The National Bank of Ukraine (NBU) from April 27, 2018 introduced UAH 1 and UAH 2 coins, the central bank has said on its website.
The NBU said that these coins will be in circulation jointly with the old UAH 1 coin and UAH 1 and UAH 2 banknotes.
“Ukrainian will be able to pay using the new coins synchronously with the UAH 1 and UAH 2 banknotes for the unlimited period of time. The NBU will not remove UAH 1 and UAH 2 banknotes from circulation, and eventually the coins would fully replace the damaged and worn down banknotes,” Director of the money circulation department at the NBU Viktor Zaivenko said.
As reported, the NBU intends to stop printing UAH 1, UAH 2, UAH 5, UAH 10 banknotes and replace them with coins.
The NBU said that that UAH 1 and UAH 2 coins will be put into circulation on April 27, 2018, UAH 5 and 10 UAH coins will be introduced under a separate decision of the NBU.
The first issue of UAH 1 and 2 coins will be 5 million pieces of each denomination. They will be put into the market along with the withdrawal of the worn-out banknotes of the corresponding denominations.
Fozzy-Food (Vyshneve, Kyiv region), part of the Fozzy Group (Kyiv) and earlier developing the Silpo supermarket chain, saw UAH 138.6 million of net profit in 2017, while in 2016 the company saw UAH 436.3 million of net loss.
According to a company report in the information disclosure system of the National Commission for Securities and the Stock Market, net revenue last year plunged by 98.6%, to UAH 492.3 million (the same as net revenue for January-September 2017).
Gross profit in 2017 plunged by 814%, to UAH 8.3 million (the same as gross profit for January-September 2017). Operation loss fell by 68.8%, to UAH 63 million.
Uncovered loss fell by 3%, to UAH 2.55 billion, and current liabilities – by 84,9%, to UAH 1.5 billion, while noncurrent liabilities – by 98.5%, to UAH 34.4 million.
Fozzi-Food LLC, a structural unit of the Fozzy Group, was registered in December 2002. Previously, it was engaged in the development of the Silpo supermarket chain in Ukraine.
As reported, Silpo-Food LLC (Kyiv) is developing the Silpo network now.
American Apple Inc. could launch the Apple Pay service of mobile payments in Ukraine in June 2018, co-founder of the Monobank project Oleh Gorohovsky has said. “PrivatBank starts first and then all the rest. According to my information, this may happen in June. There are some employees of PrivatBank whose iPhone test cards are already connected to Apple Pay,” he wrote on Facebook. According to Gorohovsky, Apple Pay will work in Monobank in a couple of months after the launch of the first bank. He also stressed that such are the features of launching Apple Pay in almost all countries.
The co-founder noted that Monobank clients actively use the Google Pay application and Monobank is one of the three leading banks in Ukraine in this indicator.
Earlier, the profile English-language portal AppleInsider reported, with reference to Apple Head Tim Cook, that U.S.-based Apple Inc. confirmed the launch of Apple Pay in Ukraine in the coming months.
The Apple Pay service allows paying for purchases using an Apple smartphone, to which the bank card is attached.
The International Monetary Fund (IMF) has retained its forecast for Ukraine’s GDP growth in 2018 at 3.2%, while it reviewed downwards the forecast for 2019 to 3.3% from 4%, according to the World Economic Outlook. The Parliament has ratified a guarantee agreement between Ukraine and the World Bank for a loan of $150 million. The World Bank has kept the forecast for Ukraine’s GDP growth in 2018 at 3.5%, Lead Economist and Program Leader covering Belarus, Moldova and Ukraine Faruk Khan said.
Ukraine’s GDP growth in 2018 is expected at 3.2% with inflation (December on December) of 9.7%, and next year it would slightly slow to 3.1% and accelerate in 2020 to 3.3%, according to the updated consensus forecast published by the Economic Development and Trade Ministry.
The deficit of Ukraine’s foreign trade in goods in February 2018 amounted to $457 million, while in January 2018 it was $284.1 million, the State Statistics Service has said.
