Business news from Ukraine

LUKASHENKO AND POROSHENKO TO TAKE PART IN FORUM OF REGIONS IN GOMEL

President of Belarus Alexander Lukashenko will take part in the plenary session of the first Forum of the Regions of Belarus and Ukraine, which will be held in Gomel on Friday, the presidential press service of Belarus has reported. “It is expected that President of Ukraine Petro Poroshenko will also attend the event. Before the participation and speeches at the main platform of the forum, the presidents hold a one-to-one meeting. The main focus of the talks will be on trade development, economic and investment cooperation of the two countries through the prism of the potential of direct contacts at the regional level,” the press service noted.
They also informed that following the results of the forum, the signing of a number of documents and the conclusion of agreements aimed at expanding cooperation in the whole range of areas of Belarusian-Ukrainian cooperation are expected.

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TURKISH AIRLINES TO INCREASE FREQUENCY OF KYIV-ISTANBUL FLIGHTS TO 21 A WEEK

Turkish Airlines from November 15, 2018 will increase frequency of the Istanbul-Kyiv-Istanbul flight by five, to 21 flights a week, and from February 18, 2019 – by three more, to 24 flights a week. As reported, Turkish Airlines from September 25, 2018 increased the frequency of Odesa-Istanbul flights by three, to 21 times a week.
Turkish Airlines in 2017 served more than 600,000 passengers on its own flights to/from Ukraine, which is 18% more than in 2016.
The flight schedule of Turkish Airlines in Ukraine covers Kyiv, Odesa, Lviv, Zaporizhia, Kherson and Kharkiv.
Turkish Airlines (Türk Hava Yolları, THY) was established in 1933 with a fleet of five aircraft. For today has an air fleet of 329 passenger and cargo aircraft.

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UKRAINIAN GOVERNMENT TO KEEP MAIN PROGRAMS OF STATE SUPPORT FOR AGRO-INDUSTRIAL COMPLEX

The Cabinet of Ministers of Ukraine plans to maintain in the budget for 2019 the main programs of state support for the agro-industrial complex, which are being implemented this year, Prime Minister Volodymyr Groysman has said.
“We’ve started a number of new programs this year and decided to keep these programs for the next years. In particular, we give support to each family that will raise calves in the amount of UAH 2,500 per animal. Some 103,800 citizens have already received this assistance, but we assume that this figure will rise by 5-7 times, and we are moving towards this,” he said at a government meeting.
According to the prime minister, next year the government intends to continue compensation for the cost of keeping dairy cows. At the same time, he added that 1,200 agribusinesses have received funds in this area from the state.
“We will continue the program of support for the production of Ukrainian agricultural machinery. Some 2,700 agricultural producers bought Ukrainian goods, part of the cost of which we compensated,” Groysman said.
At the same time, the premier added that the farming support program, under which UAH 1 billion was allocated, is not being fully implemented due to “the existing bureaucratic problems.”

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LARGEST SUGAR PRODUCER IN UKRAINE ASTARTA HAS 20% FALL IN SALES

Astarta agroindustrial holding, the largest sugar producer in Ukraine, cut sugar sales by 20% in July-September 2018 year-over-year, to 88,040 tonnes.
According to a company report on the Warsaw Stock Exchange (WSE) on Wednesday, wheat sales over the period grew by 18%, to 143,680 tonnes, sunflower – by 30%, to 1,250 tonnes, soybean meal – by 6%, to 29,190 tonnes, while maize sales fell by 56.5%, to 10,790 tonnes, barley – by 88.9%, to 640 tonnes, and soybean oil – by 54.6%, to 4,480 tonnes.
Milk sales shrank by 6%, reaching 24,270 tonnes.
Astarta is a vertically integrated agro-industrial holding operating in Poltava, Vinnytsia, Khmelnytsky, Ternopil, Zhytomyr, Chernihiv, Cherkasy and Kharkiv regions.

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