Business news from Ukraine

Business news from Ukraine

SKYUP TO OPERATE FLIGHTS TO UZBEKISTAN

SkyUp Airlines, according to the released information, plans to operate four flights from Kyiv to Tashkent (Uzbekistan). They are scheduled for March 4, 11, 18 and 25.
Upon arrival in Uzbekistan, citizens of Ukraine must sign a commitment to undergo mandatory 14-day self-isolation at their place of residence or hotel.
Regardless of the presence of a certificate of the absence of COVID-19, upon arrival in Uzbekistan, citizens of Ukraine are required to undergo express testing for antigens to COVID-19 at their own expense.

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CZECH WITKOWITZ CONSIDERING POSSIBILITY OF BUILDING SMALL MODULAR NUCLEAR REACTORS IN UKRAINE

The Ministry of Energy and the Czech Witkowitz group of companies are considering cooperation in the construction of small modular nuclear reactors (up to 300 MW), the ministry said on Facebook following a meeting of the parties on Tuesday.
“We are on the verge of challenges associated with the need to decarbonize the economy. Green energy is actively developing. Therefore, we need to provide the system with balancing capacities,” Deputy Energy Minister Yuriy Boiko, quoted by the press service, said.
According to him, it is necessary to fully understand the economics of building such reactors and only after that make a final decision.
In his opinion, the place of such generation should be determined in the overall development of the power system of Ukraine and reflected in the energy strategy until 2050.
The Ministry of Energy said that a working group will be created for further elaboration of the issue.
Witkowitz is one of the most powerful engineering plants in Central Europe, founded in the 19th century and known for its innovative technological solutions.
Witkowitz plans to invest at least EUR 50 million in the creation of new production facilities on the basis of Pivdenmash (Yuzhmash, Dnipro), including for the repair of railway cars and locomotives at the first stage.
Estonian company Fermi Energia, established to develop a project for the possible construction of a new generation modular nuclear reactor (small nuclear power plant) in Estonia, plans to complete preliminary studies in 2021.

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UKRAINE REPLACES HEAD OF STATE SPACE AGENCY

The Cabinet of Ministers of Ukraine has appointed Deputy Head of State Space Agency of Ukraine (SSAU) Volodymyr Mikheev acting head of the agency. He replaced First Deputy Head of the SSAU Mykhailo Lev in this position.
The corresponding orders were adopted by the government on February 22 and made public on Tuesday.
As reported, Lev temporarily headed the SSAU since the middle of November, when Volodymyr Usov, who had headed the agency since January 24, 2020, was fired.

NIKOPOL FERROALLOY PLANT CUTS PRODUCTION BY 4% IN JAN

Nikopol Ferroalloy Plant (NFP, Dnipropetrovsk region) in January of this year reduced production by 3.9% compared to the same period last year, to 40,270 tonnes.
As the Ukrainian Association of Producers of Ferroalloys and Other Electrometallurgy Products told Interfax-Ukraine, in January 2021, the plant increased the production of silicon manganese by 0.3%, to 37,830 tonnes, but reduced ferromanganese and other ferroalloys by 42.2%, to 2,440 tonnes.
In December, the plant produced 36,230 tonnes of ferroalloys, in November – 35,180 tonnes, in October – 35,480 tonnes, in September – 35,200 tonnes, in August – 35,340 tonnes, and in July – 52,430 tonnes.
Earlier, during conference calls, Director General of Nikopol Ferroalloy Plant Volodymyr Kutsyn announced an increase in demand for ferroalloys, so the planned target for February was increased.
At a meeting held on February 16, it was noted that the plant was fulfilling the planned target for February in the amount of 48,000 tonnes. Heating of three more ovens also continues.
“Heating is proceeding according to the schedule: furnaces No. 7 and 16 are heated up by 60%, furnace No. 8 – by 40%,” the Electrometallurg newsapaper said, citing the head of the production and technical department.
As reported, Nikopol Ferroalloy Plant in 2020 reduced production by 29.1% compared to the previous year, to 513,320 tonnes.

