Business news from Ukraine

Business news from Ukraine

UKRAINIAN METAL AND MINING ENTERPRISES INCREASES INCREASES ROLLED STEEL OUTPUT BY 3% YEAR-OVER-YEAR

Ukrainian metal and mining enterprises in January-September 2018 tentatively increased rolled steel output by 3% year-over-year, to 13.844 million tonnes. According to the Ukrmetallurgprom association, steel smelting grew by 1%, to 15.767 million tonnes, and cast iron output increased by 5%, to 15.288 million tonnes.
The production figures of enterprises in January-September 2018 were higher in comparison with the same period in 2017 not taking into account two months of work of the enterprises in the Ukrainian government’s uncontrolled area: rolled steel output grew by 6%, steel – by 4%, and cast iron – by 9%. In September 2018, Ukrainian metal companies produced 1.657 million tonnes of cast iron (96.3% to the previous month), 1.787 million tonnes of steel (100%), and 1.57 million tonnes of rolled steel (103%).
As reported, Ukrainian metal and mining enterprises in 2017, taking into account the two months of operation of the enterprises on the government uncontrolled areas, reduced steel output by 12% year-over-year, to 21.284 million tonnes, rolled steel – by 14%, to 18.439 million tonnes, and cast iron – by 15%, to 20.035 million tonnes. In 2016, Ukraine boosted steel output by 6% year-over-year, to 24.2 million tonnes, cast iron – by 8%, to 23.6 million tonnes, and rolled steel – by 6%, to 21.4 million tonnes.

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UKRAINIAN TOUR OPERATOR GTO TRAVEL AND KAZAKH KOMPAS MERGE

The Ukrainian tour operator GTO Travel and Kazakh Kompas have announced a merger and the beginning of work under the single brand Kompas.
Kompas CEO Anna Solovyova said at a press conference in Kyiv the company’s cooperation has begun and has been successfully continuing for several years.
“We have been cooperating for several years, during which we have implemented joint projects and gradually came to consolidation. This is not a new stage, it’s just an official announcement to become more transparent,” she said.
According to her, Kompas is committed to a transparent business.
“We have far-reaching plans. Of course, not this year and not the next one, but I want to get to an IPO, this is goal number one for me. I want to make tourism transparent and honest. We are striving for this. Therefore we are trying to consolidate and open up,” she said, noting that in 2017 the company entered the Kyrgyz market.
According to Head of GTO Travel Mykhailo Tiurin, the GTO Travel brand will be removed from use.
“It looks like the investment of the Kazakh tour operator in the Ukrainian one. The legal entity in Ukraine won’t change, it will include new founders, a consolidated management body will appear,” he said.
GTO Travel tour operator (Kyiv) was established in 2004. Its founders are Mykhailo Tiurin, Volodymyr Tiurin, Olena Tiurina, and Oleksandr Tiurin.
The company sends tourists to 61 countries.

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REGULATOR REGISTERS POSTAL OPERATORS EURO UKRPOSHTA, SKY LOGISTICS

The National Commission for Communications and Informatization Regulation (NCCR) has placed information about Euro Ukrposhta LLC (Chernivtsi) and Sky Logistics LLC (Kyiv) to the unified public register of postal operators.
According to a posting on the website of the commission, the decision was made on October 2, 2018.
Euro Ukrposhta provides services for receiving, processing, transporting and delivering postal items, performs user orders for postal money transfers throughout Ukraine (except for the government uncontrolled territories) as well as internationally from the territory of the European Union and the Middle East: Israel, Turkey, Egypt and Syria.
Sky Logistics provides services of receiving, processing, transporting and delivering postal items, performs user orders for postal orders throughout Ukraine (except for the government uncontrolled territories).
According to the public register of companies and individual entrepreneurs, Euro Ukrposhta has a charter capital of UAH 5,000 and registered in Chernivtsi. The company’s owners are two individuals: Roman Makoviychuk and Oleksandr Timush.
The company Sky Logistics has a charter capital of UAH 48,000 and registered in Kyiv. Its founder is individual Oleksiy Hryniuk.
In February, PJSC Ukrposhta turned to Euro-Ukrposhte LLC with a proposal to inform its customers that the latter is not related to the state-owned enterprise.

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ENERGY MINISTRY PREDICTS GROWTH OF ELECTRICITY CONSUMPTION IN 2019 BY 1.7%

The forecast balance of electricity of Ukraine for 2019 approved by Ukraine’s Energy and Coal Industry Minister Ihor Nasalyk on September 28, 2018, envisage growth of electricity consumption by 1.7% (2.5 billion kWh) compared with the projected figures for 2018, to 153.5 billion kWh.
According to the document, the export of electricity is provided in the amount of 6.42 billion kWh, which is 9.5% higher than the figure in the forecast balance of 2018 (5.855 billion kWh).
The improvement in the forecast is due to the expected growth in supplies to Moldova (a rise of 2.4%, to 1.08 billion kWh), Poland (a rise of 20%, to 1.44 billion kWh) and from Burshtyn Island ( a rise of 8.3%, up to 3.9 billion kWh).
Electricity imports in 2019, as in the current year, are not planned.
The following sources remain the main sources of covering demand for the next year: NPPs – 83.045 billion kWh (a fall of 1.5% compared with the 2018 balance), TPPs – 50.837 billion kWh (a rise of 4.1%), CHPP and cogeneration plants – 12.544 billion kWh (a rise of 6.4%), HPPs – 8.9 billion kWh ( a fall of 0.6%).
It is planned that alternative sources (wind farms, solar power plants and other plants) will increase the production of electricity by 72.4%, to 3.5 billion kWh, blocking stations – by 1.2%, to 1.626 billion kWh, while pump storage power plants’ generation will be reduced by 22.1%, to 1.412 billion kWh.

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