Business news from Ukraine

UKRAINE CONSIDERABLY INCREASES ELECTRICITY EXPORTS IN Q1, MAIN IMPORTERS – POLAND, MOLDOVA, HUNGARY, SLOVAKIA, ROMANIA

Ukraine increased electricity exports 18.3% in January-March 2018 year-on-year to 1.596 billion kilowatt-hours (kWh), the Ministry of Energy and Coal Industry has told Interfax-Ukraine. Electricity supplies from the Burshtyn thermal power plant energy island in the direction of Hungary, Slovakia and Romania for the three month grew 0.9% compared to January-March 2017, to 1.026 billion kWh.
Electricity supplies to Poland rose 27.6%, to 423.327 million kWh. Ukraine exported 146.218 million kWh to Moldova in January-March 2018 compared to nil a year earlier.
No electricity was exported to Belarus or Russia in January-March 2018 or January-March 2017.
In March 2018, exports of Ukrainian electricity totaled 563.7 million kWh, which is 49.6% more than in March 2017.
Ukraine imported 8.92 million kWh of electricity in January-March 2018 (of which 8.559 million kWh from Russia and 0.361 million kWh from Belarus) versus 11.6 million kWh in the same period last year. Energomarket contracts account for the imports as technological transfers.

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STATE-OWNED UKRBUD COMPANY HAS UAH 6.8 MLN OF NET PROFIT IN 2017

State-owned public joint-stock company Ukrbud Construction Company, part of the Ukrbud State Construction Corporation (all based in Kyiv), saw a 12.4% rise in net profit in 2017, to UAH 6.8 million. According to a company’s annual report under IFRS, net revenue grew by 46.4%, to UAH 445.2 million, gross profit tripled, to UAH 98.3 million, and operating profit grew six-fold, to UAH 44.1 million.
Undistributed profit grew by 28.8%, to UAH 18.5 million. Current liabilities shrank by 35%, to UAH 256.2 million and the company did not have non-current liabilities. Ukrbud Construction Company was founded by the Ukrainian government in 2004.

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CHINESE EXCHANGE INTERESTED TO BUY OVER 25% IN UKRAINIAN PFTS EXCHANGE

Chinese Bohai Commodity Exchange (BOCE), which last year became the owner of the Ukrainian Bank for Reconstruction and Development (EBRD), is mulling the possibility of buying over 25% of shares in public joint-stock company PFTS stock exchange. The Antimonopoly Committee of Ukraine reported that BOCE (Hong Kong) Co., Limited asked the committee to present the preliminary conclusions on the acquisition of the stake in the Ukrainian exchange.
As reported, BOCE (Hong Kong) Co., Limited at the end of November 2016 won at the auction of the State Property Fund of Ukraine for the sale of 99.9% of UBRD shares being in state property. The final selling price was UAH 82.83 million.
The contract for the sale and purchase of shares was signed on June 8, 2017 and in early July China’s BOCE completed the payment of shares purchased at the privatization auction.

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GOODS TURNOVER OF EVO MARKETPLACES 36% UP IN Q1

Goods turnover of marketplaces of the EVO Group in Ukraine (Prom.ua, Bigl.ua, Crafta.ua, Shafa.ua) in January-March 2018 totaled UAH 5 billion, which is 36% more than a year ago, the company’s press service has told the Kyiv-based Interfax-Ukraine news agency.
The number of orders in the first quarter of this year increased one third, while the average receipt did not actually change.
On average, Ukrainians spend UAH 960 for one purchase on Prom.ua, the average receipt on Bigl.ua is UAH 678, for buyers Shafa.ua it is UAH 257, and the average receipt for Crafta.ua is UAH 217.
“Most often Ukrainians buy clothes, equipment and electronics on marketplaces, but the growth pace of these categories are slowing down. EVO analysts said that Ukrainians are more willing to buy food, everyday goods, cosmetics, goods for children, and manufactured goods on the Internet,” the company said.
EVO also said that at the beginning of the year, the demand for goods for construction and repair has traditionally been growing.
In the first quarter of 2018 the number of purchases in the category “food and drink” increased 2.2-fold, to UAH 141 million, in the category “pets and pet products” – by 80.5% to UAH 44.9 million, and in the category “equipment and electronics” – by 72.3% to UAH 743.4 million.
The core business of EVO is marketplaces. The projects of the group are working in the markets of Ukraine, Belarus, Russia and Kazakhstan.
In May 2016, the electronic platform Prom.ua was reorganized into a group of companies EVO.
The group implements B2C, B2B, B2G and C2C projects on the Internet. So, within EVO the following projects are developing: prom.ua, satu.kz, tiu.ru, deal.by, bigl.ua, shafa.ua, kabanchik.ua, crafta.ua, as well as a platform-participant of the electronic public procurement system of Ukraine zakupki.prom.ua.

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