Business news from Ukraine

Business news from Ukraine

KALYNIVKA CUSTOMS TERMINAL OPENED ON BASIS OF EPONYMOUS LOGISTICS CENTER IN KYIV REGION

KYIV. July 13 (Interfax-Ukraine) – The Kalynivka customs terminal has been opened on the basis of the eponymous logistics center in Kalynivka (Vasylkiv district, Kyiv region), the owner of which is Epicenter group of companies (Kyiv).

The terminal will be used to carry out customs procedures at the Sviatoshyn checkpoint of the Kyiv customs service.

“The opening of the terminal on the basis of the logistics center is confirmation that Ukrainian business continues developing, despite difficult economic, political and military circumstances,” the Regional Development, Construction, Housing and Utilities Economy Ministry reported on July 10, referring to the press service of Deputy Prime Minister and Regional Development, Construction, Housing and Utilities Economy Minister Hennadiy Zubko.

The press service of the State Fiscal Service reported that the Kalynivka customs terminal has a storage warehouse, a customs warehouse, and it is able to hold 110 vehicles at any given time.

The fiscal service said that the terminal provides services to vehicles that cross the Ukrainian border in the operation zone of the Sviatoshyn checkpoint of the Kyiv customs service.

As reported, Epicenter K LLC (Kyiv), which is part of the Epicenter Group developing the eponymous construction hypermarket chain in Ukraine, acquired 15,215 ordinary shares in private joint-stock company Kalynivka logistic center in November 2013.

Kalynivka logistic center was founded in 2004. The company owns the eponymous logistic center with a gross area of A-C class warehouses of around 20,000 square meters, administrative buildings – 5,600 square meters, and with an open space of 7.8 hectares. The center is located on 42 hectares.

 

REGIONAL DEVELOPMENT MINISTRY FULFILS ANNUAL ACTION PLAN TO IMPLEMENT EU ASSOCIATION AGREEMENT BY 80% – OFFICIAL

KYIV. July 13 (Interfax-Ukraine) – The Regional Development, Construction, Housing and Utilities Economy Ministry of Ukraine in H1 2015 finished 80% of steps required for the implementation of the Ukraine-EU Association Agreement, Deputy Minister for European Integration Roman Chuprynenko has said.

“I want to inform you that 80% of the action plan to implement the agreement with the EU has been finished in H1 2015. It is out of question that this year the ministry would make all steps, and I set the task to accelerate the steps planned for 2016,” he said at a briefing in Kyiv on July 10.

Chuprynenko said that the ministry is to take 18 steps to implement the Ukraine-EU Association Agreement and the ministry is the key executor of nine steps.

He said that the ministry, jointly with the State Agency for Energy Efficiency and Energy Saving and the European Energy Community, is making steps to implement the requirements of the EU directive on energy efficiency, which is crucial for Ukraine despite not being included in the general action plan to implement the Ukraine-EU Association Agreement.

He said that the implementation of this EU directive would create a reliable legal basis to conduct energy efficiency reform in Ukraine.

“A large Ukrainian delegation will visit Vienna, the office of the European Energy Community in two weeks to work on the draft law on energy efficiency in Ukraine,” he said.

UKRAINE EXPORTS SLIGHTLY OVER 500,000 TONNES OF GRAIN SINCE EARLY 2015/16 AGRI-YEAR

KYIV. July 13 (Interfax-Ukraine) – Grain exports from Ukraine since early current agricultural year (July-June) as of July 10, 2015 totaled 527,000 tonnes, including 343,000 tonnes of corn, the press service of the Agricultural Policy and Food Ministry has reported.

The ministry said that as of July 10, 97,000 tonnes of wheat, 85,000 tonnes of barley and 2,000 tonnes of other grain cops was supplied to foreign markets.

A total of 268,000 tonnes of grain was loaded to ships.

