Business news from Ukraine

ASSOCIATION OF JAPANESE ENTREPRENEURS IN UKRAINE MULLING INVESTING IN ODESA REGION

ODESA. Oct 17 (Interfax-Ukraine) – Leading Japanese companies are considering the possibility of implementing investment projects in Odesa region.
Relevant issues were discussed during a meeting of Odesa Regional Governor Maksym Stepanov with representatives of the Association of Japanese Companies in Ukraine, the press service of Odesa Regional State Administration reported.
“We feel how dynamically the region develops under your leadership, we believe that there are many investment and production opportunities here. We are reliable and long-term partners if we feel confident and know our investment are secure. We need to study all the risks, and we will prepare relevant questions to put forward for further discussion,” the press service quoted General Director of Mitsubishi Corporation in Ukraine Kohei Tagawa as saying.
In turn, Stepanov confirmed their readiness to support investment projects at all levels and to provide all necessary information and assistance to expand mutual relations.
In addition, during a visit to Odesa, Japanese entrepreneurs met with Vice Mayor of Odesa Pavlo Vuhelman and learnt about infrastructure projects in the city initiated by the city council.

UKRAINIAN BERRIES, FRUIT PRODUCERS AFTER SHOW IN HONG KONG OBTAIN PROPOSALS TO SUPPLY 80,000 TONNES OF APPLES

KYIV. Oct 13 (Interfax-Ukraine) – Demand of importers on Ukrainian apples at the Asia Fruit Logistiсa trade show in Hong Kong totaled 80,000 tonnes and cherries – 2,000 tonnes.
“After the show demand on fresh apples – around 80,000 tonnes, fresh berries – around 1,000 tonnes, cherries – some 2,000 tonnes, and preserved berries – around 2,000 tonnes was seen,” Head of the Export Promotion Programme at Western NIS Enterprise Fund Vitaliy Bihdai told Interfax-Ukraine.
He said that only in the first day of the show that was held in September Ukrainian producers received orders to supply 34,000 tonnes of apples harvested in 2017, including 14,000 tonnes for European buyers and 20,000 tonnes for Asian buyers.
In 2017, Ukraine first took part in the Asia Fruit Logistiсa show with the national stand.
“Thanks to the show, Ukrainian businessmen expanded their business contacts and received new orders,” Bihdai said.

GOVERNMENT APPROVES LIST OF 23 CITIES, COMMUNITIES FOR OPENING OF ADMINISTRATIVE CENTERS

KYIV. Oct 13 (Interfax-Ukraine) – The Cabinet of Ministers has approved a list of 23 cities and united territorial communities in which it is planned to open centers on administrative services in the “Transparent Office” format.
An Interfax-Ukraine reporter said that the respective decision was made at a government meeting on Wednesday, October 11.
The list includes such regional centers as Kyiv, Odesa, Kharkiv, Dnipro, Lviv, Kropyvnytsky, Zhytomyr, Rivne, Cherkasy, and Chernihiv, as well as in the towns of Bucha, Druzhkivka, Kamiansk, Kryvy Rih, Rubizhne, Sloviansk, and five communities in Ternopil region – Baikivtsi, Skala-Podilska, Velyki Hai, Velyki Dederkaly, and Melnytsia-Podilska.
The government recommended that local government agencies determine the premises for “Transparent Offices,” taking into account the requirements of accessibility for persons with disabilities, and ensure the development of design estimates for repair work in the premises provided.
The creation of centers for the provision of administrative services is carried out on co-financing terms, with at least 10% of expenditures financed from local budgets.

NOVA POSHTA SEES 23% RISE IN DELIVERIES IN Q3 2017

KYIV. Oct 13 (Interfax-Ukraine) – Nova Poshta (Kyiv) increased deliveries by 23% in the third quarter of 2017 year-over-year, to 33 million deliveries.
“In January-September 2017, the number of deliveries by Nova Poshta was almost 100 million and approached the results of the entire 2016,” the company’s press service said on Thursday.
The company is preparing for the launch of the national terminal.
“The largest parcel sorting station with modern powerful equipment in Ukraine would allow speeding up parcel processing and delivery. It is planned that the terminal will start operating by the end of this year,” the press service said.
Nova Poshta, founded in 2001, is the leader in the local delivery market. The company’s network consists of more than 2,300 depots, 1,400 pick-up and drop-off points and 37 sorting and loading terminals throughout Ukraine. In 2016 Nova Poshta delivered more than 110 million items.

UKRAINE’S FOOD AUTHORITY INVITES VIETNAMESE COLLEAGUES TO INSPECT BIOSECURITY PROCEDURES FOR WHEAT EXPORTS

KYIV. Oct 13 (Interfax-Ukraine) – Ukraine’s Service for Food Safety and Consumer Protection has invited the plant protection department of Vietnam to visit Ukraine and study the biosecurity procedures for exporting wheat.
The Ukrainian authority said in a press release that the issue was discussed at a meeting of the Ukrainian-Vietnamese intergovernmental commission for trade, economic, scientific and technical cooperation.
The sides discussed the state and prospects for Ukrainian-Vietnamese cooperation in agriculture and pointed out the importance of its further development.
The commission members discussed the placing of Ukraine to the list of countries that have the right to export crops to Vietnam.
The special attention was paid to restoration of exports of Ukrainian wheat to the country.
“The fruitful work of the intergovernmental commission gives grounds to count on settling all disputable issues in bilateral trade between the countries by the end of this year,” Head of Ukraine’s Service for Food Safety and Consumer Protection Volodymyr Lapa said.
He said that Ukraine is ready to apply the reciprocity principle in exports and imports of agricultural products and food.

KERNEL TO INVEST $130 MLN IN CONSTRUCTION OF OILSEED CRUSHING PLANT IN KHMELNYTSKY REGION BY 2020

KYIV. Oct 12 (Interfax-Ukraine) – Kernel, a large agroholding in Ukraine, seeks to invest $130 million in construction of an oilseed crushing plant in Khmelnytsky region.
The company said in a press release on Wednesday that the commissioning of the plant is scheduled for 2020.
The installed processing capacity of the plant will be 1 million tonnes of sunflower seeds per year.
“The construction site is in the western part of the country, near Starokonstiantyniv in Khmelnytsky region, next door to Kernel’s silo… The project will be financed from the Eurobond proceeds raised in 2017,” the company said.
The memorandum on construction of the new plant was signed on October 11 by representatives of the company and the governor of Khmelnytsky region.
Kernel said that Western Ukraine has a significant potential to increase sunflower seed production.
The new plant will be the most modern plant in Ukraine in its segment. The enterprise will boost tax payments to the local budget, create new jobs and allow local companies to participate in tenders for providing labor and services, Kernel said.
Kernel is the world’s largest producer and exporter of sunflower oil, the leading producer and supplier of agricultural products from the Black Sea region to the world markets. The vertically integrated structure of the company is built on closely interrelated business segments: production, export and domestic sales of sunflower oil, plant growing, grain exports, providing grain storage and transshipment services at elevators and port terminals. Since 2007 the company’s shares have been traded on the Warsaw Stock Exchange (WSE).