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UKRAINE PLANS TO LAUNCH COVID-19 VACCINATION ON WEDNESDAY

Ukraine is launching its COVID-19 vaccination campaign on Wednesday, Ukrainian Health Minister Maksym Stepanov said.
“The COVID-19 vaccination campaign is starting today [on February 24]. The first vaccine [shipments] were sent to the regions at 7:00 a.m. I have set an objective to carry out the first stage of vaccination within a short period of time,” Stepanov said at a press briefing in Kyiv on Wednesday.
Ukraine has enough vaccine doses for the first and second stages of the campaign, the minister said.
“We are expecting supplies through the COVAX initiative of more than 100,000 doses from the Pfizer company, around two million doses from Sinovac, 1.5 million doses from AstraZeneca, another four million doses or so from Serum Institute under COVAX, a contract for ten million doses from Novavax has already been signed, and we plan to sign a contract for another five million doses in the near future,” Stepanov said.
This amount of vaccine doses is more than enough for a full-fledged vaccination drive this year, he said.
“Apart from that, we are going to sign more contracts and already have relevant agreements,” Stepanov said.
Stepanov also said that he had visited the Bharat Biotech enterprise, which has developed a COVID-19 vaccine, during his visit to India.
“The vaccine has undergone the three phases of clinical trials, with the final stage involving more than 25,000 volunteers. The final results of the phase 3 trials are expected to become available within the next ten days. Scientists’ tentative conclusions are optimistic – the vaccine is effective and safe,” the minister said.
“During the negotiations with the company, we reached an agreement confirming the mutual readiness of the producer and Ukraine to take part in clinical trials of a new development, which is a vaccine in the form of nasal spray or drops. They are starting the phase 1 trials, while the phase 2 and phase 3 trials may be conducted partly in Ukraine. The clinical trials should be completed before September-October. Conducting such trials in Ukraine will give us priority access to the vaccine if its efficacy is proven,” Stepanov said.
The State Expert Center of the Ukrainian Health Ministry, in turn, has announced that it finished reviewing the AstraZeneca and Pfizer vaccines for the novel coronavirus on February 22.

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BRITISH AMERICAN TOBACCO WINS APPEAL ABOUT UAH 450 MLN FINE

The Northern Commercial Court of Appeal on February 23 upheld a complaint of PJSC A/T B.A.T. – Pryluky Tobacco Company owned by British American Tobacco (BAT) related to the decision of the trial court and the Antimonopoly Committee of Ukraine on imposition of a fine UAH 450 million, the company’s press service said on Wednesday.
“The Court of Appeal has carefully examined the evidence and facts of the case and has found erroneous the legal position of the court of the first instance and groundless the qualifications of the Antimonopoly Committee of Ukraine, on which we have been repeatedly emphasizing,” the press service of BAT said.
The company said that it welcomes the decision of the Court of Appeal. After more than a year of judicial debates, we have finally achieved justice in our cause and proved our rightness. The company believes that the court’s decision guarantees the stable functioning of the constitutional state in Ukraine and serves as a strong positive signal to investors from around the world. The press service of the company told Interfax-Ukraine that B.A.T. – Pryluky did not admit his guilt and did not pay the fine imposed by the committee in the amount of UAH 450 million.
As reported, the Antimonopoly Committee in October 2019 imposed a fine of UAH 6.5 billion for anti-competitive concerted actions on cigarette manufacturers and distributors: UAH 3.4 billion on Tedis Ukraine, UAH 370 million on Philip Morris Sales and Distribution, UAH 810 million on Philip Morris Ukraine, UAH 430 million on PJSC JT International Ukraine, UAH 490 million on PJSC JT International Company Ukraine, UAH 170 million on Imperial Tobacco Production Ukraine, UAH 290 million on Imperial Tobacco Ukraine, UAH 80 million on British American Tobacco Sales and Marketing Ukraine LLC, UAH 450 million on PJSC A/T B.A.T. – Pryluky Tobacco Company, and also ordered these companies to stop violations.
According to the court decisions database, the Northern Commercial Court of Appeal heared the claim of B.A.T. – Pryluky over the fine imposed by the committee behind closed doors at the request of the committee.
On January 26, 2021, British American Tobacco Sales and Marketing Ukraine lost an appeal over the fine of UAH 80 million paid by the company with the Northern Commercial Court of Appeal. According to the company, the fine imposed by the committee was paid to avoid the accrual of penalties, although the manufacturer did not admit his guilt.
At the same time, Tedis Ukraine on February 2 was the first to achieve the satisfaction of the appeal against the committee in the Supreme Court and the invalidation of the fine of UAH 3.4 billion, which the company has not yet paid. The Supreme Court said that it upheld the cassation due to the impossibility of bringing any person to justice on the basis of decisions of the committee in other cases (as adjudicated), without obligatory proof of guilt in each individual case and taking into account the erroneous legal qualification of actions of Tedis Ukraine LLC.