Business news from Ukraine

Business news from Ukraine

NUMBER OF ENERGY EFFICIENCY LOANS INCREASES IN UKRAINE

Apartment building co-owners associations are demonstrating a growing interest in energy efficiency measures in 2018 compared to last year, as evidenced by the results of June, the State Agency for Energy Efficiency and Energy Saving has said. “More than 300 apartment building co-owners associations raised UAH 90 mln in energy efficiency loans this June, which is five times [or 80%] higher than last June. Around 90 associations received UAH 18.5 mln in energy efficiency loans then,” the state agency’s press service reported on July 8, 2018.
The agency also said that the monitoring of the program implementation has shown homeowner associations’ greater interest in getting energy efficiency loans as well as their growing trust and confidence in the mechanism of co-financing energy efficiency measures.
Some 930 homeowner associations raised UAH 260 mln in energy efficiency loans over two and a half months in 2018, which is almost twice as much as UAH 140 mln – the sum of money they received for heat insulation projects throughout 2017.
“The apartment building co-owners associations should continue preparations for the next heating season and insulate their houses with the help of energy efficiency loans,” Chairman of the State Agency for Energy Efficiency Serhiy Savchuk said and added that benefits of the loan program included the opportunities to save the costs of energy efficiency measures, reduce utility bills and increase the value of apartments in modernized buildings.

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UKRAINE INCREASES CHEESE IMPORT AND CUTS CHEESE EXPORT IN H1

Ukraine exported 3,870 tonnes of cheese in January-June 2018, which was 6.1% less than in the same period in 2017.
According to customs statistics released by the State Fiscal Service (GFS), cheese exports in monetary terms increased by 1.1%, to $14.51 million.
Cheese imports in January-June 2018 totaled 5,460 tonnes, which is 26.3% higher than the same period in 2017. Cheese imports in monetary terms increased by 42.1%, to $ 27.17 million.
Exports of creamery butter from Ukraine in January-June 2018 increased by 40.3%, to 17,210 tonnes. This indicator in monetary terms increased by1.7 times, to $73.99 million. Butter imports grew by 2.2 times, to 516 tonnes ($ 3.4 million).
Exports of condensed milk and cream in January-June 2018 decreased by 25.4%, to 17,400 tonnes. Ukraine shipped condensed milk and cream worth $28.93 million abroad, this is compared to $40.41 million in January-June 2017. Imports of this group of products increased by 1.6 times to 1,000 tonnes ($2.47 million).
As reported with reference to customs statistics, Ukraine in 2017 exported 9,050 tonnes of cheese, which is 12% more than in 2016. Imports of cheese into the country rose by 42%, to 10,000 tonnes.

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TWO COMPANIES FOUNDED BY AMERICAN AND LITHUANIAN CITIZENS TO BUILD WIND POWER PLANTS IN ODESA REGION

Ukraine Power Resources and Yuzhne Energy intend to build wind power plants with an installed capacity of 120 and 72 megawatts in the Lymansky district of Odesa region, the press service of the Ukrainian Wind Energy Association (UWEA) has said, following the signing of a memorandum between these companies and Odesa Regional State Administration.
According to UWEA estimates, the total investment in these two projects will be about EUR 270 million.
The press service did not say when the projects would be implemented.
Ukraine Power Resources was founded by American Peter A. Gish and Yuzhne Energy by Lithuanian Egidijus Simutis.

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EUROPEAN INVESTMENT BANK TO GRANT UKRAINE EUR 75 MLN LOAN FOR ROAD SAFETY

Ukraine and the European Investment Bank (EIB) on the margins of the Ukraine-EU summit in Brussels on Monday signed an agreement on the allocation of a EUR 75 million loan for the implementation of the project on improving road safety in Ukrainian cities. “The EIB allocates EUR 75 million, which will be received by five largest cities in Ukraine – Dnipro, Kyiv, Lviv, Odesa and Kharkiv,” the press service of Ukraine’s Deputy Prime Minister for European and Euro-Atlantic Integration Ivanna Klympush-Tsintsadze reported.
The EIB said in a press release due to the signing of the agreement that in addition to the loan, an EU grant of EUR 4.25 million will be provided as part of the so-called Neighborhood Investment Facility (NIF), allocated for the preparation of the project, development and monitoring.
The executor of the project is the Ukrainian Infrastructure Ministry, and the recipients of financial assistance from the EIB are the authorities of these cities. Investment will be directed to eliminate the most dangerous sections by creating better interchanges and modern transport systems, as well as improving intersections and updating the road infrastructure, the bank said.
According to the bank, other changes planned within the project will include the development of a network of safe bike and pedestrian paths, urban transport planning system, introduction of speed limits in residential areas and school areas, and the introduction of an IT-based traffic management system.

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