Business news from Ukraine

Business news from Ukraine

STATE-OWNED ARTYOMSOL PLANS TO INCREASE CAPITAL INVESTMENTS BY 3.8 TIMES IN 2021

The state-owned enterprise Artyomsol in 2020 reduced salt production by 41%, to 1.18 million tonnes, which is associated with weather conditions, quarantine and increased competition in world markets, the company said in a press release on Tuesday.
According to it, Artyomsol produced 762,200 tonnes of ground salt used for sprinkling roads without packaging, which is half as much as in 2019, and this is associated with a warm winter in Ukraine and far abroad. According to the state-owned enterprise, the production of packaged salt increased by 3.6%, to 186,400 tonnes, whiles the production of iodized salt decreased by 6.6%, to 53,200 tonnes.
Salt packed in bags (10 kg, 20 kg and 50 kg) was produced in 2020 by 27.6% less only 147,600 tonnes, production of salt packed in flexible intermediate bulk containers reduced by one third, to 51,000 tonnes.
The output of salt briquettes over the year, according to a press release, decreased by 6.7% , to 11,200 tonnes, while salt blocks increased by 17%, to 3,400 tonnes.
The state-owned enterprise indicated that in 2020 the enterprise shipped its products to 15 countries of the world. The main importers of its products are Hungary, Poland, Slovakia, Romania and Belarus. More than 70% of the products were sent to the Ukrainian market.
According to the enterprise, at the end of 2020, there was a tendency to increase production volumes of the entire range.
“We have started a program of ‘rehabilitation’ of the enterprise, which includes a set of rapid measures to improve production efficiency and social support for workers. In 2021, we plan to increase investments in renovation and modernization of production to UAH 250 million, while in 2020 the volume of capital investments amounted to UAH 66 million,” Acting Director of Artyomsol Victoria Lutsenko said.
Artyomsol is one of the largest enterprises for the extraction and sale of sodium chloride (NaCl) in Central and Eastern Europe. The production facilities of Artyomsol are located in Soledar, Donetsk region.

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ACCOR PLANS TO OPEN SECOND IBIS HOTEL IN LVIV

International hotel operator Accor (France) plans to open a second Ibis hotel in Lviv in 2021.
The Ibis Lviv hotel will be located in the city center, according to the company’s press release published by PRNewswire.
Earlier in April 2019, the Lviv City Council agreed on urban planning conditions and restrictions for the design, construction and reconstruction of a building located at 23A, Ivana Franko Street.
According to Zaxid.net with reference to Chief Architect of Lviv Yulian Chaplynsky, on the site of the former Charivnytsia beauty salon at 23A, Ivana Franka Street, it is planned to open a hotel of the Ibis chain of AccorHotels. The facility will become the fourth in the Ibis chain in Ukraine and the second hotel of the AccorHotels operator in Lviv.
According to the newspaper, the height of the building will not be raised, and office premises will be arranged on the technical fifth floor.
As reported, Accor has also signed a management agreement for the Swissotel Living hotel located at 13, Liuteranska Street in the Pechersky District of Kyiv, which is scheduled to open in 2021-2022.
The Accor Group, one of the world’s leading hotel operators, opened the first Novotel-branded hotel in Lille, France in 1967.
In Ukraine, AccorHotels operates three-star Ibis hotels in Kyiv, Ibis Styles and Gruner in Lviv, five-star Fairmont Grand Hotel in Kyiv, and Mercure Kyiv Congress Hotel. In addition, one hotel managed by Accor is located in Odesa – MGallery Hôtel de Paris.

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DRAGON CAPITAL SELLS LOGISTICS COMPLEX

Dragon Capital has completed the sale of the Omega-2 class A logistics complex with an area of ​​32,700 square meters in Brovary (Kyiv region), according to its press service on Monday.
“This is our first closing of a commercial real estate sale deal after we made a bet on this segment in 2016, and it demonstrates that there are opportunities in this market not only for profitable investments, but also for exits,” Dragon Capital Managing Director Volodymyr Tymochko said.
According to him, the company also continues to consider the possibility of spot acquisitions in the warehouse real estate sector. In addition, the plans also include the development of the company’s industrial parks in Kyiv (E40 Industrial Park) and Lviv (Ryasne-2).
Dragon Capital is one of the largest groups of companies in Ukraine, which works in the field of investment and financial services and provides a full range of investment banking, brokerage, and asset management services to institutional, corporate and private clients.

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PASSENGERS CARRIED IN JAN-NOV OF 2020, IN MLN

Passengers carried in Jan-Nov of 2020, IN MLN.

UKRAINE PLANS TO RESTORE KIEV-PRZEMYSL TRAIN

JSC Ukrzaliznytsia has asked the Ministry of Infrastructure of Ukraine to help with the resumption of Intercity high-speed trains on the Kyiv-Przemysl route.
“We have once again turned to the Ministry of Infrastructure with a request to send a request to their Polish colleagues to restore this route. This is very important for us, it was one of our most profitable routes,” Ukrzaliznytsia Head Volodymyr Zhmak said on the air of the Ukraine with Tigran Martyrosian program on Ukraine 24 TV Channel.
At the same time, he said that he had no doubts about the relevance of this direction.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 19/01/21

National bank of Ukraine’s official rates as of 19/01/21

Source: National Bank of Ukraine