Page 80 - UKRRptAug22

also announced they were blocking Google.
Nova Poshta plans to start operations in Poland. Ukraine postal service Nova Poshta intends to open branches in European countries to operate in their domestic markets. At the initial stage, it will be centered on Ukraine’s neighboring countries - Poland, Slovakia, and Romania. Poland will be the first, Nova Poshta director Olena Plakhova said in an interview with LIGA.net. Nova Poshta plans to start work there by the end of this year. "We are a company that always follows the client. We see that five million people have gone abroad. So, indeed, we plan to enter the European market," Plakhova noted. Based on the results of the first stage, the company will plan the second stage and expansion to other countries.
Regulator revokes oligarch Akhmetov’s media empire broadcasting licenses. The National Council of Television and Radio Broadcasting of Ukraine revoked the licenses of eight TV channels and two TV providers of the Media Group Ukraine, owned by the country's richest man Rinat Akhmetov. These include Ukraina and Ukraina 24 channels, which were among the most-watched channels in Ukraine before Russia's full-scale invasion. Akhmetov earlier announced he decided to give up the licenses. By doing so, he seeks to avoid being officially classified as an oligarch in Ukraine. According to law, one of the criteria to be labeled as an oligarch is having considerable influence over media.
9.2.9 Utilities corporate news
Due to the war, the largest energy holding, DTEK, has lost 70% of its value. According to Forbes, before the war, DTEK Energy generated more than 40% of the group's revenue, mined 90% of the coal in Ukraine, controlled about 70% of heat generation, and occupied a third of the electricity market. Due to the war, DTEK Energy sales fell by 20%, electricity production by 30%, and its share in the electricity market dropped to 20%. The main problem was a 30-40% drop in demand for electricity. In addition, the company lost control over the Luhansk TPP occupied by Russians and stopped operations at the Zaporizhzhya TPP. At the same time, DTEK is trying to maintain coal production at last year's level and plans to take control of the Lvivcoal state mines. DTEK also wants to maintain gas production at last year's level. The company also controls 1 GW of the more than 9 GW of green energy capacity in Ukraine. More than half of DTEK's stations are wind-powered turbines located in the occupied territories that currently are not producing energy. However, their solar power plants are still producing electricity. Due to the closure of wind power plants, the production of green energy fell by 70%.
9.2.12 Other sector corporate news
The largest chemical plant will not be able to resume its work. Azot, the largest chemical enterprise in Ukraine located in Severodonetsk, the Luhansk region, cannot continue production, despite the false statements from the Russian occupiers who temporarily hold control of the area. An attempt to start production in violation of basic safety rules can lead to casualties and potential disaster for the entire region. Furthermore, large-scale destruction at the plant is incompatible with its safe operation, stated Group DF, Azot’s parent company, on Thursday. Group DF said that the Ostchem holding, which unites Group DF's nitrogen chemistry enterprises, has currently
80 UKRAINE Country Report XXXX 2018 www.intellinews.com