Business news from Ukraine

Business news from Ukraine

VOLUME OF CONSTRUCTION PRODUCTS PRODUCED BY TYPE IN JAN-SEPT OF 2020 (MLN UAH)

Volume of construction products produced by type in Jan-Sept of 2020 (MLN uah).


SSC of Ukraine

GREEN CARD PREMIUMS IN UKRAINE 29.8% DOWN, NUMBER OF CONTRACTS 45% DOWN IN TEN MONTHS

Accrued insurance premiums under Green Card international insurance contracts concluded by the member companies of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) in January-October 2020 decreased by 29.82% compared to the same period in 2019, to UAH 1.007 billion.
As the MTIBU reported on the website, the number of Green Card agreements concluded during this period fell by 44.99%, to 511,528.
At the same time, the amount of compensations paid on claims increased by 14.79%, to EUR14.3 million, while the number of claims paid by 6.61%, to 5,049.
The MTIBU is the only association of insurers that provide compulsory insurance of civil liability of land vehicle owners for damage caused to third parties.

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UKRZALIZNYTSIA INCREASES CARGO TRANSPORTATION IN NOV

JSC Ukrzaliznytsia for 29 days of November 2020 increased the volume of cargo transportation by Ukrainian railways in all routes compared to the same period last year by 7%, to 27 million tonnes.
According to the company’s website, in domestic traffic, the volume of cargo transportation by rail amounted to 13 million tonnes, which is 21% more than in November 2019.
According to the company, the average daily loading in November amounted to 788,500 tonnes, which is almost 8% more than in November 2019. On average, 12,100 cars were loaded on the railway per day, which is almost 7% more than last year.
For 29 days of November 2020, Ukrzaliznytsia accelerated the turnover of a freight car by 32.7%, to 7.76 days. The average daily sectional speed of a freight train increased by more than 5% and amounted to 35.3 km/h.
During 29 days of November, Ukrzaliznytsia also improved the operating performance of its locomotive fleet: the average daily run of a locomotive increased by 5.1%, to 451 km, and the average daily performance of a locomotive improved by 4.3% compared to last year, to 1.201 million tonne-kilometers gross.
The company noted that such indicators were achieved, first of all, due to improved dispatching, liquidation of the shortage of locomotives and transparent playing conditions in the transportation market.
“There is no longer a situation when someone at the station decides whether this or that cargo will go or not. Now all shippers are in equal conditions. Today we transport 100% of the declared cargo and there are plans only to increase the rate and volume of traffic,” the report says.
As reported, next year Ukrzaliznytsia plans to increase the share of its own cars on the market to 35-40%.

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UKRAINE HARVESTS 62.5 MILLION TONNES OF GRAIN

As of November 30, Ukrainian agricultural producers harvested 80.9 million tonnes of basic crops from an area of 23.8 million hectares, in particular, 62.5 million tonnes of grain and leguminous crops were harvested from an area of about 15 million hectares (98% of the forecast).
According to a report on the website of the Ministry of Economy, the following crops were harvested: corn – 26.8 million tonnes from an area of 5.1 million hectares (94%), soybeans – 2.8 million tonnes from 1.3 million hectares (99%), sugar beet – 9 million tonnes from an area of 212,200 hectares (98%).

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PRESIDENT OF UKRAINE EXPECTS CLEAN ENVIRONMENT OFFICE IN KRYVY RIH TO BE READY THIS YEAR

President of Ukraine expects Clean Environment Office in Kryvy Rih to be ready this year
President of Ukraine Volodymyr Zelensky expects the readiness of the Clean Environment Office of the State Environmental Inspectorate in Kryvy Rih, Dnipropetrovsk region by the end of 2020, according to the department’s website with reference to its Head Andriy Maliovany.
“The head of state said he expects a real and visible result in solving the environmental problems of Kryvy Rih. This is about the opening of the Clean Environment Office of the State Environmental Inspectorate to strengthen environmental control over industrial facilities. He added that the preparation of the office before opening should be finished by the end of the year. For my part, I would like to say that this task is being carried out on schedule,” Maliovany said after a meeting with the participation of the president of Ukraine on the prospects for the development of the region.
According to him, at present, the internal repairs in the premises allocated for the office are already at the final stage. “Agreements have been signed to provide the office with necessary equipment. And by the end of the year the office will be ready for opening, and employees of the central office are planned to move there in early 2021,” Maliovany said.
According to the head of the State Environmental Inspectorate, the president also said that on his instructions, the State Environmental Inspectorate’s needs will be financed in 2021 in terms of paying court fees, organizing market supervision and ensuring the work of laboratories for 2021.
During the meeting, Maliovany also told about the voluntary payment of losses for air emissions by the enterprise of PJSC ArcelorMittal Kryvyi Rih. “Recently, the State Environmental Inspectorate counted millions of losses of PJSC ArcelorMittal Kryvyi Rih, which the company paid in full on a voluntary basis,” he said.

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AUSTRALIA AND UKRAINE DISCUSS COOPERATION IN TRADE AND ECONOMIC SPHERES

Ambassador of Ukraine to Australia Mykola Kulinich held a number of meetings in Melbourne, the purpose of which is to expand the Ukrainian-Australian cooperation in the trade and economic sphere, the press service of the Ukrainian Embassy in Australia said.
“The meeting with President of the Australian-Ukrainian Chamber of Commerce Eugene Hawryszko was devoted to the discussion of the prospects for increasing trade between the two countries, the possibility of entering the Australian market for new types of Ukrainian products, as well as the establishment of joint ventures,” the statement says.
In addition, according to the press service of the embassy, during a meeting with head of the Australian-Ukrainian Business Council J. Epp, they discussed attracting Australian investments and technologies to Ukraine, as well as further organizational restructuring of the business council.

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