Business news from Ukraine

Business news from Ukraine

UKRAINE STARTS SOWING SOYBEANS IN SEVEN REGIONS – MINISTRY

KYIV. April 10 (Interfax-Ukraine) – Ukraine as of April 7 sowed first 4,000 ha in seven regions with soybeans with the target of 1.9 million ha, Ukraine’s Agricultural Policy and Food Ministry has reported.
According to a posting on the ministry’s website, sowing of sugar beets continues: 158,000 ha or 54% of the target was sowed, and sunflower seeds were sowed on 348,000 ha or 6% of the target.
Spring crops had been sowed on 2 million ha or 83% of the target. Some 134,000 ha or 70% of the target was sowed with spring wheat, 1.4 million ha or 79% of the target with spring barley, 163,000 ha or 78% of the target with oats and 339,000 ha or 123% of the target with peas.
The ministry said that application of fertilizers to winter crops will be finished soon: fertilizers were applied to 7.06 ha or 99% of the target.
As reported, referring to the ministry, spring crops will be sowed on 7.2 million ha in 2017, including 2.4 ha with early crops.

GOVERNMENT APPROVES PROJECT TO BUILD RAW DISPOSAL COMPLEX AT KHMELNYTSKY NPP

KYIV. April 10 (Interfax-Ukraine) – Ukraine’s Cabinet of Ministers has approved a project to build a radioactive waste (RAW) disposal complex at Khmelnytsky nuclear power plant (NPP) with the total cost of UAH 1.164 billion.
The decision is outlined in government resolution No. 240-r dated April 5, 2017 published on the government’s portal.
The cost of construction works is estimated at UAH 68.865 million, equipment – UAH 888.821 million and other expenses – UAH 206.685 million.
It will take 20 months to build the complex, including 17 months for the first phase and three months for the second phase.
Energoatom is the operator of all four Ukrainian-based operating nuclear power plants, which have 15 VVER reactors with an overall generating capacity of 13.835 gigawatts.

UKRENERGO TO COMPLETE BUILDING NOVO-ODESKA-ARTSYZ POWER GRIDS BY 2020

KYIV. April 7 (Interfax-Ukraine) – Ukrenergo plans to complete the construction of the 330 kV Novo-Odeska-Artsyz power grids by 2020.
According to the press service of the state enterprise, it started the work on the project in the middle of the 2000s, but construction was suspended.
“Our calculations related to the work of the Moldovan state regional power station and the energy center, as well as geopolitical changes show that it is necessary to accelerate the pace and, if possible, complete the construction of the Novo-Odeska-Artsyz power grids by 2020,” Ukrenergo Head Vsevolod Kovalchuk said.
According to him, to implement the project it is planned to attract investments from international financial organizations, in particular, the European Bank for Reconstruction and Development.
As reported, Ukrenergo in 2007 estimated the cost of building the Novo-Odeska-Artsyz power grids with a cable passage through the Dnistrovsky firth at UAH 450 million.

RYANAIR FIRST TO START SELLING TICKETS FOR CONNECTING FLIGHTS IN WINTER

KYIV. April 7 (Interfax-Ukraine) – Leading European low cost airline Ryanair (Ireland) for the winter navigation schedule of 2017-2018 would first allow buying tickets for own connecting flights and flights of other airlines, while earlier it was possible to buy only point-to-point tickets.
According to a posting on the website of the Irish Stock Exchange, the airline is ready to offer auto check-in for both flights once return seats are booked.
The airline intends to set lower prices of tickets and open new bases (Frankfurt Main, Naples).
As reported, Ryanair in October 2017 intends to launch its flights for four destinations flying from Kyiv and seven from Lviv.
Ryanair Chief Commercial Officer David O’Brien said at a briefing in Kyiv on Wednesday that flights to Eindhoven, London, Manchester and Stockholm will be launched from Kyiv. It is planned to service 15 flights a week.
From Lviv Ryanair will fly to London, Eindhoven, Berlin, Memmingen, Krakow, Wroclaw and Budapest.

KUWAIT INTERESTED IN BUYING ELECTRIC BUSES FROM ELECTRON CORPORATION

KYIV. April 7 (Interfax-Ukraine) – Investors from Kuwait intend to buy electric buses manufactured by Lviv Corporation Electron, the press service of Lviv Regional State Administration said on its website.
The corresponding intentions were announced by the director general of J&N General Trading&Contracting Co at a meeting with Chairman of Lviv Regional State Administration Oleh Syniutka and Deputy Minister of Economic Development and Trade of Ukraine Mykhailo Tytarchuk in Lviv.
“Electron has a long and positive history of development. And the products it sells in the market, including electric transport, are extremely competitive,” Syniutka’s press service said.
Tytarchuk, in turn, promised the investor to support in investing in the Ukrainian economy, and especially in Lviv region as the most powerful region, and noted that today the opportunities of both countries are not used in full.
According to the Kuwait official, his state is interested in investing in the development of health tourism, as well as the use of mineral waters of Lviv region.

UKRAINE OFFERS COOPERATION IN UAV CREATION, CYBER SECURITY TO CHILE

KYIV. April 7 (Interfax-Ukraine) – Ukraine is interested in establishing defense cooperation with Latin America countries. Chile is considered among potential partners.
The press service of Ukroboronprom State Concern reported that the opportunities of establishing cooperation with Chili were discussed during negotiations of a Ukrainian delegation with Defense Minister of Chile Jose Antonio Gomez at the LAAD 2017 Defence & Security exhibition in Rio de Janeiro (Brazil).
“The main topic of the meeting was Chile’s cooperation with Ukraine in the unmanned aerial vehicle (UAV) sphere, aircraft building and cyber security. Further steps and needs of the two sides were determined and the principles of further cooperation were discussed at the meeting,” the concern said.
According to the report, the prospects of establishing regional cooperation will be discussed with official representatives of national institutions and military agencies of Latin America countries at LAAD 2017.
LAAD International Exhibition and Conference on Aerospace & Defence Techology has been held in Rio de Janeiro since 1997 once in two years. Britain’s Reed Exhibitions organizes the exhibition in cooperation with the Defense Ministry of Brazil.
According to the organizers, around 37,000 specialists, 195 official delegations from 85 countries are taking part in LAAD 2017 Defence & Security held on April 4 through April 7.