Ukraine's auto industry is shrinking

Source : 112 Ukraine

In January, the production of passenger cars fell by almost 27% (compared to the same period last year)
08:45, 11 February 2021

Open source

In January 2021, the enterprises of the Ukrainian automotive industry produced 604 units of vehicles, which is 29% less than in the same period last year. This was reported by the Association of Automobile Manufacturers of Ukraine (Ukravtoprom).

"Most cars that were produced last month are light vehicles - 576 units. ZAZ produced 325 cars, and Eurocar - 251 cars. Despite the fact that this January statistics in this segment were formed by two companies - ZAZ and Eurocar (not one company as it was last year), the production of passenger cars fell by almost 27% year on year,” the statement said.

Related: Industrial production in Europe reaches its lowest level in 25 years

As we reported earlier, Ukraine is obliged to pay 5.8 billion dollars in foreign debt by the end of this year.

It is reported that the peak of payments will be in September: during this period, the country will pay 20.71 billion hryvnias (746 million dollars) on external public debt and 81.4 billion hryvnias (2.9 billion dollars) on external public debt.

In June - 59.97 billion hryvnias (2.1 billion dollars) in foreign debt and 17.11 billion (616.3 million dollars) hryvnias in domestic debt. In March - 78 billion hryvnias (2.8 billion dollars) in foreign and domestic debts.

Related: Ukraine produces its first-ever bulletproof vest in line with NATO standards


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