Page 64 - UKRRptJun20

Even though Ukrainians have been cooped up for two months, spending on foreign travel will drop in half this year, to $4.5bn​, Dmitry Sologub, a deputy chairman of the National Bank of Ukraine, predicts in an interview with Liga.net. He said many Ukrainians have depleted their savings. Insecurity about the future will constrain spending. He added: “But this does not mean that people will stop consuming at all. Take at least the effect that people stayed at home for two months. Now they will have a subconscious desire to return to their former lives: go to a restaurant, go on vacation.”
9.1.9 ​Utilities sector news
The price of electricity for the population will remain unchanged in 2020​, acting Minister of Energy and Environment Protection Olha Buslavets has said. "The tariff for the population remains unchanged this year, as in the previous year, and there is no need to disturb the population. There are different statements, but we must say that the population receives electricity at a constant price," she said.
Ukraine’s consumer demand, electricity production and demand for workers increased in the second week of May​, “indicating a gradual resumption of economic activity following the easing of quarantine restrictions,” reports the National Bank of Ukraine. Released on May 23.
9.1.10 ​Renewables sector news
9.1.11 ​Metallurgy & mining sector news
Solar and wind energy now account for 8% of the nation’s electricity, but 26% of the power bill​, says Dmitry Kovalenko, a member of the National Commission for Regulation of Energy and Utilities. After growing by 11.6% last year, green generation hits 7.2 GW last week. Next month, another 1 GW of capacity is to be commissioned. Energy Minister Buslavets predicts that by the end of this year the government’s unpaid renewable power bill will hit $1bn.
Steel production fell 31% in April, to 1.4mn tons​, lowering Ukraine from 12th to 15th place in the ranking of the World Steel Association. Adding up the steel output of the world's 64 largest steel producing nations, the Association said world steel production fell in April by 13% y/y, to 137mn tons.
Ukraine decided to introduce a 51.52% anti-dumping duty on imports of seamless pipes from China​, the economy ministry said in a May 22 post on its website. The state interdepartmental commission on international trade made this decision on the same date, according to the post. The full text of the commission’s decision has not been published yet. The investigation was initiated in May 2019 on a request by Interpipe NTRP and Interpipe Niko Tube, subsidiaries of Ukraine’s largest pipe and railway wheel producer Interpipe (INTHOL). In 2019, Ukraine’s imports of Chinese pipes that are within the scope of the anti-dumping investigation amounted to 21.8 kt (33% less y/y) for $33.2mn, according to Concorde Capital's analysis of State Statistics data. In 1Q20, these imports amounted to 4.3 kt (48% less y/y) for $5.5mn. The 51.52% duty applies to the large part of these volumes, according to the economy ministry post.
64​ UKRAINE Country Report​ June 2020 ​ ​www.intellinews.com