Business news from Ukraine

UKRAINIAN-GERMAN JOINT COMPANY OPENS ASPHALT PLANT IN UKRAINE

The Ukrainian-German joint enterprise Autostrada (Lviv) has commissioned a mobile asphalt plant in the village of Chervone (Vinnytsia region).
According to the press service of the company, the maximum production capacity of the plant is 160 tonnes of asphalt concrete per hour, the production is fully automated. The plant was launched to produce asphalt for the construction of the M-12 highway on the Vinnytsia-Uman section, which is part of the international transport corridor Go Highway, which will connect the ports of Mykolaiv and Odesa with Poland’s Gdansk.
“In fact, we are building a new road: it will be expanded to three lanes. The new asphalt plant, due to the location, will reduce logistics costs for the delivery of asphalt mixture and, accordingly, the cost of work,” the company noted.
JV Autostrada was registered in Lviv in 2015. Its core business is the construction of roads and highways.
According to the state register of legal entities and individual entrepreneurs, Volodymyr Voloschuk (Odesa) is the owner of the company.
The charter capital of the company is UAH 115 million.

LITHUANIAN ENTERPRISE BUYS COMPANY IN UKRAINE

Avia Solutions Group (ASG), which unites a group of Lithuanian aviation companies and is indirectly controlled by entrepreneur Gediminas Ziemelis, has bought 100% in the Ukrainian company Dniprotranslogistics LLC, which provides transportation services. According to a report by ASG on the Warsaw Stock Exchange, the direct buyer was BAA Simulators UAB, the final purchase price will be reported next week, but it is likely that it will not exceed $4 million.
According to him, the business of the acquired enterprise will be developed by another subsidiary company of ASG – Baltic Ground Service UA LLC (Kyiv), engaged in refueling aircraft, in which ASG owns 50% and control over the activities.
According to the state register, BAA Simulators already owns 100% of Dniprotranslogistics, whereas previously it belonged to co-owners of Dnipro Agro Group Vasyl Astion, Yevhen Astion and Mykhailo Koshliak. The company has been recently re-registered from Dnipro to Kyiv.
Dniprotranslogistics for a while managed a large fleet of Interleaseinvest, purchased for EBRD funds, but then this activity was terminated.
Avia Solutions Group owns more than 30 companies all over the world. Approximately 3,000 specialists work in Lithuania and representative offices in the United States, Britain, Poland, Serbia, Estonia, Russia, Thailand and Indonesia, as well as in other divisions in Europe and Asia.

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UKRENERGO POSTPONES PLANNED REPAIR OF 220 KV LUHANSK TPP-LYSYCHANSK POWER GRID

Ukrenergo has canceled the planned repairs of the 220 kV Luhansk TPP-Lysychansk power grid scheduled for June 15-19, the company’s press service has reported.
According to its data, in the current situation the Luhansk energy center’s power balance is ensured by the operation of only one unit at Luhansk thermal power plant (TPP).
“The work with such a minimum composition of equipment is unstable and it is very difficult to properly provide for overflows with 110 kV lines that connect Luhansk region with the rest of Ukraine,” the company noted.
In this regard, Ukrenergo is considering the possibility of carrying out scheduled repairs at the Luhansk TPP-Lysychansk transmission line to prepare for the autumn-winter season during a period when the balance sheet conditions will allow the station to operate with at least two blocks. The approximate date of repairs is October 2018.

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ASSETS OF UKRAINAIN INSURERS IN STOCK MARKET INSTRUMENTS 18.8% DOWN IN 2018

The assets of insurance companies placed in the instruments of the stock market in January-March 2018 amounted to UAH 11.326 billion, which is UAH 2.625 billion, or 18.8% less than in the same period in 2017, member of the National Commission for State Regulation of Financial Services Markets Oleksandr Zaletov has told Interfax-Ukraine. According to him, due to regulatory requirements and stagnation of the national stock market, the volume of shares and corporate bonds in the structure of insurance companies’ assets is steadily declining. In the first quarter of 2018, investments in shares decreased by 23.7% compared to the same period in 2017, or by UAH 1.746 billion, in corporate bonds by 13.7%, or by UAH 126.5 million.
At the same time, Zaletov notes the growth of investing of insurers’ funds in government domestic loan bonds continues – by 15.5%, or by UAH 859.9 million. At the same time, income from investments in government domestic loan bonds for the period increased by 29%.
“The stability of the hryvnia and higher interest rates contributed to the growth of insurers’ national currency investments both in deposits and current accounts. But this did not save from the decline in the yield of this category of assets by 6.8%. In addition, investment in the economy of the country in the areas defined by the government rose by 54.8%, or UAH 150.5 million,” the expert said.

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CHORNOMORSK SEAPORT SEES 33% RISE IN CARGO HANDLING IN 2018

The Chornomorsk maritime merchandise port (Odesa region) in January-May 2018 increased cargo handling by 32.51% year-over-year, to 8.735 million tonnes.
According to data from the Ukrainian Sea Port Authority, over the period the port boosted transshipment of export cargo by 15.65%, to 6.42 million tonnes, while handling of imported cargo grew 2.45-fold, to 1.867 million tonnes. Transit cargo transshipment rose by 59.3%, to 442,930 tonnes. The port handled 5,860 tonnes of intercoastal cargo.
Transshipment of bulk cargo fell by 20.26%, to 628,950 tonnes, packaged cargo transshipment soared by 97.59%, to 2.21 million tonnes and dry cargo – grew by 25.86%, to 5.897 million tonnes.
Chornomorsk port is a universal international port, one of the largest on the Black Sea. The enterprise has specialized terminals and systems, which allow overloading a wide range of goods: liquid, bulk, general. Its 29 berths are capable of receiving ships with a carrying capacity of up to 100,000 tonnes. The annual designed capacity of the port is more than 30 million tonnes.
The port’s capacity of container handling is 1.15 million TEU. Since 2007 the port has been capable of providing the simultaneous accepting of three ocean-going container ships with a capacity of more than 5,000 TEU and a length of up to 300 meters.

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