Business news from Ukraine

VINN-AGRO-EXPORT INVESTS $12 MLN IN BUILDING ELEVATOR IN VINNYTSIA REGION

Vinn-Agro-Export LLC (Vinnytsia region) has begun the construction of an elevator with a capacity of 65,000 tonnes in the village Makharyntsi (Vinnytsia region). According to a report on the website of Vinnytsia Regional State Administration, in an hour the elevator will be able to accept up to 600 tonnes of grain and ship up to 300 tonnes. In addition, the company plans to build a railway track branch. In future, the elevator will ship up to 50 wagons a day.
The company also plans to build a laboratory to determine grain chemical and biological composition. The expected investment is $12 million.
Vinn-Agro-Export is engaged in wholesale of grain, untreated tobacco, seeds and animal feed. According to the unified state register of legal entities and individuals, Anatoliy Yarmolenko is the ultimate beneficiary of Vinn-Agro-Export.

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ENERPARC AG-RODINA ENERGY GROUP PLANS TO EXPAND SOLAR PLANT CAPACITY IN CHORNOBYL ZONE

The consortium Enerparc AG-Rodina Energy Group plans to increase the capacity of its solar power plants in the Chornobyl exclusion zone from 1 MW to 100 MW, CEO of Rodina Energy Group Yevgeniy Variagin has said at a press conference in Kyiv. “We have plans to develop this project, to expand it to about 100 MW. And we are working on this with our partners,” he said.
Enerparc AG-Rodina Energy Group has recently officially put into operation a pilot solar station with a capacity of 1 MW near Chornobyl nuclear power plant. As reported, the construction of a pilot solar plant was completed in early 2018, in summer it got a feed-in tariff.
Solar Chornobyl LLC (Kyiv) in 2017 rented part of a concrete platform near the facility “Chornobyl NPP’s second phase switchgear” with an area of 1.7 hectares for the implementation of the solar plant construction project by Enerparc AG-Rodina Energy Group.

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UNIT.CITY, BIOPHARMA AND OTHER COMPANIES ENTER EBA

The European Business Association (EBA) in September got 15 new members, including Ukrlandfarming, one of the largest agricultural holdings in terms of land bank, the UNIT.City innovative park, Biopharma pharmaceutical plant LLC and ADD (Apteka Dobroho Dnia) pharmacy chain.
According to the EBA, among its new members are also Aakon Grain Ukraine LLC with an elevator of 10,000 tonnes, providing agricultural machinery leasing services, Brovary Aluminum Plant from ALUMETA Group, and Art Nation of movie maker Eduard Akhramovych, working in the sphere of marketing.
Its new members also became Audit Consult Group LLC, the creators of premises for entrepreneurs Business Interiors LLC, a real estate company from Benish Group GmbH, Edwin Steel Corporation LLC and Goodgrainoil, selling grain and oilseeds.
According to the release, in addition, EBA members became Perenio, whose parent company Perenio IoT has its headquarters in the Czech Republic, Rent-a-car Ukraine LLC, an official representative of Europcar in Ukraine, and Skyrora UA, a subsidiary of British-based Skyrora Limited of Volodymyr Levykin.
The EBA told Interfax-Ukraine the total number of the association members reached 979 companies.

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UKRAINE INCREASES EXPORTS OF AGRI PRODUCTS IN JAN-AUG, KEY BUYERS ARE ASIAN COUNTRIES AND EU

Exports of Ukrainian agricultural products in January-August 2018 grew by $65.6 million year-over-year, reaching $11.5 billion or 37.3% of total exports of Ukraine. According to a press release of the Agricultural Policy and Food Ministry issued on Friday, in January-August 2018 foreign trade with agricultural goods reached $15 billion. “Ukrainian agricultural export grew by $65.6 million. The growth of indicators occurred mainly thanks to such items as rapeseed, wheat, meat and poultry byproducts, eggs, nuts, butter, chocolate and other goods,” the press service said, citing Deputy Agricultural Policy and Food Minister for European Integration Olha Trofimtseva.
According to her, in the top three exported Ukrainian agricultural products remain grain crops – 36.6% of total agricultural exports, vegetable oils – 25.1% and oilseeds – 9.4%. Key buyers in the regional export structure are Asian countries with a share of 43.6%, the European Union – 31.4% and Africa – 13.3%.
During this period, exports of agricultural products to Asian countries increased by $259.1 million compared to the eight months ending August 2017, to $5.04 billion.
“It is important to say that the first place among the key countries-importers of our products is India, to the markets of which Ukrainian food products were supplied in the amount of $1.3 billion. China took the second place with $698.8 million, Egypt – the third place with $ 685.5 million,” Trofimtseva said, adding that the Netherlands was among the five largest importers of Ukrainian products as compared with eight months of 2017 with $671.9 million and Spain with $551.3 million.

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NATIONAL ENERGY COMPANY UKRENERGO AND SLOVAKIA’S SEPS AGREE ON BUILDING NEW POWER LINE TO BOOST POWER TRANSMISSION

National energy company Ukrenergo and the electricity transmission system operator SEPS (Slovakia) on October 2, 2018 agreed on building a new power line as an optimal solution for boosting power transmission between Ukraine and Slovakia, the press service of Ukrenergo has reported. “According to the agreements, a new 400 kV overhead line will be built, which will connect the existing 400 kV substations Mukachevo and Velke Kapusany in the single-circuit version with the possibility of further upgrading it to double-circuit in case of an increase in the volume of interstate flows,” the company said.
According to the press service, the project also envisages reconstruction of the 400 kV open switchgear at the Mukachevo substation. “In the next three or four years, at the Mukachevo 400 kV substation, it is planned to replace the existing 400/220 kV autotransformer (АТ-3) 400/220 kV (installed in 1964), as well as equipping the 400 kV complete switchgear with gas insulation,” Ukrenergo said.
Considering the condition of the existing 400 kV overhead line Mukachevo-Velke Kapusany, which has been operating since 1963, its modernization was recognized as inexpedient. The line will work until the launch of the new line.
The company recalled that this project is a candidate for projects of mutual interest (PMI), the list of which will be approved by the Council of Ministers of the Energy Community in the autumn of 2018.

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