IMC agroholding on May 20 completed the spring campaign sowing 105,200 ha with crops.
The company said in a press release that this year, 69,500 ha of corn, 23,800 ha of sunflower, 11,000 ha of soybean and 900 ha of fodder crops were sown.
“In the current year, weather conditions, especially excessive soil moisture due to significant precipitation in winter and in March, forced us to begin spring field work 10 days later than planned. At the same time, all the work, namely the fertilizing of winter crops, the introduction of mineral fertilizers for spring crops, the closing of moisture and sowing were started almost simultaneously. However, the well-coordinated work of all production departments, the use of highly efficient machinery (including those acquired in the current season), the expansion of the use of advanced technologies of precision farming, made it possible to sow spring crops for the period, 15% shorter than in the previous year,” Chief Operating Officer of IMC Oleksandr Verzhykhovsky said.
IMC focuses on cultivation of grains, oilseeds and potatoes. It is one of the largest milk producers in Ukraine. It owns a storage capacity of 554,000 tonnes of grains and oilseeds. Its land bank is 129,600 ha in Poltava, Chernihiv and Sumy regions.
Ukraine increased electricity exports 8.8% in January-April 2018 year-on-year to 2.189 billion kilowatt-hours (kWh), the Ministry of Energy and Coal Industry has told Interfax-Ukraine.
Electricity supplies from the Burshtyn thermal power plant energy island in the direction of Hungary, Slovakia and Romania for the four month grew 7.8% compared to January-April 2017, to 1.421 billion kWh.
Electricity supplies to Poland rose 30.8%, to 541.1 million kWh. Ukraine exported 227.1 million kWh to Moldova in January-April 2018, which is 18.9% less than in January-April 2017.
No electricity was exported to Belarus or Russia in January-April 2018 or January-April 2017.
In April 2018, exports of Ukrainian electricity totaled 592.9 million kWh, which is 10.4% less than in April 2017.
Ukraine imported 11.4 million kWh of electricity in January-April 2018 (of which 10.9 million kWh from Russia and 0.5 million kWh from Belarus). Energomarket contracts account for the imports as technological transfers.
Lebedyn Seed Plant agroholding (LNZ-AGRO LLC) has acquired 100% of crop planting business of Shpola-Agro Industry with all infrastructure and machinery in Cherkasy region.
According to a press release of EY, the cost of the deal was $15.9 million for 100% stake with a land bank of around 8,500 ha of leased farmland.
LNZ Group with the acquisition of 100% corporate rights in Shpola-Agro Industry expanded its land bank by 16.7%, to 70,000 ha.
Negotiations to acquire the corporate rights in Shpola-Agro Industry had lasted since November 2017. In April 2018, the Antimonopoly Committee of Ukraine permitted to acquire the stake.
The LNZ Group’s core business is the cultivation and sale of grain, oilseeds and industrial crops; provision of services for primary processing and storage of grain, breeding of dairy cattle, processing of meat and milk, wholesale trade in cereals, production and sale of seeds, planting materials of field crops and plant protection agents. The main asset is Lebedyn Seed Plant.
Shpola-Agro Industry LLC (village Syhnayivka, Shpola district, Cherkasy region) is connected by control relations with business entities that form the ByFrederic Group. The company is engaged in activities for growing wheat, corn, sunflower, growing cattle, growing and selling seeds; activity on providing services of primary processing and storage of grain.
After the concentration the relations of control between Shpola-Agro Industry and the ByFrederic group will be suspended.
Regus Group, headquartered in Luxembourg, an international provider of flexible working space, would open three office centers in Kyiv by autumn 2018, doubling the total area of offices in Ukraine, to 18,000 square meters, the company’s press service has reported.
“The first [of three office centers] – Regus Forum West Side – will be opened late May and will be the seventh center in Kyiv, offering flexible office solutions, including the format of co-working,” the company said.
According to the report, all the new Regus offices will be opened on the right bank of Kyiv.
The company said that the format of co-working is preferred by 56% of Ukrainian companies, since this format is economically more efficient.
“Demand for premises without fixed working places among corporate tenants will continue to grow. For effective work, employees no longer need a permanent workplace, but on the contrary, flexibility is the main advantage in the modern technological world. The opening of three more centers will allow us to meet the trends and requirements for the organization of the work process of both entrepreneurs and international companies,” the press service said, citing Regus Director in Ukraine Yulia Chernyshova.
According to the company, last year Regus opened 300 premises around the world, expanding the territory of its presence to 110 countries. Every day 2.5 million people use the company’s services.