Business news from Ukraine

Business news from Ukraine

REGULATOR APPROVES FEED-IN TARIFF FOR SOLAR POWER PLANTS IN UKRAINE

The National Commission for Energy, Housing and Utilities Services Regulation (NCER) has approved a feed-in tariff of 15.03 eurocents per kWh for the solar power plant of Sunwin 2 LLC with a capacity of 10.3 MW and Sunwin 13 with a capacity of 20 MW (Poltava region).
The commission made the decision on Tuesday.
The tariff is in effect until January 1, 2030.
The commission also approved the tariff for Kalynivka-TERRA LLC’s solar power plant with a capacity of 11 MW (Mykolaiv region). The owner is former deputy head of Investor (Kharkiv) Hennadiy Hayevy.
The plant of Alveor-Energy LLC with a capacity of 10.8 MW (Mykolaiv region) obtained the tariff. It belongs to SPM-Invest, the ultimate beneficiary of which is Alla Kuznetsova.
The commission set the tariff for two phases of the plant of Chervona Hora Eco LLC with a capacity of 12.6 MW and 11.5 MW (Zakarpattia region). The plant belongs to South Korea’s GS Engineering & Construction Co. (GS E &C).
In addition, the regulator set the tariff for the plant of Consulting Solar LLC with a capacity 11.3 MW (Kirovohrad region).
According to the unified public register, Sunwin 2, Sunwin 13 and Consulting Solar belong to President of VR Capital Group asset management company (the United States) Richard Deitz.
Through Cyprus-based Wiltan Enterprises Limited he also owns Sunwin 12 and Sunwin 14, which in 2019 launched solar power plants with a capacity of 15.6 MW and 13 MW in Kirovohrad region. In addition, he owns Sunwin 5, which is implementing a project of the Morozovka solar power plant with a capacity of 70 MW in Kirovohrad region.
VR Capital together with ICU also built a 64 MW solar power plant near Kamianetz-Podilsky (Khmelnytsky region). They also complete the 35 MW solar power plant project in Kherson region.

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CAPITAL INVESTMENT IN UKRAINE IN JAN-SEPT GROWS BY 12.4%

Capital investment in Ukraine in January-September 2019 grew by 12.4%, while in the first half of 2019 – by 12.3%, the State Statistics Service has reported.
According to the State Statistics Service, in January-September 2019, UAH 379 billion of capital investment was disbursed (excluding the temporarily occupied Crimea, Sevastopol and the JFO area).
In the regional context, the largest increase in capital investment January-September 2019 compared to the same period in 2018 was recorded in Volyn (by 71.1%), Kherson (by 44.2%), Mykolaiv (by 34.7%), Poltava (by 29.3%), Kyiv (by 27.1%), and Dnipropetrovsk ( in 21.8%) regions.
According to statistics, capital investments for the reporting period decreased in Zakarpattia (by 15.3%), Vinnytsia (by 9.8%), Odesa and Chernihiv (by 8.6%), and Rivne (4.4%) regions.
In the industrial context, the largest increase in capital investment in the first nine months of this year was recorded in the field of research and development – by 79%, temporary accommodation and catering – by 67.5%, water transport – by 50.6%, advertising – by 44, 2%, professional scientific and technical activities – by 43.8%.
At the same time, in the field of postal and courier activities, the drop in capital investments amounted to 81.1%, information and telecommunications – 23.4%, agriculture, forestry and fisheries – 11.3%.
The main source of financing capital investment remains the own funds of enterprises and organizations, due to which 73.4% of the total volume of all investments has been used.
A significant share of capital investments was made in machinery, equipment and vehicles – 46.3%, buildings and structures – 45.6% of all investments.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF NOVEMBER 27

Official rates of banking metals from national bank as of november 27

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 27/11/19

National bank of Ukraine’s official rates as of 27/11/19

Source: National Bank of Ukraine

HUAWEI HOLD THE UKRAINE DIGITAL TRANSFORMATION FORUM 2019 IN KYIV

26th of Nov Huawei invited the stakeholders from government, operators, and industry partners to attend the forum. On the forum Huawei and the industry partners shared the views and suggestions regarding digital transformation of Ukraine.
Huawei introduced the global experience regarding the universal coverage and the infrastructure sharing, and all the stakeholders warmly discussed the development plan in Ukraine. Huawei said they would work closely with the Ukrainian partners to develop industry ecosystems, and drive Ukraine’s social and economic development.
In the 2019 Global Connectivity Index recently published by Huawei, Ukraine ranks four places higher than last year. Its GCI score has increased by 12 points in the span of five years, an impressive achievement among the 79 countries surveyed. From 2015 to 2019, the mobile broadband penetration in Ukraine increased from 8% to 65%.
During the past 20 years, Huawei has established close partnerships with major carriers, and enterprises to drive joint ICT infrastructure construction across the country. In the past three years, Huawei, together with local operators, has helped Ukraine achieve leapfrog development from 2G to 4G, saving three to five years of construction time compared with other countries.

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ZELENSKY: 500 NEW AMBULANCES WILL BE BOUGHT

President of Ukraine Volodymyr Zelensky has said that by the end of this year the ambulance fleet in the country would be replenished with 500 new ones, and the goal is to ensure that from 2020 there is no such vehicles older than six years.
“Until the end of this year, we will buy 500 ambulances. The task for the next year is not to have a single ambulance vehicle that is older than six years,” he said in a video message to Ukrainians about the success, victories, plans and failures of the authorities over the week recorded during the president’s walk through the streets of Kyiv.

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