Business news from Ukraine

Business news from Ukraine

UKRAINE RESUMES EXPORT OF ELECTRICITY TO EUROPE

Since March 1, Ukraine has resumed the export of electricity from the Burshtyn TPP island to the European power system ENTSO-E, according to data on the ENTSO-E platform.

According to the operational data of NPC Ukrenergo, as of 18:45 Tuesday, electricity exports to Hungary were at the level of 486 MW, Poland – 210 MW, Romania – 93 MW; and the total volume was 789 MW.

At the same time, electricity to Ukraine was imported from Slovakia at the level of 188 MW, Hungary – 160 MW, Romania – 62 MW; with a total volume of 410 MW.

The import of electricity to the Integrated Power System of Ukraine (IPS) from Belarus also remained at the level of 100 MW.

According to market participants, the resumption of electricity exports to Europe became possible after a decrease in electricity consumption in Ukraine as a result of warm weather, as well as an increase in the load on nuclear power plants, which now operate in the amount of 12 power units out of 15.

“In the winter period of the shortage, three units at Burshtyn TPP instead of export were supplying power to Ukraine, the rest of the units met the conditions of ENTSO-E capacity order, and also provided the consumers of the island itself,” First Deputy Chairman of the Ukrainian Energy Assembly Yuriy Sakva told Interfax-Ukraine.

According to the data of SOE Market Operator, as of March 2, the price of electricity on the day-ahead market (DAM) in the Burshtyn TPP island in the database was EUR 46.49 per MWh, while in Romania it was EUR 48.29, in Hungary – EUR 53.19 and Poland – EUR 62.30 per MWh.

PARIMATCH GETS GAMBLING LICENSE IN UKRAINE

The Gambling and Lotteries Regulation Commission has agreed to issue a license to Parimatch LLC (Kyiv) for organization of gambling activities.
This is evidenced by the decision of the commission of March 2 posted on its website.
According to the law on the regulation of the gambling market, the company is obliged to pay UAH 108 million for the license. Its validity is five years.
Earlier, Parimatch LLC, registered in November 2019 with a charter capital of UAH 60 million, received a license to conduct casino gambling on the Internet.
The main activity of the company is the organization of gambling. The ultimate beneficiary is Kateryna Biloruska.

,

MEXICAN GRUPO BIMBO PLANS TO BUILD BAKERY PLANT IN UKRAINE

Bimbo QSR Ukraine, part of the international bakery holding company Grupo Bimbo, is considering the possibility of building a plant in Fastiv (Kyiv region) to manufacture products for one of the world’s largest fast food chains.
As Head of the International Relations and Communications Department of the state-run investment company Ukraine Invest Olena Hitlianska wrote on Facebook, Bimbo QSR Ukraine on March 4, within the framework of the Industrial Relocation: Opportunities for Accelerated Development of Communities and Regions conference, will decide on the construction of a bakery plant on a land plot in Fastiv.
Hitlianska said that the government office of Ukraine Invest helps the Mexican investor, in particular, in finding a site for the construction of the plant.
She also said that within the framework of this conference, investment projects that will be implemented this year within the FastIV industrial and logistics cluster will also be presented.
According to the data of the unified public register of legal entities and private entrepreneurs, Bimbo QSR Ukraine was registered in 2000 by Dutch Bimbo QSR B.V. in Dnipro with a charter capital of UAH 297,000.
According to the website of Grupo Bimbo, it is represented in 33 countries, owns 196 factories, and the company has a worldwide network of 3 million points of sale. The bakery holding produces about 13,000 names of products under more than 100 brands.
As reported, Grupo Bimbo in October 2017 bought the East Bolt Ukraine bakery (Dnipro), which produced burger buns for the international fast food chain McDonald’s.

, ,

WORLD LEADER IN SUNFLOWER OIL PRODUCTION TO INVEST ADDITIONAL $63 MLN TO UKRAINIAN SIX OIL CRUSHING PLANTS

Kernel, the world leader in sunflower oil production, will invest an additional $63 million in 2021 fiscal year (started on July 1, 2020) in the implementation of an investment program for the construction of cogeneration heat and power plants its six oil crushing plants.
According to the company’s H1 FY2021 financial report, taking into account these funds, the total investment in the program since its inception in FY2018 reached $169 million. Three plants have already been already constructed and completing the precommissioning works, and three remaining facilities are to be commissioned in FY2022.
Kernel said that more than 50% of energy is already received from renewable sources, and their contribution to EBITDA in H1 FY2021 amounted to $10 million.
The company also recalled the goal announced in FY2020 to reduce greenhouse gas emissions by 5% over the next five years in the oilseeds segment.

, ,

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 03/03/21

National bank of Ukraine’s official rates as of 03/03/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF MARCH 03

Official rates of banking metals from national bank as of March 03

One troy ounce=31.10 grams

,