Business news from Ukraine

RAMADA ENCORE KYIV HOTEL TO INCREASE OCCUPANCY TO 65% IN 2017

KYIV. Aug 4 (Interfax-Ukraine) – DBI Hotels & Resorts (headquartered in Switzerland) plans in 2017 to increase the occupancy of the Ramada Encore Kyiv hotel by 14% compared to 2016, to 65% from 51%, the press service of the hotel has told Interfax-Ukraine.
The average cost of living for one guest per day is to rise in the hotel in 2017.
“There is percentage of increase and it amounts to 15-18%,” the press service said.
According to its data, in 2016 the hotel accepted about 75,000 guests, while the occupancy of rooms last year increased by more than 13% compared to 2015.
Wyndham Hotel Group (WHG) in June 2012 opened its largest four-star hotel under the Ramada Encore brand as part of the Stolychny multifunctional complex (formerly Domosfera) at 103 Stolychne Highway in Kyiv’s Holosiyevsky district. The hotel is managed by DBI Hotels & Resorts (Switzerland).
According to DeVision (Kyiv), the developer of the project of the multifunctional complex, investments in the opening of the hotel amounted to about UAH 520 million.

BRITISH STILETTO SYSTEMS, CANADIAN MAGNUM READY TO PARTICIPATE IN TENDER TO BUILD NEW AMMUNITION PLANT IN UKRAINE

KYIV. Aug 7 (Interfax-Ukraine) – British-based Stiletto Systems Ltd. jointly with Canadian-based MAGNUM and its division Waterbury Farrel are considering the possibility of participating in a tender of the Ministry of Economic Development and Trade to create a new production of shooting and artillery ammunition in Ukraine.
Head of Stiletto Ukraine Roman Karpenko told Interfax-Ukraine the British-Canadian alliance has practical experience in designing and building modern ammunition production facilities in a number of countries and is ready to provide the construction of a new ammunition plant in Ukraine.
“Stiletto Systems Ltd. in alliance with MAGNUM and its division Waterbury Farrel are interested in participating in a possible tender of the ministry and are ready to offer a wide range of infantry and artillery ammunition, taking into account the request of the Defense Ministry and the needs of the Armed Forces of Ukraine,” he said, noting that the alliance’s proposals for cooperation in the project were submitted to the Cabinet of Ministers of Ukraine for familiarization in July.
British-based Stiletto Systems Ltd. specializes in the development of ammunition and small arms.

MEXICO IMPOSES PROVISIONAL DUTIES ON IMPORTS OF SEAMLESS TUBES FROM UKRAINE AS WELL

KYIV. Aug 7 (Interfax-Ukraine) – The Secretariat of Economy of Mexico has imposed provisional countervailing duties on imports of seamless steel tubes from South Korea, Spain, India and Ukraine.
The Secretariat published the decision in official publication Diario Oficial on August 3, 2017.
It was decided to continue the investigation.
Interpipe international vertically integrated pipe and wheel company (Dnipro) told Interfax-Ukraine that the duties would not considerably affect the company, as small batches of pipes were supplied to Mexico.
“The supplies of Interpipe’s tubes to Mexico in the period from 2013 through 2017 totaled only 5,000 tonnes. The sales to this country are not significant for Interpipe. However, the case of the new imposing of the duty on Ukrainian metal products is worrying. Another state imposes trade barriers against Ukrainian manufacturers. It is obvious that the domestic market protection policy and support of domestic producers is a generally accepted practice,” the group told Interfax-Ukraine.
As reported, Mexico’s Secretariat of Economy launched an antidumping investigation into imports of seamless pipes originated from South Korea, Spain, India and Ukraine on December 15, 2016.
The anti-dumping probe was opened against seamless pipes under foreign activity codes 7304.19.01, 7304.19.02, 7304.19.99, 7304.39.05, 7304.39.06 and 7304.39.99 of the Mexican customs tariff.
The investigation was launched under a claim of Mexico’s TAMSA (Tubos de Arcero de Mexico S.A.) where 99% of shares belongs to Italy’s Tenaris.

