Business news from Ukraine

Business news from Ukraine

NOVA POSHTA GLOBAL LAUNCHES CARGO FLIGHTS FROM U.S., CHINA TO LVIV

Nova Poshta Global, part of the Nova Poshta group of companies, has created an additional hub for international shipments in Lviv: it launched charter flights to Lviv airport and opened the second central sorting station.
According to Nova Poshta, the first charter flight from the United States flew to Lviv in early December. On board were more than 15,000 items of the NP Shopping service with a total weight of over 30 tonnes. Nova Posta Global plans to operate flights from the United States regularly, twice a week: one flight to Lviv and one to Kyiv.
In addition, the company plans to carry out charter flights from China both to Lviv and Kyiv. In particular, on December 6, a flight with departures from the Chinese online store AliExpress, on board of which there were 60,000 parcels with a total weight of 20 tonnes, already arrived at Boryspil International Airport.
“Soon we expect the arrival of two more flights, which will deliver about 20 more tonnes of cargo,” the company said.
Previously, the company’s flights with international departures arrived only at Boryspil airport, and went through customs clearance and sorting at the central station in Kyiv.
Since the beginning of this year, Nova Poshta Global has more than doubled its volumes, delivering 5.7 million shipments: an increase that has put additional strain on the sorting station.

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MTIBU PLACES 72% OF RESERVES ON HRYVNIA DEPOSITS IN STATE BANKS

The Motor (Transport) Insurance Bureau of Ukraine (MTIBU) as of October 1, 2020 placed 72.6% of the hryvnia funds of the centralized insurance reserve fund for protection of road accident victims at four state banks.
According to a report on the MTIBU’s website, there are UAH 324.3 million on deposits in Ukreximbank, UAH 147 million in Oschadbank, UAH 267 million in Ukrgasbank, and UAH 24.750 million in PrivatBank.
In addition, Kredobank has UAH 94.2 million on deposits, Credit Agricole Bank some UAH 9.120 million, OTP Bank some UAH 42.9 million, TAScombank some UAH 95.794 million, FUIB some UAH 5.3 million, Alfa-Bank some UAH 7.6 million, and Pravex Bank some UAH 33.7 million.
In addition, as of September 30, 2020, the money of the centralized insurance reserve fund for protection of road accident victims in hryvnia-denominated government domestic loan bonds amounted to UAH 559.3 million and foreign currency government bonds some $ 107.087 million.

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DARNITSA INVESTS EUR10 MLN IN TECHNOLOGICAL PROJECTS IN 2019

The pharmaceutical company Darnitsa invested EUR10 million in technological projects in 2019, Dmytro Shymkiv, the chairman of the board of directors of Darnitsa Group, has said.
“In 2019, we invested EUR10 million in technology projects, research, development and production of new drugs. This is 24% more than in 2018,” he said in an interview with Interfax-Ukraine.
Shymkiv said that the structure of Darnitsa’s investments includes three areas: about 48% is investment in new products, 34% in technological development and 16% in digitalization.
Darnitsa invested EUR 2.33 million in digitalization, and more than EUR 30 million in new products in 2015-2019.
He noted that in 2020, Darnitsa launched nine new products in therapeutic areas such as cardiology, neurology, mental health, and completed eight bioequivalence studies of its drugs in the EU, six more studies are ongoing.

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UKRAINE EXPORTS 22.3 MLN TONNES OF GRAIN

Since the beginning of the new 2020/2021 marketing year (MY, July-June) and as of December 7, Ukraine has exported 22.3 million tonnes of grains and legumes, which is 4 million tonnes less than on the same date of the last MY.
According to the information and analytical portal of the agro-industrial complex of Ukraine, to date, 12.1 million tonnes of wheat (-1.7 million tonnes), 3.71 million tonnes of barley (+ 0.14 million tonnes) and 6.12 million tonnes of corn ( -2.48 million tonnes) have been exported.
As of December 7 of this year, 70,500 tonnes of flour were also exported.
As reported, Ukraine exported a record 57.2 million tonnes of cereals, legumes and flour in 2019/2020 MY, which is 13.5% more than in the previous MY.

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EXPORT OF HONEY FROM UKRAINE IN 2020 REACHED AN ABSOLUTE RECORD

Export of honey from Ukraine in 11 months of 2020 reached an absolute record – 69,084 tonnes with a total value of $117.5 million, national consultant to the Food and Agriculture Organization of the United Nations (FAO) Hanna Burka has said.
“There is less than a month left before the start of the New Year 2021, but there is already a record for the export of honey. Its export from Ukraine in 11 months of 2020 reached an absolute record – 69,800 tonnes for a total of $117.5 million. The previous record was set in 2017 – 67,800 tonnes ($133.9 million),” she wrote on her Facebook page.
According to the expert, high demand for Ukrainian honey is observed from the countries of the European Union. It is due to a number of reasons: uncertainty with the further development of the situation with COVID-19, respectively, the active formation of residues for the entire 2020/21 season; poor honey harvest in the EU: according to preliminary estimates, its harvest fell by 40% due to unfavorable weather conditions.
Ukraine in 2019 exported 49,740 tonnes of honey (12 months), in 2018 – 41,740 tonnes.

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IFC MAY ALLOCATE $55 MLN TO ZAPORIZHIA TO IMPROVE ENERGY EFFICIENCY

The International Finance Corporation (IFC) may provide Zaporizhia with a $55 million long-term loan to finance a package of initiatives aimed at improving energy efficiency, infrastructure development and transport logistics.
The board of directors plans to consider this project on February 15, 2021, the bank said on its website.
IFC plans to provide Zaporizhia with up to EUR 36.7 million of a loan from its own funds and to organize another EUR 18.3 million through the Managed Co-Lending Portfolio Program (MCPP).
It is assumed that the funds will be used for the installation of an intelligent traffic control system, street lighting and modernization of control centers, the purchase of electric buses, trolleybuses and related infrastructure, (reconstruction of traction equipment, substations, the purchase of road construction and cleaning equipment, as well as the reconstruction of roads and the development of public parks.
In addition, IFC will help develop a Smart City 2.0 strategy for Zaporizhia

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