Business news from Ukraine

Business news from Ukraine

UKRAINE EXPORTS 15 MLN TONNES OF GRAINS SINCE JULY-JUNE

Ukraine exported 15 million tonnes of grains and legumes since the beginning of the new 2020/2021 marketing year (July-June) and as of October 26, which is 2.94 million tonnes less than on the same date of the last MY.
According to the information and analytical portal of the agro-industrial complex of Ukraine, to date, 10.11 million tonnes of wheat (less by 810,000 tonnes), 3.3 million tonnes of barley and 1.54 million tonnes of maize (less by 2.05 million tonnes) have been exported.
As of October 26 of this year, 60,000 tonnes of flour were exported as well.
As reported, Ukraine exported record 57.2 million tonnes of grains, legumes and flour in the 2019/2020 marketing year, which is 13.5% more than in the previous marketing year.

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EUROTERMINAL BEGINS CONSTRUCTION OF ACCESS RAILWAY TRACK TO RAILWAY STATION

Euroterminal LLC has begun the construction of an access railway track to Odesa-Peresyp railway station with a throughput of up to 1 million tonnes of cargo per year.
“The railway line, which is being built by Euroterminal, will allow handling a larger volume of containers, reduce the load on city streets from the movement of heavy vehicles and reduce the costs of shippers, forwarders and other participants in the transport process. In addition, the new railroad will become an additional incentive for the development of logistics of the “dry port” and the adjacent territories as well,” the press service quoted the general director of Euroterminal, Oleksandr Eismont.
According to the company, up to 20% of containerized cargo is transported to Odesa seaport by rail, the rest by road.
Euroterminal notes that this is due to the discrepancy between the throughput of the railway tracks of the port and Odesa-Port station. The throughput of Odesa-Port railway station is 792 wagons per day, while the port is capable of handling several times more wagons.
“This is especially noticeable during peak loads on the railway in spring and autumn, when grain is sent for export from the port’s sea terminals. This is explained by the fact that the port is within the city and it is almost impossible to develop railway infrastructure,” the report says.

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UKRAINIAN FOREIGN MINISTER: STRATEGIC PARTNERSHIP BETWEEN UKRAINE AND UNITED STATES TO CONTINUE DEVELOPING UNDER ANY PRESIDENT

Ukrainian Foreign Minister Dmytro Kuleba states that the strategic partnership between Ukraine and the United States will develop regardless of who wins the American presidential election.
“My only wish regarding the American elections is that they end as soon as possible, the U.S. president-elect take the oath and we could move on in developing a strategic partnership between our countries, which, I am sure, will develop under any president. The only question is the speed of development,” said the head of the Ministry of Foreign Affairs of Ukraine in an exclusive interview with the Interfax-Ukraine agency.
He stressed that Ukraine was, is and will be on the sidelines of the U.S. presidential campaign. “We were, are and will be on the sidelines of this campaign. We believe that American democracy is mature enough to make decisions and make choices that are in the interests of the American people,” Kuleba said.
The minister also pointed out that Ukraine’s largest asset in the United States is bipartisan support.
“In fact, there is a clear position of the president, which has been stressed many times, there is a clear position of the Foreign Ministry that Ukraine’s largest asset in the United States is bipartisan support. This is the fundamental principle of our policy towards the United States. The president’s surname or party affiliation does not matter as long as Ukraine is equally supported by both democrats and republicans,” Kuleba added.

