Business news from Ukraine

Business news from Ukraine

ACCIONA AND UDP RENEWABLES LAUNCH NEW SOLAR POWER PLANT IN ODESSA REGION

Gudzovka-Solar PV PP reduces carbon dioxide emissions by 30,000 tons per year.
UDP Renewables, whose strategic investor is the holding company UFuture, pursues its partnership with the world leading company in renewables — ACCIONA. As part of the cooperation, two stages of new solar plant “Gudzovka-Solar” are commissioned in the city of Izmail, Odessa region. Investments in the project amounted to about €21 mln.
“I am proud that we have the opportunity to implement joint projects together with ACCIONA. Our partner is reliable, efficient and has high standards of work. We are glad that we were able to reveal Ukraine’s investment attractiveness for an international strategist, as our cooperation is an inspiring example of system-building cooperation,” said Sergiy Yevtushenko, managing Partner of UDP Renewables.
Gudzovka-Solar-1 PV PP and Gudzovka-Solar-2 PV PP have a peak capacity of 24.4 MW totaled up and are equipped with more than 72,000 solar panels manufactured by JASolar. This amount of innovative equipment generates about 33,600 MWh of electricity per year and can meet the needs of 13,000 households.
“Despite the turbulent period in the industry and in the world as a whole, UFuture systematically implements its strategic plans and invests in Ukraine’s renewable energy. We faithfully fulfil all our obligations to the state and our partners. Today, the company is considering various scenarios for further development in this area. Successful cooperation with the world’s leading market players formulates the necessary expertise and reputation base to expand our activities, both in Ukraine and, possibly, in foreign markets,” said Nicholas Tymoshchuk, CEO of UFuture.
The EPC contractor of the project was a group of companies KNESS, the financial partner was Credit Agricole Bank.
ADDITIONAL INFORMATION
UDP Renewables is an investment and development company in the Ukrainian renewable energy sector. With diversification in the type of renewable power generation and geography, by 2022 UDP Renewables strives to become one of the largest producers of clean energy in Ukraine, with a total capacity of more than 300 MW.
UFuture is a holding company of Ukrainian entrepreneur Vasyl Khmelnytsky, which has a diversified portfolio of assets in the fields of real estate, infrastructure, industry, renewable energy, pharmaceuticals and IT. In particular, UFuture is a strategic investor in UDP Renewables. UFuture’s assets are valued at $500 million, and the total capitalization of the businesses in which it has invested is up to $1 billion.

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RYANAIR LAUNCHES FLIGHTS ON ODESA – DUSSELDORF WEEZE ROUTE

The Irish low-cost airline company Ryanair (Dublin) has launched flights on the Odesa – Dusseldorf Weeze (Germany) route.
The flights will be operated twice a week as part of Ryanair’s winter 2020 schedule, the airline’s press service said on Friday.
“We are delighted to start operating flights Odesa-Dusseldorf Weeze. This flight will connect Odesa and western Germany, in addition, Weeze airport is located in close proximity to the Netherlands. Thus, our passengers, besides Dusseldorf, have received an opportunity to conveniently plan their trips to Duisburg, Essen, Dortmund and Cologne, as well as to the neighboring cities of the Netherlands,” commercial director of Odesa International Airport Vyacheslav Chehlatonev said quoted by the airline’s press service.
Annual flow of tourists in Ukraine to grow to 30 mln foreigners, 60 mln domestic travelers by 2030 – National Economic Strategy

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ANTIBIOTIC USE IN UKRAINE INCREASES BY 3.5 TIMES – MINISTRY OF HEALTH

The use of antibiotics in Ukraine to date has grown 3.5 times compared to the same period last year, the Minister of Health said during a meeting of the Verkhovna Rada on Friday.
“Indeed, our use of antibiotics has grown 3.5 times compared to the same period last year. There is a program regarding provision with pharmaceutical companies – they are fully provided with raw materials. If antibiotics have disappeared in some pharmacy, I think these are isolated cases,” he said. At the same time, the minister urged not to self-medicate.
“We held meetings with the heads of pharmacy chains regarding the provision of antibiotics and other drugs, in particular, anticoagulants. There was a big request from this industry to appeal to the population not to self-medicate,” Stepanov said.

PHILIP MORRIS CUTS CIGARETTE SHIPMENTS IN UKRAINE BY 4.8% IN JAN-SEPT

Philip Morris International Inc. (PMI) in January-September 2020 cut cigarette shipment volume by 4.8%, mainly due to the lower total market, partly offset by a higher market share, driven by heated tobacco units.
According to a quarterly report published by PMI, the total market in Ukraine was down by 9.7%, mainly reflecting the impact of excise tax-driven price increases, as well as reduced adult smoker average daily consumption, notably in the second quarter of 2020, due to lockdown measures.
The company said that in Q3 2020 the total market in Ukraine fell by 7.4%.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 06/11/20

National bank of Ukraine’s official rates as of 06/11/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF NOVEMBER 06

Official rates of banking metals from national bank as of November 06

One troy ounce=31.10 grams

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