Ukraine in 2018 used 11 out of the 40 quotas for duty-free exports under the free trade area (FTA) agreement with the European Union, while export quotas for processed products from oil, sugar syrups, and an additional quota for exports of mushrooms were not used at all, according to the Ministry of Economic Development and Trade.
Ukraine has not yet received permission to export red meat, therefore its companies also did not use the quota for pork, lamb, and beef. The remaining quotas were used partially, the ministry said.
In 2018, the country fully used quotas for exports of corn, honey, corn flour and granules, grape and apple juice, processed tomatoes, processed malt and starch, soft wheat, wheat flour and granules, barley grits and starch flour, and the major quota for exports of poultry and semi-finished products from it.
In 2018, the main quota for exports of mushrooms was used by 0.03%, the quota for exports of cigarettes by 0.01%, food products by 0.9%, processed products from dairy cream by 4.2%, ethanol by 10.4%, processed products from sugar by 13.9%, milk, yoghurt and cream by 15%, barley by 16.6%, dairy products by 22.1%, milk powder by 24.1%, and oats by 36.5%.
In addition, Ukraine has used the basic quota for exports of eggs by 74.6%, and an additional one by 48.3%.
Persey Energo LLC intends to build a biogas plant with an electrical capacity of 12 MW at Persey Agro farm (Ivano-Frankivsk region).
This is evidenced by the report about the planned activities in the unified register of environmental impact assessment, posted on the website of the Ministry of Ecology and Natural Resources.
It is planned that the plant will recycle organic waste from agriculture and animal breeding. It is assumed that the plant will generate 12 million kWh of electricity and 7.288 million kWh of heat per year.
According to the state register of legal entities, at the end of March the founders of Persey Energo LLC, registered in 2018, were five individuals and Alliance-Invest IF LLC. Persey Agro belongs to Volodymyr Slobodian.
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Kramatorsk airport could be repaired and put into operation, including civil aviation, within three years.
“On the instructions of President of Ukraine Petro Poroshenko I’ve inspected Kramatorsk airport. We need to repair and commission it like Mariupol [airport],” Infrastructure Minister Volodymyr Omelyan said on his Facebook page.
He noted that this year they should also overhaul the Mariupol-Zaporizhia highway within the region and complete the construction of a road to Bakhmut.
At the same time, the draft plan for the long-term development of Donetsk region for 2019-2021 says that the reconstruction and launch of the airport to work with civil aviation flights is planned for the next three years.
It is planned that Kramatorsk airport will be equipped with modern equipment, the terminals, the runway, the aprons will be reconstructed, and the airport square will be repaired.
CFG/Mriya agricultural holding, which has been operating as a single business since early 2019, in March bought agricultural machinery for the amount of $2.3 million, the press service of the company has reported.
The agricultural holding said that it bought 17 trailing units of agricultural machinery: 12 band spreaders and five cultivators. Deutsche Agrotechnik Ukraine, Rauch Landmaschinenfabrik GmbH and UAPC LLC supplied the machinery.
“This is the first of the planned deliveries of equipment for the CFG/Mriya joint agricultural holding this year. The general investor, Salic UK Ltd, intends to send several dozens of millions of dollars to update the CFG/Mriya fleet in 2019 to ensure further effective activity of the merged company,” the company said in a press release.
Mriya Agro Holding is a vertically integrated agribusiness, which was founded by Ivan Huta in 1992. The holding’s land bank is 165,000 hectares. Its grain elevators are able to store 380,000 tonnes.
In August 2014, Mriya reported an overdue payment of about $9 million in interest income and about $120 million in repayment of debt on its obligations. The total debt to all financial creditors, taking into account the guarantees provided to the companies related to the Huta family, was about $1.3 billion at the time of the holding’s default.
In early February 2015, the operating control of the holding was transferred to creditors who elected the new management, and in September 2016 the committees of creditors and bondholders of the holding agreed on the conditions for the restructuring of the company’s debt, which was estimated at $1.1 billion. The debt restructuring ended in August 2018. Mriya’s total debt burden decreased from $1.1 billion to $309.5 million, which included $49.3 million in restructured secured debt, $208.1 million in restructured unsecured debt (eurobonds), $46 million in working capital, and $6.1 million in assets under a new leasing program for the purchase of equipment.
In September 2018, SALIC UK Limited announced the acquisition of the holding. The deal was completed in November 2018.
Mriya will continue operations in Ukraine together with SALIC UK’s subsidiary, CFG.
The Saudi Agricultural and Livestock Investment Company (SALIC) was founded in 2012. Its sole shareholder is the Sovereign Fund of Saudi Arabia. The company invests in the production of agricultural and livestock products.
CFG has been operating in Ukraine since 2006. It processes 45,000 hectares in Lviv and Ternopil regions.
