National bank of ukraine’s official rates as of 11/07/19
Source: National Bank of Ukraine
The European Business Association (EBA) shares the position of the office of the president regarding the introduction of a nationwide system of electronic timber accounting and stresses the need for all timber makers to join this system. “For a more efficient operation of the electronic timber accounting system, it is critically important that all timber makers are connected to it, regardless of the form of subordination,” Yevhen Kuzmenko, the manager of EBA committees, told Interfax-Ukraine.
He noted that the system shows all the data from logging to timber sale or accepting for processing: who is involved in timber logging and on the basis of what documents, the characteristics of timber, as well as to whom and at what price it was sold.
“This system has already been introduced in forestries subordinated to the State Forest Agency. But it does not apply to other forest users, such as state enterprises of the Ministry of Defense, the Ministry of Environment, municipal companies, and others. They, according to various sources, harvest from 17% to 27% of the total volume of timber,” the expert said.
According to him, this situation allows manipulating the origin of wood.
President of Ukraine Volodymyr Zelensky has proposed turning the Chornobyl zone into one of the points of economic growth in Ukraine.
“Today I’ve signed a decree that will be the beginning of transformation of the exclusion zone into one of the growth points for new Ukraine,” he said at Chornobyl Nuclear Power Plant, where the ceremony of transferring a new safe confinement will take place.
Ukrainian metal companies saw a fall of 11.1% in foreign currency revenues from exports of ferrous metals in January-June 2019 year-over-year, to $4.797 billion.
According to customs statistics published by the State Fiscal Service, the share of ferrous metals of total income from exports was 19.6% compared to 23.21% from a year ago.
In June 2018 alone, receipts from ferrous metal exports amounted to $728.422 million.
In January-June 2018, Ukraine decreased imports of similar products by 4.5%, to $600.651 million including imports reaching $106.97 million in June.
In January-June 2018, Ukraine decreased metal products exports by 1%, to $534.622 million including June deliveries being $100.516 million. During this period, imports of metal products grew by 28.9%, to $528.524 million, including June imports worth $81.691 million.
As reported, in 2018 Ukraine saw its forex earnings from ferrous metal exports rise by 23.8%, to $9.937 billion. Ukraine saw imports of these products increase by 20.4%, to $1.367 billion.
Ukraine experienced a 23.8% rise in metal products exports, up to $1.11 billion. Metal imports grew by 19.9% last year, to $967.674 million.
Ukraine in January-June 2019 increased revenue from exports of electricity by 17.9% or $28.792 million compared with January-June 2018, to $189.455 million, including $32.188 million in June alone. Hungary bought electricity worth $118.05 million, Poland $40.386 million, Moldova $23.487 million, other countries $7.532 million, Ukraine’s State Fiscal Service has said.
Over the period under review, Ukraine imported electricity worth $0.607 million, in particular, electricity imports from the Russian Federation were estimated at $0.571 million, from Belarus at $0.034 million, from Moldova at $0.003 million.
As reported, Ukraine in 2018 exported electricity worth $331.942 million. Hungary bought electricity worth $189.958 million, Poland $78.763 million, Moldova $53.144 million, and other countries $10.078 million. Exports of Ukrainian electricity in monetary terms in 2018 increased by 40.9% compared to 2017.
Ukraine increased electricity exports by 19.3% or 999.4 million kWh in 2018, to 6.166 billion kWh.
According to the forecast, Ukraine in 2019 plans to export 6.42 billion kWh of electricity, and this is slightly more than in 2018 (6.2 billion kWh).
Ukraine in January-June 2019 imported 3.869 million tonnes of petroleum products (HS code 2710 – petrol, diesel, fuel oil, jet fuel, etc.), which is 13.2% more than in the same period of 2018.
According to the State Fiscal Service, oil products were imported for $2.454 billion, which is 10.4% more than in January-June 2018 ($2.224 billion).
Fuel imports from the Russian Federation amounted to $1.053 billion (a 42.92% share), Belarus to $883.04 million (35.98%), Lithuania to $265.12 million (10.8%), other countries to $252.743 million (10.3%).
In addition, in January-June 2019, Ukraine exported 319,490 tonnes (42.2% up from January-June 2018) of oil products for a total of $148.11 million (a rise of 23.4%). The cost of fuel supplied to counterparties from Greece was $46.65 million, Latvia $19.309 million, Hungary some $13.904 million, other countries some $68.246 million.
As reported, Ukraine in 2011 imported oil products for $6.954 billion and exported – for $3.339 billion, in 2012 – for $7.607 billion and $1.389 billion, in 2013 – for $6.418 billion and $810.772 million, in 2014 – for $6.698 billion and $510.596 million, in 2015 – for $3.857 billion and $116.385 million, in 2016 – for $3.267 billion and $86.585 million, in 2017 – for $4.159 billion and $180.851 million, and in 2018 – for $5.541 billion and $249.616 million.