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FOREIGN COMPANIES INTERESTED IN ENTERING UKRAINIAN MARKET OF ELECTRONIC HEALTHCARE SYSTEM

Foreign companies are interested in entering the Ukrainian electronic health care system market, and the Ministry of Health intends to assist them, Deputy Health Minister Yaroslav Kucher said during a press briefing in Kyiv on Wednesday.
“There is an interest from many countries around the world in our system, how it works and whether it is possible to enter the market. It is the best time for this now. Our team is ready to assist new companies, but first of all we support the national producer,” he said.
The deputy minister added that the Ministry of Health is working on approving the concept of the electronic health care system and developing an action plan. In addition, Kucher noted that from 2021 all medical institutions should have access to the electronic health care system.
“In accordance with order of the Ministry of Health No. 587, from January 1, 2021, all medical institutions and private entrepreneurs who have received the appropriate license must be able to enter medical records on referrals and prescriptions for medicines, have access to the electronic health care system respectively,” he said.
Kucher also added that Ukraine had already introduced electronic medical certificates of birth. “As of Wednesday morning, the first document of a newborn has been written out more than 6,000 times. The leaders in issuing such documents are Dnipropetrovsk and Kharkiv regions, as well as Kyiv,” he said.

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DONBASENERGO POSTS NET PROFIT IN JAN-SEPT

Energy generating company PJSC Donbasenergo in January-September 2020 received a net profit of UAH 1.393 million against UAH 69.257 million of net loss for the same period last year.
According to the company’s statement in the information disclosure system of the National Securities and Stock Market Commission, its net income for the reporting period increased by 9.8% (by UAH 429.648 million), to UAH 4.802 billion, and gross profit by 4.8% (by UAH 16.954 million), to UAH 367.828 million.
Donbasenergo (Sloviansk Thermal Power Plant) in the nine months produced 2.166 billion kWh of electricity (less 11.4% compared to January-September 2019), released 1.948 billion kWh (less by 11.8%), and production of heat energy amounted to 31,311 Gcal (less by 19.8%).
In addition, Donbasenergo announced a general meeting of shareholders scheduled for November 28, 2020, at which, in particular, it is planned to approve reports on the results of the company’s activities for 2019, as well as approve the main directions of the company’s activities for 2020-2022.
As reported, Donbasenergo received a net loss of UAH 68.997 million in 2019 against UAH 104.111 million of net profit in 2018.

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FRANCE AND UKRAINE MAY SIGN AGREEMENT ON COOPERATION IN RAILWAY

Ukraine and France may sign an agreement within the framework of the Mixed Intergovernmental Commission on Economic Cooperation in the near future, Head of the Ukrainian side of the commission, Minister of Internal Affairs of Ukraine Arsen Avakov has said.
“We have been working on the details of a common project with the French side for a long time and in the near future we can reach an intergovernmental agreement that will fully meet the needs of Ukraine. Including the requirements set by the President of Ukraine regarding the localization of production at Ukrainian enterprises,” Avakov said at a meeting with CEO of ALSTOM Henri Poupart-Lafarge on Tuesday, the press service of the Ministry of Internal Affairs of Ukraine reports.
At a meeting with the participation of the French Ambassador to Ukraine Etienne de Poncins and the general director of Ukrzaliznytsia Volodymyr Zhmak, the parties discussed the prospects for implementation of the ALSTOM electric locomotive supply project with partial localization of their production and maintenance in Ukraine.
“We have a very outdated fleet of locomotives and we need to strategically update it. At this stage, we are interested in 50 two-system electric locomotives capable of transporting from 5,500 to 6,000 tonnes of cargo. We need these locomotives with a long-term maintenance system and localized production in Ukraine. At the second stage, we are interested in obtaining single-system locomotives,” Zhmak said during the negotiations.
Poupart-Lafarge, in turn, assured that ALSTOM could be a reliable and long-term partner for Ukrzaliznytsia and Ukraine.
“We have been working on the market for many years and we can meet the needs of Ukrzaliznytsia. ALSTOM has experience in working in markets with the localization of production and service capacities. This strengthens our cooperation and creates new jobs. In particular, we work in this way in Kazakhstan and South Africa,” he said.
De Poncins said that over the past two years, taking into account the active implementation of helicopter (Airbus Helicopters) and ship (OSEA) projects of the Ministry of Internal Affairs of Ukraine, a humanitarian project to improve water supply in Mariupol with the prospect of its spread to Luhansk region, the total cost of all economic cooperation programs between Ukraine and France is EUR 800 million.

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