Business news from Ukraine

UKRAINE’S SEAPORTS WILL ACCEPT RECORD VOLUME OF DIESEL FUEL – EXPERT

Ukraine’s seaports, whose share in import deliveries of diesel fuel is rapidly growing amid the introduction of duties on Russian resources supplied by pipeline, will have to accept a record volume of diesel fuel in the amount of 150,000 tonnes in October, director of A-95 Consulting Group (Kyiv) Serhiy Kuyun said on Facebook.
According to him, to date, the record volume fixed in the autumn of 2015 was 130,000 tonnes.
Kuyun said that in September the share of seaports in the structure of import deliveries was 20%, whereas a year earlier it was 10%. The share of fuel supplies from Belarus is 53% (against 36% in September 2018), Russian deliveries by rail 6% (against 3%), Russian deliveries through Gomel 12% (against 9%), and Lithuania’s share some 9% (against 8%).
“After the tense first half of September, when the price of diesel fuel increased by more than 11% due to deficit, the market was balanced by the end of the month even with a slight surplus. It will come in handy in October, when supplies from Belarus are expected to fall due to the halt of Mozyr oil refinery,” the expert said.
The required amount of fuel, he said, will be covered by increasing supplies through seaports, oil refining by Ukrtatnafta, and railway deliveries from Russia.
Commenting on the market price situation in September, he noted that the cost of diesel fuel is not yet striving to decrease.

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VOLUME OF CONSTRUCTION WORK IN UKRAINE 8.9% UP

The volume of construction work in Ukraine in August 2019 increased by 8.9% compared to August 2018, while in July 2019 from July 2018 this figure rose by 14.5%.
According to the State Statistics Service, the data are given excluding the occupied territory of Crimea and Donetsk and Luhansk regions.
According to the statistics agency, the volume of construction work in August 2019 decreased by 11.5% compared with August 2019, while this figure grew by 3.3% compared to June 2019.
According to the State Statistics Service, in August 2019 compared with August 2018, the volume of work increased in nonresidential and engineering construction. According to the unadjusted data, the growth in nonresidential construction was 21.8%, and in engineering some 10.4%. The decline in in residential construction was 11.5%.
In addition, the service said that in August, the volume of work in construction of residential buildings compared with July decreased by 27.8%, engineering structures by 11.9%, and nonresidential increased by 2.4%.
In January-August 2019 compared with January-August 2018, the drop in the volume of construction work was recorded in three regions of Ukraine, in particular, in Ivano-Frankivsk (9.7%, to UAH 1.767 billion), Cherkasy (by 0.8%, to UAH 1.054 billion) and Odesa (by 8.8%, to UAH 9.31 billion).
The largest growth in the volume of construction works during the eight months of 2019 was recorded in Vinnytsia (2.1 times, to UAH 4.805 billion), Chernihiv (1.68 times, to UAH 1.026 billion), and Kherson regions (1.45 times, to UAH 1.132 billion).
In Kyiv, the volume of construction work over the eight months of this year increased by 24.7% and amounted to UAH 23.084 billion.

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VOLUME OF SOLD INDUSTRIAL PRODUCTS IN UKRAINE 5% UP IN JAN-JULY 2019

Industrial products (goods, services) worth UAH 1.485 trillion were sold in Ukraine in January-July 2019, which is 5.2% more than in January-July 2018 (UAH 1.411 trillion), in particular abroad for UAH 406.371 billion, the State Statistics Service has said.
According to the agency, in July 2019 compared with July 2018 the turnover of sold industrial products grew by 4.4%, from June 2019 by 0.6%. At the same time, sales in mining industry in July 2019 rose by 15.2% compared with July 2018 (by 8.1% compared with June 2019), in processing industry by 2% (a fall of 1.1% compared with June 2019).
In the total volume of industrial products sales in January-July 2019, the largest share was that of processing industry (63.4%), the supply of electricity, gas, steam and conditioned air (18.6%), metallurgical production and production of finished metal goods (16.9%), and mining and quarrying (16.8%).

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VOLUME OF CONSTRUCTION PRODUCTION BY TYPE IN JAN-JUNE, 2019

Volume of construction production by type in Jan-June, 2019

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VOLUME OF MONEY TRANSFERS TO UKRAINE EXCEEDS AMOUNT OF FUNDS SENT ABROAD BY 6.5 TIMES

The volume of money transfers to Ukraine using international money transfer systems in January-June 2019 exceeded the amount of funds sent abroad by 6.5 times. According to the website of the National Bank of Ukraine (NBU), the share of transfers to Ukraine from the United States was 15%, from Israel 8%, from Russia 9%, from Italy 14%, from Poland 11%, from other countries (202 countries) some 43%.
In the first half of 2019, the volume of remittances using money transfer systems created by both residents and non-residents was as follows: to Ukraine some $1.099 billion in equivalent (23.23% of the total amount of transfers), outside Ukraine some $168 million in equivalent (3.54% of the total amount of transfers), within Ukraine some UAH 93.28 billion, or equivalent of $3.465 billion (73.23% of the total amount of transfers).
This data does not include information on transfers made through banks, card payment systems and post offices.
The volume of domestic transfers through money transfer systems in the first half of 2019 increased by 33.5% compared to the same period of 2018.
The predominant amount of domestic transfers (90%) is implemented by systems created by non-banking institutions.
Almost 68.2% of domestic transfers accounted for two systems of money transfers: Forpost (Post Finance LLC) and Mail Transfer (Poshtovy Perevod, Ukrposhta).

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VOLUME OF CONSTRUCTION PRODUCTION BY TYPE BY REGION IN JAN-MAY 2019 (MLN.UAH)

Volume of construction production by type by region in jan-may 2019 (mln.Uah)

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