Business news from Ukraine

UKRAINE INCREASES GAS RESERVES

Natural gas reserves in underground storage facilities (UGS) of Ukraine as of October 17, 2020 reached 28.434 billion cubic meters, or 91.9% of their total design capacity, according to operational data of JSC Ukrtransgaz.
According to the calculations of Interfax-Ukraine, on October 1 through October 17, the storage facilities were filled by 379.6 million cubic meters, and if during October 1 – October 16, the daily injection ranged from 19.6 million cubic meters to 28.2 million cubic meters, then on October 17, it decreased to 10.8 million cubic meters.
Since the end of the season for withdrawing gas from storage facilities on March 26 until October 17, 2020, reserves in Ukrainian UGS facilities have increased by 80.1%, or 12.649 billion cubic meters.
As reported, in the previous heating season, which lasted from November 1, 2019 to March 26, 2020, gas reserves in the country’s underground storage facilities decreased by 6 billion cubic meters (from 21.784 billion cubic meters to 15.784 billion cubic meters).
The system of 12 underground storage facilities of Ukrtransgaz, which fully belongs to NJSC Naftogaz Ukrainy, has a total design capacity of 31 billion cubic meters.

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UKRAINE’S FX RESERVES TO $25.7 BLN

Ukraine’s FX reserves in April 2020 tentatively grew by 3.1% or $800 million, to $25.695 billion, the National Bank of Ukraine (NBU) said on its website on Thursday.
“Transactions of the National Bank to manage reserves and transactions on the FX market first of all contributed to the increase in FX reserves,” the central bank said.

NATIONAL BANK OF UKRAINE RAISES RESERVES TO $21.9 BLN

The international reserves of Ukraine in November 2019 increased, according to preliminary data, by 2.5%, or $500 million, to $21.932 billion, according to the website of the National Bank of Ukraine (NBU). According to the central bank, the increase in international reserves is due, first of all, to the maintenance of a favorable situation in the country’s foreign exchange market. The National Bank notes that, despite a significant slowdown in the inflow of foreign capital into government bonds compared to the previous months, currency supply in the market remained significantly greater than demand due to substantial sales of foreign currency by exporters, which allowed the NBU to replenish international reserves by $897.8 million (net purchase). In particular, the central bank bought $777.8 million at a single rate and $120 million by choosing the best rate. The NBU did not carry out any interventions on the sale of currency last month.
According to the report, for the indicated period, $644.7 million was allocated for servicing and repaying the state debt in foreign currency. Of this amount, EUR425.5 million was paid on government domestic loan bonds, $9.2 million on eurobonds. In addition, $84.4 million were allocated to fulfill obligations to the International Monetary Fund.
These expenses were partially offset by revenues of $304.9 million from the placement of government domestic loan bonds denominated in foreign currency, the NBU notes.

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COAL RESERVES IN THERMAL POWER PLANTS IN UKRAINE 46% LESS THAN LAST YEAR

Coal reserves in the warehouses of thermal power plants (TPP) of energy generating companies in Ukraine as of August 19 stood at 753,400 tonnes, which is 46% (639,200 tonnes) less than a year earlier, according to data from the Ministry of Energy and Coal Industry. According to Interfax-Ukraine’s calculations, the reserves of anthracite currently amount to 262,800 tonnes, which is 8.1% (19,700 tonnes) more than last year. Gas coal reserves are 490,600 tonnes, which is 56.5% (659,000 tonnes) less than last year.
At the same time, coal reserves (anthracite and gas) in the warehouses of thermal power plants today amount to 164,600 tonnes, which is 50% less than a year earlier.
As reported, coal consumption by TPPs and combined heat and power plants in the country in 2018 increased by 5.7% (by 1.409 million tonnes) compared to 2017, to 26.22 million tonnes.

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UKRAINE EXPORTS 4.2 MLN TONNES OF GRAIN IN NEW AGRI YEAR

Ukraine since the beginning of the new 2019/2020 agricultural year (July-June) and as of August 6, 2019 had exported 4.189 million tonnes of grain and legumes.
According to the Ministry of Agricultural Policy and Food, farmers exported 1.59 million tonnes of corn, 1.58 million tonnes of wheat, and 1.02 million tonnes of barley.
For the same period last year, 2.606 million tonnes of grain and leguminous crops were exported.
As of the indicated date, 27,700 tonnes of flour were also exported.
As reported, with reference to the ministry, Ukraine exported a record 50.4 million tonnes of grain in the 2018/2019 agri-year, and this is 23% more than in the previous agri-year.

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UKRAINE’S FOREX RESERVES EXPAND BY $1.2 BLN TO $21.84 BLN

Ukraine’s forex reserves in July 2019 grew by $1.2 billion or 5.8%, to $21.84 billion thanks to net purchase of currency on the interbank currency market by the National Bank of Ukraine (NBU), according to preliminary data posted on the central bank’s website.

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