Business news from Ukraine

Business news from Ukraine

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 01/06/21

National bank of Ukraine’s official rates as of 01/06/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JUNE 1

Official rates of banking metals from national bank as of June 1

One troy ounce=31.10 grams

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UKRAINIAN DTEK CONSIDERING POSSIBILITY OF EXPANDING ITS OIL AND GAS BUSINESS

DTEK is considering the possibility of expanding its oil and gas business in Ukraine, CEO of the company Maksym Timchenko has said in an interview with the Ekonomichna Pravda edition.
“We are constantly studying the deposits of all available players on the market. That is, we are open to expanding our business, without exception, with all players, including state-owned companies. If there are such opportunities not only for acquisitions, but also for joint activities, some kind of joint projects in exploration and production, we are ready for this,” he said.
According to Timchenko, in particular, the assets of Geo Alliance group for DTEK are “a potential area of our interest.” At the same time, he did not comment on the details of the negotiations.
As reported, in 2020 DTEK Oil and Gas increased natural gas production by 10.8% (by 180 million cubic meters) compared to 2019, to 1.84 billion cubic meters. In 2021, the company plans to increase gas production to 2 billion cubic meters.
Geo Alliance produced 203 million cubic meters of gas in 2020.
Geo Alliance is under the mandate of the international investment and consulting group EastOne, which unites the assets of Victor Pinchuk. In 2012, EastOne announced a strategic partnership between Geo Alliance and Arawak Energy Ukraine BV, part of the Vitol group of companies, one of the largest operators in the world energy market.

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IRANIAN DELEGATION ARRIVES IN UKRAINE

An Iranian delegation led by Deputy Foreign Minister Mohsen Baharvand arrived in Kyiv for talks on the Ukraine International Airline (UIA) flight PS752 shot down near Tehran in 2020, Iranian Ambassador to Kyiv Manuchehr Moradi said.
“A delegation from the Islamic Republic of Iran led by Mr. Mohsen Baharvand […] arrived in Ukraine today to discuss the third round of talks between the two countries on the technical and legal aspects of the tragic disaster of the Ukrainian PS752,” Moradi said on Twitter.

UKRAINE REGISTERS ASTRAZENECA VACCINE AGAINST COVID-19 FOR EMERGENCY USE

On May 31, the Ministry of Health of Ukraine registered a European-made AstraZeneca vaccine against COVID-19 for emergency medical use, according to the agency’s website.
The vaccine, developed by Oxford University and the British-Swedish company AstraZeneca, is reportedly manufactured in Italy and has the trade name AstraZeneca. The AstraZeneca emergency vaccine has already been approved by the World Health Organization and has also been approved by the UK, EU, India and Canada.
By the end of the week, within the framework of the global COVAX initiative, 705,600 doses of the AstraZeneca vaccine will arrive in Ukraine. It will be intended for vaccination with a second dose of those who have already passed the 12-week interval after the first vaccination, in particular, doctors and healthcare workers, JFO participants, social workers, clergymen, employees of the Ministry of Internal Affairs, the Security Service of Ukraine, persons aged 65+. Also, the second dose of the vaccine is guaranteed to people who were vaccinated with residual doses or public figures.

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SAUDI ARABIAN AIRLINES ENTERS UKRAINE

Flynas Airlines (Saudi Arabia) enters the Ukrainian market with regular flights between Ukraine and Saudi Arabia.
The Infrastructure Ministry of Ukraine said on Facebook that on May 31 a meeting was held between Minister of Infrastructure Oleksandr Kubrakov and CEO of Flynas Bander Al-Mohanna.
“Each new flight is, first of all, new opportunities for development of business, tourism and Ukraine’s integration into world markets. That is why the increase in regular routes of direct flights is among the priorities of the ministry. We want Ukraine to become a major international air hub, and such steps make us closer to this goal,” Kubrakov said.
Previously, Ukraine did not have regular direct flights with Saudi Arabia. For the flight, a transfer was needed through Istanbul, Doha or Dubai.
Flynas is Saudi Arabia’s leading low cost airline with a fleet of 30 aircraft. The airline operates over 1,200 flights weekly to 35 domestic and international destinations. The airline has recently entered into an agreement with Airbus to purchase 120 new aircraft for a total value of $8.6 billion.

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