Business news from Ukraine

Business news from Ukraine

STARTING FROM MAY 5 TRAINS IN UKRAINE RUN WITHOUT RESTRICTIONS

JSC Ukrzaliznytsia resumes the sale of railway tickets to Zhytomyr region due to its exit from the “red” zone of anti-epidemic measures, since May 5, passenger trains run throughout the country without restrictions, the press service of the company reports. “On May 5, Wednesday, from 24:01, Zhytomyr region, the last region with existing railway restrictions, leaves the ‘red’ zone of epidemic danger. Now restrictive anti-epidemic measures provided for the ‘yellow’ level, will be applied in the region” the message posted on the official website of Ukrzaliznytsia on Tuesday says.
This decision was made at an extraordinary meeting of the State Commission on Environmental Safety, Manmade Disaster and Emergency Response on May 4, on Tuesday.
“Now all trains in the country run in accordance with the schedule, there are no quarantine restrictions on railway traffic now,” the report said.

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116,000 FOREIGN TOURISTS VISIT UKRAINIAN CAPITAL IN 1Q OF 2021

Some 116,000 foreign tourists visited the Ukrainian capital in the first quarter of 2021, Deputy Head of Kyiv City State Administration Maryna Khonda has said.
“Despite all the obstacles caused by the pandemic, foreign tourists still visit Kyiv. This year, most tourists, according to the State Border Guard Service, came to the Ukrainian capital from Belarus – 10,500 people. Also 8,900 people came from Israel and 8,300 from Turkey,” the press service of Kyiv City State Administration said, citing Khonda on Wednesday.
The official also said that the list of countries, where more tourists came from, included the United States, India, Germany, Great Britain, France and Georgia.
In addition to foreigners, according to preliminary estimates, the capital was visited by about 300,000 domestic tourists, and the tourist tax at the beginning of May amounted to UAH 11.670 million.

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BELARUSIAN SEA SHIPPING COMPANY PLANS TO SHIP STEEL TO EUROPE VIA UKRAINIAN, SERBIAN PORTS

Belarusian Sea Shipping Company is planning to ship steel goods made by Belarus Steel Works (BSW) to Europe via Ukrainian and Serbian ports.
The shipping company is willing to organize “experimental shipments of metal goods to Europe via the ports of Odessa in Ukraine and Semderovo in Serbia with loading in Mozyr,” the Belarusian Transport Ministry said following a meeting between its head, Alexei Avramenko, and BSW management.
The ministry said the shipments would be a promising area for the shipping company’s development and make water transport more appealing or Belarusian industry in general.
OJSC Belarusian Sea Shipping Company was established in 2009 and carries export, import and transit cargo to and from CIS and non-CIS countries using river-sea ships.
Belarus is landlocked but most of its exports are carried out by sea, via the Baltic States. The shipping company had earlier been in favor of building a deep-water port on the Dnieper River in the Gomel region, 5 km from the border with Ukraine, then shipping cargo by sea from Odesa.
BSW produces steel, roll, tubular goods and hardware and exports to 66 countries.

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STATE-RUN NAFTOGAZ RECEIVES UAH 12.6 BLN OF NET PROFIT IN Q1

According to the results of January-March 2021, NJSC Naftogaz Ukrainy received a net profit of UAH 12.6 billion, which is almost four times more than in the first quarter of last year (UAH 3.2 billion), said the Group’s Chief Financial Officer Peter van Driel. “We previously stated that we expect Naftogaz to be profitable in the first quarter. I am pleased to announce that net profit in the first quarter of 2021 is UAH 12.6 billion (unaudited preliminary result, which is subject to further verification),” he wrote on his Facebook page.
The business environment is showing clear signs of recovery with higher prices and greater demand than last year, he said.
“The expected result shows our resilience: profitability has improved for three quarters in a row. Our transformation efforts are paying off. The Naftogaz team has stepped up this quarter and showed an outstanding result! I want to thank everyone for their great contribution,” he said.

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KSG AGRO REDUCES NET PROFIT BY 3.2 TIMES IN 2020

In 2020, the KSG Agro agricultural holding reduced its net profit by 3.2 times compared to 2019 – to $1.27 million, while increasing EBITDA by 3.1 times – $6.532.
According to an unaudited report of the holding on the website of the Warsaw Stock Exchange, its revenue over the past year decreased by 11% – to $21.34 million.
At the end of 2020, KSG Agro increased its gross profit by 2.6 times – up to $6.59 million, and operating profit by 11.8 times – up to $4.87 million.

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PHARM COMPANY DARNITSA STUDYING PROSPECTS OF ENTERING ASIA

Pharmaceutical company Darnitsa is studying the prospects of entering Asian markets, can present competitive products there.
“We are looking at the Asian market, South Asia. These are quite large markets, where we are faced with a powerful Indian and Chinese form, behind which is state protectionism. But we have products with which we can compete,” the press service said citing head of the board of directors of Darnitsa Group Dmytro Shymkiv.
He said that in 2020 the company introduced ten new products to the market, which it represents, including in international markets.
Shymkiv also stressed that Darnitsa supports the initiative of leading Ukrainian pharmaceutical companies to “promote the idea of introducing into the agreement with the EU of the issue of mutual recognition of GMP certificates of pharmaceutical plants.”
“This would make it possible to significantly accelerate the export of Ukrainian pharmaceutical products to European countries. Ukrainian pharmaceutical production meets all European standards, the requirements that are prescribed for Ukrainian companies fully meet European standards,” he said.
Shymkiv noted that Ukrainian pharmaceutical companies in 2020 during the lockdown were able to maintain and increase their presence in European markets.
Commenting on the possibility of launching vaccine production in Ukraine, he noted that Darnitsa studied the issue of investment in the vaccine business in 2018-2019.
“The business of vaccines is different from the business of drugs. In all developed countries, vaccine production is a production where, first of all, the state is the largest buyer,” he said.
Commenting on the possibility of launching the production of vaccines against COVID-19, Shymkiv noted that “the Ukrainian pharma industry can build a plant, invest about $ 10-15 million in it, it will take about 2-2.5 years, but with small volumes it will have to compete with global companies which are already making vaccines.”
“At the end of the year, we will have on the world market about 50 vaccines against COVID-19, which will pass all stages of clinical trials. Therefore, the question is how to integrate into this process,” he said, stressing that the negotiation process with Western and Eastern companies continues.
Darnitsa pharmaceutical company is the leader of the Ukrainian pharmaceutical market in natural terms. The company was founded in 1930. The portfolio’s strategic directions are cardiology, neurology and pain management. The beneficiaries of the company are the Zahoriy family.

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