Business news from Ukraine

Business news from Ukraine

CHANGES IN CURRENCY EXCHANGE RATES, UAH/USD, 02.07.19.-30.08.19

Changes in currency exchange rates, uah/usd, 02.07.19.-30.08.19

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 03/09/19

National bank of Ukraine’s official rates as of 03/09/19

Source: National Bank of Ukraine

NEW BRITISH AMBASSADOR TO UKRAINE MELINDA SIMMONS ARRIVES IN KYIV

New British Ambassador to Ukraine Melinda Simmons has arrived in Kyiv and handed over the copies of her credentials to Deputy Foreign Minister of Ukraine Olena Zerkal. “New British Ambassador Melinda Simmons has handed over copies of her credentials to Deputy Foreign Minister of Ukraine Olena Zerkal,” the British Embassy said on Twitter.
The press service of the Foreign Ministry of Ukraine, in turn, reported that Simmons reaffirmed the unchanged position of the UK government regarding political and practical support for Ukraine, primarily in the issue of resolving the situation in Donbas caused by Russian aggression.
The UK is determined to expand and diversify its technical assistance programs for Ukraine with a particular emphasis on the development of regions suffering from Russian aggression, Simmons said.

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TRANSFER OF FLIGHTS FROM KYIV INTERNATIONAL AIRPORT (ZHULIANY) WON’T AFFECT REGULARITY OF BORYSPIL AIRPORT FLIGHTS

The transfer of flights from Kyiv International Airport (Zhuliany) to Boryspil International Airport in Kyiv region from September 2 to September 12, 2019 won’t affect regularity of other flights from Boryspil. First Deputy Director General of Boryspil airport Yevhen Dykhne wrote on his page in Facebook.
According to him, the flights of ten air companies, which regularly fly from Kyiv airport, will be shared between the terminals D and F of Boryspil airport.
In particular, passengers of Alitalia, Pegasus Airlines, Motor Sich, Belavia и LOT will depart from terminal D.
Passengers of Wizz Air, Ernest Airlines, Buta Airways, Jonika Airlines, Vueling Airlines will depart from terminal F.
As earlier reported, Kyiv airport will halt its work for reception and departure of flights from September 2 to September 12 because of maintenance of a landing strip.

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UKRAINE, POLAND, U.S. SIGN COOPERATION MEMORANDUM IN GAS SECTOR

Ukraine, Poland and the United States on Saturday, August 31, signed an agreement on cooperation in the gas sector, National Security and Defense Council (NSDC) of Ukraine Oleksandr Danilyuk said.
“At a meeting with U.S. Secretary of Energy Rick Perry, which preceded the signing of the Memorandum, we discussed the importance of diversifying the risks dictated by dependence on Russian gas supplies, both for Ukraine and Poland. One of the steps to ensure energy independence of our state will be the supply of liquefied gas through Poland, “he wrote on his Facebook page on Saturday night.
Danyliuk considers the signing of the memorandum historically important for Ukraine.
“A historic day. Another step towards diversifying gas supplies to Ukraine,” Danyliuk said.

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AGROTON SEES 72.2% DROP IN NET PROFIT IN H1

Agroton (Luhansk region) in January-June 2019 saw a 72.2% drop in net profit compared to the same period of 2018, to $3.28 million.
According to a report of the holding on the website of the Warsaw Stock Exchange (WSE), revenue over the period slightly grew by 7.4%, to $17.85 million.
Though, the holding saw 56.5% fall in gross profit, to $3.89 million, and its operating profit decreased 96.7%, to $0.2 million.
As of June 30, 2019, total cost of Agroton assets accounted for $110.9 million.
Through the sixth months of 2019, winter wheat sales revenue saw 21.3 times rise, to $2,56 million (13,800 tonnes), revenues of sunflower sales grew by 24.5%, up to $5.84 million (18,900 tonnes), corn remaining on the same level as the year ago with $0.094 million and other crops saw 1.6 times rise, to $0.36 million.
Revenue in the livestock segment fell by 10.8%, to $1.94 million and in the vegetable oil segment – by 25.8%, to $6.8 million.
Agroton has been working in Ukraine since 1992. It specializes in growing grains and oilseeds, production and sales of livestock products. Agroton’s land bank is about 118,000 ha. It is located in Luhansk and Kharkiv regions. The group owns two poultry farms in Luhansk region.

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