Business news from Ukraine

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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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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