Business news from Ukraine

Business news from Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF OCTOBER 09

Official rates of banking metals from national bank as of October 09

One troy ounce=31.10 grams

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RATIO OF FERTILITY AND MORTALITY BY REGION AS OF JAN-JUNE, 2020

Ratio of fertility and mortality by region as of Jan-June, 2020.


Source: SSC of Ukraine

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UKRAINIAN HOTELIERS ESTABLISH ASSOCIATION

Ukrainian national hotel operators and companies in the field of development and management of hotels and resorts with the support of the public union Visit Ukraine have united into the Ukrainian Hotel & Resort Association (UHRA).
“The Association is aimed at creating favorable conditions for sustainable recovery and development of the hotel industry as part of the tourist infrastructure of Ukraine, participating in the development and implementation of state policy for the development of tourism as one of the most promising sectors of services, including on the international market,” the association said in the Facebook social network.
The association includes hotel and resort operators Premier Hotels and Resorts, Reikartz Hotel Group, Ribas Hotels Group, Vertex Hotel Group, DEOL Partners, Edem Resort Medical & Spa, ArtBuild Hotel Group, and Burford.
The association plans to participate in the development of national standards for the provision of hotel services and bring them to international standards, as well as in government programs for the development of the tourism industry, to develop economic instruments to support the industry to save jobs.

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NAFTOGAZ EXPECTS PROFIT IN 2021-2024

NJSC Naftogaz Ukrainy plans to make profit based on the results of its activities in 2021-2024, the press service of the company has told Interfax-Ukraine.
Earlier, the Ministry of Finance of Ukraine published a report on fiscal risks and their impact on the state budget, in which it predicted that under the baseline scenario, Naftogaz will receive losses in the amount of UAH 4.3 billion in 2020, and UAH 7.5 billion in 2021, UAH 5.5 billion in 2022, and UAH 4.4 billion in 2023. According to the optimistic scenario for 2020-2023, the Ministry of Finance also expects extremely unprofitable activities from Naftogaz.
At the same time, Naftogaz notes that the draft financial plan assumes profitable activities in 2021-2024. The process of updating forecasts for 2021-2025 is underway.
“Like any other company, Naftogaz must consider the impact of the pandemic on our operations, the markets in which we operate, and on our customers. There are several important factors that can affect the results, but are outside the company’s control. This is the impact of the pandemic on the demand for energy in Ukraine and in the world, the severity and duration of quarantine, the resolution of the problem of accumulated debts of market participants, payment discipline, etc.,” the press service said.
“We are closely following Ukrainian and world statistics, recommendations of the leading analysts and legislative initiatives in the preparation and adjustment of our actions. So, despite the market situation, in the first half of the year we initiated a revision of capital and other costs to reduce expenses and increase efficiency,” the company said.
As reported, Naftogaz Ukrainy posted net loss in January-June 2020.

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UKRTRANSNAFTA INCREASES OIL TRANSIT TO EUROPE

Crude oil transit through Ukraine by pipelines to European countries and Belarus in January-September 2020 increased 5.5% (by 517,200 tonnes) compared to the same period in 2019, to 9.885 million tonnes, according to the data of JSC Ukrtransnafta.
The volume of oil transportation to refineries of Ukraine during this period amounted to 1.911 million tonnes, which is 8.7% (153,600 tonnes) more than in January-September 2019. Including oil transportation along the Odesa-Kremenchuk pipeline amounted to 839,000 tonnes (a rise of 32.2%).
Thus, in the first nine months of this year, the share of transit volume of the total oil transportation (11.796 million tonnes) amounted to 83.8%, the share of pumping to the country’s refineries – 16.2%.
In September 2020, oil transit through Ukraine by pipeline transport decreased 6.7% (by 90,200 tonnes) compared to the same month last year, to 1.255 million tonnes.
Pumping to Ukrainian refineries last month decreased 13.6% (by 32,100 tonnes),to 204,000 tonnes, including transportation of Ukrainian oil amounted to 112,100 tonnes, Azerbaijani oil – 76,800 tonnes, WTI oil – 15,100 tonnes.

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WINDROSE LAUNCHES FLIGHTS FROM KYIV TO LJUBLJANA

Windrose Airlines (Kyiv) will start operating flights on the Kyiv-Ljubljana route from Boryspil International Airport (Kyiv region) from October 24.
The flights will be operated twice a week on board Embraer-145 and ATR72-600 aircraft, the company’s press service said.
In addition, Windrose offers transit to Ljubljana from Lviv, Kharkiv, Dnipro and Odesa.
The company notes that from October 1, Ukrainians can cross the border with Slovenia without observing a ten-day self-isolation period if there is a negative PCR test for COVID-19, made no earlier than 48 hours.
Windrose was founded in 2003. In 2007, it received an operator certificate and began to perform regular and charter flights under the Windrose Airlines brand.
In 2019, Windrose carried 1.4 million passengers with an average of 28 daily flights.

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