Business news from Ukraine

Business news from Ukraine

UKRAINIAN MANUFACTURER OF CAT AND DOG FEED STARTS EXPORTS TO BRITAIN AND FINLAND

Kormotech LLC (Lviv region), a large Ukrainian manufacturer of cat and dog feed, has made the first shipments of cat feed under a private label to the UK and Finland.
According to the press service of the company, 19 tonnes of dry cat feed were delivered to the UK and 5,000 tonnes to Finland. The company plans to supply wet feed to Britain, which makes up 75% of the feed market in this country, and export products under its own trademark to these countries after obtaining the necessary certification.
“Northern Europe has a very developed market, and the largest share in this market belongs to super premium feeds. The UK is among the ten most powerful pet food markets in the world. Our goal is to enter the top 50 industry leaders in the world by 2023. Now our product exports account for about 15%, and we need to triple this figure to achieve our goal,” Ihor Paraniak, the production director of Kormotech, said.
The company planned in 2019 to make the first private label shipments to the UK and Finland, as well as to enter U.S. retail chains (now products are sold through Amazon in this country).
Kormotech exports products to over 20 countries, including France, Estonia, the Netherlands, Slovenia, and Poland.

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BURISMA PUTS INTO OPERATION THREE NEW WELLS IN UKRAINE

Burisma Group has commissioned well No. 38 on Karaikozivske deposit and wells Nos. 5 and 7 on Vodianivske field, the press service of the company has reported.
“The depth of two of the three wells exceeds 6,000 meters, providing them with the status of one of the deepest not only in Burisma Group’s portfolio, but also among all the gas producing companies of Ukraine,” the report says.
For example, the depth of well No. 5 on Vodianivske field is 6,210 meters, well No. 7 is 6,520 meters, and wells on Karaikozivske deposit 5,250 meters. The daily production rate of the latter is 200,000 cubic meters of gas and 100,000 cubic meters of condensate.
“We expect even better results for each of the wells of Vodianivske field,” the press service said citing CEO of Burisma Group Taras Burdeiny.

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UKRAINE WANTS TO STRENGTHEN TRADE WITH EU

Ukraine is ready for negotiations with the European Union to strengthen trade in 2020 and implement new opportunities, Prime Minister of Ukraine Volodymyr Groysman has reported.
“Today, we sell 43% of exports to the EU market. We have free trade area agreements. In 2018 we revised and increased the quotas (for export). There will be an opportunity to revise trade conditions in 2020 and we are working to expand the volume and “horizon” of trade. Every citizen will benefit from this. This is my priority,” Groysman said on the air of the Svoboda Slova program on ICTV.

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VALERIY YEVDOKYMOV APPOINTED DEPUTY HEAD OF UKRAINE’S FOREIGN INTELLIGENCE SERVICE

Ukrainian President Volodymyr Zelensky has appointed Valeriy Yevdokymov Deputy Head of the Foreign Intelligence Service of Ukraine (FIS).
Corresponding decree was made public on the website of the president of Ukraine on Tuesday.
“To appoint Yevdokymov Valeriy Volodymyrovych as deputy head of the Foreign Intelligence Service of Ukraine,” the document says.

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STRUCTURE OF CUSTOMS OFFICES IN UKRAINE WILL BE OPTIMIZED

The structure of customs offices should be optimized, according to Deputy Head of the Office of the President for economic issues Oleksiy Honcharuk has said. “The customs structure should be precisely optimized. Exactly those customs officers who will work there should have normal working conditions,” he said at a press briefing on Tuesday, commenting on statements of the head of the State Customs Service, Maksym Nefyodov, on the intention to reduce the number of custom offices from 26 to five or six.
However, he said that Nefyodov proposed a model for reforming the authority.
“Yes, we see some possibilities for optimizing the number of customs offices. To what number, I think, Max (Nefyodov) himself will also specify these figures when he starts working,” Honcharuk said.

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UTG TO CONDUCT PRESS CONFERENCE “HALF-YEAR RESULTS IN REAL ESTATE MARKET OF UKRAINE 2019”

On Wednesday, July 10, at 10.30, the press center of the Interfax-Ukraine news agency will host a press conference by UTG entitled “Half-Year Results in Real Estate Market of Ukraine 2019: Main Trends and Challenges.” Participants: UTG Director Yevhenia Loktionova, head of the strategic consulting department at UTG Kostiantyn Oliynyk, deputy head of the strategic consulting department at UTG Oksana Havrylevych (8/5a Reitarska Street). Accreditation of journalists by phone: +38 067 216 4343, +38 044 537 2364, or by e-mail: pr@utg.kiev.ua.

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