Business news from Ukraine

Business news from Ukraine

Windrose to launch regular cargo flight between Kiev and Hong Kong

Windrose (Kyiv) from February 14, 2021 will open a regular cargo flight between Kyiv and Hong Kong.

According to the company’s press service on Tuesday, from February 14 to December 27, 2021, cargo flights on the Kyiv-Hong Kong-Kyiv route will be performed on Sundays from Kyiv to Hong Kong and on Mondays back.

“Windrose Airlines hopes that the opening of this program will help all market participants to accelerate the delivery of cargo both from Hong Kong to Kyiv and subsequently from Kyiv to Hong Kong,” the company said.

The flights will be operated by Airbus A330-200 P2F aircraft, which has been modified for cargo transportation.

As reported, in November 2020, Windrose signed a wet leasing contract for Airbus A330 aircraft to perform cargo flights from Kyiv to New York and Hong Kong.

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UKRAINE INCREASES ELECTRICITY CONSUMPTION IN JAN

Electricity consumption in Ukraine, taking into account in-process losses in power grids, increased 3.7% in January 2021 compared to January 2020, to 14.484 billion kWh, the Ministry of Energy has told Interfax-Ukraine.
Excluding in-process losses electricity consumption in January 2021 grew by 5.8%, to 11.662 billion kWh.
The country’s industry, excluding in-process losses, boosted electricity consumption by 5.2%, to 4.403 billion kWh. In particular, metallurgical industry consumed 2.349 billion kWh (1.6% more compared to January 2020), fuel industry some 296.8 million kWh (1% more), machine building industry some 349.5 million kWh (13.7% more), chemical and petrochemical some 380.3 million (14.4% more), food and processing some 365.5 million kWh (2.5% more), building materials some 190.9 million kWh (26.4% more), others some 471.3 million kWh (8.6% more).
In addition, agricultural enterprises consumed 332.6 million kWh (11.1% more), transport some 572.3 million kWh (5.2% less), developers some 107.1 million kWh (10.4% more).
In January 2021, the country’s population consumed 3.954 billion kWh (8.3% more), households some 1.517 billion kWh (5% more) and other non-industrial consumers some 776.4 million kWh (4.3% more).
The share of industry in total electricity consumption in January 2021 fell to 37.8% from 38%, while the share of the population grew to 33.9% from 33.1%.

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PRESIDENT OF EUROPEAN COUNCIL CHARLES MICHEL TO VISIT UKRAINE IN MARCH

President of the European Council Charles Michel intends to visit Ukraine and Georgia in March, his spokesperson Barend Leyts said on his Twitter page.
“The President met today with the Prime Minister of Ukraine and announced that he planned to visit Ukraine and Georgia in March, to convey EU firm position on Ukraine’s sovereignty and territorial integrity as well as recovery and reforms,” Leyts wrote on Tuesday.
According to him, the parties also discussed relations with Russia.

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94% OF UKRAINIANS CONSIDER UTILITY TARIFFS HIGH

Some 94% of Ukrainians think that utility rates are excessive, and 70.4% – that the authorities are unsuccessfully countering the coronavirus (COVID-19) disease, according to the results of a survey conducted by the Ukrainian Sociological Group from January 26 to February 2, 2021.
According to a sociological survey, which was release in the press center of the Interfax-Ukraine on Wednesday, 94% of Ukrainians think that tariffs for utility services are excessive, 3.6% think that tariffs are economically justified, and 2.4% found it difficult to answer.
Answering the question what was the main reason for the increase in utility tariffs for the population, 44.9% of respondents named mismanagement and lack of professionalism of the government, 23.6% – collusion of energy companies, 14.2% – requirements of the International Monetary Fund (IMF) and international lenders, 9.6% – the decision of the authorities to switch to free pricing for energy resources, 3.1% – an increase in world energy prices, and 4.6% found it difficult to answer.
In addition, answering how successfully the authorities are in countering the COVID-19 epidemic in Ukraine, 3.4% of respondents answered that countering is successful, 20.9% – more likely to be successful, 31.6% – more likely to be unsuccessful, 38.8% – unsuccessful, and 5.3% found it difficult to answer.
Answering what the respondents are more afraid of: the COVID-19 epidemic or the economic consequences of the quarantine (lockdown), 29.2% answered that they were afraid of the epidemic, 59.1% – the economic consequences of quarantine restrictions, 7.8% were afraid of neither of these, and 3.9% found it difficult to answer.
A total of 1,209 respondents aged 18 and older were interviewed during the survey. The sample set is a multistage random one, at the last stage – a quota one. The survey method is an individual face-to-face interview at the respondent’s place of residence (at home). The statistical error does not exceed 3.0%

UKRAINE INCREASES ELECTRICITY GENERATION IN JAN

Electricity production in the Integrated Power System of Ukraine in January 2021 increased 1.1% compared to January 2020, to 14.259 billion kWh, the Ministry of Energy has told Interfax-Ukraine.
Nuclear power plants (NPP) last year reduced electricity generation by 8.4% compared to the same period last year, to 7.151 billion kWh. In particular, production of electricity at Zaporizhia NPP amounted to 2.716 billion kWh (9.8% less compared to 2019), Yuzhnoukrainsk some 1.9 billion kWh (13.9% less), Rivne NPP some 1.815 billion kWh (1.1% less), and Khmelnytsky NPP some 720 million kWh (4.5% less).
Thermal power plants (TPP), as well as combined heat and power plants and cogeneration plants increased their output by 12.6%, to 5.611 billion kWh. In particular, TPPs increased production by 20.9%, to 4.067 billion kWh, while combined heat and power plants and cogeneration plants cut it by 4.6%, to 1.544 billion kWh.
Hydro power plants and pumped storage power plants increased production by 12.6%, to 729 million kWh, and block stations cut by 6.3%, to 142 million kWh.
Electricity production by non-traditional sources (wind farms, solar power plants, biomass) grew by 21.5%, to 626 million kWh.
The share of nuclear power plants in the structure of electricity production accounted for 50.2%, thermal power plants, combined heat and power plants and cogeneration plants 39.4%, hydro power plants and pumped storage power plants 5.1%, block stations 1%, alternative sources 4.4%.
In addition, the supply of thermal energy in January 2021 decreased 9.6% compared to the same period last year, to 3.272 million gigacalories.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 10/02/21

National bank of Ukraine’s official rates as of 10/02/21

Source: National Bank of Ukraine