Business news from Ukraine

AUCTION FOR SALE OF UKRAINIAN UNITED MINING AND CHEMICAL COMPANY TO BE HELD ON AUG 31

The auction commission for the sale of PrJSC United Mining and Chemical Company with a starting price of UAH 3.7 billion has set a date for the privatization auction, which will take place on August 31, 2021, Head of the State Property Fund (SPF) Dmytro Sennychenko has said.
“Preliminary interest in the object was expressed by a wide circle of investors, part of whom is foreign. We hope for a high competition and a market price of the sale at a transparent auction,” he wrote on Facebook.
United Mining and Chemical Company state enterprise began its actual activity in August 2014, when the government of Ukraine decided to transfer to its management the property complexes of Vilnohirsk Mining and Metallurgical Plant (Dnipropetrovsk region) and Irshansk Mining and Processing Plant (Zhytomyr region). Then it was transformed into PJSC, and then – into PrJSC.

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UKRAINE RECORDS LARGEST INCREASE IN PEACEFULNESS GLOBALLY IN 2020

Ukraine’s score in Global Peace Index in 2020 improved by 0.22 or 7.6%, to 2.66, which recorded the largest increase in peacefulness globally among 163 countries, according to the Global Peace Index (GPI) report posted by the London-based Institute for Economics and Peace on Thursday.
“Indictors that improved included violent crime, violent demonstrations, political instability and the intensity of internal conflict,” the authors of the report said.
The country rose six places in the GPI to 142 GPI rank between Iran and Israel.
“Although Ukraine had the largest increase in peacefulness, concerns remain about the outbreak of future conflict. Russia massed troops on its border with Ukraine in the early part of 2021… Despite the withdrawal of troops from the border region, tensions are likely to remain high for the foreseeable future,” according to the study.
The worst deterioration was shown by Burkina Faso (0.254) and Belarus (0.183), which took 134th and 117th ranks.
Belarus recorded the largest deterioration in the region and the second largest deterioration globally as Belarus experienced the largest anti-government protests in its history, organised by the opposition in response to President Lukashenko seeking a sixth term in office.
Russia is the least peaceful nation in the region and is one of the least peaceful countries in the world on the 2021 GPI, with an overall rank of 154.
In the past year, 87 countries recorded an improvement in peacefulness, while 73 countries recorded a deterioration, and the average level of global peacefulness deteriorated by 0.07% in the 2021 Global Peace Index – the second lowest indicator of change in 15 years of calculating the index.
“It is still too early to fully gauge the long-term effects of the pandemic on peace. However, the changing economic conditions in many nations increases the likelihood of political instability and violent demonstrations,” the study said. Over 5,000 pandemic related violent events were recorded between January 2020 and April 2021
Iceland remains the most peaceful country in the world, a position it has held since 2008 with GPI of 1.1. It is joined at the top of the index by New Zealand, Denmark, and Portugal.
Afghanistan is the least peaceful country in the world for the fourth consecutive year, followed by Yemen, Syria, and South Sudan.

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VACCINATION POINT AT INTERNATIONAL EXHIBITION CENTER IN KYIV TO WORK FOR 4 DAYS THIS WEEK

The Center for Mass Vaccination of the Population against Coronavirus, which was created on the basis of the International Exhibition Center in Kyiv (IEC), will work for four days this week, the press service of Kyiv City State Administration reports.
“This week, the COVID-19 Vaccination Center, based at the International Exhibition Center, will be open on Thursday and Friday, and Saturday and Sunday from 10:00 to 17:30,” the message reads.
It is noted that one can sign up for vaccinations using the Diia application and the Helsi.me portal.
Kyiv City State Administration adds that now the city continues to vaccinate teachers, medical and social workers, participants in the environmental protection organization, as well as people 65 years of age and older.

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MAJOR BUYERS OF UKRAINIAN IRON ORE IN JAN-MAY ARE CHINA, CZECH REPUBLIC AND AUSTRIA

Mining enterprises of Ukraine in January-May this year reduced exports of iron ore raw materials (iron ore) in quantity terms by 1.8% compared to the same period last year, to 18.536 million tonnes.
According to statistics released by the State Customs Service on Wednesday, during the specified period, foreign exchange earnings from iron ore exports increased 2.1-fold, to $3.132 billion.
Iron ore was exported mainly to China (45.44% of supplies in monetary terms), the Czech Republic (9.41%) and Austria (8.36%).
In January-May 2021, iron ore was imported to Ukraine for $127,000 in a total volume of 1,130 tonnes, while in January-May 2020, iron ore was imported from the Netherlands for $28,000, from Sweden for $10,000, from Germany for $1,000 and from Hungary $1,000 in the total volume of 84 tonnes.
In January-May 2021, iron ore was imported from Egypt (81.75%), Poland (10.32%) and Chile (2.38%).

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UKRAINE INCREASES CAST IRON EXPORTS BY 4%

Ukraine in January-May this year increased exports of cast iron in quantity terms by 4.1% compared to the same period last year, to 1.252 million tonnes.
According to statistics released by the State Customs Service on Wednesday, during the specified period, exports of cast iron in monetary terms increased by 70.8%, to $600.902 million.
At the same time, exports were carried out mainly in the United States (59.45% of supplies in monetary terms), Turkey (13.82%) and Italy (11.83%).
In January-April 2021, Ukraine imported 73 tonnes of cast iron worth $92,000 from Germany (86.96%) and Slovakia (13.04%), while over the five months of 2020 it imported 314 tonnes of similar products worth $209,000.

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“COURT CASE OF ILLEGAL DISCONNECTION OF CANADIAN INVESTOR BY KOLOMOYSKYI RESUMES TODAY”

Date: June 23, 2021
Contact: Ivan Bachynsky +380-93-064-8292 ivan@tiucanada.com.ua
(Kyiv, Ukraine) – TIU Canada, a major foreign investor in Ukrainian solar energy, returns to court today seeking reconnection of its Nikopol solar station. The case will be heard by the Kyiv Northern Appellate Commercial Court at 11:30, June 23, 2021. A three judge panel consists of the presiding Judge A.G. Maydaneevych, O.M. Kovtun and O.M. Gavruliuk will hear the case number is 910/3844/20. The address is courtroom #7, 1a Sholudenka Street in Kyiv.
TIU Canada, the plaintiff in the case, was illegally disconnected from the electricity grid on March 2, 2020, by the Nikopol Ferroalloy Plant (NFZ) whose ultimate beneficial shareholders are Igor Kolomoyskyi, Gennadiy Bogolyubov, and Viktor Pinchuk. The case can be viewed online at: https://www.youtube.com/watch?v=TnljwMv_fuE
TIU Canada is a leading Canadian-based solar energy producer, which has been working in Ukraine since 2016, and is a leading solar energy producer. The company commissioned a 10.5 megawatt solar power plant in Nikopol, Ukraine, in January 2018, and an 11.3 megawatt solar station in the Mykolayiv region in April 2019. An additional 33 megawatts of solar power generation has been commissioned in the Odesa region, for a total of 56 megawatts nationwide. TIU Canada has invested more than $65 million in Ukrainian solar energy over the last four years and was the first investor in Ukraine under the Canadian Ukrainian Free Trade Agreement (CUFTA).