Business news from Ukraine

Business news from Ukraine

NIKA-TERA PORT CUTS CARGO HANDLING BY 14% IN 2020

Nika-Tera Sea Terminal (Sea Specialized Port Nika-Tera, Mykolaiv), part of Dmytro Firtash’ Group DF, handled 409 vessels and 7.38 million tonnes of cargo in 2020, which is 15% lower than in 2019.
According to the company’s website, the main types of cargo handled in the port are grain, legumes and oilseeds, as well as their processed products.
In 2020, the port started handling oil products and resumed handling fertilizers.
“The coronavirus [COVID-19] pandemic and the drop in crop yields are the main reasons for the 14% decrease in cargo handling. In 2020, grain was the main type of cargo handled in the port. At the same time, the crisis helped us open a new ‘window of opportunity’: we are talking about the restoration of volumes of mineral cargo and bitumen handlings,” CEO of Nika-Tera Alim Agakishiev commented on the results of the past year.
The structure of the company’s cargo turnover in 2020 looked as follows: grain, legumes and oilseeds, as well as their processed products accounted for 75% (some 5.55 million tonnes) of handling; open storage bulk cargo for 18% (some 1.3 million tonnes); liquid cargo for 4% (some 323,000 tonnes) and mineral fertilizers for 3% (some 194,000 tonnes).
In 2020, the port handled 409 vessels (versus 410 in 2019), while increasing the number of processed bulk carriers of the Panamax type (with a tonnage of about 65,000 tonnes) by 44% from 16 to 23 units.
In total, 63,114 rail cars and 65,910 vehicles were handled in the port.
Despite the COVID-19 pandemic, the port was able to ensure 100% retention of the company’s personnel and large-scale assistance to the city’s healthcare sector in the fight against COVID-19.
“We believe in a gradual recovery of the market, economy and, accordingly, the volume of cargo turnover in 2021. However, much will depend on weather conditions and the yield of key crops in this marketing year,” Agakishiev said.

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KSG AGRO INCREASES CREDIT LINE AT TASCOMBANK BY $6.5 MLN

KSG Agro agricultural holding increased the multicurrency credit line at TAScombank (Kyiv) from $12 million to $18.5 million, the company said in a report published on the website of the Warsaw Stock Exchange on Monday.
“We can use these lines for sowing and harvesting […] In addition, one of the goals of increasing the credit line is to refinance foreign exchange obligations and hedge currency risks,” Chairman of the Board of Directors of KSG Agro Serhiy Kasianov said.
He said that part of the funds is also planned to be used for further reconstruction and modernization of the pig breeding farm in the village of Nyva Trudova (Dnipropetrovsk region).
According to the report, hryvnia equivalent for the volume of the credit line is UAH 522 million, the term is three years. The interest rate was not disclosed.
As reported, in April 2020, KSG Agro increased the existing credit line at TAScombank by almost $4 million, to $12 million.
The vertically integrated holding KSG Agro is engaged in pig breeding and production, storage, processing and sale of grain and oilseeds.

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UIA PREPARES AIRCRAFT TO TRANSPORT VACCINES

Ukraine International Airlines (UIA, Kyiv) is ready to transport vaccines.
“Since the beginning of 2021, the active stage of vaccination has begun all over the world, which will tend to increase throughout the current year. In order to ensure safe delivery of vaccines, UIA has prepared Boeing 737 and Boeing 767 aircraft to transport the vaccines as cargo,” the press service of UIA said on Monday.
The airline also expressed its readiness to transport the vaccine not only to Ukraine, but all over the world. At the same time, it is noted that given the peculiarities of compliance with the required temperature regimes, transportation of the vaccine by air is the fastest and most reliable method of delivery.
According to the company, since the implementation of quarantine measures, UIA has transported 870 tonnes of medical cargo.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 20/01/21

National bank of Ukraine’s official rates as of 20/01/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JANUARY 20

Official rates of banking metals from national bank as of January 20

One troy ounce=31.10 grams

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MHP INTENDS TO LEASE DRAGON CAPITAL’S ARCTICA WAREHOUSE COMPLEX NEAR KYIV

The purpose of the planned lease of the Arctica warehouse complex in the village of Sofiyivska Borschahivka near Kyiv by PJSC Myronivsky Hliboproduct (MHP) from the Dragon Capital group of companies is to store MHP products, the press service of the company has told Interfax-Ukraine.
“MHP does not buy the Arctica warehouse complex owned by Dragon Capital, but leases it. Ukrainian legislation requires permission from the Antimonopoly Committee of Ukraine to be obtained for lease as well,” MHP said, commenting on the consideration of the concentration case started on January 11 by the committee.
MHP is the largest chicken producer in Ukraine.
At the end of 2020, the supervisory board of MHP made a decision to establish MHP Logistics.
The founder and majority shareholder of MHP is Ukrainian businessman Yuriy Kosiuk

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