Business news from Ukraine

Business news from Ukraine

FLOW ENERGY FROM GREECE INTERESTED IN UKRAINIAN ELECTRONIC OIL AND GAS AUCTIONS

The Greek energy company Flow Energy & Environmental Operations S.A. is interested in Ukrainian electronic oil and gas auctions and is ready to invest up to EUR 1.2 million in hydrocarbon deposits, Ukraine’s State Service of Geology and Subsoil has reported.
According to the service, the energy company got acquainted with the primary and secondary geological information on five fields, auctions for which are scheduled for June 18.
“Our company intends to take part in the next auction. Despite the fact that we are a small company, we are interested in five oil and gas deposits with a total cost of more than EUR 1 million. I hope that this is only the beginning and we will be active participants in the Ukrainian energy market,” the press service said citing the president of the Greek company, Tereza Fokianou.
The service noted the low level of participation of foreign companies in oil and gas auctions, but said they were working to attract foreign investors.

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UKRAINE INTERNATIONAL AIRLINES STARTS COOPERATION WITH DUTY FREE AMERICAS

Ukraine International Airlines (UIA, Kyiv) has announced the launch of a strategic partnership with the U.S. network of duty free shops Duty Free Americas (Florida), UIA Vice President Serhiy Fomenko and the vice president of Duty Free Americas have said at a press conference at Boryspil International Airport (Kyiv).
According to them, in particular, UIA and Duty Free Americas are launching a pre-order duty free service.
Fomenko said the pre-order duty free service will provide passengers with the opportunity to order duty free goods not at the airport but online, along with an invitation to check-in.
There will be 5,000 goods in the catalog. It will be available to passengers on the airline’s website in July 2019.
Duty Free Americas is a network of duty free shops in the United States, Mexico and Latin America. It was founded in 1983 and is based in Hollywood (Florida, the United States). Previously, the company was known as World Duty Free Americas, and was renamed Duty Free Americas in October 2001.

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KYIV PLANS TO BUILD WASTE RECYCLING PLANT

It is planned to build a waste recycling plant with a total annual capacity of 700,000 tonnes of waste in Kyiv, which will also sort waste, the press service of the Kyiv City Administration has reported.
“The city plans to build a waste recycling complex, which will have a total annual processing capacity of 700,000 tonnes and will include a sorting stage,” the administration said.
According to Deputy Chairman of the Kyiv City Administration Petro Panteleyev, Kyiv has clear plans for gradually quitting the technology of waste disposal as obsolete and environmentally dangerous one.
He also recalled that the National Waste Management Strategy was adopted in October 2017, and the National Plan in February 2019.
“The updated legislative base works only a few months. Nevertheless, the Kyiv city is preparing its own regional waste management plan for Kyiv. This is a comprehensive document, being agreed with the Regional Development, Construction, Housing and Utilities Economy Ministry and the Ecology and Natural Resources Ministry,” the deputy head of the administration said.
In addition, Panteleyev said that Kyiv had refused placing a waste recycling plant near combined heat and power plant 6 (CHPP-6) in Troyeschyna district (Desniansky district of Kyiv).
“I want to immediately say that there was no speculation and gossip. The city refused to build a waste recycling plant near CHPP-6,” the deputy head of the administration said.

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DELIVERY COMPANY NOVA POSHTA OPENS OVER 700 NEW DEPOTS IN UKRAINE

The Nova Poshta Group in January-May 2019 opened over 700 new depots, including 573 in small localities, Nova Poshta Director Oleksandr Bulba said at a briefing at Dunapack Ukraine plant (Oleshky, Kherson region) on Tuesday.
The number of depots of the company increased to 3,400.
In January-May, the company delivered over 81 million parcels, which is 23% more than during the same period last year. At the same time, 67 million parcels were delivered in depot-depot mode. At the same time, door-to-door delivery for this period also increased by 34%.
In addition, in five months, Nova Poshta delivered more than 1 million parcels from abroad. Shipping from the United States and Europe grew by 27%.
“We plan to develop international delivery further,” Bulba said.
According to the press release of the company spread at the briefing, the foreign representative offices of Nova Poshta in Georgia and Moldova are also actively developing: in Moldova, the number of shipments in January-May doubled compared with the same period last year, and in Georgia it grew by 30%.
The average NPS (Net Promoter Score) in Ukraine at the end of May was 78%.
In the first five months of 2019, the Nova Poshta Group transferred more than UAH 1.75 billion of taxes and duties to the budget of Ukraine.

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EBRD STRATEGY IN LINE WITH PRIORITIES OF UKRAINE CAN WORK MORE EFFICIENTLY – VOLODYMYR ZELENSKY

President of Ukraine Volodymyr Zelensky at a meeting with the delegation of the European Bank for Reconstruction and Development (EBRD), led by its president Suma Chakrabarti, has assured that bilateral cooperation will be intensified and will become more efficient. “We thank you for being here and thank you for being the largest investor in Ukraine. I want to assure that we will extend our cooperation,” Zelensky said at the meeting.
He stressed that the strategy of the EBRD is fully consistent with the priorities of Ukraine, and expressed conviction that Ukraine and the bank together can work more efficiently. Zelensky noted that the country appreciates cooperation with the international partners: the EBRD, the World Bank and the International Monetary Fund.
The president noted he had already met with the representatives of the IMF, at which Ukraine’s progress in fulfilling its obligations under the Stand-By Arrangement was noted. According to Zelensky, the parties discussed the issue of continuing cooperation.

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MAJOR EXPORTS OF TITANIUM ORE FROM UKRAINE ARE MADE TO EGYPT, MEXICO, CZECH REPUBLIC

Ukraine in January-May 2019 increased exports of titanium containing ore and concentrate in kind by 6.1% compared to January-May 2018, to 257,369 tonnes. According to customs statistics released by the State Fiscal Service, over the period exports of titanium ore and concentrate in monetary terms increased by 23.5%, to $62.121 million.
Major exports were made to Egypt (19.94% of deliveries in monetary terms), Mexico (16.52%), and the Czech Republic (14.72%).
Ukraine in January-May 2019 imported 243 tonnes of similar products worth $171,000 from Senegal, while in January-May 2018 it imported 15,457 tonnes of titanium ore and concentrate worth $2.854 million from Senegal.
As reported, Ukraine in 2018 increased exports of titanium containing ore and concentrate in kind by 2.7% compared to 2017, to 599,494 tonnes. Last year exports of titanium ore and concentrate in monetary terms increased by 19.5%, to $125.722 million. Major exports were made to the Czech Republic (19.41% of deliveries in monetary terms), Turkey (17.96%), and Russia (15.68%).
Ukraine in 2018 imported 15,874 tonnes of similar products worth $3.142 million from Senegal and Mozambique, while in 2017 it imported 202 tonnes of titanium ore and concentrate worth $143,000 from Senegal (87.41%), Finland (10.49%), and Iran (2.1%).
Vilnohirsk state mining and metallurgical combine (Dnipropetrovsk region), Irshansk state mining and processing combine (Zhytomyr region), Valki-Ilmenite and Mezhdurechensk Mining and Concentration Complexes (both are located in Irshansk, Zhytomyr region) are the main producers of titanium ore in Ukraine.
Dnipro-based Velta production and commercial firm built a mining and processing complex at the Birzulivske ilmenite deposit, which has a 240,000-tonne ilmenite concentrate capacity per year.
Holding company Velta Group Global Ltd. was registered in London in November 2011.

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