Business news from Ukraine

UKRAINIAN PRIME MINISTER GROYSMAN INITIATES CHANGES IN SYSTEM OF STANDARDS FOR ROAD CONSTRUCTION

Ukrainian Prime Minister Volodymyr Groysman has initiated the improvement of the system of state standards for the construction of roads during an ad hoc meeting on road construction, according to the official website of the Ukrainian government.
“We need to change construction standards quickly. We need projects and architectural decisions for the effective use of funds,” the government’s press service quoted him as saying on Monday, February 12. Construction standards and permitting procedures remain cumbersome, the report says.

MARIUPOL SEAPORT (DONETSK REGION) INCREASES CARGO HANDLING BY 32% IN JANUARY 2018

Mariupol seaport (Donetsk region) in January 2018 increased cargo handling by 32% compared to January 2017, to 455,900 tonnes.
According to data from the Ukrainian Sea Ports Authority, in January the port increased transshipment of exported cargo by 15%, to 388,200 tonnes, imported freight by 10 times, to 53,000 tonnes, cabotage cargo by 6.7 times, to 14,700 tonnes, while it did not handle transit goods.
According to the types of cargo, the port did not handle liquid cargo, while dry bulk handling rose by 94%, to almost 100,000 tonnes, packaged goods by 29.2%, to 356,000 tonnes.
Mariupol seaport is one of the largest ports of Ukraine. Its capacity allows handling more than 17 million tonnes of cargo per year. The port is open all year round for ships with a length of up to 240 meters and a draft of up to 8 meters. Its territory is 73.2 hectares, the length of the berthing line is 4.2 km.

CHORNOMORSK MARITIME PORT HAS 47% RISE IN CARGO HANDLING IN JANUARY

The Chornomorsk maritime merchandise port (Odesa region) in January 2018 increased cargo handling by 47.5% year-over-year, to 1.84 million tonnes.
According to tentative data from the Ukrainian Sea Port Authority, over the period the port boosted transshipment of export cargo by 29%, to 1.413 million tonnes, while handling of imported cargo almost doubled, to 396,700 tonnes. Transit cargo transshipment also almost doubled, to 30,300 tonnes. The port did not handle intercoastal cargo.
Transshipment of bulk cargo fell by 12.2%, to 141,000 tonnes, packaged cargo transshipment soared 3.5-fold, to 430,200 tonnes and dry cargo – grew by 38.7%, to 1.269 million tonnes.
Chornomorsk port is a universal international port, one of the largest on the Black Sea. The enterprise has specialized terminals and systems, which allow overloading a wide range of goods: liquid, bulk, general. Its 29 berths are capable of receiving ships with a carrying capacity of up to 100,000 tonnes. The annual designed capacity of the port is more than 30 million tonnes.
The port’s capacity of container handling is 1.15 million TEU. Since 2007 the port has been capable of providing the simultaneous accepting of three ocean-going container ships with a capacity of more than 5,000 TEU and a length of up to 300 meters.

AGROLIGA GROUP SEES 11% RISE IN NET PROFIT IN 2017

The Agroliga Group (Kharkiv region) saw EUR 4.21 million in net profit in 2017, which is 11.4% more than in 2016.
According to a company report on the Warsaw Stock Exchange (WSE), its revenue grew by 2.1%, to EUR 21.79 million.
Gross profit grew by 30.6%, to EUR 5.97 million. Operating profit rose by 33.9%, to EUR 5.2 million.
Assets increased by 40.5%, reaching almost EUR 25.6 million as of December 31, 2017.
The company plans to launch a new vegetable oil refinery in the village of Nova Vodolaha (Kharkiv region) in the first quarter of 2018. The total cost of construction and procurement of all the required components and equipment was estimated at $9 million, of which $ 6.7 million was financed using external sources.
The new refinery will have the opportunity to vary the volume of processing of raw materials from 100,000 tonnes to 170,000 tonnes without additional investment in equipment, and if small investment is attracted, the capacity can be increased up to 280,000 tonnes per year.
The refinery will also be able to reconfigure equipment for soybean and rapeseed oil refinery without additional investment in equipment.
Agroliga Group has been working in the Ukrainian market of agricultural products since 1992. Its enterprises are engaged in growing grain crops, processing sunflower seeds and dairy cattle breeding.

NATIONAL ENERGY COMPANY UKRENERGO AND HUNGARY’S MAVIR WANT TO MODERNIZE 750 KV POWER LINE.

National energy company Ukrenergo and Hungary’s MAVIR have signed a memorandum on modernization of the 750 kV Western Ukrainian-Albertirsa interstate power line, the press service of the company has reported.
“The modernization of the interstate power line is the strengthening of reliability of existing links between the Ukrainian power grid and the power grids of continental Europe, which is important for the future synchronous operation of the Ukrainian power grid with ENTSO-E,” the press service said.
The press service said that the sides before April 1, 2018 will design and finalize a general action plan for the implementation of the project, in particular determine technical solutions for reconstruction.
MAVIR seeks to build a new 750/400 kV substation by the end of 2019 to which Western Ukrainian-Albertirsa power line will be connected.
Ukrenergo will conduct an additional transposition (changing the location of the wires of the individual phases of the power line to minimize voltage deviations in the 750 kV phases from the nominal one) of the wires and will also arrange the fiber-optic communication channel on the adjacent 220-400 kV air lines going to Hungary. The reconfiguration of the line is planned before the end of 2019.
Ukrenergo recalled that Hungary is one of the key importers of Ukrainian electricity with an annual volume of about 3 billion kWh.
Ukrenergo operates trunk and interstate power grids, as well as performs the centralized dispatching of the united energy system in the country. The company is a state-owned enterprise, it is subordinate to the Ministry of Energy and Coal Industry.