Business news from Ukraine

Business news from Ukraine

UKRAINE EXPORTS OVER 600,000 TONNES OF SUGAR SINCE EARLY 2016/17 AGRI-YEAR – UKRTSUKOR

KYIV. April 7 (Interfax-Ukraine) – Sugar exports from Ukraine since the start of the 2016/17 agricultural year (September-August) totaled 611,000 tonnes, the Ukrtsukor national association of sugar producers has said.
The association said in a press release that in March, Ukrainian companies exported 89,100 tonnes of sugar. This was 27% less than in February.
Some 15,260 tonnes was exported to Cote d’Ivoire in March, 11,390 tonnes to Sudan, 10,200 tonnes to Myanmar and 10,100 tonnes to Togo.
Now Ukrainian companies are sowing sugar beets. Sugar beets have been planted on 130,700 ha with the target of 330,000-350,000 ha.
As reported, referring to Ukrtsukor, Ukraine in 2015/16 agri-year increased sugar exports by almost 3%, to 113,000 tonnes.

KERNEL, DNIPROVSKY STEEL MILL, ARCELORMITTAL KRYVYI RIH ARE LARGEST RECIPIENTS OF VAT REFUNDS IN MARCH 2017

KYIV. April 6 (Interfax-Ukraine) – The largest recipient of VAT refunds in March 2017, as in the previous two months, was Kernel-Trade agricultural exporter with UAH 1.335 billion, the State Treasury Service has reported.
According to its data, the following are Dniprovsky steel mill, part of ISD Corporation, with UAH 647.8 million and ArcelorMittal Kryvyi Rih with UAH 637.54 million.
The following four places are also occupied by the representatives of the mining and metallurgical complex: Zaporizhstal with UAH 494.7 million, Azovstal with UAH 469.5 million, Poltava GOK with UAH 426.8 million and Mariupol-based Illich steel mill with UAH 408 million.
The top ten recipients of VAT refunds also include three agricultural exporters: Satellite LLC with UAH 330.5 million, Louis Dreyfus Company Ukraine with UAH 271.4 million, and Suntrade with UAH 188.7 million.

ECO-BUD-TRADE WINS TENDER TO BUILD PODILSKO-VOSKRESENSKY BRIDGE IN KYIV

KYIV. April 6 (Interfax-Ukraine) – Eco-Bud-Trade LLC (Kyiv) has won a tender to build the Podilsko-Voskresensky Bridge in Kyiv held on March 31, the press service of Kyiv City Administration has reported.
Director of the construction and housing provision department of Kyiv City Administration Kostiantyn Fedotov said that the tender to build the bridge was held for two sections. Eco-Bud-Trade LLC won the two lots.
According to the report, the company proposed to build a section across the Dnipro River for UAH 4.3 billion, while works on the left bank would cost UAH 1.7 billion. Some works are to be completed in 2017.
“The top priority task for this year set before the winner of the tender will be completion of works in the section across the Dnipro River,” Fedotov said.
As reported, the city has arranged with participation of Head of Kyiv City State Administration Vitali Klitschko the examination of the Podilsko-Voskresensky Bridge by German specialists. Germany has provided EUR 200,000 for this purpose.
The authorities hope that urban traffic movement across the bridge will be launched in three years.

BASF SEES 12% RISE IN SALES IN UKRAINE IN 2016

KYIV. April 6 (Interfax-Ukraine) – Chemical concern BASF saw a 12% rise in sales in Ukraine.
“BASF in Ukraine increased sales by 12% last year. The key business segments showed growth of over 10%. This is linked to general development of sectors and the launch of several partner projects with leading Ukrainian companies,” BASF Managing Director in Ukraine Andreas Lier said at a press conference in Kyiv on Wednesday.
He said that in 2016 the project on fortification of sunflower oil (adding fortified vitamin A) was realized with two Ukrainian producers and exporters. This helped the companies to enter Asian and African markets.
Another project realized by BASF in Ukraine was designing of BASF solution for the largest refrigerator manufacturer in Ukraine. The project helped to create products not using Ozone Depleting Substances (ODS).
Lier said that last year BASF business in Lviv, Ivano-Frankivsk, Ternopil, Vinnytsia and Kyiv regions expanded within 15-20%.
“If social and economic development resumes, in particular, growth of the key economic sectors for the company, BASF in Ukraine would be able to reach the same growth in 2017 or even improve its results,” he said.
The managing director said that BASF in Ukraine supports companies in certification of products, facilitation of access to new markets and cooperates with associations in drafting legislation.
BASF is the largest chemical company in the world with six integrated production platforms and 352 production facilities all over the world. The company’s portfolio is organized into five segments: chemicals, performance products, functional materials & solutions, agricultural solutions and oil & gas.