Business news from Ukraine

Business news from Ukraine

UKRAINE INCREASES ELECTRICITY CONSUMPTION IN JAN-MARCH

Electricity consumption in Ukraine, taking into account in-process losses in power grids, increased by 6.5% in January-March 2021 (by 2.591 billion kWh) compared to the same period in 2020, to 42.316 billion kWh, the Energy Ministry told Interfax-Ukraine.
Excluding in-process losses electricity consumption in January-March 2021 increased by 6.1% (by 1.934 billion kWh), to 33.675 billion kWh.
The country’s industry, excluding in-process losses, boosted electricity consumption by 3.5%, to 12.923 billion kWh. In particular, metallurgical industry consumed 6.99 billion kWh (2.5% more compared to January-March 2020), fuel industry some 854.8 million kWh (0.1% less), machine building industry some 1.021 billion kWh (9.9% more), chemical and petrochemical some 1.094 billion kWh (9.5% more), food and processing some 1.055 billion kWh (1.3% less), building materials some 532.5 million kWh (8.3% more), others some 1.376 billion kWh (4.6% more).
In addition, agricultural enterprises consumed 897.2 million kWh (6.1% more), transport some 1.662 billion kWh (1.8% less), developers some 329.9 million kWh (18% more).
In January-March 2021, the country’s population consumed 11.291 billion kWh (10.3% more), households some 4.217 billion kWh (3.2% more), other non-industrial consumers some 2.355 billion kWh (11% more).
According to the results of the first three months, the share of industry in the total volume of electricity consumption decreased from 39.3% to 38.4%, while the share of the population increased from 32.2% to 33.5%.
In March 2021, electricity consumption, taking into account in-process losses, increased by 10.3% (by 1.306 billion kWh) compared to the same months of 2020, to 13.997 billion kWh, excluding in-process losses, by 10% (by 1.018 billion kWh), to 11.168 billion kWh.

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BORYSPIL AIRPORT INCREASES PASSENGER TRAFFIC BY 10%

Boryspil International Airport (Kyiv region) in March 2021 served 534,353 passengers, which is 10% more compared to March last year (486,490 passengers).
As noted in the airport’s statement on Wednesday, in March, the airport served 259,278 passengers on regular flights and 275,075 passengers on non-scheduled flights.
“For objectivity, a longer period should be considered: in the first quarter of 2021, Boryspil airport served 1.206 million passengers [of which 633,000 passengers used regular flights, and 573,000 used non-scheduled flights], and this is 50.5% less than the same period last year [in the first quarter of 2020, some 2.437 million passengers were served],” the airport said.
Passenger traffic on domestic flights in March increased by 18.6% (some 40,100 passengers) compared to March 2020.
International passenger traffic is also showing growth, the number of passengers increased by 9.2% (some 494,300 passengers).
The top five destinations of Boryspil airport in March 2021 were: Sharm el-Sheikh, Hurghada, Istanbul, Dubai and Minsk.
“It is worth noting that a year has passed since the coronavirus [COVID-19] pandemic rocked the aviation industry. The most difficult period for Boryspil airport was the period from March to May 2020 – regular flights were suspended, and the airport served only special flights. Passenger traffic was extremely insignificant and this explains the increase in passenger traffic in March this year,” the airport said.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 07/04/21

National bank of Ukraine’s official rates as of 07/04/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF APRIL 07

Official rates of banking metals from national bank as of April 07

One troy ounce=31.10 grams

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PWC UKRAINE DEVELOPED A FREE GUIDE FOR FOREIGNERS ON TAX AND LEGAL ISSUES

PwC Ukraine developed a free guide – Expats’ Handbook to help foreigners coming to Ukraine for personal or business goals.
It aims to give a general overview of the key rules and issues that foreigners need to know about the Ukrainian tax and legal environment to allow them to become comfortable and to avoid being overburdened with formalities.
The Handbook is available in many languages, including English, Polish, German, French and Chinese.
“Our country is building a business-friendly climate and opening new opportunities for investors from across the globe. We still have some way to go on this journey – the Ukrainian legal landscape is a work in progress, undergoing changes which will bring it in line with international good practices. But as long as you have a trusted guide to steer you safely through burdensome taxation or immigration compliance issues, you are safe” – commented Slava Vlasov, Partner, Leader, Tax and Legal Services, PwC Ukraine.

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USAID TO PROVIDE UKRAINE WITH SPECIAL REFRIGERATORS TO STORE PFIZER VACCINE

The United States Agency for International Development USAID will provide Ukraine with special refrigerators necessary for transporting and storing the Pfizer vaccine, the press service of the U.S. Embassy in Ukraine said.
“To support Ukraine’s national response, USAID is helping prepare for Pfizer and other approved vaccines by providing direct support for ultra-cold chain storage/transportation and supporting public communications efforts to provide accurate information about vaccines,” the message reads.
As reported, Ukraine signed an agreement with the American pharmaceutical corporation Pfizer for the supply of 10 million doses of vaccine against COVID-19, which was agreed in February by Ukrainian President Volodymyr Zelensky and chief executive officer of Pfizer Albert Bourla.

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