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average TTF price that year could drop to about $3, we estimate,” the report said. TTF, or Title Transfer Facility, refers to a benchmark price for gas in Europe based on a virtual trading exchange in the Netherlands.
9.1.2 Automotive sector news
Chinese cars bucked a trend, recording 20% more sales in Ukraine during the first half of the year. Overall, new car sales were down 4% during the first half, compared to January-June last year. Chinese cars accounted for only 3.6% of the 37,100 new cars sold during the first half of this year, reports Ukravtoprom, the industry trade association.
New car imports are down 36% y/y in July, reports Ukrinform citing Ukravtoprom. The average value of an imported new car is $19,300. Japanese vehicles are the most popular.
Used car imports continue to flood into Ukraine. In July, 34,300 used imports were registered for the first time, 17% more than in June, and 43% more than in July 2019. So far this year, 173,600 used cars have been registered in Ukraine four times the number of new car imports, reports Ukravtoprom, the car industry association.
9.1.3 Transport sector news
Passenger transport was down 56.2% y/y in July, reports the State Statistics Service. Rail was down 58.2%. Motor transport was down by 44.3%.
● Planes
Flights in Ukrainian airspace nearly tripled in July, hitting 12,195,
59 UKRAINE Country Report September 2020 www.intellinews.com
