Business news from Ukraine

Business news from Ukraine

ANTIMONOPOLY COMMITTEE OF UKRAINE STARTS INVESTIGATION ON POSSIBLE COAL PRICE FIXING OF STATE MINES

The Antimonopoly Committee of Ukraine (AMCU) has started an investigation on the indices of possible anti-competitive coordinated actions when fixing price on the energy coal of state-run mines for the needs of thermal power plants (TPP) and combined heat and power supply plants (CHPP).
“The committee established that within 2017-2018 Energy and Coal Industry Ministry of Ukraine held meetings with state-owned enterprise Derzhvuhlepostach, PJSC Donbasenergo, LLC DTEK Energo, Ukrinterenergo State Foreign Trade Company, PJSC Cherkasy Khimvolokno, LLC TehNova company to reach the agreements over fixing prices for coal products of state-run enterprises for TPPs and CHPs that is confirmed by the protocols of these meetings,” reads by regulator-issued report.
According to the AMCU, these companies are potential competitors in the electricity and steam coal markets, respectively, the support of these companies to increase prices for coal products for TPPs and CHPs to a certain level could lead to distortion of competition.
In this regard, the committee began consideration of the case regarding anti-competitive actions of these companies, violation by the Energy and Coal Industry Ministry of law on the protection of economic competition in the form of inducing business entities to take anti-competitive concerted actions and promotion of such violations.
As reported, in recent years Ukraine’s Energy and Coal Industry Ministry during meetings recommended prices for coal sales of state mines for thermal power plants.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF AUGUST 23

Official rates of banking metals from national bank as of August 23

One troy ounce=31.10 grams

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BOLT TAXI SERVICE PLANS TO LAUNCH FOOD DELIVERY IN UKRAINE

The Bolt taxi service (formerly Taxify) plans to launch a Bolt Food delivery service in Ukraine in 2020.
“The demand for food delivery in Ukraine is quite high. We see great potential and are working on launching a food delivery service in Ukraine in 2020,” a company’s press service quotes its regional manager in Ukraine Taras Potichny as saying.
According to him, the first Bolt Food service will start working in Tallinn. By the end of 2019, the service also may launch in Latvia, Lithuania, South Africa, and on other European and African markets in 2020.
As reported, Bolt plans to launch a scooter rental service in Ukraine and is mulling Kyiv, Lviv and Odesa as possible launch points.
In early March Taxify was renamed Bolt.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 23/08/19

National bank of Ukraine’s official rates as of 23/08/19

Source: National Bank of Ukraine

UKRAINE’S TRANSPORT ENTERPRISES RAISE FREIGHT TRAFFIC BY 8.5%

The transport enterprises of Ukraine (excluding the territory of the Autonomous Republic of Crimea and Sevastopol, as well as part of the JFO area) in January-July 2019 increased freight transportation by 8.5% compared to the same period of 2018, to 386.5 million tonnes, the State Statistics Service has reported.
According to its data, freight turnover for the period rose by 2.6%, to 196.3 billion tonne-kilometers.
According to statistics, in January-July 2019 rail transportation inside the country and for exports amounted to 152.1 million tonnes of cargo, which is 0.9% less than in January-July 2018.
Transportation of timber cargo decreased by 59.5%, construction materials by 22.8%, scrap metal by 16.4%, coke by 13.7%, coal by 5.7%, ferrous metals by 4.0%, and cement by 5.8%.
At the same time, transportation of oil and petroleum products rose by 6.4%, iron and manganese ore by 4.7%, chemical and mineral fertilizers by 24%, grain and cereals by 24.8%.
In the total volume of cargo transportation by sea overseas accounted for 46.9%.
The volume of cargo transported by pipeline in January-July 2019 grew compared with January-July 2018. Thus, ammonia transportation increased by 8.3%, gas transportation by 1.4%. At the same time, oil pumping and oil transit decreased by 10.1% and 12.9% respectively. Ammonia transit increased by 7%, gas transit by 4.4%.

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TRANSPORT ENTERPRISES OF UKRAINE REDUCE PASSENGER TRAFFIC BY 6.1%

The transport companies of Ukraine in January-July 2019 carried 2.474 billion people, which is 6.1% less than in the same period of 2018, the State Statistics Service has reported.
According to its data, the passenger traffic of transport companies for the reporting period amounted to 62.6 billion passenger-kilometers, which is 4.3% more than in January-July last year.
According to the State Statistics Service, in the first seven months, 91.9 million passengers were transported by rail (taking into account the city electric train), which is 0.6% less than in January-July 2018, and 1.055 billion passengers were carried by road (5.5% less).
Air transport increased passenger traffic by 11.2%, to 7.6 million people.
In addition, according to the State Statistics Service, in January-July 2019, some 359.8 million passengers used the services of trams (a decrease of 10% compared to the same period in 2018), 411.3 million travelled by subway (a decrease of 1.6%), and 548.3 million people used trolleybuses (a drop of 8.9%).
Passenger transportation by water increased by 14.3% compared with January-July 2018, to 0.4 million people.
The service said the figures are given excluding the temporarily occupied territory of Crimea, Sevastopol and part of the temporarily occupied territories of Donetsk and Luhansk regions.

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