This week, the National Bank of Ukraine (NBU) slightly reduced its net sales of foreign currency on the interbank market to $518.60 million from $540.95 million a week earlier, according to the regulator.
According to the data, the central bank did not purchase foreign currency, while sales decreased from $541.2 million to $518.60 million.
The official hryvnia exchange rate decreased by 0.2%, or 10 kopecks, to 41.2110 UAH/$1 over the week, while the hryvnia weakened by about 2 kopecks on the cash market to 41.35 UAH/$1 and by 3 kopecks on the cash market to 41.46 UAH/$1.
Since the beginning of 2024, the dollar has appreciated by 8.4%, or UAH 3.21, at the official exchange rate, and by 12.7%, or UAH 4.65, since the National Bank switched to managed flexibility on October 3, 2023.
In July, the official hryvnia exchange rate fell by 1.4%, or 55 kopecks, to 41.0063 UAH/$1, while in June its decline slowed to 3 kopecks after weakening by 90 kopecks in May.
According to the data published by the NBU during this period, from Monday to Thursday, the negative balance between the volume of purchases of foreign currency by the population and its sale slightly widened from $22.35 million to $24.93 million.
Ukraine’s international reserves in July, according to preliminary estimates by the National Bank, decreased by 1.8%, or $572.3 million, to $37 billion 231.9 million, while net international reserves (NIR) fell by $3 billion to $23.30 billion. According to the Quantitative Performance Criterion (QPC) in the updated EFF Extended Fund Facility program, Ukraine’s NIMR should be at least $28.8 billion by the end of September this year, and at least $26.3 billion by the end of the year.
At the same time, in August, Ukraine already received a $3.9 billion grant from the United States and EUR4.2 billion from the EU, of which EUR1.5 billion was a grant.
Power outage schedules may return due to the heat wave, Deputy Energy Minister Mykola Kolesnyk said.
“The heat is coming back. We see the temperature rising. Today we did not apply any restriction schedules, and tomorrow we do not plan to. Severe weather can lead to an increase in electricity consumption. Especially when it’s a fairly high, stable temperature,” he said during the telethon.
Kolesnyk clarified that the power system remains damaged after eight massive complex attacks by the Russian occupiers on energy infrastructure facilities, which could lead to a shortage of electricity.
Active work is currently underway to restore energy infrastructure facilities, the Deputy Energy Minister noted.
“One of the largest repair campaigns is underway to ensure that the maximum amount of equipment is prepared for the next heating season,” Kolesnyk said.
The consulting company of the Chairman of the Board of the Amber Business Association of Ukraine won
On Friday, 16.08.2024, an online auction was held for the sale of a special permit for the amber-bearing Polyana field (geological exploration with pilot industrial development and further extraction, for 5 years) with an area of 44.63 hectares in Rivne region.
The bidding started at UAH 4,641,520. Three bidders competed for the lot, with the final bids as follows:
Mykola Kotniuk is the head of the Amber Business Association of Ukraine, which unites 24 participants in the amber industry.
Is the Polyana site worth the UAH 91 million investment in a 5-year special permit? NADRA.INFO asked the winner of the auction.
“Our specialists will conduct a survey of the site, analyze the available geological information, and obtain the conclusions of the legal department on the possibility of obtaining a temporary land plot. After that, the investors will make the final decision on the payment for the lot,” said Mykola Kotnyuk.
If the winner does not buy the special permit, he will lose UAH 2 million of the guarantee fee, and the right to buy it will go to Com Resource LLC.
It should be noted that this was the second attempt by the State Service of Geology and Subsoil of Ukraine to find an investor for the Polyana field. At an auction in July, the lot was valued at UAH 35 million, but the special permit remained unacquired. Then, another company of Mykola Kotnyuk, Ukrainian Amber LLC, offered UAH 22,000,001 for the Polyana plot.
Kom Resurs LLC also participated in the first auction, valuing the lot at UAH 4,710,000. In July, the company was solely controlled by Ivan Debeliy (Antonov, Kryshchenko and Vertyporokh became owners of the company in August.
AMBER, AUCTION, State Service of Geology and Mineral Resources
On the territory of Kiev introduced restrictions on the movement of large-size trucks on Sunday.
“In order to preserve the road surface, trucks are prohibited to move at air temperatures over +28 degrees Celsius. The ban applies to transport with an actual weight of more than 24 tons and axle loading of more than 7 tons,” – reported in the telegram channel.
Drivers can wait out the hot period on sites for temporary parking in the right-of-way of highways and near road service objects.
The KSCA will inform about the removal of the restriction in the telegram channel.
In Ukraine on Monday, August 19, without precipitation; only in the afternoon in the western regions in some places short-term rain, thunderstorms, reports Ukrhydrometcenter.
The wind is predominantly southeastern, 5-10 m/s.
The temperature at night 15-20 °, on the seashore up to 23 °; in the afternoon 29-34 °, in the southern and central regions of strong heat 35-37 °; in the Carpathians 23-28 °.
In Kiev on Monday without precipitation. No precipitation. The wind is predominantly southeastern, 5-10 m/s. The temperature at night is 18-20°, during the day 32-34°.
According to the Central Geophysical Observatory named after Boris Sreznevsky. Borys Sreznevsky in Kiev on August 19, the highest daytime temperature was 37.8 in 1946, the lowest nighttime temperature was 7.4 in 1893.
Tuesday, August 20, in Ukraine without precipitation; only in the western regions, in the afternoon and in Zhytomyr region, in some places short-term rain, thunderstorm.
Wind of variable directions, 3-5 m/s.
The temperature at night 15-20°, on the seashore up to 23°; in the afternoon strong heat 35-38°, in the western regions 30-34°, in some places 25-30°.
In Kiev on Tuesday without precipitation. Wind of variable directions, 3-5 m/s. The temperature at night is 18-20 °, in the daytime strong heat – 35 °.
Ukraine’s public debt to GDP ratio from 2009 to 2023 (UAH mln)
Source: Open4Business.com.ua
