The State Automobile Roads Agency (Ukravtodor) and China’s Poly Changda Engineering Co. Ltd have signed a memorandum of cooperation as part of the implementation of the first phase of construction of Big orbital roads around Kyiv connecting M-05 Kyiv-Odesa and M-06 Kyiv-Chop highways.
According to a posting on the website of the Infrastructure Ministry, during signing the document, Infrastructure Minister Vladyslav Krykliy said that the memorandum is an important stage in cooperation for the start of construction of the orbital road.
“Our goal is to ensure 40% growth of the country’s economy in five years, and for this we need to ensure large-scale construction throughout the country. Any infrastructure project gives a return with the greatest multiplier. Each dollar invested today in a year will give plus $2 for the economy. We are very pleased that Poly Changda Engineering shares our big investment plans, and especially in such important projects as the Great Orbital Road around Kyiv. In Ukraine, there was no experience of concession roads, so it is very important to start these projects with large reliable strategic partners,” the press service said, citing Krykliy.
At the same time, Krykliy expressed his expectations that both sides will be able to quickly complete all the required preparatory technical and economic calculations and begin construction next year.
State-owned enterprise (SOE) Skhidny (Eastern) Mining and Processing Plant (Dnipropetrovsk region) in January-September 2019 cut production of uranium concentrate by 14.9% year-over-year, to 684.8 tonnes, according to information on the unified government portal of open data.
According to the enterprise, 72.6 tonnes of uranium concentrate were produced in January, 93.7 tonnes in February, 84.3 tonnes in March, 72.9 tonnes in April, 52.2 tonnes in May, and 80 tonnes in June, in July – 72.2 tonnes, in August – 84 tonnes, and in September – 72.9 tonnes.
As reported, Skhidny Mining in 2018 increased the production of uranium concentrate 41.1% compared to 2017, to 1,179.5 tonnes.
Skhidny Mining is the only uranium ore mining and processing enterprise in Ukraine and the largest in Europe. The annual needs of Ukrainian nuclear power plants for uranium concentrate are about 2,400 tonnes, while its production by Skhidny Mining is about 1,000 tonnes.
The net profit of state-owned Oschadbank (Kyiv) in January-September 2019 totaled UAH 189.017 million, which is a 2.6-fold rise from a year ago (UAH 72.938 million), according to quarterly financial statements of the bank.
According to the statements posted on the bank’s website, net profit in Q3 2019 amounted to UAH 64.106 million, which is 52.9% more than in Q3 2018.
Net interest income for in January-September 2019 increased 1.2% compared with the corresponding period of 2018, to UAH 4.185 billion.
In January-September 2019, the bank’s assets decreased 4.4%, to UAH 208.109 billion, including a decline of 3.5% in loans issued to customers, to UAH 65.146 billion.
Assets for this period increased 0.4%, to UAH 18.619 billion.
The charter capital for the period remained at the level of UAH 49.725 billion.
Oschadbank was founded in 1991. Its sole owner is the state.
According to the National Bank of Ukraine, as of July 1, 2019, Oschadbank ranked second (UAH 288.339 billion) among 76 banks operating in the country in terms of total assets.
Ukraine since the beginning of the new 2019/2020 marketing year (MY, July-June) and as of October 30, 2019 had exported 17.94 million tonnes of grain and legumes, which is 32% more than on the same date last MY.
According to the information and analytical portal of the agro-industrial complex of Ukraine, to date, the country has exported 10.92 million tonnes of wheat, 3.59 million tonnes of corn, and 3.2 million tonnes of barley.
As of October 31 of this year, farmers had exported 109,700 tonnes of flour.
As reported, Ukraine in the 2018/2019 MY exported a record 50.4 million tonnes of grain, legumes and flour, which is 23% more than in the previous MY.
The U.S. Department of Agriculture (USDA) in September raised its forecast for grain exports for the 2019/2020 MY by 400,000 tonnes compared with the August forecast, to 54.44 million tonnes.
The Board of Directors of the European Bank for Reconstruction and Development (EBRD) has approved the provision of additional financing in the amount of EUR 200 million for the development of renewable energy sources in Ukraine. The EBRD said it intends to issue new funds to finance private renewable energy projects under the current system of stimulating “green” tariffs. The planned replenishment will allow the bank to build on the success of USELF-III and maintain momentum in the transition from the existing mechanism of preferential tariffs to a support system based on competitive auctions.
The bank noted that the third program of financing renewable energy development approved in July 2018 in the amount of EUR 250 million (Ukraine Sustainable Energy Lending Facility, USELF-III) will be fully implemented by the end of 2019.
As reported, the EBRD under the USELF program has been supporting the development of renewable energy in Ukraine since 2009. The program is aimed at assisting the state in achieving by 2020 the share of “green” generation in the country’s total energy consumption at 11% (including a 6% share of large hydropower plants).
Around 3,000 households in the period from July through September 2019 installed photovoltaic (PV) panels with a total capacity of almost 70 MW, the press service of the State Agency for Energy Efficiency and Energy Saving said on the website on Tuesday.
“The switch to clean electricity allows saving money on electricity bills, encourages the use of energy-efficient appliances, changes behavior to energy-saving,” the agency said.
According to the report, as of October 1, 2019, about 15,000 households in Ukraine are already using clean electricity by investing EUR 300 million in PV panels. The total capacity of the installed PV panels is almost 350 MW.
The leaders among the regions in the use of alternative generation are: Dnipropetrovsk region (around 50 MW), Ternopil (near 37 MW) and Kyiv (some 27 MW).
