Business news from Ukraine

Business news from Ukraine

ROAD PATCHING REPAIRS MUST REMAIN IN PAST – UKRAINIAN PRESIDENT ZELENSKY

Ukraine must refuse road patching repairs, Ukrainian President Volodymyr Zelensky has stated. “Patching repairs should be a thing of the past,” he said during a press conference on road repairs in Kyiv. According to the president, the construction and overhauls of roads should account for about 80% of all road works.
Zelensky also emphasized the importance of providing guarantees for all road construction works so that “asphalt does not disappear with snow.”
“We must build in order to destroy. To break the stereotype that Ukraine and good roads are not compatible concepts,” Zelensky said.
At the same time, the president noted that at present only 15 regions of the country had approved the list of road construction and repairs.
“We expect that local authorities will intensify their work and approve the list of construction and repair of roads. Today only 15 regions have done so … And three regions have not passed the list at all (Lviv, Zakarpattia and Sumy regions),” he said.
Zelensky also recalled that the plans for 2020 are to upgrade 4,000 km of state roads.
The government also plans in 2020 to build 2,500 km of local roads, for which UAH 22.2 billion will be allocated, or 70% more than was used last year. In general, this will allow creating about 12,000 new jobs.

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UKRAINE INCREASES EXPORTS OF TITANIUM ORE BY 12% IN JAN

Ukraine in January 2020 increased exports of titanium containing ore and concentrate in kind by 12.2% compared to 2018, to 52,400 tonnes.
According to customs statistics released by the State Fiscal Service, over the period exports of titanium ore and concentrate in monetary terms decreased by 8.6%, to $12.586 million.
Major exports were made to Mexico (23.84% of deliveries in monetary terms), Russia (18.01%) and Egypt (13.79%).
Ukraine in January 2020 imported 78 tonnes of similar products worth $55,000 from Senegal (805 tonnes for $163,000 in January 2019).
Vilnohirsk state mining and metallurgical combine (Dnipropetrovsk region), Irshansk state mining and processing combine (Zhytomyr region), Valki-Ilmenite and Mezhdurechensk Mining and Concentration Complexes (both are located in Irshansk, Zhytomyr region) are the main producers of titanium ore in Ukraine.
Dnipro-based Velta production and commercial firm built a mining and processing complex at the Birzulivske ilmenite deposit, which has a 240,000-tonne ilmenite concentrate capacity per year.
Holding company Velta Group Global Ltd. was registered in London in November 2011.

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KHARKIV INTERNATIONAL AIRPORT SEES 55% RISE IN PASSENGER TRAFFIC IN JAN

The passenger flow at the Kharkiv International Airport in January 2020 grew by 55% year-over-year, to 111,600 people.
The airport said on its Facebook page, the total number of flights was 435.
The most popular destinations were Sharm El Sheikh (Egypt), Istanbul (Turkey), Boryspil (Kyiv), Krakow, Warsaw, Gdansk (all are Poland), Vienna (Austria), Wroclaw (Poland), Dortmund (Germany) and Prague (the Czech Republic).
As reported, the passenger flow of the Kharkiv International Airport in 2019 increased by 40% compared to the same period in 2018, to 1.3 million people.
Kharkiv airport has a runway 2500 meters long and 50 meters wide. Two passenger terminals with an hour capacity of 100 and 650 people are located on its territory.
The airport through New Systems AM is operated by DCH.

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KYIV’S BUSINESS COURT UNLOCKS PREPARATIONS FOR PRIVATIZATION OF CENTRENERGO

Kyiv’s business court has annulled a ban the State Property Fund of Ukraine (SPF) from preparing for the privatization of PJSC Centrenergo, passing a ruling under a petition of the SPF on February 6, 2020.
The fund said on its website that at the end of January, the fund started the procedure of selecting investment advisors for the privatization of Centrenergo and is attracting an audit company with an impeccable reputation to conduct audit of the enterprise for 2019.
“In February, procedures to prepare a number of other large facilities for the privatization will be launched,” the SPF said.
As reported, Vitaliy Kropachev’s Ukrdoninvest LLC (Kyiv) repeatedly secured a lawsuit against the State Property Fund in the case of the privatization of PJSC Centrenergo by banning the fund from taking any actions to implement it.
Prosecutor’s office in Kyiv opened criminal proceedings on making the deliberately illegal decision to ban the privatization of PJSC Centrenergo by a judge of the business court of Kyiv.

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UKRAINE CUTS IMPORTS OF COPPER BY 16%

Ukrainian enterprises increased imports of copper and copper products in terms of money by 16.2% in January 2020 compared with similar period of 2019, to $6.888 million.
Exports of copper and copper products decreased 37.6% over the year to $3.919 million, according to customs statistics released by the State Fiscal Service of Ukraine.
In December, copper and copper products were imported to the tune of $9.995 million, and copper exports were estimated at $6.831 million.
In addition, in January 2020, Ukraine decreased imports of nickel and products made of it by 13.7%, to $7.974 million (imports in December were estimated at $5.429 million), while imports of aluminum and products made of it increased 17.2%, to $27.399 million ($32.729 million). Imports of lead and products made of it decreased by 50.5%, to $0.532 million ($1.07 million) and imports of tin and products made of it increased 35.7%, to $0.152 million ($0.353 million). Imports of zinc and zinc goods increased 15.2%, to $4.231 million ($6.805 million).
Exports of aluminum and products made of it increased 8.18% in January 2020, to $7.16 million ($7.422 million in December alone), while shipments of lead abroad increased 79.7%, to $2.507 million ($1.98 million). Exports of nickel fell by 8.6%, to $0.16 million ($0.272 million in December).
Zinc exports in January 2020 amounted to $0.003 million, while in January 2019 it was $39,000 ($0.001 million in December). Exports of tin and products made of it in January 2020 were estimated at $0.015 million ($0.008 million in December) compared to $0.003 million in January 2019.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 11/02/20

National bank of Ukraine’s official rates as of 11/02/20

Source: National Bank of Ukraine