Business news from Ukraine

Business news from Ukraine

UKRAINE AND NORTH MACEDONIA ESTABLISH REGULAR DIRECT FLIGHTS

The first direct flight Kyiv – Skopje departed took off on Sunday, now Ukraine and North Macedonia are connected by regular flights, Ukrainian Foreign Minister Dmytro Kuleba said.
“We are further expanding the freedom of travel for Ukrainians. Ukraine and North Macedonia signed a visa-free regime last year. And today, for the first time in history, a direct flight Kyiv – Skopje has taken off. From now on, our countries are connected by regular flights. This is the development of not only tourism, but also business contacts,” wrote Kuleba on Twitter on Sunday.

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ZAPORIZHKOKS INCREASES PRODUCTION IN 11 MONTHS

PJSC Zaporizhkoks, one of the largest producers of coke-chemical products in Ukraine, which is part of the Metinvest group, in January-November this year increased its production by 3.2% compared to the same period last year – up to 779,400 tonnes.
According to the company, 67,600 tonnes of blast furnace coke were produced in November, 68,300 tonnes in October.
“The decrease in coke production in November 2020 is due to the overhaul of coke oven battery No. 6 with a total budget of UAH 90 million,” the company explained.
As reported, Zaporizhkoks in 2019 increased production by 0.3% compared to the previous year – up to 827,500 tonnes.
Zaporizhkoks produces about 10% of coke produced in Ukraine, owns a full technological cycle of processing coke-chemical products. In addition, it produces coke oven gas and pitch coke.

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UKRAINIAN PHARMACEUTICAL MARKET WILL GROW BY 4-6%

The pharmaceutical market of Ukraine over 2020 will grow by 4-6%, the chairman of the board of directors of Darnitsa Pharmaceutical Group, Dmytro Shymkiv, predicts.
“According to analysts, over 2020 we will see growth in the range of 4-6%. The market is expected to grow by about 6-11% in 2021,” he said in an interview with Interfax-Ukraine.
Shymkiv noted that “the Ukrainian pharmaceutical industry has a great potential inherent in the previous period: over the past five years, the industry has grown, on average, by 12% annually.”
At the same time, he predicts that Darnitsa will end 2020 with the indicators of last year.
“In both Ukrainian and international pharmaceutical sectors, this can be considered a serious result for an unexpectedly turbulent year,” he said.

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UKRAINIAN SEAPORTS INCREASE TRANSSHIPMENT OF CARGO

Ukrainian seaports in January-November of this year handled 145 million tonnes of cargo, which is 1% more than in the same period last year, representatives of the Ukrainian Sea Ports Authority (USPA) said during the EBA Infrastructure Day on Thursday.
According to the USPA, the export of goods for 11 months-2020 increased by 3.6%, imports decreased by 8.3%, transit – by 10.3%.
“Exports increased due to such cargo as ore and metal, imports decreased due to ore and coal, transit decreased due to a reduction in ore supplies from the Russian Federation through the port of Pivdenny,” the USPA reported.
According to the published information, in the structure of cargo handling, grains make up 30% of cargo, ore – 28%, ferrous metals – 11%, containers – 8%, other bulk cargo – 6%, oil – 4%, etc.
Most of the cargo (28%) was handled by four seaports: Pivdenny, Mykolaiv, Odesa and Chornomorsk.
As reported, the seaports of Ukraine in 2019 handled 160 million tonnes of cargo, which is 18.4% more compared to 2018.

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UKRAINE PRODUCES ALMOST 900,000 TONNES OF SUGAR BY DEC 4

Sugar production in Ukraine as of December 3 amounted to 894,700 tonnes.
According to a report on the website of the National Association of Sugar Producers Ukrtsukor, as of this date, 30 sugar factories operate in the country, which processed 6.75 million tonnes of sugar beet.
As earlier reported with reference to Ukrtsukor, the sugar beet processing season started in the country on September 5.
Sugar production in Ukraine in 2020 is forecasted at 1.2 million tonnes, which is 15% less than a year earlier.
As of November 30, 2020, Ukrainian agricultural producers harvested 9 million tonnes of sugar beet from an area of 212,200 hectares (98%).

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SLOVENIAN-NORWEGIAN CONSORTIUM RIKO-CAMBI TO BUILD BIOGAS PLANT IN UKRAINE

Lvivvodokanal has signed an agreement with the Slovenian-Norwegian consortium Riko-Cambi on the construction of a biogas station with combined heat and power production for EUR 31.5 million.
“Based on the results of the international selection procedure for the implementation of the project for biogas production from municipal sewage sludge, the Slovenian-Norwegian consortium Riko-Cambi was appointed as the contractor. The contract will last until June 2023,” the press service of Lviv City Council said.
According to the work schedule, design and estimate documentation will be developed by September-2021, construction, installation and commissioning by June 2022, the commissioning of the facility by June 2023.
The station will generate electricity in the amount of about 20,000 MW/year and heat.
“It will improve quality of life for many, cutting CO2 emissions by 120,000 tonnes/year. A good example of EU Green Deal at work!” Matti Maasikas, the Head of the EU Delegation to Ukraine, said on Facebook.
The project is financed by a loan of the European Bank for Reconstruction and Development (EBRD) in the amount of EUR 15 million and the Nordic Environment Finance Corporation (NEFCO) in the amount of EUR 5 million, a grant from the Eastern Europe Energy Efficiency and Environment Partnership(E5P, EUR 7.5 million) and Lviv City Council (EUR 4 million).

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