Business news from Ukraine

Business news from Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JANUARY 3

Official rates of banking metals from national bank as of january 3

One troy ounce=31.10 grams

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TWO WIND FARMS OF 76 MW TO BE BUILT IN LVIV REGION

Skolivska wind farm and Karpatska wind farm intend to build two wind power plants with a capacity of 40 MW and 36 MW (Lviv region), the website of the unified register of environmental impact assessment reports.
According to the report, within the framework of the project, Skolivska Wind Farm LLC plans to install 14 wind turbines. Karpatska Wind Farm LLC intends to install 15 wind turbines. The building area of the two stations will be 18 ha.
According to the unified state register of legal entities, Skolivska Wind Farm and Karpatska Wind Farm are owned by Cyprus-based Plotsan Holdings Limited, whose ultimate beneficiaries are a Swiss citizen and Ihor Ronchevych.

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UKRAINE RAISES GAS TRANSIT BY 3.2% IN 2019

Ukraine in 2019 increased transit of natural gas through its gas transmission system (GTS) by 3.2% (by 2.807 billion cubic meters) compared to 2018, to 89.586 billion cubic meters, according to recent data from JSC Ukrtransgaz.
According to the calculations of the Interfax-Ukraine agency, in particular gas transit through the country to Europe last year amounted to 86.696 billion cubic meters (3.4% more from 2018), to Moldova some 2.890 billion cubic meters (1.7% less).
In December 2019, gas transit increased by 6.3% (by 479.8 million cubic meters) compared to the same month of 2018, to 8.092 billion cubic meters. In particular, gas transit through Ukraine to Europe amounted to 7.736 billion cubic meters (up by 7%), Moldova some 356.1 million cubic meters (7.2% less).

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BIOSPHERE CORPORATION SEEKS TO LAUNCH DIAPER PRODUCTION EARLY 2020

The Biosphere Corporation, a leading manufacturer and distributor of household and hygienic products in Ukraine and the CIS, has started accepting a line for production of diapers in Italy and plans to start their production in Ukraine early 2020, the founder and CEO of the corporation Andriy Zdesenko has said.
“We plan to become number one manufacturer of private brands of diapers in Ukraine and several of our private labels,” he told Interfax-Ukraine on December 28.
Zdesenko said that on December 18-19 the first stage of equipment acceptance took place, and its final acceptance will be in Italy on January 13-17, after which the equipment will be installed at the production site in Dnipro.
Commenting on the unsuccessful attempts in the past of other domestic entrepreneurs to arrange the production of diapers in Ukraine, the founder of Biosphere noted the complexity of production technology and high competition in the market.
“But now there is confidence that we have gained enough expertise and brand recognition for the Biosphere. We also invited a specialist from Canada to lead this production, so we are ready to seriously compete with Western brands,” Zdesenko said.
The Biosphere Corporation has been operating in Ukraine for over 20 years. Its products are presented in about 20 markets in Europe and Asia. The product portfolio includes more than 2,000 items.

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AUSTRIA’S LATSCHBACHER OFFERS UKRAINE FOREST INVENTORY WITH LASER SCANNING FOR ABOUT EUR 10 MLN

Latschbacher Group, together with Austrian partners, offers ground-based laser scanning technology for forest inventory in Ukraine, as well as studies based on simulation of forest growth, Volodymyr Molochko, a specialist in accounting harvested forest and solutions for tracking forest supply chains at Timber & Equipment GmbH from Latschbacher Group, has reported.
“We prepared calculations of the project. We’ve performed various calculations that will help soberly evaluate different ways of conducting an inventory. According to our estimates, the cost of implementing the national forest inventory in Ukraine using modern methods with laser technology will be about EUR 10 million,” he said in an interview with the Interfax-Ukraine agency.
Gunther Bronner, a specialist in accounting technologies for growing forests at Umweltdata GmbH, explained that traditionally the national forest inventory is carried out using standard methods based on laying sampling points and creating special teams.
According to data from Austrian experts, Ukraine plans to carry out the national forest inventory using standard methods, which will take five years and substantially more funds. In particular, they noted it is necessary to lay more than 16,000 sample points across the entire forest area in Ukraine, process 400 points a month, which will require at least nine teams of two people each.
“If to look at the costs spent on conducting the national forest inventory, the time and effort spent on it, and compare the benefits actually gained from this with the capabilities of laser scanning from an airplane, there will be no other alternative but to get into a deep depression,” Molochko believes.
According to Bronner, several countries, in particular Austria and Ireland, use an alternative method of laser scanning, and the experience of Austria with mixed forests and mountainous terrain similar to those in Ukraine would be very useful for Ukraine. He added that new laser technologies allow to significantly expand knowledge about the growing forest, the boundaries of forest areas, the topography, species and assortment composition, get a comprehensive model of crown heights, as well as identify forest areas infected by the beetle and plan its harvesting, build forest roads and get the maximum economic effect.
“A thorough mapping of forest resources will open the way to a quality forest management system. We estimate losses from inefficient forest management in Ukraine at tens of millions of euros per year, and these are optimistic figures,” Molochko said.
He specified that the forest area in Ukraine is approximately 10.4 million hectares, which is comparable to Poland, where the forest area is about 9.2 million hectares or Germany, which has 10.7 million hectares of forests. However, legal timber harvesting in Ukraine is about 20 million cubic meters per year, while in Poland and Germany the figure is about 40 million cubic meters and 64 million cubic meters respectively.

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UKRAINE REDUCES GAS PRODUCTION BY 0.8% IN 11 MONTHS

Natural gas production in Ukraine fell 0.8% year-on-year in January-November 2019, to 18.916 billion cubic meters (bcm), the Energy and Environment Protection Ministry has told Interfax-Ukraine.
Naftogaz group enterprises lowered gas output by 2.2%, to 14.722 bcm: Ukrgazvydobuvannia produced 13.653 bcm of gas, down 2.9%, Ukrnafta produced 1.062 bcm, up 8.1%, and Chornomornaftogaz produced 6.5 million cubic meters (mcm), down 10.3%.
Other producers boosted gas output by 4.4%, to 4.194 bcm in the 11 months. The biggest of them were Naftogazvydobuvannia with 1.509 bcm, Ukrnaftoburinnia with 670.03 mcm, and ESKO-Pivnich, which produced 486.59 mcm.

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