The Lithuanian company Snaige, the only manufacturer of household refrigerators and freezing equipment in the Baltic States, in January-September 2020 reduced its revenue in Ukraine by 16.3% compared to the same period in 2019, to EUR 4.504 million.
According to the published unaudited annual report of the company, Snaige’s loss in Ukraine during this period decreased by one third, amounting to EUR 2,000.
In general, the consolidated unaudited turnover of Snaige for January-September 2020 decreased by 14% compared to the nine months of last year, to EUR 22.3 million.
According to Snaige AB CEO Mindaugas Sologubas, quoted in the report, the decline in sales is a consequence of the global pandemic and quarantine.
“Due to the restrictions imposed by the quarantine, the company’s plant in Alytus was forced to work at partial capacity for several months in the spring, some employees were idle. There was a shortage of supplies, as many suppliers were located in the countries affected by the pandemic,” he said.
As noted, in the third quarter of this year, the company’s sales recovered and almost reached the level of the third quarter of last year, but this was not enough to cover the losses incurred in the spring.
At the same time, the company’s unaudited consolidated EBITDA more than doubled in three quarters, to EUR 1.7 million.
Electricity production in the united energy system of Ukraine in January-October 2020 decreased by 5.4% (by 6.888 billion kWh) compared to the same period in 2019, to 119.819 billion kWh, the Ministry of Energy has told Interfax-Ukraine.
Nuclear power plants (NPP) for the ten months of this year reduced electricity generation by 6% compared to the same period last year, to 63.030 billion kWh. In particular, production of electricity at Zaporizhia NPP amounted to 22.248 billion kWh (29.6% less compared to January-October 2019), Yuzhnoukrainsk NPP some 15.126 billion kWh (6.9% more), Rivne NPP some 15.929 billion kWh (6.5% more), Khmelnytsky NPP some 9.727 billion kWh (up by 52.5%).
Thermal power plants (TPP), as well as combined heat and power plants (CHPP) and cogeneration plants reduced their output by 16.2%, to 39.317 billion kWh. In particular, the generating companies of TPPs reduced production by 23.7%, to 29.544 billion kWh, while CHPP and cogeneration plants increased it by 19.3%, to 9.774 billion kWh.
Hydro power plants and pumped storage power plants reduced production by 6.1%, to 6.237 billion kWh, and block stations increased by 8.2%, to 1.601 billion kWh.
Electricity production by non-traditional sources (wind power plants, solar power plants, biomass) increased by 2.1 times, to 9.634 billion kWh.
The share of nuclear power plants in the structure of electricity production amounted to 52.6%, TPPs, CHPPs and cogeneration plants 32.8%, hydro power plants and pumped storage power plants 5.2%, block stations 1.3%, alternative sources 8%.
Ukraine International Airlines (UIA, Kyiv) reduces its flight program due to the need to optimize the company’s costs and return to the breakeven level.
The press service of UIA said, in particular, the airline stops operating flights to Amman (Jordan), Minsk (Belarus), and Riga (Latvia).
In addition, air traffic between Kyiv and Beijing (China) will be suspended, and the frequency of flights on the route Kyiv-Bangkok (Thailand) will be reduced to three weekly flights. It is also planned to reduce the implementation of duplicate night and day flights of UIA in eastern directions.
Such changes, according to UIA, will come into force on November 16, 2019 and will be valid “until the government of Ukraine develops an effective solution to create equal competitive conditions for Ukrainian and foreign carriers when flying over the territory of the Russian Federation.”
“UIA will offer passengers a change in the route of transportation if this is possible or a refund of the ticket if it is not possible to change the route or the passenger refuses the proposed alternative flight,” the company explained.
In addition, according to the airline, all UIA regular flights to Western European destinations will be operated during the daytime, departing from Kyiv between 09:30 and 10:30 and arriving in Kyiv between 17:30 and 18:30 local time.
