January 26th, 2010

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Ukraine in 2009 has reduced the export of electricity by 49%

Tuesday, January 26th, 2010

Ukraine in 2009 reduced the export of electricity to 49.2% (3 billion 867.9 million kWh) compared to 2008 year - up to 4 billion 0.3 million kWh, said the Ministry of Fuel and Energy .

The double drop in deliveries was due mainly, the loss of one of the major foreign markets - Moldova. The authorities of the republic in late 2008 decided to replace the Ukrainian energy in the internal market of electricity produced by the Moldovan Power Station (PMR), the ministry explained.

Moldova, which in 2008 accounted for more than a third of all exports, last year imported 6.9 million kilowatt-hours (for the same period last year, 2.988 billion kWh).

world crisis and the subsequent recession, accompanied by the collapse of prices and lower demand for energy, led to a reduction in the supply of Ukrainian electricity to Europe.

Exports of electricity from the island Burshtynsk TPP towards Hungary, Slovakia and Romania in 2009 declined by one third (1 billion 522.6 million kWh) compared to 2008 year - up to 2.579 billion kWh.

Poland in the last year has reduced the import of Ukrainian electricity to 3.9 times - up to 201.5 million kWh. Deliveries in January-August 2009, almost non-existent, as the Ukrainian electricity because of high prices were uncompetitive in the market of Poland. Click to continue »

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Today, the market demand for Russia to continue in some second-tier stocks

Tuesday, January 26th, 2010

Trades in the U.S. were closed at the end of the week gone lower indices on the background of weak consumer confidence index data University of Michigan. Leading U.S. S P500 index up to January 15 lost 1.08%. Today, U.S. stock exchanges are closed in observance of Martin Luther King Day. European Exchanges before also losing 1 to 1,5% of capitalization.

Markets in the Asian region demonstrate predominantly lower. The leading region in the Tokyo Stock Exchange decreased by index Nikkei225 at 1.16% despite the encouraging statement of the head of the central bank of Japan, Mr. Shirakawa that the stimulatory monetary policy in the country will continue to overcome deflation and stabilize the economy. Shirakawa also said today that the central bank intends to maintain very favorable for the economic rehabilitation of the financial environment. Looks better today, the Chinese stock market, which was released to the closure of its session in the light plus the Shanghai Composite index by 0,4%.

Oil prices continue at least marginally, but the decline, which will now pressure on the shares of Lukoil and Rosneft. A barrel of Brent North Sea oil mixture dropped today for another 0,6% to a level of 76.65 dollars per barrel. In the metals market modest growth in the leading contract within one percent, would support this action GMKNorilsky nickel.

In the currency market the euro is tangible losses, leading the euro /dollar is traded on the value of 1,438. At the local market, the ruble has also been declining: for one U.S. dollar yield 29.48 and 42.56 rubles per euro.

situation is negative, but today the absence of important statistics and weekend in the United States expressed dynamics do not expect. Forward to continuing demand in selected second-tier stocks. MICEX is the immediate aim of the correction at the level of support on the value of 1430 points, the immediate goal of growth is still at the level of 1500 points. Russia Market on Thursday and Friday of the week gone stubbornly ignored the negative external background, for what may recoup correction tomorrow or the day after in the levels of support. Better the market will look like non-oil company shares.

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