Business news from Ukraine

Business news from Ukraine

UKRAINE CUTS ELECTRICITY CONSUMPTION BY 4.2% IN JAN-OCT

Electricity consumption in Ukraine, taking into account in-process losses in power grids, decreased 4.2% in January-October 2020, compared to the same period in 2019, to 117.919 billion kWh, the Ministry of Energy has told Interfax-Ukraine.
Excluding in-process losses, electricity consumption in the first 10 months decreased 3.2%, to 95.88 billion kWh.
The country’s industry, excluding technological losses, reduced electricity consumption by 5%, to 40.614 billion kWh. In particular, metallurgical industry consumed 22.527 billion kWh (7.4% less compared to January-October 2019), fuel industry some 2.654 billion kWh (5.8% less), machine building industry some 2.504 billion kWh (17.1% less), chemical and petrochemical some 3.482 billion (14.4% more), food and processing some 3.553 billion kWh (4.2% less), construction some 1.9 billion kWh (1.1% more), others some 3.553 billion kWh (0.5% more).
In addition, agricultural enterprises consumed 3.116 billion kWh (0.6% more), transport some 4.595 billion kWh (14.8% less), developers some 745.2 million kWh (4.5% less).
In January-October 2020 the country’s population consumed 29.498 billion kWh (2.8% more), households some 11.454 billion kWh (6.9% less) and other non-industrial consumers some 5.858 billion kWh (3.8% less).
The share of industry in total electricity consumption in the first 10 months fell from 43.2% to 42.4%, while the share of the population grew to 30.8% from 29%.
In October 2020, electricity consumption, taking into account in-process losses, decreased 4.6% compared to the same month of 2019, to 11.79 billion kWh, excluding in-process losses it fell by 0.8%, to 9.641 billion kWh.

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UKRAINE REDUCES COAL IMPORTS BY 19.4% IN JAN-OCT

Ukraine in January-October 2020 reduced import of coal and anthracite (foreign economic activity code 2701) by 19.4% (by 3.359 million tonnes) compared to the same period in 2019, to 13.966 million tonnes.
According to the State Customs Service of Ukraine, coal was imported for $1.432 billion, which is 39.4% less than in January-October 2019 ($2.365 billion).
Coal came from Russia for the tune of $869.797 million (a share in imports of 60.74%), the United States for $427.945 million (29.88%), Kazakhstan for $96.257 million (6.72%), and other countries for $38.09 million (2.66%).
In the first 10 months of 2020, Ukraine exported 2,255 tonnes of coal for $0.186 million, compared with 13,318 tonnes for $0.527 million during the same period in 2019, including $0.156 million to Poland, $0.027 million to Moldova and $0.004 million to Hungary.

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UKRAINE CUTS COPPER IMPORT BY 9%, EXPORT BY 7.6%

Ukrainian enterprises reduced the import of copper and copper products in value terms by 9% to $93.276 million in January-October this year compared to the same period last year.
According to customs statistics published by the State Customs Service of Ukraine, export of copper and copper products decreased 7.6% to $63.017 million in the first 10 months of 2020.
In October, copper and copper products were imported in the tune of $11.915 million, and exported in the tune of $7.934 million.

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PASSENGER TRAFFIC OF BORYSPIL AIRPORT FALLS BY 65%

Passenger traffic at Boryspil International Airport decreased by 65% in January-October 2020 and amounted to 4.53 million people.
As the airport said on its Facebook page on Monday, the number of transfer passengers decreased by 84.9% to 435,500, the number of flights by 57.9% to 39,800.
In October 2020, the airport served 472,500 passengers (less by 67.3%), of which 17,400 (84.9% less) were transfer.
The number of flights was more than 4,300 (56.9% less) in the past month.
As reported, Boryspil International Airport in 2019 increased passenger traffic by 21.1% to 15.260 million people compared to 2018.
Boryspil International Airport is the largest airport in Ukraine with a total occupied area of about 1,000 ha. It has two runways: the one is 4,000 meters long and 60 meters wide, the second is 3,500 meters long and 63 meters wide. There are four passenger terminals and a postal and cargo complex on its territory.

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KERNEL SUGGESTS SHAREHOLDERS APPROVING FY2020 DIVIDENDS AT $0.42 PER SHARE

The annual general meeting of shareholders of Kernel, one of the largest Ukrainian agrarian groups, at a meeting on December 10, plans to approve the payment of dividends for the 2020 financial year (FY, July-2019 – June-2020) in the amount of $0.42 per share.
This is stated in the draft decisions of the general meeting at the Warsaw Stock Exchange on Monday.
In addition, the shareholders plan to agree at the meeting to reappoint the Luxembourg Deloitte Audit as an independent auditor of Kernel.

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MOBILE OPERATORS CONNECT 2,500 SETTLEMENTS TO 4G IN OCT

In October 2020, mobile operators connected 2,497 settlements to 4G communication, providing 320,000 Ukrainians with high-speed mobile Internet, the Ministry of Digital Transformation said on its Facebook page on Monday.
“With the support of the Ministry of Digital Development, mobile operators provide access to 4G for residents of rural areas and remote regions of the country. Over the past month, almost 2,500 settlements have been connected to 4G, and more than 300,000 Ukrainians have been able to use high-speed Internet in their cell phone for the first time,” the press service of the ministry quoted Deputy Prime Minister, Minister of Digital Transformation Mykhailo Fedorov as saying.
According to the minister, the project of providing high-speed Internet to Ukrainians is a priority for the state. “Thanks to the launch of the provision of 4G mobile services in the 900 MHz range, we have doubled the coverage of high-speed mobile Internet,” he clarifies.
According to the ministry, over the entire period of the project, from July to October 2020, more than 4.7 million Ukrainians received 4G (7,700 settlements). At the same time, more than 1.5 million Ukrainians received 4G for the first time (3,800 settlements). In general, 20,506 cities and villages have 4G in the country.
“It remains to connect another 7,300 settlements. These are small villages, where residents often do not have any access to high-speed Internet. By the end of the year, 4G will become available to residents of Cherkasy, Dnipropetrovsk, Kherson, Kharkiv, Zaporizhia, Donetsk, Luhansk regions,” the ministry said.

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