Business news from Ukraine

Business news from Ukraine

UKRAINIAN METAL COMPANIES DECREASE EARNINGS FROM EXPORTS OF FERROUS METALS BY 10%

Ukrainian metal companies saw a fall of 10% in foreign currency revenues from exports of ferrous metals in January-August 2019 year-over-year, to $6.3 billion.
According to customs statistics published by the State Fiscal Service, the share of ferrous metals of total income from exports was 19.08% compared to 22.65% from a year ago.
In August 2018 alone, receipts from ferrous metal exports amounted to $685.679 million.
In January-August 2018, Ukraine decreased imports of similar products by 4.4%, to $857.252 million including imports reaching $115.525 million in August.
In January-August 2018, Ukraine decreased metal products exports by 2.1%, to $713.87 million including August deliveries being $76.452 million. During this period, imports of metal products grew by 21.8%, to $728.858 million, including August imports worth $100.982 million.
As reported, in 2018 Ukraine saw its forex earnings from ferrous metal exports rise by 23.8%, to $9.937 billion. Ukraine saw imports of these products increase by 20.4%, to $1.367 billion.
Ukraine experienced a 23.8% rise in metal products exports, up to $1.11 billion. Metal imports grew by 19.9% last year, to $967.674 million.

ENERGY EFFICIENCY FUND PLANS TO FINANCE OVER 16,000 ENERGY-EFFICIENT MODERNIZATION PROJECTS WITHIN 5 YEARS

The Energy Efficiency Fund plans within five years to finance over 16,000 projects under the Energodom program to support energy-efficient modernization for homeowner associations, Director of the fund Yulia Holovatiuk-Ungureanu has said.
“Our Energodom program began its work on September 3. We are starting the phase of project implementation. We plan that by 2023 almost 9,000 projects will be implemented, and by 2025 more than 16,000 projects,” the director of the fund said during the presentation of the Energodom program on Wednesday.
According to her, by the end of 2025, gas savings due to energy-efficient modernization will amount to 1.5 billion cubic meters.
The Minister of Development of Communities and Territories of Ukraine Olena Babak said that energy-efficient modernization will reduce the level of thermal energy consumption for the “light” package by 20%, for the “complex” package – by 60%.
In addition, 720 energy auditors have passed certification to date, and over the next two years their number should grow to 5,000, Hennadiy Zubko, Deputy Prime Minister and Minister of Regional Development, Construction, Housing and Utilities Economy in 2014-2019, said.

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UKRAINIAN CABINET WANTS TO MAKE GOVT BUILDING AS OPEN AS POSSIBLE

The Cabinet of Ministers of Ukraine is studying information on measures that can be taken to facilitate the movement of workers and visitors through the territory of the Government House.
“We are now studying with our security services how open the government building and the courtyard can be. We really want to open it as much as possible,” said Prime Minister Oleksiy Honcharuk at a briefing after a government meeting on Wednesday.
According to him, the result will be visible throughout the week.
At the same time, an Interfax-Ukraine agency correspondent reported that several checkpoints on the floors of the Government House had already been removed.

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UKRAINE RAISES CHEESE IMPORTS BY 1.6 TIMES TO $57.27 MLN

Ukraine in January-August 2019 exported 4,340 tonnes of cheese, which is 19.5% less than in the same period in 2018.
According to customs statistics released by the State Fiscal Service, in monetary terms exports amounted to $15.64 million, which is 22% less than the figure for the eight months of 2018.
At the same time, cheese imports in January-August 2019 amounted to 12,500 tonnes, which is 1.6 times more than the figure for the same period in 2018. In monetary terms, imports rose by 49.5%, to $57.27 million.
Export of butter from Ukraine in January-August of this year decreased by 34.3%, to 14,100 tonnes, in money terms by 37.2%, to $58.1 million. Import of this product, according to the service, rose by 33%, to 950 tonnes ($5.28 million).
In January-August, export of milk and cream (condensed) rose by 9.5%, to 29,170 tonnes. Ukraine supplied condensed milk and cream for a total of $61.85 million against $43.77 million in January-August 2018. Imports of this group of goods decreased by 6.6%, to 1,330 tonnes ($2.91 million).

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DNIPRO INTERNATIONAL AIRPORT SEES 11% RISE IN PASSENGER FLOW

The Dnipro international airport (Dnipro) in January-August 2019 saw an 11.7% rise in passenger traffic year-over-year, to 223,800 people.
According to the airport website, in August 2019, passenger traffic amounted to 35,900 people, which is 12.9% more than the August figure of last year.
As reported, President of Ukraine Volodymyr Zelensky during a working trip to Dnipropetrovsk region on July 12 promised that the issue of reconstruction of the airport will be resolved in Dnipro. “We will do and help you. There will be funds, because we understand what an airport means for a city with population of one million people,” the head of state said.
The Cabinet of Ministers of Ukraine in June 2019 allocated UAH 200 million for the reconstruction of the runway of the Dnipro International Airport.
The Dnipro International Airport (formerly Dnipropetrovsk) has been operating since 1943. It became an independent enterprise only in 2011. It is located 5 km southeast of Dnipro city.

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BELARUSIAN PRESIDENT LUKASHENKO: BELARUS TOGETHER WITH RUSSIA OR UKRAINE COULD HOST OLYMPIC GAMES

Belarus could host Olympic Games together with Russia or Ukraine, Belarusian President Alexander Lukashenko said.
“Of course, it is hard for us to compete with giants, but we can host the Olympics together with, let us say, Ukrainians or Russians,” the BelTA state news agency cited Lukashenko as saying in Brest.
Facilities for the Olympic Games are ready in Belarus, he said. “We’re going to build the national soccer stadium and a facility for water sports now, and soccer remains. Russia has the infrastructure for soccer. We can easily host the Olympics with them. And here, in Belarus, we can host mostly the Summer Olympics with the help of Russians or Ukrainians. They have facilities we’re lacking,” Lukashenko said.
Belarus hosted the Second European Games in June.

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