Business news from Ukraine

Business news from Ukraine

DTEK PLANS TO EXPAND POWER GRID ASSETS IN UKRAINE AND EU COUNTRIES

DTEK is interested in purchasing new power grid assets in Ukraine and EU countries, CEO of the company Maksym Timchenko has said.
“I believe that all DTEK’s business, in one way or another, are related to how successfully DTEK Grids will develop […] In our long-term strategy, we are talking about expanding the portfolio of assets, we are ready to further participate in the acquisition of grid companies both in Ukraine and beyond,” he said when presenting DTEK’s new strategy until 2030.
As reported, the operating holding DTEK Grids is engaged in the distribution of electricity in Kyiv city, Dnipropetrovsk, Donetsk, Kyiv and Odesa regions.
DTEK was established in 2005 to manage the energy assets of the System Capital Management Group (SCM, Donetsk) of Rinat Akhmetov. The functions of strategic management of the enterprises of the group that make up the vertically integrated chain for the extraction and enrichment of coal, production and sale of electricity were delegated the holding.

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RATIO OF FERTILITY AND MORTALITY BY REGION AS OF JAN-SEPT, 2020

Ratio of fertility and mortality by region as of Jan-Sept, 2020.

SSC of Ukraine

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UKRAINE EXTENDS DUTIES ON IMPORT OF STAINLESS PIPES FROM CHINA

The Interdepartmental Commission on International Trade (ICMT) has completed a review of antidumping measures regarding the import of seamless stainless steel pipes to Ukraine from China, extending their effect for another five years.
According to a report in the Uriadovy Kurier newspaper published on December 19 of this year, the measures were revised in connection with their expiration.
Based on the results of the revision, the ICMT found that the level of anti-dumping measures applied was sufficient to prevent dumping of imports and causing damage to the national producer; the position of exporters and economic conditions are such that the possibility of new types of dumping that will harm domestic producers is not ruled out.
The current voluntary pricing commitments from foreign manufacturer/exporter Zhejiang Longda Stainless Steel Co., Ltd are sufficient to prevent dumping and damage.
“National interests require the continuation of anti-dumping measures regarding the import of seamless stainless steel pipes to Ukraine from China,” the commission said.
In this regard, the commission decided to complete the revision and extend the anti-dumping measures applied by its decision of November 27, 2014 for another five years. At the same time, extend the voluntary price commitment of Zhejiang Longda Stainless Steel Co. to stop dumping imports of seamless stainless steel pipes to Ukraine from China. The final anti-dumping measures should not be applied to this manufacturer/exporter, due to the fact that the voluntary obligation to stop dumping imports to Ukraine continues.
The decision of the commission made on December 14, 2020 came into force from the date of publication of this report (from December 19, 2020).

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European Investment Bank to issue EUR 270 mln loan to state-owned Boryspil airport to improve infrastructure and expand capacity

The European Investment Bank (EIB) will allocate EUR 270 million to the state-owned enterprise Boryspil International Airport for the implementation of an investment plan to improve infrastructure and expand capacity.

According to a posting on the bank’s website, the board of directors approved the project on December 16 this year.

The EIB document states that the total cost of this project is approximately EUR 351 million, but other sources of co-financing are not specified.

According to the financial institution, this operation is covered by the EU guarantee for EIB loans outside the EU, and the organizer of the work must ensure that any procurement procedures are carried out in accordance with the EIB procurement guidelines and EU public procurement rules.

“Major works include the rehabilitation of the western airfield system, including the western runway (18R-36L), which has been operating for more than 50 years and is in poor condition, the associated parallel taxiway, the airfield ground lighting and the instrument landing systems, plus a range of other associated airside infrastructure works,” the bank said on its website.

As reported, earlier the Ministry of Infrastructure offered the EBRD to participate in financing the Boryspil airport investment plan.

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FULL-LENGTH DOCUMENTARY FILM “COVID-2019: EXITING RED ZONE” SHOT IN UKRAINE

The first full-length documentary film about coronavirus “COVID-2019: Exiting Red Zone” in the post-Soviet space was shot in Ukraine.
According to a press release from the film’s team, the film was shot just over two months.
The film was shot in the genre of “expedition film” in seven regions of Ukraine: the shooting took place in Kyiv, Kramatorsk, Kryvy Rih, Lviv, Mykolaiv, Odesa and Cherkasy.
The plot is based on the stories of 65 characters, including medical workers, volunteers, ambulance drivers, entrepreneurs, employees, as well as patients and relatives of patients with COVID-19. The film crew visited 15 reference hospitals working with COVID-19 patients, as well as three intensive care units, where critically ill patients with serious complications were treated.
The film was shot within the project “Seven Films of Bno-Airiian” of former head of Kyiv Regional State Administration Mykhailo Bno-Airiian, who in the summer of 2019 headed Kyiv Regional State Administration and was in office for 100 days.

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OCEAN SHIPYARD FROM UKRAINE SIGNS MEMO WITH STATE DEFENSE CONCERN OF TURKEY TO BUILD CORVETTES

Ocean Shipyard (Mykolaiv) has signed a memorandum with the state defense concern of Turkey on joint activities to implement a project to build a series of corvette class ships for the Ukrainian Navy in pursuance of a framework military agreement signed in October this year during a meeting of the two presidents in Ankara, as well as a contract for building corvettes signed by the parties in Kyiv on December 14.
According to the company’s press release, in order to localize the corvette program, the state defense concern of Turkey conducted an audit of the technical capabilities of Ukrainian shipbuilding enterprises. Ocean shipyard was selected and included in the corvette program, taking into account the unique technical capabilities of the enterprise, the availability of professional personnel and the current program of modernization of production assets.
The memorandum provides for the conclusion of separate contracts between the parties within clearly agreed terms and specific steps of cooperation within the framework of the corvette program.
PJSC Mykolaiv Shipyard Ocean specialized in the building and repair of container ships, tankers, tugs, barges with a deadweight of up to 350,000 tonnes.

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