Business news from Ukraine

VITALI KLITSCHKO TO HOLD EXHIBITION FIGHT AGAINST LENNOX LEWIS IN KYIV

Kyiv Mayor Vitali Klitschko, who was crowned the “Eternal World Heavyweight Champion” by the WBC, will again fight former world champion Lennox Lewis as part of the 56th WBC Congress to be held in Kyiv from September 30 to October 5, 2018. “This will be an exhibition fight, which will be held as part of a charity auction. The details of the auction and the format of the bout have not been publicized yet,” reads a report posted on the website of the official fan club of the Klitschko brothers.
A well-known fight between Klitschko and Lewis took place on June 21, 2003. A dramatic bout was stopped by the doctor after the Ukrainian boxer sustained a deep cut above his left eye. Klitschko was ahead 58-56 on the scorecards when the fight was stopped. Lewis defended his champion title thanks to that victory, a rematch was not held, and the Briton soon ended his career.

, , ,

UKRAINE IMPORTS OIL FOR $227 MLN IN JAN-JUNE 2018

Ukraine decreased imports of crude oil (foreign trade code 2709) by 3.3% or 14,071 tonnes in January-June 2018 year-over-year, to 416,520 tonnes.
The State Fiscal Service reported that oil for $227.374 million was imported, which is 24.4% more than in January-June 2017 ($182.777 million).
Ukraine in January-June 2018 imported crude oil for $214.112 million from Azerbaijan, $7.176 million from Algeria, $4.018 million from Iran and $2.067 million from other countries.
The country did not export crude oil in January-June. As reported, Ukraine in 2011 imported 5.826 million tonnes of oil for $4.384 billion, in 2012 – 1.544 million tonnes for $1.233 billion, in 2013 – 761,058 tonnes for $630.282 million, in 2014 – 178,613 tonnes for $146.533 million, in 2015 – 248,158 tonnes for $89.039 million, in 2016 – 515,954 tonnes for $173.835 million, in 2017 – 1.013 million tonnes of oil for $442.219 million.

,

NATIONAL BANK STUDYING EXPEDIENCY OF ISSUING ELECTRONIC HRYVNIA

The National Bank of Ukraine (NBU) is technically ready to issue the electronic hryvnia, although the central bank continues studying the expediency of issuing it, head of the financial sector reform department at the NBU Yevhen Stepaniuk has said. “A pilot project on the technical issue of the electronic monetary unit of Ukraine has been launched. From the technical point of view, there is a high level of readiness, but from the point of view of the expediency of issuing and going beyond the pilot’s limits, this issue is still being studied,” he said at a roundtable at the NBU on Thursday.
As reported, at the end of 2016, the NBU launched a research project on the possible introduction of e-hryvnia – the national currency based on blockchain technology.
According to the regulator, e-hryvnia can allow minimizing transaction costs for transferring money from one player in the payment market of Ukraine to another and simultaneously to conduct them with almost instantaneous speed.

,

HUNGARY, POLAND, MOLDOVA LEADERS OF ELECTRICITY IMPORTS FROM UKRAINE

Ukraine in January-June 2018 exported electricity worth $160.663 million, including $23.485 million in June alone. Hungary bought electricity worth $97.355 million, Poland $39.004 million, Moldova $20.483 million, other countries $3.821 million, Ukraine’s State Fiscal Service has said.
Exports of Ukrainian electricity in monetary terms in January-June-2018 increased by 17.8% compared to the same period in 2017 ($136.351 million).
Over the period under review, Ukraine imported electricity worth $0.803 million, in particular, electricity imports from the Russian Federation were estimated at $0.766 million, from Belarus at $0.035 million, from Moldova at $0.002 million.
As reported, Ukraine plans in 2018 to increase exports of electricity to the EU and Moldova by 13.3% from 2017 to 5.855 billion kWh. According to the forecast for 2018, deliveries from the Burshtyn TPP energy island to Hungary, Slovakia, Romania will be 3.6 billion kWh, to Poland 1.2 billion kWh, and to Moldova 1.055 billion kWh.

, , , ,