing increased by 15.2 points comparing to the previous month and reached 86.2.
In general, in April, Index of Economic Expectations (ІЕE) increased by 14.5 points to the level of 90.4.
Since June 2000, GfK Ukraine has conducted a household survey to determine consumer confidence in the country. Since 2019, it is being conducted by Info Sapiens with the assistance of Dragon Capital. Some 1,000 respondents are polled.

MPF WEIDMANN PAPER FACTORY INCREASES PRODUCTION BY 8%

Private joint-stock company Weidmann Malyn paper factory (MPF, Zhytomyr region), the only producer of electrical insulating board for power engineering machines in Ukraine, increased production by 8.6% in January-May 2019 compared with January-May 2018, to UAH 294.48 million.
According to the UkrPapir association, in kind the factory’s production remained unchanged – 2,790 tonnes, while transformer board output grew by 29.7%, to 2,190 tonnes.
MPF Weidmann is a member of the WICOR international group, the only company in Eastern Europe that can supply almost all kinds of electrical insulating paper and cardboard meeting regional and international standards.
In 2018, the factory increased production of commodity goods by 7.7%, to almost UAH 636.46 million.

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SLOVIANSKI SHPALERY-KFTB WALLPAPER OUTPUT GROWS

Public joint-stock company Slovianski Shpalery-KFTB (previously Koriukivka industrial paper factory in Chernihiv region), one of the Ukrainian major wallpaper producers, in January-May 2019 produced 12.04 million conventional sheets of wallpaper, which was 26.9% up from a year ago, according to the UkrPapir association.
In January-April 2019, the growth was 3.9% year-over-year.
According to the association, over the period wallpaper production in Ukraine totaled 20.45 million conventional sheets of wallpaper, which was 46.3% less than in January-May 2018.
The share of Slovianski Shpalery-KFTB of total wallpaper production in January-May 2019 was almost 59%, while a year ago it was 25%.
In May alone, Slovianski Shpalery-KFTB produced 6.41 million conventional sheets of wallpaper, which is 12.4% less than in May 2018, but it is 33.8% more than in April 2019.
The volume of commodity products of the plant in January-May 2019 increased 44.4%, to UAH 685.3 million.
Slovianski Shpalery-KFTB produces several kinds of wallpaper, including washable, duplex, vinyl and acrylic wallpaper. It sells over 2,500 designs under the Slovianski Shpalery trademark.

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