The Epicenter K Group, which has been actively developing agricultural business in the past two years, plans to build a silo with a capacity of 100,000 tonnes in 2018 on the territory of an oil depot acquired from Galnaftogaz Concern, the press service of the group has reported.
According to a posting on the website of the Antimonopoly Committee of Ukraine, on May 14, 2018 the committee permitted Epicenter K to buy the oil depot belonged to Galnaftogaz Concern (both based in Kyiv).
The press service of Epicenter K said that the group since 2015 has started investing in agriculture and in two years it boosted its land bank to 110,000 ha.
“In the conditions of the development of the agrarian business, the question arose for us to quickly and substantially increase the capacities of existing ones and build new modern silos. That is why we entered into agreements with PJSC Concern Galnaftogaz on the acquisition of the property complex of the oil depot located at 80, Pryvokzalna Street, Vendychany, Mohyliov-Podilsky district, Vinnytsia region,” the press service said.
The owner of the depot complex did not use for more than 10 years, and the concern did not plan to resume its work.
At the same time, the issue of trade in oil products by the founders of the Epicenter K is not currently being studied and is not being considered.
Epicenter K LLC was established in 2003. Its first construction materials hypermarket was opened in Kyiv in December of the same year.
PJSC Research and Industrial Center Borschahivka chemical and pharmaceutical plant will export a natural active pharmaceutical ingredient (API) for a medicine in the European Union (EU), the company has said in a press release.
The plant will export belladonna extract to Portugal. The API will be the basis of the patent medicine produced and sold in this country. The API was designed in own research laboratory of the plant in line with the requirements of the customer in short terms.
“An indispensable condition for establishing cooperation was the passage of an external independent audit on the conformity of production and extraction technologies to the requirements of European quality standards, including GMP. The enterprise successfully passed the audit and confirmed that it is a modern and reliable partner for European colleagues,” the plant said.
The plant’s extracts are used by the company to manufacture a number of its own medicines, and also are purchased by other domestic pharmaceutical manufacturers.
As reported, in 2017, the plant started exporting its products to Australia, Estonia and Portugal. Currently, the plant exports its products to 19 countries, including Lithuania, Latvia and the CIS countries. The share of exports of total sales in 2017 was 12.2%.
The Sikorsky Kyiv international airport (Zhuliany) plans to boost passenger flow by 55.6% in 2018, to 2.8 million people, Board Chairman Denys Kostrzhevsky has said. “In 2017, the Kyiv airport serviced 1.8 million passengers. In 2018, we plan to service some 2.8 million people who arrive and depart with new facilities,” he said in an exclusive interview with Interfax-Ukraine. Kostrzhevsky also said that new Ukrainian airline SkyUp, which signed a contract on long term cooperation with the airport, in May starts servicing first flights.
“This is a significant event, similar in importance to which Ukraine has not seen for several years. It is really a big Ukrainian airline with ambitious plans. If these plans come true, a good growth in passenger traffic will be ensured,” he said.
The board chairman of the airport said that SkyUp plans to base several aircraft at the Kyiv airport. Kyiv International Airport (Zhuliany) is located in the business center of the capital, seven km from the city center. It is the second largest airport in Ukraine in terms of the number of flights and passenger traffic. The airport has three terminals with a total area is 21,000 square meters. Terminal B is separate facility for business-class service, it is part of the Fixed Base Operator (FBO) system. The airport’s runway is able to handle B-737 and A-320 aircraft.
Agricom Group on May 16, 2018, launched a factory to produce flakes from oats and other types of cereals under the Dobrodiya trademark in the village of Mykhailo-Kotsiubynske in Chernihiv region. The project is estimated at $10.5 million, the company’s press service said. This includes 40% of the company’s own funds and 60% are loans.
The construction lasted for more than three years, it said. “Way back in 2014, it was decided to start production of value-added products. It took almost four years to move from the idea to the implementation of the project, and now we are again thinking about new goals,” CEO of Agricom Group Petro Melnyk said. The production capacity of the factory is one million kg per month.
The Group has a full cycle of production: from cleaning, peeling, grinding, hydrothermal processing, cutting, rolling and to packing in various types of packaging.
Agricom Group produces and distributes food made of cereals. It combines agricultural, processing and trading enterprises. The Group tills 40,000 hectares in Rivne, Chernihiv and Luhansk regions. Its storage capacities are represented by two facilities for 63,000 tonnes.
The surplus of Ukraine’s foreign trade in services in January-March 2018 increased by 16% compared to 2016, to $1.461 billion (in January-March 2017 some $1.259 billion), the State Statistics Service has said. According to its data, exports of services in Q1 2018 rose by 5%, to $2.561 billion, imports fell by 6.8%, to $1.101 billion.
The ratio of coverage of imports by exports stood at 2.33 (in Q1 2017 at 2.07).
Foreign trade operations were conducted with partners from 211 countries.
