Business news from Ukraine

Business news from Ukraine

UKRAINIAN REGULATOR ALLOWS DIRECTOR OF GERMANY’S AGROLIFE GMBH TO BUY SVIT-AGRO

The Antimonopoly Committee of Ukraine has allowed Viktor Bazilchuk, who is listed as director of Agrolife GmbH on the website of the German supplier of animal feed and additives Agrolife GmbH, to buy more than 50% in Agrolife’s partner company Svit-Agro (Kyiv), which supplies feed additives and veterinary medicine.
The relevant permit was issued on January 28. The acquisition is planned indirectly through Austinola Limited (Cyprus).
According to the public register, the largest owner of Svit-Agro Trading House with 75.1% is Oleksandr Tymoshenko, who in late 2019 – early 2020 applied for the position of head of the State Fisheries Agency of Ukraine and had the highest score in the evaluation of candidates.
In addition, the company’s beneficiaries include Oleksandr Schnir’s Bridgewater Holdings Corp with 16.6% and Alarico Ltd (Belize) with 8.3%.
In his declaration, Tymoshenko indicated 25% in meat processing complex Stolychny LLC where 75%, according to the public register, belong to Bazilchuk. According to the data on the website, Stolychny has been exporting chicken since 2017, annually exporting about 2,600 tonnes of poultry meat.
According to the committee, the buyer’s group is engaged in the production and wholesale of animal feed, wholesale of grain, meal, cake, eggs, meat and meat products, pharmaceuticals and veterinary drugs, as well as provides processing and storage of grain, rents real estate.
Agrolife GmbH, according to the information on its website, is a supplier of oilseeds, cereals and feed additives for livestock in the markets of Germany, the EU and Ukraine. Agrolife GmbH together with the Danish Fermentationexperts AS are the founders of European Protein Ukraine LLC (Kyiv region).
In July 2018, the committee allowed Agrolife GmbH to acquire the Cypriot Cotone Investments Limited, which owns 100% of the shares of the feed manufacturer PJSC Kyiv-Atlantic Ukraine (Myronivka, Kyiv region). In the public register, the beneficiaries of Kyiv-Atlantic Ukraine through Agrolife GmbH are Natalia Bazilchuk with 56.33% and Borys Skyba with 18.78%.

,

UKRAINE CUTS ELECTRICITY EXPORT BY 92,6% IN JANUARY

Ukraine in January 2021 reduced electricity exports by 92.6% (by 645.3 million kWh) compared to the same period in 2020, to 51.9 million kWh, according to the data of NPC Ukrenergo. According to the calculations of Interfax-Ukraine, in particular, supplies from the Burshtyn TPP energy island in the direction of Hungary, Slovakia and Romania fell by 89.7% (by 448.9 million kWh), to 51.9 million kWh.
Electricity was not supplied to Poland and Moldova last month, while in January last year, 151.2 million kWh and 45.2 million kWh were exported in these directions, respectively.
Ukrainian electricity also was not exported to Belarus and the Russian Federation in January 2021 and 2020.
In addition, in January 2021, Ukraine reduced electricity imports by 52.4% (by 292.4 million kWh) compared to the same period last year, to 268.3 million kWh, including Belarus supplied 180.6 million kWh, Slovakia – 78.3 million kWh, Hungary – 6.9 million kWh, and Romania – 2.5 million kWh.
In addition, as Inter-Transmission Compensation mechanism associated with the parallel operation of the IPS of Ukraine with the power systems of neighboring countries and power supply to dead-end areas, 6.26 million kWh of electricity was imported from the Russian Federation last month and 0.01 million kWh from Belarus.
Emergency supplies from Belarus amounted to 3.13 million kWh, and 0.08 million kWh to Belarus.

,

Ukraine wants Ukrainian business to have more access to European markets

Prime Minister of Ukraine Denys Shmyhal says that Ukraine wants Ukrainian business to have more access to European markets, and negotiations will allow increasing the volume of trade quotas.

“We are talking about the further liberalization of trade between Ukraine and the EU. This will help increase our mutual trade and further convergence of economies … We want Ukrainian business to have more access to European markets, and hope that our negotiations will allow increasing the volume of quotas provided for our agreement with the EU,” Shmyhal said at a joint briefing with Executive Vice President of the European Commission Valdis Dombrovskis in Brussels.

Shmyhal stressed that Ukraine intends to use 2021 for solid work, the result of which should be an actual approximation to EU standards.

UKRAINIAN KSG AGRO RAISES EXPORT OF AGRICULTURAL PRODUCTS TO ASIA AND AFRICA

KSG Agro agricultural holding in 2020 increased export of agricultural products to African and Asian markets by 46%, to 7,770 tonnes, the holding’s press service has said.
“Last year, we expanded our presence in export African and Asian markets. In the context of the quarantine crisis, the issue of diversifying supplies and expanding the range of products supplied is especially acute,” Serhiy Kasyanov, the head of the board of directors of KSG Agro, said.
According to the agricultural holding, in 2020, the export of wheat flour to Libya increased by 3.6 times compared to 2019, to 3,000 tonnes.
It is clarified that KSG Agro exported 172 tonnes of sugar to Libya, 4,000 tonnes of corn to Malaysia, 600 tonnes of barley to Oman.
KSG Agro is a vertically integrated holding. It is engaged in pig breeding, production, storage, processing and sale of grain and oilseeds.
For the nine months of 2020, the agricultural holding received $ 4.77 million in net profit, which is 52% less than in the same period in 2019, revenue decreased by 17%, to $ 14.67 million.

, , , ,

PRESIDENT OF UKRAINE ZELENSKY THANKS GREEK PRESIDENT FOR HELPING OBTAIN COVID-19 VACCINE

President of Ukraine Volodymyr Zelenskyy thanked Greek President Katerina Sakellaropula for agreeing to assist in obtaining vaccine against COVID-19 and invited her to the celebration of the 30th anniversary of Ukraine’s independence
“I wish health to the Greek people. Grateful to President of Greece Katerina Sakellaropoulou for helping obtain more COVID-19 vaccine. I invite you to the 30th anniversary of Ukraine’s independence. Glad to facilitate the celebration of the 200th anniversary of the Greek revolution where our Odesa played an important role,” he wrote on his Twitter page.

, , , ,

Windrose to launch regular cargo flight between Kiev and Hong Kong

Windrose (Kyiv) from February 14, 2021 will open a regular cargo flight between Kyiv and Hong Kong.

According to the company’s press service on Tuesday, from February 14 to December 27, 2021, cargo flights on the Kyiv-Hong Kong-Kyiv route will be performed on Sundays from Kyiv to Hong Kong and on Mondays back.

“Windrose Airlines hopes that the opening of this program will help all market participants to accelerate the delivery of cargo both from Hong Kong to Kyiv and subsequently from Kyiv to Hong Kong,” the company said.

The flights will be operated by Airbus A330-200 P2F aircraft, which has been modified for cargo transportation.

As reported, in November 2020, Windrose signed a wet leasing contract for Airbus A330 aircraft to perform cargo flights from Kyiv to New York and Hong Kong.

,