Business news from Ukraine

Business news from Ukraine

AGRICULTURAL MACHINERY MAKER FROM UKRAINE WILL PRODUCE LUNG VENTILATORS

Avers-Agro agricultural equipment manufacturer in connection with the coronavirus pandemic launches production of lung artificial ventilation devices.
The company told the Interfax-Ukraine agency that production of ventilators was established as part of an international project.
“Our company participates in an international project together with manufacturers from Italy and Germany: there the devices have already been licensed. We adapted our devices a little for the Ukrainian market. This week we will release the first ten ventilation machines and at the end of the week we submit documents to the State Service of Ukraine on Medicines and Drugs Control for registration,” the company said.
Avers-Agro also emphasized that several private clinics were already interested in the devices.

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FIRE NEAR CHORNOBYL TOTALLY EXTINGUISHED

The fire beds near the resettled towns of Prypyat and Chornobyl in the exclusion zone of the Chornobyl nuclear power plant have been extinguished, there is no smoldering now, said speaker of the Main Directorate of the State Emergency Situations Service in Kyiv region Viktoriya Ruban.
“Indeed, there were fire beds near Prypyat and Chornobyl, but everything was localized, extinguished and at the moment there is not even smoldering there,” she said on the Ukraine 24 TV on Wednesday.
Spokesperson of the regional department of State Emergency Service added that the houses of the settlers, who live in the exclusion zone, have not been damaged following the fire.
According to her, the fire really came closer to the villages where people lived, but these houses have been saved.

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UKRAINE EXPORTS 48 MLN TONNES OF GRAIN SINCE START OF MARKETING YEAR

Ukraine since the beginning of the marketing year 2019/2020 (MY, July-June) and as of April 15, 2020 had exported 48.14 million tonnes of grain and legumes, which is 8.45 million tonnes more than on the same date past MY.
According to the information and analytical portal of the agro-industrial complex of Ukraine, to date, the country has exported 18.35 million tonnes of wheat, 24.6 million tonnes of corn, and 4.52 million tonnes of barley.
As of April 15 of this year, some 285,920 tonnes of flour had been also exported.
As reported, Ukraine in the 2018/2019 MY exported a record 50.4 million tonnes of grain, legumes and flour, which is 23% more than in the previous MY.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 15/04/20

National bank of Ukraine’s official rates as of 15/04/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF APRIL 15

Official rates of banking metals from national bank as of April 15

One troy ounce=31.10 grams

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ANTIMONOPOLY COMMITTEE OF UKRAINE CONTINUES TO CONSIDER CASE ON GOVT AID TO PHILIP MORRIS UKRAINE DUE TO COMPETITOR’S APPEAL

The Antimonopoly Committee of Ukraine (AMC) continues to consider the case on government aid to PrJSC Philip Morris Ukraine, opened on January 3, 2020 due to an appeal from one of its competitors.
According to the information released on the committee’s website, in autumn of 2019, the committee received an application from one of the tobacco producers to verify information on illegal government aid due to the cancellation of the tax obligations previously determined for Philip Morris Ukraine by the State Fiscal Service.
The cancellation of tax obligations is one of the forms of government aid due to the law on government aid to business entities.
“Having received the application, the committee sent a request to the State Fiscal Service in accordance with the law. However, in response, the service provided explanations on the facts of tax obligations cancellation, but did not submit the necessary statement, which is a direct basis for initiating a government aid case,” the committee said.
Currently, the committee is analyzing the information provided by the parties of the case and other persons to make a decision. The committee also drew attention to the fact that the initiation of a government aid case is not the final conclusion about its admissibility or inadmissibility.
Philip Morris International is one of the world’s largest manufacturers of tobacco products. It produces cigarettes in more than 50 factories, sells them in 180 countries.
In Ukraine, the company has been operating for more than 20 years. It manufactures products in a factory in Kharkiv region.