Business news from Ukraine

Business news from Ukraine

SEVERODONETSK AZOT RAISES PRODUCTION OF FERTILIZERS IN Q1

PrJSC Severodonetsk Azot, part of Group DF of businessman Dmytro Firtash, in January-March 2021 increased the production of mineral fertilizers by 47.4% compared to the same period in 2020, to 265,620 tonnes, according to the company’s press release published on Tuesday.
During this period, the production of ammonium nitrate decreased by 9.2%, to 141,610 tonnes, urea increased by 3.7 times, to 119,600 tonnes, urea-ammonium nitrate (UAN) by 4.6 times, to 17,400 tonnes, and the production of ammonia water decreased by almost 94.7%, to 150 tonnes.
In addition, the enterprise produced 147,810 tonnes of ammonia; 1,590 tonnes of liquid carbon dioxide and 20,170 cubic meters of medical oxygen in cylinders.
“We managed to increase the utilization of the company’s production capacities from 30% to 50%. Further growth of production volumes will depend on the level of demand for mineral fertilizers and on how the ICIT [Interdepartmental Commission on International Trade] resolves the issue of limiting imports of nitrogen fertilizers in Ukraine,” Board Chairman of Severodonetsk Azot Leonid Buhayov said.
He said that the enterprise will be able to continue to load workshops and increase production if imports are limited due to quotas.
In May 2020, Severodonetsk Azot restored the full production cycle, it began production of its own ammonia and the production of ammonium nitrate, urea, and urea-ammonium nitrate, which made it possible to load production capacities by about a third. According to the company, all concluded contracts are fully implemented, despite the special working conditions during the quarantine period. The enterprise said that some workshops had been idle for more than seven years due to hostilities in the region, lack of reliable power supply and damaged infrastructure.
PrJSC Severodonetsk Azot is one of the largest Ukrainian chemical enterprises. It has been part of Dmytro Firtash’s Group DF since 2011. The core business of the enterprise is the production of mineral nitrogen fertilizers.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF APRIL 13

Official rates of banking metals from national bank as of April 13

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 13/04/21

National bank of Ukraine’s official rates as of 13/04/21

Source: National Bank of Ukraine

ACCOR WILL OPEN THREE NEW HOTELS IN UKRAINE

Accor Live Limitless will open three new hotels in Ukraine in 2022-2023: Ibis & Adagio Kyiv, Ibis Lviv and Novotel Lviv, Alexis Delaroff, the director general of Accor New East Europe, has told Interfax-Ukraine.
“For Accor Ukraine is an important market, and we strive to develop it further. Accor is already the largest international operator in Ukraine, and if we take into account the projects at the stage of signing or design, we are strengthening our positions,” he said.
According to him, the pandemic has made adjustments to the plans for the implementation of Ibis & Adagio Kyiv, the opening of this combo hotel is likely to occur next year.
“The project is now moving forward dynamically,” the expert said.
Two more projects are at a high stage of implementation in Lviv. According to him, Ibis Lviv will open in 2022, Novotel Lviv in 2023.
“Odesa, Dnipro, and other cities are also interesting to us. We are constantly looking for new projects and partners,” he said.
Accor S.A. Is the largest international hotel operator. The company was founded in 1967. It is headquartered in the Paris suburb Evry.
Accor Group unites more than 5,100 hotels in 110 countries of the world.

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NISSAN LEAF ELECTRIC CARS WILL BE OFFICIALLY SOLD IN UKRAINE

Nissan Motor Ukraine will start official sales of the updated Nissan Leaf in Ukraine this summer, according to a press release from the company.
“Nissan Motor Ukraine announces the official start of sales this summer of one of the most popular electric cars in the world. Nissan Leaf has become a pioneer in the segment of mass electric vehicles, and today it is one of the world’s bestsellers, with more than 500,000 cars sold,” the report says.
As reported, only used Nissan Leafs are currently imported to Ukraine, which for a long time held the undisputed leadership in the initial registrations of electric vehicles in Ukraine.
According to the Ukrautoprom association, in 2020 the registrations of Nissan Leaf amounted to 2,180, while Tesla Model 3 ranks second with 865 cars.
However, already in January 2021, the leadership in the Ukrainian market was seized by Chevrolet Bolt with 133 cars versus 107 Nissan Leaf cars, and by the end of the first quarter, the brands were practically equal in registrations.
The press release has not yet clarified the details, including prices and the date of the start of sales of the updated Nissan Leaf.
“This event, which many have been waiting for, became possible thanks to the mid-term plan of Nissan Next and its practical implementation in Ukraine. The official start of sales of Nissan Leaf in Ukraine is the first step in implementing the strategy of promoting Nissan electric vehicles in our country. Closer to the start of sales, we will announce the package, prices and exact dates of the start of sales,” Volodymyr Ivanov, the PR coordinator of Nissan Motor Ukraine, said on his Facebook page.
Nissan Motor Ukraine LLC, a subsidiary of Japan’s Nissan Motor Co, began operations in April 2005, and acts as an importer and distributor of Nissan and Infiniti in Ukraine.

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UKRAINE RAISES EXPORT OF COKE BY 6.7 TIMES

Ukraine in January-March this year increased exports of coke and semi-coke in quantity terms by 6.7 times compared to the same period last year, to 48,970 tonnes.
According to statistics released by the State Customs Service, in monetary terms, exports of coke and semi-coke increased by 14.2 times over this period, to $11.880 million.
At the same time, main exports were carried out to Turkey (52.68% of supplies in monetary terms), Bosnia and Herzegovina (12.58%) and Kazakhstan (12.28%).
Ukraine in January-March 2021 imported 84,895 tonnes of coke and semi-coke, which is 2.4 times more compared to January-March 2020. In monetary terms, imports increased by 2.5 times, to $21.141 million.
The products were mainly imported from the Russian Federation (57.24% of deliveries in monetary terms), Poland (24.37%) and the Czech Republic (14.53%).

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