Business news from Ukraine

Business news from Ukraine

AGROHOLDING MHP CUTS CHICKEN MEAT SALES – LONDON STOCK EXCHANGE

Myronivsky Hliboproduct (MHP) sold 153,140 tonnes of chicken meat to third parties in April-June 2018 (Q2), which is 3% less than in April-June 2017. Sales of chicken meat in the first half of the year increased by 2%, to 288,440 tonnes, the company said in a report on the London Stock Exchange on Wednesday.
Poultry production volumes in Q2 2018 increased by 7% to 155,725 tonnes (Q2 2017: 145,820 tonnes) and in H1 2018 increased by 7% to 307,890 tonnes (H1 2017: 287,694 tonnes), due to increased production of heavier chicken and decreased share of thinning, the report said.

, , ,

UKRAINIAN GAS MONOPOLY THINKS RUSSIA MAY DELAY GAS TRANSIT TALKS

Chief Executive Officer of NJSC Naftogaz of Ukraine Andriy Kobolev has expressed fears that the Russian side will do everything to delay negotiations on the extension of the contract for gas transit through Ukraine, expecting possible changes in the country’s top officials and policy. “Most likely, they are waiting for elections in Ukraine and they want to see if there is any change in power and the country’s political course. They will do everything possible to launch the Nord Stream 2 pipeline construction,” Kobolev told the Kyiv-based Interfax-Ukraine news agency.
Kobolev said Russians now express readiness to study the issue of moving to work within the framework of European legislation, but they are stalling and trying to introduce the issue of negotiating settlement agreements in a trilateral format.
“Until recently, Russians’ position was not constructive. Before the agreement on something under the transit contract, they want to talk about amicable deals within the Stockholm litigation, that is, raise questions that are unacceptable not only for us, but for any party , which won in court,” he said.
Kobolev expressed hope the third party of the negotiations represented by the European Commission would have an impact on Russia, since stalling the process is not advantageous to Ukraine and European consumers of Russian gas.
“As our experience shows, a force majeure signing at the end of 2019 would be a very bad story. I hope that the position of Europeans may lead to a change in the tactics of Russians and they will be forced to negotiate before the end of 2019 about a new format of relations from January 2020. We are working actively on this now. The European Commission is in agreement with us in the application of European law. If we agree on this as a basis, then all further actions become much easier and more effective,” Kobolev said.

, , ,

COAL ENERGY RAISES COAL PRODUCTION BY 16%

Coal Energy S.A. (Luxembourg) with assets in Ukraine in June 2018 increased coal production by 16.2% (by 1,698 tonnes) compared to the same period in 2017, to 12,150 tonnes, the company said on the Warsaw Stock Exchange.
Compared to the previous month, production increased by 1.4% (by 171 tonnes), the report says.
Coal Energy unites ten coal mines, rock dumps processing facilities and objects for enrichment. The company’s business was significantly affected by hostilities in Donbas.

, ,

ATLASJET UKRAINE TO START FLIGHTS FROM ODESA TO ISTANBUL

Atlasjet Ukraine (the AtlasGlobal brand) will begin flights from Odesa International Airport on the route Istanbul-Odesa-Istanbul from November 1, the airport press service has reported.
Such a decision is dictated by operational reasons, the company told Interfax-Ukraine.
“The company continues to work, but in the summer season it will carry out only the charter program,” the source added.
At the first stage, flights will be operated four times a week on Mondays, Thursdays, Fridays and Sundays. The journey takes one hour and 40 minutes.
All flights will be operated by Airbus 320 aircraft with eight business class seats and 156 economy class seats.
As reported, on April 24 Atlasjet Ukraine suspended the scheduled flights to Istanbul from Ukrainian cities.
Atlasjet Ukraine was registered in Ukraine on September 13, 2013, and on April 2, 2014 it received a license from the State Aviation Service of Ukraine to carry out regular passenger flights.
The company carried out regular flights, in particular, from Lviv, Kharkiv and Zaporizhia to Istanbul from September 2015. It uses the AtlasGlobal trademark for provision of services in Ukraine.

, , ,