Business news from Ukraine

Business news from Ukraine

VLADIMIR ZELENSKY MAINTAINS LEAD IN PRESIDENTIAL RACE AT 20.6%

Showman Volodymyr Zelensky continues to lead among presidential candidates, followed by incumbent President Petro Poroshenko and Batkivschyna Party leader Yulia Tymoshenko. These are the results of a survey by the Sociological Group Rating conducted from March 22 to March 27.
According to the results of the poll released on Thursday, Zelensky leads with 20.6% support, followed by Tymoshenko with 13% and Poroshenko with 12.9%.
Among respondents who have decided on their preferred candidate and intend to vote, Zelensky leads with 26.6%, followed by Poroshenko and Tymoshenko, with 17% each.
The survey was conducted from March 22 to March 27, 2019. Some 3,000 Ukrainian citizens 18 and older participated in the survey in a face-to-face interview. The margin of error is not more than 1.8%.

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ARGO RETAILER WILL OPEN SIX STORES OF EUROPEAN BRANDS IN RIVER MALL TRADE CENTER

Argo-Trade Network LLC (ARGO, Kyiv) has rented about 800 square meters for six fashionable mono-brand stores, including Scotch & Soda, Liu Jo, Lee Cooper, Penti, OVS Kids and Parfois, in the River Mall shopping and entertainment center being under construction in Darnytsky district of the capital.
The press service of River Mall told Interfax-Ukraine the Scotch & Soda store will occupy 180 square meters, Liu Jo 162 square meters, Lee Cooper 105 square meters, Penti some 74 square meters, OVS Kids 180 square meters, and Parfois 96 square meters.
All stores of these brands will be presented in Darnytsky district for the first time.
“The River Mall shopping and entertainment center is the first high-class shopping center in Darnytsky district in Kyiv, which makes popular European brands of the ARGO group accessible to the residents of this district,” representatives of the distribution network noted.
As reported, ARGO brought the Italian premium brand Liu Jo and the Dutch brand Scotch & Soda to the Ukrainian market in 2018. The stores of these brands in the River Mall shopping mall will be the third in each of the network.

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VODA DONBASU ANNOUNCES TENDER TO SUPPLY ELECTRICITY

Municipal enterprise Voda Donbasu has announced a tender to supply 356 million kWh of electricity with the approximate cost of UAH 954 million (UAH 2.70 per kWh with VAT on average).
The announcement was made in the ProZorro e-procurement system on March 26. The auction is scheduled for May 31.
At the end of March, the permitted period, allowing Voda Donbasu to receive electricity from the supplier of last resort (state-owned enterprise Ukrinterenergo), to which it can be paid ex post, will expire.
Debt of Voda Donbasu for electricity at the end of 2018, according to the National Commission for Energy, Housing and Utilities Services Regulation (NCER), amounted to UAH 2.438 billion, and from the beginning of the year it increased by UAH 181 million.

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CABINET OF MINISTERS IMPROVES MEDICINE REGISTRATION RULES

The Cabinet of Ministers on Wednesday amended resolution No. 374 dated May 26, 2005 on the approval of the rules of the public registration of medicines.
According to the document posted on the government’s website, the government improved the rules of the public registration or re-registration of medicines, in particular, the rules of providing access to the results of their clinical trials and obliged the Health Ministry to publish all the results of the nonclinical and clinical trials for medicines.
In addition, the government extended the registration certificates of medicines to be procured by international organizations using national budget funds, and canceled the mandatory provision of a GMP document for re-registration.
These changes will ensure free access to information on the medicine and eliminate the risks associated with disruptions in medicine supplies due to the delay of the public registration caused by the updating of the GMP certificates.

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VALENCIA TO BECOME 27TH DESTINATION OF RYANAIR FROM UKRAINIAN CAPITAL

Ryanair, the largest low cost airline in Europe, from October 29, 2019 will launch direct flights from Kyiv to Valencia, Spain.
According to the booking system of the airline, the Kyiv-Valencia flights will be serviced twice a week on Tuesdays and Saturdays with departure from Kyiv at 11:55 and from Valencia at 06:15.
Tickets are available in the booking system. The cost of one way ticket starts from EUR 66.30.
Valencia will be the 27th destination of Ryanair from Kyiv and the third city in Spain.

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KSG AGRO WANTS TO DOUBLE FUEL PELLET PRODUCTION IN 2019

KSG Agro in 2019 will double the production capacity for pellets from agricultural raw materials, to 2,000 tonnes, the press service of the agroholding has reported.
“Currently, the productivity of the workshop [Dnipropetrovsk region] is 5 tonnes of fuel pellets per shift. After upgrading the production line, a capacity of 10 tonnes per shift [about 2,000 tonnes per year] will be achieved,” the company said in a press release.
According to KSG Agro, work on the modernization of the plant will be completed by the beginning of the heating season of 2019-2020.
“The raw material for pellet production is our own waste from crop production, mainly sunflower. The production volume covers the needs of biofuel boilers served by the holding,” Serhiy Kasyanov, the chairman of the board of KSG Agro, said.
KSG Agro in 2017-2018 installed nine biofuel boiler houses with a total capacity of 8.35 MW, which produce more than 1,000 Gcal of heat per heating season (160 days).

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