Business news from Ukraine

Business news from Ukraine

UKRAINE’S TRANSPORT COMPANIES INCREASE FREIGHT TRANSPORTATION BY 6%

Transport enterprises of Ukraine (excluding the temporarily occupied territory of Crimea and Sevastopol, as well as part of Donbas) in January and February 2019 increased cargo transportation by 5.9% compared to January and February 2018, to 103.1 million tonnes.
The State Statistics Service said freight turnover for this period increased by 2.9%, to 52.1 billion tonne-kilometers.
According to statistical data, in January and February 2019 some 40.5 million tonnes of cargo were transported by rail within the country and for exports, which is 4.2% less than in January and February 2018.
Transportation of scrap ferrous metals decreased by 55.6%, timber by 55.2%, construction materials by 35.2%, coke by 12.7%, ferrous metals by 9.8%, cement by 6.7%, coal by 1.7%. At the same time, transportation of iron and manganese ore grew by 0.7%, chemical and mineral fertilizers by 1.4%, grain and cereals by 19.5%, and oil and petroleum products by 24.8%.
In the total volume of cargo transportation by sea overseas accounted for 76.9%. The volume of overseas cargo transportation in the reporting period decreased by 21.6% compared with January and February 2018.
In January and February 2019 compared with the same period last year, the volume of cargo transported by pipelines increased. Thus, gas pumping grew by 5.7%, oil – by 2.8%, gas transit – by 15%, and oil – by 3.1%. Pumping and transit of ammonia increased 21.4% and 18.1%, respectively.

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LARGEST CAPITAL PRODUCER OF BAKERY RECEIVES UAH 2.76 MLN LOSS IN 2018

PrJSC Kyivkhlib, the largest capital producer of bread and bakery products, received a net loss of UAH 2.76 million in 2018 against a net profit of UAH 15.27 million a year earlier.
According to the company’s announcement of a general meeting of shareholders scheduled for April 22, its assets decreased by 11% last year, to UAH 688.22 million.
The total debtor indebtedness over the year declined by 25.5%, to UAH 303.43 million.
By the end of the year, the retained earnings of Kyivkhlib amounted to UAH 87.31 million.
PrJSC Kyivkhlib was established in 1996 by transforming state-owned enterprise Kyivkhlibprom. It consists of nine production sites in the capital and Kyiv region.

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UKRAINE EXPORTS 35.6 MLN TONNES OF GRAIN IN 2018/2019 MY

Ukraine since the beginning of the 2018/2019 marketing year (MY, July-June) and as of March 20, 2019 had exported 35.605 million tonnes of grain and leguminous plants, which is 20.8% more than on the same date of the previous MY.
According to the Ministry of Agrarian Policy and Food, farmers exported 18.74 million tonnes of corn, 12.95 million tonnes of wheat, and 3.3 million tonnes of barley.
On that date, some 192,200 tonnes of flour had been also exported.
As reported, with reference to the ministry, Ukraine exported 39.4 million tonnes of grain in the 2017/2018 MY.

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AGROTRADE PLANS TO INVEST $1.2 MLN IN AGRI MACHINERY

The Agrotrade Group in spring 2019 will invest $1.2 million in the upgrade of its agricultural machinery fleet, the press service of the company has reported.
“The company will purchase five tractors and three cultivators. The total amount of investments is about $ 1.2 million,” the agro holding’s press service told Interfax-Ukraine.
According to the press service, Agrotrade intends to unify the equipment of the holding’s enterprises, which will help minimize costs.
“We are going to ensure that all the tractors will be made by the same manufacturer and of the same model range. At the moment, approximately 90% of our equipment is Case and New Holland, and about 10% is John Deere. We plan to gradually abandon the latter,” the press service reported, citing Financial and Operations Director at Agrotrade Olena Vorona.
Agrotrade is a vertically integrated holding, engaged in production, processing, storage and trade in agricultural products. It manages 72,000 hectares of farmland in Chernihiv, Sumy, Poltava and Kharkiv regions.

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