Business news from Ukraine

Business news from Ukraine

MAIN MARKETS FOR UKRAINIAN ELECTRICITY EXPORTS ARE HUNGARY, SLOVAKIA AND ROMANIA

Ukraine in January-May 2019 increased electricity exports by 2.3% (by 60 million kWh) compared to the same period in 2018, to 2.713 billion kWh, the Ministry of Energy and Coal Industry has told Interfax-Ukraine. Electricity supplies from the Burshtyn TPP Energy Island in the direction of Hungary, Slovakia and Romania increased by 9.6% (by 161.2 million kWh), to 1.847 billion kWh.
Electricity supplies to Poland decreased by 15.2% (by 99.9 million kWh), to 556.6 million kWh.
Electricity supplies to Moldova amounted to 309.5 million kWh, which is 0.4% (1.2 million kWh) less than in January-May 2018.
For the five months of 2018 and 2019, Ukrainian electricity was not exported to Belarus and Russia.
In addition, in the first five months of this year, Ukraine imported 11.8 million kWh of electricity from the Russian Federation and Belarus compared to 14.8 million kWh in January-May 2018.

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VOLUME OF CONSTRUCTION WORK IN UKRAINE IN MAY INCREASES BY 15.7%

The volume of construction work performed in Ukraine in May 2019 increased by 15.7% compared with May 2018, while the indicator in April 2019 compared with April 2018 rose by 29.4%. According to the agency, the volume of construction work performed in May 2019 increased by 6.3% compared with April 2019 (according to seasonally adjusted data decreased by 4.1%), while in April 2019 it dropped by 4.1% compared with March 2019.
According to the report, in May 2019 compared with May 2018 the volume of construction work decreased only in residential construction and in engineering – by 13.4% and 25.6% respectively.
Nonresidential construction in May 2019 rose by 28.9%.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JUNE 26

Official rates of banking metals from national bank as of june 25

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 26/06/19

National bank of ukraine’s official rates as of 26/06/19

Source: National Bank of Ukraine

INDUSTRIAL PRODUCTION IN UKRAINE INCREASES BY 1.6% IN MAY AFTER 5.2% RISE IN APR

Industrial production in Ukraine in May 2019 increased by 1.6% compared with May 2018, after a rise of 5.2% in April, 2.1% in March, and a fall of 1.8% and 3.3% in February and January respectively, the State Statistics Service has reported. The agency said that with the adjustment to the effect of calendar days, industrial production in May 2019 compared with May 2018 also increased by 0.6%.
The service said that compared with the previous month, industrial production in May fell by 0.85%, and taking into account the seasonal factor it dropped by 0.9%.
In general, in January-May 2019, the growth in industrial production compared to the same period of 2018 is 0.9%, according to the State Statistics Service.
The rise in processing industry in May 2019 from May 2018 was 1.1%, in extracting industry and quarrying some 2.3%. The figure in the supply of electricity, gas, steam and conditioned air reduced by 2.5%.

BLABLABUS BUS TO ENTER UKRAINIAN MARKET

The BlaBlaBus bus low-cost carrier, founded by the world’s largest international online service of the search for automobile travel companions BlaBlaCar (France), plans to enter the Ukrainian market. “Our first BlaBlaBus bus route has already been launched in Germany. We plan to connect 60 cities across Germany and Benelux with our routes in the first year of operation. Then we will expand the BlaBlaBus coverage to the whole of Europe. In our non-European markets where we have already started connecting professional bus carriers to our platform, we will also redouble our efforts in this direction, with a focus on Russia, Ukraine and Latin America,” co-founder and CEO of BlaBlaCar Nicolas Brusson said in an interview for the Journal.Octobus magazine.
According to him, the BlaBlaBus service will help reduce the number of cars on the roads, as well as reduce the cost of travel.
BlaBlaBus launched its first bus route in Germany on June 11, 2019. In 2018, BlaBlaCar bought the French carrier Ouibus, on the basis of which BlaBlaBus was created. Before the merger, the French service had more than 300 bus routes around Europe.
BlaBlaCar (France) is the world’s largest international online service of the search for automobile travel companions, it was founded in 2006. The company operates in 22 countries, the total clientele of the project exceeds 70 million people.
BlaBlaCar entered the Ukrainian market in early 2014, having bought the Ukrainian startup Podorozhniki.

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