Business news from Ukraine

Business news from Ukraine

VOLODYMYR-VOLYNSKY POULTRY FACTORY INCREASES SALES BY 40% DURING QUARANTINE

PrJSC Volodymyr-Volynsky poultry factory (Volyn region), one of the largest poultry producers in Ukraine, has reached a 40% increase in sales of its Epikur brand due to the growth in demand for products since the beginning of quarantine measures in Ukraine, Head of the company’s supervisory board Alina Sych has said.
“In the conditions of market boom, the demand for poultry, as well as for many other food products, has grown by more than 50% and continues being high. Packaged products in the tray became more important, as these products are more biosafe,” she told Interfax-Ukraine.
According to Sych, this is not only because people are loading up on supplies in advance, but also most consumers mostly cook at home during quarantine.
The head of the company’s supervisory said that the sales growth of the Epikur brand increased monthly by 20%, and since the beginning of quarantine measures in Ukraine, the products had reached a 40% growth.
Sych said that in order to meet the growing demand, the poultry factory is operating at full capacity. “We try to keep prices at the same level, but due to a sharp increase in the exchange rate and an increase in the cost of goods and services as well, we are forced to respond to market fluctuations. For example, we buy chickens for rearing in the EU and the level of the euro affects the cost of production, which directly affects the price for consumers,” the head of the supervisory board said, adding that the price of Epikur products has increased from the beginning of quarantine by an average of 10%.
In connection with the coronavirus disease (COVID-19) spread in Ukraine, the poultry factory, as far as possible, transferred office workers to remote work, and for other employees, it strengthened preventive and control measures in line with the recommendations of the Health Ministry.
“We provided workers with masks and respirators, antiseptics are easy available. We regularly disinfect office premises, vehicles, and also follow other preventive measures. Now, it is impossible to enter the territory of the factory without a mask and temperature screening,” Sych said.
PrJSC Volodymyr-Volynsky poultry factory is a Ukrainian-Dutch enterprise. It is one of the five largest producers of chicken in Ukraine, occupying about 6% of the market. The infrastructure of the poultry farm includes 100 poultry houses located at 11 poultry breeding grounds, a slaughterhouse and a feed mill, as well as land for growing forage.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF APRIL 1

Official rates of banking metals from national bank as of April 1

One troy ounce=31.10 grams

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669 COVID-19 CASES CONFIRMED IN UKRAINE

Some 669 cases of acute respiratory disease COVID-19 caused by SARS-CoV-2 coronavirus were confirmed in Ukraine as of 10:00 on Wednesday, April 1, with 17 patients died and 10 recovered. “According to the results of studies of the virological reference laboratory of the Public Health Centre of Ukraine and regional laboratory centers, a total of 669 cases of COVID-19 have been confirmed. In total, 17 deaths from COVID-19 were recorded in Ukraine. A total of 10 people have recovered – a repeated laboratory study did not reveal the virus in the body,” the Center for Public Health reported on Facebook on Wednesday morning.

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 01/04/20

National bank of Ukraine’s official rates as of 01/04/20

Source: National Bank of Ukraine

SIX FLIGHTS TO ARRIVE IN UKRAINE ON APRIL 3

On Friday, April 3, the Ukrainian airline company will carry out six special flights to evacuate Ukrainians home, head of the Ukrainian Hospitality Industry Association Oleksandr Liyev told Interfax-Ukraine.
“There will be six special flights to Ukraine, and all passengers will already have a paid voucher for checking-in into a hotel at EUR 100 for 14 days … The start of ticket sales is to take place tomorrow. Now there is a selection of hotels and resorts for settlement,” said Liyev, without specifying the name of the carrier.
According to the Interfax-Ukraine agency, SkyUp plans to carry out special flights.
“The carrier is the Ukrainian company SkyUp,” a market source told the agency. At the same time, the SkyUp company informed the agency that “they do not know anything” about these special flights.
Responding to a request from the Interfax-Ukraine agency, UIA noted that it “does not plan” to carry out these special flights.
According to the Cabinet of Ministers’ Decree No. 241 of March 29, the regional and Kyiv city state administrations are responsible for ensuring the arrangement of specialized institutions for observation, transportation of persons who need observation and medical supervision to them.

KYIV RIVER PORT’S INCREASES NET PROFIT 5.3 TIMES

JSC Kyiv River Port increased its net profit by 5.34 times in 2019 compared to 2018, to UAH 37.989 million.
This data is contained on the agenda of a meeting of shareholders scheduled for April 28, the materials of which are released in the information disclosure system of the National Securities and Stock Market Commission.
Net worth of the company is UAH 37.299 million and charter capital is UAH 17.25 million.
Total receivables increased by 34.1%, to UAH 33.353 million for the year.
The company’s assets as of December 31, 2019 increased by 26.4%, to UAH 106.566 million (UAH 84.328 million in 2018).
Kyiv River Port has more than 1,500 meters of cargo berths equipped with modern handling facilities. The port is equipped with hydraulic structures, special devices for parking, handling and navigational services of the fleet, coastal facilities, repair shops.

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