Business news from Ukraine

UKRTRANSGAZ SEES 35% RISE IN NET LOSS

JSC Ukrtransgaz in January-September 2018 increased net loss by 35% or UAH 5.671 billion year-over-year, to UAH 22.011 billion.
According to a financial report of the company posted on its website, net revenue fell by 7% or UAH 2.84 billion, to UAH 36.688 billion, and gross loss rose by 73.7% or UAH 5.669 billion, to UAH 13.36 billion.
As reported, in 2017, Ukrtransgaz increased net loss 4.4-fold, to UAH 24.181 billion. Net revenue grew by 31.2%, to UAH 51.181 billion, and gross loss totaled UAH 14.449 billion compared with UAH 1.948 billion of gross profit in 2016.
Ukrtransgaz, fully owned by Naftogaz Ukrainy, operates a system of gas trunk pipelines and 12 underground gas storage facilities in the country.

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ASTARTA HARVESTS 183,000 TONNES OF OILSEEDS

Astarta agroindustrial holding, the largest sugar producer in Ukraine, in 2018 harvested 183,000 tonnes of oilseeds, which is 20% more than a year ago, the company’s press service has reported. “In particular, 67,000 tonnes of soybeans and 116,000 tonnes of sunflower were harvested with an average yield of 2.9 tonnes per ha (2017 – 2.2 tonnes per ha of soybeans and 2.3 tonnes per ha of sunflower, respectively),” the company said.
According to the press service, at present, Astarta continues harvesting corn: 65% of the area is threshed with an average yield of 9 tonnes per ha.
“In general, in the current season, the company expects for the first time to overcome the mark of 1 million tonnes of gross harvest of grain and oilseeds,” the agricultural holding said.
Astarta is a vertically integrated agro-industrial holding operating in Poltava, Vinnytsia, Khmelnytsky, Ternopil, Zhytomyr, Chernihiv, Cherkasy and Kharkiv regions.

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UKRAINE’S PRIME MINISTER TO VISIT GERMANY ON NOVEMBER 29

Ukraine’s Prime Minister Volodymyr Groysman will participate in a business forum in Germany that starts on November 29. “I will be happy to visit Germany in late November to participate in the third business forum,” Groysman said during his meeting with German Chancellor Angela Merkel in Kyiv on November 1. Also, he recalled that a Ukrainian-German chamber of commerce started to work recently. It was created on Merkel’s initiative with Ukraine’s support.
“I think that we are now in a very good dimension of our relations. And your visit is the latest evidence that theses relations will have a very good perspective in the future,” Groysman said.
Ukraine will participate in the Third Ukrainian-German Investments Business Forum on November 29.

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THE INTERNATIONAL EQUESTRIAN MARTIAL ARTS FESTIVAL «SCYTHIANS-2» WILL TAKE PLACE IN THE «KYIVAN RUS PARK» ON NOVEMBER, 03 AND 04

Horse-trick performances, competitions, including the demonstrative weapon possession shows, interactive sessions with the visitors and much more will be waiting for the guests.
The key event – the horse archers’ competition. The sportsmen-virtuosos from different countries will compete in the traditional (historic) bow shooting on horseback, at full gallop.
Sportsmen and the actors-stuntmen will perform in a tandem with the unique horses of historical breeds, gathered together in the Princely stable from all over the world.
Ancient Kyiv opens at 10:00. The program starts at 13:00 and will last on Saturday, on November, 3 till 20:00, on Sunday, November, 4 – till 19:00.
The ticket price: a full ticket for an adult – 250 Uah., for pensioners and students – 100 Uah., for schoolchildren – 50 Uah., preschool children – for free.
Ancient Kyiv in the Principality of «Kyivan Rus» is not far from the modern Kyiv – only in a всего в 45-minutes drive – in the Kyivan region, Obukhivskiy district, vill. Kopachiv. Route taxis from Kyiv leave from the «Vydybitchi» metro station (the exit from the metro to the side of the «Fourchette» supermarket), according to the schedule on the website.
The Interfax subscribers can spare money using the promo code “openbusiness-20” for the 20% discount when buying a ticket for an adult (at full price) to the Principality of Kyivan Rus:
– by previous booking by tel.: +38 044 461-99-37, +38 050 385-20-35
– at the cash desk at the entrance to the «Kyivan Rus Park».

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