In November 2020, solvent banks of Ukraine saw UAH 3.54 billion of net profit, which is two
50% less year-over-year (UAH 7 billion), according to data published on the website of the National Bank of Ukraine (NBU).
According to the data, in January-November 2020, the banks’ net profit decreased by 28.6% year-over-year, to UAH 43.37 billion.
Banks’ incomes for 11 months increased by 3.3% year-over-year, to UAH 229.25 billion, including the result from revaluation and from sales and purchases grew by 1.4 times year-over-year (to UAH 22.5 billion), fee and commission income by 12.3% year-over-year (to UAH 62.97 billion), while interest income fell by 3.7% year-over-year (to UAH 135.49 billion).
At the same time, the banking system’s expenses for the specified reporting period amounted to UAH 186.13 billion, which is 14.1% more than in the same period in 2019. The increase in expenses was due to an increase in amounts sent to reserves (2.9 times more year-over-year), reaching UAH 25.08 billion. In addition, banks’ fee and commission expenses grew by 1.5 times, to UAH 21.57 billion, while interest expenses decreased by 13.7%, to UAH 58.46 billion.
DTEK Oil and Gas has completed the drilling of well No. 57 with a depth of 5,270 meters on Machukhske field and received a flow rate of 300,000 cubic meters per day with a significant growth potential.
According to the press service of the company, the well was drilled in conditions of ultra-high reservoir pressures in 136 days, which is 32 days ahead of the planned date.
“During the work, a Bentec-450 t drilling rig equipped with an intelligent top drive system Smart Top Drive was used. The deviated section of the well was built using Schlumberger rotary steerable systems and LWD logging modules,” the company explained.
DTEK Oil and Gas also noted that a new set of research methods proposed by Weatherford was implemented during the work, which made it possible to conduct an additional assessment of the geological structure, confirm the resource potential and plan technologies for further development of the field.
The drilling contractor was Service-Oil LLC.
As reported, DTEK Oil and Gas increased natural gas production in 2019 by 0.7% compared to 2018, to 1.66 billion cubic meters.
Ukravtodor (the State Automobile Roads Agency of Ukraine) denies information that a number of roads, renovated and built as part of the Big Construction, will soon become toll roads, the ministry’s press service reports on Facebook.
“On December 23, 2020, at a government meeting, a resolution was approved that sets the maximum amount of payment for one-time travel on roads that are built under the concession. There is not a single road built at the expense of private investors in Ukraine yet. That is, none of the Big Construction roads can become toll this year. The only purpose of the resolution is to create conditions for starting a dialogue with investors on the implementation of concession projects in Ukraine,” Ukravtodor reported.
The press service of the department also said that the construction of concession toll roads necessarily involves a free alternative.
Ukravtodor reported that in November, together with the IFC and the Ministry of Infrastructure, they presented a public-private partnership program in the road industry.
“At the first stage, it is planned to transfer to investors six pilot sections of roads with a total length of 1,400 kilometers. On these sections, the investors have no right to charge a toll, but they will earn on roadside infrastructure and availability payments from the state road fund,” the message says.
Foreign trade turnover by the most important positions in Jan-Sept 2020 (import).
PrJSC Myronivsky Hliboproduct (MHP) has created a branch “MHP Logistics” (Kyiv), the company said in the disclosure system of the National Securities and Stock Market Commission.
“The functions that the branch will perform include all types of cargo transportation by road,” the company said.
According to the company, the decision to create the branch was made by the Supervisory Board of MHP on December 21, 2020.
MHP is the largest chicken producer in Ukraine. It is also engaged in the production of cereals, sunflower oil, meat products. MHP supplies the European market with chilled half-carcasses of chickens, which are processed, including at its factories in the Netherlands and Slovakia.
Ukraine in January-September 2020 increased gross natural gas consumption by 3.7% (by 710 million cubic meters) compared to the same period in 2019, to 20.01 billion cubic meters, according to the data of the quarterly monitoring of the National Energy and Utilities Regulatory Commission (NEURC).
According to the calculations of the Interfax-Ukraine agency, in the third quarter of this year, consumption increased by 13.6% (by 520 million cubic meters) compared to July-September 2019, to 4.35 billion cubic meters.
The use of natural gas by household consumers for the nine months of 2020 amounted to 5.31 billion cubic meters, which is 6% less than in the same period last year.
Thus, the share of household consumers in the overall structure of gross consumption for the nine months of 2020 amounted to 26.5% against 29.3% in January-September 2019.
As reported with reference to the NEURC data, Ukraine in 2019 reduced gross natural gas consumption by 6% compared to 2018, to 28.29 billion cubic meters. Consumption of natural gas by household consumers in 2019 decreased by 21.6% compared to 2018, to 8.33 billion cubic meters.
