Business news from Ukraine

Business news from Ukraine

NAFTOGAZ UKRAINY REDUCES GAS PRICE FOR PUBLIC BY 13%

NJSC Naftogaz Ukrainy has reduced the price of gas for households and heating companies by 13% in December compared with the price in November, to UAH 4,277 per 1,000 cubic meters (excluding VAT, transportation costs and gas sellers’ margins), the company said in a press release.
“Despite the fact that according to the results of exchange trading, the market price of gas in the Ukrainian market did not decrease over the past month, the regulated price in December 2019 decreased in accordance with the declared value of gas cleared in November,” Naftogaz noted.
The company noted that this price level is not market and is determined according to the formula established by the Cabinet of Ministers in its resolution No. 293. In particular, according to the document, the population and heating companies purchase gas at the minimum of four prevailing in the market value: the average import price according to the Ministry of Economic Development and Trade, the price of Naftogaz Ukrainy for industry, the average weighted price at the auctions on the Ukrainian Energy Exchange, PSO under resolution No. 867. This mechanism of social price formation is valid until the end of 2019. From January 1, 2020, in accordance with agreements with the International Monetary Fund, Ukraine will switch to market pricing for household consumers.

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EBRD AND SWEDEN PLAN TO PROMOTE SOLID WASTE TREATMENT PROJECT IN LVIV

Тhe European Bank for Reconstruction and Development (EBRD) and Sweden have issued funds for an information campaign to promote a solid waste treatment project in Lviv, for which the EBRD together with environmental funds allocated EUR35 million. “In Ukraine, more than 95% of solid waste is brought to landfills, 99% of which do not meet EU standards and carry environmental, safety and health risks. In Sweden, in 2018 less than 1% of solid waste was brought to landfills, and more than 99% was recycled,” Ambassador of Sweden Tobias Thyberg said during the official launch of the program in Kyiv.
Within the framework of the project, which is designed for three years, a number of Internet resources will be created, as well as events with mass media, the public and non-governmental organizations will be carried out. The communications agency Noblet Media CIS is implementing the project, and its cost is not disclosed.
“Today, garbage is an element of politics. I would like this issue to be outside of politics,” Lviv Mayor Andriy Sadovy said.
According to him, after setting fire to the landfill in the Velyki Hrybovychi village, the city has been suffering a garbage blockade for almost two years, and the EBRD and other European partners came to the rescue first. The mayor noted that the city is very interested in the implementation of this project, since it annually has to spend UAH 300 million on garbage removal.

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UKRAINIAN FOREIGN TRADE TURNOVER IN JAN-SEPT 2019 (IMPORT)

Ukrainian foreign trade turnover in jan-sept 2019 (import)

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UKRAINIAN FOREIGN TRADE TURNOVER IN JAN-SEPT 2019 (EXPORT)

Ukrainian foreign trade turnover in Jan-Sept 2019 (export)

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TOP 20 COUNTRIES UKRAINE HAS POSTED THE HIGHEST SURPLUS OF TRADE IN GOODS IN JAN-SEPT 2019

Top 20 countries Ukraine has posted the highest surplus of trade in goods in Jan-Sept 2019

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF DECEMBER 10

Official rates of banking metals from national bank as of December 10

One troy ounce=31.10 grams

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