Business news from Ukraine

Business news from Ukraine

MYKOLAIV SEAPORT INCREASES TRANSSHIPMENT OF GOODS BY 20%

Mykolaiv seaport in January-October 2019 increased transshipment of goods by 20% compared to the same period in 2018, to 26.951 million tonnes.
According to the Ukrainian Sea Ports Authority, for the specified period the port increased transshipment of exported cargo by 27%, to 21.109 million tonnes, imported goods by 5.1%, to 5.003 million tonnes, cabotage goods by 0.2%, to 838,010 tonnes. Transshipment of transit cargo in January-October 2019 was not carried out.
In January-October, transshipment of liquid cargo in the seaport decreased by 6.3%, to 2.228 million tonnes, dry bulk cargo increased by 24.2%, to 22.044 million tonnes, and packaged goods by 15%, to 2.679 million tonnes.
As reported, Mykolaiv seaport in 2018 raised transshipment of goods by 24.09% compared to 2017, to 29.2 million tonnes.

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UKRAINIAN NATIONAL FOOTBALL TEAM BEATS ESTONIA

The Ukrainian national football team has defeated the Estonian team in a friendly match with a score of 1:0. The meeting took place in Zaporizhia on Thursday evening.
The only goal was scored by the Belgian Gent midfielder Roman Bezus in the last seconds of added time by a free kick and a rebound from ex-football player of the Lviv Carpathians Serhiy Zenev.

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PIVDENNY PORT SEES 28% RISE IN CARGO HANDLING

State-owned enterprise Pivdenny maritime merchandise port in January-October 2019 handled 43.852 million tonnes of cargo, which is 28.3% more than in January-October 2018.
According to information from the Ukrainian Sea Ports Authority, for the period the port increased transshipment of exported cargo by 35.7%, to 31.97 million tonnes, imported freight by 3%, to 6.036 million tonnes, transit by 26.3%, to 5.824 million tonnes.
In January-October, the seaport handled only 13.3% of the volume of coastal cargo compared to the same period in 2018, which amounted to 46,000 tonnes.
In January-September, the port raised transshipment of liquid cargo by 10.4%, to 3.673 million tonnes, dry bulk cargo by 35%, to 36.73 million tonnes, and reduced transshipment of packaged goods by 5.6%, to 3.447 million tonnes.
Container transshipment amounted to 169,420 TEU (an increase of 79.2% compared to the same period in 2018).
As reported, in 2018 the port increased transshipment of goods by 1.92% compared to 2017, to 42.702 million tonnes.
Pivdenny port was founded in 1978. It is located on the Adzhalyk firth and is the deepest harbor in Ukraine. The length of its berths is around 2.6 kilometers.

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UKRAINE CUTS IMPORTS OF ALUMINUM ORE

Ukraine in January-October of 2019 decreased imports of aluminum ore and concentrate (bauxites) in natural terms by 0.9% compared to the same period in 2018, to 4.039 million tonnes.
According to customs statistics released by the State Fiscal Service, during this period bauxite imports in monetary terms increased 10.5%, to $181.866 million.
Imports were mainly from Guinea (53.86% of deliveries in monetary terms), Guyana (39.55%), and Brazil (2.92%).
In January-October 2019, some 22 tonnes of bauxite were exported to Poland for $1,000, whereas in January-October 2018 some 45 tonnes of bauxite were re-exported to Poland for $5,000.
As reported, Ukraine in 2018 increased imports of aluminum ore and concentrate (bauxite) in natural terms by 4.6% compared with 2017, to 5.089 million tonnes. Imports of bauxite in monetary terms fell by 2.4%, to $207.222 million. Imports were mainly from Guinea (57.17% of deliveries in monetary terms), Guyana (36.63%), and Brazil (4.37%).
In 2018, some 45 tonnes of bauxite were also re-exported to Poland for $5,000, while in 2017 some 162 tonnes of bauxite worth $ 10,000 were re-exported.

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UKRAINE PLANS TO BORROW $4.9 BLN ON FOREIGN MARKETS NEXT YEAR

The plan of financing the national budget in 2020 announced by the government in the draft budget envisages borrowing on the foreign market in the amount of $4.9 billion and on the internal market in the amount of UAH 231.1 billion or $8.4 billion, state representative for public debt Yuriy Butsa has said.
“We will continue increasing the share of borrowings in national currency,” he said at a conference of the Fitch Ratings in Kyiv on Thursday.
According to him, the amount of payments on public debt next year is estimated at UAH 282.1 billion ($10.3 billion) of repayment of the principal amount and UAH 141.5 billion ($5.1 billion) of interest payments. He also said that another UAH 12 billion is planned to be raised through privatization.
Butsa said that since the beginning of this year, the total public debt of Ukraine has declined from 60.9% of GDP to 51.2% of GDP in September this year, although in U.S. dollar terms it has grown from $78.3 billion to $83 billion.
He also said that the share of debt in the hryvnia during this time increased from 33% to 40%, and in U.S. dollars decreased from 48% to 42%. According to him, the debt in euros increased from 9% to 11%. Butsa added that a small share of the euro in debt allows us to consider the possibility of increasing it.

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ORANTA INSURER SEES 18% RISE IN PREMIUMS

Oranta national joint-stock insurance company (Kyiv) in January-September 2019 collected gross insurance premiums for the amount of UAH 679.3 million, which is 17.9% more than a year ago.
The company said that in particular, premiums for voluntary car insurance over the period grew by 25.2%, to UAH 32 million, premiums on compulsory insurance of vehicle owners’ civil liability (OSAGO) – by 9.2%, to UAH 383.4 million, Green Card – by 45.2%, to UAH 121.3 million, property insurance – by 5.4%, to UAH 64.9 million, liability insurance – by 50.7%, to UAH 35 million and voluntary medical insurance – by 49.5%, to UAH 27.373 million.
According to the company, in January-September 2019, 1.553 million insurance contracts were concluded, which is 7.9% more than the same period a year earlier. In particular, the number of concluded voluntary medical insurance contracts increased 78%, mandatory car insurance – by 60.4%, Green Card – by 54.4%, cargo insurance – twice, and liability insurance – 62.8%.
Over the period, Oranta paid out UAH 238.8 million in claims to customers, which is 29.1% more than in the same period last year. The largest payments were made under OSAGO – UAH 168.4 million (a rise of 31.8%), Green Card – UAH 35.6 million (a rise of 11.2%), voluntary car insurance – UAH 16.2 million (a rise of 19.9%), property insurance – UAH 10.5 million (a rise of 60.6%), voluntary medical insurance – UAH 5.515 million (a rise of 92.9%).
The company also said that the level of payments for the reporting period amounted to 35.1%, while for this period a year earlier it was 32.1%.
Oranta is the legal successor of Ukrgosstrakh, founded on November 25, 1921. In 1993, Ukrgosstrakh was reorganized into OJSC Oranta.

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