Business news from Ukraine

UKRAINE EXPORTS 23.1 MLN TONNES OF GRAIN SINCE START OF 2016/2017 MY

KYIV. Jan 10 (Interfax-Ukraine) – Ukraine since the beginning of the 2016/2017 marketing year (MY, July-June) and as of January 6, 2016 had exported 23.07 million tonnes of grain.

According to the Ministry of Agricultural Policy and Food, by that time the country had exported about 11.5 million tonnes of wheat, 4.33 million tonnes of barley and about 7.13 million tonnes of corn.

In addition, Ukraine exported 169,700 tonnes of flour.

As reported, with reference to data from the ministry, Ukraine in the 2015/2016 MY exported 39.487 million tonnes of grain, which is 13.5% more than in the previous season.

According to forecasts from the ministry, grain exports in the 2016/2017 MY could reach about 40 million tonnes.

UKRGAZVYDOBUVANNIA SIGNS CONTRACT WITH DELOITTE&TOUCHE FOR AUDIT

KYIV. Jan 10 (Interfax-Ukraine) – PJSC Ukrgazvydobuvannia has signed a contract with PJSC Deloitte & Touche USC (Kyiv) for audit of financial statements for 2016 prepared in accordance with international financial reporting standards (IFRS).

According to a company report in the ProZorro system, the contract worth UAH 2.628 million (including VAT) was signed by the parties on December 29, 2016. The audit must be completed by March 31, 2017.

Baker Tilly also participated in the auction with an offer of UAH 2.65 million (including VAT).

As reported, Ukrgazvydobuvannia intends to increase gas production from 14.5 billion cubic meters in 2015 and 2016 to 15.2 billion cubic meters in 2017, 16.5 billion cubic meters in 2018, 18.3 billion cubic meters in 2019, and 20.1 billion cubic meters in 2020.

MALYSHEV PLANT SIGNIFICANTLY INCREASES PRODUCTION IN 2016

KYIV. Jan 7 (Interfax-Ukraine) – State enterprise Malyshev plant (Kharkiv) in 2016 significantly increased production compared to 2015, the press service of the plant has stated.

According to a report on the company’s website, in 2016 production at Malyshev plant grew by 319.3% compared to 2015, sales revenues increased by 178%. This is the best performance of the company over the past five years, the press service said.

The significant growth of Malyshev plant revenues is provided by the full loading of its production capacity.

“More than ten operating contracts provide the continuous work of the plant, reliably ensuring a successful tomorrow,” the press service said.

Malyshev plant is the world’s known Ukrainian manufacturer of armored vehicles. It has been part of Ukroboronprom State Concern since January 2011 under the decision of the government of Ukraine.

UKRAINE EXPORTS ELECTRICITY FOR $152 MLN IN 2016

KYIV. Jan 7 (Interfax-Ukraine) – Ukraine in 2016 exported electricity worth $152.063 million, in particular in December for $14.278 million.

According to the State Fiscal Service, electricity delivered to Hungary amounted to $119.317 million last year, to Poland to $32.392 million, Moldova to $347,000, and other countries to $7,000.

Thus, in money terms exports of Ukrainian electricity last year grew by 1.3% or $2.007 million compared to 2015 ($150.056 million).

In addition, in 2016 Ukraine imported power worth $3.63 million ($3.565 million from Russia and $65,000 from Belarus), while electricity for $84.874 million was imported in 2015.

As reported, Ukraine in 2011 exported electricity for $399.963 million, in 2012 – for $574.819 million, in 2013 – for $580.195 million, in 2014 – for $487.185 million, and in 2015 – for $150.056 million.

UKRAINE EXPORTS NITROGEN FERTILIZERS WORTH $322 MLN IN 2016

KYIV. Jan 7 (Interfax-Ukraine) – Ukraine in 2016 exported nitrogen mineral or chemical fertilizers (foreign trade code 3102) for a total of $321.614 million and imported for $216.095 million.

According to the State Fiscal Service, supplies to Turkey amounted to $113.724 million, Italy to $45.42 million, India to $35.502 million, and other countries to $126.968 million.

Imports of nitrogen fertilizers in the last year were carried out from Russia for $166.72 million, Belarus for $24.04 million, Kazakhstan for $10.583 million, other countries for $14.752 million.

In addition, Ukraine in 2016 exported ammonia (code 2814) worth $40.569 million, while imports stood at $51.802 million.

VIKTOR & K TO LAUNCH SOYBEANS PLANT IN AUTUMN

KYIV. Jan 6 (Interfax-Ukraine) – Private enterprise Viktor and K (Svitlovodsk, Kirovohrad region, the Korolivsky Smak trademark) plans in autumn 2017 to launch a soybeans plant, at which nearly 1,000 jobs will be created, according to the Uriadovy Kurier newspaper.

According to the report, currently the construction of these facilities is “under way.”

In addition, Viktor and K is currently completing the construction of sewage treatment plants and a product storage terminal, which will be fully computerized.

According to the publication, currently the company employs about 2,000 people. Its processing capacity is 400-500 tonnes of seeds per day, production capacity is 170-210 tonnes of oil per day and up to 30 tonnes of mayonnaise per shift, the capacity of two elevators is 17,000 tonnes.

According to the Uriadovy Kurier newspaper, Viktor and K was founded in 1998 by Viktor Korol, who also owns the Korolivsky Smak brand. According to the state register, Korol is the sole owner and CEO of the company.