Business news from Ukraine

Power unit of one of Ukraine’s nuclear power plants connected to grid ahead of schedule after repairs

A power unit at a Ukrainian nuclear power plant has been connected to the power grid after scheduled repairs were completed ahead of schedule, the Ministry of Energy has announced.

“This will significantly affect the stability of the power system and reduce the electricity shortage caused by massive Russian attacks on the Ukrainian energy sector,” the ministry said in a Telegram message on Wednesday.

According to the report, in the western and partially southern regions, power supply restrictions have been canceled until 18:00, in all other regions, restrictions are in effect from 0:00 to 24:00.

As reported with reference to DTEK and regional power distribution companies, the schedules of hourly blackouts until 16:00 have been canceled in Kyiv, Kyiv, Donetsk, Dnipropetrovs’k, Sumy, Kirovohrad, Zhytomyr, Cherkasy, Rivne, Poltava, Zaporizhzhya, Chernihiv, Cherkasy, Khmelnytsky regions.

Ukraine’s athletes begin their participation in 2024 Olympics today

Ukraine will begin its participation in the 2024 Olympic Games in Paris, France, before the official opening of the Games, with a football match against Iraq on July 24. The 2024 Olympic Games in Paris will open on Friday, July 26, and the competitions will last until August 11.

At the same time, on July 24, the Ukrainian Olympic team will make its debut at the Olympic football tournament. In particular, the first round group stage match between Ukraine and Iraq will start at 20:00 Kyiv time.

All matches of the national team will be broadcast on the platforms of Suspilne Sport, local TV channels of Suspilne and Radio Promin.

In addition, on July 24, a fan zone for the Olympic Games will open in Urban Park at VDNKh, where the competitions will also be broadcast.

As reported, the Summer Olympics in Paris will take place from July 26 to August 11. Ukrainian athletes have received 124 licenses to participate in the 2024 Olympics in Paris.

The Ukrainian national team of 140 athletes will be represented in 26 out of 32 disciplines: badminton, boxing, freestyle and Greco-Roman wrestling, breaking, weightlifting, cycling (mountain bike and road), rowing slalom, rowing, canoeing, artistic gymnastics rhythmic gymnastics, judo, track and field, artistic swimming, swimming, rock climbing, diving, archery, benchrest shooting, shooting, modern pentathlon, tennis, table tennis, fencing and football.

At the last Tokyo 2020 Summer Olympics (which took place in 2021 due to the coronavirus pandemic), Ukraine took 44th place in the medal standings and became the 16th country in the ranking by the total number of medals won (1 gold, 6 silver and 12 bronze). At the 2016 Rio Olympics, Ukrainian athletes won 11 Olympic medals (2 gold, 4 silver and 5 bronze).

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Ukreximbank sold 4 land plots in Kyiv region through SETAM for over UAH 28 million

State-owned Ukreximbank has successfully sold a pool of land plots for construction in Kyiv region through the OpenMarket electronic trading system (SE SETAM of the Ministry of Justice of Ukraine). The total sale amounted to UAH 28,289,000. These land plots were acquired by the Bank as a result of work with non-performing loans (NPL) and sold at a price higher than the cost of acquiring them, which confirms the effectiveness of the Bank’s actions. In 2023, Ukreximbank’s proactive position and continuous work of the NPL division, despite all the existing obstacles, gave the bank a record result of UAH 2.7 billion in NPL repayments. In total, over the past 10 years, repayment of NPLs amounted to UAH 10.1 billion, 50% of which was received over the past 3 years.

“Our bank demonstrates good results of working with NPLs in 2024. With the sale of this land plot, the total portfolio of the Bank’s repossessed property sold in 1H2024 amounts to UAH 190 million, which confirms the success of the previous year,” said Anatoliy Lola, Director of Restructuring and Recovery Department of Ukreximbank.

The land plots with a total area of 12,755 hectares are located in Bucha district of Kyiv region (Kyiv-Svyatoshyn district). Their intended purpose is for construction and maintenance of a residential building, outbuildings and structures (personal plot). The land plots are located in an open field with a flat terrain, 4 km from the center of Bilohorodka village.

