Business news from Ukraine

VOLUME OF CONSTRUCTION WORK IN UKRAINE IN MAY INCREASES BY 15.7%

The volume of construction work performed in Ukraine in May 2019 increased by 15.7% compared with May 2018, while the indicator in April 2019 compared with April 2018 rose by 29.4%. According to the agency, the volume of construction work performed in May 2019 increased by 6.3% compared with April 2019 (according to seasonally adjusted data decreased by 4.1%), while in April 2019 it dropped by 4.1% compared with March 2019.
According to the report, in May 2019 compared with May 2018 the volume of construction work decreased only in residential construction and in engineering – by 13.4% and 25.6% respectively.
Nonresidential construction in May 2019 rose by 28.9%.

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VOLUME OF CROP RECEIPTS IN UKRAINE IN 2019 EXCEEDS UAH 6.5 BLN

The volume of crop receipts since early 2019 as of May 31, 2019 totaled UAH 6.5 billion, according to a posting on the Facebook page of state-owned enterprise (SOE) Agroregisters. According to the enterprise, a total of 991 crop receipts were registered in January-May 2019.
Since the start of the introduction of the project in Ukraine in 2015, a total of 1,842 crop receipts for UAH 12.9 billion were registered. Over 900 farmers with different land banks used the tool.
“In the first five months of 2019, farmers received more than UAH 6.5 billion from crop receipts, most of which was spent on spring field work. For comparison, the same figure for 2018 was almost 66% lower and amounted to UAH 2.2 billion,” the enterprise said.
Agroregisters said, with reference to the preliminary forecasts of the Ministry of Agricultural Policy and Food, that the cost of the sowing campaign in 2019 was approximately UAH 134.2 billion, of which UAH 120 billion is provided by own funds of agro-industrial enterprises, and another UAH 15 billion are raised from external sources.
The Crop Receipts project in Ukraine is being implemented by International Finance Corporation (IFC), a member of the World Bank Group, in partnership with the Swiss Confederation. The practical application of crop receipts began in 2014 in Poltava region. Soon other regions of the country joined this financial tool.

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VOLUME OF SERVICES RENDERED BY UKRAINE’S ENTERPRISES 2.7% UP IN Q1 2019

The volume of services rendered by enterprises in Ukraine in January-March 2019 amounted to UAH 215.2 billion, which in comparable prices is 2.7% more than the level of the same period in 2018, according to the State Statistics Service of Ukraine.
According to its data, the volume of services rendered to the population was 21.1% of the total volume of services provided.
The authority recalled that in January-March 2018, the volume of services rendered by enterprises in Ukraine grew by 3%, in April-June 2018 – by 5.8% and in July-September 2018 – by 4.8%.

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VOLUME OF CONSTRUCTION WORK IN UKRAINE 30% UP IN APRIL

The volume of construction work performed in Ukraine in April 2019 increased by 29.4% compared with April 2018, while the indicator in March 2019 compared with March 2018 rose by 29.7%.
The State Statistics Service said that the data are given excluding the occupied territory of Crimea and the temporarily uncontrolled territories in Donetsk and Luhansk regions.
According to the agency, the volume of construction work performed in April 2019 decreased by 4.1% compared with March 2019 (according to seasonally adjusted data by 3.2%), while in March 2019 it grew by 3% compared with February 2019.
According to the report, in April 2019 compared with April 2018 the volume of construction work decreased only in residential construction and in engineering – by 3.1% and 44.5% respectively.
Nonresidential construction in April 2019 rose by 41%.

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VOLUME OF VENTURE INVESTMENT IN UKRAINE 30% UP IN 2018

The volume of venture capital attracted by Ukrainian companies and startups in 2018 amounted to $336.9 million, which is 30.3% more than in 2017, according to a review of the Ukrainian Venture Capital and Private Equity Association (UVCA).
According to the document prepared in partnership with Deloitte, the number of transactions increased by 29% and reached 115.
UVCA notes that venture capital funds focused on transactions on the seed stage, the number of which increased to 21 from 11, and the average check for such transactions with the announced investment volumes rose by almost 90%, to $918,000.
The survey also states that the number of transactions and the volume of investments in 2018 grew during the pre-seed, seed and growth development stages.
According to UVCA, the most active investments are received by companies from the sectors that are least exposed to political risks – online services, software, hardware, marketplace, and e-commerce.
According to the document, in 2018 there were seven M&A transactions for a total of more than $25 million (this figure was first included in the report), as well as seven angel investments in startups worth $900,000. Last year’s largest transactions in the market were Gitlab with $100 million and BitFury with $80 million.
The Ukrainian Venture Capital and Private Equity Association (UVCA) was created to disseminate information about investment opportunities in Ukraine and multi-vector support of investors.

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