The Business Week for the week of January 18-24, 2021

The Business Week for the week of January 18-24, 2021


The EBRD invested  EUR 812 million in Ukraine in 2020

The European Bank for Reconstruction and Development (EBRD) remains one of  the largest institutional investors in Ukraine, having invested nearly EUR 14.5 billion in 482 projects to date.

During 2020 the EBRD invested EUR 812 million in Ukraine.

“The European Bank for Reconstruction and Development (EBRD) responded to the COVID-19 pandemic in Ukraine by providing EUR 812 million in investment in 2020. In terms of annual investment, Ukraine ranked third among the Bank’s countries of operation after Turkey and Egypt,” reads the bank’s press release.


The SPFU plans to raise UAH 12 bln from privatization

The State Property Fund continues to successfully implement a privatization program defined by Ukrainian Government. The SPFU set an ambitious goal to raise UAH 12 bln from privatization this year. The SPFU will launch large-scale privatization this year if parliament will lift the ban on conduction of auctions.

Among a wide portfolio of State assets, the SPFU highlighted top 100 privatization objects, which include sea ports, grain companies, Kyiv Machine building plant and the United Mining and Chemical Company.

United Mining and Chemical Company to be auctioned this spring

United Mining and Chemical Company is one of the world’s leading producers of titanium raw materials. In 2020 the company will achieve 6 times higher net profit (amounted to UAH600 million) compared to 2019 and its estimated assets value is nearly UAH 3,4. According to the Director General at State Geologic and Subsoil Survey of Ukraine Roman Opimakh, the tender is to be held this spring.

In addition the SPFU will announce more than 500 small scale privatization auctions of state property and other assets. State Property Fund planning to hold auctions for 51 strategic privatization objects in 2021 via Ukraine’s highly praised ProZorro state procurement platform. ProZorro is a transparent digital platform that allows for open and competitive tenders.

Ukraine’ pig iron exports is up by 20% y-o-y in 2020

In 2020 Ukraine’s pig iron exports witnessed a 20.3% year-on-year increase, reaching 3.1 million metric tons according to the Steelorbis news site. The value of these exports rose by 15% year-on-year to 922.2 million. The U.S. keeps its leading position among the main importers of the Ukrainian pig iron, accounting for 58.5% of the total export value in 2020, with China and Turkey accounting for 21.8% and 5.9% accordingly.

Ukrainian retail volumes rise in 2020

Despite the coronavirus lockdowns, Ukrainian consumer spending continues to rise, according to the new figures released by the State Statistics Service. 

Retail trade figures adjusted for inflation show a 8.4% year-on-year increase during 2020. The biggest increases during the first eleven months of 2019 came in Kyiv region (19% increase), Zaporizhzhia region – 16% and Chernihiv region -14%

Rating of Ukrainian Startups – 2020

The development of Ukraine’s IT industry is also fueling the growth of a vibrant startup scene that is proving globally competitive.

The list of internationally successful Ukrainian startups in 2020 includes Restream, Mobalytics,, Allset, DMarket, and many more. Read more about top 5 most successful Ukrainian  startups in 2020 according to Mind. UA

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