Business news from Ukraine

VOLUME OF INDUSTRIAL PRODUCTS SOLD IN UKRAINE 18% UP IN JAN-MAY

The volume of sold industrial products (goods, services) in January-May 2018 stood at UAH 1.015 trillion, which is 18.1% more than in January-May 2017, in particular the volume sold abroad was worth UAH 284.354 billion, the State Statistics Service has reported.
According to the agency, in May 2018 compared to May 2017 the index of turnover of sold production grew by 20.8%, and by 6.1% compared with April 2018. Sales in extractive industry in May 2018 compared with May 2017 grew by 18.2% (0.2% compared with April 2018) and in processing industry – by 21.4% (7.3%).
In the total volume of sales, the largest share accounted for processing industry (63.4%), the supply of electricity, gas, steam and air conditioning (21.3%), metallurgical production (18.9%), production of cast iron, steel and ferroalloys (14.5%), mining and quarrying (14.3%) and
As reported, in 2017 industrial products (goods, services) worth UAH 2.153 trillion were sold, which is 21.9% more than in 2016.

GLOBAL OPERATOR OF PORT SERVICES P & O MARITIME ENTERS CHORNOMOTSK SEAPORT

P & O Maritime Ukraine, a subsidiary of the global operator of port services P & O Maritime, providing tugboat services at the Yuzhny port since early 2018, has started providing these services in the Chornomorsk seaport (both based in Odesa region).
“Thus, now the company is present in two largest seaports of Ukraine – Yuzhny and Chornomorsk,” P & O Maritime Ukraine said on Wednesday.
According to the report, the company sent three tugboats to the Chornomorsk seaport, and their crews also consist of employees of the Chornomorsk port fleet.
P & O Maritime Ukraine Director General Mykhailo Sokolov said that the arrival of the company to the Chornomorsk port would help to increase the quality of services in the port.
As reported, in January 2018, P&O Maritime, a fully owned subsidiary of DP World Group, received control over LB Shipping company and started providing tugboat services at the Yuzhny port. The co-investor of the deal was SD Capital investment company belonged to Andriy Stavnitser and Filip Hrushko.

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