Business news from Ukraine

Business news from Ukraine

UKRAINIAN DAIRY WILL BE EXPORTED TO OMAN

The State Service of Ukraine for Food Safety and Consumers’ Rights Protection and the competent authority of the Sultanate of Oman have agreed on the requirements for exports of Ukrainian dairy products to Oman, the press service of the Ukrainian agency has said.
According to information on the website of the service, Ukrainian manufacturers must provide a veterinary certificate, a certificate of origin of products and a certificate of tests for radiation.
According to the agency, the work on the promotion of Ukrainian dairy products to the markets of other countries of the Persian Gulf continues.
As reported, Ukraine in 2018 opened 85 export markets for various types of products and increased the number of enterprises that received the right to export food of animal origin. Some 126 national producers are allowed to export food to EU countries.

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UKRAINE HEADS WORLD TRADE ORGANIZATION PROGRAM FOR COLLECTION AND REPORTING OF STATISTICAL DATA

Ukraine has headed the Work Program on Collection and Reporting of Statistical Data of the World Trade Organization (WTO), the Ministry of Economic Development and Trade has reported.
“On February 25-27, 2019, for the first time in the history of its membership in the organization, Ukraine was elected the head of the Work Program on Collection and Reporting of Statistical Data within the framework of a meeting of the committee on the WTO Government Procurement Agreement,” the ministry said.
Prior to this, the program was headed by the United States, it said.
Among the main directions of the program, which were voiced by the Ukrainian delegation, is the development of a unified methodology for collecting and reporting public procurement data of the member countries of the Government Procurement Agreement, and further expanding the use of the Open Contracting Data Standard (OCDS) in the public procurement sector of the Organization for International Economic Cooperation.
Ukraine joined the WTO Government Procurement Agreement in 2016, as a result, Ukrainian companies received the right to participate in public procurement of 47 GPA member countries.
The total volume of the WTO government procurement market is estimated at $1.7 trillion annually.

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RETAIL PARKS DEVELOPMENT IN UKRAINE IS PROMISING BUSINESS – EXPERT

The development of retail park projects in Ukrainian regions is economically viable and promising, CEO of Arricano Real Estate Plc, the managing company and developer of some shopping and entertainment centers in Ukraine, Mykhailo Merkulov has said. “In a city with a population of 300,000-400,000 people there is no need for a three-story mall with an area of 50,000 square meters. We need to build a retail park on one floor with a ground parking area and entrance from the street. This will save on air conditioning, fire safety, that, in the aggregate, it incurs large infrastructure costs. If you look at Poland, the Czech Republic, Hungary, Romania, Serbia, Slovakia, it works successfully there,” Merkulov said in an interview with Interfax-Ukraine.
According to him, Arricano plans to significantly increase the volume of the portfolio of development projects in the coming years.
“Now we do not ride off in all directions, as we have our clear goal for the coming years. However, I think that in three years we will increase capacity and increase the amount of development, if not 10 times, then at several times for sure. The company needs to reach a certain level of income in order to attract financing on completely different conditions. We have a clear plan and a clear strategy on how to achieve this,” Merkulov said.

ASKO-MEDSERVICE INSURANCE COMPANY POSTS UAH 7.3 MLN NET PROFIT

ASKO-Medservice insurance company (Kyiv) in 2018 posted a net profit of UAH 7.254 million, while in 2017 its net loss was UAH 12.576 million, according to materials for the agenda of a general meeting of shareholders scheduled for April 19. The company’s assets last year increased by 2.3 times, to UAH 841.274 million.
The insurer also increased its net worth by almost 3.2 times, to UAH 416.231 million. Its charter capital has not changed and amounts to UAH 25.2 million.
The total debtor indebtedness of the company increased by 2.2 times, to UAH 240.418 million. Cash and cash equivalents rose by 70.9%, to UAH 92.991 million, long-term liabilities by 31.2%, to UAH 123.225 million, current liabilities by 2.2 times, to almost UAH 301.818 million.
ASKO-Medservice was founded in 1993 through the reorganization of ASKO-Zhytomyr Ltd. insurer. Its core business is transport and property insurance, insurance of vehicle owners’ civil liability, and other mandatory types of insurance.

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RUSSIANS AND UKRAINIANS MUTUALLY WELL DISPOSED AND FAVOR VISA-FREE TRAVEL – POLL BY LEVADA AND KIIS

Most people in Russia and Ukraine believe their countries should be independent but have open borders without visas or customs for each other’s citizens, the Levada Analytical Center and the Kyiv International Institute of Sociology (KIIS) said in their joint survey.
The opinion was expressed by 52% of Russians polled by Levada and 48% of Ukrainians polled by KIIS. A total of 25% of Russian respondents and 38% of Ukrainian respondents disagreed.
Seventeen percent of polled Russians and 4% of polled Ukrainians said they wanted Russia and Ukraine to be a single state.
The survey showed that people in both countries are well disposed towards each other. Eighty-two percent of polled Russians declared their warm feelings for Ukrainians, including 25% who said their attitude was very good. The percentage stood at 77% and 23%, respectively, in Ukraine.
Negative feelings were expressed by 13% of polled Russians and 14% of polled Ukrainians. At the same time, 85% of Russian respondents and 69% of Ukrainian respondents exhibited negative sentiments towards the leaders of each other’s countries, the pollsters said.
Levada polled 1,600 people older than 18 in 137 populated localities in 50 Russian constituent territories on February 15-20. KIIS polled 2,042 respondents in Ukraine on February 8-20.

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SKYUP STARTS TO SELL TICKETS TO ARMENIA AND BULGARIA

The Ukrainian airline SkyUp has launched flights from Kyiv to Yerevan, Varna and Burgas, according to the company’s website. According to its data, the flights will be operated with departure from Boryspil airport (Kyiv, Terminal F).
Flights on the route Kyiv-Yerevan from May 17, 2019 will be operated twice a week on Mondays and Fridays.
Kyiv-Varna flights from June 14, 2019 will be operated on Fridays, flights on the Kyiv-Burgas route from May 31 with a frequency of two or three times a week.
As reported, in 2018 SkyUp Airlines passenger traffic amounted to 442,000 people.
As of January 2019, SkyUp’s fleet included five aircraft: four Boeing 737-800 NG aircraft with 189 seats, and one Boeing 737-700 NG airplane with 149 seats.

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