Business news from Ukraine

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 16/07/19

National bank of ukraine’s official rates as of 16/07/19

Source: National Bank of Ukraine

UKRAINE EXPORTS 50.4 MLN TONNES OF GRAIN

Ukraine saw a record high export of 50.4 million tonnes of grain and leguminous crops in the 2018/2019 marketing year (MY, July 2018 through June 2019), which was 26.3% more than on the same date of the previous MY.
The Agrarian Policy and Food Ministry reported with reference to the State Fiscal Service, that maize exports totaled 29.82 million tonnes, shipments of wheat and wheat-and-rye blends abroad totaled 15.6 million tonnes, while 3.7 million tonnes of barley and 87,800 tonnes of rye were exported during the reporting period.
Some 301,280 tonnes of flour were also exported by the said date.
As reported, Ukraine in MY 2017/2018 exported 39.9 million tonnes of grain.
According to the Agrarian Policy and Food Ministry, Ukraine exported 1 million tonnes of grain and leguminous crops from July 1, when the new 2019/2020 marketing year started, to July 12, 2019.

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UKRTRANSNAFTA CHECKS QUALITY OF U.S. CRUDE OIL, PUMPS IT TO KREMENCHUK OIL REFINERY

JSC Ukrtransnafta, having checked the quality of U.S. crude oil (the Bakken formation), which was delivered by a tanker late last week, has started pumping it into the pipeline towards Ukraine’s Kremenchuk oil refinery.
“After the compliance of the crude oil was confirmed, Ukrtransnafta began pumping oil for its further transportation through the Odesa-Kremenchuk oil pipeline to the Kremenchuk refinery,” Ukrtransnafta said on Facebook on July 13.
As reported, the first batch of crude oil from the United States arrived in Odesa on July 6. It was delivered by the Wisdom Venture tanker.

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NORDIC ENVIRONMENT FINANCE CORPORATION TO GIVE EUR 4.35 MLN TO NORWAY’S NORSK SOLAR FOR CONSTRUCTION OF SOLAR PLANT NEAR KYIV

The Nordic Environment Finance Corporation (NEFCO) will lend EUR 4.35 million to Norway’s Norsk Solar for the construction of a 9 MW solar power plant near the town of Brovary in Kyiv region. According to NEFCO’s press service, Norsk Solar itself will allocate another EUR 4.35 million for the construction of the plant.
“We are happy to be able to join forces with NEFCO to construct this solar power plant in Ukraine. We estimate that it will provide more than 5,000 households with renewable energy over the next few decades,” NEFCO’s press service quoted CEO at Norsk Solar AS Oyvind Vesterdal as saying.
The solar plant is located in the village of Semypolky and will be built on a total land area of 12.6 hectares. The plant is to be commissioned at the end of 2019.
The project owner and majority equity contributor, Norsk Solar AS, is part of the Norsk Vind group.
Norsk Solar is owned by Norwegian Lars Helge Helvig.
As reported, at the end of January, Norsk Solar and the Ukrainian engineering company Pro-Energy, which is owned by Ruslan Delidon and Dmytro Osypov, signed an agreement on the construction of a solar power plant in Kyiv region.

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NAFTOGAZ WILL REDUCE PRICE OF NATURAL GAS FOR UKRAINIAN POPULATION BY 11.7%

NJSC Naftogaz Ukrainy will reduce the price of natural gas for the population by 11.7% (by UAH 648) compared to the June price, to UAH 4,905 for 1,000 cubic meters (excluding VAT, shipping costs and supplier margins), the press service of the company has said. Naftogaz focused on the fact that the final price for consumers will depend on the tariff for gas distribution.
As reported, according to government resolution No. 485 of June 5, 2019, from June Naftogaz is obliged to sell gas to the population at the minimum price of the four market values: the average price of imports according to the Ministry of Economic Development and Trade (UAH 5,161), the company’s price for industry (UAH 5,017), the average weighted price on the Ukrainian Energy Exchange (UAH 4,905), and public service obligations according to resolution No. 867 (the price is calculated in the amount of UAH 7,185).

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IRISH LOW-COSTER RYANAIR TRANSPORTS 500,000 PASSENGERS FROM AND TO KYIV’S BORYSPIL INTERNATIONAL AIRPORT SINCE SEPT 2018

Irish-registered low-cost airline Ryanair (Dublin) transported 500,000 passengers from and to Kyiv’s Boryspil international airport since September 2018 and plans to double this figure until the end of 2019. This was announced by Olga Pawlonka, Ryanair’s international communications manager during the welcoming ceremony of the 500,000th passenger at Boryspil on Friday, an Interfax-Ukraine correspondent said.
“We are developing at a very fast pace in Ukraine. We are thinking about opening directions from all cities of Ukraine. From winter there will be two new routes from Kharkiv, five new ones from Odesa. From the end of October, we will launch seven new routes from Kyiv. Now there are 17 routes from Kyiv , but from winter their number will be 24,” she noted. At the same time, answering a question about the possible opening of a representative office in Ukraine, Pawlonka said that this was impossible. “As Ryanair is a low-cost company, there is only one office in Dublin, from which operations around the world are handled. That is why it is impossible. This is impossible without value increase,” she explained.
As reported, Ryanair in May 2019 launched the Ukrainian version of its official website.

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