Business news from Ukraine

Business news from Ukraine

FERREXPO LAUNCHES SOLAR PLANT IN UKRAINE

Ferrexpo, a mining company with assets in Ukraine, has launched a pilot project of a 5 MW solar battery complex at the operating industrial site of Poltava Mining and Processing Plant (Poltava GOK) without a feed-in tariff, the company said.
“This is a pilot project, after which the company will move to a full-scale replacement of conventional electricity with renewable energy from the sun as part of the program of decarbonization of manufactured products. Ferrexpo plans to build a power plant for the production of renewable energy with a capacity of 250-1,000 MW in the medium term,” the document says.
According to the report, almost 10,000 photovoltaic panel of Jinko Solar were used in the implemented project, the panels are installed on the dumps of the quarries in order to rationalize the use of the area.
The cost, according to the press release, was “several million U.S. dollars.” The company financed it without using any state compensation programs, subsidies, grants or a feed-in tariff.
“We have achieved a market return on this project without any feed-in tariffs from the state, which should be an example for other enterprises building renewable energy generation facilities,” Ferrexpo said.
According to chairman of the board of Poltava GOK Viktor Lotous, the solar plant will generate 6.5-7 million kWh of electricity per year and supply it for consumption by the group’s enterprises at the operating industrial site.
“The launch of its own generation reduces the negative consequences of monopolization of the energy market for Ferrexpo due to the restriction of competition and the risks of an increase in the tariff for electricity transmission,” he said.
Ferrexpo owns 100% of shares in Poltava GOK, 100% in Yeristovo GOK and 99.9% in Belanovo GOK.
In 2020, the company increased its net profit by 57.5%, to $ 635.3 million with an increase in revenue by 12.8%, to $ 1.700 billion. Last year, Ferrexpo increased its total production of pellets by 7%, to 11.22 million tonnes, concentrate output increased by 5.9%, to 14 million tonnes.
In the first half of this year, Ferrexpo cut pellet production by 0.6%, to 5.563 million tonnes, but total production, which also includes commercial concentrate, rose by 2%, to 5.712 million tonnes.

,

QUOTES OF INTERBANK CURRENCY MARKET OF UKRAINE (UAH FOR €1, IN 01.06.2021-30.06.2021)

QUOTES OF INTERBANK CURRENCY MARKET OF UKRAINE (UAH FOR €1, IN 01.06.2021-30.06.2021)

, , ,

DENYS MONASTYRSKY: MY MAIN PRIORITY AS INTERIOR MINISTRY WILL BE SAFETY OF OUR CITIZENS

Candidate for the post of the head of the Ministry of Internal Affairs of Ukraine Denys Monastyrsky assures that as the minister he will focus on the safety of citizens and strengthening the level of trust in law enforcement agencies.
Speaking from the rostrum of the Verkhovna Rada on Friday, he thanked President of Ukraine Volodymyr Zelensky for his trust. “The main priority will be the safety of citizens, society, strengthening the level of trust in law enforcement agencies,” he added.
As reported, Arsen Avakov on Tuesday submitted a letter of resignation from the post of Minister of Internal Affairs of Ukraine, which the Verkhovna Rada supported on July 15.

, , , ,

WIZZ AIR STARTS FLIGHTS ABU DHABI-ODESA

Wizz Air Abu Dhabi has opened sales for the Abu Dhabi-Odesa flight, which will be launched in September, Director of Odesa International Airport Volodymyr Semenchenko has reported.
“There were companies that paused the approach to Odesa. The opening of a new runway will activate the process. Wizz Air Abu Dhabi has already opened sales to Odesa since September,” Semenchenko said during the ceremony of opening the new runway.
According to him, the flights will be operated by Airbus 321neo aircraft.
“There are several more companies with which we have signed contracts, but it is too early to announce them,” the director said.
Wizz Air Abu Dhabi low cost airline is based in the UAE and is a joint venture between state-owned ADQ and Hungary’s Wizz Air Holdings plc.

, , ,

UKRAINE GOING TO INTRODUCE ELECTRONIC REGISTRATION OF PLACE OF RESIDENCE

The Verkhovna Rada intends to introduce electronic registration of place of residence for Ukrainians.
Some 251 MPs voted at the first reading for relevant bill No. 5463 on the implementation of public electronic services for registration and declaration of residence in Ukraine at an extraordinary plenary session of parliament on Thursday.
The bill proposes to declare place of residence online using the single state portal Diia.
According to the bill, in the case of declaring or registering a place of residence according to a declaration (application) filed in electronic form, enrollment, deregistration of conscripts, persons liable for military service and reservists is carried out by the corresponding district (city) territorial centers of recruitment and social support based on information about a conscript/person liable for military service/reservist in electronic form, sent by the registration authorities through the unified information system of the Ministry of Internal Affairs to the Unified State Register of conscripts, persons liable for military service and reservists.

,

NEW RUNWAY OF ODESSA INTERNATIONAL AIRPORT BEGINS ACCEPTING AIRCRAFT

A new runway of Odessa International Airport from July 16 began to accept aircraft, the first board to land on the runway was internal flight PQ107 from Boryspil to Odessa of SkyUp Airlines.
“The new runway is the starting point of a new era, our airport is beginning to transform into a powerful air hub in Eastern Europe,” Director of Odessa International Airport Volodymyr Semenchenko said during the opening ceremony of the development concept.
According to his forecasts, after last year’s drop in passenger traffic, Odessa airport expects to accept 1.45 million people in 2021, and reach 4 million in 2026.
The length of the new runway is 2.8 km, the width is 45 meters, construction work lasted 31 months. The accompanying infrastructure was also built: two steering lanes, a modern navigation system for landing, an apron in front of the new terminal, four bridges for boarding and disembarking passengers.
For the first time in Eastern Europe, the technology of “heavy” concrete with a thickness of 40 cm was used, due to which the strength and capacity of the strip was doubled.
According to Semenchenko, after extending the strip up to 3.2 km, the airport will be able to accept E class aircraft, which operate long-haul flights.

, , ,