TIU Canada seeks to acquire two projects on construction of solar power plants in Odesa region, TIU Canada CEO Michael Yurkovich has said in an interview with Ukraine Business News during the World Economic Forum in Davos.
Thus, the Canadian company continues implementing the strategy to invest $100 million in the construction of solar power plants in Ukraine until the end of this year, he said.
The company has already built a solar power plant with a capacity of 10.5 MW in Nikopol and is building another one in Mykolaiv region with a capacity of 13.5 MW. By the end of the year it is planned to begin construction of four more in Odesa and Mykolaiv regions.
TIU Canada began its activity in Ukraine in June 2017. Its owner is the investment company Refraction Asset Management (Calgary, Canada).
Enterprises of the State Forest Resources Agency of Ukraine sold 472,800 New Year trees in 2018 for UAH 32.8 million, Director General of the forestry innovative and analytical center of the State Forest Resources Agency of Ukraine Viktor Melnychenko has said in an interview with Interfax-Ukraine.
He said that the average price of one tree was UAH 69.
“With this level of sales, enterprises of the State Forest Resources Agency grow about 15 million trees. Thus, there is no harm to society or the environment from production of trees. At the same time, the market potential is much greater: about 10 million trees, if we assume that Ukraine has 40 million people [living in the country],” Melnychenko said.
He also said that in recent years, the State Forest Resources Agency has grown more trees in pots.
The aggregate state (direct) and state-guaranteed debt of Ukraine in December 2018 increased by 4.77%, or by $3.56 billion, to $78.32 billion, according to the website of the Ministry of Finance. In the national currency the state debt rose by 2.17% or UAH 46.15 billion, to UAH 2.169 trillion. In 2018, the total state (direct) and state-guaranteed debt in U.S. dollar terms increased by 2.46%, or by $2.02 billion, in hryvnias – by 1.26%, or by UAH 26.95 billion.
The Finance Ministry said that the public debt in December increased by 0.8%, to UAH 1.86 trillion (in U.S. dollars it increased by 3.36% to $67.19 billion), while the external debt decreased by 0.47%, to UAH 1.099 trillion (in U.S. dollars increased by 2.05%, to $39.71 billion).
In December 2018, state-guaranteed debt grew by 11.32%, to UAH 308.13 billion (in U.S. dollars it increased by 14.15%, to $11.13 billion), including external debt by 12.22% to UAH 297.81 billion (in U.S. dollars by 15.07%, to $10.76 billion).
The ministry also reported that the principal amount of public debt is denominated in U.S. dollars, 43.96%, another 29.13% in hryvnia, 16.59% in special drawing rights (SDR), and 9.21% in euros. In addition, less than 1% of government debt is denominated in Canadian dollars and yen.
The official hryvnia exchange rate, according to which the Ministry of Finance calculates the debt, in December strengthened to UAH 27.69/$1 from UAH 28.39/$1, or by 2.47%, whereas by the end of 2017 it was UAH 28.07/$1.
The volume of construction work performed in Ukraine in 2018 increased by 4.4% compared with 2017, while growth in 2017 compared with 2016 was 26.3%, according to reviewed statistics. According to the State Statistics Service, the data are given excluding the occupied territory of Crimea and the temporarily uncontrolled territories in Donetsk and Luhansk regions.
According to the agency, the volume of construction work performed in December 2018 decreased by 8.8% compared with December 2017, while compared with November it grew by 36.7% (according to seasonally adjusted data it declined by 3.2%).
According to the report, in 2018 compared with 2017 the volume of construction work decreased only in residential construction – by 1.6% (a rise of 16.3% in 2017 on 2016).
Nonresidential construction in 2018 rose by 1.2% (26.1% in 2017) and in engineering – by 9% (31.7% in 2017).
In 2018 compared with 2017, an increase in the volume of construction work was recorded in 14 regions of Ukraine, while in Kyiv there was a drop of 3.5%, to UAH 30.1 billion.
According to the State Statistics Service, the largest increase in this indicator was seen in Vinnytsia (by 42.6%, to UAH 5.5 billion), Donetsk (by 32.6%, to UAH 5.3 billion) and Cherkasy (by 18.2%, to UAH 1.9 billion) regions.
The decline in construction work in 2018 by 2017 was recorded in Kirovohrad (by 16.7%, to UAH 1.6 billion), Luhansk (by 16.3%, to UAH 0.6 billion) and Mykolaiv (by 14.3%, to UAH 2.8 billion) regions.
