Gallusman, one of Ovostar Union companies, plans to begin the construction of an egg production complex in Latvia in partnership with the energy company ADVEN in 2021, the project is currently at the stage of assessing potential environmental impacts. According to Ovostar, it is expected that the new production complex will export up to 90% of its products. Another Latvian subsidiary of Ovostar, Ovostar Europe, which since 2015 has been cooperating with the group’s trading partners in the EU countries, will be engaged in export sales. The goal of Ovostar is to enter new markets in Europe and the Middle East.
“Today, the project is at the stage of assessing the potential impact of the new production on the environment. The examination should be completed before the end of this year, and the start of construction work is scheduled for 2021,” the company noted.
It is projected to bring about EUR 100 million investment and 200 new jobs to the Latvian economy.
Ovostar reported that Gallusman and ADVEN had already signed a letter of intent. The partnership of the companies is aimed at finding the best energy and infrastructure solutions for the egg production complex to achieve non-waste production.
“Upon completion of the project, Gallusman will become a leader in the poultry industry and animal feed trade in Latvia, as well as the largest producer of eggs and egg products in Northern Europe,” Ovostar said.
Gallusman is part of the Ovostar Union group. Ovostar Union, one of the leading Ukrainian agricultural holdings, is one of the largest egg producers in Europe. The business model of the company is built on the principle of a full production cycle.
BUILD, EGG, LATVIA, OVOSTAR, PRODUCTION
The reserves of natural gas in underground gas storage facilities (UGS) of Ukraine as of May 10, 2020 amounted to 17.032 billion cubic meters (bcm), according to recent data from JSC Ukrtransgaz.
According to the calculations of the Interfax-Ukraine agency, this volume exceeds the inventory indicator for the same date in 2015-2019 by 1.7-2 times (by 7-8.5 billion cubic meters).
According to Ukrtransgaz, as of May 1, 2020 non-residents stored 1.173 billion cubic meters of gas in the “customs warehouse” mode in the underground gas storage facilities, while residents some 1.197 billion cubic meters.
In particular, today companies from Austria, Germany, Poland, Slovakia, the United States, France, Switzerland and Estonia use the services of UGS facilities in Ukraine.
At the same time, over the four months of this year, the share of foreign traders is a quarter of the total volume of gas pumped into the storage facilities (551 million cubic meters out of 2.318 billion cubic meters).
Ukraine counts on $10 billion of financial support from various financial institutions in 2020, said Prime Minister of Ukraine Denys Shmyhal. “All these funds … Their volume this year exceeds $10 billion of financial support from various financial institutions, international financial organizations – the IMF, European bodies, the EU and partner countries,” he said during an hour of questions to the government in parliament on Wednesday.
At the same time, Shmyhal noted that most often the allocation of finance depends on the agreement of Ukraine with the International Monetary Fund.
“Therefore, it is very important that we move forward and receive these funds, so that next year we will have a 7% increase without rolling into the abyss and being not able to get out of it for another ten years,” added Shmyhal.
Citibank’s (Kyiv) net profit for January-March 2020 amounted to UAH 411.59 million, which is UAH 1.9 million or 0.5% more than for the same period in 2019 (UAH 409.66 million), according to the quarterly statements of the bank. According to the report on the bank’s website, its net interest income for the first quarter amounted to UAH 501.8 million, which is 5.1% more than for the first quarter of last year.
The bank’s assets for the reporting period increased by 0.9%, to UAH 31.68 billion, in particular NBU deposit certificates by 13.2%, to UAH 14.5 billion, and loans to customers decreased by 23.5%, to UAH 4.2 billion.
Liabilities rose by UAH 26.8 million or by 0.1%, to UAH 28.18 billion, in particular customer deposits by UAH 45.4 million or by 0.16%, to UAH 27.7 billion.
Net worth increased by UAH 248.9 million, or 1.14%, to UAH 3.5 billion. Charter capital remained at the level of UAH 200 million.
Citibank, founded in 1998, is a subsidiary of the American Citibank NA.
According to the National Bank of Ukraine, by January 1, 2020 Citibank ranked 13th among 75 banks operating in the country in terms of total assets (UAH 31.457 billion).
Hungarian low-cost airline Wizz Air and German Lufthansa plan to resume flights from Ukraine in late May or early June.
The relevant information is available in the booking systems of the airlines.
In particular, Wizz Air has opened booking tickets for flights from Kyiv, Zaporizhia, Lviv, Odesa and Kharkiv since May 23. Most flights will start to operate in June.
Lufthansa has opened booking flights from Kyiv to Berlin since June.
Earlier, the resumption of direct flights from Ukraine was announced by Czech national airline Czech Airlines, namely, from Prague to Kyiv and Odesa at the end of May 2020.
There is a decrease in the number of patients with pneumonia in Ukraine, Minister of Health Maksym Stepanov said during a press briefing in Kyiv on Wednesday morning.
“We have increased the number of PCR tests for coronavirus up to 8,000 per day, but the number of patients has not exceeded 600 for three weeks in a row. In addition, there is good statistics regarding patients with pneumonia. If earlier we tested about 800-900 people with pneumonia per day, today this number does not exceed 250-300 people, and we test absolutely everyone. That is, we see a decrease in patients with pneumonia. Still, quarantine measures produce their effect,” he said.
