Business news from Ukraine

Business news from Ukraine

UKRENERGO RESTRICTS IMPORTS OF ELECTRICITY OVER LOW DEMAND

National Energy Company Ukrenergo with continued low demand on electricity in the unified power transmission system of Ukraine restricts imports of electricity as much as possible, Ukrenergo Head Vsevolod Kovalchuk has said.
“In the unified power transmission system, we have a situation of reduced demand: due to weather and a low level of industrial production. Therefore, we almost completely limit the opportunities for importers by making adjustments to schedules: during night hours is zero imports and for daylight hours a small amount of imports,” he said at a meeting of the national energy regulator on Tuesday.
The head of Ukrenergo also said that, given the current situation, it is difficult to predict the likelihood of return of large volumes of electric energy imports to the unified power transmission system before the end of December.
“Until the end of December, it is very difficult to predict whether there will be significant volumes of imports that we observed in the first half of October,” Kovalchuk said.
According to Interfax-Ukraine, imports from Belarus, after its termination on December 2, resumed in small volumes on December 7. In the last two days it has been 350 MW, excluding the period from midnight to 8 am, when it is zero.
Imports from Russia, which stopped on December 5, are still completely absent.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF DECEMBER 12

Official rates of banking metals from national bank as of December 12

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 12/12/19

National bank of Ukraine’s official rates as of 12/12/19

Source: National Bank of Ukraine

SECONDARY INVESTMENTS IN COMMERCIAL REAL ESTATE IN KYIV AND SUBURBS IN JAN-JUNE AMOUNTES $131 MLN

Secondary investments in commercial real estate in Kyiv and the suburbs in January-June 2019 amounted to $131 million, while at the end of 2018 this figure was $328 million, according to a study by Cushman & Wakefield consulting company. According to the company, the main areas of investment in the first half of the year were office and retail real estate.
For the nine months of 2019, secondary investments in office real estate in Kyiv and the suburbs increased by 6% compared to the same period in 2018, to $89 million. At the same time, investments in logistics real estate decreased by 58%, to $10 million.
According to the analysis, profitability rates of high-quality facilities in January-September slightly decreased (by 0.5 percentage points), but generally remained at the level of indicators for 2018. Thus, by the end of the third quarter, the indicator for offices was 11.5%, for warehouse facilities some 12.25%.
Cushman & Wakefield (formerly DTZ) was founded in New York in 1917. The company is a consultant in the field of commercial real estate with an annual income of $6 billion. Cushman & Wakefield operates in more than 70 countries, the number of employees is 45,000 people.
Prior to the global merger of Cushman & Wakefield and DTZ consulting companies in 2015, the Ukrainian office worked under the DTZ brand.

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DONBASENERGO TO IMPLEMENT SEVERAL SOCIAL PROJECTS IN MYKOLAIVKA UNITED TERRITORIAL COMMUNITY

Donbasenergo, abiding by socially responsible business concepts, has planned new socially and economic development initiatives for 2020-2021 to be implemented as part of collaboration with the Mykolaivka United Territorial Community.
Now, pursuant to PJSC Donbasenergo and Mykolaivka’s 2017 Memorandum of Understanding and Cooperation, the energy company undertook to develop design specifications and estimates of priority projects for the Mykolaivka Community.
The design works for the construction of an indoor arena with a 20 x 40 m mini-football field on Lesi Ukrainky Street, which started in 2019, will be completed in 2020. Consideration is being given to designing an indoor all-season hockey field over time and arranging it on the site of the existing winter arena, next to the Energetik Sports Centre.
Next year, projects will be implemented on Shkilnyi Provulok (lane), Sviatomykolaivska Street, Muzychna Street of Mykolaivka to overhaul external lighting networks. The total amount of design work for these projects prepared by Donbasenergo is UAH 0.4 million. NEFCO International Finance Organization provides the funding for implementing them.
Over UAH 1 million was Donbasenergo’s cost of developing projects to improve Mykolaivka’s transportation infrastructure. Major repairs are expected on the road surface on Sichovykh Striltsiv Street (from Voiniv Internatsionalistiv Street to Petrenka Street), along Myru Street (from Yevropeiska Street to the Central District Hospital), on Lesi Ukrainky Street (from Mykolaivska Street to Svieshnykova Ploshcha (Square)), on Yevropeiska Street (from Myru Street to Lesi Ukrainky Street.) The projects will be spinned up through a subvention from the State Regional Development Fund.
Major repairs are expected in the infectious diseases building of Sloviansk Central District Hospital (Mykolaivka, 13 Myry Street), Mykolaivka I-III stage comprehensive school No. 1 (4 Synetskoho Street) and preschool educational institution No. 43 of Mykolaivka on 43 Myry Street.
SE Ukrderzhbudekspertyza’s Pytna Vodytsia (Potable Water) project on the rehabilitation of the centralized water supply system to meet the demand for Mykolaivka potable water is also ready for deployment.
PJSC Donbasenergo is now at the forefront of Donbas’s revival and is developing business that will mould the East of Ukraine’s future and help address the present-day economic challenges.
For reference: As of November 01, 2019, 60.86 % holder of PJSC Donbasenergo is ENERGOINVEST HOLDING Private Joint Stock Company, 25 % + 1 share are held by the state represented by the State Property Fund of Ukraine, 14.14 % holders are other minority shareholders.
PJSC Donbasenergo unites two power plants: Sloviansk and Starobeshevo TPP (the latter has been located in the territory beyond the control of Ukraine since 2014). Since March 2017, due to the suspension of management, annual performance indicators of assets located in the temporarily occupied Donetsk region are not included in Donbasenergo records of accounts.
The installed capacity of Sloviansk TPP is 880 MW.

«WINTER FAIRY TALE» SHOW CYCLE IS OPENING NEAR KYIV

On December, 14 and 15 Kyiv in the Principality of Kyivan Rus («Kyivan Rus Park») invites to the opening of the «Winter fairy tale» New Year`s program for children and adults, which will last till the Epiphany holiday on January, 19.
On December, 19, on the Saint Nicholas Day, the inhabitants of the Principality are inviting to meet this kind and loved by all Saint.
The show-program with the participation of the horse-trick theatre and costumed characters, horse riding, medieval drinks and hot dishes prepared on fire, winter amusements, the festive location, master-classes, the New Year gifts fair, flash-mobs, games and the drawing of gifts will be waiting for the guests.
Ancient Kyiv opens at 10:00. The program starts at 13:30.
The ticket price: a full adult ticket – 190.00 UAH, for pensioners and students – 150.00 UAH; for schoolchildren – 80.00 UAH, for preschool children – for free.
Ancient Kyiv in the «Kyivan Rus Park» is located in the vill. Kopachiv, Obukhiv district, Kyiv region. Route taxis leave from Kyiv from the «Vydybitchi» metro station.
Detailed information on the website www.parkkyivrus.com
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for the adult ticket (at full price) to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

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