Business news from Ukraine

UKRAINE RESUMES GAS IMPORTS VIA SLOVAKIA AFTER COMPLETION OF REPAIR WORKS

Ukraine has resumed imports of natural gas via Slovakia, suspended from October 2 through October 6 over the scheduled repair works.
According to Slovakia’s Eustream transmission operator, gas supplies on October 7 totaled 23.6 million cubic meters (mcm), which is slightly lower than average imports in September. The application for October 8 is also 23.6 mcm.
As reported, according to the schedule of repair, the second section line of the Dolyna-Yuzhgorod-state border gas pipeline is being repaired, in particular, at compressor stations Dolyna, Rososh, KS-1 and KS-2 Yuzhgorod.
Ukraine in January-September 2018 reduced import of natural gas by 24.7% (by 2.640 billion cubic meters, bcm) compared to the same period in 2017, to 8.065 bcm. Imports from Slovakia during this period amounted to 5.017 billion cubic meters of gas (36.4% less compared to January-September 2017), from Hungary to 2.509 billion cubic meters (27.9% more), Poland to 538.7 million cubic meters (37.4% less).
Ukrtransgaz, fully owned by Naftogaz Ukrainy, operates a system of trunk gas pipelines and 12 underground gas storage facilities in the country.

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ELECTRICITY EXPORTS FROM UKRAINE IN JAN-SEPT ESTIMATED AT $237 MLN

Ukraine in January-September 2018 exported electricity worth $237.385 million, including $24.005 million in September alone.
Hungary bought electricity worth $139.952 million, Poland $54.863 million, Moldova $37.01 million, other countries $5.559 million, Ukraine’s State Fiscal Service has said.
Exports of Ukrainian electricity in monetary terms in January-September 2018 increased by 25.2% compared to the same period in 2017 ($189.608 million).
Over the period under review, Ukraine imported electricity worth $1.133 million, in particular, electricity imports from the Russian Federation were estimated at $1.075 million, from Belarus at $0.052 million, from Moldova at $0.006 million.
As reported, Ukraine plans in 2018 to increase exports of electricity to the EU and Moldova by 13.3% from 2017 to 5.855 billion kWh. According to the forecast for 2018, deliveries from the Burshtyn TPP energy island to Hungary, Slovakia, Romania will be 3.6 billion kWh, to Poland 1.2 billion kWh, and to Moldova 1.055 billion kWh.

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NOTER INVEST BECOMES HOLDER OF 99% OF SHARES IN CAPITAL INSURANCE

Noter Invest LLC is the holder of 99.8% shares in Capital Insurance (both based in Kyiv), the National Depository of Ukraine told the company on October 3.
The insurance company said that earlier the new owner did not have shares in the company.
The national commission for financial service markets regulation on September 13, 2018 permitted Noter Invest LLC to buy shares in Capital Insurance.
Private Joint Stock Insurance Company Capital Insurance was registered in 2007. It specializes in providing services in the field of risk insurance. The charter capital of the company is UAH 8.429 million.
According to the unified public register of companies, Noter Invest LLC was registered in June 2018. Its founder and head is Tetiana Tomilenko.
The charter capital of the company is UAH 130,000.

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LAWMAKERS REGISTER BILL WITH AGRARIAN STRATEGY

The framework bill on the key principles of the government agricultural policy and rural development policy (No. 9162), which should determine Ukraine’s agricultural strategy, has been registered by a group of lawmakers.
“The document introduces the Agrarian Attache Office to represent and protect the interests of Ukrainian agricultural producers abroad. A step-by-step implementation of the government policy will be an action plan for implementing the basic principles for the development of the government agricultural policy and rural development policy, which will be developed for the period of five years to implement the law. Monitoring of the corresponding plan of measures is also proposed,” the co-author of the bill, MP Oleh Kulinich (deputy group Vidrodzhennia Party) said on his Facebook page.
According to MP Mykola Kucher (Petro Poroshenko Bloc parliamentary faction), the bill will also introduce additional control over the management of state-owned land.
“Although at first glance, bill No. 9162 is declarative, but it is it that establishes the fundamental principles of the formation and implementation of the government agrarian policy, thereby getting a strategic content,” Kucher said.

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