Business news from Ukraine

ANDRZEJ RAJKIEWICZ FROM POLAND ELECTED HEAD OF SUPERVISORY BOARD OF ENERGY EFFICIENCY FUND

The supervisory board of the Energy Efficiency Fund has elected Andrzej Rajkiewicz its head, the press service of Deputy Prime Minister, Regional Development, Construction, Housing and Utilities Economy Minister of Ukraine Hennadiy Zubko has reported.
“Rajkiewicz was elected head of the supervisory board of the Energy Efficiency Fund – a person who has extensive experience in energy efficiency in Poland and other European countries. This decision was made at the first meeting of the fund’s supervisory board on December 17,” Zubko said.
According to him, the meeting also approved the rules of procedure for the meetings of the supervisory board, determined the procedure for selecting members of the directorate and the head of the internal audit unit, approved the action plan for 2018 and the first quarter of 2019. In addition, the announcement of the tender to select management is expected.
As reported, four members of the fund’s supervisory board have already been selected, the last one is expected to be defined – a representative from the European Union.
The Cabinet of Ministers of Ukraine selected its representatives in the supervisory board of the Energy Efficiency Fund: Deputy Finance Minister Yuriy Heletei and Director of the life-support systems economy department of the Regional Development, Construction, Housing and Utilities Economy Ministry Natalia Khotsianovska.
Winners of the tender to select independent members of the supervisory board of the Energy Efficiency Fund are Andrzej Rajkiewicz Миралинкс (Poland) and Yulia Sabatiuk (Ukraine).
Two representatives from the government, one representative from international donors and two independent representatives will be members of the supervisory board of the Energy Efficiency Fund. They are elected for five years.

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GOVT INCREASES CHARTER CAPITAL OF YOUTH HOUSING CONSTRUCTION FUND

The Cabinet of Ministers of Ukraine on Tuesday amended the regulations of the State Fund of Ukraine for the Promotion of Youth Housing Construction, in particular, boosting its charter capital by UAH 30 million, to UAH 331.3 million, and authorizing the Regional Development, Construction, Housing and Utilities Economy Ministry to manage the fund.
According to a draft resolution, the increase of the fund’s charter capital by UAH 30 million would allow 40 families to buy apartments.
The change of the fund’s regulations, in particular, authorizing the regional development ministry to manage it, is required to bring the regulations in line with the government’s decision made in 2011, according to an explanatory note to the document.
As reported, the Cabinet of Ministers had previously made changes to the procedure for providing government support and providing affordable housing, in particular, allowed applicants to independently choose housing within the established prices and area (depending on the number of family members).

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GRAIN HARVEST IN 2018 TOTALS 70 MLN TONNES

Gross grain harvest in 2018 totals around 70.1 million compared with 62 million last year, the Agricultural Policy and Food Ministry of Ukraine has reported. According to a press release of the ministry, the country threshed 35.5 million tonnes of corn, 24.5 million tonnes of wheat, 7.3 million tonnes of barley, 0.41 million tonnes of rye and 0.13 million tonnes of buckwheat.
In addition, some 13.7 million tonnes of sunflower, 4.4 million tonnes of soybeans, 2.6 million tonnes of rapeseeds were harvested and 13 million tonnes of sugar beets were dug. The largest grain harvest was recorded in Poltava region (6.4 million tonnes). Some 6.1 million tonnes was harvested in Vinnytsia region and 4.8 million tonnes in Cherkasy region.
The highest yield for grain and leguminous crops was in Cherkasy region (7.28 tonnes per ha), as well as in Khmelnytsky region (7.16 tonnes per ha) and Vinnytsia region (7.13 tonnes per ha).
The ministry predicts that grain exports in 2018/19 agricultural year (July-June) would be 47.2 million tonnes compared with 39.9 million tonnes in 2017/18 agri-year.
As of December 18 of this year, from the beginning of the 2018/2019 agri-year, Ukraine exported 21.02 million tonnes of grain and leguminous crops, in particular, 10.02 million tonnes of wheat, 3.1 million tonnes of barley, 7.5 million tonnes of corn and 0.4 million tonnes of other cereals have been exported so far.

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STATE-OWNED UKRENERGO SIGNS CONTRACT WITH GENERAL ELECTRIC FOR RECONSTRUCTION OF SUBSTATIONS

National Energy Company Ukrenergo has signed a contract with General Electric Grid Solutions (Germany) and Chornomorenergospetsmontazh LLC for reconstruction of Kharkivska and Zaliutyne 330 kV substations, the company’s press service has reported. According to the press service, the power equipment, cable communication lines, relay protection and automation devices will be replaced at the substations, new gas insulated 330 kV switchgears and hybrid 110 kV switchgears will be installed.
“Kharkivska and Zaliutyne substations play a significant role in providing power supply to the eastern region of Ukraine. With further integration into ENTSO-E, the importance of these substations will increase significantly. That is why the modernization of these facilities must be carried out at the highest technological level in compliance with all reliability and safety requirements presented by ENTSO-E,” Deputy Director for Investment at Ukrenergo Volodymyr Kudrytsky said.
The project entitled “Reconstruction of Substations in the Eastern Part of Ukraine” in 2019-2022, with funding from the German government, in addition to upgrading 330 kV Kharkivska substation and 330 kV Zaliutyne substation also provides for the reconstruction of 750 kV Zaporizhska substation and 750 kV Dniprovska substation.

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