As reported, tentatively grain exports from Ukraine in 2014/15 agricultural year totaled 34.805 million tonnes, including 18.837 million tonnes of corn. A total of 11.234 million tonnes of wheat, 4.46 million tonnes of barley and 280,000 tonnes of other grain crops was supplied to foreign markets.

YATSENIUK EXPECTS FIRST UKRAINE-U.S. INVESTMENT CONFERENCE TO BE SUCCESS

KYIV. July 13 (Interfax-Ukraine) – Ukrainian Prime Minister Arseniy Yatseniuk has confirmed his participation in the first American-Ukrainian Business Forum, which will take place in Washington on July 13, and expressed the hope for some progress.

“On July 13, I will be in Washington, D.C., together with a government delegation. This day, the first Ukraine-U.S. Investment Conference will take place there,” the Ukrainian premier wrote on his Facebook page on Saturday morning.

He recalled that ahead of the conference, the Economic Development and Trade Ministry of Ukraine presented a video about investment opportunities in the country.

“There is still a lot of work ahead, but I am sure that together we will succeed!” Yatseniuk wrote.

Ukraine will present its agricultural sector, IT, infrastructure, pharmaceuticals, energy, aviation, and missile building industry at the forum.

According to the forum’s agenda, Ukraine will be represented at the event by Ukrainian Prime Minister Arseniy Yatseniuk, Economic Development and Trade Minister Aivaras Abromavicius, Finance Minister Natalie Jaresko, Agrarian Policy and Food Minister Oleksiy Pavlenko, Infrastructure Minister Andriy Pyvovarsky, head of the State Fiscal Service Roman Nasirov, deputy head of the presidential administration Dmitry Shymkiv, head of the State Property Fund Ihor Bilous and Naftogaz Ukrainy CEO Andriy Kobolev.

It is expected that the forum will be attended by 150 participants from the United States and Ukraine.

UKRAINE INCREASES CORN SUPPLY TO CHINA BY 5.4 TIMES IN 2014/2015 MY – EXPERT

KYIV. July 10 (Interfax-Ukraine) – In the 2014/2015 marketing year (MY, July-June) Ukraine exported more than 2.7 million tonnes of corn to China, which is 5.4 times more than in the previous marketing year.

“According to UkrAgroConsult, maize exports to China in the 2013/2014 MY exceeded 500,000 tonnes, while in the 2014/2015 MY the figure is estimated at about 2.7 million tonnes,” the leading grain market expert at UkrAgroConsult consulting agency, Yelyzaveta Malyshko, told Interfax-Ukraine.

According to her, in April and May 2015 Ukrainian companies supplied about one million tonnes of this crop to the country.

“Ukrainian corn is well known all over the world. First of all, it is not genetically modified. Despite the fact that China accepts 15 varieties of genetically modified corn, it does not accept maize stamped MIR 162. American corn in this sense has problems with exports to China. In the year before the marketing year, 1.3 million tonnes of U.S. corn was not accepted at Chinese ports,” Acting Chairman of PJSC State Food and Grain Corporation of Ukraine Borys Prykhodko said.

UKRAINE TO ESTABLISH CONTACTS WITH KEY INVESTORS AT FIRST U.S.-UKRAINIAN BUSINESS FORUM – MINISTER

KYIV. July 10 (Interfax-Ukraine) – The task of the Ukrainian delegation at the first American-Ukrainian Business Forum, which will take place in Washington (the United States) on July 13, 2015, is to establish direct contacts with key investors, according to Minister of Economic Development and Trade of Ukraine Aivaras Abromavicius

“Our task is to show a new government team and establish direct relations with the key investors,” Abromavicius said at a briefing.

He did not predict the outcome of the forum, saying that establishing contacts with a potential investor often takes a long time.

According to Trade Representative of Ukraine Natalia Mykolska, the 200 largest U.S. companies will attend the forum. Well-known investor and billionaire, president of NCH George Soros and investment banker David Rubenstein will speak at the forum.

The delegation will present Ukraine’s agricultural sector, IT, infrastructure, pharmaceuticals, energy, aviation, and missile building industry at the forum.