Business news from Ukraine

SPANISH ACCIONA ENERGIA GLOBAL TO INVEST EUR 54.7 MLN IN JOINT PROJECT WITH UDP TO BUILD SOLAR POWER PLANT IN KYIV REGION

UDP (Kyiv) has arranged a joint project to expand Dymerka solar power plant (Kyiv region) from 6 MW to 57.6 MW with Spain’s Acciona Energia Global, the press service of UDP has reported. “The first project of the Spanish energy giant on the Ukrainian market will be the development of the second, third and fourth stages of the Dymerka solar power plant in Kyiv region with a total peak capacity of 57.6 MW. The first phase of this plant was commissioned by UDP Renewables in the summer of 2017. The total volume of foreign direct investment only in this project is EUR 54.7 million,” UDP said.
The launch of the Dymerka solar power plant at a full capacity is scheduled for the first quarter of 2019.
The UDP said that they arranged with Acciona Energia Global to work together on a broad portfolio of investment projects in both solar and wind energy in the Ukrainian market.
As reported, the first stage of the solar power plant in the village of Velyka Dymerka (Kyiv region) with a capacity of 6 MW was registered for Dymerka solar power plant-1 LLC. The company belongs to the majority shareholder of the UDP development company Vasyl Khmelnytsky.

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UKRAINE SEES SLIGHT FALL IN CHEESE EXPORTS, IMPORTS GROWS BY 30% IN 2018

Ukraine exported 3,250 tonnes of cheese in January-May 2018, which is 0.7% less than in the same period in 2017. According to customs statistics released by the State Fiscal Service, in monetary terms exports increased by 7.8%, to $12.24 million.
Cheese imports in January-May 2018 amounted to 4,650 tonnes, which is 30.5% more than in the same period in 2017. In monetary terms this figure increased 1.5-fold, to $23.36 million.
Exports of butter from Ukraine in January-May of this year increased 1.7-fold, to 14,790 tonnes. In monetary terms the figure amounted to $63.33 million. Butter imports rose 2.8-fold, to 483 tonnes ($3.17 million).
Exports of milk and cream (condensed) in January-May 2018 decreased 28.7%, to 13,026 tonnes. Ukraine supplied condensed milk and cream for a total of $21.88 million, which is 31.2% less than in January-May 2017.

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KYIVSTAR LAUNCHES M-AGRI APPLICATION FOR FARMERS WITH SUPPORT OF AGRICULTURE MINISTRY

The Kyivstar mobile communications operator with support of the Agricultural Policy and Food Ministry of Ukraine has launched m-Agri mobile application for small farms, the company has said in a press release.
“The business application should provide farmers with access to best practices, knowledge base, industry price proposals, news, training resources and online consultations, as well as to bring farmers to new markets to sell their products and provide them with opportunities to grow their business,” the operator said.
Currently, seven basic sections are available in the application: news, market prices, weather, finance, knowledge base, Smart Assistant and messages.
In the future, it is planned to supplement the functionality of the platform with financial services, a trading platform, and other things.
The application is designed for mobile devices on the Android system. It is free of charge for Kyivstar users.
On Google Play the application is a free trial version.

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VIKTOR AND K COMPANY ENTERS FOREIGN MARKETS

Private enterprise Viktor and K (Svitlovodsk, Kirovohrad region, the Korolivsky Smak (Royal Relish) trademark) has started supplying food to Germany, Belgium, Tanzania, Kuwait, Gambia and Guinea-Bissau.
According to a report on the company’s website, its exports portfolio has over 85 countries.
Viktor and K is a large producer in the region. It produces sunflower oil and mayonnaise. Its crushing capacities are 400-500 tonnes of seeds a day, production capacities – 170-210 tonnes of oil a day and up to 30 tonnes of mayonnaise a shift. Two silos can store 17,000 tonnes of seeds.
Along with mayonnaise and sunflower oil, the enterprise produces ketchups, mustard, vinegar, tomato sauces, halva, pasta, condensed milk, canned vegetables, seasonings and spices.
According to the unified register of companies, the owner and director general of the enterprise is Viktor Korol.

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