Business news from Ukraine

Business news from Ukraine

NEW UKRAINIAN PRESIDENT WANTS TO RELOCATE PRESIDENTIAL ADMINISTRATION TO ANOTHER PLACE

Ukrainian President Volodymyr Zelensky during an informal meeting with journalists at the Presidential Administration building in Kyiv on Wednesday declared his intention to relocate his administration from the center of Kyiv and turn the old Presidential Administration building into an art museum.
“I want this very much. The main problem for me now is time limits. Because to build a structure from scratch is impossible. But I cannot be here, because it drives me crazy,” the president said.
Zelensky said he is looking at options which will not require taking money for the move from the state budget. He said the old Presidential Administration building could be turned into an art museum.

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INTERNATIONAL AIRPORT IN DNIPRO TO BE RECONSTRUCTED

The Cabinet of Ministers of Ukraine has sent UAH 200 million for reconstruction of a runway of the international airport in Dnipro, according to a posting on the website of the Infrastructure Ministry of Ukraine. The decision was made at a government meeting on Wednesday.
“The Infrastructure Ministry supported the proposal of the Prime Minister of Ukraine and tabled for approval by the government the proposal to allocate UAH 200 million for the reconstruction of the runway of the airport in Dnipro. I support the fact that next year the airport in Dnipro could service the first flights of Ryanair and other European and Ukrainian airlines, including SkyUp,” the press service said, citing Infrastructure Minister Volodymyr Omelyan.
As reported, the Infrastructure Ministry of Ukraine supported the allocation of UAH 1 billion from the 2019 national budget for the construction of a new runway at the international airport in Dnipro within the framework of a public-private partnership project under which a private investor would build a new terminal and put it into service in 2020.
Ukrainian businessman, owner of the DCH Group Oleksandr Yaroslavsky, who had earlier invested in the renovation of the Kharkiv International Airport, has announced his plans to modernize the international airport in Dnipro.
Dnipro Mayor Borys Filatov called on Ukrainian President Petro Poroshenko to influence the situation with the airport in Dnipro.
The Dnipropetrovsk International Airport was founded in 1943. It became an independent enterprise in 2011. The airport is located five kilometers southeastward from Dnipro.

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GROWTH OF UKRAINE’S GDP IN JAN-MARCH 2019 WAS 2.5%

The growth of Ukraine’s gross domestic product (GDP) in January-March 2019 was 2.5% compared to the same period in 2018, the State Statistics Service has reported, while according to its preliminary estimate made in mid-May this figure was 2.2%. According to statistics, GDP growth in the fourth quarter of 2018 was 3.5% and 3.3% in general for 2018.
According to the State Statistics Service, real GDP in January-March of this year (taking into account the seasonal factor) rose by 0.3% compared with the previous quarter.
The service said that nominal GDP for the first quarter of 2019 amounted to UAH 807.8 billion, while the figure per capita stood at UAH 19,179, the change in deflator was 11.7%.
In early May, the National Bank estimated GDP growth in the first quarter of this year at 2.4%, and the Ministry of Economic Development and Trade somewhat later at 2.2%.
At the end of April, the NBU confirmed the forecast for GDP growth for 2019-2021. According to its expectations, this year it will slow down to 2.5%, and in 2020-2021 it will accelerate to 2.9% and 3.7% respectively.
In early April of this year, the Ministry of Finance announced that the Ministry of Economic Development and Trade had worsened the forecast for Ukraine’s GDP growth to 2.8% in 2019, while the national budget for this year was approved on the basis of the forecast of economic growth by 3%.

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JUNE 20

Official rates of banking metals from national bank as of june 20

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 20/06/19

National bank of ukraine’s official rates as of 20/06/19

Source: National Bank of Ukraine

HALF OF UKRAINIANS APPROVE OF PRESIDENT ZELENSKY’S PERFORMANCE

Half of Ukrainian citizens approve of President Volodymyr Zelensky’s performance, the Sociological Group Rating said.
In presenting the findings of a public opinion poll of 2,000 respondents aged 18 and older which it conducted on June 8 to June 12, the Sociological Group Rating said it found that 49% of those polled are contented with the president’s performance, 14% are of the opposite view, and 38% have not yet formed an opinion.
The number of those having an optimistic outlook on the situation in the country has also grown, it said.
The poll found that 35% of the respondents believe Ukraine is moving in the right direction, 36% are of the opposite view, and 30% are undecided.
“The trend toward the change of the people’s sentiments for the better is continuing,” the Sociological Group Rating said.
The relatively larger shares of optimists are among the residents of southern Ukraine, younger respondents, and supporters of the Servant of the People, Power and Honor, and Holos (Voice) Parties, while the voters of the European Solidarity and Opposition Platform – For Life parties are relatively more pessimistic.
As many as 22% of the respondents approve of Prime Minister Volodymyr Groysman’s performance, while 65% disapprove of it.
Nearly 90% of the respondents are dissatisfied with the Verkhovna Rada’s performance, and only 5% praised it.
The poll showed that 50% of the respondents expect President Zelensky to resolve the problem of a ceasefire in Donbas.
Another 38% expect that tariffs for housing and utilities would be reduced, 22% that tycoons’ influence on politics would be limited, 20% want social standards to increase, and 19% expect corrupt officials to be punished.
In addition, 17% expect that the immunity of parliamentarians would be abolished, 16% that the quality of medical services would be improved, 13% want more active cooperation with NATO and the European Union, 12% better cooperation with Russia, 12% stronger Ukrainian Armed Forces, and 10% the country’s unification.