Business news from Ukraine

KOKHAVYNSKA PAPER FACTORY RAISES PRODUCTION BY 34%

Kokhavynska paper factory (Lviv region), a tissue and toilet paper producer (the Kokhavynka trademark), in January-June 2018 increased production by 33.8% compared with the same period in 2017, to UAH 260 million. According to the Ukrpapir association, production of paper at the factory in natural terms increased by 16%, to 18,370 tonnes. At the same time, production of toilet paper rose by 1%, to 52.61 million rolls.
Kokhavynska paper factory has been operating since 1939. The factory producers base paper for hygienic goods, toilet paper and paper towels. The capacity of paper making machines is 19,000 tonnes per year, processing equipment 90 million rolls a year.
As reported, in 2017 the factory produced goods worth UAH 421.5 million, which is 23% more than a year earlier, paper production grew by 23.7%, to 33,350 tonnes.
In 2018 the factory planned to increase production to UAH 550 million.
The factory exports about 40% of the products. The main consumers abroad are the Czech Republic, Romania, as well as companies from Belarus, Moldova, Hungary, and the Netherlands.

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BUSINESSMAN KHMELNYTSKY WILL PARTICIPATE IN DEVELOPMENT OF UNIT.CITY COPY IN KAZAKHSTAN

Businessman Vasyl Khmelnytsky’s UFuture investment group will participate in the development of a project to create in Astana (Kazakhstan) a copy of the innovation park UNIT.City, which UFuture has been developing for several years in Kyiv. “I’ve just returned from Kazakhstan, where I was at the invitation of Prime Minister Bakhytzhan Sagintayev. We’ve agreed we will help create an analogue of UNIT.City in the center of Astana,” Khmelnytsky wrote on his Facebook page.
He said starting this autumn UFuture would launch a project to create an eco-system and a university in Astana, following the example of UNIT.City. He added that this project is already known in Kazakhstan, as Kazakh students study at Kyiv’s UNIT Factory.
Khmelnytsky positively assessed the experience of creating an international technopark for IT start-ups at the Astana Hub and the Astana International Financial Center, where residents enjoy a preferential tax regime, British law and an independent court of British judges. UFuture’s press service told the Kyiv-based Interfax-Ukraine news agency that it would be possible to speak about details of the possible participation of the investment group in the Kazakhstan project after the project was prepared.
As earlier reported, UFuture is situated on 25 hectares of land at Kyiv’s motorcycle plant where it is developing the UNIT.City innovation park. The “anchors” of the project are programming factory UNIT Factor created in spring 2016 under partnership with French School 42, and the Technology Companies’ Development Center (TCDC). Khmelnytsky has already announced plans to create similar projects in Lviv and Kharkiv.
UFuture Investment Group, headquartered in Brussels, was established in the autumn of 2017 and unites Khmelnytsky’s business projects. The group includes UDP Renewables, the Bila Tserkva Industrial Park, the innovation parks UNIT.City and LvivTech.City.

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VITALI KLITSCHKO PLANS TO RUN AGAIN FOR KYIV MAYOR

Vitali Klitschko plans to again run for Kyiv mayor, the politician said in an interview with Novoye Vremia publication. “I have been holding this post for four years. I have already done many things, and most importantly – a push. The past years were difficult. But I can say now that I will run for a mayor’s post, because I want to accomplish the plans voiced by me,” said Klitschko.
Klitschko has been holding the post of the mayor of Kyiv and head of the Kyiv city state administration since June 2014.

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UKRAINIAN AGRICULTURAL EXPORT TO EU AMOUNTS $2.3 BLN IN FIVE MONTHS

Exports of Ukrainian agrarian products to European countries in January-May 2018 increased by $13 million, or 0.6%, to $2.3 billion compared to the five months of last year, the Ministry of Agrarian Policy and Food reported on its website. “In the five months of 2018, we see the increase in our agricultural exports to the EU by almost $13 million compared to the same period in 2017. The largest share in the structure of agricultural exports to the EU was that of grains, which were exported for almost $862 million, sunflower oil worth $465.8 million, residues and waste products of the food industry for $220 million, oilseeds worth $211.5 million, poultry for $100.5 million,” the press service said citing Deputy Minister of Agrarian Policy and Food for European Integration Olha Trofimtseva.
According to her, exports of Ukrainian processed and niche agricultural products to EU markets also rose. In particular, juice exports for the period grew by $11 million, or 2 times, confectionery products from sugar by $8.3 million, or 89.4%, chocolate and other cocoa products by $6.5 million, or 66.2%, legumes by $6.5 million, or 2.4 times, eggs without shell and egg yolks by $6.1 million, or 20 times.
According to the ministry, the main importers of Ukrainian agrarian products were the Netherlands with a share of exports of 15.9%, Spain with 14.1%, Italy with 14%, Poland with 14%, Germany with 9.3%, and France with 6.8%.

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