Ferrexpo Plc (the U.K.), managing Poltava Mining and Yeristovo Mining in Ukraine, has started cooperation with specialists Ricardo Plc (the U.K.), as part of decarbonization plans by 2050. “The Group undertakes a commitment to achieve net zero carbon emissions from its operations by the year 2050,” the company said in a press release on Monday. In addition, the group undertakes an initial commitment to achieve a minimum of a 30% reduction in combined Scope 1 and 2 emissions by 2030.
According to the press release, Ricardo to also help enhance the group’s existing climate change scenario reporting and review the role of Ferrexpo’s iron ore pellets within the circular economy. Results of Ricardo’s analysis expected to enhance the group’s carbon reduction targets and to further develop climate change reporting in 2022.
Jim North, Interim Group Chief Executive Officer, said that whilst iron ore pellets offer our customers the opportunity to significantly reduce carbon emissions already, it is important to signal a clear intention to decarbonise our own operations.
“It is on this basis that we have adopted the targets announced today, to demonstrate both our focus on climate change and our understanding of the importance of decarbonisation,” North said.
He said that Ferrexpo jointly with Ricardo intends to be a workstream that develops science-based reduction targets and a timeline for the stages of decarbonisation in each aspect of the Ferrexpo business.
“In the 18 months to June 2021, the group has already recorded a carbon reduction in excess of 20%2, which is a demonstration of our commitment to the environment,” North said.
Tim Curtis, Energy & Environment Managing Director at Ricardo Plc, said that Ricardo’s experts have been helping organisations around the world to develop robust and science-based pathways to achieving net zero carbon emissions and they will support Ferrexpo with the development of its decarbonisation targets and providing objective expertise to help realise this ambition.
Ricardo Plc is a world-class environmental, engineering and strategic consulting company.
Ferrexpo is an iron ore company with assets in Ukraine.
Kadorr Group (Odesa) intends to acquire a 100% stake in First Kyiv Machine-Building Plant JSC (formerly the Bilshovyk plant).
According to the company’s report in the information disclosure system of the National Securities and Stock Market Commission dated October 8, Kadorr Invest LLC intends to acquire 44.58 ordinary registered shares constituting 100% of the charter capital of the plant.
The company and its affiliates do not own the shares of the plant at the time of notification.
According to the Unified public Register of Legal Entities and sole proprietors, Adnan Kivan (50%) and Olha Pavlova (50%) are the founders and ultimate beneficiaries of Kadorr Invest LLC with a charter capital of UAH 1 million.
According to the data on the official website, the portfolio of Kadorr Group has more than 2 million square meters of residential real estate put into operation, including more than 50 residential complexes, 90 cottages. The assets of the group also include 7 business centers, 5 shopping malls and commercial space with a total value of more than $800 million. The owner of the group, Adnan Kivan, is in the top five rentiers of Ukraine with the highest income from real estate lease according to Forbes Ukraine with an indicator of $45 million at the end of 2020.
Declared rental rates in Kyiv decreased for premises in business centers of all classes by 7-8%.
As the press service of CBRE Ukraine told Interfax-Ukraine with reference to the carried out research, the declared rental rates vary in class A objects in the range of $23-28/square meter/month, and in B class objects – $13-23/square meter/month.
The effective rental rate for prime properties since the beginning of the year has remained stable at $25/square meter/month, as the demand for new high-quality rental space remained high.
According to CBRE Ukraine, the average vacancy rate in the office market has slightly increased since the beginning of the year to 14.4% (up by 0.4 p.p.). The vacancy is expected to be relatively well-distributed in the office real estate market. This is a good sign that rental rates will generally not change over the medium term.
The Common Aviation Area (CAA) agreement will be signed at the Ukraine-EU summit in Kyiv on Tuesday, October 12, a senior EU official has said.
He said at a briefing in Monday that three agreements will be signed at the summit. The first is the CAA agreement, which, in simple words, will improve communication between the two parties, and create conditions for new commercial opportunities for the airlines of Ukraine and the EU member states, he said.
According to him, the agreement will open Ukraine to some low-cost airlines, which will increase the number of travelers and will significantly contribute to the growth of the Ukrainian economy in the field of tourism.
Also, two more agreements will be signed: on the association of Ukraine with Horizon Europe, the European Framework Programme for research and innovation and with the Creative Europe programme.
The EU official said that the summit will provide an opportunity to discuss the results achieved in the implementation of the Ukraine-EU association agreement.
The review of the result will be launched at the summit and should be finalized next year. At the moment, the EU and Ukraine are exchanging respective assessments to present a common assessment at the bilateral summit in Brussels in 2022, he said.
The official said that the summit will provide an opportunity for the EU to reaffirm its continued commitment to strengthening Ukraine’s political association and economic integration with the EU.
It is vital that the EU continues to work closely with Ukraine to strengthen the rule of law and enhance and promote further reforms, he said. In this context, he touched on the particular importance of a comprehensive and consistent implementation of judicial reforms and the ongoing fight against corruption. Both of them are key, the official said.
In addition, he spoke about the EU’s plans to launch an investment package for Ukraine worth EUR 6.5 billion as part of the economic investment program.
He also said that the central theme at the summit will be security.
He said that he expects the leaders at the summit to reaffirm the EU’s commitment to implement and adhere to appropriate non-recognition policies, including restrictive measures. He said that there will also be a discussion about what we can do together to counter some of the hybrid threats and counter disinformation, which the EU and Ukraine often faces.
The official said that the summit will point out the need for the reform process in Ukraine to continue and be fully implemented. Further commitment is needed to ensure that the reform process becomes irreversible, especially in the area of the rule of law and the judiciary, he said.
The 23rd Ukraine-EU summit will take place on Tuesday, October 12, in Kyiv. It will start at 9.00. The EU will be represented at the summit by President of the European Council Charles Michel and President of the European Commission Ursula von der Leyen. Thus, Michel will visit Ukraine for the third time starting in March.
The Ukrainian national team has gained a victory over Finland as part of the selection match for the 2022 FIFA World Cup.
The match ended with the victory of Ukraine with a score of 2:1.
Earlier it was reported that the Ukrainian national team will play in the selection matches with France, Finland, Bosnia and Herzegovina and Kazakhstan.
The first official batch of Apple products – more than 8,000 Iphone 13 smartphones – arrived at the Boryspil airport on October 9, the State Customs Service of Ukraine said on its Facebook page.
“In total, more than 8,000 smartphones of the Iphone 13 line with a declared value of more than $7.5 million arrived in Ukraine. The State Customs Service of Ukraine has begun customs clearance of goods,” the post says.
Earlier it was reported that on June 30, Apple opened an official office in Ukraine. Also, Apple will deliver the entire line of its products and open a service point for servicing its products.
