Business news from Ukraine

Business news from Ukraine

SKHIDNY MINING, CHINA’S CNEIC DISCUSS COOPERATION IN DEVELOPING NOVOKOSTIANTYNIVSKE URANIUM FIELD

KYIV. Nov 10 (Interfax-Ukraine) – Skhidny Mining state enterprise (Zhovti Vody, Dnipropetrovsk region) and representatives of China Nuclear Energy Industry Corporation (CNEIC) have discussed prospects of cooperation in the realization of the investment project on developing the Novokostiantynivske uranium field, the press service of Skhidny Mining has reported.

The press service said that representatives of the Chinese corporation visited the enterprise at the end of October.

“The discussion of ways to realize the project on developing the Novokostiantynivske field and the possibility of signing the agreement of cooperation was continued by the representatives of the Chines delegation on October 30 at a meeting in Nuclear Fuel state enterprise,” the company said.

As reported, Skhidny Mining saw a 0.4% rise in uranium concentrate production in 2014, to 925.7 tonnes.

Skhidny Mining is the only uranium ore producer in Ukraine and the largest one in Europe. The annual demand of the Ukrainian nuclear power industry for uranium totals 2,400 tonnes, and in 2015 the company plans to produce 1,200 tonnes.

 

UKRAINE, UAE CONFIRM PLANS TO EXPAND AVIATION COOPERATION AT 2015 DUBAI AIRSHOW

KYIV. Nov 10 (Interfax-Ukraine) – Ukraine and the United Arab Emirates (UAE), during the 2015 Dubai Airshow, agreed to continue discussion on their aviation partnership potential in the near future in Kyiv at the governmental level, Deputy Economic Development and Trade Minister of Ukraine Ruslan Korzh has said.

“In the afternoon we had a meeting with a high-ranking official from the UAE government to discuss joint projects. The result is: we’re sending potential projects within one month, then we will accept a delegation in Ukraine and reach a concrete result,” he wrote on his Facebook page on Monday.

“The quotations from our counterpart: “you have phenomenal engineers; they could create, in the truest sense of the word, whatever one likes. However, you cannot organize it in the project that could give a result,” he wrote, adding “Would you be stuck with the shame? I was. And we will change it.”

Korzh said that as a part of the ongoing cooperation with Ukraine’s Emirati partners he also visited the servicing center of public joint-stock company Motor Sich in Sharjah, and another international company which employs over 200 Ukrainian engineers, technicians and pilots.

“The UAE have created a favorable business climate. One can learn a lot here,” he said.

The Dubai Airshow has been held once every two years since 1989. It is the largest airshow in the Middle East.

Ukraine, represented by its leading designer and manufacturer of aircraft Antonov State Enterprise (Kyiv), is exhibiting an An-178 new transport aircraft with a transport capacity of up to 18 tonnes. An-132 light multipurpose aircraft with a transport capacity of 9.2 tonnes which are being manufacturing under the order of Saudi Arabia, and the An-148/158 regional next generation jet family are also being presented at the exhibition.

TRIPADVISOR TOURISTS’ ONLINE RESOURCE PLANS TO EXPAND ACTIVITIES TO ALL OF UKRAINE – PUBLIC OFFICIAL

KYIV. Nov 10 (Interfax-Ukraine) – The Economic Development and Trade Ministry of Ukraine has held its first talks with the largest global tourists’ online resource TripAdvisor on the expansion of its operation to cover the entirety of Ukraine, Advisor to the Economic Development and Trade Minister of Ukraine Ivan Liptuha has said.

“Today, we held the first talks on expansion of partnership to all of Ukraine in the London office of TripAdvisor,” he wrote on his Facebook page.

Liptuha said that three years ago, the Tourism of Odesa association signed an agreement with TripAdvisor for an unbiased appraisal of hotels and restaurants in Odesa, with the association also receiving analytical materials.

Every year, on September 27, the city and the association issues awards to the top ten hotels, restaurants and attractions under the TripAdvisor rating, he said.

Liptuha said that expansion of the partnership with TripAdvisor to cover all of Ukraine would mean that statistics and analysis of online resources would be used to ensure unbiased ratings on the basis of the real feedbacks of guests.

Additionally, it is planned to launch the Ukrainian language version of www.tripadvisor.ua and integrate its tools with the national tourist portal, he said.

Liptuha noted that the expansion of cooperation will include seminars for hoteliers and restaurateurs on optimizing their sales, increasing feedback, and to award the best hotels, restaurants and attractions under the TripAdvisor rating.

UKRAINE INCREASES EXPORTS OF PORK BY 3.8 TIMES, POULTRY EXPORTS 4% DOWN IN TEN MONTHS

KYIV. Nov 9 (Interfax-Ukraine) – Ukraine in January-October 2015 exported 23,795 tonnes of pork, which is 3.8 times more than in the same period in 2014.

According to customs statistics made public by the State Fiscal Service of Ukraine, in monetary terms exports of these products during the first ten months of the year was $49 million.

Pork imports amounted to 3,442 tonnes against 28,500 tonnes a year earlier. In monetary terms imports for the ten months 2015 totaled $7.631 million.

Exports of poultry and by-products decreased by 4%, to 136,902 tonnes. Poultry exports amounted to $193.324 million.

At the same time, imports amounted to 47,312 tonnes ($30.616 million), which is 0.47% higher than in January-October 2014, which amounted to 47,090 tonnes worth $45.7 million.

UKRAINE EXPORTS ELECTRICITY FOR $126 MLN, IMPORTS FOR $77 MLN IN TEN MONTHS

KYIV. Nov 9 (Interfax-Ukraine) – Ukraine in January-October 2015 exported electricity worth $125.689 million, in particular in October for $9.298 million.

According to the State Fiscal Service, Hungary in the ten months this year was supplied electricity worth $121.797 million, Poland for $1.672 million, Slovakia for $1.115 million, other countries for $1.105 million.

In January-October 2014 Ukraine exported electricity worth $433.559 million, in particular to Hungary for $194.308 million, Belarus for $161.211 million, Moldova for $47.397 million, other countries (Poland, Slovakia and Romania) for $40.643 million.

In addition, in January-October 2015 Ukraine imported electricity worth $76.981 million, in particular, imports from Russia cost $76.974 million, from Moldova $7,000.

In October 2015 Ukraine imported Russian electricity for $4.279 million.

 

OSCHADBANK ACTS AS GUARANTOR FOR CONTRACTS BETWEEN FARMERS, BTG PACTUAL COMMODITIES (UKRAINE)

KYIV. Nov 9 (Interfax-Ukraine) – State-controlled Oschadbank (Kyiv) has acted as a guarantor of the agreements between Ukrainian agrarians and BTG Pactual Commodities (based in Ukraine and part of the international Brazilian group of companies BTG Pactual), which specializes in the purchase of agricultural products in Ukraine, according to a press release issued by the bank.

According to the report, in the third quarter of this year the bank provided refund guarantees for advance payments in the amount of $3 million for small, medium, and large sized agribusinesses.

“One of the priority problems of agribusiness is the difficulty in small and medium agricultural producers obtaining sufficient funding inside and outside the country. Therefore, the successful implementation of such transactions is not only an effective instrument to attract the necessary funds for agricultural producers but also the means to stimulate the inflow of foreign currency earnings to Ukraine,” the bank said.

BTG Pactual financial company was founded in Brazil in 1983. It is involved in investment banking, capital and asset management, and has offices in four continents.