Ukraine reduced the import of aluminum ore and concentrate (bauxite) by 9% in January-May 2020 compared to the same period 2019, to 1.945 million tonnes.
According to statistics released by the State Customs Service, bauxite imports in monetary terms decreased by 8.2%, to $85.069 million during that period.
The import was mainly made from Guinea (67.77% of supplies in monetary terms), Guyana (15.02%) and Ghana (8.49%).
In January-May 2020, some 70 tonnes of bauxite worth $11,000 were re-exported to Poland, while in January-May 2019 Ukraine supplied 22 tonnes of bauxite worth $1,000 to Poland.
National bank of Ukraine’s official rates as of 10/06/20
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of June 10
One troy ounce=31.10 grams
Prime Minister of Ukraine Denys Shmyhal during the first telephone conversation with Canadian Deputy Prime Minister Chrystia Freeland discussed the liberalization of the visa regime and the extension of the free trade agreement between the two countries.
“Was happy to have the first conversation with a faithful friend of Ukraine — Deputy PM of Canada Chrystia Freeland. Visa liberalization and expanding of the free trade agreement was discussed. It’s vital for us to have such reliable partners. Grateful for the consistent support of Ukraine,” Shmyhal wrote on Twitter on Tuesday.
Ukraine’s economy will shrink by 3.5% in 2020 due to the coronavirus-related crisis, while the global economy will lose 5.2% overall, the World Bank announced this in the updated Global Economic Prospects on Tuesday. “The depth of the contraction will depend on the duration of the health crisis, progress on major pending reforms, and the ability to mobilize adequate financing to meet sizable repayment needs,” the World Bank said.
According to the bank, next year the growth of the Ukrainian economy will resume at a rate of 3%, which is lower than the expected recovery of the global economy at 4.2%.
The World Bank said that compared with the previous forecast in January of this year, it worsened expectations of the dynamics of Ukraine’s GDP this year by 7.2 percentage points (pp), and in the next – by 1.2 pp.
Capital investment in Ukraine in January-March this year fell by 35.5% after growing by 21.2% in the fourth quarter of last year, the State Statistics Service said on Tuesday.
According to the State Statistics Service, in the first quarter of this year, UAH 76.914 billion of capital investment was disbursed (excluding the temporarily occupied Crimea, Sevastopol and the territories of Luhansk and Donetsk regions).
