Business news from Ukraine

Business news from Ukraine

NOVA POSHTA LAUNCHES AIR DELIVERY SERVICE IN UKRAINE

The Nova Poshta Group from October 10, 2019 launched the air delivery service for nine settlements of western Ukraine and 16 settlements in the East of the country, the company has reported.
Surcharge for the service at standard rates is UAH 30 per kilogram.
The new service allows you to provide daily delivery between cities in the west and east of Ukraine. “For example, if you send a parcel before 15:00 in a Mukachevo branch, it will be delivered to the Mariupol branch by 18:00 the next day. It will be the same, if one sends it on the Zaporizhia-Sambir route. Flights on the Lviv-Dnipro-Lviv route are operated from Monday through Friday weekly,” the group said in the report.
The customer receives guaranteed delivery the next day. If the company does not have time to deliver on time, the client will receive compensation for the full cost of delivery.
One can order the air delivery service for parcels up to 30 kg in the branches, while the delivery will be only on weekdays.
Currently, one can order the air delivery service in the offices of nine settlements of western Ukraine (Lviv, Mukachevo, Uzhgorod, Drohobych, Mostyska, Novoyavorovsk, Sambir, Stryi and Chervonohrad) and 16 cities of the east and south of the country (Dnipro, Zaporizhia, Kamianske, Kremenchuk, Kryvy Rih, Kropyvnytsky, Mariupol, Mykolaiv, Novomoskovsk, Pavlohrad, Poltava, Severodonetsk, Sloviansk, Sumy, Kharkiv, and Kherson).
Nova Poshta plans to expand the geography of air delivery.

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UKRAINE EXPORTS MORE THAN 15 MLN TONNES OF GRAIN

Ukraine since the beginning of the new 2019/2020 marketing year (MY, July-June) as of October 11, 2019 had exported 15.096 million tonnes of grain and legumes, which is 4.6 million more than on the same date of the previous MY.
According to the Ministry of Agrarian Policy and Food, to date, Ukraine has exported 9.6 million tonnes of wheat, 3 million tonnes of barley, and 2.4 million tonnes of corn.
As of October 11 this year, farmers had exported 92,800 tonnes of flour.
As reported, with reference to the ministry, in the 2018/2019 MY farmers exported a record 50.4 million tonnes of grain, legumes and flour, which is 23% more than in the previous MY.
The U.S. Department of Agriculture (USDA) in September raised its forecast for grain exports for the 2019/2020 MY by 400,000 tonnes compared with the August forecast, to 54.44 million tonnes.

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NIBULON CONFIRMS INTENTION TO BUILD TRANSSHIPMENT TERMINAL IN UKRAINE

JV Nibulon LLC (Mykolaiv), one of the largest grain traders in Ukraine, has confirmed its intention to build a terminal in Mykolaiv for loading grains and oilseeds to river transport with a storage capacity of 120,000 tonnes of agricultural products.
“With this initiative, our company has been contacting the competent authorities since 2016, but this issue has not been resolved for more than two years. Despite this, we confirm our intention for the construction of this facility,” Nibulon said in a statement.
Nibulon confirmed its intentions in connection with the publication on the official website of Mykolaiv City Council of design documentation and a report on strategic environmental assessment. In particular, the matter concerns the construction of a terminal with an area of 5.67 hectares, a storage capacity of 120,000 tonnes of grain products, and an area for trucks of 2.5 hectares for loading grain and oilseeds to the Nibulon river transport.
JV Nibulon LLC was established in 1991. It is one of the largest operators in the grain market of Ukraine.

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NEW HEAD OF ODESA REGIONAL STATE ADMINISTRATION APPOINTED

President of Ukraine Volodymyr Zelensky has appointed Maksym Kutsy as head of the Odesa Regional State Administration. “To appoint Kutsy Maksym Vasyliyovych as the head of the Odesa Regional State Administration,” decree No. 746/2019 of October 11, published on the website of the head of the Ukrainian state, says.
By another decree (No. 745/2019), he fired Svitlana Shatalova from the post of Acting Head of the Odesa Regional Administration.

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UKRAINIAN DTEK TO DEAL WITH CROATIAN ENERGY COMPANY HEP

DTEK has signed a memorandum of understanding and business cooperation with the Croatian energy company HEP (Hrvatska elektroprivreda d.d.).
According to the company’s press release, the document signed in Split provides for cooperation in the field of energy trade, the implementation of joint projects in foreign markets, including investment in energy assets.
The first step in the framework of DTEK’s cooperation with HEP is the test supply of electricity by subsidiary of DTEK Hungary Power Trade in the amount of up to 2,500 MWh in October this year. Next year, the volume of trade may increase to 1.3 million MWh.
According to DTEK Director General Maksym Tymchenko, access to foreign markets and international partnership are one of the vectors of the company’s long-term strategy.
“Today we are already cooperating with more than 20 European companies in the field of energy trading, which confirms the status of DTEK as a reliable international partner. The signing of the memorandum of cooperation with HEP, the leader of the energy sector in Croatia, is another step in expanding our presence in European energy markets. We are considering it as another step towards the rapprochement of Ukrainian and European energy systems, which is the key to strengthening Ukraine’s energy security,” he said.
“Our partnership will make a significant contribution to the achievement of Croatia’s strategic goals, such as diversifying energy supplies and enhancing Croatia’s energy security and stability. In the field of renewable energy, both DTEK and HEP have made significant progress over the past few years. In the field of “green” energy we see great opportunities for intensive cooperation,” chairman of the board at HEP Frane Barbaric said.

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GRAIN HARVEST IN UKRAINE COULD HIT RECORD OF 80 MLN TONNES

Deputy Governor of the National Bank of Ukraine (NBU) Dmytro Sologub has said that grain harvest in Ukraine this year could reach 80 milion tonnes compared with 70.1 million tonnes in 2018. “This year, grain crops harvest in Ukraine could hit a record of 80 million tonnes, and this is not a coincidence, not a factor of favorable weather conditions, but rather an increase in the effectiveness of the agricultural sector, which has invested a lot in updating machinery and technologies in recent years,” the NBU said in a message on its Facebook page citing the deputy NBU governor.
In addition, according to Sologub, 80 million tonnes of grain is not the limit, and land reform can contribute to a significant increase in crop yields in the coming years.
As reported with reference to the Ministry of Agricultural Policy and Food, this year the harvest in Ukraine may reach 71.1 million tonnes (of which wheat – 27.8 million tonnes) compared to 70.1 million tonnes in 2018.

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