Business news from Ukraine

Business news from Ukraine

ONE MORE WIND FARM TO BE BUILT IN ODESA REGION

Ovid Wind II LLC (Kyiv) intends to build the Roksolanivska wind farm (Ovidiopol district, Odesa region) with a capacity of 96 MW, according to the website of the unified register of environmental impact assessment. It is planned within the project to build 16 wind turbines with a capacity of 6 MW each. The height of the towers will be 140 meters.
In addition, it is planned to build a 110/35 kV substation and 110 kV power grids. The term of operation of the wind plant is 20 years.
Ovid Wind II belongs to the Cypriot company DLG Wind Rose Ltd. According to the unified register of legal entities, the director of Ovid Wind II is managing partner of INTEGRITES law firm Oleksiy Feliv.

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PARTY OF JULIA TYMOSHENKO GETS THIRD PLACE IN ELECTIONS AFTER 93% OF PROTOCOLS PROCESSED

According to the results of 92.97% of electronic protocols processed, the Servant of the People Party (43.13% of the vote), the Opposition Platform – For Life – 13.05%, Batkivschyna – 8.19%, European Solidarity – 8.14%, and Holos – 5.86% enter the Verkhovna Rada.
According to the CEC website, the 5% barrier to the parliament is not yet overcome by the Radical Party with 4.01% of the vote, Strength and Honor Party, which gains 3.8% of the votes in Ukraine as a whole, the Opposition Bloc – 3.06%, and Groysman’s Ukrainian Strategy Party with 2.32% of the vote.
The Sharij Party has gained 2.24% of the vote, Svoboda – 2.17%, and Civil Position – 1.05%.
Parties that have received less than 1% of the vote are the Party of Greens of Ukraine (0.65% of the vote), Samopomich (0.63%), and the Agrarian Party of Ukraine (0.51%).
The other parties got less than 0.5% of the vote.
The exit poll was conducted on July 21 by the Ilko Kucheriv Democratic Initiatives Foundation, the Kyiv International Institute of Sociology (KIIS) and the Ukrainian Center for Economic and Political Studies named after Oleksandr Razumkov.

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ARCELORMITTAL KRYVYI RIH CONDUCTS PRESS CONFERENCE IN KYIV

On Tuesday, July 23, at 16.00, the press center of the Interfax-Ukraine news agency will host a press conference entitled “ArcelorMittal Kryvyi Rih on Radiation Measurements and SBU’s version.” Participants include: Acting Chief Executive Officer of PJSC ArcelorMittal Kryvyi Rih Aleksandr Ivanov and General Legal Counsel of PJSC ArcelorMittal Kryvyi Rih Artyom Filipyev (8/5a Reitarska Street). Journalists must be accredited by phone: +38 067 639 8495.

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OVER 20 REPRESENTATIVES OF CONSTRUCTION AND CONSUMER MARKETS GET TO NEW UKRAINIAN PARLIAMENT

More than 20 representatives of the construction and consumer markets, including Olena Shuliak, Vadym Strunevych, Hanna Lichman from the Servant of the People party, Vadym Stolar and Dmytro Isayenko from the Opposition Platform-For Life party, and also self-nominees Oleksandr Feldman and Leonid Klimov pass to the Verkhovna Rada.
The list of the Servant of the People party included the head of the construction sector, board member of the Better Regulation Delivery Office (BRDO) Olena Shuliak (under No. 13), head of Kyivproekt and Ukrinvestbud Development LLC Vadym Strunevych (No. 39). Ukrinvestbud Development jointly with Saga Development is implementing the project of the Einstein Concept House residential complex at 24a Zlatoustivska Street in Shevchenkivsky district of Kyiv.
The list of the party also includes the head of Biant development company (Kryvy Rih), the director of the enterprise for production of concrete Rastro LLC, Yuriy Kysil (No. 42).

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INTERNATIONAL MARKETS POSITIVELY RESPOND TO RESULTS OF PARLIAMENTARY ELECTIONS IN UKRAINE

International markets positively responded to the results of early elections to the Verkhovna Rada of Ukraine: eurobonds grew by 1 percentage point (p.p.), warrants by 2 p.p., up to 77.5% of the nominal value, Serhiy Fursa, a specialist for the sale of debt securities from Dragon Capital investment company, has told Interfax-Ukraine.
“International markets are responding positively, the price of all eurobonds is rising. GDP warrants, which rose by 3.3% to a historical maximum, showed the largest growth. It seems that the expectations of economic growth and hryvnia expectations among foreigners have increased,” Oleksandr Paraschiy, the head of the analytical department at Concorde Capital investment company, said.
According to him, Western investors like the idea of consolidating power in the same hands: at least, this means an end to political instability, and also gives a chance for quick pro-Western reforms. The analyst added that foreigners are not very afraid of the risk of usurpation of power: the situation when one political force forms a government looks familiar and acceptable for Western countries.

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UKRAINE FULLY UTILIZING GAS IMPORT CAPACITY

Ukraine is utilizing 100% of its existing capacity for importing natural gas, Serhiy Makohon, the head of Gas Transportation System Operator of Ukraine, has said.
“The day has come! Imports of gas reached 66.3 million cubic meters, which represents 100% of our technical capacity. A landmark event,” Makohon wrote on Facebook.
The GTS’ throughput capacity on Ukraine’s border is 42.5 mcm/day from Slovakia, 19.5 mcm/day from Hungary, and 4.3 mcm/day from Poland.
Ukraine is planning to start the 2019/2020 heating season with 20 billion cubic meters of gas in its underground storage facilities, as it fears that Russia’s Gazprom will stop transporting gas through its territory after this year.
As of the morning of July 20, some 15.018 bcm was in underground storage, CEO of Naftogaz Ukrainy Andriy Kobolev said on Facebook earlier on Monday.
Between July 1 and July 20, some 1.473 bcm was pumped in, or 73.7 mcm per day. In June, 71.9 mcm/day was pumped in, and 62.9 mcm/day in May.

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