Business news from Ukraine

Business news from Ukraine

TEST SYSTEMS CAN REVEAL MUTATED STRAIN OF CORONAVIRUS IN UKRAINE

The test systems that are used in Ukraine can detect a mutated strain of coronavirus, which was recorded in the UK, Ukrainian Health Minister Maksym Stepanov told reporters on Thursday.
“The complexity of the situation with the mutated strain of coronavirus in the UK is that, according to preliminary data, it is 70% more infectious. At the same time, they have no evidence that it causes more complications, more severe disease or increased mortality. We increased control. Our test systems are able to detect this strain,” he said.
The minister noted that no cases of the mutated strain of coronavirus have been registered in Ukraine yet.
“We have a small number of flights from the UK. Basically, our citizens, who work there or study, come. We do not consider it necessary to close air traffic and then send planes to pick up our citizens,” Stepanov added.

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SOUTH KOREAN CARIS PLANS TO BUY OUT SHARES OF MINOR SHAREHOLDERS OF STRILA CRANE BUILDING COMPANY

Caris Ukraine LLC (Kyiv), controlled by South Korean Caris, intends to buy out the shares of minority shareholders of Strila crane building company (Brovary, Kyiv region), in which it owns 89.837% of shares.
According to the public irrevocable demand published in the information disclosure system of the National Securities and Stock Market Commission of Ukraine, the shares from the minority shareholders will be redeemed at UAH 129.4 per share (with a par value of UAH 110).
The charter capital of JSC Strila is UAH 6.21 million.
At present, Strila plant, which employed ten people by the beginning of this year, does not carry out production activities (since 2015), and receives main income from the sale of materials and partial lease of premises.
Caris, according to its information, has enterprises in many countries of the world, construction, logistics companies, companies for the production of innovative materials and components for road construction and traffic safety, and also has an R&D center that owns patented innovative technologies for the production of polymer and superhard materials used in heat power engineering, industrial electronics and mechanical engineering.

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UIG PAYS $1.133 MLN FOR GRAIN CARGO DAMAGED IN BEIRUT

Ukrainian Insurance Group (UIG, Kyiv) has paid insurance compensation in the amount of $1.333 million for a cargo of grain damaged as a result of an explosion in the port of the Lebanese capital Beirut on August 4, 2020, the insurance company has said.
The company said in a press release on its website that the blast wave spread 10 km from the explosion site. As a result, buildings and cars were damaged, the main port of Beirut, through which 60% of all Lebanese imports pass, was put out of action.
Among other things, a cargo of wheat insured by the UIG in the port was also destroyed. According to the insurance contract, the cargo was insured against all risks.
Ukrainian Insurance Group is a company with 100% foreign capital. It has been working in the Ukrainian conventional insurance market since 2000. It is part of one of the world’s largest insurance groups, the market leader in Central and Eastern Europe – Vienna Insurance.

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British-based Ferrexpo raises production of pellets by 5%

British-based Ferrexpo Plc, which in Ukraine, in particular, controls Poltava and Yeristovo ore mining and processing plants (Poltava GOK and Yeristovo GOK), in January-November of this year, according to recent data, increased the total production of pellets by 5% compared to the same the period of 2019, to 10.16 million tonnes.

A representative of the company informed Interfax-Ukraine that during this period the output of concentrate increased by 4.8%, to 12.7 million tonnes.

In November, the company produced 980,000 tonnes of pellets and 1.2 million tonnes of concentrate.

According to the company, Ferrexpo in the first quarter of 2020 compared to the same period in 2019 increased its total pellet production by 7.4%, to 2.725 million tonnes. In particular, the production of pellets with a 65% iron content was 2.652 million tonnes (an increase of 9.1%), with a 62% iron content some 73,330 tonnes (a decrease of 31.8%).

In the second quarter of this year, Ferrexpo increased its pellet production by 5.4% from the previous quarter, to 2.873 million tonnes, in particular it produced 2.848 million tonnes of pellets with a 65% iron content (an increase of 7.4%), 24,700 tonnes with a 62% iron content (a decrease of 66.3%).

In the third quarter of 2020, total pellet production decreased by 12% compared to the second quarter, to 2.537 million tonnes from 2.873 million tonnes, while no pellets with a 62% iron were produced.

Ferrexpo is an iron ore company with assets in Ukraine.

Ferrexpo owns 100% of shares in Poltava GOK, 100% in Yeristovo GOK and 99.9% in Belanovo GOK.

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M-30 road to be built next year

President of Ukraine Volodymyr Zelensky has announced that in 2021, on the 30th anniversary of Ukraine’s independence, within the framework of the Big Construction program, it is planned to open the longest highway in the country – M-30 – from Stry in Lviv region to Izvaryne in Luhansk region.

“Our whole philosophy is aimed at uniting Ukraine, and this is what the infrastructure is about. We want to unite the west and the east with one large high-speed highway which is called M-30. This will be the longest road in Ukraine – 1,400 kilometers. It will go from Stry, but so far only to reach Pokrovsk, because 200 kilometers of this road is in the temporarily occupied part of Luhansk region,” Zelensky said during a working trip to Zaporizhia.

Deputy Head of the President’s Office Kyrylo Tymoshenko said that part of the route was restored in 2020, the rest will be restored next year. According to him, even without taking into account 200 km in the temporarily occupied territory, this route is still the longest in Ukraine.

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SHARE OF BUSINESS AND PREMIUM CLASS HOUSING IN KYIV UP TO 35% IN 2020

Some 20 new residential complexes appeared in the primary housing market in the business and premium class segment in 2020, increasing their share in the overall market structure by 4 and 1 percentage points (p.p.), respectively.
“Now the market knows about almost 90 business class residential complexes compared to the supply of 70 residential complexes at the end of last year, thus the share of this class in the market structure rose by 4 points (up to 29%), and the share of premium class by one point (up to 6%). There is a growing trend towards better and more comfortable housing,” NAI Ukraine told Interfax-Ukraine.
So, according to its data, up to 30% of layouts in the supply of business and premium projects are options with increased comfort, providing for the presence of terraces, apartments with improved view characteristics, increased areas, penthouses and two-level housing. The increased areas of premises allow the use of various functional and design solutions.
For example, an average two-room business class apartment has an area of 70-80 sq m, and premium up to 90 sq m. Three-room apartments range from 90 to 150 sq m, and it is here that consumers’ demands are concentrated.
“The main discovery of AIA Home Design Trends Survey, which summed up the U.S. housing market in 2020, was the catastrophic drop in popularity of dense buildings and smart solutions, and among the design trends – the increased size and number of windows. Significant spending time at home due to the pandemic and remote work prompted many to reconsider their housing requirements in favor of increasing the area, space, attractiveness of the environment. These trends are equally relevant for the Ukrainian market,” Maryna Hurevych, the head of the consulting department at NAI Ukraine, said.

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