Business news from Ukraine

BORYSPIL AIRPORT SEEKS TO OPEN TERMINAL F BY MAY 2019

The Boryspil international airport (Kyiv) plans to launch Terminal F by the start of the summer navigation of 2019, First Deputy Director General of the airport Yevhen Dykhne said at a press conference on Wednesday.
He does not link the opening of this terminal with the start of the largest European low cost airline Ryanair in the airport.
“The Boryspil airport exhausted its potential in the peak loading, and Terminal F will be opened by summer navigation of 2019,” he said.
Earlier the airport head, Pavlo Riabikin, said that if Ryanair flies at least 15 flights a day, mothballed Terminal F would be opened.
“We are preparing for this and, first of all, this is linked to our calculations regarding the increase in passenger traffic. The second important factor is that at peak hours we reached the largest throughput in Terminal D and can no longer provide services to airlines that order slots for peak time. We already refuse airlines in provision of slots, which means that the capacity of Terminal D is not enough,” Dykhne said.
He also said that those airlines that fly at peak times, but do not participate in the transfer program of the airport and do not provide transit passengers, will be transferred to Terminal F.
“We will try to focus Terminal D on our hub operation model. As for those airlines that do not participate in the transit, we will offer them a transfer to Terminal F,” Dykhne said.
He also recalled that it was agreed that after the opening of Terminal F, Ryanair flights will be transferred to this terminal.
Boryspil International Airport is the main airport of Ukraine. The airport has two runways: one with a length of 4,000 meters and a width of 60 meters, and the second with a length of 3,500 meters and a width of 63 meters. Four passenger terminals, postal and cargo complexes are located on the territory of the airport.

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IMC AGROHOLDING SOWS 105,200 HA WITH CROPS IN 2018

IMC agroholding on May 20 completed the spring campaign sowing 105,200 ha with crops.
The company said in a press release that this year, 69,500 ha of corn, 23,800 ha of sunflower, 11,000 ha of soybean and 900 ha of fodder crops were sown.
“In the current year, weather conditions, especially excessive soil moisture due to significant precipitation in winter and in March, forced us to begin spring field work 10 days later than planned. At the same time, all the work, namely the fertilizing of winter crops, the introduction of mineral fertilizers for spring crops, the closing of moisture and sowing were started almost simultaneously. However, the well-coordinated work of all production departments, the use of highly efficient machinery (including those acquired in the current season), the expansion of the use of advanced technologies of precision farming, made it possible to sow spring crops for the period, 15% shorter than in the previous year,” Chief Operating Officer of IMC Oleksandr Verzhykhovsky said.
IMC focuses on cultivation of grains, oilseeds and potatoes. It is one of the largest milk producers in Ukraine. It owns a storage capacity of 554,000 tonnes of grains and oilseeds. Its land bank is 129,600 ha in Poltava, Chernihiv and Sumy regions.

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UKRAINE INCREASES ELECTRICITY EXPORTS BY 8.8% IN JAN-APRIL, MAIN IMPORTERS – POLAND, MOLDOVA, HUNGARY, SLOVAKIA, ROMANIA

Ukraine increased electricity exports 8.8% in January-April 2018 year-on-year to 2.189 billion kilowatt-hours (kWh), the Ministry of Energy and Coal Industry has told Interfax-Ukraine.
Electricity supplies from the Burshtyn thermal power plant energy island in the direction of Hungary, Slovakia and Romania for the four month grew 7.8% compared to January-April 2017, to 1.421 billion kWh.
Electricity supplies to Poland rose 30.8%, to 541.1 million kWh. Ukraine exported 227.1 million kWh to Moldova in January-April 2018, which is 18.9% less than in January-April 2017.
No electricity was exported to Belarus or Russia in January-April 2018 or January-April 2017.
In April 2018, exports of Ukrainian electricity totaled 592.9 million kWh, which is 10.4% less than in April 2017.
Ukraine imported 11.4 million kWh of electricity in January-April 2018 (of which 10.9 million kWh from Russia and 0.5 million kWh from Belarus). Energomarket contracts account for the imports as technological transfers.

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LNZ BUYS CROP PLANTING BUSINESS OF SHPOLA-AGRO INDUSTRY FOR $15.6 MLN

Lebedyn Seed Plant agroholding (LNZ-AGRO LLC) has acquired 100% of crop planting business of Shpola-Agro Industry with all infrastructure and machinery in Cherkasy region.
According to a press release of EY, the cost of the deal was $15.9 million for 100% stake with a land bank of around 8,500 ha of leased farmland.
LNZ Group with the acquisition of 100% corporate rights in Shpola-Agro Industry expanded its land bank by 16.7%, to 70,000 ha.
Negotiations to acquire the corporate rights in Shpola-Agro Industry had lasted since November 2017. In April 2018, the Antimonopoly Committee of Ukraine permitted to acquire the stake.
The LNZ Group’s core business is the cultivation and sale of grain, oilseeds and industrial crops; provision of services for primary processing and storage of grain, breeding of dairy cattle, processing of meat and milk, wholesale trade in cereals, production and sale of seeds, planting materials of field crops and plant protection agents. The main asset is Lebedyn Seed Plant.
Shpola-Agro Industry LLC (village Syhnayivka, Shpola district, Cherkasy region) is connected by control relations with business entities that form the ByFrederic Group. The company is engaged in activities for growing wheat, corn, sunflower, growing cattle, growing and selling seeds; activity on providing services of primary processing and storage of grain.
After the concentration the relations of control between Shpola-Agro Industry and the ByFrederic group will be suspended.
 

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