Business news from Ukraine

SWISS RISOIL WILL RAISE GRAIN TRANSSHIPMENT CAPACITY TO 22,000 TONNES PER DAY BY OCTOBER

Risoil S.A. will increase the transshipment capacity of the grain terminal of JV Risoil Terminal LLC in Chornomorsk seaport (Odesa region) from 15,000 tonnes to 22,000 tonnes of grain per day.
According to the company, it began work on assembling the Neuero ship loader. Its productivity is 1,000 tonnes per hour.
This equipment was designed by the order of Risoil in view of environmental standards, as well as the technical characteristics of berth No. 11.
Risoil is also building a marine gallery. All the preparatory works have been finished. It is planned to complete all the stages and commission new facilities in August-September.
Risoil S.A. was established in Geneva (Switzerland) in 2000. Its core business is logistics of oil, bulk and general cargo in the ports of the Black Sea, sale and production of vegetable oils, trade in grain and oilseeds in containers, storage and processing of agro-industrial products.
Risoil Terminal in Chornomorsk seaport was commissioned in 2016.

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SEAPORTS IN UKRAINE CUT CARGO HANDLING BY 2%

Freight handling at Ukrainian seaports in January-May 2018 totaled 54.3 million tonnes, which is 2.13% less than a year ago, according to data from the Ukrainian Sea Port Authority.
According to its data, the volume of transshipment of imported cargo increased by 16% and amounted to 9.05 million tonnes.
The volume of transshipment of exported cargo decreased 7.35%, to 39.71 million tonnes. Handling of transit freights rose by 11.2%, to 4.824 million tonnes and handling of coastal freight rose by 49.3%, to 714,730 tonnes.
Transshipment of liquid freight fell by 9.78%, to 4.3 million tonnes, that for bulk freight – by 8.35%, to 36.95 million tonnes and for packaged cargo grew by 25.5%, to 13.05 million tonnes.
Container flow at Ukrainian seaports in January-May 2018 grew by 36.9%, to 325,035 TEU, and processing of containers in weight rose by 34.4%, to 4.274 million tonnes.
In general, the seaports of Ukraine processed 4,855 vessels in January-May 2018, including 1,026 in May.
The decline in cargo turnover is attributed to the reduction in grain handling by 4.9%, caused by unfavorable prices for it on the global market in this period, as well as a 15.5% decrease in ore turnover due to a decrease in ore mining by ore-dressing plants, the authority said.
“The upward pace of imports continue to be recorded for the following cargo: ore (17.8% up), transshipment of which amounted to 3 million tonnes and coal – 2.4 million tons (4.1% up), the largest increase in imports showed ferrous metals (18% up) – 6.8 million tonnes, including 4.1 million tonnes of rolled metal (4.1% up) and 1.3 million tonnes of pig iron (85.5% up),” the authority said.
During the reporting period, 3,130 ship journeys were made on the Dnipro River, which is 287 journeys, or 8.7% more than a year earlier.
A total of 316,800 tonnes of metal products were transported along the Dnipro (6.2% growth compared with the corresponding period of 2017), as well as 683,600 tonnes of grains (a decrease of 7%), 17,300 tonnes of oil products (an increase of 5.2%) and 902,000 tonnes of construction materials (an increase of 24.3%) and other goods.

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CREDIT AGRICOLE BANK DECIDES TO PAY DIVIDENDS IN UKRAINE

Credit Agricole Bank (Kyiv) has decided to pay UAH 428.025 million of dividends ($16.36 under the exchange rate of the National Bank of Ukraine (NBU) as of the date when the decision was made), including UAH 700 for privileged shares.
The bank reported in the information disclosure system of the National Commission for Securities and the Stock Market, the decision was approved at a general meeting of the bank’s shareholders held on June 7.
UAH 0.35 will be paid per ordinary and privileged share.
The list of holders of privileged shares was made on January 31, 2018 and that for ordinary shareholders the list will be approved on June 22, 2018.
Payment of dividends for privileged shares started on June 8 and for ordinary shares it will start on June 23, 2018, but no earlier than the full payment to the holders of privileged shares.
Credit Agricole Bank was founded in 1993. Credit Agricole S.A. on January 1, 2018 owned a 99.9961% stake in PJSC Credit Agricole Bank.

