Business news from Ukraine

UKRAINE THRESHES 1.5 MLN TONNES OF EARLY GRAIN CROPS AS OF JULY 2

KYIV. July 4 (Interfax-Ukraine) – Ukraine as of July 2 had threshed grain and leguminous crops on 412,000 hectares, harvesting 1.5 million tonnes of grain.

The press service of the Agricultural Policy and Food Ministry reported on Saturday, the yield is 35.6 centners per ha (30 centners per ha in 2015).

Some 178,000 tonnes of wheat was threshed on 47,000 ha or 1% of the target with the yield of 38.1 centners per ha (31.8 centners per ha in 2015).

Some 1.2 million tonnes of wheat was threshed on 354,000 ha or 13% of the target with the yield of 35.4 centners per ha (30.8 centners per ha in 2015).

Around 35,000 tonnes of peas were harvested from 12,000 ha (5%) with the yield of 29.3 centners per ha (18.5 centners per ha in 2015).

Some 42,000 tonnes of winter rapeseeds were threshed on 19,000 ha (3%) with the yield of 22.2 centners per ha (17.2 centners per ha in 2015).

SLOVAKIAN TAXI SERVICE HOPIN ENTERS UKRAINIAN MARKET

KYIV. July 1 (Interfax-Ukraine) – The Hopin taxi service mobile attachment (Slovakia) starts operating in Kyiv from July 1.

Director General Martin Winkler said at a press conference in Kyiv on Wednesday that using the attachment one can learn about the fare, type of a car, warn a taxi driver about a delay and track the approaching of the car.

The minimum order is UAH 40. The cost of one kilometer travelling is UAH 6.

He said that by the end of this year the company seeks to reach 2,000 drivers in Kyiv and 500,000 orders a month.

Cash or bank cards via the attachment could be used to pay for the taxi.

Asked about the lawfulness of the taxi service operation, Marketing Director of the Ukrainian division Vadym Yurik said that the issue has been settled under Ukrainian law. There is a representative office in Ukraine. The taxi market in Ukraine unfortunately is unregulated now. Around 90% of drivers work without any permits, he said.

“We hope that the issue would be settled soon,” he said, not disclosing how tax payment from operations of taxi drivers is settled.

Yurik added that the company has interviews with drivers before hiring them and monitors drivers’ rating in the application.

He said that the company intends to operate in several large cities of Ukraine.

Winkler said that by the end of this year or early next year the company could enter Lviv and Odesa and then Dnipro and Kharkiv.

KHLIBNI INVESTYTSII LAUNCHES NEW BAKERY IN KYIV REGION

KYIV. July 1 (Interfax-Ukraine) – Khlibni Investytsii, one of the largest producers of bread and bakery goods in Ukraine, has launched a new bakery located near First Capital Bakery (Pershy Stolychny Khlibzavod).

According to a report on the website of the holding, the company’s investment amounted to $6 million. It is planned to invest another $6 million in 2016-2017.

Currently, the company has installed a line for producing Ukrainsky bread with a capacity of 30 tonnes per day. It is planned to start a long loaf line in September 2016.

Construction began in late November 2015.

After the launch of new facilities Pershy Stolychny Khlibzavod became the largest plant in Ukraine in terms of its potential.

Khlibni Investytsii Holding plans in 2017 to build a new confectionery factory near Pershy Stolychny Khlibzavod

INTERBANK CURRENCY EXCNAGE, UAH/EUR

Sourse: National Bank of Ukraine

Source: National Bank of Ukraine

INTERBANK CURRENCY EXCNAGE, UAH/USD

Sourse: National Bank of Ukraine

Source: National Bank of Ukraine