“Our portfolio includes many attractive properties, such as these plots, which will be used for housing construction,” said Pavel Gashkovets, Ukreximbank’s Management Board Member in charge of organizing work with distressed assets. “The bank regularly holds electronic auctions for the sale of property that was collateral for non-performing loans on the principles of transparency and openness. All information about the sale of such property can be found on the bank’s website in the “Currentauctions” section, and the entire list of property available for sale is given in the “Sale of own property” section.”

The village of Bilohorodka is located on the right bank of the Irpin River, 22 km from Kyiv and 8 km from the Tarasivka passenger railway station.

“The land plots have a favorable location and convenient transport links, which provides an excellent opportunity for residential development. We congratulate the bank and the buyer on the successful transaction,” said Oleksandr Mamro, CEO of SE SETAM.

TheOpenMarket auction (SE SETAM of the Ministry of Justice of Ukraine) is a simple and effective means of selling and purchasing property via the Internet. The online auction has been operating throughout Ukraine since 2014, and the total amount of sales since its launch is UAH 22.2 billion.

 

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Ukraine increased egg exports in first half of year

According to the Union of Poultry Breeders of Ukraine, in January-June 2024, Ukraine increased egg exports to 36.98 thousand tons. Including eggs in the shell, national producers exported 32.98 thousand tons for 33.711 million dollars.

At the same time, egg exports in the first half of 2023 amounted to 29.7 thousand tons. In particular, 25.737 thousand tons of shell eggs were exported for 34.745 million dollars.

The largest importers of Ukrainian eggs are EU countries, in particular Italy and Poland, as well as Singapore, the UAE and Israel.

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UZ to receive EUR 43 mln for European railways development projects

Ukrzaliznytsia (UZ) will receive almost EUR43 million under the European Union’s Connecting Europe Facility (CEF) program.
According to the company’s press service on Tuesday, the program’s coordinating committee approved the company’s project application on July 16.
“Ukraine continues its European integration path and has systematic support from the EU. Thus, for the second year in a row, the CEF has been allocating funds for the implementation of strategic infrastructure projects aimed at developing the European gauge in Ukraine, so that we can open new passenger routes and increase the country’s transit potential,” the statement quoted Yevhen Lyashchenko, Chairman of the Board of UZ, as saying.
It is noted that the EUR42.95 million provided under the CEF mechanism will be used to implement a project to improve the railway network and build a 1435 mm gauge to ensure technological compatibility and increase the capacity of the railway infrastructure.
The total project budget is EUR85.91 million.
A feature of the CEF program is co-financing for project implementation in the amount of 50%. The Ukrainian side must provide a similar amount.
UZ clarified that within the framework of the project to improve the railway network and develop a 1435 mm gauge, it is planned to design the reconstruction of railway facilities with the introduction of a 1435 mm gauge on the Chop-Lviv section, as well as design the reconstruction of railway facilities with the construction of a 1435 mm gauge and electrification on the Lviv-Chernivtsi-Vadul-Siret-state border section.
It is also planned to develop a strategy for the reconstruction of the Lviv railway junction, taking into account the prospects for expanding the 1435 mm gauge railway network of the Trans-European Transport Network (TEN-T) in Ukraine; design and construction of a 1435 mm gauge with electrification on the Pavlovo-2/Mativtse-Uzhhorod section and electrification of the 1435 mm gauge on the Chop-Uzhhorod section.
The costs of the TSI compliance examination of the above projects, as well as the Kovel-Yahodyn – state border and Medyka/Mostiska II – Lviv (Sknyliv) sections are provided for, UZ said.
The CEF (Connecting Europe Facility) is a European Union fund established in 2014 to invest in transport, energy, digital and telecommunications projects. It is the main instrument for financing the development of TEN-T.
Earlier it was reported that Ukraine would receive a grant of EUR 53 million for the implementation of four projects under the CEF program.

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Quotes of interbank currency market of Ukraine (UAH for €1, in 01.04.2024-30.04.2024)

Quotes of interbank currency market of Ukraine (UAH for €1, in 01.04.2024-30.04.2024)

Source: Open4Business.com.ua and experts.news