Business news from Ukraine

STATE-RUN UKRZALIZNYTSIA SAVES ENERGY RESOURCES WORTH OVER $6 MLN SINCE START OF 2019

Ukrzaliznytsia (Kyiv) has saved energy resources worth more than $6 million (UAH 165 million) since the beginning of 2019 thanks to the implementation of the energy and resource saving program for railway transport for 2019-2020 and the purchase of modern rolling stock.
According to the press service of the company, in particular, electricity consumption in the first quarter of 2019 was reduced by almost 30 million kWh, diesel fuel by about 4,000 tonnes, natural gas by more than 400,000 cubic meters.
“Thanks to the acquisition and commissioning of General Electric locomotives, over the five months some 1,970 tonnes of diesel fuel was saved, which reduced the cost of purchasing fuel by almost UAH 58 million. Thanks to the elimination of energy intensive train speed limits, 108 tonnes of diesel fuel worth UAH 3 million and 3,574 kWh of electricity worth almost UAH 7.2 million were saved,” Ukrzaliznytsia said.
In addition, according to the company, energy saving was also promoted by the work of traction energy laboratory wagons, which made 243 research trips.

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NIKA-TERA SEA TERMINAL RAISES TRANSSHIPMENT OF GRAIN AND LEGUMINOUS CROPS BY 88%

Nika-Tera sea terminal (Mykolaiv) in the 2018/2019 marketing year (MY, July-June) handled 4.7 million tonnes of grain and leguminous crops, which is 88% more compared to the previous MY.
According to a report on Nika-Tera’s website, in the 2018/2019 MY the port grain transshipment items included corn (50%), wheat (34%), soybeans (8%), barley (5%), and peas (3%).
In addition, during this period, the terminal shipped 350,000 tonnes of soybeans, which is seven times more than the figure for the same period of the last marketing year.
Some 240 vessels with grain and leguminous crops were shipped for export.
During the period from July 2018 to June 2019, Nika-Tera handled 395 vessels, and the volume of transshipment amounted to 7.25 million tonnes of cargo.
As reported, in 2018 Nika-Tera seaport handled 335 vessels, transshipping 5.84 million tonnes of freight, which is 40% more than in 2017.
Nika-Tera is a modern highly mechanized marine terminal, part of Group DF’s port business.

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UKRAINE TO INVEST UAH 1.2 BLN IN NOVOKOSTIANTYNIVSKE URANIUM DEPOSIT

Ukraine’s Ministry of Economic Development and Trade estimates the need for investment in a project to develop production capacity of the Novokostiantynivske uranium ore deposit (SE VostGOK, also SkhidGZK) in Kirovohrad region at UAH 2.9 billion, including UAH 1.2 billion from the national budget and another UAH 1.7 billion are the enterprise’s own funds.
According to the ministry’s press release, VostGOK had already allocated UAH 0.35 billion under the project as of January 1, 2019.
The ministry expects that the project will increase the production of uranium concentrate from the raw materials mined at the field by 2.1 times, from 336 tonnes in 2018 to 701 tonnes in 2021. It will also let create 200 new jobs.

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UKRAINE EXPORTS 50.4 MLN TONNES OF GRAIN AND FLOUR

Ukraine saw a record high export of 50.4 million tonnes of grain, leguminous crops and flour in the 2018/2019 marketing year (MY, July 2018 through June 2019), which was 23% more than on the same date of the previous MY.
The Agrarian Policy and Food Ministry reported with reference to the State Fiscal Service, that maize exports totaled 29.82 million tonnes, shipments of wheat and wheat-and-rye blends abroad totaled 15.6 million tonnes, while 3.7 million tonnes of barley and 87,800 tonnes of rye were exported during the reporting period.
Some 301,280 tonnes of flour were also exported by the said date.
As reported, Ukraine in MY 2017/2018 exported 40.9 million tonnes of grain and flour.
According to the Agrarian Policy and Food Ministry, Ukraine exported 1 million tonnes of grain and leguminous crops and 10,500 tonnes of flour from July 1, when the new 2019/2020 marketing year started, to July 12, 2019.

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METINVEST JOINS DUTCH ASSOCIATION OF METALLURGICAL INDUSTRY

Metinvest B.V. (the Netherlands), the parent company of the international vertically integrated mining and metallurgical group Metinvest, has become a member of the Dutch Association of Metallurgical Industry (VNMI). According to a press release from the company, the trade association of Dutch producers of raw materials, semi-finished goods and finished steel products VNMI was established in 2000, uniting more than 80% of the players in the steel industry in the Netherlands.
The association represents Dutch steelworkers in European business associations in The Hague and Brussels. VNMI focuses on four areas: health and safety, energy and climate, sustainability and corporate social responsibility, trade and innovation.
It is noted that Metinvest Group has been developing these areas since its creation. The company supports global initiatives and participates in international environmental projects. In 2010, Metinvest joined the UN Global Compact.

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JUSTICE MINISTRY REGISTERS UKRAINIAN STATE CUSTOMS SERVICE

The State Customs Service on July 16 was registered in the unified state register of legal entities, individual entrepreneurs and public organizations of the Ministry of Justice. “When you enter the register and you are happy. Today Maksym Nefyodov [the head of the State Customs Service appointed as a result of a tender] has registered the State Customs Service,” Finance Minister Oksana Markarova said on Facebook.
As reported, on July 13 Nefyodov completed his work as deputy minister of economic development and trade and from July 15 began to serve as head of the customs service.
The government of Ukraine in December 2018 decided to divide the State Fiscal Service into the State Customs Service and the State Tax Service. The State Tax Service was registered earlier, and the creation of the State Customs Service was delayed because of contesting the tender for the head of the department in court.

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