Business news from Ukraine

Business news from Ukraine

RESTORING NAVIGATION ON PRYPIAT RIVER WILL REVEAL TRANSIT POTENTIAL OF UKRAINE IN CORRIDOR BALTIC SEA – BLACK SEA

The restoration of navigation on the Prypiat River will make it possible to reveal the transit potential of Ukraine through the development of a river transport corridor from the Baltic Sea to the Black Sea, Head of the Ukrainian Sea Ports Authority Raivis Veckagans has said in an interview with Interfax-Ukraine.
“At the initiative of the Ministry of Transport and Communications of the Republic of Belarus, and also with the support of the European Bank for Reconstruction and Development, Royal Haskoning DHV in May of this year completed a survey of navigable hydraulic structures of the E-40 waterway, connecting the Baltic Sea and the Black Sea through the Wisla River, the Zakhidny Bug (the Western Bug), the Prypiat River and the Dnipro River, in the territory of Belarus. In the near future, a working group with the participation of specialists from the Ukrainian Sea Ports Authority, the Dredging Fleet branch of the authority, and the State Hydrographic Service will conduct similar work on the Ukrainian stretch of the Prypiat and Dnipro rivers,” he said.

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OFFICE SUPPLY IN LVIV COULD DOUBLE IN TWO YEARS – EXPERT

The new supply of offices in Lviv to be commissioned in 2019-2021 will be 176,100 square meters, which is almost comparable to the current offer, UTG consulting company (Kyiv) has told Interfax-Ukraine. “By mid-2019, the growing demand for office space, triggered mainly by favorable conditions for the development of the IT sector, led to a shortage of quality space in the market and, as a consequence, to a decrease in vacancy to 2.2%, an increase in rental rates and a surge in developer activity,” UTG analyst Oksana Havrylevych said.
According to her, office premises with a leased area of 56,400 square meters are expected to be commissioned in 2019 (33.6% of A class, 66.4% of B class), 31,500 square meters in 2020, and 88,200 square meters in 2021.
“With the timely commissioning of the declared facilities by the end of 2021, the total leased office space will be about 378,000 square meters, which corresponds to 500.8 square meters per 1,000 citizens, which may bring the Lviv office market to the phase of oversupply,” she said.

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OIL AND FAT MILLS OF VIOIL RESUME WORK AFTER OVERHAULS

The oil and fat mills of ViOil industrial group have resumed their work after overhauls. “ViOil has completed the overhauls of its oil and fat plants. All the plants of the group are fully prepared for the new season of processing oilseeds,” the group’s website reported. Now the program of processing rapeseeds starts at the enterprises. The plan is to process about 107,000 tonnes of rapeseeds by the end of summer.
Commercial Director of ViOil Ihor Hadomsky noted that rapeseed oil and meal are in high demand in the foreign market. “We will send all the rapeseed oil to China. The main buyers of rapeseed meal are the EU countries, where it is used as a feed additive in animal breeding,” he said.
As reported, Kernel, one of the largest Ukrainian agrarian groups, in February-2019 acquired 5.85% of ViOil shares.

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ONE MORE WIND FARM TO BE BUILT IN ODESA REGION

Ovid Wind II LLC (Kyiv) intends to build the Roksolanivska wind farm (Ovidiopol district, Odesa region) with a capacity of 96 MW, according to the website of the unified register of environmental impact assessment. It is planned within the project to build 16 wind turbines with a capacity of 6 MW each. The height of the towers will be 140 meters.
In addition, it is planned to build a 110/35 kV substation and 110 kV power grids. The term of operation of the wind plant is 20 years.
Ovid Wind II belongs to the Cypriot company DLG Wind Rose Ltd. According to the unified register of legal entities, the director of Ovid Wind II is managing partner of INTEGRITES law firm Oleksiy Feliv.

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PARTY OF JULIA TYMOSHENKO GETS THIRD PLACE IN ELECTIONS AFTER 93% OF PROTOCOLS PROCESSED

According to the results of 92.97% of electronic protocols processed, the Servant of the People Party (43.13% of the vote), the Opposition Platform – For Life – 13.05%, Batkivschyna – 8.19%, European Solidarity – 8.14%, and Holos – 5.86% enter the Verkhovna Rada.
According to the CEC website, the 5% barrier to the parliament is not yet overcome by the Radical Party with 4.01% of the vote, Strength and Honor Party, which gains 3.8% of the votes in Ukraine as a whole, the Opposition Bloc – 3.06%, and Groysman’s Ukrainian Strategy Party with 2.32% of the vote.
The Sharij Party has gained 2.24% of the vote, Svoboda – 2.17%, and Civil Position – 1.05%.
Parties that have received less than 1% of the vote are the Party of Greens of Ukraine (0.65% of the vote), Samopomich (0.63%), and the Agrarian Party of Ukraine (0.51%).
The other parties got less than 0.5% of the vote.
The exit poll was conducted on July 21 by the Ilko Kucheriv Democratic Initiatives Foundation, the Kyiv International Institute of Sociology (KIIS) and the Ukrainian Center for Economic and Political Studies named after Oleksandr Razumkov.

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ARCELORMITTAL KRYVYI RIH CONDUCTS PRESS CONFERENCE IN KYIV

On Tuesday, July 23, at 16.00, the press center of the Interfax-Ukraine news agency will host a press conference entitled “ArcelorMittal Kryvyi Rih on Radiation Measurements and SBU’s version.” Participants include: Acting Chief Executive Officer of PJSC ArcelorMittal Kryvyi Rih Aleksandr Ivanov and General Legal Counsel of PJSC ArcelorMittal Kryvyi Rih Artyom Filipyev (8/5a Reitarska Street). Journalists must be accredited by phone: +38 067 639 8495.

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