Business news from Ukraine

SIX UKRAINIAN COMPANIES BUY ACCESS TO 1.1 GW OF INTERSTATE NETWORK TO IMPORT ELECTRICITY FROM RUSSIA

Six companies have bought access to 1.1 GW of interstate network carrying capacity for importing electricity from the Russian Federation to Ukraine in December, according to information on the website of Ukrenergo. Thus, TAS Energy of Sergiy Tigipko bought 350 MW (24.6% more compared to the access capacity purchased in November). Ukrtorgenergy LLC acquired an additional 300 MW of capacity in December (Volodymyr Lytvynchuk is the ultimate beneficiary of the company founded in May 2019, while in mid-August the core business changed from electricity production to trade), which in November gained access to only 10 MW. The next largest one in terms of volume is ONK Group with 150 MW. At the November auction, this company failed to gain access to the section.
In turn, United Energy LLC (which has contracts for the supply of energy to the enterprises of Ihor Kolomoisky and the Surkis brothers) bought access to 100 MW in December (against 500 MW in November), and ETG LLC bought the same amount.
Access to the capacity for imports from Belarus was obtained by D Trading (Donbasenergo of Maksym Yefimov) and ERU Trading LLC (the Energy Resources of Ukraine group of companies) in the amount of 450 MW and 50 MW respectively.
D Trading also bought access to 404 MW for imports from Moldova and 85 MW from Hungary.

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UKRAINE, EU, RUSSIA HOLD CONSULTATIONS ABOUT GAS TRANSIT TALKS

Ukraine, the European Commission and the Russian Federation held technical consultations in Brussels on Tuesday to prepare for the next round of trilateral talks on gas transit after January 1, 2020.
NJSC Naftogaz Ukrainy said in a press release that during the consultations the parties discussed Ukraine’s progress in the implementation of the norms of the European legislation and the creation of independent gas transmission system operator.
In addition, the signing of an interconnection agreement between the operators of the gas transmission systems of Ukraine and the Russian Federation on standard European conditions was discussed, as well as the methodology of tariff formation for gas transportation, and other issues.
The next round of trilateral gas transit negotiations is expected to take place on October 28.

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DONALD TRUMP CONGRATULATES RUSSIA AND UKRAINE ON EXCHANGE OF PRISONERS

U.S. President Donald Trump has congratulated Ukraine and Russia on the successful implementation of the mutual release of persons held by the states, calling it a “giant step towards peace.”
“Russia and Ukraine just swapped large numbers of prisoners. Very good news, perhaps a first giant step to peace. Congratulations to both countries!” he said on Twitter.

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BELARUSIAN PRESIDENT LUKASHENKO: BELARUS TOGETHER WITH RUSSIA OR UKRAINE COULD HOST OLYMPIC GAMES

Belarus could host Olympic Games together with Russia or Ukraine, Belarusian President Alexander Lukashenko said.
“Of course, it is hard for us to compete with giants, but we can host the Olympics together with, let us say, Ukrainians or Russians,” the BelTA state news agency cited Lukashenko as saying in Brest.
Facilities for the Olympic Games are ready in Belarus, he said. “We’re going to build the national soccer stadium and a facility for water sports now, and soccer remains. Russia has the infrastructure for soccer. We can easily host the Olympics with them. And here, in Belarus, we can host mostly the Summer Olympics with the help of Russians or Ukrainians. They have facilities we’re lacking,” Lukashenko said.
Belarus hosted the Second European Games in June.

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DANISH AGRO-COMPANY AGROMINO WITH ASSETS IN UKRAINE, RUSSIA AND ESTONIA POSTS EUR 6.6 MLN NET PROFIT

The Danish agro-company Agromino with assets in Ukraine, Russia and Estonia received EUR 6.6 million of net profit in January-June 2019 against EUR 2.8 million of net loss for the same period in 2018.
According to a company report on the website, total income, adjusted for the fair value of assets and reserves, for the first half of this year increased 10%, up to EUR 30.2 million.
Agromino’s EBITDA for the six months was positive and totaled EUR 10.2 million in comparison with negative indicator in p2018 – EUR 1.8 million.
Consolidated assets of the agricultural company at the end of June 2019 were estimated at EUR 92.9 million compared to EUR45.4 million by the end of 2018.
Agromino in the second quarter of 2019 saw 21% million rise in net profit against EUR 9.8 million of net profit for the same period last year. Total revenue for this period increased by 9.5%, to EUR 22.2 million.
Agromino (formerly Trigon Agri) was established in 2006. It specializes in grain and dairy production, agricultural trade.
In Ukraine, the company owns four silos with a capacity of 145,000 tonnes. Its land bank is about 45,000 hectares in Kharkiv, Mykolaiv, and Kirovohrad regions.

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UKRAINE BUYS $68.7 MLN WORTH NUCLEAR FUEL FROM RUSSIA, SWEDEN IN 2019

Ukraine spent $68.666 million on nuclear fuel for its power plants in the five months of 2019.
According to the State Statistics Service, $17.437 million was spent on Russian fuel and $51.229 million on Swedish fuel. Thus, Russia’s TVEL provided 25.4% of its fuel, and Sweden’s Westinghouse 74.6%.

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