Business news from Ukraine

Business news from Ukraine

PRICE OF LAND IN KYIV UP IN H1

The price of land plots in Kyiv has risen by an average of 5-10% since the beginning of 2021, according to Park Lane real estate agency.
“Land reacts least of all to changes in external factors (economic, political) due to limited supply within Kyiv. Land prices are showing growth, especially with a good location. Liquid land plots can always be profitably and quickly sold,” director general of Park Lane Viktoria Barabash said.
According to the analysis of Park Lane, the most expensive offer is in Pechersky district of the capital – $ 60,000-100,000/100 sq m, in Holosiyevsky district – $ 25,000-50,000/100 sq m, in Solomiansky district – $ 20,000-40,000/100 sq m.
Barabash noted an active demand for the purchase of land within the capital, but the interest in such real estate is lower than in houses or apartments built in residential complexes.
Today there is a choice of land plots in different districts of Kyiv and with a different purpose, ranging from 600 to 92,000 sq m.
According to Park Lane, the most diverse selection of land plots is in Holosiyevsky district (Pyrohovsky Way, Chabanovska Street, Kazatska Street, etc.), Solomiansky (Sovky), in Pechersk (Zverynetska Street, Redutna Street, etc.). Also, buyers are always interested in the land in Osokorky, Rusanivski gardens, where there is access to the water.

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UKRAINIAN PROMETEY TO BUY GRAIN STORAGE IN KHARKIV REGION

Prometey Group has acquired an elevator (Zolochiv, Kharkiv region), designed for a one-time storage of 30,000 tonnes of grain, the asset will strengthen the position of the grain trader in Kharkiv region, which is profitable for agribusiness, the company’s website says. “Thanks to the Zolochiv elevator complex, we want to provide farmers with a new quality of services, including the services of Agromarket. Due to the new asset, Prometey Group plans to strengthen its position in Kharkiv region,” regional director of the elevator direction Dmytro Maksymenko said.
Prometey clarified that the Zolochiv elevator with a simultaneous storage capacity of 30,000 tonnes is certified for storage of grain and oilseeds. The complex has a grain-cleaning separator with a capacity of 100 tonnes/hour, and grain dryers with a capacity of 64 tonnes/hour.
The capacity of unloading grain by the elevator to railway transport is 400 tonnes/day, and the granary is also equipped with three truck unloaders. Weighing is carried out on scales with a carrying capacity of 60 tonnes and a platform length of 16 meters.
The company noted that the decision to expand the presence of Prometey at the expense of Kharkiv region is dictated by the high technical efficiency of agriculture in this region. The company referred to the studies of the Institute of Agricultural Development in Transition Economies (IAMO) and the Ukrainian Agribusiness Club association according to which Kharkiv region is one of the “references” for agricultural activities, and the stable growth of acreage and production of agricultural products favorably influences the development of the elevator industry.
Prometey recalled the Agromarket program, operating on the basis of each elevator in the chain, and allowing the company’s client farmers to purchase the necessary agricultural goods in one place, including on the security of the future harvest.

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VASYL BODNAR APPOINTED AS UKRAINE’S AMBASSADOR TO TURKEY

President of Ukraine Volodymyr Zelensky has appointed Deputy Foreign Minister of Ukraine Vasyl Bodnar as Ukraine’s Ambassador to the Republic of Turkey.
Relevant decree No. 336/2021 of July 30 was published on the website of the head of state.
“To appoint Bodnar Vasyl Myronovych as the Ambassador Extraordinary and Plenipotentiary of Ukraine to the Republic of Turkey,” the decree says.
Bodnar has been serving as Deputy Minister of Foreign Affairs of Ukraine since November 2017. In 2013-2015, he was an adviser to the Ukrainian Embassy in the Republic of Turkey, in 2015-2017 – the Consul General of Ukraine in Istanbul, the representative of Ukraine to the Organization of the Black Sea Economic Cooperation (BSEC).

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PORK CONSUMPTION IN UKRAINE TO GROW IN 2021

Pork consumption by Ukrainians in 2021 will grow by 4.7% compared to 2020, to 15.5 kg per person per year (excluding fat and offal), which will be the highest result since 2013, when this indicator per capita was 17.9 kg.
This opinion was published on the website of the Association of Pig Breeders of Ukraine with reference to data from the UN Food and Agriculture Organization (FAO).
“The increase in pork consumption is determined by several factors, including the growth of domestic production. Pork occupies niches that free up other types of meat, primarily chicken. So, in 2021, the consumption of chicken will decrease by almost 2 kg,” FAO agricultural markets expert Oleksandr Sikachyna quoted in the post.
According to him, the elasticity of demand for meat is slow: consumers need time to change their purchasing habits, so consumption will not be able to quickly respond to high rates of production growth.

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KREDMASH FROM POLTAVA INCREASES SALES BY 21%

JSC Kremenchuk Plant of Road Machines (Kredmash, Poltava region) in January-June increased the production and sales of asphalt and soil mixing units by 21.4% compared to the same period in 2020, to 34 units.
According to a report on the company’s website, in June, the plant shipped products to Vinnytsia, Odesa, as well as for export.
As reported, the growth in production and sales of products at the plant is primarily associated with the road construction program in Ukraine. In particular, in January-June last year, due to the intensification of road construction, the plant produced 28 units, while for the whole of 2019 – 26.
In June of this year, Kredmash also produced spare parts, components and assemblies for UAH 22 million, consumer goods – for UAH 10.4 million.
Kredmash specializes in the development and manufacture of asphalt mixing plants, spare parts for construction and road equipment, tank trucks, bitumen trucks, iron and steel castings, consumer goods (seamers).
In 2020, the plant produced and sold 54 units, net income increased by 12%, to UAH 1.088 billion, net profit tripled – to UAH 69.14 million. Some 61.3% of total sales were exported, and the main competitors at the plant are German-based Ammann, Teltomat, Lintec, Italian-based Mavini, Bernandi, Sim, Czech-based Askom, Finnish-based Amomatik.

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UKRAINE INTERESTED IN DEEPENING COOPERATION WITH MOLDOVA

Chairman of the Verkhovna Rada Dmytro Razumkov congratulated Igor Grosu on his election to the post of head of the Parliament of Moldova.
“Today, during a phone conversation, congratulated Speaker of the Parliament of Moldova Igor Grosu on his election to office. The victory of pro-European forces in the elections in Moldova opens up opportunities to intensify relations with Ukraine. We are interested in deepening cooperation with our neighbor,” Razumkov said on Twitter on Monday.

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