Pivdenny seaport in January-March 2020 increased its net profit to UAH 221.316 million, which is 21.3 times more (UAH 210.949 million) compared to the same period in 2019.
According to a company press release, 90% of the company’s net profit was transferred to the state.
In total, in the first quarter of 2020, the state stevedore paid taxes of UAH 234.704 million, which is UAH 110.538 million more (89% more) compared with the first quarter of 2019.
“The situation in the world and Ukraine is difficult, and seaports are the key elements of the state’s economy. Pivdenny state stevedore rationally organizes its work and maintains the country’s budget. The record monthly and quarterly performance, the increased daily rate of unloading high-sided wagons and an increased number of processed vessels of the Capesize type – all this was achieved thanks to effective planning and competent coordination of cargo operations,” acting director of Pivdenny port Oleksandr Oliynyk said.
According to the release, in the first quarter of 2020 the port handled almost 4.6 million tonnes of cargo, which is the historic maximum of quarterly transshipment of the state stevedore. The record monthly transshipment was fixed in March at 1.777 million tonnes of cargo. The cargo range includes ore, coal, cast iron, grain and cereals, mineral fertilizers. The bulk was ore (83% of the total volume).
In January-March of this year, almost 3.4 million tonnes of exported cargo passed through the port (52% more from the volume for the same period last year), 3.8 million tonnes of ore were processed (up by 66%).
Positive dynamics is also observed in processing imported goods: the port accepted 688,200 tonnes of cargo (a two-fold increase).
The decision of the European Commission to increase import duties for maize from EUR 5.27 to EUR 10.40 per tonne is not a threat to export of Ukrainian maize, Prse of the Ukrainian Grain Association (UGA) Mykola Horbachev has said.
“Changing the duties for maize is exclusively the market mechanism for protecting the domestic market, and not an administrative one. So, when the price for maize on the exchange grows, the duty is leveled, and when it falls, the duty increases. This practice works automatically and is not something new for the market, after all, at least it have existed for the past 20 years, or even more,” he told Interfax-Ukraine.
The president of the UGA said that in Ukraine the potential for the export of maize has actually been exhausted in the current agricultural year.
“Today, about 26 million tonnes out of the expected 29-30 million tonnes have been exported. Thus, Ukraine has already managed to supply most of maize to the EU,” Horbachev said.
This decision will also not have an impact on maize exports in the next season, as crop prices may increase with a new crop. The association said that share of the total Ukrainian maize exports to the EU is about 45%. To date, Ukraine has already supplied about 10.5 million tonnes of maize to the EU.
The European Commission from April 27, 2020 fixed the import duties in the cereals sector. The import duties for maize, sorghum and rye are now fixed at EUR 5.27 per tonne and the automatic calculation lead to a new figure of EUR 10.40 per tonne on May 6.
The volume of illegal logging increased 6.7 times in 2019 compared to 2018, to 118,000 cubic meters, the amount of damage caused amounted to UAH 814.2 million.
According to the released annual report of the State Forest Resources Agency, of the total volume of illegal logging within the regional forestry and hunting agencies, the figure in Kherson regional forestry stood at 51% (60,250 cubic meters) and Kharkiv region at 35% (41,060 cubic meters).
According to the State Forest Resources Agency, industry enterprises from all types of logging prepared 15.6 million cubic meters of wood in 2019, which is 5.7% less compared to 2018. This is due to low demand in the internal market.
The total volume of round wood sales to the internal market amounted to 13 million cubic meters for a total of UAH 11.7 billion in 2019, which is UAH 1.5 billion less than in 2018.
The wood processing units received 2.2 million cubic meters of wood for processing in 2019, which is 1.1% less than in 2018.
The State Forest Resources Agency said that the area of solid loggings amounted to 40,100 hectares in 2018. Forests were recreated on an area of 42,000 hectares (new forests on area of 2,200 hectares) in 2019.
National bank of Ukraine’s official rates as of 08/05/20
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of May 08
One troy ounce=31.10 grams
The Norwegian company Scatec Solar has completed the connection to the network and launched the second project in Ukraine – a 54 MW solar power station near Bohuslav (Kyiv region), the company’s website reported.
“We are pleased to complete our second project in Ukraine less than ten months after closing the financing. The Bohuslav solar plant will lead to the abatement of more than 24,000 tonnes of carbon dioxide emissions and contribute to growing the share of renewable energy in the country,” Raymond Carlsen, the CEO of Scatec Solar, said.
“With this project, Scatec Solar passes the milestone of 1.5 GW in operation globally. In addition, a portfolio of 399 MW is under construction, of which 235 MW in Ukraine,” the report says.
Bohuslavenergy is owned by Scatec Solar through the Dutch subsidiary Scatec Solar Ukraine B.V. Scatec Solar in 2018 established and acquired about a dozen companies in Ukraine to implement its renewable energy projects.
