Business news from Ukraine

Business news from Ukraine

CORTEVA AGRISCIENCE INCREASES PRODUCTION OF CORN SEEDS IN UKRAINE IN 2021

The international research company Corteva Agriscience in 2021 doubled production of corn seeds in Ukraine compared to 2020, while 10% of the produced volumes will be exported, the company said in a press release.
The company did not indicate the actual volume of seeds produced, but clarified that in 2021 it doubled the sown area for corn seeds in Poltava region – up to 8,000 hectares.
“We plan to increase the share of production in Ukraine, in particular, taking into account the possibility of further export of corn seeds to the EU countries,” head of seed production in Eastern Europe Andriy Andriushko said.
In addition, it is planned to export 10% of the corn seeds produced at the Corteva Agriscience seed plant in the village of Stasy (Poltava region) to the EU countries, Transcaucasia, Kazakhstan, Uzbekistan and Belarus.
Corteva Agriscience is a global agricultural company. It provides farmers with solutions to maximize yields and profitability. It has over 150 research facilities and over 65 active ingredients in its portfolio.
Corteva Agriscience in Ukraine includes the company’s central office in Kyiv, a research center in the village of Liubartsy (Kyiv region) and a seed production complex, opened in 2013. Investments in the plant for five years amounted to more than $56 million.

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WIZZ AIR CANCELS 20 FLIGHTS FROM UKRAINE

Hungarian low-cost airline Wizz Air has canceled 20 destinations from Ukraine in the winter schedule due to existing demand for them.
“Some flights to/from Ukraine have been canceled due to existing demand, the company’s capacity will be directed to other routes of the network,” the company told Interfax-Ukraine on Wednesday.
Wizz Air also added that passengers whose reservations have undergone changes will receive a notification with options for a full refund of the ticket price or receiving a 120% refund of the original fare credited as WIZZ credit.
Earlier, the media reported that Wizz Air canceled some flights from all cities of Ukraine, where it operates flights – Kyiv, Lviv, Odesa, Kharkiv and Zaporizhia.
From Kyiv, from mid-January to March, Wizz Air will stop operating flights to Thessaloniki (from January 10 to March 9), Venice (from January 9 to March 11), Naples (from January 11 to March 27), Nuremberg (from January 9 to March 11) and Katowice (from 10 January to March 10). Flights from Lviv canceled to Milan (from January 14 to March 5), Naples (from January 10 to March 5), Rome (from January 10 to March 8), Vilnius (from January 10 to March 8), Memmingen (from January 10 to February 26), Bratislava (from January 11 to March 27) and Budapest (from January 17 to March 12). From Kharkiv – Rome (from January 13 to March 12), Vienna (from January 10 to March 8), and Dortmund (from January 4 to February 24). From Odesa – Abu Dhabi (from January 10 to February 9), and Budapest (from January 9 to March 26). From Zaporizhia – Wroclaw (from January 14 to March 27), Katowice (from January 15 to March 6), and Budapest (from January 11 to March 27).

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UK TO ALLOCATE GBP 1 BLN IN SUPPORT FOR UKRAINE

The UK will allocate an additional GBP 1 billion in support for Ukraine, which will go towards investment, trade and security, Ukrainian President Volodymyr Zelensky has said.
“Great news from London: UK will allocate an additional GBP 1 billion in support for Ukraine. That means new investments, trade, security. As a result of my negotiations with British Foreign Secretary Boris Johnson last year, the total volume of British support increases to GBP 3.5 billion,”- Zelenskiy said on Twitter on Wednesday.

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WINTER FAIRY TALE IN THE «KYIVAN RUS PARK»

