Business news from Ukraine

Business news from Ukraine

UKRAINE IMPOSES BAN ON IMPORT OF POULTRY MEAT FROM UNITED STATES

On February 18, Ukraine imposed a ban on the import of poultry meat and by-products from the United States after an outbreak of avian flu on a turkey farm in Indiana on February 10.
As reported on the website of the Public Health Center (PHC), the ban applies to the import of hatching eggs, birds, products from it (with the exception of products that have been processed by a method that guarantees the destruction of the causative agent of the specified disease), feed, as well as by-products of the poultry industry.
According to the State Customs Service, in 2021 Ukraine imported $122,000 worth of poultry meat and offal from the United States, becoming Ukraine’s 15th trading partner in terms of imports, while Poland ($40.6 million) and Hungary became the largest ($10.3 million).
Avian influenza is an acute infectious viral disease of birds, characterized by damage to the digestive and respiratory organs and high mortality. Influenza affects birds of any age, and the mortality rate for the disease reaches 80-100%.

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FRENCH PRESIDENT CALLS FOR EUROPEAN SANCTIONS OVER RUSSIA’S RECOGNITION OF ‘L/DPR’

French President Emmanuel Macron condemned Russia’s decision to recognize the independence of the so-called “LPR” and “DPL,” calling for an emergency meeting of the UN Security Council and targeted European sanctions, the Élysée Palace said in a communiqué. “Macron is demanding an emergency meeting of the UN Security Council as well as the adoption of targeted European sanctions,” French presidency said in a statement.
According to the communiqué, the decision to recognize the so-called “L/DNR” from the point of view of France, is “a clear and unilateral violation of Russia’s international commitments and a breach of Ukraine’s sovereignty.”

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UKRNAFTA INCREASES OIL WITH CONDENSATE PRODUCTION BY 5.6%

In January 2022, PJSC Ukrnafta increased oil and condensate production by 5.6% (by 6,900 tonnes) compared to the same period in 2021, to 130,500 tonnes, the company’s press service reported on Monday.
According to it, gas production increased by 3.6% (by 3.3 million cubic meters), to 94.5 million cubic meters.
In addition, production of liquefied gas in January 2022 at the company’s plants increased by 10% (by 990 tonnes) compared to January last year, to 10,870 tonnes.
Ukrnafta clarified that the increase in production is associated with efficient operation of the existing well stock and a reduction in equipment downtime. In addition, commissioned oil well No. 103 at the Verkhnomaslovetske field (Lviv region) had a positive effect on production activities.
“Ukrnafta is making efforts to increase hydrocarbon production, particularly of natural gas. This is an important task both in terms of supplying the domestic market with natural gas during high seasonal demand and for strengthening the country’s energy independence in the long term,” the company said.
Ukrnafta owns 85 special permits for production of hydrocarbons, and has 1,809 oil and 153 gas wells on its balance sheet. The company owns 537 filling stations.
NJSC Naftogaz Ukrainy owns 50% plus 1 share of the largest oil producing company in the country, and a group of companies associated with the former shareholders of PrivatBank owns about 42% of the shares.

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GERMAN FM DISSUADES GERMAN CITIZENS FROM TRAVELING TO UKRAINE

The German Foreign Ministry issued an updated information bulletin on Saturday, which urges citizens not to visit Ukraine unnecessarily.
“It is recommended to refrain from trips to Ukraine. German nationals are urgently requested to leave the country now,” the document says.
It is noted that “tension between Russia and Ukraine” due to the massive presence of Russian military forces near the Ukrainian border “is growing again.”
“A military confrontation is possible at any time,” the bulletin says.

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RIBAS HOTELS GROUP PLANS TO EXPAND NETWORK IN LVIV, KYIV, KHARKIV AND ODESA

The hotel operator Ribas Hotels Group (Odesa) has preliminary agreements with developers to expand the network of WOL apart-hotels by opening new facilities in Lviv, Kyiv, Kharkiv and Odesa in the next 2-3 years.
As Artur Lupashko, founder of Ribas Hotels Group, told Interfax-Ukraine, according to preliminary agreements with developers, WOL and WOL Black apart-hotels with a total area of more than 20,000 square meters will be implemented in Lviv.
“We also have preliminary agreements to launch WOL apart-hotels in Kyiv and Kharkiv in the next two or three years,” he said.
In addition, it is planned to carry out repair work in the Odesa complex of Aura apartments with the aim of launching an apart-hotel in 2023.
“In addition, two more projects in Kyiv, two projects in Lviv, projects in Uzhgorod, Poltava and Mykolaiv are at the stage of active negotiations with developers,” Lupashko shared his plans.
Ribas Hotels Group is also partnering with developer Asgard in the Duck’s Lake apartment project in Lviv, work on which will start this year.

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