Ukrenergo received a billion dollars in losses for the year

According to the results of 2020, Ukrenergo’s loss amounted to almost UAH 27.5 billion against UAH 1.86 billion profit a year earlier. This is evidenced by a report in the information disclosure system of the NSSMC.

According to him, last year the company’s net income increased 2.2 times (by UAH 31.9 billion) to UAH 58.250 billion.

Gross loss for the year amounted to almost 25 billion against 6 billion UAH of gross profit in 2019.

The company previously explained the losses by its special obligations to cover the “green” tariff before the State Enterprise Guaranteed Buyer.

Lufthansa resumes operations in Ukraine

German airline Lufthansa made its first flight to Lviv on April 30, after a one-year break. 79 passengers arrived in Lviv, which is almost 100% of the aircraft load.

It is reported that in the first month the airline will fly three times a week, and in June the number of flights will increase to six per week. Ticket prices start from 100 euros one way.

Lufthansa Group General Director for Sales in Ukraine Rene Koinzak said that the airline could increase the frequency in June to 10 flights a week. However, these additional flights are not yet reflected in the airline’s reservation system.

We are happy about this, because Frankfurt Airport is the largest hub for Lufthansa transfers. Through Frankfurt, tourists and businessmen will be able to make transfers anywhere in the world,” commented Tetyana Romanovska, General Director of Lviv Airport.

Another Lufthansa Group airline, Austrian Airlines, is currently flying to Lviv. It operates flights from Vienna.

NASA has terminated a major contract with SpaceX

NASA has suspended a contract with SpaceX to build a monthly landing module, which cost $ 2.89 billion.

It is noted that the company of Amazon founder Jeff Bezos Blue Origin and Dynetics have protested the decision to outsource the construction of the SpaceX module to the US Central Audit Office (GAO).

SpaceX must now suspend any work related to the contract until GAO considers all claims.

A year ago, NASA selected three American companies that will develop and create a lunar module for landing astronauts on the moon – SpaceX of Ilon Mask, Blue Origin of Jeff Bezos, and Dynetics.

In the spring of 2019, NASA announced that the new American lunar exploration program was named Artemis and will consist of three stages.

The first involves an unmanned flight of the Orion spacecraft around the moon and its return to Earth. It is scheduled for the second half of 2020.

The second – the flight of the Earth’s satellite with a crew on board – is scheduled for 2022. The third phase of the mission is to land astronauts on the moon in 2024.

Centerenergo has paid UAH 500 million a month to the mines

Centerenergo has paid more than 475 million hryvnias to the mines since the beginning of the month and has no debts, according to the company’s website.

As you know, Centerenergo – the only consumer of coal from state-owned mines, buys almost the entire volume of their production under direct contracts.

“However, the current purchase price of coal – UAH 1,650 / t – does not allow PJSC Centerenergo to reach the level of profitability. PJSC Centerenergo is forced to compete with private heat generation companies, which allow their own mines to produce at a competitive cost,” the statement said.

In this regard, Centerenergo proposes to create a vertically integrated company by merging Centerenergo with promising state-owned mines and attracting sufficient investment for their modernization.

It is noted that such a model will make Centerenergo attractive to potential investors in the future privatization, as well as create opportunities for miners, timely payment of wages and solving social problems of mining teams.

A working group has been formed on the basis of Centerenergo to study the possibility of creating a vertically integrated company.

Naftogaz reacted to Kobolev’s dismissal

Naftogaz announced a return to the practice of manual management of state-owned enterprises after the Cabinet’s decision to dismiss the head of the NAC Andriy Kobolev and the company’s supervisory board. The board of Naftogaz announced this on Wednesday, April 28.

The company claims that the government’s decision is a legal manipulation.

“The dismissal of the supervisory board for two days in order to make a decision on the dismissal of the chairman of the board is an insult to the basic principles of corporate governance of state-owned enterprises,” the statement said.

