Business news from Ukraine

Business news from Ukraine

Khyzhnyak becomes Olympic boxing champion in 80 kg weight category

Ukrainian Oleksandr Khyzhnyak has won the title of Olympic champion in the final of the boxing competition in the 80 kg weight category at the 2024 Olympic Games in Paris.
In the final, Khyzhnyak defeated Nurbek Oralbay of Kazakhstan by a split decision.

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NNEGC Energoatom to repair two more nuclear power units this year

NNEGC Energoatom is to repair two more nuclear power units this year in preparation for the upcoming heating season, said the company’s acting chairman of the board Petro Kotin.

“We have two more power units left to repair this year, which will be in the grid until November, and we will operate all nine units in the OOP, as we announced earlier,” Kotin said at a press conference during a visit to one of the nuclear power plants on Wednesday, answering questions from Energoreforma.

He also noted that the company managed to reduce the duration of repairs by more than 40 days to return the units to the grid faster.

“After the Russian occupation of Zaporizhzhia NPP, Energoatom has three nuclear power plants – Rivne, Khmelnytsky and South Ukrainian NPPs with a total capacity of 9 power units of 7.8 GW. The company indicated that the repair of one more of them, in addition to the above two, is likely to be postponed until next year.

Source: https://interfax.com.ua/

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Loss of late crops may be up to 15% – Vysotsky

Losses of late crops due to drought may amount to 10-15%, acting Minister of Agrarian Policy and Food Taras Vysotsky said during a national telethon.

“There are two main types of crops – early and late. If we are talking about the harvest of wheat, barley, peas, rapeseed, rye, oats, millet, this is the early group. It was affected by the heat wave, but not critically. The worst impact was recorded in the southeastern regions, but in general, we actually reached the previously forecasted figure (gross harvest – IF-U) for these crops, which is 2-3% lower,” he said.

The acting minister reminded that the group of crops with late ripening periods includes sunflower, corn and sugar beet. They are harvested mainly in the fall.

“This is likely to have a more negative impact of abnormal temperatures. It will be possible to determine the exact impact only after the harvest, but today it looks like the harvest of these crops may be reduced by up to 10-15%. There are regions where there will be no reduction, where there was sufficient rainfall to make it easier to cope with this abnormal heat. But there are regions where the impact is critical,” explained Vysotsky.

The acting minister added that the exact figures of crop losses due to the 2024 heat wave will be known in September-October, when the bulk of the harvest is collected.

Ukrnafta elects full composition of Supervisory Board

Ukrnafta has elected the full composition of the Supervisory Board. Kateryna Kuznetsova, an independent member of the Supervisory Board, joined the team.

“The company is actively implementing the OECD corporate governance principles to ensure maximum efficiency of all processes in line with the best international practices, including gender balance and professional expertise,” said Sergiy Koretsky, CEO of Ukrnafta.

The composition of the Supervisory Board of PJSC Ukrnafta has been updated:

Kateryna Kuznetsova – independent director (member). She has more than 25 years of experience in international audit firms, having worked her way up from a junior consultant to a senior manager at ERNST & YOUNG (Australia); worked as a general manager of the finance department of the corporate center of SingTel Optus (the 2nd largest telecommunications operator in Australia); and was a director of the Capital Markets Group at PwC (UK).

Timothy Dodson is an independent director (member). With over 40 years of experience in mining and geology, he was Executive Vice President at Equinor and currently chairs the Board of Directors of Ennox Technology Sdn Bhd, Norway.

Duncan James Nightingale is an independent director (member). He has more than 30 years of experience in the oil and gas industry and is an international expert in the search for oil and gas reserves in Latin America, Europe, Africa and the Middle East.

Liudmyla Darahan is a representative of the state. State Secretary of the Ministry of Defense of Ukraine. Prior to that, she worked as Deputy Head, and before that as Chief of Staff of the State Property Fund. She was also the State Secretary of the Ministry of Veterans Affairs.

Roza Tapanova is a representative of Naftogaz of Ukraine and a member of the Supervisory Board of Oschadbank. She has over 16 years of experience in law. Honored Lawyer of Ukraine.

The company has united in its management bodies highly qualified professionals, including those with extensive international experience in geology, production, audit, law and management.

We work together every day to develop the industry and achieve Ukraine’s energy independence.

Source: https://www.ukrnafta.com/v-ukrnafti-obrano-povnyj-sklad-naglyadovoi-rady

Dynamics of export of goods in Jan-Apr 2024 by most important

Dynamics of export of goods in Jan-Apr 2024 by the most important

Source: Open4Business.com.ua

Deputy Head of Office of President of Ukraine meets with newly appointed Ambassador of India

Deputy Head of the Office of the President of Ukraine Ihor Zhovkva met with the newly appointed Ambassador of the Republic of India to Ukraine Ravi Shankar and congratulated him on the start of his diplomatic mission, the President’s website reported on Wednesday.

“During the meeting, the parties discussed the implementation of the Peace Formula and preparations for the second summit. The parties paid special attention to issues of bilateral cooperation, in particular in the humanitarian and economic spheres, as well as in the fields of education and culture,” the statement said.

The head of the President’s Office thanked the ambassador for India’s participation in the first Peace Summit. Zhovkva and Shankar also coordinated a schedule of further contacts at the highest level.