Business news from Ukraine

Business news from Ukraine

UKRAINIAN EMBASSY IN US GRADUALLY RESTORING RECEPTION OF VISITORS FROM JUNE 9

The Ukrainian Embassy in the United States is gradually restoring the reception of citizens, it will be carried out exclusively by appointment, the Ukrainian diplomatic mission said.
“We inform that from June 9, 2020, the Embassy is gradually restoring the reception of visitors on consular issues,” the Embassy said on its Facebook page on Friday evening.

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UKRAINIAN PARLIAMENT SETS UP AD HOC PANEL ON PROTECTION OF INVESTORS’ RIGHTS

Verkhovna Rada of Ukraine has set up an ad hoc panel on protection of the investors’ rights.
A total of 319 MPs voted for this resolution at its plenary meeting on Friday.
According to an explanatory note, setting up of the commission will promote conditions for the investment activity in Ukraine and protection of rights and freedoms of the investors.
Member of the Servant of the People faction Halyna Yanchenko became head of the panel, Holos faction member Yaroslav Zhelezniak became her deputy. Eleven MPs make up the panel.

EXPERT PROSPECTS OF THE SERVANT OF THE PEOPLE PARTY AT LOCAL ELECTIONS IN OCTOBER 2020

The local election campaign has begun and the regional elites started investing in headquarters, advertising and PR campaigns. The local elites used the situation with the quarantine and poor coordination of events in the top-down system for self-promotion before the elections due on October 25, 2020, political technologist Kyrylo Molchanov, who is also an expert at the Ukrainian Institute of Politics, said.
In the second program “Expert Kitchen” on the Expert Club YouTube channel, Molchanov made assessment of the incumbent mayors’ chances to be re-elected for a new tenure at the upcoming elections.
The expert said that Hennadiy Kernes in Kharkiv, Vitali Klitschko in Kyiv and Hennadiy Trukhanov in Odesa have the highest chances to stay on their posts. He also noted that one should expect the most interesting election campaigns in Dnipro and Lviv, where Andriy Sadovy has lost his positions in recent years.
Speaking about prospects of parties, the expert said that some political forces continue dominating in certain regions where they used to be popular. The main struggle will take place between the Opposition Platform – For Life and the Servant of the People in southeastern Ukraine, between the Servant of the People and Batkivschyna in central regions, and the so-called pro-European and nationalist forces in western Ukraine.
According to Molchanov, the ruling party in general will fail to repeat the success of its previous campaigns as its popularity continues declining. Therefore, the Servant of the People will have to form coalitions with other parties in regions, which may result into unexpected political consequences both in Ukraine’s regions and, hence, in the central government.
Find more details about the 2020 local election campaign in the video on the Expert Club YouTube channel:

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UKRAINIAN MANUFACTURER OF PET FOOD ENTERS ITALIAN AND SPANISH MARKETS

Kormotech LLC (Lviv region), a large Ukrainian manufacturer of cat and dog food, has launched first shipments of its products to Spain and Italy. The company said in its press release on Friday that by the end of the year it plans to export 1.5 tonnes of premium and super premium pet food to each of these countries.
“The first shipment to Italy was made on Wednesday, June 3. Dry and wet super premium food for cats and dogs under the brand Optimeal will be sold in the online shop Healthy Pet Italy. The company will sell its products in Spain under two Ukrainians brands: Optimeal and Club 4 Paws,” Kormotech said.
Kormotech LLC is the leading Ukrainian producer of feed for cats and dogs. The company exports products to 31 countries, including the United States, Great Britain, Germany, France, Finland, Sweden, the Netherlands, Spain, Italy, Poland, Turkey, Iran and Chile.
The ultimate beneficiaries of Kormotech are Olena and Rostyslav Vovk.

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ONE OF THE LARGEST UKRAINIAN AGRICULTURAL GROUPS PLANS TO INVEST $170 MLN IN ALTERNATIVE ENERGY PROJECTS

Kernel, one of the largest Ukrainian agricultural groups, will channel $170 million in the implementation of alternative energy projects.
The agricultural group said on its Facebook page on Friday that a green energy turbine with a capacity of 7.5 MW operates to its full capacity at the oil crushing plant in Kropyvnytsky.
“Six more Kernel’s plants operate in the same format until 2021 and generating a total of 90 MW. In particular, Starokostianstyniv oil crushing plant, which is being constructed in Khmelnytsky region, will become the largest modern oil crushing plant in Ukraine,” Kernel said.
According to the group, Starokostianstyniv oil crushing plant will have a turbine with a capacity of up to 20 MW.

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