Business news from Ukraine

Business news from Ukraine

UKRAINE AND CHINA APPROVE VETERINARY CERTIFICATE FOR EXPORTING UKRAINIAN BEEF

Authorized bodies of Ukraine and Chine have approved an international veterinary certificate for exporting frozen beef from Ukraine, according to a posting on the website of the State Service for Food Safety and Consumer Protection of Ukraine.
As reported, the authority expects that in 2019-2020 some 24 states would open their markets for Ukrainian poultry products.
In 2018, Ukraine opened 85 new markets for various types of products and increased the number of companies authorized to export animal products.

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UKRAINE CUTS PIPE OUTPUT IN NINE MONTHS

Ukrainian enterprises reduced steel pipe production 4.4% year-on-year in January-September, to 806,700 tonnes.
The country produced 69,300 tonnes of pipes in September, compared with 75,800 tonnes in August, the Ukrtruboprom association told Interfax-Ukraine.
Khartsyzsk Pipe Mill in Donetsk region idled, as it did in 2018.
Interpipe Nyzhniodniprovsky Pipe Rolling Plant reduced output 16.7% year-on-year in January-September, to 182,200 tonnes, including 12,800 tonnes in September, Interpipe Novomoskovsk Pipe Plant produced 86,300 tonnes, up 1.4%, including 9,800 tonnes in September, and Interpipe Niko Tube raised production by 1.45% to 280,600 tonnes, including 19,700 tonnes in September.
Kominmet pipe mill reduced output 12.5%, to 111,600 tonnes in the nine months, including 14,100 tonnes in September, Centravis raised stainless steel pipe production 10.8%, to 15,700 tonnes, including 1,900 tonnes in September, production rose 4.4% to 111,700 tonnes including 9,900 tonnes in September at Illich Iron & Steel Works in Mariupol, it jumped 35.8%, to 16,700 tonnes, including 1,000 tonnes in September, at Dnipropetrovsk Pipe Mill, and fell 9.1% at Trubostal, to 2,000 tonnes, including 200 tonnes in September.
Ukrainian pipe production fell 0.5%, to 848,000 in 2016 but it had risen ever since, growing 5.2% in 2018, to 1.103 million tonnes.

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UKRAINIAN KERNEL PLACES $300 MLN EUROBONDS

Kernel, one of the largest Ukrainian agricultural groups, has placed $300 million eurobonds with a coupon rate of 6.5% and maturity in 2024, one of the market participants has told Interfax-Ukraine.
According to him, the pricing was set at 6.625%, the securities were sold at a price of 99.475% of the face value.
The organizers of the placement were ING Bank, JP Morgan.
The company did not comment on this information to the agency, saying that the details were planned to be released on October 17.
As reported, in January 2017 Kernel placed eurobonds worth $500 million. The maturity date of Kernel’s debut eurobonds was January 31, 2022, and the coupon rate was set at 8.75% per annum.
Kernel is the world’s largest producer and exporter of sunflower oil, the leading producer and supplier of agricultural products from the Black Sea region to world markets.

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LOW COST AIRLINE RYANAIR PLANS TO INCREASE PASSENGER TRAFFIC ON UKRAINIAN FLIGHTS BY 33%

The Irish low cost airline Ryanair (Dublin) intends to carry more than 2.1 million passengers on Ukrainian flights in 2020, which is 33% more than in 2019.
This was announced by Ryanair Chief Commercial Officer David O’Brien at a briefing with Infrastructure Minister Vladyslav Krykliy in Kyiv.
According to him, in 2020 Ryanair plans to open 18 routes in Ukraine, two of which are new from Lviv to Budapest and from Kharkiv to Warsaw (twice a week). In 2020, the company will operate 43 routes from Ukraine.
Ryanair entered the Ukrainian market in 2018. The first months the low cost carrier operated flights from Boryspil and Lviv airports. In June 2019, the airline began flights from Kharkiv and Odesa.
Ryanair daily operates over 2,400 flights to/from 200 airports located in 37 countries. Last fiscal year, the company transported 130.3 million people. Its fleet has 460 Boeing-737 aircraft.

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IRISH LOW COST AIRLINE RYANAIR LAUNCHES FLIGHTS FROM KHERSON TO KRAKOW

The Irish low cost airline Ryanair (Dublin) launches direct flights from Kherson to Krakow on December 21, 2019.
Flights will be operated twice a week, Infrastructure Minister Vladyslav Krykliy said during a briefing after meeting with Ryanair Chief Commercial Officer David O’Brien in Kyiv.
Ryanair entered the Ukrainian market in 2018. The first months the low cost carrier operated flights from Boryspil and Lviv airports. In June 2019, the airline began flights from Kharkiv and Odesa.
As reported, Ryanair from April 2020 will begin to fly on the Lviv-Budapest route.
Ryanair daily operates over 2,400 flights to/from 200 airports located in 37 countries. Last fiscal year, the company transported 130.3 million people. Its fleet has 460 Boeing-737 aircraft.

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BUDGET OF UKRAINIAN STATE FINANCES 163 ORGAN TRANSPLANTATIONS ABROAD IN 2018

In 2018, a budget of Ukrainian state financed 163 transplantations of organs abroad and 110 transplantations of bone marrow performed to the Ukrainian patients.
This data was presented by Oksana Dmytriyeva, Chairwoman of the Subcommittee on Transplantation and Modern Medical Technologies of the Parliamentary Committee on National Health, Medical Care and Health Insurance during a roundtable on October 8.
She said that UAH 600 million were allocated for such kind of operations in 2018.
“If the transplant system in Ukraine worked in a proper way, several thousands people could be treated for these means,” she said.
According to Dmytriyeva, nearly 5,000 persons annually seek for transplantation of organs for health reasons, however just 130 transplantations are performed in a year. Though, Ukraine is one of the last in Europe according to death donorship.
For her part, Health Minister Zoryana Skaletska said that it was a necessity in additional financing of the patients, who long for transplantation abroad since the funds provided for 2019 have already been spent.
Besides, Skaletska said that there was a need for more efficient use of public resources, including through the development of domestic transplantology.
As head of the bone marrow transplantation and intensive chemotherapy and immunotherapy department at the Okhmatdyt hospital, Oleksandr Lysytsia reported, today bone marrow transplantation from an unrelated donor was carried out only abroad. At the same time, performing of such operations in Ukraine would make it possible to reduce their cost by more than 30%.
As reported, the Cabinet of Ministers of Ukraine in its program determined setting of the conditions for the development of transplantation in the country as one of the priority tasks, which would allow at least 30% of Ukrainian patients, who had previously received transplantation services abroad, to receive them at home.
The state budget of 2019 raised UAH 689.9 million for the program “Treatment of Ukrainian Citizens Abroad”, of which UAH 608 million has already been allocated for treatment.

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