Business news from Ukraine

Business news from Ukraine

UKRTRANSNAFTA REDUCES OIL TRANSIT BY 14% IN Q1

Transit of oil through the territory of Ukraine by pipelines to European countries and Belarus in January-March 2021 decreased by 14.2% (by 488,300 tonnes) compared to the same period in 2020, to 2.959 million tonnes, according to the data of JSC Ukrtransnafta.
In particular, transit in the direction of Budkovce (Slovakia) amounted to 1.986 million tonnes (less by 13.4% compared to January-March 2020), Fenyeslitke (Hungary) – 702,300 tonnes (less by 21.3%), Mozyr (Belarus) – 270,600 tonnes (more by 3.5%).
The volume of oil transportation to refineries of Ukraine in the first quarter of this year amounted to 526,000 tonnes, which is 11.2% (66,100 tonnes) less than in January-March 2020. In particular, oil transportation along the Odesa-Kremenchuk route amounted to 197,900 tonnes (less by 13.9%).
Thus, in 2020, the total transportation of oil through the company’s pipelines amounted to 3.485 million tonnes (less by 13.7%). The share of transit volume in it is 84.9%, pumping to the country’s refineries – 15.1%.
In March 2021, oil transit through Ukraine by pipelines fell by 35.3% (by 492,800 tonnes) compared to the same month in 2020, to 903,000 tonnes.
Pumping to Ukrainian refineries last month decreased by 0.5% (by 900 tonnes), to 195,400 tonnes.
Ukrtransnafta said among the factors that influenced the total volume of oil transportation in the first quarter of 2021 were a decrease in oil demand among European consumers due to quarantine measures and the withdrawal of an oil refinery in Hungary for scheduled repairs.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 27/04/21

National bank of Ukraine’s official rates as of 27/04/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF APRIL 27

Official rates of banking metals from national bank as of April 27

One troy ounce=31.10 grams

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UKRAINE INTERNATIONAL AIRLINES POSTS UAH 4.5 BLN LOSS IN 2020

Ukraine International Airlines (UIA) in 2020 posted a loss of UAH 4.518 billion against UAH 1.649 billion of profit in 2019.
According to the company’s statement in the information disclosure system of the National Securities and Stock Market Commission on the annual meeting of shareholders on May 28, UIA assets at the end of last year decreased by 1.6 times, to UAH 9.226 billion, and uncovered loss increased by 1.6 times, to UAH 11.6 billion.
Total debtor indebtedness increased to UAH 1.619 billion against UAH 969 million in 2019, long-term liabilities decreased by 28.3%, to UAH 7.4 billion, current liabilities increased by 15.3%, to UAH 13.2 billion.
Earlier, UIA stated that in just three months of the spring lockdown in 2020 and the complete suspension of regular flights, the company incurred losses in the amount of about $ 60 million.

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68% OF UKRAINIAN CITIZENS THINK COUNTRY MOVING IN WRONG DIRECTION

Some 68% of Ukrainian citizens believe that the direction of events in the country is wrong, according to the results of a sociological survey conducted by the Ukrainian Institute for the Future (UIF) with the assistance of New Image Marketing Group from April 9 to April 18 and presented at Interfax-Ukraine on Monday.
According to the survey, only 17% of respondents say that Ukraine moves in the right direction, and another 15% cannot decide.
One of the most pressing problems in Ukraine, 40% of those polled called the war in Donbas, 36% linked the problems with low wages and pensions, 31% with corruption, 29% with high utility rates, and 27% with a pandemic.
At the same time, it is noted that in March it was the problem of the war in Donbas that ranked first in the anti-rating.
Some 56% of citizens are sure that their rights and freedoms are not violated, and 44% noted that such violations are present.
In case of violation of their rights, citizens would choose mostly peaceful and non-violent methods to protect their rights and freedoms. First of all, this is the collection of signatures (26%), sanctioned rallies and actions (22%), and electronic petitions (16%). Road closures (15%) are the single most popular protest methods that go beyond the sanctioned limits. In general, radical actions gain no more than 5-6% and lag significantly behind moderate measures.
The number of citizens who are not ready to defend their rights has remained almost unchanged since March (41%).
The sociological survey was conducted by the “face-to-face” method using a structured interactive questionnaire. Audience included the population of Ukraine aged 18 and over in all regions, except for the temporarily occupied territories of Crimea and Donbas. The sample was 2,400 respondents.
The error of the representativeness of the survey with a confidence level of 0.95 does not exceed 2.05%.

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GERMAN ZEPPELIN INVESTS EUR 10 MLN IN CONSTRUCTION OF HEAD OFFICE IN UKRAINE

The Zeppelin German industrial concern is investing EUR 10 million in the construction of a new head office and service center for its Ukrainian representative office, the Zeppelin Ukraine company, in Vyshneve, Kyiv region, the representative office told Interfax-Ukraine.
“Such investments are a good example of cooperation between Ukraine and Germany, which confirms the intentions of the readiness of further cooperation between the two states,” the company said.
The project of the main office is being developed by the Delta Austrian design bureau, and the estimated construction period, which started in January 2021, is until July 2022.
“After 25 years of fruitful work in Ukraine, Zeppelin created the opportunity to construct its own headquarters in Ukraine. In honor of the start of construction on April 15, 2021, a time capsule was laid with the wishes of our partners and colleagues, which our followers will open in 25 years,” the company said.
The area of the territory to be reconstructed is 3.7 hectares, and the area of buildings is 6,700 square meters.
It is planned, in particular, to locate a two-storey main office with a total area of over 2,600 square meters on the territory with underground parking, a service workshop with an area of 1,550 square meters and a warehouse for storing oils, as well as a licensed warehouse of equipment on an area of 5,500 square meters and a demo site.
At the same time, taking into account the focus of the Zeppelin group on a responsible attitude to environmental, social and economic aspects, natural resources and the latest technologies will be maximized in the design of the new office. In particular, buildings will be equipped with solar panels, heat pumps will be used for heating, which will also be used to ventilate the premises.
In order to save resources for air conditioning, sun blinds will be installed on the windows, and to save water resources, a purification system will be installed with the possibility of reusing water in the repair shop, as well as organizing the collection and treatment of rainwater with an oil separator in order to reduce the load on the city sewer system.
Zeppelin Ukraine company with its head office in Kyiv has been operating in the country since 1996 and is the only official dealer of Caterpillar on the territory of Ukraine. It has 12 branches with over 600 employees.

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