Business news from Ukraine

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.

,

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.

, ,

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.

, , ,

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.

,

UKRAINE INCREASES GAS RESERVES IN UNDERGROUND STORAGE

Ukraine from April 4 to July 13, 2019, increased its natural gas reserves in underground storage facilities (USF) by 66%, or 5.768 billion cubic meters (bcm), to 14.514 bcm, according to JSC Ukrtransgaz.
According to the calculations of the Interfax-Ukraine agency, this volume exceeds the stocks reported on July 13, 2018, by 22.2% and on July 13, 2017, by 18.9%.
The country’s gas reserves on July 1-13 increased by 969.38 million cubic meters (mcm), which was 74.6 mcm daily on the average, whereas it was 71.9 mcm per day in June, 62.9 mcm per day in May.
Ukraine’s gas reserves in the USFs on July 13, 2019, increased by 69.62 million cubic meters (mcm) when imports totaled 61.93 mcm and domestic production was 54.83 mcm.

, ,

UKRAINE’S FOREX RESERVES GROWS TO $20.8 BLN

Ukraine’s international reserves grew by 10.6% in 2018, to $20.8 billion, and in December 2018 the growth was 17.5%, according to tentative data posted on the website of the National Bank of Ukraine (NBU). “It was possible to increase international reserves, primarily thanks to the external financing received by Ukraine and the purchase of excess currency in the interbank market by the NBU,” the NBU said in a statement.
As the central bank said, for most of 2018, the currency supply in the interbank market prevailed over demand.
In particular, in the first half of the year, a high level of supply was ensured by a favorable external pricing environment for Ukrainian exports and the revival of investor interest in emerging markets. In the second half of the year, a surplus of currency was recorded thanks to the export earnings for a record grain harvest and other agricultural products, the regulator said. At the same time, the NBU said that in 2018, the net purchase of currency in the interbank foreign exchange market by the NBU provided replenishment of reserves by $1.4 billion.

,