Business news from Ukraine

Business news from Ukraine

TIMBER AND PAPER EXPORT FROM UKRAINE SHOW HIGHEST GROWTH IN Q1 2018

Almost all groups of Ukrainian-made commodities demonstrated the growth of exports in the first quarter of 2018 year-over-year, however, exports of timber and paper grew most (by 39%, or $140 million), the Economic Development and Trade Ministry said on its website. “The EU remains the largest trading partner of Ukraine. Exports of goods to the EU during the first quarter of 2018 amounted to $5.07 billion, its share was 44.4% in the total exports of goods from the country,” the ministry said.
Exports of chemicals and related products for the period increased by 29%, or $134 million, those of light industry products grew by 23% ($58 million), metal by 23% ($558 million).
Farm produce and processed food accounted for the largest share of Ukrainian exports (38%), while the share of metallurgy was 26%, that of machine building was 11%, and mineral products 9%, the ministry said.
As reported, in January-March 2018, exports of goods from Ukraine increased by 10.3% year-over-year, to $11.435 billion, while imports grew by 13.2%, to $ 12.636 billion.

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USDA PREDICTS GROWTH IN EXPORTS OF RAPESEEDS FROM UKRAINE BY 19%

Exports of Ukrainian rapeseeds in the 2018/19 agricultural year would reach some 2.5 million tonnes, which is 19% more than a year ago, the United States Department of Agriculture (USDA) has said.
According to an annual report for oilseeds and food of the USDA, in 2016/17 agri-year Ukraine exported around 1 million tonnes of rapeseeds, which is 28% less than a year ago. Over 92% of it was exported to the European Union (EU).
According to the report, from July 2017 through January 2018, the trend has changed, and exports reached 2 million tonnes, which is almost 21% more year-over-year. The EU remained the key consumer and bought almost 1.7 million tonnes (92% of total exports). The EU would remain the main buyer of the new season.
According to the report, EXW prices of rapeseeds in 2018/19 agri-year exceeded FOB prices in the ports of the Black Sea.

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SIKORSKY KYIV INTERNATIONAL AIRPORT KYIV WANTS TO INVEST UAH 500 MLN IN EXPANSION

The Sikorsky Kyiv international airport (Zhuliany) seeks to invest UAH 500 million to expand Terminal A in 2018-2019, Board Chairman Denys Kostrzhevsky has said.
“This year capital investment in the amount of some UAH 500 million will be sent to expand Terminal A. We plan to commission the terminal before May 2019,” he said in an exclusive interview with Interfax-Ukraine.
Kostrzhevsky also recalled that in 2017, Master-Avia managing company built a new apron with an area of 25,000 square meters in the airport.
He said that Master-Avia conducted the thorough analysis and designed a project on reconstruction of the runway of the airport, enlarging it by 600 meters. The runway would be able to service aircraft of Airbus А321 and Boeing 737-900 type.
“We need to settle the legal and technical issues: to finish the allocation of a land parcel for the airport and the extension of the runway in the conditions of the rough terrain. This is difficult to do, but the project includes these works and it is likely that it would be done. The approximate cost of this reconstruction is EUR 84 million. The airport asked the Kyiv City Administration to provide the required sum or start the process of attracting an investor,” Kostrzhevsky said.
He also said that be believes it logical to reconstruct the runway of the airport using budget funds.
“The state or the city is interested in the airport being developed and operating. If the decision on the public private partnership is made, it would depend on the proposal of officials if Master-Avia participates in it or not,” he said.
Kyiv International Airport (Zhuliany) is located in the business center of the capital, seven km from the city center. It is the second largest airport in Ukraine in terms of the number of flights and passenger traffic.
The airport has three terminals with a total area is 21,000 square meters. Terminal B is separate facility for business-class service, it is part of the Fixed Base Operator (FBO) system. The airport’s runway is able to handle B-737 and A-320 aircraft.

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KYIV READY TO HOST CHAMPIONS LEAGUE FINAL

Kyiv is ready to host the final of the UEFA Champions League in 2018 at a proper level, a chief representative of Kyiv City State Administration (KCSA) in charge of preparations for the Champions League final, Andriy Myroshnichenko, has said.
“The city is already prepared for this event. Nine points out of ten on a ten-point scale. Kyiv is ready to host such events, which was proved by the holding of Eurovision in 2017, when we calmly held it and got the best marks from the European Broadcasting Union. It determined that it was the first Eurovision in 11 years without significant remarks. I am sure that we will get the same marks from UEFA,” he said at a press conference in Kyiv on Thursday.
Myroshnichenko said that for the preparation of the city there was no need to implement large infrastructure projects.
“All projects that are being implemented in the city are not directly related to the Champions League final,” he said.

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