Poland’s Unimot seeks to organize a chain of 100 franchise operating filling stations under the Avia brand in Ukraine within three years, Bankier.pl publication has reported, referring to Head of the supervisory board of Unimot Adam Sikorski.
Earlier Unimot received a permit from Switzerland’s Avia International to use its brand in Ukraine. Unimot said tht the company also received a large number of applications from Ukrainian businessmen – owners of filling stations – who show their interest in cooperation.
Today Unimot operates eight filling stations under the Avia brand in Poland. The company seeks to boost their number to 100 in Poland by 2020.
The growth of Ukraine’s real gross domestic product (GDP) in 2017 was 2.2% compared to 2.3% in 2016, the Ministry of Economic Development and Trade said, with reference to preliminary estimates from the State Statistics Service.
The growth of Ukraine’s real GDP (gross domestic product) in the fourth quarter of 2017 compared to the same quarter of 2016 amounted to 1.8% against 2.1% in the third quarter, the State Statistics Service has said.
The National Bank of Ukraine (NBU) has estimated growth of real gross domestic product (GDP) of Ukraine in 2017 at 2.1%.
The deficit of Ukraine’s balance of foreign trade in 2017 totaled $2.63 billion, while a year ago the surplus was $0.54 billion, the State Statistics Service reported. The deficit of Ukraine’s foreign trade in goods in 2017 increased 2.2-fold compared to 2016 and amounted to $6.332 billion (in 2016 the figure stood at $2.888 billion).
Industrial prices in Ukraine in January 2018 increased by 4.4% from December 2017, whereas their growth in December 2017 was by 1.7%, in November 2017 by 1.8% and in October 2017 by 2.3%.
Inflation in Ukraine in January 2018 was 1.5% compared to 1% in December of the previous year.
The revenues of the national budget of Ukraine in January 2018 amounted to UAH 55.06 billion, which is UAH 1.5 billion or 2.8% more than the target, the State Treasury Service has said.
Customs payments to the national budget in January 2018 increased by 43.5% compared to January 2017, to UAH 27.1 billion, which is UAH 4 billion, or 16.8% more than the target set by the Ministry of Finance, the State Fiscal Service said on its Facebook page.
Assets of the National Bank of Ukraine (NBU) as of January 1, 2018 reached UAH 1.026 trillion, which is 9.1% more than as of January 1, 2017, including a rise of 3.7% in the fourth quarter of 2017. The banking sector of Ukraine in 2017 posted UAH 24.4 billion of net loss, according to a February survey of the banking sector posted on the website of the National Bank of Ukraine (NBU).
Money stock in Ukraine in January 2018 decreased by 2.7%, to UAH 1.177 trillion.
Ukraine in 2017 sold industrial products (goods, services) for UAH 2.153 trillion, which is 21.9% more than in 2016 (UAH 1.766 trillion), in particular abroad for UAH 596.1 billion (UAH 466.6 billion), the State Statistics Service has said.
Transport companies in Ukraine in January 2018 increased passenger transportation by 1.6% compared to January 2017, to 366.7 million people, but transport companies in Ukraine in January 2018 decreased transportation of goods by 13.4% compared to January 2017, to 45.2 million tonnes.
Retail trade turnover in Ukraine in January 2018 in comparable prices increased by 9.6% compared to January 2017, while compared to December 2017 decreased by 24.5%.
The runway of the Odesa international airport could be completely reconstructed in 2019, Ukrainian Infrastructure Minister Volodymyr Omelyan has said.
“Now the full-scale reconstruction of the runway in Odesa will start. The construction of a cement plant is being finished. I would like that everything is finished this year. However, with realistic approach it will be next year. The issue is financing. We have only UAH 500 million now,” he said at a press conference devoted to the annual report of the head of the State Aviation Service of Ukraine in Kyiv on Friday, February 23.
As reported, in November 2017, Automagistral-Yug (Odesa) started building a runway for the Odesa International Airport. In September 2017, the Cabinet of Ministers of Ukraine approved the allocation of UAH 800 million for reconstruction of Ukrainian airports, including UAH 500 million for Odesa airport.
Early July 2011 Odesa City Council agreed to participate in joint venture Odesa International Airport LLC, which was created to reconstruct municipal enterprise Odesa International Airport. The second participant in the JV was Odessa Airport Development Ltd. with a charter capital of about UAH 1,000. The share of Odesa City Council in the joint venture was 25%, while the city council injected property worth UAH 118.4 million into the charter capital of Odesa airport. The charter capital of the joint venture was required to be UAH 473.4 million. The remaining part was to have been injected by the private company.
Source: National Bank of Ukraine
Polish egg producers believe that the arrival of the Avangard agroholding, a large egg producer in Ukraine, to the European market would result in growth of competition and “serious consequences” for Polish egg exporters. “The decision of the European Commission will have very serious consequences for Polish egg producers. Expansion of export competition and a significant deterioration in the profitability of egg exports from Poland should be expected,” the National Chamber of Poultry and Fodder Producers (KIPDiP) said.
They said that Avangard has long ago focused on the recovery of exports to the European Union, seeking a “cure” to reduce the dependence on sales in the MENA markets as its main export market.
KIPDiP said that in recent years, the company’s sales to the countries of the region have deteriorated due to the unfavorable geopolitical situation there. The Polish Chamber said that that the first plant that was placed on the list of European Commission enterprises admitted to import Class A food eggs into the EU market was the Yasensvit plant from the Ovostar Union. The permit for Yasensvit is effective from September 12, 2017, and in October the Ukrainian company started selling eggs to the EU.
The Chamber said that imports of eggs and processed products from Ukraine are steadily growing : in 2014, Ukraine’s share of EU imports was 4%, and in 2016 – already 50%.
As reported, Ukraine’s largest producer of eggs Avangard agricultural holding, controlled by Ukrlandfarming, whose shares are traded on the London Stock Exchange, in October 2015 completed the restructuring of eurobonds for $200 million. Previously American Cargill has withdrawn from among the shareholders of Ukrainian-based UkrLandFarming (ULF) agrarian holding, according to a ULF financial report for 2016. Cargill’s subsidiary, Cargill Financial Services International Inc. by the end of 2015, had held 1,668,749 ULF shares, or 5% of the total number. By the end of 2016, the number of shares owned by Avonex Limited had not changed, whereas the package held by Cargill was transferred to Cyprus-based Quickcom Limited’s ownership. The report says that the sole owner of Avonex Limited and Quickcom Limited is Oleh Bakhmatiuk. Cargill acquired a 5% stake in ULF early in 2014 for $200 million. Based on the sum of the deal, the total value of the holding was assessed at $4 billion.
