Business news from Ukraine

HARVEAST WILL CONTINUE TO INVEST IN IRRIGATION AND WALNUT PRODUCTION

HarvEast intends to increase the irrigated area by 500-800 hectares next year and plant walnuts on an area of about 30-40 hectares.
“We will continue to invest in irrigation, we are pleased with the results on the 1,100 hectares that are now under irrigation. Next year we will add 500 or 800 hectares. In addition, we continue to develop walnut growing: this year we’ve planted 30 hectares, we have a total of 90 hectares, and we plan to plant 30-40 hectares annually,” HarvEast Director General Dmytro Skorniakov told Interfax-Ukraine.
According to him, the company does not set a goal to increase its land bank, but if there is an interesting offer, it is possible.
“In general, this year it is probably the worst year in the last 20-30 years in southern Ukraine. For us, respectively, it is the worst year in the entire history of the company in terms of harvest. We have already harvested the whole crop, but there are no final data yet,” he said.
HarvEast is an agricultural holding, whose core business is plant growing (growing wheat, sunflower, barley, etc.) and dairy farming. It cultivates about 97,000 hectares of land.

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UKRAINIAN MANUFACTURER OF WATER FILTERS ECOSOFT JOINS EUROPEAN GROUP BWT

The Ukrainian manufacturer of water filters Ecosoft (Irpen, Kyiv region) will join the Best Water Technology (BWT), a leading group on the European water treatment market, the press service of Ecosoft reported on Wednesday.
According to the press service of the Antimonopoly Committee of Ukraine, on December 10, the committee granted permission to BWT Aktiengesellschaft (Austria) to acquire a controlling stake in Ecosoft Holding.
Ecosoft is a manufacturer and distributor of water treatment equipment for domestic and industrial use with production sites in Ukraine and Germany and a wide international presence.
BWT Aktiengesellschaft is the holding company of Best Water Technology, the leading European group in the field of water technology with a turnover of about EUR 670 million in 2017 and 3,600 employees. It offers solutions for drinking water, water for pharmaceuticals and industrial processes, heating and cooling systems, air conditioning and swimming pools.
In Ukraine, Ecosoft was founded in 1991. Since 2012, it has been actively supported by the European Bank for Reconstruction and Development (EBRD) through consulting and financing programs.

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U.S. DEPARTMENT OF AGRICULTURE REVISES UPWARDS FORECAST FOR CORN EXPORT FROM UKRAINE TO 28 MLN TONNES

The U.S. Department of Agriculture (USDA) in December reviewed upwards the forecast for export of corn from Ukraine in 2018/19 agricultural year (July-June) by 1 million tonnes compared with the September forecast, to 28 million tonnes.
According to a posting on the website of the USDA, the forecast for corn harvest for 2018 is increased by 1.5 million tonnes, to 35 million tonnes.
Corn production in in Ukraine increased thanks to larger crops harvested, and if the forecast volumes are harvested the harvest forecast this month would exceed the previous record hit in 2016/17 agri-year by almost 20%, the department said.
USDA retained its forecast for export of wheat from Ukraine in 2018/19 agri-year at 16.5 million tonnes and the harvest forecast – at 25 million tonnes.
In general, USDA revised upwards the forecast for grain harvest in Ukraine by 1.5 million tonnes, to 68.7 million tonnes and grain exports – by 1 million tonnes, to 49.2 million tonnes.

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UKRAINE SEES DECLINE IN MILK PRODUCTION, BUT MEAT AND EGGS OUTPUT GROWS

The production of milk in Ukraine in January-November 2018 declined by 1.9% compared to the same period in 2017, to 9.457 million tonnes. At the same time, egg production in January-November grew by 3.3% compared to the same period in 2017, to 14.982 billion eggs, the State Statistics Service of Ukraine said.
Production of meat (in live weight) in January-November 2018 grew by 0.8%, to 2.88 million tonnes.
According to earlier statistics reports, milk production in Ukraine in 2017 decreased by 0.5% from 2016, to 10.329 million tonnes, meat (in live weight) by 0.4%, to 3.259 million tonnes. Production of eggs in 2017 rose by 3.2%, to 15.578 billion eggs.

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SHOW-PROGRAM “THE NEW YEAR`S FAIRYTALE” OPENS IN KYIVAN RUS PARK

On December, 15-16 a show-program “The New Year`s fairytale” will take place in the «Kyivan Rus Park». The great opening of the New Year`s Residence, the premiere of the interactive show for children and adults, horse riding and ancient Slavic amusements will be waiting for the guests of Ancient Kyiv.
On December, 19, on the St. Nicolas day, Ancient Kyiv inhabitants invite children and adults to meet this Saint that is so kind and beloved by all.
Ancient Kyiv opens at 10:00. The program starts at 13:00.
The ticket price: a full adult ticket – 150.00 UAH, for pensioners and students – 100.00 UAH; for schoolchildren – 50.00 UAH, for preschool children – for free.
Ancient Kyiv in the «Kyivan Rus Park» is situated in the vill. Kopachiv, Obukhiv district, Kyiv region. Route taxis leave from Kyiv from the «Vydybitchi» metro station Detailed information on the website www.parkkyivrus.com
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for the adult ticket (at full price) to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

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COCA-COLA LAUNCHES NEW LINE IN UKRAINE

Coca-Cola Beverages Ukraine that belongs to U.S. Coca-Cola Company has launched a new production line with a capacity of 40,000 PET bottles per hour at its plant in Brovary (Kyiv region), Coca-Cola Beverages Ukraine Public Affairs and Communications Director Andriy Bublyk wrote on his Facebook page on Tuesday.
“Since yesterday [December 10], this investment has been launched at our plant and sends consumers 40,000 bottles of their favorite drinks every hour,” he wrote.
The company said that the project was implemented in two and a half months, the volume of investments in the project amounted to EUR 10.5 million.
“Today, the plant has 12 lines with a total production capacity of more than 100 million unit cases (1 unit case equals 5.678 liters) of products per year,” Coca-Cola Beverages Ukraine said.
Coca-Cola Beverages Ukraine is one of the leaders in the Ukrainian market of soft drinks. It is the official bottler of The Coca-Cola Company.
Coca-Cola Beverages Ukraine produces a wide range of non-alcoholic beverages in various categories – sweet carbonated drinks, juices, water, energy drinks and cold teas.
The first plant of the company in Ukraine was opened in Lviv.
Currently, the company owns one plant in Brovary (it started operating in 1998).
The company’s products are distributed through 21 distribution centers.

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