Business news from Ukraine

Ukraine’s public debt to GDP ratio from 2009 to 2023 (UAH mln)

Ukraine’s public debt to GDP ratio from 2009 to 2023 (UAH mln)

Source: Open4Business.com.ua

Internal and external debt of Ukraine in 2010-May 2024

Internal and external debt of Ukraine in 2010-May 2024

Source: Open4Business.com.ua

“DTEK” repaired 9.2 thousand kilometers of transmission lines

In the first half of 2024, distribution system operators of DTEK Grids repaired about 9.2 thousand kilometers of power lines of various voltage classes and 3.3 thousand substations and distribution points of various voltage levels.
“The works were carried out as part of the repair and investment program. The DSOs also invested more than UAH 2.2 billion in the renovation of power facilities in the first half of the year,” the energy holding said in a press release on Friday.
According to the document, despite the full-scale hostile aggression, the planned works are carried out every year to ensure the stability of the power grids during peak loads in the autumn and winter.
In particular, DTEK’s specialists have already reconstructed four distribution points and modernized 17 substations.
The company noted that due to the use of stabilization outage schedules, power equipment wears out and breaks down faster, so the amount of investment required increases.
“In the first half of 2024, the total investment since the beginning of the year under the investment program amounted to more than UAH 2.2 billion. By the end of the year, we plan to invest an additional UAH 2.6 billion in the development and renewal of the energy infrastructure,” said Oleksandr Fomenko, CEO of DTEK Grids, quoted in the press release.
According to DTEK Grids, the energy company continues to replace outdated meters with expiring service life by installing smart meters instead. In particular, in January-June, the company replaced 89.5 thousand meters, and plans to replace another 91.9 thousand meters by the end of the year.
In order to prepare for the heating season 2024/25 as efficiently as possible, the company also called on companies servicing apartment buildings – housing offices, condominiums and management companies – to inspect their equipment, carry out the necessary maintenance and eliminate possible malfunctions. “According to statistics, people were left without electricity in their homes in 25% of cases on average due to accidents in the adjacent networks,” DTEK explained.
“DTEK Grids develops the electricity distribution and power grid operation business in Kyiv, Kyiv, Dnipro, Donetsk and Odesa regions. The energy holding’s DSOs serve 5.5 million households and 158 thousand enterprises.

Agrarians have threshed almost 32 mln tons of crops for 2024 harvest

Agrarians in all regions of Ukraine have already harvested 31.821 million tons of new crops from 7.946 million hectares, the press service of the Ministry of Agrarian Policy and Food reported on Friday.
According to the report, more than 28.5 million tons of grains and 3.4 million tons of oilseeds have already been harvested.
It is specified that 21.7 million tons of wheat have been harvested from 4.846 million hectares at a yield of 44.7 c/ha, barley – 5.5 million tons from 1397.4 thousand hectares at a yield of 39.2 c/ha, peas – 458.5 thousand tons from 207.6 thousand hectares at a yield of 22.1 c/ha, buckwheat – 2.4 thousand tons from 1.4 thousand hectares. tons from 1.6 thousand hectares at a yield of 14.4 c/ha. tons from 207.6 thousand hectares at a yield of 22.1 c/ha, buckwheat – 2.4 thousand tons from 1.6 thousand hectares at a yield of 14.4 c/ha, millet – 9.5 thousand tons from 5.32 c/ha at a yield of 17.9 c/ha.
Ukraine continues to harvest oilseeds. In particular, more than 3.4 mln tons of rapeseed have been harvested from 1227.6 thou hectares with a yield of 27.2 c/ha and 1 mln tons of soybeans from 0.7 thou hectares with a yield of 27.4 c/ha. In Mykolaiv region, the harvesting of sunflower has started, with 3.8 thou tons harvested from 4.2 thou hectares at a yield of 9 c/ha.
In terms of grain harvesting, agrarians in Odesa region are leading the way with 1075.7 thou hectares harvested. Khmelnytsky region is the leader in terms of yield, with 65.5 c/ha. Dnipropetrovs’k region started harvesting soybeans on 0.65 thou hectares with a yield of 15.2 c/ha. Farmers in Mykolaiv region have started harvesting sunflower.

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Nissan has opened new dealership in Ukraine

A new dealership center of the Nissan automotive brand, Avtosvit Mykolaiv, opened in August in Mykolaiv, according to a press release from Nissan Motor Ukraine.

The dealership complex with an area of more than 1,000 square meters, built according to Nissan standards, has a service center with nine stations, and the showroom presents the entire model range officially available on the Ukrainian market.

The car center also offers a trade-in program, as well as services for special credit, leasing and insurance programs.

The press service of the distribution company told Interfax-Ukraine that Avtomir Mykolaiv became Nissan’s new partner in Mykolaiv instead of the previous partner, which ceased operations.

“Prior to that, Avtomir Mykolaiv cooperated with another brand in this center, so the center was not built from scratch,” the press service said.

Nissan’s dealer network in Ukraine currently includes 29 centers.

According to the website of Nissan Motor Ukraine, the Juke (including the updated one), Qashqai, X-Trail, and Nissan Leaf electric car are officially presented in Ukraine.

According to Auto-Consulting, in July of this year, the Nissan car brand took the fifth place in the ranking of the best-selling cars in Ukraine, with sales of 335 cars against 238 units in June of this year and a market share of 5.54%.

In 2023, 2071 cars of this brand were sold in Ukraine, up 73.6% year-on-year, with the passenger car market growing by 62.4% to 65.086 thousand units.

“Nissan Motor Ukraine started operations in April 2005 and acts as an importer and distributor of Nissan and Infiniti in Ukraine.

Vadym Stolar’s company buys Kyiv-based Avtomekhbaza state motor transport enterprise at auction

Tower Group LLC, the beneficiary of which is businessman and politician Vadym Stolar, has purchased the only property complex of the state motor transport enterprise Avtomekhbaza in Kyiv at a privatization auction.

According to information on the Prozorro website, Tower Group offered UAH 80.5 million for the asset at a starting price of UAH 31.9 million (excluding VAT).

The lot includes administrative premises and garages with a total area of about 1.7 thousand square meters, as well as a fleet of cars.

The company’s debt to the budget for the first quarter of 2024 is UAH 528.1 thousand, according to the State Property Fund.

According to Opendatabot, the owners of Tower Group are Genesis (89%) and Phoenix (11%), with Stolar listed as the ultimate beneficiary.

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