Business news from Ukraine

SHAKHTAR DONETSK BEATS REAL MADRID 3-2 IN CHAMPIONS LEAGUE

Shakhtar Donetsk beat Real Madrid 3-2 in the first round of the Champions League group stage.
In the first half, Shakhtar, played in a weakened line-up due to the early detection of coronavirus (COVID-19) in a number of team players, managed to score three unanswered goals against the Royal Club. Brazilian Tete, Real Madrid defender Raphael Varane, and Shakhtar’s Israeli midfielder Manor Solomon scored a goal.
At the beginning of the second half, Real managed to win back two goals after accurate hits by Luka Modric and Vinicius Junior. In the last seconds of the match, Madrid managed to score the third goal after hitting Federico Valverde, but the goal was canceled after the referee watched a video replay due to offside position of one of the Spanish team’s players.
This group also includes the Italian Inter and the German Borussia (Mönchengladbach).

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MAJORITY OF UKRAINIAN POLICE OFFICERS CONSIDER REFORM OF NATIONAL POLICE UNSUCCESSFUL

The reform of the National Police of Ukraine is considered successful by 13.9% of National Police officers and 32% of patrol officers, according to the study “National Monitoring of Unlawful Police Violence in 2020” conducted by Kharkiv Institute for Social Research.
According to the results of the survey, 58.5% of police employees and 37.6% of patrol police consider transformations in the National Police unsuccessful. The option “the reform is not finished yet” was chosen by 26% and 28.8% of the respondents, respectively. 1.6% of the polled police and patrol officers believe that changes in the structure have not yet begun.
The survey of employees of the National Police of Ukraine was carried out using the methods of group questionnaires and surveys using an online form. The sample can be considered representative of the employees of the National Police of Ukraine as a whole. The statistical error with a probability of 0.95 does not exceed 3.0% for data close to 50%, 2.6% – for data close to 25% or 75%, and 1.8% – for data close to 10% or 90%.
This publication has been funded by the European Union.

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MARKET SHARE OF ILLEGAL CIGARETTE MARKET IN UKRAINE INCREASES TO 6.9%

The share of the illegal cigarette market in Ukraine as of August 2020 increased to 6.9% compared to 6.6% in 2019, CEO of the tobacco company JTI Ukraine Paul Holloway has said, citing a Kantar study.
“This means that in the first eight months of this year, the national budget received UAH 4.5 billion less,” he said at a press conference at Interfax-Ukraine on Wednesday.
According to Kantar data, over the entire past year, the share of illegal trade in tobacco products in Ukraine was 6.6%, or 3.5 billion cigarettes. As a result, the national budget received UAH 4.7 billion less.
At the same time, in July 2020, Kantar estimated the volume of the illegal cigarette market in Ukraine at 5%.
As Holloway said, consumers spend about 25% of their income on cigarettes. Consequently, an increase in the price of cigarettes will lead to an increase in the illicit trade in cigarettes.
The CEO of JTI Ukraine said that legal business is losing market share in favor of illegal manufacturers and smugglers. Moreover, 75-80% of the cost of legal cigarettes are taxes, which the manufacturers of illegal cigarettes do not pay.
To fight the illegal tobacco market, the company launched the No Smuggling project, he said.
Acting Head of the State Fiscal Service (SFS) Serhiy Solodchenko said that in the first nine months of 2020, his service seized excisable goods for the amount of UAH 2.034 billion, of which about 36% in monetary terms were tobacco products.
During this period, the tax police seized 11.5 million packages of tobacco products and 164 tonnes of tobacco from illegal circulation for the amount of UAH 730.4 million. In monetary terms, this is almost twice more compared to the same period last year.

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NEW 150 MW WIND FARM TO BE BUILT IN UKRAINE

Wind Power GSI Volyn LLC intends to build a wind power plant with a capacity of 150 MW in Ivanychi and Volodymyr-Volynsky districts of Volyn region.
According to the website of the unified register of environmental impact assessment, within the framework of the project, it is planned to install 28 wind turbines in the territory of Ivanychi district and 1 wind facility in the territory of Volodymyr-Volynsky district with a capacity of up to 7 MW each. The tower height is up to 166 meters, the rotor diameter is up to 170 meters.
It is also planned to build a high-voltage substation of 35/110 kV with an area of up to 1 hectare with transformer equipment to ensure the reception and transmission of generated electricity from the station to the network. The transmission of electricity generated at the wind farm to the unified state power grid will be carried out through the existing 330 kV Novovolynsk substation of Ukrenergo.
The wind farm is expected to generate about 540,000 MWh of “green” electricity.
According to the data of the Unified state register of legal entities and individual entrepreneurs, Wind Power GSI Volyn (Lviv) belongs to Greenville closed non-diversified venture corporate investment fund. The ultimate beneficiary is Ivan Torsky, the director general of TKS Development Holding.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 21/10/20

National bank of Ukraine’s official rates as of 21/10/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF OCTOBER 21

Official rates of banking metals from national bank as of October 21

One troy ounce=31.10 grams

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