Business news from Ukraine

Business news from Ukraine

UKRAINE SEES 2,030 NEW CASES OF CORONAVIRUS DISEASE, 5,131 RECOVERIES

In Ukraine, as of Monday morning, 2,030 new cases of the coronavirus disease COVID-19 were recorded, with 5,131 people reported as recovered, and 61 patients died, said Minister of Health of Ukraine Maksym Stepanov.

“Some 2,030 new cases of coronavirus disease COVID-19 were recorded in Ukraine as of February 1, 2021. In particular, 71 children and 65 health workers fell ill. Also, over the past day, 1,103 people have been hospitalized, 61 deaths have been recorded, and 5,131 people recovered,” wrote Stepanov on his Facebook page on Monday morning.

OPENING OF FIRST FIVE-STAR HOTEL SHERATON IN KIEV SCHEDULED FOR 2021

The opening of the first five-star Sheraton hotel in Kyiv is scheduled for 2021.

“In 2021, Sheraton Hotels will continue on its transformation journey, with the brand expecting to showcase new guest experience programs and complete renovations in locations including Nashville, the United States; Toronto, Canada; Nice, France; Kyiv, Ukraine; and Xi’an, China,” according to a press release posted on January 28 by PRNewswire.

As reported, earlier in September 2020, the Board of Directors of the U.S. International Development Finance Corporation (DFC) approved the allocation of $27 million for building Sheraton Hotel in Kyiv.

The construction of the five-star Sheraton Kyiv Olympiysky hotel in the territory of the Olympiysky Stadium is being carried out by Construction Investment Company TM, which signed a hotel management agreement with the hotel operator Marriott Hotels & Resort.

According to the company’s website, Sheraton Kyiv Olympiysky is a 14-storey building with 196 rooms, 178 of which are standard rooms and deluxe rooms, 15 luxury rooms, two rooms for people with disabilities and one presidential room. The infrastructure includes an underground parking for 144 cars.

Construction Investment Company TM was founded in 2004, and its core business is construction of residential and non-residential buildings.

According to the unified public register, the founders of the company as of January 2021 were Telmox Limited LLC (50.5%), Wayall Limited LLC (35.5%) and Ihor Tarasulov (14%).

The charter capital is UAH 5 million.

UKRAINE CUTS EXPORT OF FRUIT AND BERRY IN 2020

In 2020, Ukraine exported fruit and berry products worth $238 million, which is 8% less than a year earlier, and is associated with quarantine restrictions and complication of customs procedures at the borders, the Ukrainian Agricultural Export Association (UAEA) reported on Friday.
According to the association, 92% of total exports were frozen fruits and berries ($111 million), walnuts in shell and without shell ($ 98 million), as well as apples and pears ($10 million).
According to the association, in kind, the export of walnuts decreased 41.2%, to 39,000 tonnes, and apples and pears – 64.3%, to 19,000 tonnes, at the same time, the export of frozen fruits was the maximum for the period of independence of Ukraine reaching 55,000 tonnes.
The UAEA reported that sales of Ukrainian fruits, berries and nuts to the EU countries in 2020 provided 77% of the total revenue from these products. Most of these products were bought by Poland ($57.7 million), France ($19.7 million), Germany ($17.2 million), the Netherlands ($11.6 million), Italy ($11.5 million), Austria ($11.2 million), the Czech Republic ($9.6 million) and Greece ($9.5 million). Turkey ($10.5 million) and Belarus ($9.2 million) are other major trading partners.
The association said that the average price of Ukrainian apples in 2020 grew by 1.5 times, to $500 per tonne, frozen fruits and berries – by 13.6%, to $2,023 per tonne, and shelled walnuts – by 5.1%, to $3,000 per tonne.

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TOP 20 COUNTRIES OF UKRAINE’S FOREIGN TRADE PARTNERS IN JAN-OCT OF 2020 (THOUSAND USD)

TOP 20 countries of Ukraine’s foreign trade partners in Jan-Oct of 2020 (thousand USD).

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MAIN TRADE PARTNERS OF UKRAINE IN % FROM TOTAL VOLUME (EXPORT FROM UKRAINE TO OTHER COUNTRIES) IN JAN-OCT OF 2020

Main trade partners of Ukraine in % from total volume (export from Ukraine to other countries) in Jan-Oct of 2020.

SSC of Ukraine

MAIN TRADE PARTNERS OF UKRAINE IN % FROM TOTAL VOLUME (IMPORT FROM OTHER COUNTRIES TO UKRAINE) IN JAN- OCT

Main trade partners of Ukraine in % from total volume (import from other countries to Ukraine) in Jan-Oct.

SSC of Ukraine

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