Business news from Ukraine

Business news from Ukraine

UKRAINE EXPORTS 50.4 MLN TONNES OF GRAIN AND FLOUR

Ukraine saw a record high export of 50.4 million tonnes of grain, leguminous crops and flour in the 2018/2019 marketing year (MY, July 2018 through June 2019), which was 23% more than on the same date of the previous MY.
The Agrarian Policy and Food Ministry reported with reference to the State Fiscal Service, that maize exports totaled 29.82 million tonnes, shipments of wheat and wheat-and-rye blends abroad totaled 15.6 million tonnes, while 3.7 million tonnes of barley and 87,800 tonnes of rye were exported during the reporting period.
Some 301,280 tonnes of flour were also exported by the said date.
As reported, Ukraine in MY 2017/2018 exported 40.9 million tonnes of grain and flour.
According to the Agrarian Policy and Food Ministry, Ukraine exported 1 million tonnes of grain and leguminous crops and 10,500 tonnes of flour from July 1, when the new 2019/2020 marketing year started, to July 12, 2019.

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METINVEST JOINS DUTCH ASSOCIATION OF METALLURGICAL INDUSTRY

Metinvest B.V. (the Netherlands), the parent company of the international vertically integrated mining and metallurgical group Metinvest, has become a member of the Dutch Association of Metallurgical Industry (VNMI). According to a press release from the company, the trade association of Dutch producers of raw materials, semi-finished goods and finished steel products VNMI was established in 2000, uniting more than 80% of the players in the steel industry in the Netherlands.
The association represents Dutch steelworkers in European business associations in The Hague and Brussels. VNMI focuses on four areas: health and safety, energy and climate, sustainability and corporate social responsibility, trade and innovation.
It is noted that Metinvest Group has been developing these areas since its creation. The company supports global initiatives and participates in international environmental projects. In 2010, Metinvest joined the UN Global Compact.

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JUSTICE MINISTRY REGISTERS UKRAINIAN STATE CUSTOMS SERVICE

The State Customs Service on July 16 was registered in the unified state register of legal entities, individual entrepreneurs and public organizations of the Ministry of Justice. “When you enter the register and you are happy. Today Maksym Nefyodov [the head of the State Customs Service appointed as a result of a tender] has registered the State Customs Service,” Finance Minister Oksana Markarova said on Facebook.
As reported, on July 13 Nefyodov completed his work as deputy minister of economic development and trade and from July 15 began to serve as head of the customs service.
The government of Ukraine in December 2018 decided to divide the State Fiscal Service into the State Customs Service and the State Tax Service. The State Tax Service was registered earlier, and the creation of the State Customs Service was delayed because of contesting the tender for the head of the department in court.

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PRESIDENT OF UKRAINE PLANS TO TAKE PART IN QUALIFYING TO HOST OLYMPIC GAMES

President of Ukraine Volodymyr Zelensky has ordered that a strategic plan be developed for qualifying to host the Olympic Games in Ukraine. “We need a plan, let’s say, that we are ready to build in 3-4 years and then we can get in line to host the Olympics. We must be ambitious,” Zelensky put the corresponding task during a conversation with Minister of Youth and Sports Ihor Zhdanov and President of the National Olympic Committee of Ukraine Serhiy Bubka on the territory of the State Enterprise Olympic Educational and Sports Center Koncha Zaspa on Tuesday.
According to the head of state, now we need to develop a sports infrastructure which can then be used for the Olympic Games.
“We should give a task to our guys, who are looking for investments, give a task to our budget, to allocate money annually to the objects we need, and then will be used for the Olympics. At least, we must try to achieve this,” Zelensky said.
For his part, Bubka noted that the upcoming Olympic Games for which Ukraine can apply is the 2030 Winter Olympics or the 2032 Summer Olympics.
At the same time, President of the National Olympic Committee of Ukraine noted that it would be more real if we host some of the following Winter or Summer Youth Olympic Games in our country.

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AEROHANDLING FROM UKRAINE PLANS TO EXPAND SCOPE OF ITS WORK TO EUROPEAN AIRPORTS

Aerohandling LLC, engaged in ground service at Boryspil airport (Kyiv), plans to expand the scope of its work towards serving flights at major regional airports in Ukraine and Europe, director general of Aerohandling Oleh Holokhvastov has said in an interview with Interfax-Ukraine.
“We plan enter foreign and Ukrainian regional airports. We are now preparing the company’s development strategy and conducting preliminary calculations. It’s too early to talk about specifics, as we are in the process of making a decision. We consider major airports in Ukraine and Europe. We plan to start talks this year,” he said.
In addition, the company plans to continue developing its facilities in Boryspil: to master the maintenance and transportation of cargo from the aircraft to the warehouse, to work with express mail and express deliveries.
The plans of Aerohandling also include building our own technical base in the restricted area of the airport.
Aerohandling LLC provides ground handling services at Boryspil International Airport.

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FREIGHT TRANSPORTATION ON DNIPRO RIVER INCREASES BY 42%

Freight transportation on the Dnipro river in January-June 2019 increased by 42% compared to the same period in 2018, to 4.2 million tonnes.
As the Rivers of Ukraine Association reported on Facebook with reference to the Sea Ports Authority of Ukraine, the number of ship passages along the Dnipro decreased by 23%, to almost 4,500 voyages.
Transportation of metals in January-June increased by 45%, to 647,000 tonnes, grain shipments rose by 115.2%, to 1.722 million tonnes, those of building materials and other goods by 7.5% to nearly 1.819 million tonnes. At the same time, fuel transportation decreased by 51%, to 13,000 tonnes.
As reported, 16.5 million tonnes of freight was transported by river in Ukraine in 2018. Freight traffic on the Dnipro last year increased by 22.4% from 2017, to about 9.9 million tonnes.
In 2016-2018, transportation of grain freight across the Dnipro grew by 180% and that of construction freight by 130%, according to the Ministry of Infrastructure of Ukraine.
The volume of traffic by inland waterways in 2016-2018 increased by 112% compared with 2013-2015, to 9.9 million tonnes in 2018.

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