Business news from Ukraine

SEAPORTS OF UKRAINE BOOS FREIGHT HANDLING BY 13% IN JAN-JUNE

Seaports of Ukraine in January-June 2019 handled 72.213 million tonnes of freight, which was 13.2% up year-over-year.
In January-June this year, grain transshipments totaled almost 24.5 million tonnes, which was 34.7% more than over the same period last year, the Ukrainian Sea Ports Authority (USPA) said on its website.
Handling of ore increased by 26.6% to almost 16.5 million tonnes. Also, transshipments of vegetable oil saw a 12.4% increase in the first half of 2019, to 3.167 million tonnes.
According to the USPA, the total volume of transshipments of imported chemical and mineral fertilizers over the six months of the year was over 562,000 tonnes, which was 16.9% higher than the same indicator of the previous year.
During this period, exports increased by almost 9.4 million tonnes (20.3% up) year-over-year and imports grew by almost 11 million tonnes (by 0.4% up), while transit shipments decreased by almost 5 million tonnes (14.9%).
Container handling in January-June 2019 increased by 18.4% to 463,200 twenty-foot equivalent units (TEU).
In 2018, Ukraine’s seaports handled over 135 million tonnes of freight, which was 2.4 million tonnes up on 2017.

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ZELENSKY CRITICIZES ARCELORMITTAL KRYVY RIH FOR ENVIRONMENTAL POLICY

President of Ukraine Volodymyr Zelensky has criticized the Mining and Metallurgical Combine PJSC ArcelorMittal Kryvyi Rih (Dnipropetrovsk region) for failing to fulfill its commitments to improve the environmental situation in the region and urged to provide targeted financial support to people affected by harmful emissions into the atmosphere.
“If this program has been postponed for five years and not agreed with the citizens, I would like to ask you if you can consider some financial compensation for residents of Kryvy Rih, who have suffered for five years, to help them with treatment? I think that the municipality can help us find a list of people who, unfortunately, fell ill with cancer over the years,” he said at a meeting on the environmental situation in Kryvy Rih and Dnipropetrovsk region in Kryvy Rih on Friday.
According to Zelensky, over the past five years, an average of 25,000 people have appeared in Kryvy Rih, who have had cancer in one form or another.

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ODESA SEAPORT BOOSTS FREIGHT HANDLING BY 12%

The Odesa seaport handled 12.084 million tonnes of freight in January-June 2019, which was 12.3% up year-over-year. During this period the port increased the handling of freight for export by 14.6%, to 9.089 million tonnes, for import by 6.6%, to 2.253 million tonnes, the Ukrainian Sea Ports Authority said. The transshipment of coastal freight tripled, to 85,690 tonnes At the same time, transshipment of transit freight decreased by 4.5%, to 655,430 tonnes.
In January-June 2019, the handling of bulk cargo at the Odesa seaport grew by 4.1%, to 799,380 tonnes, dry cargo by 20.5%, to 4.998 million tonnes, packaged cargo by 7.6%, to 6.286 million tonnes.
Container handling at the Odesa seaport in January-June 2019 totaled to 302,304 TEU (an increase by 6.4%).

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SECURITY SERVICE OF UKRAINE CONDUCTING INVESTIGATIVE ACTIONS INTO SHOOTING ATTACK ON 112.UKRAINE TV CHANNEL

The Security Service of Ukraine (SBU), together with police and other law enforcement agencies, is carrying out urgent investigative actions and search activities in connection with the shelling of the building of the 112. Ukraine TV channel in Kyiv. “The prosecutor’s office has determined that the investigators of the SBU will conduct a pretrial investigation,” according to the SBU page on Facebook.
In the early hours on July 13, an unknown persons opened fire from a grenade launcher at the face of the TV channel’s building. No one was hurt in the shelling. A criminal case was opened on the grounds of a terror attack.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JULY 15

Official rates of banking metals from national bank as of july 15

One troy ounce=31.10 grams

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COST OF UKRAINIAN HRYVNIA IS UNDERESTIMATED BY 61% – BIG MAC INDEX

The Economist has published updated data on the rating of world currencies, the so-called Big Mac Index, according to which the cost of the hryvnia is underestimated by 61.3%, and the real rate according to purchasing power parity should be UAH 9.93 per U.S. dollar, the Ukrainian Dzerkalo Tyzhnia (Mirror Weekly) ezine said. Early this year, the Ukrainian currency was underestimated by 65.2% according to the Big Mac Index.
The Big Mac Index is an index created by The Economist based on the theory of purchasing power parity (PPP). Over the long-term, PPP theory states that currency exchange rates should equal the price of a basket of goods and services in different countries.
The official forex rate set for Ukraine’s hryvnia on July 12 is UAH 25.8 per U.S. dollar.

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