In the unique place – the live medieval city of Ancient Kyiv in the Principality of Kyivan Rus, situated in the Kyiv region, an incredibly bright and colorful «Winter fairy tale» New Year program for children and adults will take place from December, 18 till January, 19. Theatrical performances, the New Year`s residence, horse shows and riding on a horseback and in carriages, tasty hot dishes in the tavern, flights on the rope descent, fortune-telling from the soothsayer-healer, interesting souvenirs, coin minting and the possibility of an unforgettable weekend with accommodation will be waiting for the guests.
From December, 18 till January, 9 on weekends and festive days there will work the New Year`s Residence, where every small and adult visitor will have the possibility to write a letter to the gray-bearded magician and leave it in the magic wish box.
During the «Winter fairy tale» on weekends and festive days the guests will see the festive performance with plunging into ancient traditions, rites and fairy tales. Only in Kyivan Rus it will be possible to see the unique author`s performance – the theatrical horse interactive of the fight between the overseas and the Slavic characters. The theatrical «gate storming», spells, different games and amusements will be waiting for the guests. Every willing one will get a chance to join the master-class on carol singing and also see the performance based on the story of N. Gogol – «Evenings on a Farm near Dikanka». And also – both children and adults will be invited to take part in fiery battles, round dances and flash mobs.
Ob Christmas, December, 25 and from January, 7 the fairy tale inhabitants of Ancient Kyiv will play the real nativity scene: Virgin Mary with the holy baby, shepherds, magi, and, of course – the struggle of good and evil and the victory of good in the finale.
A grandiose celebration of the New Year`s night will be waiting for the guests on December, 31 from 21:00! Ancient Kyiv has prepared a bright festive entertaining program with music and dances, the performances of the horse theatre and various amusements, tasty hot dishes, drinks and tinctures, gifts, treats and fireworks. You have never had such a celebration in your life!
During the whole New Year celebration cycle on weekends and festive days it will be possible to enjoy tasty meals, prepared on open fire, in garden houses and in the warm tavern.
In Ancient Kyiv every visitor will feel himself as the real citizen of the medieval city. Here you can put on historical costumes of Kyivan Rus times, learn to accurately shoot a bow, toss knives and mint coins according to ancient technology. When visiting the soothsayer the visitors will taste herbal teas according to forgotten recipes and will touch the ancient secret knowledge. And in the medieval shop and on the fair of masters – they will choose original handmade souvenirs for memory.
The lovers of extreme will be pleased with the «Zmiy Gorynych» speed slide and the «Politaylo» rope descent with tracks of different difficulties.
Those willing to continue their rest can stay for the night in comfortable rooms (by previous booking).
Ticket price (the price on the New Year`s night differs):
– For adults 200-250 Uah (depending on the date of visiting),
– For pensioners and students 150 Uah,
– For schoolchildren 100 Uah,
– For preschool children – for free.
Address: Kyiv region, Obukhiv district, village Kopachiv. You can get by your own car or by public transport. Check the schedule of route taxis on the «Obukhivtrans» website or on the «Kyivan Rus Park» website in the «Contacts» section.
Phone: +38 050 385 20 35, +38 044 461 99 37
Details on the website: https://parkkyivrus.com/
FaceBook: https://www.facebook.com/parkkyivrus
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

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UKRAINE INCREASES PRODUCTION OF PIPES

Ukraine’s leading pipe enterprises in January-November of this year increased production of pipes from ferrous metals, according to recent data, by 15.7% year-over-year, to 906,200 tonnes, including 87,100 tonnes produced in November. A source in the industry told Interfax-Ukraine, in particular, the enterprises of the Ukrtruboprom association have increased pipe production by 31.4% over this period, to 649,000 tonnes. Including in November, output amounted to 69,700 tonnes.
In a statement released on Wednesday, Ukrtruboprom welcomed a decision of the Ukrainian authorities to raise the export duty on scrap metal from EUR 58 to EUR 180 per tonne.
“Ukrainian pipe manufacturers expected this measure to restrict the export of strategic raw materials six months ago. It was from the end of spring that the export of ferrous scrap became uncontrolled, which caused a shortage of raw materials and even the import of round billets,” Ukrtruboprom Director General Heorhiy Polsky said, who signed the statement.
At the same time, he noted the timeliness of the duty hike: “It is important that the decision necessary for the Ukrainian pipe industry was made at the beginning of the winter season, when the volume of scrap procurement, the main raw material for production of seamless pipe products, is traditionally reduced.”
According to him, the new export duty will help stabilize the situation with scrap in the domestic market: pipe industry enterprises will be provided with raw materials, and people – with jobs and wages. After all, the export of highly processed products brings to the Ukrainian budget 4 times more taxes than the export of unprocessed raw materials abroad, Polsky summed up.

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EXPERTS CLUB PRESENTS ANALYSIS OF CURRENT MACROECONOMIC INDICATORS OF UKRAINE – VIDEO

Within the framework of the YouTube project Experts Club, the Macroeconomic Review column has been launched on a monthly basis. In the December issue, the founder of the project, Ph.D. in Economics Maksim Urakin analyzed the main macroeconomic indicators of Ukraine; the video contains diagrams and illustrations dedicated to the current statistics of Ukraine.
Thus, according to the State Statistics Service, the population of Ukraine for incomplete 2021 decreased by more than a quarter of a million people.
In foreign trade, China confidently ranks first among the trading partners of Ukraine, while India was in the first position among the countries in terms of trade surplus.
In addition, up-to-date data were studied, statistics from the state employment center were presented and the ratio of unemployed to vacancies was derived. The industries with the highest unemployment rates as of November 1, 2021, as well as the indicators of the average monthly wage in the regions were analyzed.
Also, the analytical video presents the TOP-20 countries of Ukraine’s trading partners in terms of foreign trade turnover in January-September 2021.
To see a full video on the Experts Club YouTube channel, follow the link:

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