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UJ Week
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     Business    

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Ukraine to supply 10 rocket engines to Italian Avio SpA for EUR 6-mln

KYIV, April 30 – Pivdenne (Yuzhnoye) Design Bureau, Makarov Pivdenny (Yuzhny) Machine-Building Plant (Pivdenmash, Dnipro) and Italian Avio SpA have reached an agreement on additional supplies of 10 Ukrainian-made propulsion engine blocks for the Vega launch vehicle (LV) for a total amount of almost EUR 6 million, according to the press service of the Ministry of Foreign Affairs of Ukraine.


Norway’s Snohetta architects win competition to design Roshen Concert Hall

KYIV, May 5 – Snohetta, a prominent Norwegian architecture firm, has won the international competition for the best project of the Roshen Concert Hall, project manager Yevhen Poltavtsev said.


Kobolev says $2-bln accumulated by Naftogaz is real reason for reshuffle

KYIV, May 5 – Former head of the board of Naftogaz Ukrainy Andriy Kobolev denies accusations of allegedly creating a "hole" in the 2021 state budget of UAH 10 billion, considers the accumulated $2 billion of free funds as the real reason for his dismissal, although the company informed the president and the government about the plans to transfer UAH 32 billion in addition to taxes to the state this year.


Ukraine issues $1.25-bln 2029 eurobond that yields 6.875%, ministry says

KYIV, May 5 – On 30 April 2021, Ukraine announced the successful issuance of its new $1.25 billion eurobond due 2029 placed with a yield of 6.875%.

"The proceeds were transferred to the account of the State Treasury of Ukraine and will be used for general budgetary purposes," the ministry said.


Ukraine’s natural gas transit drops 47.1% on year in Jan-April

KYIV, May 4 – Transit of natural gas through the gas transmission system (GTS) of Ukraine in January-April 2020 decreased by 47.1% (by 13.8 billion cubic meters) compared to the same period in 2019, to 15.5 billion cubic meters.


Ukraine testing natural gas supplies via pipeline from Slovakia to Poland

KYIV, May 4 – Ukraine has tested gas supplies from Slovakia to Poland via its gas transmission system (GTS) and also from its underground gas storage (UGS) facilities to Poland, Head of Gas Transmission System Operator of Ukraine (GTSOU) Serhiy Makogon has written on his Facebook page.


Seasonal workers to send 20% less hard cash to Ukraine in 2020: NBU

KYIV, May 4 – The volume of remittances of labor migrants to Ukraine in 2020 will decrease by 20%, or by $2.5 billion, to $10 billion, subject to most of the restrictions being removed before the end of the second quarter, the National Bank of Ukraine (NBU) predicts in an updated inflation report.


Ukraine’s Business Outlook Index drops 15.9 points to 29.9 in April: NBU

KYIV, May 4 – The Business Activity Outlook Index (BAOI) calculated by the National Bank of Ukraine (NBU) fell by 15.9 percentage points in April, to 29.9 points, which is lower than the neutral BAOI reading of about 50 and which signals about prevalence of pessimistic expectations of business.


Low-cost airline Wizz Air to open $100-mln base at Lviv airport July 1

KYIV, May 5 – Wizz Air, the Hungarian low cost airline, invested more than $100 million in a new base at Lviv International Airport, which it is planning to open on July 1, 2020, Wizz Air Chief Commercial Officer George Michalopoulos said.


EBRD, Ukrnergo to build 200-MW power storage battery in Ukraine

KYIV, May 5 – The European Bank for Reconstruction and Development (EBRD), together with Ukrenergo, is developing a project of building a 200 MW power storage system to regulate frequency in the grid, Olga Yeriomina, the EBRD senior banker for power and energy projects, said.


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Currencies (in hryvnias)
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USD 41.54 41.57
RUR 0.489 0.497
EUR 45.00 45.32

Stock Market
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PFTS 507.0 507.0
source: PFTS

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