Business news from Ukraine

Business news from Ukraine

FEED-IN TARIFF FOR PRIVATE ROOFTOP SOLAR UNITS TO BE CUT BY 67% FROM 2025

The National Commission for Energy, Housing and Utilities Services Regulation (NCER) has set a feed-in tariff for private rooftop household solar power plants with a capacity of up to 50 kW and/or facades of buildings and other permanent facilities, as well as for private wind farms with a capacity up of 50 KW and combined wind and solar plants with a capacity of up to 50 kW.
The draft resolution was approved by the regulator on June 27.
In particular, the tariff for rooftop solar power plants with a capacity of 50 kW constructed on January 1, 2019 through December 31, 2019 is set at UAH 540.79 per kWh (without VAT), which is 18 eurocents per kWh. For the facilities constructed on January 1, 2020 through December 31, 2024 the tariff will be reduced by 10%, to UAH 486.07 per kWh (without VAT). The tariff will be cut by three times (66.7%), to UAH 157.26 per kWh (without VAT), which is 5 eurocents per kWh, for the solar power plants constructed on January 1, 2025 through December 31, 2029.
The regulator also set feed-in tariffs for wind power plants with a capacity of 50 kWh constructed during the three periods at UAH 347.65, UAH 312.24, and UAH 101.14 per kWh (without VAT) respectively, and for hybrid wind and solar power plants at UAH 489.29, UAH 366.96, and UAH 115.75 per kWh respectively.

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UKRAINIAN ALFA-BANK ISSUES TWO-YEAR EUR 50 MLN BONDS

ABH Ukraine Limited, the holders of 90.1% of shares in Ukrainian Alfa-Bank, has issued new two-year EUR 50 mln loan participation notes (LPNs), setting the coupon rate at 6.75% per annum with the quarterly payments.
The bank said on Thursday that the maturity date is July 6, 2021.
The bonds were issue under S Rules with listing on the Frankfurt Stock Exchange.
The bank recalled that the bond issue was the 16th issue by ABH Ukraine since early 2015.
As reported, at the end of October 2016, the operation was completed on the transfer of 99.9% of the shares in PJSC Ukrsotsbank from UniCredit Group in favor of ABH Holdings S.A. (ABHH), whose main asset in Ukraine is Alfa-Bank, in exchange for a minority share of ownership in ABHH in the amount of 9.9%.
Currently ABH Holdings S.A. is consolidating assets in Ukraine, which will lead to the creation of the country’s largest private bank based on Alfa-Bank.

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PARKING AREAS ON TRAFFICABLE ROOFS OF MALLS COULD BE DESIGNED IN UKRAINE – MINISTRY

Changes to the national construction standards on designing of parking areas on trafficable roofs of shopping and entertainment centers will take effect from July 1, 2019, the press service of Deputy Regional Development, Construction, Housing and Utilities Economy Minister Lev Partskhaladze has reported.
“The new changes in the construction standards on the design of parking areas and garages allow placing car parking on the trafficable roofs of public buildings and structures, for example, malls and shopping and entertainment centers, administrative and other facilities. The exception is kindergartens, schools and hospital buildings with wards. The requirement comes into force on July 1,” the press service said.
These parking areas should have emergency exits, as well as take into account the requirements of the national construction standards Planning and Development of Territories in terms of fire-fighting distances to adjacent buildings and electrical installation rules. At the same time, the placement of temporary shelters for cars on such facilities is prohibited.
The changes in national construction standard V.2.3-15-2007 Parking Areas and Garages for Passenger Cars were developed by PJSC Ukrainian Zonal Research and Project Institute for Civil Construction.

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DANISH DFU AGRO TO CONDUCT PRESS CONFERENCE DEVOTED TO POSSIBLE ILLEGAL SEIZURES OF IT’S HARVEST

On Tuesday, July 2, at 12.30, the press center of the Interfax-Ukraine news agency will host a press conference devoted to possible illegal seizure of harvest of Danish DFU Agro (subsidiary of Dan-Farm Ukraine LLC). Participants include: Director of DFU Agro LLC Vadym Shestakov, representatives of the Zhytomyr Regional Administration, representatives of the Danish Embassy in Ukraine, and representatives of leading business associations (8/5a Reitarska Street). Registration of journalists requires press accreditation.

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MOST IMPORTANT CHANGES TO CONSTITUTION OF UKRAINE SHOULD BE MADE WITHIN COMING YEAR – PRESIDENT’S REPRESENTATIVE IN PARLIAMENT

Representative of President of Ukraine Volodymyr Zelensky in the Verkhovna Rada Ruslan Stefanchuk has said that the most important and urgent changes to the Constitution of Ukraine must be made within coming year. “I think that the most important things should be made in the first year, because this first year we, first, have a lot of support from the people of Ukraine. Secondly, having the worked out mechanisms, we have the opportunity of passing them through the Verkhovna Rada. And, thirdly, we have the opportunity of monitoring how they achieved their goal,” he said in an exclusive interview with Interfax-Ukraine.
Stefanchuk said that the analysis of all recent changes to the Constitution showed that about 20 or even more articles do not have a definitive version. “Today we have come to a situation where we do not have the only true legally interpreted text of the Constitution. This is the result of not thoughtful, not verified and not planned work of the Verkhovna Rada, which today has led to the fact that the state, celebrating Constitution Day, has no single unified text of the Constitution,” he said.
The presidential representative in the Rada also considers it wrong that any reform of the Constitution concerned a change in public authorities, but a question of guarantees of human and civil rights had no standing in the country.
Stefanchuk said that it is necessary to conduct a “functional audit of the state” and clearly define which institution is responsible for what.
The representative of Zelensky in parliament said that the possibility of adopting a new Constitution is still a matter of discussion, and there are different approaches.

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UKRAINE NEEDS NEW CONSTITUTION – YULIA TYMOSHENKO

Leader of the Ukrainian Batkivschyna party Yulia Tymoshenko has said the country needs a new constitution. “Ukraine needs a new Constitution,” Tymoshenko said on the Ukraina television channel on Friday.
The current one is not working for the protection of human rights, she said. The text of the Fundamental Law should be written by the public with “broad, large-scale debate, with the understanding of every comma and every letter,” she said.
“Essentially, this should be a public agreement among all citizens and not the top-down rules that benefit officials and politicians,” she said.
A new constitution should be adopted at a referendum, “not as a mere formality, but for real, so that people know what they spell out in that constitution and what they gain from it,” she said.