Business news from Ukraine

Business news from Ukraine

KYIVSTAR LAUNCHES 4G IN SUMY REGION

The mobile operator Kyivstar launched 4G in 182 villages of Sumy region, in particular, in such villages as Anastasivka, Boromsia, Voloshnivka, Vorozhba, Lytvynovychi, Mala Pavlivka, Mezenivka, Pisky, Krasne, Yunakivka and others.
“More than 46,000 rural residents of the region were able to use mobile Internet of Kyivstar network at high speeds up to 100 Mbps. For this, Kyivstar has equipped 27 base stations with modern technological means of radio communications of the LTE standard,” the company’s press service said on Monday, October 26.
Kyivstar notes that during the entire development of LTE technology in Ukraine, the operator has provided access to high-speed mobile Internet for 84% of the population.

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TURKEY INTERESTED IN COMPLETING AN-225 – DEPUTY PRIME MINISTER

The Turkish side at the recent negotiations between the presidents of the two countries in Ankara announced its interest in the possibility of completing the second unit of the world’s largest transport aircraft An-225 Mriya, Deputy Prime Minister, Minister for Strategic Industries of Ukraine Oleh Urusky has said.
“The situation was quite strange for me when, during the visit, President of Turkey and me raised the issue of completing the second Mriya and even despite the sum I said it would cost, the Turkish side said that we would continue discussion,” Urusky said at a press conference in Kyiv.
According to him, experts’ negotiations on this issue are expected.
“We cannot either complete the manufacture of Ruslan (An-125) or build new ones. However, we can complete the manufacture of Mriya both theoretically and practically,” the deputy prime minister said.
He added that the matter concerns the possibility of purchasing the An-178 medium transport aircraft, since Turkey has an interest in strategic transport aircraft.
The An-225 Mriya is the largest and most powerful transport aircraft in the world, created by Kyiv Antonov Design Bureau. The An-225 with a maximum curb weight of 640 tonnes is the heaviest aircraft in the world. In November 2004, the World Air Sports Federation included the An-225 into the Guinness World Records for its 240 records.

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ZALK AFTER LONG DOWNTIME BEGINS SMELTING ALUMINUM

PJSC Zaporizhia aluminum mill ZAlK after a long idle period has started smelting aluminum from secondary metals.
“Today, 300 kg of aluminum have been smelted from secondary raw materials – aluminum scrap,” the Interfax-Ukraine’s source said.
According to the source, this happened after a long downtime in production activities: “Before that, we had not smelted aluminum for a long time,” the source said.
According to the source, the smelting of only 300 kg does not mean the resumption of industrial production.
“So far there are no stable prospects,” the source said.
Previously, ZAlK was the only primary aluminum producer in Ukraine.
The owner of ZAlK in 2004 was the Russian group SUAL. In 2007, the plant came under the control of RusAl, created by the merger of the aluminum and alumina assets of RusAl, SUAL and the Swiss trader Glencore.
In many years of litigation, a verdict on the termination of contracts for the sale and purchase of 68.01% of ZalK’s shares and the return of this package to state ownership was issued.
According to the NDU, the State Property Fund (SPF) owns 68.0095% of the shares of PJSC ZalK, and Velbay Holding Ltd. (Cyprus, controlled by RusAl, Russia) holds 29.5363% of shares.

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KERNEL CUTS SALES OF SUNFLOWER OIL

Kernel, one of the largest Ukrainian agrarian groups, in the first quarter of 2021 fiscal year (FY), which began in July 2020, reduced sales of sunflower oil by 2% compared to the same period last FY, to 296,240 tonnes.
According to a report on the website of the Warsaw Stock Exchange on Monday, bottled sunflower oil sales in the specified period constituted 11.5% of total sales (in the same period last FY – 8.4%).
In July-September of this year, the holding’s oil extraction plants processed 662,610 tonnes of oilseeds, which is 5% more than in the first quarter of FY2020. The company said that this is – the largest ever volume in the first quarter of the financial year.
According to the report, the volume of grain exports from Ukraine in the first quarter of FY2021 increased by 31%, to 2.13 million tonnes, of which 1.9 million tonnes originated from external suppliers, and the remaining volumes being produced by company’s farming division.
Export terminals throughput volume in Ukraine increased by 56%, to 1.87 million tonnes. As explained in the company, this was driven by incremental transshipment volume on Company’s new grain export terminal in the port of Chornomorsk. The company’s silo in-take volume decreased by 36%, to 1.25 million tonnes, reflecting a crop size reduction in company’s farming business and a delayed harvesting campaign this season.
As of October 25, 2019, Kernel has threshed 43.7% corn, 98% sunflower and 100% wheat.
The agricultural holding intends to harvest corn from 254,800 hectares (10% more than a year earlier), sunflower from 148,200 hectares (9% more), wheat from 72,300 hectares (26% less), and other crops from 23,100 hectares (52% less). The company has a total of 498,400 tonnes of crop acreage, which is 3% less than in FY2020, the agricultural holding said.

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FORA EXPECTS DOUBLING OF ORDERS THROUGH DELIVERY SERVICES

The Fora supermarket chain expects that in 2021 the number of orders from the chain’s retail outlets through delivery services will double in comparison with the results of 2020.
“We believe that delivery and express delivery from retail next year will double compared to this year. According to our vision of the market, the number of purchases with small and medium check will grow especially rapidly,” Director for Digital Technologies at Fora Yevhen Trishyn said at a briefing last week.
He also said that Fora has stores in Kyiv, which provides almost full coverage.
“We have several bricks-and-mortar stores in the center of Kyiv, where the turnover through Glovo reaches 10%. This is a very good, serious indicator after six months of working through one digital service. And we expect that the number of such stores will only grow,” Trishyn said.
According to General Manager of Glovo in Ukraine Dmytro Raskovsky, the service has already outstripped other delivery services from supermarkets in terms of the number of deliveries.
“According to our estimates, if we compare the number of deliveries from supermarkets in our country and that of any other player on the market, we are now number one. Most of the large retail chains are already working with us. Of the large chains, we now only lack ATB… We have also more coverage and more partners than any other delivery service,” Raskovsky said.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 27/10/20

National bank of Ukraine’s official rates as of 27/10/20

Source: National Bank of Ukraine