Business news from Ukraine

Business news from Ukraine

POLIPOL FROM GERMANY IS INTERESTED IN BUILDING FURNITURE PLANT IN UKRAINE, LVIV REGION

Germany’s Polipol could build an upholstered furniture plant in Lviv region with 1,000 new jobs, according to a posting on the website of Lviv Regional Administration.
The plans were announced at a meeting of German investors with Head of Lviv Regional Administration Oleh Syniutka.
“More than 80 new production facilities were opened last year in the region. We actively invest in infrastructure, roads, social infrastructure. Lviv region is also the best in terms of exports. If you decide to invest in Lviv region, we will ensure all conditions for you to feel yourself comfortable,” the press service said, citing Syniutka.
As the representative of the Polipol company in Ukraine, Herbert Wittwer, said, it could take from one to four years to implement the project, and eventually it is planned to create 1,000 jobs.
“We need a land parcel of 20 hectares. Education is important. We are ready to train employees and create conditions for workers not to migrate. The salary we are ready to offer is EUR 500-600,” Wittwer said.
In turn, Syniutka said that there are enough land parcels of a large area in Lviv region. He acquainted German investors with the existing enterprises in the region – Leoni, Bader, Fujikura, which are successfully developing.
Syniutka said that there is enough workforce in the region, as well as technical educational institutions that are training skilled workers.
The sides decided to study the land parcels in the region and determine the possible options for locating the future enterprise.
Polipol, founded in 1990, according to information on its website, currently has more than 5,000 employees in Germany and abroad. The range of upholstered furniture includes 300 models and 150 television seats. The annual turnover of the company is more than EUR 400 million.

UKRAINIAN FARMERS’ DEMAND FOR MINERAL FERTILIZERS MET BY 79% NOW

Ukrainian farmers as of March 2, 2018, had been provided with mineral fertilizers for the spring sowing campaign by 79% with 788,000 tonnes available together with ending stocks.
As of the same date in 2017, farmers had 83% of the needed amount of mineral fertilizers, the Ukrainian Ministry of Agrarian Policy and Food has said.
To protect plants from weeds, diseases and pests, producers assessed their needs in the first half of 2018 at 30,100 tonnes of pesticides (28,600 tonnes in 2017), including 19,800 tonnes of herbicides.
Farmers as of March 2 had bought 16,800 tonnes of plant protection chemicals (56% of the demand), including 11,100 tonnes of herbicides (56%).
“Agricultural producers’ technological demand for fuel for the period of spring field work in 2018 is estimated at 404,000 tonnes of diesel fuel and 92,000 tonnes of petrol. As of March 2, they had bought 273,000 tonnes of diesel fuel and 62,000 tonnes of petrol, which is 68% and 67% of the demand,” the ministry said.

ESTONIA’S SILVANO FASHION GROUP SEES 58% RISE IN SALES IN UKRAINE

AS Silvano Fashion Group (SFG, Tallinn), engaged in tailoring and sale of lingerie under the Milavitsa, Alisee, Lauma and Laumelle brands, saw a 58.8% rise in sales in Ukraine in 2017, to UAH 75.2 million.
The company said in a report on the Warsaw Stock Exchange (WSE) on Friday that its revenue grew by 52.5% in foreign currency, to EUR 2.53 million.
According to the report, the franchise shop chain in Ukraine remained unchanged in Ukraine – 50 shops.
In 2016, sales in Ukraine fell by 19.4%, to EUR 1.66 million and in hryvnias – by 3.5%, to UAH 47.37 million.
Ukraine’s share of total revenue last year was 4.1% compared with 2.9% a year ago.
SFG said that its sales grew by 7.7% in 2017, to EUR 62.35 million.

HUNGARY’S WIZZ AIR TO LAUNCH KHARKIV-VIENNA FLIGHTS

Hungary’s low cost airline Wizz Air from November 25, 2018 will start servicing flights from Kharkiv to Vienna twice a week – on Wednesdays and Sundays.
The press service of the airline reported that from March 23, 2019 the frequency of the flights will be increased to three times a week, and the flights will be serviced on Tuesdays, Thursdays and Saturdays.
Ukrainian passengers who plan to travel to Austria can book tickets on the airline’s website. The fares start from UAH 1,009/EUR 29.99.
According to the report, this year Wizz Air will resume flights from the Kharkiv International Airport on the recently announced routes to Dortmund and Katowice, and also expand its route network from Lviv to Dortmund, Gdansk, Katowice and London. In addition, the third airplane Airbus A320 will be added to the Kyiv base, thanks to which flights of the airline will connect Kyiv with 21 destinations in 10 countries, taking into account new directions to Tallinn and Lisbon.

EXPRESS DELIVERY COMPANY NOVA POSHTA SEEKS TO OPEN 1,000 DEPARTMENTS

Nova Poshta, a leader in express delivery in Ukraine, plans to open 1,000 departments in 2018, the founder of the company, Viacheslav Klimov said during the opening of a sorting center of the company in Kyiv on Friday.
According to him, this year it is planned to open 400 own departments in big cities and 400 partners’ branches in small towns.
“Another 200 are existing departments that will change the location, or will be significantly improved,” Klimov said.
In addition, the company plans to install in 300 pick-up and drop-off points in 115 own departments.
Klimov recalled that today the company’s network has about 2,300 departments.
He also reminded that earlier Nova Posta had signed a cooperation agreement with the international company DPD, and intends to actively develop this cooperation in 2018.
“A joint project that will connect our networks is on the way, and 28,000 DPD offices in Europe will be available to Ukrainians,” he said.