Business news from Ukraine

Business news from Ukraine

TRANSPORT ENTERPRISES OF UKRAINE INCREASE FREIGHT TRANSPORTATION BY 9% IN JAN-MARCH

Transport enterprises of Ukraine in January-March 2019 increased cargo transportation by 8.9% compared to January-March 2018, to 163.3 million tonnes.
The State Statistics Service said freight turnover for this period increased by 2.2%, to 81 billion tonne-kilometers.
According to statistical data, in January-March 2019 some 64 million tonnes of cargo were transported by rail within the country and for exports, which is 0.2% less than in January-March 2018.
Transportation of scrap ferrous metals decreased by 27.9%, timber by 58.5%, construction materials by 26.1%, coke by 10.4%, ferrous metals by 5.6%, and coal by 2.6%. At the same time, transportation of iron and manganese ore grew by 4.1%, chemical and mineral fertilizers by 5.5%, grain and cereals by 19.8%, oil and petroleum products by 11.5%, and cement by 14.6%.
In the total volume of cargo transportation by sea overseas accounted for 61.4%. The volume of overseas cargo transportation in the reporting period decreased by 2.7% compared with January-March 2018.
In January-March 2019 compared with the same period last year, the volume of cargo transported by pipelines increased. Thus, gas pumping grew by 4.6%, oil – by 5.5%, gas transit fell by 2.7%, and oil grew by 4.9%. Pumping and transit of ammonia increased 24.7% and 21.3%, respectively.

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ZELENSKY IS LEADING WITH 73.17% IN ALL REGIONS, EXCEPT LVIV – 90.1% PROTOCOLS PROCESSED

Candidates for the presidency in Ukraine, Volodymyr Zelensky and Petro Poroshenko, have gained 73.17% and 24.5% of the vote, respectively, the country’s Central Election Commission (CEC) has said after it processed 90.1% of the voting protocols. Zelensky is leading in all regions, except Lviv region.
As was reported, Zelensky leads with 73% of the runoff vote, according to the National Exit Poll, while incumbent President Petro Poroshenko is supported by 25.5% of voters. According to the TSN’s exit poll, Zelensky was supported by 72.7% and 27.3% voted for Poroshenko. The exit poll results announced on TV Channel 112.Ukraine says that Zelensky got 73.7% of the vote and Poroshenko had 26.3%.
According to the CEC, the voter turnout on April 21 was 62.07%.

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NO UKRAINIANS AMONG VICTIMS OF SRI LANKA EXPLOSIONS

No Ukrainian citizens have been hurt as a result of a series of explosions in Sri Lanka, according to preliminary data, Deputy Director of the Consular Service Department of the Ukrainian Foreign Ministry Vasyl Kyrylych told Interfax-Ukraine.
“According to preliminary information of the Embassy of Ukraine in India, there are no citizens of Ukraine among the dead. But the information is being updated,” Kyrylych told Interfax-Ukraine on Sunday.
According to the latest reports, at least 200 people have been killed and over 500 injured in eight explosions in Sri Lanka. The blasts rocked a number of luxury hotels in the capital city of Colombo, as well as churches in Colombo, Negombo and Batticaloa on April 21, when western Christians celebrate Easter.

TIU CANADA LAUNCHES SOLAR POWER PLANT IN UKRAINE

TIU Canada on Thursday launched a solar power plant with a capacity of 13.575 MW in Kalynivka, Mykolaiv region.
The company’s press service reported that investment totaled over EUR 11 million. The plant cosists of 39,000 PV panels placed on 20 ha.
As reported, referring to TIU Canada in Ukraine Manager Valentyna Beliakova, TIU Canada plans to complete construction of two solar power plants with a total capacity of some 31 MW in Lymansky district of Odesa region this summer. The company will return to them after the adoption of the law on green auctions.
TIU Canada began its activity in Ukraine in June 2017. Its owner is the investment company Refraction Asset Management (Calgary, Canada). The company has already built a solar power plant with a capacity of 10.5 MW in Nikopol.

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MANUFACTURER OF EGGS AND EGG PRODUCTS IN UKRAINE OPENS SUBSIDIARY IN DUBAI

Ovostar Union agro-industrial group, one of the leading manufacturers of eggs and egg products in Ukraine, in 2018 opened a subsidiary in Dubai and bought two companies in Ukraine, the group reported in its annual financial report. “The group exports a large number of eggs and egg products to the United Arab Emirates. Assessing the potential and prospects for further expansion into the UAE market, in 2018 the group decided to open a company in Dubai. The charter capital was $28,000. The group owns 100% of OAE Food Trade FZE,” the report says.
According to the report, the volume of exports to the countries of the Middle East amounted to 26% of total sales.
In addition, in June 2018 Ovostar bought BVV Equipment LLC and BV Trading LLC (both based in Rokytne, Kyiv region). The purchase price was $2.1 million and $1.2 million, respectively. The goodwill of the enterprise is $51,000 and entirely belongs to the egg segment of the group.
According to the state register of legal entities and individual entrepreneurs, both enterprises are registered in 2016. The core business is production of food that are not assigned to other groups. The final beneficiaries are Borys Belikov and Vitaliy Veresenko.

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