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CONSUMER CONFIDENCE OF UKRAINIANS IMPROVING – STUDY

The consumer confidence index of Ukrainians after a two-month positive trend in May this year improved by another 1.5 points, to 62.9 compared with the April indicator, while in annual terms it grew by 4.9 points, according to monthly research by GfK Ukraine. Ukrainians were optimistic about unemployment – the corresponding index sank by 5.3 points compared to April 2018, to 125.5, according to the study.
Positive dynamics was also shown by the index of propensity to consume: this indicator grew by 3.7 points from the previous month, to 69.8, GfK Ukraine said.
“This index received the most positive dynamics in the following groups: lower than average income, in the cities with the population of more than 100,000 people and in the group of elderly people. This result might be associated with the end of the heating season and releasing funds in these groups,” the report on the website of the group reads.
The third month in a row, Ukrainians remain optimistic about economic growth. The index of expectations of the country’s economic development over the next five years increased most of all, by 2.7 points, to 70.1, while the index of expected changes in personal financial standing showed an increase of 1.7 points, to 61.2. In general, the index of economic expectations in May rose by 1.6 points, to 64.6, although Ukrainians remain neutral as for the growth of the country’s economy in the coming year – this index rose by 0.5 points, to 62.5.
The index of current personal financial standing rose by 1.4 points, to 60.3, although Ukrainians were neutral in relation to this indicator – the figure grew by 0.8 points, to 50.9.

UKRAINE PLANS TO ENLARGE NUMBER OF VISA CENTERS ABROAD

New Ukrainian visa centers, which will provide services to foreigners in receiving visa applications to enter Ukraine, will start working in different countries of the world from June 15 to August 1 of this year, the Consular Service Department of the Ukrainian Foreign Ministry has said. “Information on the opening dates of each of the centers will be posted on the web pages of the relevant Ukrainian embassies and consular offices,” reads a statement posted on the Facebook page of the Foreign Ministry on Thursday.
As a result, the number of Ukrainian visa centers abroad should be 56: in the cities of Algiers (Algeria), Luanda (Angola), Dhaka (Bangladesh), Hanoi, Ho Chi Minh City (Vietnam), Accra (Ghana), Addis Ababa (Ethiopia), Cairo (Egypt), Harare (Zimbabwe), Bengaluru, Delhi, Calcutta, Mumbai, Chennai (India), Jakarta (Indonesia), Baghdad, Irbil (Iraq), Tehran (Iran), Amman (Jordan), Yaounde (Cameroon), Nairobi Kenya), Peking, Guangzhou, Shanghai (China), Kuwait (Kuwait), Kinshasa (DR Congo), Abidjan (Cote d’Ivoire), Beirut (Lebanon), Kuala Lumpur (Malaysia), Rabat (Morocco), Abuja (Niger Abu Dhabi, Dubai (UAE), Islamabad, Karachi, Lahore (Pakistan), Cape Town, Pretoria (South Africa), Ekaterinburg, Kazan, Kaliningrad, Moscow, Novosibirsk, Rostov-on-Don, Samara, St. Petersburg (Russia), Riyadh, Jeddah (Saudi Arabia), Dakar (Senegal), Tunis (Tunisia), Ankara, Istanbul, Izmir (Turkey), Kampala (Uganda), Manila (Philippines) and Colombo (Sri Lanka).
“Foreigners residing in the countries where the centers are located will be able to submit documents for the processing of Ukrainian visas in a convenient format and, if desired, receive a number of additional services (photocopying, translating and copying documents, medical insurance policies, courier services, SMS information, services in the halls of increased comfort, etc.). The centers are responsible for the technical support of the visa dossiers and the provision of assistance to the applicants,” the ministry said.
The Foreign Ministry’s Consular Service Department said implementation of this project was made possible through cooperation between the Ukrainian Foreign Ministry and VF Worldwide Holdings Ltd.

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UKRAINE AN IMPORTANT INVESTMENT AREA FOR EBRD, BANK ONE OF THE LARGEST INVESTORS IN UKRAINIAN ECONOMY

First Vice President of the European Bank for Reconstruction and Development (EBRD) Jurgen Rigterink believes that Ukraine is an important area of investment for the EBRD and a powerful platform for the implementation of major projects. “I’ve been EBRD first vice president for just nine weeks, and the fact that I am currently on a visit to Ukraine speaks about the importance of your country in our project portfolio. For us, Ukraine is not only an investment area, but also an important platform for cooperation in a number of projects that we are implementing jointly with other international partners,” Rigterink said at a meeting with Ukrainian Prime Minister Volodymyr Groysman in Kyiv on Thursday.
Groysman, in turn, noted that cooperation between Ukraine and the EBRD has the potential for growth.
“The bank is one of the largest investors in the Ukrainian economy, and now we are talking about strengthening cooperation and increasing its effectiveness,” he said.
Rigterink also recalled that the EBRD is now processing a five-year work plan in Ukraine, which includes, among other things, increased funding and in-depth cooperation in specific areas – primarily the work of government banks and the development of the energy sector.
According to Groysman, the Ukrainian government is interested in further cooperation with the EBRD on modernization of the gas transit system, as well as in raising funds to increase natural gas production and develop green energy.
“We are now at the point where the economy will grow and investments will increase. I feel it and I see it. This is the scenario I’m programmed to. The situation as a whole is getting stabilized, and this is a very good signal. Even despite the fact that we are entering the electoral period, the government is ready to ensure a forward movement,” he said.

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