Business news from Ukraine

INTERGAL-BUD INTENDS TO LAUNCH CONSTRUCTION OF FIVE NEW RESIDENTIAL COMPLEXES IN KYIV BY AUTUMN

KYIV. July 10 (Interfax-Ukraine) – Intergal-Bud construction company (Kyiv) plans to start building five new residential complexes in Kyiv in July-September 2017, Deputy Commercial Director Hanna Layevska has said.
“Now nine residential complexes are being built in Kyiv. By the end of this year we plan to have 14 complexes. In July-September we intend to start building five more new projects and launch sales in them,” she said at a press conference in Kyiv.
The company’s press service reported that the number of apartments in new residential complexes will be over 4,800, and their gross area would be over 300,000 square meters. Construction of the complexes would be finished by May 2020.
The company said that in 2017, Intergal-Bud plans to commission over 250,000 square meters of housing (2,115 apartments in 22 houses) in eight residential complexes in Kyiv, which is 25% more than in 2016.
Intergal-Bud construction company LLC was founded in 2006. It is subsidiary of Lviv subsidiary established in 2003.
As of July 2017, the company has realized residential and commercial property projects with gross area of around 1.5 million square meters in Kyiv, Lviv, Rivne, Chernivtsi, Zhytomyr, Yuzhgorod and Mukachevo.
The company’s portfolio includes promising projects at the design stage with gross area of around 2.5 million square meters.

UKRAINE BY JULY 10 THRESHES 2 MLN TONNES OF EARLY GRAIN AND LEGUMINOUS CROPS

KYIV. July 10 (Interfax-Ukraine) – Ukraine as of July 7 had threshed 2.1 million tonnes of grain and leguminous crops from 683,000 hectares (7% of the target).
According to the press service of the Agricultural Policy and Food Ministry, average yield is 31 centners per ha.
Some 615,000 tonnes of winter wheat were threshed on 196,000 ha with the yield of 31.4 centners per ha.
Some 1.3 million tonnes of winter barley were threshed on 414,000 ha with the yield of 32.3 centners per ha and 400 tonnes of rye on 100 ha with the yield of 31.5 centners per ha.
Around 171,000 tonnes of peas were harvested from 73,000 ha with the yield of 23.3 centners per ha.
Some 83,000 tonnes of rapeseeds were harvested from 41,000 ha with the yield of 20.2 centners per ha.
The ministry said that 16 regions started harvesting grain.
As reported, grain harvest in Ukraine in 2016 totaled some 66 million tonnes, according to the State Statistics Service.

EXCLUSION ZONE AGENCY LEASE LAND PARCELS OF 5 HA IN CHORNOBYL ZONE TO TWO COMPANIES TO BUILD SOLAR POWER PLANTS

KYIV. July 7 (Interfax-Ukraine) – The State Agency for Managing the Exclusion Zone has leased land parcels of 3.4 ha and 1.7 ha to Ecosolar Invest LLC (Vinnytsia) and Solar Chornobyl (Kyiv) to build solar power plants on them, according to the materials posted on the government’s website.
The land parcels are leased for the period of 49 years.
Ecosolar Invest received a concrete car parking lot in Chornobyl, and Solar Chornobyl received a part of the concrete site near the second stage switchgear facility in Pripiat.
According to the state agency, Ecosolar Invest already operates one solar power plant in Ukraine with an installed capacity of 3 MW.
According to the public register, Ecosolar Invest belongs to Oleksandr Labensky and Batima Babich. The son of Babich – Dmytro – was previously a deputy of the Kyiv Regional Council (the faction of the Party of Regions). He headed the Environmental Protection Administration in Vinnytsia region.
The only beneficiary of Solar Chornobyl, according to the public register, is Yevhen Variahin, a former solar project manager for Activ Solar (controlled by the Kliuyev brothers).
The State Agency for Managing the Exclusion Zone said that Solar Chornobyl is a joint project of the Enerparc AG and Rodina Energy Group consortium.

UKRENERGO TO UPGRADE VINNYTSIA SUBSTATION FOR UP TO UAH 511 MLN

KYIV. July 7 (Interfax-Ukraine) – Ukrenergo has announced a tender for the technical re-equipment of the 750 kV Vinnytsia substation with an expected cost of up to UAH 510.562 million (excluding VAT).
According to a company report in the ProZorro system, tender proposals are accepted until August 4, the start of the auction is scheduled for September 11, 2017.
Work on the modernization of the substation should be completed by September 30, 2018.
In the course of modernization, in particular, it is necessary to replace a three-phase autotransformer and a transverse regulation transformer, as well as switches, arresters, cables, and others.
The company notes the autotransformer was put into operation simultaneously with the substation in 1975 and requires replacement for a new one.
Ukrenergo operates trunk and interstate power grids, as well as centralized dispatching of the united power system in the country. It is a state enterprise, subordinated to the Ministry of Energy and Coal Industry.

UKRPOSHTA, VUSO SIGN CONTRACT FOR INSURANCE OF DRIVERS AGAINST ACCIDENTS

KYIV. July 7 (Interfax-Ukraine) – Ukrposhta and VUSO insurance company (both based in Kyiv) on July 5 signed a contract on insurance of drivers against accidents and health insurance, according to the ProZorro electronic procurement system.
According to the agreement, 2,767 people are insured.
The insurance payment per capita is UAH 27,539 thousand. The total insurance payment for all the contracts is UAH 73,695.
The contract is signed with a zero franchise.
As reported, the primary price offer of VUSO was UAH 122,500, the final price stood at UAH 73,695. At the same time, the expected cost of purchasing services was UAH 350,000.
In addition to VUSO, five more insurers participated in the tender.
VUSO has been working in the insurance market for 15 years. It has 24 licenses. Of these, 16 are on voluntary and 8 on compulsory types of insurance. The company is represented in all regions of Ukraine, has 31 representative offices.

UKRAINE BOOSTS CHEESE EXPORTS, IMPORTS IN H1 2017

KYIV. July 7 (Interfax-Ukraine) – Ukraine shipped 4,123 tonnes of cheese onto foreign markets in January-June, 2017, which was 21.3% higher than the same period of 2016.
The shipments increased by 47% in monetary terms, to $14.35 million, Ukraine’s State Fiscal Service said in its customs statistics reports.
Cheese imports in the period under review totaled 4,320 tonnes, an increase by 33.3% compared to the same period last year. The country imported products worth $19.12 million (imports in January-June 2016 were estimated at $13.16 million).
At the same time, exports of butter from Ukraine in January-June 2017 increased by 3.1 times, to 12,270 tonnes. Shipments in monetary terms amounted to almost $44.802 million against $10.93 million in January-June 2016. Butter imports in the six months fell almost 66.7%: from 689 tonnes ($2.25 million) to 231 tonnes ($1.17 million).
Exports of condensed milk and cream in January-June 2017 decreased by 10.7%, to 23,330 tonnes. Ukraine supplied condensed milk and cream to the tune of $40.4 million, which was 13.7% more than in January-June 2016 ($35.53 million).
As was reported, Ukraine in 2016 exported 8,050 tonnes of cheese, which was 25.6% less than in 2015. Imports of cheeses increased by 31.2%, to 7,060 tonnes.