Business news from Ukraine

Business news from Ukraine

NIKA-TERA SEA TERMINAL HANDLES 2 MLN TONNES OF CARGO SINCE YEAR START

Nika-Tera sea terminal (Mykolaiv), part of Dmytro Firtash’s Group DF, handled 2 million tonnes of cargo from January 1 to April 10, 2020, the company said on Facebook.
“After 49,000 tonnes of Ukrainian corn for export had been loaded on board the Panamax GRIZZLY, on April 10 Nika-Tera port’s cargo turnover amounted to 2 million tonnes from the beginning of 2020. This batch of corn is sent by Louis Dreyfus to Spain,” the report says.
The GRIZZLY bulk carrier was loaded at the eleventh berth of the port simultaneously with two loading machines, which allowed Nika-Tera to achieve a daily loading rate of 36,000 tonnes.
According to the company, in the first quarter of 2020, Nika-Tera’s cargo turnover amounted to 1.87 million tonnes, which is 1.5% more than in the same period last year.
In general, in the first three months of operation, the port handled 85 vessels, including two bulk carriers with additional loading at the roads, as well as four tankers with sunflower oil.
In the structure of cargo turnover, the main cargo remains cereals, legumes and oilseeds, which accounted for 65% of the quarterly transshipment volume or 1.22 million tonnes. Bulk cargo amounted to 14% or 270,000 tonnes, meal some 17% (320,000 tonnes), and oil transshipment some 4% (70,000 tonnes).

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UKRAINE RAISES OIL IMPORTS BY 22% IN Q1

Ukraine in January-March 2020 increased import of oil (according to foreign economic activity code 2709) by 22.7% (by 33,400 tonnes) compared to the same period in 2019, to 180,673 tonnes.
According to the State Customs Service, in the first quarter, $99.746 million worth of raw materials were imported, which is 41.3% more than in January-March 2019 ($70.581 million).
So, oil supplies from Azerbaijan totaled $37.884 million (a share of 37.98%), Libya some $31.745 million (31.83%), the United States some $30.118 million (30.19%).
Ukraine did not export crude oil in January-March 2020 and in 2019.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 14/04/20

National bank of Ukraine’s official rates as of 14/04/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF APRIL 14

Official rates of banking metals from national bank as of April 14

One troy ounce=31.10 grams

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UKRAINE CUTS ELECTRICITY CONSUMPTION IN JAN-MARCH

Electricity consumption in Ukraine in January-March 2020, taking into account in-process losses in power grids, fell by 5.6% (by 2.366 billion kWh) compared to January-March 2019, to 39.644 billion kWh, the Ministry of Energy and Environment Protection has told Interfax-Ukraine.
Excluding in-process losses, electricity consumption over the period decreased 3.6% (by 1.179 billion kWh), to 31.965 billion kWh.
The country’s industry, excluding in-process losses, reduced electricity consumption by 5.8%, to 12.429 billion kWh. In particular, metallurgical industry consumed 6.746 billion kWh (9.5% less compared to January-March 2019), fuel industry some 849.9 million kWh (6.6% less), machine building industry some 959.9 million kWh (14.2% less), chemical and petrochemical some 2.029 billion kWh (24.2% more), food and processing some 1.088 billion kWh (1.2% less), construction materials some 483.4 million kWh (2.1% less), and others some 1.283 billion kWh (0.8% down).
In addition, agricultural enterprises consumed 854.8 million kWh (4.2% less), transport some 1.708 billion kWh (6.8% less), and developers some 282.5 million kWh (7.6% down).
In January-March 2020, the country’s population consumed 10.407 billion kWh (0.9% up), households some 4.138 billion kWh (6.7% down), and other non-industrial consumers some 2.145 billion kWh (1.3% down).
The share of industry in total electricity consumption in January-March 2020 fell from 39.8% to 38.9%, and the share of the population grew to 32.6% from 31.1%.
In March 2020, electricity consumption, taking into account in-process losses, decreased by 7% (by 948.2 million kWh) compared to the same month of 2019, to 12.611 billion kWh, excluding in-process losses it fell by 3.9% (417.8 million kWh), to 10.374 billion kWh.

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VOLUME OF REINSURANCE BY UKRAINIAN INSURERS IN AUSTRIA IN 2019 GREW 2.5-FOLD

The volume of reinsurance by Ukrainian insurers in Austria in 2019 grew 2.5-fold, to UAH 639 million, being 19.4% of the total reinsurance volume abroad (8.5% in 2018), according to a posting on the website of the National Commission for Financial Service Markets Regulation of Ukraine.
The share of reinsurance in Germany increased from 18.6% in 2018 to 22.3% in 2019 (to UAH 535 million), the U.K. it decreased from 23.7% to 17.3%, to UAH 569.9 million, Poland it decreased from 12.4% to 10% (UAH 331.3 million), in Switzerland decreased from 10.6% to 7% (UAH 229.8 million), in France increased to 6% from 5% (UAH 196.8 million), in the United States decreased from 4.2% to 3.6% (UAH 119.6 million).
According to the regulator, outbound reinsurance operations for the reporting period decreased 6.8%, to UAH 16.713 billion. In addition, reinsurance with nonresident reinsurers increased 10%, to UAH 3.298 billion.
Payments compensated by resident reinsurers amounted to UAH 297.8 million, which is 30.9% less than in 2018, for nonresident reinsurers it was UAH 2.21 billion, or 9% more than in 2018.
In relation to gross insurance premiums, the share of outbound reinsurance as at December 31, 2019 was 31.5%, which is 4.8 percentage points less than on the same date a year earlier.

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