Page 41 - UKRRptMay21

the sale will go to paying $20mn in back taxes and wages.
The first of seven state-owned flour mills is to be privatized through auction on May 7, the State Property Fund reports. Often called ‘bakeries’ these Soviet-era complexes mill wheat and corn into flour and animal feed. Located alongside railroad tracks, the seven ‘kombinats’ have elevators with a total storage capacity of 634,000 tons, about 1% of the nation’s total. Of the seven going up for sale, four are working and three are nonworking. The first auction will be of a working one, Dunayevets Bakery in Khmelnitsky Region. The starting price is $6.7mn.
Odesa’s 12-story Victoria Hotel will be put up for auction on April 29 by the Deposit Guarantee Fund. Located a 10-minute walk from Arcadia beach, this Black Sea hotel has 229 rooms. The starting price is $7mn. The hotel is one of 862 assets that the Fund will be selling as it liquidates Misto Bank. This Odesa bank was declared insolvent in December 2020.
7.0 FX
Ukraine FX
Mar 2020
Apr 2020
May 2020
Jun 2020
Jul 2020
Aug 2020
Sept 2020
Oct 2020
Nov 2020
Dec 2020
Jan 2021
Feb 2021
Mar 2021
Currency (units per EUR) (average)
29.34
29.54
29.16
30.03
31.32
32.55
33.03
33.35
33.53
34.29
34.33
33.70
33.07
Currency (units per USD) (average)
26.52
27.18
26.77
26.79
27.33
27.52
28.02
28.33
28.31
28.17
28.22
27.88
27.79
During the first quarter, the Central Bank of Ukraine purchased a net $220.5mn to smooth out foreign exchange fluctuations. As the hryvnia strengthened in the first week of April, the bank sold $50mn, reported the National Bank of Ukraine website. Since the start of the year, the hryvnia has appreciated by 2%, achieving the current rate of 27.8 hryvnia/dollar.
Demand for dollars hit a 4-year high during the recent military standoff
between Russia and Ukraine, Bohdan Danylyshyn, chairman of the National Bank of Ukraine, announced on the banks Facebook page. Since the start of April, Ukrainians bought $422mn more dollars than they sold, according to Central Bank figures. By comparison, the figure in March was $182mn. After Russia’s defence Minister promised on Thursday to withdraw troops from positions near Ukraine, the hryvnia strengthened against the dollar by 0.5%.
41 UKRAINE Country Report May 2021 www.intellinews.com