Kernel, the world leader in sunflower oil production, will invest an additional $63 million in 2021 fiscal year (started on July 1, 2020) in the implementation of an investment program for the construction of cogeneration heat and power plants its six oil crushing plants.
According to the company’s H1 FY2021 financial report, taking into account these funds, the total investment in the program since its inception in FY2018 reached $169 million. Three plants have already been already constructed and completing the precommissioning works, and three remaining facilities are to be commissioned in FY2022.
Kernel said that more than 50% of energy is already received from renewable sources, and their contribution to EBITDA in H1 FY2021 amounted to $10 million.
The company also recalled the goal announced in FY2020 to reduce greenhouse gas emissions by 5% over the next five years in the oilseeds segment.
National bank of Ukraine’s official rates as of 03/03/21
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of March 03
One troy ounce=31.10 grams
Passengers carried in Jan-Nov of 2020, in MLN.
No more than ten hotels representing international chains are planned to be opened in Ukraine in the next two years, International Relations Director of the Ukrainian Hotel & Resort Association (UHRA), partner of BURFORD Management & Consultancy, Ivan Lun has told Interfax-Ukraine.
“Today, only 17 hotels operate under international brands in Ukraine. This is a paltry figure: compare it with 185 branded hotels in Poland, a country comparable to ours in terms of geography, population and economic potential,” he said.
According to the expert, this year the Radisson Hotel City Center Odesa (90 rooms), Best Western Plus Lviv Market Square (70 rooms), Ibis & Adagio Kyiv (combo, 265 rooms) are announced for opening. In the next two years, Ibis Lviv (100 rooms), Radisson Hotel Pechersk Park Kyiv (167 rooms), and Sheraton Kyiv Troitska Square (208 rooms) are planned to start operating, a bit later – Novotel Lviv (125 rooms) and Hampton by Hampton Lviv airport (138 rooms).
“These projects are just a small part of those branded hotel projects that have undergone careful urban and architectural planning, as well as painstaking contractual negotiations between the developers of these projects and global hotel groups. However, many projects that were planned to be operated under well-known hotel brands were not completed, in particular their construction,” Lun said.
The most active hotel chains in Ukraine today are Accor, Radisson, InterContinental, Marriott and Hilton, whose development offices are located in Moscow and Warsaw. In addition, according to the expert, the Wyndham chain and the Louvre Hotel Group have recently also promoted their brands and participated in tenders for projects, mainly through franchise supplies.
In general, the expert expects an intensification of the entry of international operators in 2024-2025.
The government is doing everything to support the Ukrainian film business, even despite the COVID-19 pandemic, and Ukraine has gained a good reputation as a partner of international film companies, Minister of Culture and Information Policy Oleksandr Tkachenko has said.
“Even during the difficult period of the pandemic, we are doing everything so that the Ukrainian film business has support from the state, and Ukraine gains a good reputation as a partner of international film companies. We have cool locations and equally cool productions for this. This has already been proven by the film The Last Mercenary from Netflix with Jean-Claude Van Damme in the title role, of which the lion’s share of the shooting took place in Kyiv,” Tkachenko wrote in his Telegram channel.
He also said that Ukraine presents its films and a national stand at the European Film Market of the Berlin Film Festival. There are such domestic films as “Stop-Zemlia” and “Ursus”, animation “Gulliver Returns”, documentary “Puzzles”.
According to Tkachenko, the stand is “a guarantee for the future. Both for promoting our films abroad, and for advertising the system of cash rebates and other benefits from filming in Ukraine.” In particular, the Locations.com.ua service was presented – an online catalog for finding the best locations in our country.
