The volume of purchase of cash currency by the population in August 2019 exceeded the volume of sales by $97 million.
According to the National Bank of Ukraine (NBU), the volume of currency purchase for the second month in a row exceeds the volume of sales, while in June and May Ukrainians sold more currency than they bought.
In general, since the beginning of 2019 the population has sold $56.4 million more currency than bought.
The NBU said that in August compared with July Ukrainians reduced the purchase of foreign currency by 5.1%, to $1.424 billion, sales by 5.7%, to $1.327 billion.
ED & F Man, one of the world’s largest commodities trader, is planning to sell some of its sugar assets, Bloomberg has reported, referring to a source.
According to Bloomberg, the decision was made as the business struggles to make money amid thin industry margins.
Kyiv office of the company gave no comments on the issue. London-based office said that the company doesn’t comment on “industry speculation” and added that the company continually evaluates its business and operations and explores potential opportunities that may arise.
ED & F Man started operating in Ukraine in 2007. It owns the Zasillia sugar refinery with an annual production capacity of 50,000 tonnes. In March 2018, the company decided to suspend operations of Zasillia sugar refinery expecting a surplus of sugar on the Ukrainian market in the medium term outlook.
ED & F Man’s subsidiary, Ukrainian Sugar company, jointly with Agro-Delo agrarian trade firm started planting sugar beets for sugar production in 2012.
The regional office of ED & F Man was opened in Kyiv in March 2017 to coordinate all business processes of the company in the Black Sea region.
Over the period of its operations in Ukraine the company has invested over $150 million in development.
The Ukrainian airline SkyUp has launched flights from Kyiv to Yerevan, Varna and Burgas, according to the company’s website. According to its data, the flights will be operated with departure from Boryspil airport (Kyiv, Terminal F).
Flights on the route Kyiv-Yerevan from May 17, 2019 will be operated twice a week on Mondays and Fridays.
Kyiv-Varna flights from June 14, 2019 will be operated on Fridays, flights on the Kyiv-Burgas route from May 31 with a frequency of two or three times a week.
As reported, in 2018 SkyUp Airlines passenger traffic amounted to 442,000 people.
As of January 2019, SkyUp’s fleet included five aircraft: four Boeing 737-800 NG aircraft with 189 seats, and one Boeing 737-700 NG airplane with 149 seats.