Business news from Ukraine

Business news from Ukraine

BWIN BETTING BRAND EVENS ODDS FOR ZELENSKY AND POROSHENKO VICTORY IN UKRAINIAN PRESIDENTIAL RACE

ElectraWorks Limited (Gibraltar), operating under the bwin sports betting brand and owned by GVC Holdings PLC, has over the past five days raised the odds on a victory by showman Volodymyr Zelensky in the upcoming Ukrainian presidential elections, for the first time evening his odds with incumbent President Petro Poroshenko.
According to bwin, Poroshenko’s odds have dropped from 2 to 1 to 2.2 to 1, while Zelensky’s odds have increased from 2.7 to 1 to 2.2 to 1.
The odds of Baktivschyna Party leader and presidential candidate Yulia Tymoshenko have fallen again, according to the bookmaker, from 4 to 1 to 4.75 to 1.

, , , ,

TEXTILE-KONTAKT LAUNCHES SEWING FACTORY IN POLTAVA REGION

The Textile-Kontakt Group, a large retail and industrial groups on the light industry market in Ukraine, has launched a sewing factory in Lubny (Poltava region), which will make overalls, the company has reported on its website. “This is the fourth platform of the company, focused on implementing complex orders,” the company said.
As reported, the holding’s sewing factories operate in Kyiv, Chernihiv and Odesa. The production capacity of the new factory is 90,000 sets per year. It is planned, in particular, to sew military field and summer uniform sets, as well as uniform sets with special properties (fire-resistant, water-repellent).
According to the company, the new factory can implement government orders for the supply of uniforms and workwear for the Ministry of Defense and the National Guard of Ukraine, Ukrzaliznytsia, airports and nuclear power plants.
The press service told Interfax-Ukraine that Textile-Kontakt invested about UAH 4.5 million in the new factory. “The fabric for sewing will be basically ours, and the threads are completely ours (the Barva trademark). We want to create a closed production cycle,” the company said.
A total of 97 people have been employed at the sewing production facility in Lubny today. Textile-Kontakt was founded in 1995 and today represents a holding company that combines various areas of assets: wholesale and retail trade, the import of fabrics, accessories and home textiles, as well as tailoring of special clothing (including military uniforms).

, ,

UKRENERGO PRESENTS PLATFORM FOR NEW WHOLESALE POWER MARKET

National Energy Company Ukrenergo has presented the Market Management System platform for two new segments of the wholesale electricity market (the balancing market and the ancillary service market), which has been functioning in the test mode since December 2018. “Now we are trying to organize the schedule of our work in such a way as to create minimally sufficient functionality for launching a new market on July 1,” Ukrenergo CEO Vsevolod Kovalchuk said at the presentation on Tuesday.
He recalled that the platform developers intend to suspend work due to slippage in the payment schedule: the Energy and Coal Industry Ministry stopped agreeing on payments after the reassignment of Ukrenergo to the Finance Ministry.
Kovalchuk expressed hope that the problem will be resolved in March. To this end, the Finance Ministry and the Justice Ministry will prepare draft amendments to a resolution of the Cabinet of Ministers and the contract of Ukrenergo with a consortium of contractors. Approval of the changes will allow transferring the payment approval functions of Ukrenergo from the Energy and Coal Ministry to the Finance Ministry, which will unblock the payment process for software being developed for the new wholesale electricity market, the head of the transmission system operator said.
Currently, the Market Management System platform operates in test mode. The players of the energy market – producers, electricity suppliers and distribution system operators – are being registered. Data on consumption and transmission of energy is collected for the development of mathematical models that will allow forecasting misbalances in the market of electricity (the difference between predicted and actual consumption).
According to Ukrenergo, today the level of filling the platform with data is insufficient, so the indicators in it are not relevant.

,