Business news from Ukraine

Business news from Ukraine

UKRAINE IN JANUARY-NOVEMBER REDUCES ELECTRICITY CONSUMPTION

Electricity consumption in Ukraine in January-November 2020, taking into account in-process losses, decreased by 3.6% (by 4.917 billion kWh) compared to the same period in 2019, to 131.305 billion kWh, the Ministry of Energy has told Interfax-Ukraine.
Excluding in-process losses, electricity consumption over 11 months decreased by 3.2% (by 3.456 billion kWh), to 105.864 billion kWh.
The country’s industry, excluding in-process losses, reduced electricity consumption by 4.6%, to 44.768 billion kWh. In particular, metallurgical industry consumed 24.767 billion kWh (6.4% less compared to January-November 2019), fuel industry 2.791 billion kWh (5.6% less), machine building industry – 2.791 billion kWh (16.5% less), chemical and petrochemical – 3.953 billion kWh (11.7% more), food and processing – 3.953 billion kWh (3.7% down), construction materials – 2.116 billion kWh (1.9% more), others – 4.422 billion kWh (4.1% more).
In addition, agricultural enterprises consumed 3.411 billion kWh (0.2% more), transport – 5.103 billion kWh (14.5% less), construction – 831.2 million kWh (4% less).
The population of the country consumed 32.583 billion kWh (2.4% more), household consumers – 12.719 billion kWh (6.7% less), other non-industrial consumers – 6.449 billion kWh (down by 3.9%).
According to the results of 11 months, the share of industry in the total volume of electricity consumption decreased from 42.9% to 42.3%, while the share of the population increased from 29.1% to 30.8%.

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POLICE DETAINS CAR WITH 700 KG OF AMBER IN WESTERN UKRAINE

In the Novohrad-Volynsky region, law enforcement officers caught up and forcibly stopped a Nissan minibus, which contained 27 bags of amber, the police communication department of Zhytomyr region reports.
“At about 20:00 on 255 kilometer of the Kyiv-Chop highway, near Povchyno village, Novohrad-Volynsky district, the patrolmen forcibly stopped a Nissan car. Moving through the territory of Rivne region, the driver violated several traffic rules and did not stop at the request of the police, so they decided to catch up with him and check. As it turned out, the driver avoided talking to the police because of the cargo in the minibus,” a message on the police website says.
So, when inspecting the car, it turned out that the driver was transporting 27 bags of stones that looked like raw amber. However, in order to avoid administrative and criminal liability, the driver, 51-year-old resident of Chernivtsi region, offered the police EUR 1,000 of inappropriate benefits.
The discovered stones were seized and transferred for safekeeping at the State Directorate of the National Police in Zhytomyr region, an expert study was appointed.
The pretrial investigation is carried out in accordance with Article 240-1 (illegal extraction, sale, acquisition, transfer, shipment, transportation, processing of amber) of the Criminal Code of Ukraine. The police also documented the circumstances of improper benefits offer to the patrolmen. On this fact, criminal proceedings have been initiated under Article 369 of the Criminal Code of Ukraine.

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STRUCTURE OF EXPORT OF SERVICES IN THE FIRST HALF OF 2020 (GRAPHICALLY)

Structure of export of services in the first half of 2020 (graphically).

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SOUTH KOREAN CARIS PLANS TO BUY OUT SHARES OF MINOR SHAREHOLDERS OF CRANE BUILDING COMPANY

Caris Ukraine LLC (Kyiv), controlled by South Korean Caris, intends to buy out the shares of minority shareholders of Strila crane building company (Brovary, Kyiv region), in which it owns 89.837% of shares.
According to the public irrevocable demand published in the information disclosure system of the National Securities and Stock Market Commission of Ukraine, the shares from the minority shareholders will be redeemed at UAH 129.4 per share (with a par value of UAH 110).
The charter capital of JSC Strila is UAH 6.21 million.
At present, Strila plant, which employed ten people by the beginning of this year, does not carry out production activities (since 2015), and receives main income from the sale of materials and partial lease of premises.
Caris, according to its information, has enterprises in many countries of the world, construction, logistics companies, companies for the production of innovative materials and components for road construction and traffic safety, and also has an R&D center that owns patented innovative technologies for the production of polymer and superhard materials used in heat power engineering, industrial electronics and mechanical engineering.

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FERREXPO RAISES PRODUCTION OF PELLETS

British-based Ferrexpo Plc, which in Ukraine, in particular, controls Poltava and Yeristovo ore mining and processing plants (Poltava GOK and Yeristovo GOK), in January-November of this year, according to recent data, increased the total production of pellets by 5% compared to the same the period of 2019, to 10.16 million tonnes.
A representative of the company informed Interfax-Ukraine that during this period the output of concentrate increased by 4.8%, to 12.7 million tonnes.
In November, the company produced 980,000 tonnes of pellets and 1.2 million tonnes of concentrate.
According to the company, Ferrexpo in the first quarter of 2020 compared to the same period in 2019 increased its total pellet production by 7.4%, to 2.725 million tonnes. In particular, the production of pellets with a 65% iron content was 2.652 million tonnes (an increase of 9.1%), with a 62% iron content some 73,330 tonnes (a decrease of 31.8%).
In the second quarter of this year, Ferrexpo increased its pellet production by 5.4% from the previous quarter, to 2.873 million tonnes, in particular it produced 2.848 million tonnes of pellets with a 65% iron content (an increase of 7.4%), 24,700 tonnes with a 62% iron content (a decrease of 66.3%).
In the third quarter of 2020, total pellet production decreased by 12% compared to the second quarter, to 2.537 million tonnes from 2.873 million tonnes, while no pellets with a 62% iron were produced.
Ferrexpo is an iron ore company with assets in Ukraine.
Ferrexpo owns 100% of shares in Poltava GOK, 100% in Yeristovo GOK and 99.9% in Belanovo GOK.

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MORE THAN 70% OF BEDS FOR COVID-19 PATIENTS IN UKRAINE PROVIDED WITH OXYGEN

More than 70% of beds allocated for patients with COVID-19 are provided with oxygen today in Ukraine, Deputy Minister of Health, Chief Sanitary Doctor of Ukraine Viktor Liashko said.
“Today, more than 70% of all beds allocated for COVID-19 are provided with oxygen. Now 55-60% of those hospitalized need oxygen treatment,” Liashko wrote on his Facebook page.
He said that 64,349 beds have been redesigned in hospitals to provide medical care for people with COVID-19, of which 44,436 are oxygen beds, which is almost 70% of all allocated beds.
“Today in hospitals we have 29,487 free beds with oxygen. On average, 55-60% of those hospitalized with COVID-19 need oxygen support,” he said.

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