Business news from Ukraine

Business news from Ukraine

UKRAINE CUTS GAS PRODUCTION IN Q1, 2018

Production of natural gas in Ukraine in January-March 2018, according to live data, decreased by 0.7% (by 36.9 million cubic meters) compared to the same period in 2017, to 5.101 billion cubic meters, according to data from PJSC Ukrtransgaz. According to calculations by Interfax-Ukraine, in particular gas production by PJSC Ukrgazvydobuvannia amounted to 3.763 billion cubic meters (1.8% up from January-March 2017), PJSC Ukrnafta to 261.2 million cubic meters (16% down), by other companies to 1.076 billion cubic meters (4.8% down).
In March 2018, gas production amounted to 1.735 billion cubic meters (2.5% down compared to March 2017), in particular extraction by Ukrgazvydobuvannia was 1.289 billion cubic meters (0.1% up), Ukrnafta some 88.6 million cubic meters (16.2% down), other companies some 357.7 million cubic meters (7.3% down).
Ukrtransgaz, 100% owned by Naftogaz Ukrainy, operates a system of trunk gas pipelines and 12 underground gas storage facilities of the country with a total capacity of 31 billion cubic meters.

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UKRAINE ISSUES FIRST ELECTRONIC VISA FOR ENTRY WITH BUSINESS OR TOURIST PURPOSES

The first electronic visa (e-visa) for entry with business or tourist purposes to Ukraine was issued on Thursday, April 5, Ukrainian Foreign Minister Pavlo Klimkin has said. “The system for issuing electronic visas is working. We have just issued the first Ukrainian e-visa to a citizen of Thailand. We are moving from the trial mode to the full operating mode,” Klimkin wrote on Twitter.
On April 4, Ukraine launched an online registration service for citizens of 46 states of electronic visas (e-visa) for entry with business or tourist purposes. to fill out an e-Visa, one need to take a few simple steps without leaving home: fill out an online application form, download scanned copies of the required documents, pay by bank card (MasterCard Worldwide or Visa International) and print out electronic visa which was e-mailed to you. Processing time is up to nine business days; fee – $65; the term of validity – single entry for up to 30 days.
E-visas are introduced for citizens of the following states: Australia, Antigua and Barbuda, the Commonwealth of the Bahamas, Barbados, Bahrain, Bolivia, Bhutan, Vanuatu, Haiti, Guatemala, Honduras, Greenland, Dominica, Dominican Republic, Indonesia, Cambodia, Qatar, Costa Rica, Kuwait, Laos, Mauritius, Malaysia, Maldives, Mexico, Micronesia, Myanmar, Nepal, Nicaragua, New Zealand, Oman, Palau, Peru, El Salvador, Samoa, Saudi Arabia, Seychelles, Saint Vincent and the Grenadines, Saint Lucia, Singapore, Suriname, Thailand, Timor-Leste, Trinidad and Tobago, Tuvalu, Fiji, Jamaica.

UKRAINE EXPORTS ELECTRICITY FOR $80 MLN IN JAN-MARCH, LARGEST CUSTOMERS – HUNGARY, POLAND, MOLDOVA

Ukraine in January-March this year exported electricity for $80.471 million, in particular in March for $30.813 million. According to the State Fiscal Service, in January-March electricity was supplied to Hungary for the amount of $51.395 million, Poland for $19.024 million, Moldova for $8.147 million and other countries for $1.905 million.
Thus, in monetary terms exports of Ukrainian electricity in January-March 2018 increased by 18.1% compared to the same period in 2017 ($68.12 million).
In addition, Ukraine in January-March 2018 imported electricity for $457,000 (from Russia for $442,000, from Belarus for $15,000 and Moldova for $1,000).

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AGROLIGA GROUP COMPLETES CONSTRUCTION OF INNOVATIVE OIL EXTRACTION PLANT IN KHARKIV REGION

Agroliga Group (Kharkiv region) has completed the construction of an innovative oil extraction plant in Nova Vodolaha (Kharkiv region).
According to a report on the group’s website, equipment diagnostics and the testing of technological processes will now be carried out within two months. The inspection is aimed at identifying and eliminating possible defects in the installation of electrical equipment.
After completion of the commissioning works, the plant will be put into operation.
As reported, the total cost of construction and procurement of all necessary components and equipment for the oil extraction plant was estimated at $9 million, of which $6.7 million was financed at the expense of external sources.
The new plant will have the opportunity to change the volume of processing of raw materials in the range from 100,000 tonnes to 170,000 tonnes without additional investment in equipment, and if extra investments are attracted, the capacity could be raise up to 280,000 tonnes per year.
The plant will also be able to reconfigure the equipment for soybean and rapeseed oil production without additional investment in equipment.
Agroliga has been operating in the Ukrainian agricultural market since 1992. Its enterprises are engaged in growing grains, processing sunflower seeds and dairy farming.

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UKRAINE RISES POULTRY EXPORT BY 15% IN JAN-MARCH

Ukraine in January-March 2018 exported 74,730 tonnes of poultry, which is 15.1% more than in the same period in 2017, the State Fiscal Service has reported.
According to its data, in monetary terms the exports of these products increased 32.9%, to $111.95 million.
Imports of poultry and offal products increased by 25.6%, to 30,840 tonnes, in monetary terms by 35.5% and amounted to $13.1 million.
According to the authority, exports of pork in January-March 2018 compared to the corresponding period in 2017 decreased by 67.8%, to 600 tonnes. Exports of these products amounted to $1.37 million compared with $3.61 million in January-March 2017.
Pork imports to Ukraine during this period increased 2.7-fold, to 1,800 tonnes. Pork imports totaled $3.07 million compared to $1.12 million in January-March 2017.

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