LARGEST TAXPAYERS PAY 21% MORE TAXES IN H1 2017

KYIV. Aug 7 (Interfax-Ukraine) – Largest taxpayers since early 2017 have paid UAH 176.6 billion of taxes. This is UAH 31 billion or 21% more than a year ago, the Office of Large Taxpayers has reported.
“The introduction of practice of personal consultant for each large taxpayer and the gradual automation of processes give good results. The economy is slowly going out of crisis and this means that payments will grow in the future thanks this,” Head of the Office of Large Taxpayers Yevhen Bambizov wrote on his Facebook page.
According to the office, one third of the sum was paid by oil and gas sector – UAH 57.6 billion (UAH 15.9 billion more year-over-year). Ukrgazvydobutok paid UAH 25.553 million, Naftogaz Ukrainy paid UAH 11.383 million, Ukrnafta – UAH 5.501 million and Ukrtransgaz – UAH 4.432 million.
The Office of Large Taxpayers said that one fourth (25.5%) of payments was sent by processing enterprises – UAH 45.1 billion (UAH 2.3 billion more than a year ago). The largest taxpayers were private joint-stock company Tobacco Company B.A.T.-Pryluky (UAH 6.97 million), Philip Morris Ukraine (UAH 5.835 million) and JT International Ukraine (UAH 4.39 million).
Tax payments from mining companies grew more than 1.5-fold, from UAH 24.5 billion in H1 2016 to UAH 43.8 billion in H1 2017 or 24.8% of total payments. Ukrgazvydobuvannia paid UAH 25.553 million, Ukrnafta – UAH 5.501 million and Naftogazvydobutok – UAH 2.298 million.

VINNYTSIA DAIRY PLANT ROSHEN EXPANDS GEOGRAPHY OF EXPORTS BY FOUR COUNTRIES IN H1 2017

KYIV. Aug 4 (Interfax-Ukraine) – Vinnytsia dairy plant Roshen, part of Roshen Group, in January-June 2017 expanded geography of exports by four countries, entering the markets of Romania, Poland, Ghana and Nigeria.
The press service of Roshen reported that in 2016 and H1 2017 products were exported to 36 countries.
In H1 0217, the plant exported 5,073 tonnes of dairy products.
The plant sold 14,856 tonnes of products, including 9,348 tonnes sold to the Roshen Corporation, and 435 tonnes on the domestic market.
Exports shrank by 14% in tonnes in H1 2017, while in money terms it grew by 34%.
Vinnytsia dairy plant Roshen started operating in June 2014. Its processing capacity is 600 tonnes of milk a day.

ENERGOMASHSPETSSTAL SHIPS TWO ROTORS FOR INDIAN BHEL’S TURBINE

KYIV. Aug 4 (Interfax-Ukraine) – Public joint-stock company Energomashspetsstal (EMSS, Kramatorsk, Donetsk region), the owner of which is Russia’s Atomenergomash, has shipped two rotors for a 800 MW low pressure turbines for India’s Bharat Heavy Electrical Limited (BHEL), the company’s press service has reported.
The weight of the equipment is 117.8 tonnes. Its cost is not disclosed. The equipment was shipped to the customer by rail and by sea.
BHEL is one of the largest Indian engineering and industrial companies. Its core business is electricity generation, distribution and transmission, telecom, oil and gas production. The company producers turbines, transformers, electricity generators, heaters and other equipment.
The press service of EMSS also said that the company signed a contract to supply a large batch of subproducts (29 mechanically processed pieces) to Germany’s EschmannStahl GmbH & Co.KG, with which EMSS has been cooperating for over 10 years.
The products will be shipped from September to December 2017. The weight of the batch is 250.5 tonnes.