Business news from Ukraine

Business news from Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JULY 09

Official rates of banking metals from national bank as of July 09

One troy ounce=31.10 grams

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ORGANIZERS OF INTERNATIONAL EUROPEAN UNIVERSITY IN KYIV INVEST OVER $3 MLN IN PROJECT OVER A YEAR OF WORK

Investments in the project for the creation and development of the International European University in Kyiv exceeded $3 million during the first year of its development, founder and vice-rector for scientific, pedagogical work and international relations of the university Alla Navolokina told the Interfax-Ukraine agency after a press conference at the agency on Thursday.
“Today, 850 foreign students from more than 40 countries of the world study at our university,” the vice-rector clarified.

According to her, training in scientific and educational institutions is carried out in seven areas: business school, architectural and engineering, language, medical, IT, law and art school. As part of the implementation of European education standards, students can choose freely more than 25% of subjects, not only in their professional filed, Navolokina specified.
She added that another feature of the university is a lifelong learning system – up to 93 years.
Chairman of the Development Assistance Council of the International European University, Academician of the Academy of Pedagogical Sciences of Ukraine Anatoliy Tolstoukhov noted at the press conference that the university seeks to bring Ukrainian education to a new quality level.

“Today, the process of consolidation of universities has begun in the world: along with schools, there will be much less of them. The specificity of our university is that at least two-thirds of students must be representatives of other countries,” he said.
According to him, such a scheme makes it possible to enrich the experience of world education in Ukraine.
Navolokina added that all teachers, students and junior staff at the university are fluent in English.
The International European University, according to the information on its website, was founded in Kyiv in 2019. Citizens of Ukraine and Austria are among its co-founders. The university has its own educational building at 1b Mahnitogorska Street in Kyiv.
According to the state register, the owner of a private institution of higher education “International European University” with an authorized capital of UAH 14.2 million through Polimed-K LLC is Serhiy Ryzhkov.

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MAP OF INTERNET COVERINGS OF UKRAINIAN BASIC MOBILE OPERATORS IN JAN 2021

MAP OF INTERNET COVERINGS OF UKRAINIAN BASIC MOBILE OPERATORS IN JAN 2021

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CARGO TRANSPORTATION ON DNIPRO RIVER STILL INCREASING

Cargo transportation along the Dnipro River in January-June 2021 increased by 63.9% (1.9 million tonnes) compared to the same period in 2020, to 5.46 million tonnes.
According to the report of the Ukrainian Sea Ports Authority (USPA), with reference to the data of the River Information Service of Ukraine, 6,433 trips were carried out during January-June against 3,299 in 2020.
“The main share of cargo is construction materials, the volume of transportation of which increased by 133.5% and reached 3.71 million tonnes. Grain cargo is in the second place, its volume of transportation decreased by 5.4% compared to last year and amounted to 1.13 million tonnes,” the report says.
In addition, metal products are actively transported along the river. At the same time, over the six months of this year, the volume of metal transportation by river decreased by 9.6% and reached 603,900 tonnes.

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CHERKASY AZOT INVESTS USD 6 MLN IN RECONSTRUCTION OF UREA PLANT

PrJSC Azot (Cherkasy), part of Group DF of businessman Dmytro Firtash, has launched a 45-day project to modernize the M-6 urea plant, capital investments in which will exceed UAH 165 million, Group DF said.
“The modernization of the M-6 urea production plant will be the largest project for the plant in the last 10 years. The enterprise makes money, the shareholder continues to make capital investments and modernize key industrial sites,” head of the board Vitaliy Skliarov is quoted as saying in a press release.
According to him, the work is aimed at increasing the capacity of the workshop and achieving energy savings.
According to the release, the exact figures for the new capacity of the workshop, which is now 1,000 tonnes per day, will be made public after the implementation of the project and the restoration of the workshop. Group DF Director for Communications Oleh Arestarkhov told Interfax-Ukraine that it is about increasing capacity by about 10%.
It is also assumed that the modernization will improve the efficiency of chemical processes in the shop, improve the reliability and stability of most production processes and have a positive effect on the technical and economic indicators of the shop as a whole.
In particular, it is planned to replace the high-pressure condenser and install a new low-pressure condenser, which has almost twice the working surface, as well as replace the old mass transfer plates in the synthesis reactor with new ones, made by the Swiss Urea Casale, with an increase in their number from 10 to 11.

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LITHUANIA AND UKRAINE AGREE ON DEVELOPMENT OF MULTIMODAL TRANSPORTATION BETWEEN BLACK SEA AND BALTIC STATES

The profile ministries of Ukraine and Lithuania have agreed to launch a pilot project to develop multimodal transportation between the countries, according to the website of the Ministry of Infrastructure of Ukraine on Thursday.
In Klaipeda, Lithuania, a meeting was held between Minister of Infrastructure of Ukraine Oleksandr Kubrakov and Minister of Transport and Communications of Lithuania Marius Skuodis, during which the parties discussed issues of strengthening cooperation and prospects for new projects.
“Partnership in the field of transport is one of the priorities. We are restoring a dialogue on the implementation of an old idea – connecting the Baltic and Black Sea regions by rail. For both countries this is a chance to optimize logistics, increase the load on seaports and enter new world markets. We have already agreed to launch a pilot project, within the framework of which we will develop multimodal traffic between countries, including by increasing the flow of semi-trailers,” Kubrakov is quoted as saying.
He also noted the relevance of the resumption of the passenger railway route “four capitals” from Kyiv to Riga.
According to the Ministry of Infrastructure, there are currently large cargo flows between the Baltic and Black Sea regions, but the share of cargo moving from Ukraine is very low. At Klaipeda seaport, Ukrainian cargo accounts for only about 1-2% of all cargo. At the same time, according to the estimates of the Lithuanian side, the flow of goods from Ukraine could potentially be 10 times higher.
“For the implementation of multimodal cargo transportation by sea and rail, road semi-trailers will also be used as intermodal transport units. To make this possible, the ministry will initiate amendments to Ukrainian legislation, which will allow semi-trailers to be classified as cargo, and not as a vehicle,” the report said.
The launch of the pilot project is planned for September this year.
The successful implementation of the agreement, as noted in the Ministry of Infrastructure, has the potential to make Klaipeda seaport in Lithuania the northern gateway of Ukraine to Scandinavia and at the same time Odesa – the southern sea gate of Lithuania to the Black Sea region.

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