Business news from Ukraine

Business news from Ukraine

ALLO GROUP OF COMPANIES CREATES POSTAL OPERATOR

The Allo Group of Companies, which develops the eponymous retail network of appliances and consumer electronics, launches a new postal and logistics operator Allo Express in Ukraine, the corresponding entry was made in the Unified State Register of Postal Operators, the press service of the company said.
“In today’s realities and taking into account the significant overflow of retail sales to online, it was decided to restructure the processes of our own logistics and invest in the creation of our own postal operator. We plan to develop the delivery service in two directions: delivery of Internet orders to any branch of Allo Express, and also targeted courier delivery to the customer,” says CEO of Allo Group Maksym Raskin.
The company will provide services for the delivery of online orders from the website allo.ua. The offices of the postal operator Allo Express will be located in the existing Allo stores in 140 cities of Ukraine.
According to the report, in addition to classic postal services, the operator plans to provide a range of financial services in partnership with Electrum Payment System LLC (NBU license No. 43): transfer of funds without opening accounts and other financial services within the Electrum payment system and other payment systems.
According to the company, the service will be available in all branches of the postal operator in the near future.
It is also planned to develop several formats of post offices, including outside the existing Allo stores.
In 2021, all online orders placed on the website allo.ua can be received at the offices of Allo Express, or using targeted courier delivery of this operator, the press service reported.

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UKRAINE CUTS STEEL OUTPUT BY 5.9%

Ukraine’s metallurgical enterprises in October 2020 reduced steel production by 5.9% compared to the same period in 2019, to 1.653 million tonnes, ranking 14th among 64 countries, the world’s main producers of these products compiled by the World Steel Association (Worldsteel).
In October, a rise in steel production from October 2019 was recorded in most of the top ten countries, except for Japan, the United States and South Korea.
The top ten steel producing countries in October are as follows: China (92.202 million tonnes, an increase of 12.7%), India (9.058 million tonnes, a drop of 0.9%), Japan (7.2 million tonnes, a drop of 11.7%), the United States (6.143 million tonnes, a drop of 15.3%), Russia (6.05 million tonnes, 4.3% up), South Korea (5.859 million tonnes, 1.8% down), Germany (3.417 million tonnes, 3.1% up), Vietnam (3.372 million tonnes, an increase of 111.5%), Turkey (3.208 million tonnes, an increase of 19.4%), and Brazil (2.784 million tonnes, an increase of 3.5%), and
They are followed by Iran (2.66 million tonnes, an increase of 27.9%), Italy (2.119 million tonnes, a drop of 4.6%), Taiwan (1.66 million tonnes, a decrease of 3.1%), Ukraine (1.653 million tonnes, a decrease of 5.9%), and Mexico (1.47 million tonnes, 1.1% up).
In October, 64 countries produced 161.89 million tonnes of steel, which is 7% more than in October 2019.
In January-October 2020, 64 countries produced 1.511 billion tonnes of steel, which is 2% less than a year ago.

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BIOPHARMA COLLECTS CORONAVIRUS PLASMA TO PRODUCE IMMUNOGLOBULIN

Biopharmaceutical company Biopharma (Kyiv) has collected COVID-19 plasma for the production of the first batch of hyperimmune immunoglobulin, President of the company Kostiantyn Yefymenko has said.
Biopharma has collected 2,200 liters of COVID-19 plasma. For the first loading of the fractionator, 1,800 liters are needed, we have an even larger volume,” he told reporters during a visit to the company’s plasma center in Kyiv on Tuesday, November 24.
Yefymenko said that the company plans to carry out the first load of the fractionator next week to produce the first batch of hyperimmune immunoglobulin from the plasma of people who have had COVID-19.
According to Yefymenko, it takes eight or nine days to produce the drug.
The company started collecting COVID-19 plasma in May, but the collection process was slow at that time as the number of people who had COVID-19 was small.
“Now the speed of plasma collection has increased,” Yefymenko said.
He reported that the cost of one bottle of the drug can reach UAH 10,000, three or four bottles could be needed for treatment.
The production of one bottle requires about 2.5 liters of plasma. During one donation, a donor can donate up to 800 milliliters of plasma.
Biopharma is a Ukrainian biotechnology company, the only plant in Eastern Europe that has modern technologies, has been producing and developing drugs from donor plasma for almost 50 years.
The company is focused on providing medicines to Ukraine and on a contract basis, supplies its products to more than 30 countries around the world. In the fall of 2019, Biopharma moved its production to a new research and production complex in Bila Tserkva.
The company is developing a network of its own plasma centers. Now they work in Sumy, Shostka, Konotop, Cherkasy, Dnipro and Kharkiv.

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VODAFONE ESTIMATES INVESTMENTS IN 4G PROJECT AT UAH 4 BLN

The mobile network operator Vodafone Ukraine estimates investments in the 4G project in the 900 MHz (LTE 900) band at UAH 4 billion.
“If we talk about investments in general, according to our estimates, only the LTE 900 technology project will take about UAH 4 billion. This is a lot of money. At the same time, we are increasing the network capacity in large cities. We are investing in transport. And this is only the LTE 900 figures,” CEO of Vodafone Ukraine Olha Ustinova said at a briefing on Tuesday.

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UKRZALIZNYTSIA LAUNCHES HIGH-SPEED TRAIN KYIV-SLAVSKE

JSC Ukrzaliznytsia will launch the high-speed train Intercity + No. 745/746 Kyiv-Slavske (Lviv region) from December 15.
According to the press service of Ukrzaliznytsia on Tuesday, November 24, the high-speed train Hyundai Rotem will run on this route. Train No. 745 will depart from Kyiv-Pasazhyrsky station at 05.59 and arrive in Slavske at 13.16.
In the opposite direction from Slavske, train No. 746 will depart at 16.20 and arrive at Kyiv-Pasazhyrsky station at 23.57.
On the way, the train will stop at the following stations: Korosten, Pidzamche, Lviv and Stryi.
Tickets can be purchased at railway ticket offices or online.

SERVICE ENTERPRISES OF UKRAINE REDUCE SALES BY 5.5% IN Q3

The volume of sales of enterprises in the service sector of Ukraine in the third quarter of 2020 amounted to UAH 238.3 billion, which in comparable prices is 5.5% lower than the level of the third quarter of 2019, the State Statistics Service has said.
According to the report, the volume of services sold to the population amounted to 19.3% of the total volume of services rendered.
The State Statistics Service reminds that in the first quarter of 2020 the volume of sales of service enterprises decreased by 1.7%, in the second quarter by 18.3%.