Naftogaz noted that, in accordance with the company’s charter and the Law on Joint Stock Companies, proposals to the general meeting to appoint or dismiss the chairman of the board together with the relevant decision of the supervisory board belong to the exclusive competence of the supervisory board and cannot be transferred to the general meeting.

“Such actions of the Cabinet of Ministers are a signal to all state-owned enterprises: work in the interests of the budget and the people of Ukraine, and not in the interests of individual political forces, will be punished. In addition, this is a clear signal to investors in securities of Ukrainian issuers: the working conditions of state-owned enterprises in Ukraine are unpredictable and may change depending on political expediency, “the NAC said.

Converse sells shoes on the garbage island

The Converse brand has opened a virtual store on a garbage island in the Pacific Ocean, which consists of 80,000 tons of plastic and is larger than the area of ​​France. The offers of this outlet can be found on the store’s website.

It is reported that the Renew Labs space was developed by Virtue.

The store presents sneakers that meet the ideas of sustainable development. They can be purchased on the Choose Your Own Donation system – for a donation. Proceeds from Converse sales will be used to dispose of ocean debris. The range will be updated until World Oceans Day, which is celebrated on June 8.

“We want to make cult sneakers the most environmentally friendly, but we understand that we can’t do it on our own,” said Converse Marketing Director Miguel Carrillo.

Ukrgazvydobuvannya reduced profits by almost four times

In 2020, the state gas company Ukrgazvydobuvannya reduced its net profit by 3.8 times, or 14.1 billion hryvnias to 4.95 billion hryvnias compared to 2019, according to the company’s website.

“Although last year due to the situation on the gas market, economic crisis and pandemic, our capital investments decreased almost one and a half times – to 16.6 billion UAH, we were able to meet the targets for gas production, almost keeping them at the level of the previous year,” – stated the General Director of Ukrgazvydobuvannya Olena Kobets.

Ukrgazvydobuvannya ended last year in a pandemic and economic downturn with a net profit of 4.95 billion hryvnias, operating profit amounted to 7.3 billion hryvnias.

The company added that this year will continue to invest in stabilizing gas production in the “old” fields, which are already depleted by 70-80%. At the same time, Ukrgazvydobuvannya will simultaneously study and develop new gas fields.

We will add that NJSC Naftogaz of Ukraine owns all shares of Ukrgazvydobuvannya.

Zaporizhzhya TPP stopped for the third time since the beginning of the year

On Wednesday, April 28, the only currently operating third power unit stopped at the Zaporizhzhya TPP, DTEK’s press service reports.

The shutdown occurred at 11:01 due to the operation of the turbine valve protection.

“The reasons for the operation are being clarified. The power unit was disconnected without interruptions in the power supply of its own needs. There are no consumers disconnected,” the statement reads.

In this regard, the TPP began to connect the power unit №4.

It was also decided to withdraw one power unit from Kryvyi Rih and Prydniprovska TPPs from the reserve.

 

Ukraine places 8-year Eurobonds worth $ 1.25 billion

Ukraine places eight-year Eurobonds for 1.25 billion dollars at 6.875%. The demand is more than $ 3.3 billion. This was reported by Interfax-Ukraine, citing its own source.

Initially, the benchmark profitability of the issue was 7-7.25%. Demand for Ukraine’s debt at the final rate exceeded $ 3.3 billion.

According to the publication, Deutsche Bank, BNP Paribas, Goldman Sachs International and JP Morgan organized the deal.

UIA changed its profit to a loss in the year of the corona crisis

UIA, the largest airline, suffered UAH 4.5 billion in losses last year, compared to UAH 1.6 billion in profit a year earlier. It is said in a statement.

It is noted that in 2020, UIA’s assets decreased from UAH 14.9 billion to UAH 9.2 billion, total receivables increased to UAH 1.619 billion from UAH 969 million in 2019.

At the same time, the airline’s long-term liabilities decreased by 28.3% (to UAH 7.4 billion), current – increased by 15.3% (to UAH 13.2 billion).

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