Ukraine

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13:47 PM Monday, November 20, 2017
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UBJ AM Aug. 1, 2017
Exports to Germany up 24 percent; Mriya sues for return of land and equipment; leasing of land for solar power plant starts around Charnobyl
image/svg+xml Kyiv Lutsk Rivne Zhytomyr Lviv Ternopil Khmelnytskyi Uzhgorod Chernivtsi Vinnytsia Chernigiv Sumy Kharkiv Poltava Cherkasy Kirovohrad Lugansk Dnipropetrovsk Donetsk Zaporizhzhia Mykolaiv Odesa Kherson Simferopol Sevastopol Ivano- Frankivsk

• Ukraine saw a 22% increase in trade turnover with Germany over the first five months of this year, reaching $2 billion, Ukrinform reports. Ukraine’s exports to Germany rose by 28 percent.

• State-owned Ukrnafta, Ukraine’s largest oil producer, saw $50 million in net profits during the first half of this year, according to Interfax.

• Mriya agroholding is suing in court to return 4,600 hectares of farm land the company says was unlawfully taken. Mriya also claims that 700 pieces of agricultural machinery were taken from them.

• Agriculture developer The Agrarian Fund doubled its net profit during the first half of this year to $2.7 million, according to Interfax.

• The Kyiv subsidiary of Petroforce, a Swiss gas trading company has applied for a natural gas supply license in Ukraine. A tentative decision is expected on Thursday. To break up historical supply monopolies, Ukraine’s government has issued 276 gas supply licenses as of June 14, Interfax reports

• Underground gas storage inventories have increased by 61.3% since the end of the heating season to 13 billion cubic meters, according to Ukrtransgaz. Inventories are 24 percent higher than this time last year.

• Ukraine’s State Property Fund has started the process of leasing parts of landing surrounding Chernobyl nuclear power plant for use by a solar power plant.

• Centrenergo has partnered with American company XCOAL Energy & Resources to supply over 700,000 tons of coal to Ukraine by the end of this year. The coal will be delivered in two installments next month, Interfax reports.

• Raiffeisen Bank Aval saw an 88% rise in net profit in the first half of 2017 to $104 million, according to Interfax.

• An auction for Kyiv’s President Hotel, scheduled for July 25, was cancelled due to a lack of buyers, RBK reports.

• Ukrzaliznytsia is testing Reuter’s and Bloomberg’s information and trading terminals to allow the railroad to trade currency and shares in financial markets.


For comments or story tips, please email UBJ AM News Reporter Mark Satter at marksatter@theubj.com

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