Business news from Ukraine

Business news from Ukraine

DONBASENERGO COUNTS ON IMPROVEMENT OF RULES ON POWER MARKET

PJSC Donbasenergo counts on continuation of initiatives of the regulator, profile ministries and the Verkhovna Rada committee to introduce the best global practices in the operation of the new electricity market, which would allow stabilizing the operation of electricity generating companies. According to a press release of the company, Donbasenergo notes the importance of the initiatives already implemented regarding price adjustment in the balancing market, which made it possible to provide this service without incurring losses.
“At the same time, the market situation for electricity generating companies remains difficult, in particular, only in December, the company’s losses amounted to UAH 130 million,” the company said.
Donbasenergo expressed the hope that the Ministry of Energy and Environment Protection, the regulator, the Verkhovna Rada committee on energy, housing and utilities will continue implementing the best global practices, and companies operating in the electricity generation market will be able to avoid artificially lower prices as well as unprofitable work in the future,” the company said in the press release.
Donbasenergo operates Starobesheve (located in the occupied territory) and Sloviansk thermal power plants (TPPs).
PrJSC Energoinvest Holding owns 60.86% of shares in Donbasenergo, and the state holds 25% of the shares in the company.

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UKRAINE GETS 43 PLACE IN WORLD RATING OF PASSPORT INDEX

Ukraine has reduced its position in the ranking of world passports by two points at the end of 2019, according to the Henley & Partners Passport Index.
According to the report, over the past year, Ukrainian citizens received the right to visit Bahrain and Saudi Arabia without visas, but at the same time visa-free access for Ukrainians to Benin and Djibouti was stopped. Thus, the number of countries that Ukrainians can visit without a visa or with a visa upon arrival remained unchanged at 128, and the position in the ranking shifted from 41 to 43, which was shared with Nicaragua.
The leader of the rating for the third year in a row remains Japan, whose citizens can visit 191 countries without a visa. Singapore ranks second, while the third place is shared by South Korea and Germany.
Italy ranked fourth in the ranking, and three countries at once were fifth, including Denmark, Luxembourg, and Spain. The United States and the UK, who led the rating five years ago, fell to the eighth place.
The last place in the ranking was taken by Afghanistan, whose citizens can visit 26 countries without visas.

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BELARUS PLANS TO RESUME EXPORTS OF OIL PRODUCTS TO UKRAINE

The Belarusian state petrochemical concern Belneftekhim intends to resume exports of oil products in January, Belneftekhim Deputy CEO Vladimir Sizov said.
“The resumption of [exports of oil products] is expected in January,” the state news agency BelTA quoted Sizov as saying on Saturday.
The resumption of exports “depends on how rhythmically and quickly the contracts are concluded,” he said.
“We expect that all possible restrictions will be lifted by the end of January – at least this is an optimistic scenario,” Sizov said.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 08/01/20

National bank of Ukraine’s official rates as of 08/01/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JANUARY 8

Official rates of banking metals from national bank as of January 8

One troy ounce=31.10 grams

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