Business news from Ukraine

UKRAINIAN GOVERNMENT TO PUBLISH SALARIES OF TOP OFFICIALS ON MONTHLY BASIS

Minister of the Cabinet of Ministers of Ukraine Dmytro Dubilet has said government intends to publish monthly salaries of top officials.
“We will officially publish every month all the income that our top officials receive. This information is not a secret. This will be another step so that we become more transparent and honest with the community,” Dubilet said at a briefing on the results of a government meeting on Thursday in Kyiv.
According to him, this information will be published on the government website. It will include the salaries of ministers and their deputies.

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NEAR KYIV EPIPHANY HOLIDAY TO BE CELEBRATED ACCORDING TO ANCIENT TRADITIONS

On January, 18 and 19 in Ancient Kyiv in the Principality of Kyivan Rus («Kyivan Rus Park») a grandiose celebration of the Epiphany Holiday according to the traditions of our ancestors will take place. The traditional Ukrainian nativity scenes, the reconstructions of ancient rites, a bright show-program with horse performances, hot drinks and dishes prepared on open fire, horse riding and Slavic winter amusements will be waiting for the guests.
Ancient Kyiv opens at 10:00. The program starts at 13:30.
The ticket price: a full adult ticket – 190.00 UAH, for pensioners and students – 150.00 UAH; for schoolchildren – 80.00 UAH, for preschool children – for free.
Ancient Kyiv in the Principality of Kyivan Rus is not far from modern Kyiv – only in a 45-minutes’ drive – in the Kyiv region, Obukhiv district, vill. Kopachiv.
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for the adult ticket (at full price) to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

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EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT INVESTS EUR1.1 BLN IN 51 PROJECTS IN UKRAINE IN 2019

The European Bank for Reconstruction and Development (EBRD) invested EUR1.1 billion in 51 projects in the public and private sectors of Ukraine in 2019, EBRD Senior Adviser for External Affairs Anton Usov has said.
“Last year, among the countries of EBRD operations, Ukraine ranked second in terms of investments and first in the number of signed projects. Some EUR680 million of the total investment in Ukraine in 2019 was assigned to the “green” category [projects with an environmental component], which is the highest figure among all EBRD countries,” he said on Facebook.
The EBRD is the largest international financial investor in Ukraine. Since the beginning of its activity in the country in 1993, the bank has financed 445 projects for a total amount of almost EUR14.6 billion.

UKRAINIAN VEHICLE MANUFACTURERS PRODUCE 7,265 VEHICLES IN 2019

Ukrainian vehicle manufacturers in 2019 tentatively produced 7,265 vehicles, which is 10% more than in 2018, the Ukrautoprom association has reported.
At the same time, the output of passenger cars last year increased 10.5%, to 6254 cars and all of them were manufactured at the Eurocar factory (in 2018 also, with the exception of one car made at ZAZ), buses production grew by 5%, to 875 units, commercial vehicles and trucks – by 3%, to 136 units (excluding AvtoKrAZ, which has ceased to disclose information about production since August 2016).
According to the association’s statistics, the lion’s share (126 units) in the production of commercial vehicles belongs to JSC Cherkasy Bus, which increased their production by 2.6 times, while ZAZ reduced it by 82.5%, to 15 units.
Cherkasy Bus is also a leader in the production of buses: over the past year, 441 buses were produced (the same as in 2018). Chernihiv Automobile Plant of Etalon Corporation is second. It increased production by 7%, to 202 units, and Chasiv Yar Buses is third (94 buses compared with 107 in 2018).
Another 68 buses were produced by Bogdan Corporation (a year earlier there were 50 units made), ZAZ produced 70 units compared with 45 units in 2018.
The association said that the growth rate of vehicle production accelerated by the end of the year, which was thanks to the results of December, when vehicle production doubled compared with December 2018, to 557 units thanks to an increase of 2.2 times in the assembly of Skoda cars at the Eurocar, to 432 cars.
Only Cherkasy Bus reported on the production of commercial vehicles, where 20 vehicles were manufactured in December.
Last month, bus production increased by 38%, to 105 units, including 60 units made by Cherkasy Bus (compared with 40 a year earlier), the Chernihiv Automobile Plant made 28 buses (15), Chasiv Yar Buses manufactured 11 buses (3), and 6 buses were produced by ZAZ (11).

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 16/01/20

National bank of Ukraine’s official rates as of 16/01/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JANUARY 16

Official rates of banking metals from national bank as of January 16

One troy ounce=31.10 grams

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