Business news from Ukraine

IMPORTS OF PASSENGER CARS TO UKRAINE 32% UP IN JAN-SEPT

KYIV. Nov 22 (Interfax-Ukraine) – Imports of passenger cars to Ukraine (new and used ones) grew by 32% in January-September 2016 year-over-year, to 56,943 cars, Ukrautoprom association has reported.

The association said that in money terms imports totaled $988.5 million.

The largest supplier of passenger cars to Ukraine is the European Union (EU): 30,614 cars worth $505.2 million were imported, including two thirds of new cars worth $431.6 million.

Cars from Japan are second: 8,401 cars worth $198.4 million. Over 96% of imported Japanese cars were new ($196.4 million).

Cars from the United States are third: 4,489 cars worth $134.9 million, including 64% of new cars worth $123.2 million.

In January-September 2016, passenger cars were actively imported from Russia (3,117 worth $25.4 million), South Korea (2,457 worth $45.5 million), Turkey (2,453 worth $27.8 million) and Mexico (2,154 worth $24 million). Some 90-99% of them were new cars.

A total of 1,667 cars worth $4.8 million were imported in China (over 93% of new cars).

The association’s press service reported that the major part of used cars imported to Ukraine over the period was cars imported from the EU. The EU share of total imports of used cars was 78% (9,592 worth $73.6 million).

“In general, some $93.5 million was removed from the country to buy used cars abroad,” Ukrautoprom said.

NEW FORD DEALER CENTER OPENED IN VINNYTSIA

KYIV. Nov 22 (Interfax-Ukraine) – A new Ford dealer center was opened in Vinnytsia by Avtovinn company, the official dealer of Ford in Ukraine, the press service of Winner Imports Ukraine has reported.

The dealer center in Vinnytsia has become the third Ford center in the country after dealers in Kyiv and Dnipro. It provides a full cycle of services to sell and service Ford cars.

It took 18 months to build the center with a gross area of 1,592 square meters. The showroom is 676 square meters, the servicing zone is 785 square meters with 10 lifting platforms (totally 14 platforms).

A total of 40 people are working in the center.

Winner Imports Ukraine has been operating since 1992. It is the official importer of Ford, Volvo, Jaguar, Land Rover and Porsche cars in Ukraine. The dealer chain includes 56 centers for five brands, including 27 Ford dealers.

CLEAN ENERGY GROUP LAUNCHES 7 MW SOLAR PLANT IN VINNYTSIA REGION

KYIV. Nov 21 (Interfax-Ukraine) – Clean Energy Group has launched the Balky solar power station of 7 MW in Vinnytsia region, the press service of the regional state administration has said.

According to the administration, in general Clean Energy is engaged in building seven solar power plants in the region.

The general contractor for building the Balky station is Podilsky Energoconsulting.

Clean Energy Group comprises a number of companies with Cypriot beneficiaries. The group is managed by Andriy Symonovych.

UKRAINE INTERESTED IN BUILDING LNG TERMINAL IN CROATIA – GROYSMAN

KYIV. Nov 21 (Interfax-Ukraine) – Ukraine is interested in the construction of an LNG terminal in Croatia, Prime Minister of Ukraine Volodymyr Groysman has said after a meeting with Croatian Prime Minister Andrej Plenkovic in Kyiv.

According to him, cooperation with Croatia in the energy sector is important for Ukraine.

“The fact that Croatia plans the construction of a new LNG terminal is fully in line with our priority, and we are ready to join the project with the partners, and we are interested to diversify gas supplies to Ukraine. We want this project to be successfully implemented,” Groysman said.

As reported, Croatia plans to build an LNG terminal on the Krka Island in the Adriatic Sea.

TURBOATOM TO SUPPLY SECOND CONDENSER FOR YUZHNOUKRAINSK NPP IN 2017

KYIV. Nov 21 (Interfax-Ukraine) – Public joint-stock company Turboatom (Kharkiv), the largest Ukrainian producer of turbine equipment, has signed a contract to modernize a condenser of the turbine of reactor one of Yuzhnoukrainsk nuclear power plant (NPP).

The company’s press service reported that this will be the second condenser the company will make for the NPP.

The cost of the contract is UAH 465 million. The production and shipping of the equipment is scheduled for March-December 2017.

The shipment of the first condenser for reactor two of Yuzhnoukrainsk NPP was finished in summer 2016.

Turboatom is the only Ukrainian producer of turbine equipment for hydro, thermal and nuclear power plants. The company supplies goods to 45 countries in Europe, Asia, America, and Africa.

KARPATYGAZ, UKRGAZVYDOBUVANNIA JOINTLY PRODUCE 54.7 MCM OF GAS IN OCT – MISEN

KYIV. Nov 21 (Interfax-Ukraine) – Joint operations of public joint-stock company Ukrgazvydobuvannia and Karpatygaz LLC resulted in production of 53.7 million cubic meters (mcm) of gas and 2,700 tonnes of gas condensate in October, according to a posting on the website of Misen Energy АВ (Sweden, the owner of the controlling stake in Karpatygaz).

In addition, 400 tonnes of oil and 900 tonnes of liquefied gas were produced by the joint venture.

In October the joint venture sold 44.5 mcm of gas, and 7.8 mcm was used for technological needs of the Khrestyschynska compressor station. The entire amount of gas condensate and oil produced in October was sent for refining.

As reported, joint operations of Ukrgazvydobuvannia and Karpatygaz in 2015 resulted in a loss of UAH 87.317 million.