Business news from Ukraine

Business news from Ukraine

UKRAINE EXPORTS 4 MLN TONNES OF GRAIN SINCE START OF NEW 2020/2021 MARKETING YEAR

Ukraine since the beginning of the new 2020/2021 marketing year (MY, July-June) and as of August 12, 2020 had exported 3.995 million tonnes of grain and legumes, which is 1.1 million tonnes less (due to corn) than on this date in the past MY.
According to the information and analytical portal of the agro-industrial complex of Ukraine, to date, 2.26 million tonnes of wheat (131,000 tonnes more), 1.23 million tonnes of barley (133,000 tonnes less) and 499,000 tonnes of corn (1.1 million tonnes less) had been exported.
As of August 12 of this year, 24,200 tonnes of flour had been also exported.
As reported, Ukraine exported a record 57.2 million tonnes of grain, legumes and flour in the 2019/2020 MY, which is 13.5% more than in the previous MY.

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KAZAKHSTAN TO BEGIN PASSENGER FLIGHTS WITH UKRAINE

Kazakhstan will start resuming passenger flights to and from a number of countries on August 17, the Kazakh Industry and Infrastructural Development Ministry said on Wednesday. “Starting on August 17, 2020, there will be phased resumption of international flights to the United Arab Emirates, the Republic of Belarus, Germany, the Netherlands, Egypt, Ukraine, and the Russian Federation,” the ministry said.
The decision was made on August 11 by the interagency commission for coronavirus response with due account of the epidemiological situation reflected by the World Health Organization (WHO)’s chart.
The ministry noted that Kazakhstan’s agreement with the aviation authorities of the aforesaid countries was “preliminary.”
“The aforesaid countries support the resumption of flights to and from Kazakhstan in compliance with sanitary and epidemiological requirements (thermometry, social distancing, masks, and PCR testing),” the ministry said.
‘Please note that flights to Russia will require permission from the Russian side,” it said.
The number of flights will be established on the basis of current intergovernmental agreements on air travel depending on the commercial load of aircraft on each of the routes.

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BUS CARRIER FLIXBUS STARTS ROUTES TO WARSAW AND POLISH RADOM

Bus operator FlixBus launches trips on the route Kyiv-Warsaw, with stops in Zhytomyr, Rivne and Radom (Poland). According to the press service of the carrier, Kyiv-Warsaw buses depart from Kyiv at 16:00 on Wednesday and Saturday from the bus station Kyiv (32 Symona Petliury Street), at 15:30 on Tuesdays from Warsaw from the bus station Warszawa Zachodnia.
The company notes that all FlixBus lines have increased safety and hygiene standards. In particular, one must wear a protective mask in the bus, covering the nose and the mouth, and buses are disinfected in a professional way after each trip.
The carrier also reminds its customers to carefully check the rules of entry into the destination country.
In total, 11 FlixBus lines are currently operating in Ukraine: nine international (Odesa-Prague- Plzeň, Kyiv-Krakow-Prague, Kyiv-Warsaw, Kyiv-Vilnius, Kyiv-Krakow-Rostock, Kyiv-Cologne, Kyiv-Karlsruhe, Kyiv- Stuttgart, Kyiv-Budapest-Vienna) and three internal ones (Kyiv-Odesa-Zatoka, Kyiv-Lviv, Kyiv-Uzhgorod).

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NEW INDUSTRIAL PARKS WILL BE REGISTERED IN DNIPROPETROVSK REGION OF UKRAINE

Two new industrial parks are to be opened in Dnipropetrovsk region, Head of Dnipropetrovsk Regional Administration Oleksandr Bondarenko has told the Interfax-Ukraine agency.
“We have three potential sites. Preliminary agreements have already been reached upon one of them. There is an estimate of the cost of lacking utilities and a fully developed algorithm for opening and registering an industrial park. We know what type of business to invite to enter these sites. There is a list of 15-20 companies that are interested in launching production processes,” Bondarenko said.
A managing company will be identified in the near future, ensuring the project launch and ongoing management.
According to the head of the regional state administration, the technological cluster previously opened in Pavlohrad (Dnipropetrovsk region) has not yet been filled with production facilities, hence it is difficult to attract business to the park.
“When visited, it turned out that there were no proper utilities. It is difficult to attract business to launch production in the technological park, which is not connected to water, electricity, and sanitation services. The platform should be ready to host the business. It is one of the key functions of the technological park,” Bondarenko said.
He added that now the relevant parliamentary committee is considering a draft law providing for the increase of tax preferences for technological parks, in particular, the abolition of VAT and duties on import of raw materials and equipment into the territory of the industrial park, as well as profit tax for five years.
“Hopefully, in the fall, it [the draft law] will enter the session hall and will be adopted. Industrial parks are growth points for the economy. Their launch and the reconstruction of the airport, so that it would be possible to accept even the largest passenger planes, will bring the economy of the region to a fundamentally new level,” Bondarenko added.

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UKRAINIAN BANKS’ CASH EXCHANGE RATES TODAY

Ukrainian banks’ cash exchange rates today

©Source: Interfax-Ukraine

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UKRAINIAN AUTHORITIES ALLOW PRIVATIZATION OF NAFTOGAZ, UKRZALIZNYTSIA, UKRPOSHTA

The Cabinet of Ministers on Wednesday intends to consider a bill on the list of 188 companies prohibited from privatization, according to the agenda of the government meeting. According to the text of the bill, the government allows the privatization of up to 50% of the shares of Naftogaz, Ukrzaliznytsia and Ukrposhta, but proposes to retain the state’s 100% share of corporate rights in National Nuclear Generating Company Energoatom, PrJSC Ukrhydroenergo, NEC Ukrenergo , Skhidny Ore Mining and Processing Plant (VostGOK), and Ukrainian Sea Ports Authority (USPA).
It is also proposed to include the SE Market Operator and the SE Guaranteed Buyer, created by the Cabinet of Ministers in 2019 in order to ensure the operation of the new electricity market, in the list of objects completely prohibited for privatization.
In addition, it is proposed to include in the specified list the state-owned enterprise Document, Ukraina Printing Plant for the production of securities, Kyiv offset factory, and Pivdenne (Yuzhne) Design Bureau.

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