Business news from Ukraine

HUNGARY, POLAND, MOLDOVA ARE TOP MARKETS FOR UKRAINIAN ELECTRICITY

Ukraine in January-May of this year exported electricity worth $137.168 million, in particular in May for $27.837 million. According to the State Fiscal Service, Hungary received electricity worth $85.312 million, Poland for $32.575 million, Moldova for $15.629 million, other countries for $3.652 million.
Thus, in monetary terms exports of Ukrainian electricity in January-May 2018 increased by 25% compared to the same period in 2017 ($109.749 million). In addition, Ukraine for this period imported electricity for $658,000 (from the Russian Federation for $629,000, from Belarus for $28,000, and from Moldova for $1,000).

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UKRAINE CONSIDERABLY INCREASES ELECTRICITY EXPORTS IN Q1, MAIN IMPORTERS – POLAND, MOLDOVA, HUNGARY, SLOVAKIA, ROMANIA

Ukraine increased electricity exports 18.3% in January-March 2018 year-on-year to 1.596 billion kilowatt-hours (kWh), the Ministry of Energy and Coal Industry has told Interfax-Ukraine. Electricity supplies from the Burshtyn thermal power plant energy island in the direction of Hungary, Slovakia and Romania for the three month grew 0.9% compared to January-March 2017, to 1.026 billion kWh.
Electricity supplies to Poland rose 27.6%, to 423.327 million kWh. Ukraine exported 146.218 million kWh to Moldova in January-March 2018 compared to nil a year earlier.
No electricity was exported to Belarus or Russia in January-March 2018 or January-March 2017.
In March 2018, exports of Ukrainian electricity totaled 563.7 million kWh, which is 49.6% more than in March 2017.
Ukraine imported 8.92 million kWh of electricity in January-March 2018 (of which 8.559 million kWh from Russia and 0.361 million kWh from Belarus) versus 11.6 million kWh in the same period last year. Energomarket contracts account for the imports as technological transfers.

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COMPANIES FROM TURKEY, CHINA, POLAND, AZERBAIJAN, LITHUANIA BID IN TENDER TO BUILD INTERCHANGES ON KYIV-ODESA, KYIV-CHOP HIGHWAYS

The State Automobile Roads Agency, also known as Ukravtodor, opened bids of contractors participating in a tender to build two-level traffic interchanges on M-05 Kyiv-Odesa and M-06 Kyiv-Chop highways. The press service of the agency reported that the tender to build two-level traffic interchanges was held as part of the implementation of the project of the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) entitled “Pan-European Corridors Project/European road of Ukraine II, Improvement of traffic condition of the roads at approaches to Kyiv.” The tender for the work was held for the contracts, the financing of which will be carried out through a loan: lot No. 1 is construction of two-level interchanges on the M-05 highway, turn to the village of Chabany and turn to Boyarka and M-06 highway – completion of the alignment near the village of Stoyanka; Lot No. 2 is construction of two-level transport interchanges on the M-06 highway – turn tot eh village of Chaiky and turn to the village of Bilohorodka.
Seven companies submitted their bids: Fermak Insaat Taahhut A.S. (Turkey), China Road and Bridge Corporation (China), СП PBDiM Sp. z o. o. (Poland) and Ukrainian-Polish Company with foreign investments UPS LLC (Ukraine), JSC Euro-Asian Construction Corporation EVRASCON (Azerbaijan), Sinohydro Corporation Ltd. (China), Alke Insaat Sanaye ve Ticaret A.S. (Azerbaijan), Kauno Tiltai LLC (Lithuania).

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FOCUS ESTATE FUND FROM UKRAINE BUYS SHOPPING CENTER IN POLAND

Headquartered in Kyiv has acquired the Galeria Eden shopping center in Zgorzelec (Poland) with a gross area of 8,500 square meters from Poland’s DNB Assets Holdco, the press service of the Ukrainian fund reported on Wednesday. “During the year, Focus Estate Fund together with the Polish development partner Młyn Retail Park will carry out work to expand the retail area to 10,000 square meters and change the format of the shopping center to a retail park,” the fund said.
According to the fund, investments in the re-concept will amount to more than EUR 1.5 million. It will take about a year to complete the project.
According to the fund, the international company JLL became the managing company of the facility.
“Due to the successful location of the retail park directly on the border with Germany, we expect a significant increase in the flow of buyers from Germany. For this we invest in modern architectural solutions that will give a new life cycle to the facility, and through the increase in the retail area attract more tenants,” the fund said, quoting its managing partner Andriy Kozin.
According to the Focus Estate Fund, the facility is located in a large shopping cluster in the village directly on the border with Germany, next to the German city of Görlitz, a major cultural and industrial center of the country.
The anchor tenants of the shopping center are Jysk, Komfort, Abra Meble, Pepco and Takko Fashion.
As reported in October 2017, the Focus Estate Fund acquired Most Retail Park in Most (the Czech Republic) with a total area of 6,500 square meters. In 2016, the fund acquired Centro Ostrava Retail Park in the Czech Republic and Galeria Sandomierz in Poland. The company plans to invest about EUR 50 million within two or three years in the development of commercial medium-sized commercial property projects in Eastern Europe.

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