Business news from Ukraine

VEHICLE PRODUCTION IN UKRAINE 45% UP IN JANUARY

Ukrainian automobile manufacturers in January 2018 made 570 vehicles, which is 44.7% more than in January 2017, including a rise of 59.7% in production of passenger cars, to 479, the Ukrautoprom association has reported. According to preliminary data from the association, all passenger cars were made by private joint-stock company Eurocar, as it was in January 2017.
Production of commercial vehicles fell by 45.8%, to 32 (not taking into account data from PrJSC AvtoKrAZ), while bus production grew by 68.6%, to 59.
Eurocar producing Skoda cars was the leader last month. Zaporizhia Automobile Plant (ZAZ) almost did not make passenger cars in January, but it made 30 commercial vehicles (compared with 59 in January 2017) and seven buses (two a year ago).
As reported, this year ZAZ almost stopped manufacturing passenger cars.
The leader in bus production in January was Chernihiv Automobile Plant of the Etalon Corporation, making 20 buses, while a year ago the plant did not produce buses.
Chasiv Yar Bus Plant (Donetsk region) made 17 buses (14 in January 2017). Cherkasy Bus manufactured 12 buses (19) and two commercial vehicles (no commercial vehicle in January 2017).
The Bogdan Corporation’s plant made three buses (no bus in January 2017).

FISCAL SERVICE: IMPORT OF NEW CARS TO UKRAINE 28% UP IN 2017

Ukraine in 2017 imported 80,500 new cars, from which UAH 15.8 billion of customs fees were paid, whereas in 2016 the number of customs clearance cases amounted to 63,000 cars with the payment of UAH 12.4 billion, the State Fiscal Service has reported.
At the same time, imports of used cars were 72,900 vehicles with the payment of UAH 5.5 billion of customs fees, in particular at reduced excise tax rates 69,500 units with the payment of UAH 5.1 billion. In 2016 the country imported 23,800 used cars, including 15,100 cars at preferential rates, for which UAH 2.4 billion of customs fees were paid (including UAH 1.2 billion at reduced rates).
As reported, the law allowing individuals to import one used car a year at significantly reduced excise tax rates has been valid in Ukraine since August 2016

IMC AGROHOLDING HARVESTS 600,000 TONNES OF CORN

IMC agroholding has finished harvesting corn sown in 2017. The company harvested almost 610,000 tonnes of corn from over 67,000 ha
According to the company’s press release, gross yield of 9.1 tonnes per ha, which is equal to the record yield of corn achieved by the company in 2016.
“Despite that 2017 year was the extremely difficult for the agrarians in Ukraine, when as a result of the cold spring, arid summer and heavy rains in the autumn, the average yield of corn in Ukraine decreased by 18% compared to 2016, and the harvesting terms of the grain were significantly extended, in IMC we repeated our record on corn yield of 9.1 tonnes per hectare,” the company said, citing IMC Chief Operating Officer Oleksandr Verzhykhovsky.
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 136,600 ha in Poltava, Chernihiv and Sumy regions.

UKRAINE RAISES CHEESE EXPORTS BY 16.8%, IMPORTS 1.6-FOLD IN JANUARY

Ukraine in January 2018 supplied 368 tonnes of cheese to foreign markets, which is 16.8% more than in the same period of 2017.
According to customs statistics, released by the State Fiscal Service, in monetary terms shipments of these products increased 31.8%, to $1.26 million.
Cheese imports in January amounted to 869 tonnes, increasing 1.6-fold compared to the same period last year. The country imported products worth $4.3 million (in January 2017 some $2.5 million).
Exports of butter from Ukraine in January 2018 increased 4.2-fold, to 2,500 tonnes. In monetary terms, the figure amounted to $11.2 million against $2.2 million in January 2017. Imports of this product grew 2.9-fold in January 2018, from 39tonnes ($186,000) to 114 tonnes ($726,000).
Exports of milk and cream (condensed) in January 2018 decreased 23%, to 2,370 tonnes. Ukraine supplied condensed milk and cream for a total of $3.8 million, which is 23.3% less than in January of 2017.

LARGE TAXPAYERS INCREASE PAYMENTS TO UKRAINIAN BUDGET BY 6.5% IN JAN 2018

The largest taxpayers of Ukraine in January 2018 transferred UAH 19.7 billion to the budget, which is UAH 1.1 billion, or 6.5% more than in January 2017, the office of the largest payers of the State Fiscal Service wrote on its Facebook page.
“The share of tax payments from large businesses, serviced by the office, accounted for 58.4% of the total collection of tax payments to the national budget in Ukraine,” the report said.
The largest revenues in January were provided by large taxpayers of Kyiv (UAH 14.9 billion), Dnipro (UAH 1.6 billion), Kharkiv (UAH 1.4 billion), Zaporizhia (UAH 700 million), Lviv (UAH 400 million), and Odesa (UAH 700 million).
As reported, in 2017 large taxpayers transferred UAH 250.3 billion to the budget, which is UAH 30.3 billion or 13% more than in 2016.
The service reduced the number of largest taxpayers by 1,230 enterprises in the register for 2018, to 1,364.

BELGIUM’S UPGRADE ENERGY WANTS TO BUILD 30 MW SOLAR POWER PLANT IN UKRAINE, ZHYTOMYR REGION

Belgium’s Upgrade Energy wants to build a solar power plant with the installed capacity of 25-30 MW in Zhytomyr region, the press service of the Zhytomyr Regional Administration has reported. The press service said that it would take two years to implement the project. Irshansk solar power plant LLC (Zhytomyr) will implement the project. Land parcel leasing agreements have been signed,” the administration said.
Upgrade Energy did not work previously in Ukraine. Today beneficiaries of Irshansk solar power plant LLC are Kyiv resident Oleh Hramotenko and Estonia Energy Invest.