You're reading: Business Update: April 21

18,700 jobless as DTEK suspends operations at 10 coal mines
Lower demand, compounded by the COVID-19 pandemic, forced the move, reports Coal Age.

Record grain exports expected
Ukraine’s economy ministry forecast that Ukraine could export a record 52 million to 55 million tons of grain this season.

Ukraine sugar exports hit monthly high
Ukraine’s sugar exports amounted to 19,612 tons in March 2020, the highest monthly amount so far in the 2019/20 season but still down from 30,165 tons in the same month last year, according to customs data.

Regal Petroleum happy with oil, gas production in Ukraine
Sergii Glazunov, chief executive officer, said: “We are pleased with our continued progress with the development of our fields, where we are seeing strong production, albeit in a lower gas price environment.” See details here.

Ukraine could ease Europe’s gas storage woes
Ukraine may hold the key to Europe’s gas storage crunch, with a potential 9-billion-cubic-meter (bcm) unused capacity, Wood Mackenzie has estimated.

Vodafone Ukraine expands 4G network
The mobile operator said its 4G network covers 71 percent of the population.