Business news from Ukraine

BASF PLANS TO INCREASE ITS SHARE IN UKRAINIAN MARKET OF PLANT PROTECTION AGENTS

BASF, the world’s leading producer of plant protection agents, plans to increase its share of the Ukrainian market of plant protection agents in 2018 by 1.5-2 percentage points with the acquisition of business shares and assets of the German chemical company Bayer, to 17-17.5%. “We are planning to increase the share of the Ukrainian market of plant protection products by 1.5-2%. At present the company has a 15.5% stake in Ukraine,” Head of the BASF Agribusiness Department in Ukraine, Moldova and the Caucasus Tiberiu Dima said.
He specified that BASF intends to keep the share of the Ukrainian seed market next year at the level of 8-9%. “We also intend in the first ten days of October to officially open a research seed center for working with grains in the village of Tsentralne in Kyiv region, which was purchased from Bayer,” the expert noted.
It is part of a global network of research centers. Already in the near future the center will close the full cycle of seed production: from the creation of new varieties of wheat to the presentation of developments in the demonstration center.
BASF is the world’s leading manufacturer of plant protection products. The product portfolio consists of five segments: chemicals, special products, functional materials and solutions, solutions for agriculture, as well as oil and gas.

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KFC OPENS THE 15TH RESTAURANT IN UKRAINE IN PREMISES EARLIER OCCUPIED BY MCDONALD’S

LLC Tasty Food, a partner of Yum! Brands (KFC), will open the 15th KFC restaurant in Ukraine on August 23, the company’s press service has reported. This restaurant will be the fifth for LLC Tasty Food, which has already opened three restaurants of the chain in Dnipro and one in Kyiv. The new restaurant will open in the premises at 26 Lesia Ukrainka Boulevard in Kyiv’s Pechersk area, which were earlier occupied by a McDonald’s restaurant. The latter closed in April due to the expiration of the rental period and a new rental rate deemed by the company as unprofitable.
The new KFC restaurant is designed for 150 seats, its area is 398 square meters, the company’s press service said. “The restaurant’s menu includes all the main KFC dishes from snacks and sandwiches to buckets and desserts. The restaurant will be open from 06.00 to 23:45 local time,” it said.
Four self-service kiosks will be installed in the restaurant to speed up the process of servicing due to the zone for receiving orders and a separate zone for order picking in keeping with the concept of fusion. “LLC Tasty Food is planning to open several more KFC restaurants within two years. The company is now actively recruiting employees who will be trained according to international food quality and food service standards adopted by KFC,” the company said.
KFC is an international brand of fast food restaurants, represented in more than 130 countries. The network includes more than 21,000 restaurants. The company employs over 300,000 employees. The first restaurant of the KFC chain in Ukraine opened in Kyiv late in 2012. As of August 2018, the chain in Ukraine numbered 14 restaurants.

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UKRAINE OPENS HONORARY CONSULATE IN CROATIA IN SPLIT

Ukraine’s honorary consulate in Croatia has opened in the Croatian city of Split. “The consulate’s office was opened by the wife of the Ukrainian president, Maryna Poroshenko, Ukrainian Foreign Minister Pavlo Klimkin, Croatian Prime Minister Andrej Plenkovic, Croatian Defense Minister, Major General of the Croatian Army Damir Krsticevic, Croatian Deputy Prime Minister and Minister of Foreign and European Affairs Marija Pejcinovic Buric, Croatian Interior Minister Davor Bozinovic, and Split Mayor Andro Krstulovic Opara,” Ukraine’s Honorary Consul in Croatia, President of FC Arsenal Kyiv Ivica Piric wrote on his Facebook page. He noted that he had been waiting for this event for two years.

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IN JAN-JUNE UKRAINE IMPORTS NATURAL GAS WORTH $1.15 BLN

Ukraine imported 4.179 billion cubic meters (bcm) of natural gas in January-June 2018 to the tune of $1.150 billion, the State Statistics Service of Ukraine has said. In June alone, Ukraine imported 909.638 million cubic meters (mcm) to the tune of $243.205 million.
Thus, the average price of gas imported by the country in June 2018 was $267.4 per 1,000 cubic meters against $263.5 in May, $310.8 in April, $278.7 in March, $261.1 in February and $279.4 in January.
Counterparts in the six months were companies from Switzerland, which supplied 1.719 bcm worth $473.753 million, Germany (1.355 billion cubic meters, $368.69 million), Poland (333.983 mcm, $98.985 million), the United Kingdom (310.497 mcm, $83.879 million), the Czech Republic (134.362 mcm, $36.236 million), Hungary (117.564 mcm, $31.243 million), Slovakia (88.978 mcm, $23.759 million), Luxembourg (57.82 mcm, $16.155 million), the Netherlands (24.425 mcm, $6.506 million), Austria (21.281 mcm, $6.364 million), and Italy (16.284 mcm, $4.337 million).
Natural gas was not imported from the Russian Federation in January-June 2018.

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