Business news from Ukraine

PRICE OF LAND IN KYIV UP IN H1

The price of land plots in Kyiv has risen by an average of 5-10% since the beginning of 2021, according to Park Lane real estate agency.
“Land reacts least of all to changes in external factors (economic, political) due to limited supply within Kyiv. Land prices are showing growth, especially with a good location. Liquid land plots can always be profitably and quickly sold,” director general of Park Lane Viktoria Barabash said.
According to the analysis of Park Lane, the most expensive offer is in Pechersky district of the capital – $ 60,000-100,000/100 sq m, in Holosiyevsky district – $ 25,000-50,000/100 sq m, in Solomiansky district – $ 20,000-40,000/100 sq m.
Barabash noted an active demand for the purchase of land within the capital, but the interest in such real estate is lower than in houses or apartments built in residential complexes.
Today there is a choice of land plots in different districts of Kyiv and with a different purpose, ranging from 600 to 92,000 sq m.
According to Park Lane, the most diverse selection of land plots is in Holosiyevsky district (Pyrohovsky Way, Chabanovska Street, Kazatska Street, etc.), Solomiansky (Sovky), in Pechersk (Zverynetska Street, Redutna Street, etc.). Also, buyers are always interested in the land in Osokorky, Rusanivski gardens, where there is access to the water.

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ACTUAL PRICE OF CRUDE OIL IN UKRAINE 5% UP IN MAY

The actual price of crude oil and condensate used in determining the payment for subsoil use in May 2021 amounted to UAH 13,257 per tonne, which is 5.2% more than in April 2021 (UAH 12,605 per tonne).
The relevant data was posted on the website of the Ministry for Development of Economy of Ukraine.
As reported, in January 2020, the actual selling price of oil and gas condensate amounted to UAH 11,114 per tonne, in February – UAH 9,648, in March – UAH 5,913, in April – UAH 3,960, in May – UAH 6,199, in June – UAH 8,115, in July – UAH 8,847, in August – UAH 8,887, in September – UAH 8,467, in October – UAH 8,447, in November – UAH 9,034, in December – UAH 10,127 per tonne.
In January 2021 the selling price was UAH 11,114 per tonne, in February 2021 it was 12,302 per tonne, in March it was UAH 12,832 per tonne, and in April it was UAH 12,605 per tonne.

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NAFTOGAZ WILL KEEP GAS PRICE FOR POPULATION

Gas supply company Naftogaz Ukrainy in April will keep the price of natural gas for household consumers (population) at the current level of UAH 6.86 per cubic meter, and the price of gas within the supplier of “last resort” for the next month will also remain at the March level of UAH 6.99 per cubic meter.
“We are going to offer our clients the same price in April as they had in March. And thus we end the heating season with a stable price,” he said on the air of Channel 5 on Wednesday evening.
At the same time, Kobolev did not say what fixed price the group is ready to offer under an annual contract, which will begin on May 1, 2021, to both the population and wholesale buyers.
“This price has not been determined yet. We have signed the first big contract [with Dmytro Firtash’s Ye Energiya LLC], which contains a pricing formula. The price will be known for sure on April 25 this year,” said the head of Naftogaz.
Kobolev also said that the group’s market share increased by 11 p.p. – up to 13% from August 2020 to the present day.

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ACTUAL SELLING PRICE OF CRUDE OIL IN UKRAINE 0.5% UP

The actual selling price of crude oil and gas condensate used in determining royalty for subsoil use in August 2020 amounted to UAH 8,887 per tonne, which is 0.5% more than in July.
The relevant data are published on the website of the Ministry of Economic Development, Trade and Agriculture of Ukraine.
In January 2020, the actual selling price of oil and gas condensate amounted to UAH 11,114 per tonne, in February UAH 9,648 per tonne, in March UAH 5,913 per tonne, in April UAH 3,960 per tonne, in May UAH 6,199 per tonne, in June some UAH 8,115 per tonne and in July it was UAH 8,847 per tonne.

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STATE-RUN NAFTOGAZ TO CUT GAS PRICE FOR INDUSTRY BY 20%

In June 2020, NJSC Naftogaz Ukrainy will reduce the price of natural gas sold to industrial consumers on an advance payment basis by 20.7% (UAH 849.60) compared to the current month’s price, to UAH 3,256 per 1,000 cubic meters (including VAT).
According to a report on the company’s website, the indicated price is relevant for consumers purchasing gas on an advance payment in the amount of more than 50,000 cubic meters per month, provided that there are no debts to the company and for 100% subsidiaries of Naftogaz Ukrainy.
For other buyers, the price next month will decrease by 19% (by UAH 896.40), to UAH 3,818 per 1,000 cubic meters (including VAT).

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NAFTOGAZ UKRAINY REDUCES GAS PRICE FOR PUBLIC BY 13%

NJSC Naftogaz Ukrainy has reduced the price of gas for households and heating companies by 13% in December compared with the price in November, to UAH 4,277 per 1,000 cubic meters (excluding VAT, transportation costs and gas sellers’ margins), the company said in a press release.
“Despite the fact that according to the results of exchange trading, the market price of gas in the Ukrainian market did not decrease over the past month, the regulated price in December 2019 decreased in accordance with the declared value of gas cleared in November,” Naftogaz noted.
The company noted that this price level is not market and is determined according to the formula established by the Cabinet of Ministers in its resolution No. 293. In particular, according to the document, the population and heating companies purchase gas at the minimum of four prevailing in the market value: the average import price according to the Ministry of Economic Development and Trade, the price of Naftogaz Ukrainy for industry, the average weighted price at the auctions on the Ukrainian Energy Exchange, PSO under resolution No. 867. This mechanism of social price formation is valid until the end of 2019. From January 1, 2020, in accordance with agreements with the International Monetary Fund, Ukraine will switch to market pricing for household consumers.

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