Business news from Ukraine

Business news from Ukraine

UKRAINE REDUCES ELECTRICITY CONSUMPTION BY 5.8%

Electricity consumption in Ukraine, taking into account in-process losses in power grids, decreased by 5.8% (by 3.121 billion kWh) in January-April 2020, compared to the same period in 2019, to 50.810 billion kWh, the Ministry of Energy and Environment Protection has told Interfax-Ukraine.
Excluding in-process losses, electricity consumption over the first four months decreased by 5% (by 2.166 billion kWh), to 40.769 billion kWh.
The country’s industry, excluding technological losses, reduced electricity consumption by 6.6%, to 16.288 billion kWh. In particular, metallurgical industry consumed 8.938 billion kWh (9.7% less compared to January-April 2019), fuel industry some 1.099 billion kWh (7.2% less), machine building industry some 1.172 billion kWh (17.7% less), chemical and petrochemical some 1.307 billion (17.1% more), food and processing some 1.408 billion kWh (3.6% less), construction some 670.5 million kWh (2.1% less), others some 1.694 billion kWh (1.1% more).
In addition, agricultural enterprises consumed 1.120 billion kWh (2.6% less), transport some 2.145 billion kWh (9.8% less), developers some 354.6 million kWh (8.3% less).
In January-April 2020 the country’s population consumed 13.108 billion kWh (0.9% less), households some 5.101 billion kWh (8.8% less) and other non-industrial consumers some 2.653 billion kWh (3.9% less).
The share of industry in total electricity consumption over the first four months fell from 40.6% to 40%, while the share of the population grew to 32.2% from 30.8%.
In April 2020, electricity consumption, taking into account in-process losses, decreased by 7% (by 835.6 million kWh) compared to the same month of 2019, to 11.086 billion kWh, excluding in-process losses it fell by 7.8% (763.1 million kWh), to 9.28 billion kWh.

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 25/05/20

National bank of Ukraine’s official rates as of 25/05/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF MAY 25

Official rates of banking metals from national bank as of May 25

One troy ounce=31.10 grams

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ELEKTROSTAL INCREASES CONTINUOUS CAST STEEL BILLETS PRODUCTION BY 28%

Elektrostal steel smelting enterprise (Kurakhove, Donetsk region) produced 36,000 tonnes of continuous cast steel billets in January-April 2020, compared to 28,000 tonnes in the same period in 2019.
A representative of the enterprise told Interfax-Ukraine that in April the plant smelted 7,000 tonnes of products.
He said that the enterprise stood idle from January to the middle of March, and partially resumed its operation from the middle of March 2019. Then the enterprise worked at one third of its capacities or less.

UKRAINE EXTENDS PROBE INTO IMPORT OF SEAMLESS STAINLESS PIPES FROM CHINA

The Interdepartmental Commission on International Trade has extended the terms of the antidumping instigation into imports of stainless seamless hot-finished pipes from China.
According to a report in the Uriadovy Kurier newspaper, the investigation was extended to 13 months from the moment of its opening.
“In accordance with the law of Ukraine on the protection of national producers from dumping imports, the Interdepartmental Commission on International Trade reviewed materials submitted by the Ministry for Economic Development, Trade and Agriculture of Ukraine on the progress of the antidumping investigation regarding the import of steel seamless hot-finished pipes originating from China into Ukraine and, based on the results of the review, established that there is a need to extend the deadline for the antidumping investigation,” the commission said in the statement.
At the same time, the Commission on May 13, 2020 made a decision according to which it decided to extend the deadline for conducting this antidumping investigation, initiated on May 14, 2019, to 13 months.
As reported, the Interdepartmental Commission on International Trade initiated the antidumping investigation following the submission of a complaint by the national pipe producer Interpipe Niko Tube (Nikopol, Dnipropetrovsk region).

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WINDROSE TO START NEW FLIGHT PROGRAM IN UKRAINE FROM JUNE 15

Windrose has announced the start of the new flight program inside Ukraine from June 15, 2020. According to a posting on Windrose’s official Facebook page, the airline plans to connect the east, west, north and south of Ukraine with a flexible flight schedule, starting flights between Kyiv, Lviv, Odesa, Kharkiv and Dnipro.
Windrose said that thanks to the new flight schedule for Ukraine, passengers will have the opportunity to choose between morning, afternoon and evening departures and visit two or three cities a day.
“In particular, one can get from Lviv to Kharkiv and return back within one day. This is a new opportunity to quickly move within the country several times a day,” the airline said.
So, Windrose plans to fly from the Boryspil international airport (Kyiv) to Dnipro, Odesa, Lviv and Kharkiv performing three flights per day. At the same time, direct flights between regions, for example Kharkiv-Lviv, are planned to be performed once or twice a week.
From July 15, the airline intends to additionally open daily flights from Kyiv to Mykolaiv using ATR72-600 and Еmbraer Е145 aircraft.

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