Business news from Ukraine

Business news from Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF APRIL 10

Official rates of banking metals from national bank as of April 10

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 10/04/20

National bank of Ukraine’s official rates as of 10/04/20

Source: National Bank of Ukraine

KSG AGRO LAUNCHES SOWING CAMPAIGN

On April 8, the farms that are part of KSG Agro agricultural holding launched the 2020 spring sowing campaign intend to plant 7,200 hectares of sunflower, some 2,200 hectares of corn and some 548 hectares of sorghum.
According to a Thursday press release of the agricultural holding, the sowing campaign that started on the holding’s farms is a routine, in accordance with the planned schedule. All agricultural enterprises are provided with fertilizers, crop protection products and seed in sufficient quantities.
The agricultural holding said that all necessary measures are being taken to prevent coronavirus disease (COVID-19) spread.
“This is primarily daily temperature screening of the employees and providing them with personal protective equipment (masks, gloves, disinfectants). Disinfectants are placed near all workplaces,” KSG Agro said.

BIOSPHERE PLANS TO LAUNCH DIAPER PRODUCTION IN UKRAINE

Biosphere Corporation has postponed the launch of the diaper production line with Italian equipment for a month, but plans to start the mass production of diapers in May, the corporation’s press service has told Interfax-Ukraine.
“Despite the quarantine and the impossibility of the Italians to visit our factory in Dnipro, our specialists remotely learned how to assemble, understood the process and assembled the equipment within a month. It will be launched a few weeks later than planned, but we are already preparing to launch it,” the press service said.
The corporation invested in Italian equipment for that line, the installation of which was postponed due to quarantine in Italy.
The Biosphere Corporation has been operating in Ukraine for over 20 years. Its products are presented in about 20 markets of Europe and Asia. The product portfolio includes more than 2,000 items.

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MCDONALD’S IN UKRAINE AIMS TO RETAIN STAFF

McDonald’s Ukraine Ltd. (Kyiv), foreign-owned enterprise, which is developing the U.S. fast food restaurant chain McDonald’s in Ukraine, has suspended the recruitment of new employees due to quarantine and aims to maintain the current team.
“The closure of restaurants affected the company’s activity. Most of the business does not work, because restaurants are closed, and food can only be purchased through delivery or McDrive. Since people are the core of our business, we directed all our efforts to maintaining the team, its support and internal communication with employees who do not work forcibly,” the company’s press service told Interfax-Ukraine.
To date, the company’s staff consists of almost 10,000 people, about 60% of them, are now idled due to the closure of restaurants under quarantine. In particular, about 55 restaurants of the U.S. chain are working with delivery partners, or through McDrive. No more than 40% of the company’s staff supports the operation of these restaurants.
“All employees of closed restaurants and those employees, who are over 55 years old, received payments for idle period or got paid leaves. In general, this is almost 60% of the McDonald’s team in Ukraine. Some employees chose unpaid leave to use later annual paid leave for the vacation. In addition, we have suspended recruitment and plan to save the jobs of our employees.”
The McDonald’s restaurant chain has 92 restaurants in 19 cities throughout Ukraine.

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KYIV-BASED RAUTA DEVELOPS DESIGN OF PREFABRICATED MOBILE HOSPITALS

Kyiv-based Rauta Group LLC, in cooperation with the Confederation of Builders of Ukraine and the Ukrainian Steel Construction Center, has developed a design of prefabricated mobile hospital, which can be constructed within two weeks.
The company said that a mobile hospital has enough space for accommodation of 72 patients and comfortable conditions for work of medical staff. The construction contains two autonomous zones with wards for patients in moderate and critical condition, as well as an intensive care unit, offices for the chief doctor and head nurse, rest rooms for the staff and other premises.

The hospital structure consists of prefabricated sandwich panels which meet all construction standards, sanitary requirements, safety regulations and energy efficiency standards. The design of the building provides a possibility to use renewable energy sources such as solar panels and heat pumps.
Technologies and materials which are highly resistant to viruses, bacterium and frequent sanitation are used in the structure.
The life-time cycle of such a building is more than 30 years.
General Manager of Rauta Group Andriy Ozeychuk said that the project is highly optimized for using ready-made solutions that can be mounted manually without use of wet processes and welding.
“If necessary, such a modular hospital can be easily disassembled and moved to another region, as well as expanded or converted for other purposes,” he said.
Ozeychuk also stressed that “the project of a domestic company should draw attention of the Health Ministry for systemic response to challenges of the pandemic, as well as for the elimination of negative influence of any epidemics and disasters on Ukrainian citizens in future.”
Rauta Group was set up in 2014. Its core business is the design of constructions, supply and assembly of construction materials. The company has a license for the construction of facilities with medium (CC2) and high (CC3) consequences.
According to the unified state register, the owner of a 100% stake in the statutory capital of the company is Andriy Ozeychuk.

The statutory capital of the company amounts to UAH 388,600.

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