Business news from Ukraine

Business news from Ukraine

UKRAINE CUTS ELECTRICITY GENERATION IN 2020

Electricity production in the Integrated Power System of Ukraine in 2020 decreased 3.3% compared to the same period in 2019, to 148.81 billion kWh, the Ministry of Energy has told Interfax-Ukraine.

Nuclear power plants (NPP) last year reduced electricity generation by 8.2% compared to the same period last year, to 76.202 billion kWh. In particular, production of electricity at Zaporizhia NPP amounted to 28.162 billion kWh (26.7% less compared to 2019), Yuzhnoukrainsk some 19.441 billion kWh (8.7% more), Rivne NPP some 17.559 billion kWh (8.2% more), and Khmelnytsky NPP some 11.041 billion kWh (45.9% more).

Thermal power plants (TPP), as well as combined heat and power plants and cogeneration plants reduced their output by 6.2%, to 52.34 billion kWh. In particular, TPPs reduced production by 11.9%, to 39.553 billion kWh, while combined heat and power plants and cogeneration plants increased by 17.6%, to 12.787 billion kWh.

Hydro power plants and pumped storage power plants reduced production by 3.7%, to 7.581 billion kWh, and block stations increased by 4.3%, to 1.845 billion kWh.

Electricity production by non-traditional sources (wind farms, solar power plants, biomass) grew almost twice, to 10.841 billion kWh.

The share of nuclear power plants in the structure of electricity production accounted for 51.2%, thermal power plants, combined heat and power plants and cogeneration plants 35.2%, hydro power plants and pumped storage power plants 5.1%, block stations 1.2%, alternative sources 7.3%.

In December 2020, electricity production in the Integrated Power System of Ukraine grew by 7.2% compared to the same month in 2019, to 15.241 billion kWh.

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INFORMATION-ANALYTICAL CENTER OF ICC UKRAINE OPENS IN ZAGREB (CROATIA)

An information and analytical center of the Ukrainian National Committee of the International Chamber of Commerce (ICC Ukraine) has opened in Zagreb (Croatia), Ukrainian Ambassador to Croatia Vasyl Kyrylych has said.
“Together with the Croatian Chamber of Commerce, we have opened an information-analytical center of the Ukrainian National Committee of the International Chamber of Commerce in Zagreb,” he said on Twitter.
According to him, the task of such a center is simple, but important and consists in quick response to the requests of Ukrainian business and assistance in contacts with Croatian partners.

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UKRAINE PLANS TO RESTART PRODUCTION OF AN-74 AIRCRAFT

Ukroboronprom State Concern is studying the possibility of resuming the production of An-74 aircraft at the state enterprise Kharkiv State Aircraft Manufacturing Company (KSAMC) and including them in the state defense order, Deputy Prime Minister – Minister for Strategic Industries of Ukraine Oleh Urusky said on Facebook on Friday night.

According to him, at a recent meeting on the settlement of problematic issues of enterprises that are members of Ukroboronprom, the possibility of resuming the production of An-74 aircraft at the KSAMC, as well as amendments to regulatory legal acts to improve the conditions for defense production was discussed.

“As a result of the meeting, a number of decisions were made regarding the importance of including the supply of An-74 aircraft in the interests of the Armed Forces of Ukraine in the state defense order, carrying out legislative initiatives to improve the financial situation at the KSAMC, amending the legislation of Ukraine on pricing of military products and advance payments on state contracts for state defense orders,” Urusky said.

According to him, the meeting was attended by representatives of the central executive authorities, the management of Ukroboronprom and its enterprises.

The An-74 aircraft is a modification of the An-72 aircraft. It is designed to carry out ice reconnaissance and transportation while providing research work in the Central Arctic Basin and Antarctica. The aircraft can be converted under operating conditions into cargo and ambulance versions.

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 16/01/21

National bank of Ukraine’s official rates as of 16/01/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JANUARY 16

Official rates of banking metals from national bank as of January 16

One troy ounce=31.10 grams

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MTIBU RAISES COST OF GREEN CARD POLICIES

The Motor (Transport) Insurance Bureau of Ukraine (MTIBU) has introduced new tariffs for Green Card policies for those traveling abroad by road from January 4, 2021.
According to a report on the bureau’s website, the MTIBU has recalculated the cost of Green Card insurance certificates upwards by an average of 3.8%.
The last change in tariffs was on October 19, 2020 upwards by 3.3%, on August 3, 2020 upwards by 3.1%, on July 24 by 3.8%, on June 16 by 3.5%.
Green Card policies have been implemented since 2009 of two types: all of Europe; Belarus, Moldova and Russia. Also, from January 1, 2016, the Ukrainian Green Card policies began to operate on the territory of Azerbaijan.
According to the MTIBU, the cost of Green Card in Ukraine for 15 days for travel in Europe for passenger cars increases to UAH 846 (previously UAH 815), for buses to UAH 3,180 (UAH 3,062), for trucks to UAH 1,996 (UAH 1,922).
The cost of Green Card for one month for cars is now UAH 1,347 (previously UAH 1,297), for buses UAH 4,417 (UAH 4,253), for trucks – UAH 2,650 (UAH 1,922).
The cost of semi-annual and annual Green Card policies for cars is UAH 5,083 and UAH 7,406 respectively, for buses – UAH 15,461 and UAH 28,514, for trucks – UAH 12,546 and UAH 23,678 respectively.

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