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Business news from Ukraine

UKRAINE SEES 54.9% RISE IN REVENUE FROM EXPORTS OF ELECTRICITY IN 2017

Ukraine exported electricity (foreign activity code 2716) for $235.541 million in 2017, including for $13.58 million in December.
According to the State Fiscal Service, the country exported electricity to Hungary for $136.271 million, to Moldova for $54.173 million, to Poland for $34.17 million and other countries for $10.928 million.
Thus, in money terms exports of Ukrainian electricity grew by 54.9% in 2017 compared with 2016 ($152.063 million).
In addition, Ukraine imported electricity for $2.116 million in 2017, including for $2.037 million from Russia, for $0.064 million from Belarus and for $0.015 million from Moldova.
As reported, Ukraine plans in 2018 to increase exports of electricity to the EU and Moldova by 15-20%, to 5.855 billion kWh compared to about 5 billion kWh in 2017.
According to the forecast for 2018, deliveries from the Burshtyn TPP energy island to Hungary, Slovakia, Romania are estimated at 3.6 billion kWh, to Poland at 1.2 billion kWh, and to Moldova at 1.055 billion kWh.

SALES OF USED CARS IN UKRAINE 3.3 TIMES UP IN 2017 – UKRAUTOPROM

The primary market for used cars in Ukraine in 2017 grew by 3.3 times compared to 2016, to 56,744 units, the Ukrautoprom association has reported.
According to its data, the highest demand last year was observed for cars of European origin, the leader of which was Renault, heading the rating for seven months of the year. Over the year some 10,451 cars of this brand were sold. The largest share of sales was that of the Megane model (7,816 units).
Volkswagen ranked second. A total of 10,068 cars of this German brand were registered, the most popular model of which was Passat (4,688 units).
Skoda cars, which consistently held third place during the year, were registered in the amount of 6,768 units, while the best seller was Octavia (3,638 units).
The Opel brand ranked fourth. A total of 4,494 used cars of this brand were registered, and the most popular model was Opel Astra (1,902 units).
The Nissan brand, despite the weakening of positions by the end of the year (in November and December it ranked seventh), managed to remain in the top five brands with 2,924 cars registered. Most of registered used Nissan cars are electric cars Leaf (2,008 units).

Ukrenergo, Moldelectrica agree on synchronizing power systems with ENTSO-E

Ukrenergo and Moldelectrica state enterprise have agreed on their plan to synchronize the power systems with the European Network of Transmission System Operators for Electricity (ENTSO-E), the press service of Ukrenergo has said, with reference to a meeting held in Chisinau.
In particular, the parties discussed the draft operational agreement on the establishment of a regulatory unit within Ukraine and Moldova, which is one of the key tasks of the plan of synchronization with ENTSO-E, as well as the roadmap and its annexes. The implementation of the roadmap activities is planned for 2018.
“This agreement will resume all organizational and technological documents and regulations, which today ensure the parallel operation of the energy systems of Ukraine and the Republic of Moldova,” Ukrenergo noted.
As reported, in June 2017 Ukrenergo Head Vsevolod Kovalchuk signed an agreement on the conditions for the future integration of the energy systems of Ukraine and Moldova with ENTSO-E. In July the agreement came into force after it had been signed by the necessary number of European system operators.

GOVT PERMITS BIOFARMA PLASMA TO EXPORT BLOOD PREPARATIONS IN 2018

The Cabinet of Ministers of Ukraine has approved the permit to sell donor blood preparations outside the country in 2018 for Biofarma Plasma LLC.
Cabinet resolution No. 1005 dated December 27, 2017 was published in the Uriadovy Kurier newspaper on December 30, 2017.
Biofarma Plasma was permitted to export 32 medicines and medical devices.
As reported, Biofarma built a pharmaceutical plant in Bila Tserkva (Kyiv region) in 2014, investing $42 million in it.
Biofarma is among the ten largest Ukrainian drug manufactures. Biofarma produces more than 20 immunobiological preparations of blood, as well as drugs obtained by recombinant DNA technology and probiotics.