Business news from Ukraine

Business news from Ukraine

ELECTRICITY PRODUCTION BY UKRAINE’S POWER GRIDS DECREASES BY 1.4%

Electricity production by Ukraine’s power grids decreases by 1.4%
Electricity production by Ukraine’s integrated power grids in January-September 2019 decreased by 1.4%, or 1.631 billion kWh, compared to the same period in 2018, to 114.298 billion kWh, Ukraine’s Ministry of Energy and Environmental Protection told Interfax-Ukraine.
Nuclear power plants (NPPs) during this period reduced their electricity production by 0.5% year-over–year (y-o-y), to 60.562 billion kWh. In particular, electricity output by Zaporizhia NPP was 27.858 billion kWh (+0.8% versus January-September-2018), Yuzhnoukrainsk NPP generated 12.898 billion kWh (+9.2%), Rivne NPP 13.428 billion kWh (+18.9%), and Khmelnytsky NPP 6.38 billion kWh (-37.2%).
Thermal power plants (TPPs), as well as combined heat and power plants (CHPPs) and cogeneration plants increased production by 0.5%, to 42.172 billion kWh. TPPs alone increased output by 0.2%, to 34.651 billion kWh, CHPPs and cogeneration plants saw a 1.7% increase, to 7.52 billion kWh.
In January-September 2019, hydro and pump storage power plants reduced production by 38.3%, to 6.161 billion kWh, while isolated generating plants increased output by 17%, to 1.294 billion kWh.
Electricity production by wind farms, solar power plants, biomass plants more than doubled, to 4.109 billion kWh.
The NPPs accounted for 53% of total electricity output January through September 2019 (52.5% y-o-y), while the share of TPPs, CHPPs and cogeneration plants was 36.9% (36.2%) and that of the hydro and pump storage power plants was 5.4% (8.6%). The isolated generating plants accounted for 1.1% (1%), and the share of renewable energy was 3.6% (1.7%).

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UKRAINE ON NIGHT OF SUNDAY OCTOBER 27 SWITCHES TO “WINTER TIME”

Ukraine on the night of Sunday, October 27, switches to “winter time,” moving the clock one hour back, according to the press service of the Ministry of Economy, Trade and Agriculture. Pursuant to Cabinet’s resolution No. 509 from May 13, 1996, each year on the last Sunday in October at 04:00 the clock is moved back one hour.
Each year on the last Sunday of March at 03:00 the clock switches to “summer time,” with the clock moved one hour forward.
Currently, clocks are being moved ahead in more than 70 countries. The countries of the European Union, most of which are located in the UTC+ 1 belt, and the smaller ones in UTC and UTC+ 2, also switch to “winter time”. However, in August 2018, the European Commission made a recommendation to abandon the seasonal time change in 2019, so that member states could decide whether to abandon this mechanism. The recommendation was adopted based on a mass survey among citizens of EU countries, which resulted in 80% supporting the abandonment of “winter time.”
In Europe, Iceland, Russia and Belarus do not switch to “winter time.”
In Ukraine, in 2011, a resolution was adopted to abolish the transition to “winter time,” but it was later cancelled.

ZELENSKY SETS TASK TO CUT BUDGET EXPENSES ON MAINTENANCE OF OFFICIALS

Ukrainian President Volodymyr Zelensky at a meeting with top managers of the government and lawmakers has set a task to cut budget expenses on maintenance of officials by 10%. “We held a meeting to prepare the 2020 national budget for second reading. I listened to the Minister of Finance on the main indicators. I set the task to reduce national budget spending on officials for the next year by 10%,” Zelensky said in his Telegram channel on Friday.
The president said that this would save money and allow channeling funds to socially important budget items.
“This reduction should not affect teachers and doctors, those on whom the future of Ukraine depends,” Zelensky said.

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UKRAINE EXPORTS 17.6 MLN TONNES OF GRAIN SINCE START OF 2019/2020 MY

Ukraine since the beginning of the new marketing year 2019/2020 (MY, July-June) and as of October 25, 2019 had exported 17.597 million tonnes of grain and legumes, which is 42.6% more than on the same date of the previous MY.
According to the information and analytical portal of the agro-industrial complex of Ukraine, to date, the country has exported 10.76 million tonnes of wheat, 3.4 million tonnes of corn, and 3.2 million tonnes of barley.
As of October 25 of this year, farmers had exported 107,300 tonnes of flour.
As reported, Ukraine in the 2018/2019 MY exported a record 50.4 million tonnes of grain, legumes and flour, which is 23% more than in the previous MY.
The U.S. Department of Agriculture (USDA) in September raised its forecast for grain exports from Ukraine for the 2019/2020 MY by 400,000 tonnes compared with the August forecast, to 54.44 million tonnes.

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UKRAINE THRESHES 62 MLN TONNES OF GRAIN BY OCT 25

Ukraine as of October 24 had threshed 62 million tonnes of grain and leguminous crops from 13.5 million hectares (ha) with the average yield being 4.5 tonnes/ha, according to the information and analytical portal of the agro-industrial complex of Ukraine.
According to the report, farmers harvested 21.9 million tonnes of corn from an area of 3.2 million ha (66% of the forecast), 152,000 tonnes of millet from 81,000 ha (90%), 86,000 tonnes of buckwheat from 65,000 ha (95%). Early grain and leguminous crops were collected in the amount of 39.2 million tonnes from an area of 9.96 million ha.
In addition, 13.5 million tonnes of sunflower seeds were harvested from 5.6 million ha (95%), soybeans in the amount of 3.4 million tonnes from 1.5 million ha (94%), and 6.5 million tonnes of sugar beets from an area of 149,000 ha (68%).
As of October 24, Ukrainian farmers had sowed winter crops for the harvest of 2020 on an area of 6.6 million ha, or 91% of the forecast, of which winter wheat amounted to 5.7 million ha (91%), rye to 117,000 ha (96%), and winter barley to 834,000 ha (91%).
In addition, winter rapeseeds were sown on an area of 1.1 million ha.

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DEALER NETWORK OF PSA GROUP IN UKRAINE OPENS SHOWROOM IN KHARKIV

A dealer network of PSA Group in Ukraine has opened another auto dealer in Kharkiv, which became the third DS Automobiles premium class showroom in Ukraine, a press service of a Peugeot Citroen Ukraine import merchant reported.
DS Store Kharkiv auto dealer with a square of 167,000 square meters can place three automobiles, and the service station is equipped by five elevator machines. The location of the auto dealer is convenient for the clients from the neighbor cities and regions: Dnipro, Poltava and Sumy.
The company said that the first dealer of this brand was opened in Kharkiv in July and the second one in Lviv.
Interfax-Ukraine was told that was Alfa Avangard dealer, which opened the auto dealer in Kharkiv.
According to the unified state register of legal entities, individual entrepreneurs and public organizations, LLC Alfa Avangard with a charter capital of over UAH 2 million was registered in September 2019. Andriy Kyryk and Oleksandr Kyryk are its co-owners on an equal footing. The company also has Opel auto dealer in Kharkiv.
DS Automobiles brand has been working since June 2014. A DS 7 Crossback crossover worth UAH 1 million and higher presents the brand in Ukraine.
DS Automobiles brand presented in 32 countries. As of start of 2019, the network consists of 400 brand boutiques and auto dealers of DS STORE and DS SALON formats.

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