Business news from Ukraine

Business news from Ukraine

UKRAINIAN AGRICULTURAL GROUP KERNEL RAISES SALES OF GRAIN BY 2.2 TIMES

Kernel, one of the largest Ukrainian agricultural groups, in the 2019 fiscal year (FY, July-June) increased sales of grain by 2.2 times compared with the previous FY, to 10.445 million tonnes. According to the company’s website, sales of sunflower oil increased by 15% compared to the same period of the previous fiscal year, to 1.6 million tonnes.
Sales of bottled oil during this period grew by 10% compared with the previous year and amounted to 131 million liters.
In the 2019 FY, the plants of the holding processed 3.2 million tonnes of oilseeds (sunflower and soybeans), which is almost the same as last year.
Grain exports from Ukraine over the year amounted to 6.1 million tonnes (58% more). Transshipment of grain at the export terminals of the agricultural holding in Ukraine in the 2019 FY rose by 12%, to 4.6 million tonnes, in the Russian Federation decreased by 28%, to 1.4 million tonnes.

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MONDELEZ SEES NET PROFIT RISE IN UKRAINE BY 63%

PrJSC Mondelez Ukraine (previously Kraft Foods Ukraine) in 2018 saw its net profit rise by 63%, to UAH 450.6 million.
According to the company’s report, its revenue amounted to UAH 5.9 billion (24% more). Confectionery made up 42% of the revenue, cookies 24%, salty snacks 17%, the rest were cocoa products and snacks.
The share of exports in total sales amounted to 57%.
The company has no long-term liabilities, while its current liabilities for 2018 rose by 33%, to UAH 1.9 billion.
Last year’s retained earnings amounted to UAH 1.4 billion (16% less).
PrJSC Mondelez Ukraine is part of Mondelez International, one of the world’s largest producers of chocolate goods, cookies, candies, and chewing gum.

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RUSSIA’S GAZPROM BOOSTS GAS TRANSIT TO EUROPEAN UNION VIA UKRAINE BY 25%

Russia’s Gazprom has boosted gas transit to the European Union through the territory of Ukraine by 25%, by 60 million cubic meters per day, JSC Ukrtransgaz has reported.
This is related to a halt for repairing two lines of Nord Stream.

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CASH IN CIRCULATION IN UKRAINE 1.6% DOWN IN H1, 2019

Cash in circulation in Ukraine as of July 1, 2019 amounted to UAH 393.8 billion, which is UAH 6.4 billion, or 1.6%, less than at the beginning of the year (UAH 400.1 billion), the National Bank of Ukraine said on Facebook.
The report says banknotes in the amount of UAH 391.3 billion (2.8 billion pieces) and coins worth UAH 2.4 billion (13.2 billion pieces) are in circulation.
The largest number of banknotes in circulation are those of UAH 200 (23%) and coins of 10 kopecks (29%).

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UKRAINIAN STATE-RUN RAILWAY COMPANY IN TALKS WITH CANADA’S BOMBARDIER ABOUT SUPPLY OF LOCOMOTIVES

Ukrzaliznytsia, in addition to France’s Alstom and China’s CRRC, is negotiating the supply of electric locomotives with Canada’s Bombardier, Anton Sabolevsky, the director for strategic development and investment policy of the company, has said in an interview with the Magistral industry portal. “Now Ukrzaliznytsia is actively negotiating with potential partners. The main contenders are Alstom, CRRC, and Bombardier. The main advantage of these manufacturers is that they have ready-made models of locomotives for the 1,520 mm gauge, the rest require quite a long time for such models to be developed,” he said.
According to the expert, ultimately, the main selection criterion will be the total cost of an electric locomotive, taking into account its operation life, which includes the initial price of the locomotive, the cost of its maintenance, and the conditions of financing the project, as well as the volume of production localization in Ukraine.
He also said that Ukrzaliznytsia could purchase shunting locomotives from the Japanese company Toshiba.

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THE «HEADY WIND» MOTOFESTIVAL AND THE HORSE SHOW WILL TAKE PLACE NEAR KYIV

On July, 19-20 the «Kyivan Rus Park» invites bikers, motorcycle lovers and everybody who wants to have a great weekend to the Motofestival «Heady Wind».
The traditional biker`s entertainment, the performances of music bands, the demonstrative performances of the children`s motoclub will be waiting for the guests. And also the performances of the horse-trick theatre, merry games, competitions, dance flash mobs and Slavic round dances.
On July, 21 the show-program «The world of horses», dedicated to the acquaintance with horses of rare historical breeds gathered from all over the world in the Princely stable will take place. The guests will learn about the breeds’ origin, their features, will see the horse-trick performances. The horses can be approached, palmed, taken a photo with, ridden on a horseback and in a carriage. There are also the traditional Slavic amusements in the program.

Ancient Kyiv opens at 10:00. The entertainment program on July, 19 from 20:00 till 23:59, on July, 20 from 14:00 till 23:59, and on July, 21 from 14:00 till 19:00.
Entrance ticket price:
July, 19: a full ticket for men – 250 Uah. (the ticket is valid for 3 days: July, 19, 20 and 21), for girls – 100 Uah., for pensioners – 150 Uah., for school children – 60 Uah., preschool children – for free.
July, 20: ticket – 200 Uah., for girls on a motorcycle– 100 Uah., for pensioners and students– – 150 Uah., for school children – 60 Uah., preschool children – for free.
21 июля: for adults – 170 Uah., for pensioners and students– 150 Uah., for school children – 60 Uah., preschool children – for free.
Ancient Kyiv is not far from modern Kyiv –45-minutes away – in the village Kopachiv, Obukhiv district, Kyiv region.
Route taxis leave from Kyiv from the «Vydybitchi» metro station.
Details on the website www.parkkyivrus.com

The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

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