National bank of Ukraine’s official rates as of 15/10/19
Source: National Bank of Ukraine
Azovstal Iron and Steel Works (Mariupol, Donetsk region) in January-September 2019 reduced production of rolled goods by 5% to 2.883 million tonnes compared to the same period in 2018, according to recent data.
A representative of the company told the Interfax-Ukraine agency steel production decreased by 2.8%, to 3.079 million tonnes, output of pig iron by 10.3%, to 2.623 million tonnes.
In September, Azovstal produced 318,000 tonnes of rolled goods, 345,000 tonnes of steel, and 301,000 tonnes of pig iron.
Azovstal in 2018 kept its rolled stock production at the previous year’s level – 3.879 million tonnes, but reduced steel output by 4%, to 4.082 million tonnes, pig iron by 2%, to 3.707 million tonnes.
The company is part of Metinvest Group, the main shareholders of which are SCM Group (71.24%) and Smart-Holding (23.76%), jointly managing the company.
Metinvest Holding LLC is the managing company of Metinvest Group.
Ukrainian President Volodymyr Zelensky has signed law No. 132-IX amending some Ukrainian laws stimulating investment activities in Ukraine approved by the Verkhovna Rada on September 20, according to a posting on the official website of the head of state. “The law aims to improve the investment climate in our country in certain areas, selected as a result of a comprehensive assessment of compliance of Ukrainian legislation with the best world practices described by the World Bank Group in the Doing Business rating methodology. The document amends a number of legislative acts that contain outdated and ineffective regulation. In particular, it is aimed at filling legal gaps, as well as introducing innovative legal instruments into the legal system of Ukraine.”
The main provisions of the law outline, among other things, liability of persons with an interest and officials of a joint-stock company for losses caused by an interested-party transaction concluded on non-market terms, the consent to which was granted by the majority shareholder or persons appointed by him; expanding the list of transactions that are considered related-party transactions.
The law abolishes the obligation to pay a contribution for the development of the infrastructure of a settlement. The law provides that contracts for the payment of contribution agreements concluded before January 1, 2020 are valid and continue to be valid until they are fully executed. During 2020, companies that ordered construction projects on a land parcel transfer funds to the appropriate local budget for the creation and development of the infrastructure of the settlement: for nonresidential buildings and structures – 4% of the total estimated cost of construction of the facility; for residential buildings – 2% of the construction cost of the facility. The law also defines facilities for the construction of which contribution is not paid.
In the field of land pledge agreements, the law abolishes the obligation to conduct an expert pecuniary valuation of private property land transferred as collateral.
In the field of activity of limited liability companies, the specifics of the creation and activity of limited liability companies operating on the basis of the model charter are determined.
The law enters into force on the day following the day of its publication.
President of Ukraine Volodymyr Zelensky may appoint Ambassador of Ukraine to the UN Volodymyr Yelchenko as the ambassador of Ukraine to the United States of America, the Ukrainian Voice of America service reports.
“At this post [Ukrainian Permanent Representative to the UN], an experienced diplomat Yelchenko repeatedly resolutely maintained Ukraine’s position, often in fierce exchanges of remarks with the Russian delegation during the organization’s meetings,” it said.
Zelensky said during a press marathon on October 10 that he had decided on the candidacy of the ambassador to the United States, but did not say who he had chosen.
“A person has been chosen, this is experienced person, a diplomat, who knows the United States very well. I think he will be appointed in the near future,” Zelensky said then.
Earlier, Valeriy Chaly held the post of ambassador.
AMBASSADOR, U.S.А, UKRAINE, UN
NATO member countries should actively help Ukraine, said Secretary General of the Alliance Jens Stoltenberg on Monday.
I urge all allies to provide more assistance to Ukraine in practice, he said during his speech in London.
Speaking about Kyiv’s desire for rapprochement with NATO, Stoltenberg noted that the reforms that Ukraine urgently needs will play an important role in this regard.
Raben Ukraine logistics company, a subsidiary of the international logistics company Raben Group (the Netherlands), has opened a new distribution center (cross dock) in Uman (Cherkasy region), the company’s press service has said.
The Uman distribution center, the 24th in the company’s network, will serve Uman, part of Cherkasy, Vinnytsia and Kirovohrad regions, and will make it possible to significantly reduce time for delivery of goods.
“Uman has a convenient geographical location, because it is located at the intersection of two major highways: E95, connecting the north and the south of the country, and E50, connecting the west and the east. The opening of a distribution center in Uman will help reduce delivery time by 24 hours,” director general of Raben Ukraine Inna Ocheretna said.
According to her, in the future the delivery of products requiring a special temperature regime from the new transportation center is being considered, which will cover the northern part of Odesa and Mykolaiv regions with services.
Raben Ukraine LLC, a subsidiary of the international logistics company Raben Group, has been operating in the logistics market since 2003. Its branches are located in Kyiv, Dnipro, Zaporizhia, Kharkiv, Odesa, Lviv, Khmelnytsky, and Rivne. It has about 70,000 square meters of warehouse space (including regions) and almost 600 vehicles in the fleet.
