Business news from Ukraine

Business news from Ukraine

STRUCTURE OF FOREIGN TRADE BY TYPES OF SERVICES (EXPORT) IN I Q, 2019

Structure of foreign trade by types of services (export) in i q, 2019

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UKRAINE INCREASES GAS PRODUCTION BY 3.4%

Natural gas production in Ukraine grew 3.4% year-on-year in January-May 2019, to 8.797 billion cubic meters, the Energy and Coal Industry Ministry of Ukraine has told Interfax-Ukraine. According to calculations of Interfax-Ukraine, Ukrgazvydobuvannia produced 6.44 bcm of gas, up 2.46%, Ukrnafta produced 481.396 million cubic meters, up 11.2%, and other companies produced 1.876 bcm, up 5%.
In May-2019 gas production amounted to 1.782 bcm (a rise of 2.76% by May 2018), including production by Ukrgazvydobuvannia amounted to 1.3 bcm (a rise of 1.5%), Ukrnafta – 98.4 mcm (a rise of 11%), other companies – 383.1 mcm (a rise of 5.3%).

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STRUCTURE OF UKRAINIAN FOREIGN TRADE IN SERVICES (IMPORT) BY COUNTRIES IN IQ, 2019

Structure of ukrainian foreign trade in services (import) by countries in iq, 2019

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SKYUP AIRLINE LAUNCHES FLIGHTS FROM ODESA TO KUTAISI

The Ukrainian airline SkyUp on June 4, 2019 launched flights from Odesa to Kutaisi (Georgia), Odesa airport said on Facebook.
Flights will be operated weekly on Tuesdays and Fridays. Departure from Odesa is at 21:20, back at 19:20. The flight duration is two hours.
The cost of a one-way ticket without baggage starts from UAH 1,800.
As reported, SkyUp launched regular flights from Kharkiv to Odesa.
As of June 2019, SkyUp’s fleet had six aircraft, including four medium-haul Boeing 737-800 NGs with 189 seats and two medium-haul Boeing 737-700 NGs with 149 seats.
In October 2018, SkyUp received the TCO certificate, which allows performing flights to 28 countries of the European Union, as well as to Switzerland, Norway, Iceland, and Liechtenstein.

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AGROMINO BUYS KERNEL’S ELEVATOR

The Danish agricultural company Agromino with assets in Ukraine, the Russian Federation and Estonia is buying Hutiansky Elevator LLC, which belongs to Kernel, one of the largest Ukrainian agricultural groups.
According to the information on the website of the Antimonopoly Committee of Ukraine, the agency will consider this issue on June 6.
According to the AMC, Kovyahy Grain LLC (Kharkiv region) wants to acquire an integrated property complex (elevator), which is owned by Hutiansky Elevator LLC.
According to the state register of legal entities and individual entrepreneurs, Kovyahy Grain is owned by Danish-based Agromino, and the owner of Hutiansky Elevator is Kernel-Capital, Kernel-Trade and AMC Progressive Investment Strategies, the ultimate beneficiary is Andriy Verevsky.
As reported, in May 2019 the AMC allowed Verevsky to buy an elevator of Mriya in Ternopil region.
Agromino (formerly Trigon Agri) was created in 2006. It specializes in grain and dairy production, trade in crops.

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EU PLEDGES TO FURTHER SUPPORT UKRAINE

European Union Foreign Policy Chief Federica Mogherini has assured Ukrainian President Volodymyr Zelensky that the EU will continue to support Ukraine.
“The High Representative congratulated President Zelensky on his election victory and underlined that the European Union continues to stand by Ukraine, supporting the country on its reform agenda and with respect to its independence, sovereignty and territorial integrity,” an EU spokesperson said in a statement.
During their meeting in Brussels, Mogherini and Zelensky discussed possible ways to make progress in implementing the Minsk Agreements for Donbas.
“Federica Mogherini stressed that the European Union is ready to support the Minsk implementation with all available means. This can include the EU’s help in support of President Zelensky’s stated objective for an inclusive approach towards the Ukrainian citizens living in the non-government controlled areas in eastern Ukraine,” according to the statement.
“High Representative Mogherini also confirmed the EU’s socio-economic support to the Azov Sea region,” the EU spokesperson said.
“The European Union continues to expect that Russia will immediately release the 24 detained Ukrainian servicemen and return to Ukraine’s custody the three vessels,” the spokesperson said.
The sides also discussed the need to continue reforms in Ukraine.
“They look forward to continue the discussions and common work at the next EU-Ukraine Summit which will take place on 8 July in Kyiv,” the spokesperson said.

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