Business news from Ukraine

Business news from Ukraine

“Ukrzaliznytsia” wants to establish passenger services to major cities in Romania

Ukrzaliznytsia JSC (UZ) is negotiating with the Romanian side to implement a project that will extend the connection from the recently opened Valia-Visheului station to major cities in Romania, and continues to develop the connection between Ukrainian regional centers and international destinations, UZ board member Alexander Pertsovsky told Interfax-Ukraine Agency.
“We continue to develop international connections. We have already made the first steps to connect western Ukraine with Romania. So far it is one small station Valya-Visheului, but we are working with the Romanian side to extend messages to major cities on the Romanian side,” – said Pertsovsky.
According to him, there is a wide track (1520 mm) in this direction, on which ordinary Ukrainian cars will be able to pass.
As previously reported, last year UZ repaired sections Rakhiv – Dilove – Valya Visheului (19.2 km of track, 12 bridges), and also held repairs of the station in Rakhiv. This allowed to bring back to life a section of the railroad, which has not functioned since 2011, and to run trains number 755/756 and number 753/754 Rakhiv-Valya-Visheului-Rakhiv. Also, the section at the border with Romania, Teresva – border, which had not functioned since 2007, was repaired. There are also two international crossings between Ukraine and Romania, through which only freight traffic is carried out: Vadul-Siret-Dornesti and Dyakovo-Halmeu.
In general, due to active launching of new international communications, the number of passengers traveling in international directions from Ukraine has increased by 9 times, said Pertsovskyi, without specifying absolute numbers.
He pointed out that the most popular destination is Poland. Every day, UZ receives up to 2 thousand or more requests to buy tickets for the train Kyiv-Warsaw. As reported, to provide more seats, on February 19, UZ launched a service that allows people from Kharkiv to go to Kyiv and Kyiv-Warsaw train to Helm, where passengers can arrive in Warsaw at the same time as the passengers of direct train Kyiv-Warsaw with an interchange. Now there are 8 cars with the occupancy of 95%. In the future there may be up to 10 of them. Also on February 19 UZ started one more train Kharkiv-Peremyshl.
According to Pertsovsky, UZ will continue to develop the direction of communication of the regions in the direction of international destinations.
“We will continue to work with the Polish direction. We see that the routes connecting the same Kharkiv work effectively. We will see to what extent Dnipro, Odessa… Because since the beginning of the war we have got communication with Europe not only the capital, but also Dnipro, Zaporozhye, Odessa, Vinnitsa. And we look at the demand in these directions to assess plans for further development”, – said a member of the board of UZ.

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After long break in Kiev, construction of subway to Vinohrady was resumed

After a long break, the construction of the subway to Vynohradar has been resumed in Kiev.
As the head of the Kyiv subway Viktor Brahinsky said on the air of TSN, the contractor has resumed the construction of a new subway station in Kyiv – Vinohradar: first the consolidation of already built tunnels will be completed, and then will begin construction of the second tunnel from Mostitskaya station to Syrets station.
According to Brahinsky, there is no clear timeline for the completion of the work yet, because the pace of construction is affected by the current situation in the country.
“Of course, the pace of construction is affected by the current situation, because construction crews and everyone involved in the construction during the air alert must be safe. In addition, the unstable power supply slows down the work process. But despite the difficulties arising from the war, the Kiev city authorities and the subway are making every effort to ensure that this project will continue,” – said the head of the subway.
Previously, the capital authorities had promised the citizens to open the first station at the end of 2021, but it did not meet the deadline, and then the war began. According to the previously published project, the Kyiv subway is going to build four new stations from “Syrets” terminus: “Mostitskaya”, “Prospekt Pravda”, “Vinogradar” and “Marshala Grechko Street”.

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French Economy Minister calls on IMF to allocate EUR 15 bln to Ukraine

French Economy Minister Bruno Le Maire on Monday called on the IMF to provide EUR 15 billion in aid to Ukraine and tighten economic sanctions against Russia ahead of the G20 financial meeting this week in India, French Le Figaro writes.
“In addition to the support that Europe provides, in addition to the support that the G7 countries provide, it is important that the IMF mobilizes for Ukraine,” Bruno Le Maire said, marking the “sad anniversary” of the war in Ukraine.
“We are working on the IMF Program for Ukraine, which could amount to about EUR 15 billion over four years,” the French minister said.
According to the publication, citing a source in the IMF, Ukraine will be able to demand financial support, since the Fund believes that the Ukrainian authorities have shown “solid” work within the “Monitoring Program.”
According to the French minister, “economic sanctions are effective” because “they made it possible to almost halve Russia’s oil revenues, they made it possible to completely disrupt Russian production chains, especially in such strategic industries as aviation or automobiles.”
On Friday, February 24, a meeting of finance ministers and heads of central banks of the G20 countries will be held in Bangalore (India).

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Anzahl der offenen stellen zum 01.12.2022 (ths. einheiten)

Anzahl der offenen stellen zum 01.12.2022 (ths. einheiten)

Source: Open4Business.com.ua and experts.news

Japan to allocate $5.5 bln for Ukraine – Japanese Prime Minister

Japan will hold an online G7 meeting on February 24, which will be joined by Ukrainian President Vladimir Zelensky, in addition, Tokyo will allocate $5.5 billion in aid to Ukraine, the Associated Press quotes the statement of Prime Minister of this country Fumio Kishida.
During his speech at a forum in Tokyo, Kishida said that his country will host the first summit of the G7, which will be held on February 24.
He also announced that Japan will provide assistance so that Ukraine can “rebuild daily life and infrastructure.

Large Ukrainian tomato paste producer Agrofusion will resume work at three of its plants

Large Ukrainian tomato paste producer Agrofusion (Agrofusion, Mykolayiv) intends to resume operations of its three tomato processing plants in Mykolayiv and Kherson regions, which were on the front line and were significantly damaged during the hostilities with Russian invaders.
The holding company is tasked with restoring the industry in the region, creating jobs and resuming exports of tomato paste from Ukraine, according to the EastFruit information and analysis platform’s website Monday.
“We built three tomato processing plants in the Mykolaiv region. These plants were among the best in Europe. Our plants are located in Zhovtnevyi (Vitovka – IF) district of Mykolaiv region and in Snegiriv region. These regions were on the front line and suffered a lot,” EastFruit quoted Agrofusion founder and director Sergei Sipko as saying.
He also clarified that now out of 2 thousand employees of the enterprises 400 people are ready to work.
“Agrofusion is a vertically integrated group of companies. Engaged in growing and processing of tomatoes for the producers of juices, ketchups and tomato sauces. Produces tomato paste under the Inagro brand that is represented in 45 countries around the world.
The group was founded in 2005 by businessman Sergei Sypko. It includes three plants (two in the Mykolaiv region, one in the Kherson region) producing tomato paste with a total production capacity of about 750 thousand tons of tomatoes per season, as well as agricultural farms in the Kherson and Mykolaiv regions cultivating over 30 thousand ha of land, and two greenhouse farms.
In 2019, the Group completed construction and put into operation a vegetable drying plant in Snegirevka (Mykolaiv region) and started production of tomato powder.

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