Inflation in Ukraine in 2018 could again be larger than the National Bank of Ukraine (NBU) expected along with the expected increase in expenses on salaries, World Bank Economist for Ukraine, Belarus and Moldova Anastasia Golovach said in Kyiv.
Prices in the industry of Ukraine in March 2018 increased by 0.3%, while in February their growth was 1.2%, in January 4.4%, the State Statistics Service has reported.
The growth of consumer prices in Ukraine in March 2018 was 1.1% compared to 0.9% in February and 1.5% in January, the State Statistics Service of Ukraine reported.
The revenues of the national budget of Ukraine for the three months of 2018 amounted to UAH 193.567 billion, which is UAH 6.185 billion or 3.1% less than the target, the State Treasury Service of Ukraine reported on its website.
The growth of real GDP of Ukraine in the first quarter of 2018 in annual terms (quarter-over-quarter) was 2.3%, according to the assessments of the National Bank of Ukraine (NBU).
Industrial production in Ukraine in March 2018 grew by 1% compared to March 2017, while in February this figure was 1.9%, in January 3.6%, the State Statistics Service has said.
The volume of sold industrial products (goods, services) in January and February 2018 stood at UAH 402.975 billion, which is 16.3% more than in January and February 2017, in particular the volume sold abroad was worth UAH 108.704 billion (a decrease of 26.48%), the State Statistics Service has reported.
Ukraine’s retail trade turnover grew by 7.6% in comparable prices in January-March 2018 (Q1) year-over-year, the State Statistics Service said.
Consumer confidence index in Ukraine is growing for the fifth consecutive quarter: in Q4 2017 it reached 61 points, which is 3 points more than in Q3 2017 and 9 points more than in Q4 2016, according to the Nielsen global consumer confidence report.
The PR Group (Lviv), implementing a project on construction of the Sigma Park Yarychiv industrial park in Lviv region, plans to build at least 10 industrial parks with a gross area of almost 2,000 ha in two years and enter the Frankfurt Stock Exchange and the Singapore Exchange (SGX). “In addition to the park in Yarychiv, there will be 10 more industrial parks. The largest project for 560 hectares is located on the border of Lviv region in Rivne region. In Yarychiv there will be the smallest one – 15.7 hectares. In general, the entire portfolio of industrial parks is designed for almost 2,000 ha. We are planning to start all projects in two years. We are trying to make a stake on the social component. One of the projects will be located near Chervonohrad, Sokal, where the mines are closed and new jobs need to be created,” Managing Partner and co-owner of PR Group Roman Protsak told reporters on the sidelines of the Industrial Development and Construction Forum in Kyiv.
He said that the development company PR Development, which is part of the group, accompanies development of industrial parks. All the facilities will be united under the Sigma Park joint brand with the prefix of the name of the settlement near which they are located. This year, the company plans to provide two industrial parks for registration at the Ministry of Economic Development and Trade, and in 2019 to launch Sigma Park Yarychiv.
“There are already participants interested in locating their production facilities. Negotiations are currently under way with 48 companies. We will attract them on competitive terms. Each of them will present a development plan for the next 10 years, including offering the best conditions for employees’ salaries, Protsak said.
According to him, in August-September, the company will announce a tender for occupying land parcels in Sigma Park Yarychiv, in which only the food industry will be represented. The implementation of this project (greenfield) is at the utilities design stage. In other parks, the automotive, pharmaceutical, and other industries are located.
“We are currently using our own funds. We are not attracting credit resources, but we plan to enter foreign markets to raise funds through the sale of bonds… There are plans for two platforms – Frankfurt, Singapore and possibly additionally Warsaw. We plan to enter them in 2019-2020. One of our investment funds that deals with real estate in Ukraine and abroad will enter [the exchanges],” the co-owner of PR Group said. He said that the company had previously specialized in the construction of residential real estate, but three years ago, the co-owners decided to switch to commercial and industrial real estate.
FRANKFURT, INDUSTRIAL PARKS, OWNERS, SIGMA PARK, SINGAPORE, YARYCHIV
