Business news from Ukraine

Business news from Ukraine

UKRAINE BOOSTS CHEESE EXPORTS, IMPORTS IN H1 2017

KYIV. July 7 (Interfax-Ukraine) – Ukraine shipped 4,123 tonnes of cheese onto foreign markets in January-June, 2017, which was 21.3% higher than the same period of 2016.
The shipments increased by 47% in monetary terms, to $14.35 million, Ukraine’s State Fiscal Service said in its customs statistics reports.
Cheese imports in the period under review totaled 4,320 tonnes, an increase by 33.3% compared to the same period last year. The country imported products worth $19.12 million (imports in January-June 2016 were estimated at $13.16 million).
At the same time, exports of butter from Ukraine in January-June 2017 increased by 3.1 times, to 12,270 tonnes. Shipments in monetary terms amounted to almost $44.802 million against $10.93 million in January-June 2016. Butter imports in the six months fell almost 66.7%: from 689 tonnes ($2.25 million) to 231 tonnes ($1.17 million).
Exports of condensed milk and cream in January-June 2017 decreased by 10.7%, to 23,330 tonnes. Ukraine supplied condensed milk and cream to the tune of $40.4 million, which was 13.7% more than in January-June 2016 ($35.53 million).
As was reported, Ukraine in 2016 exported 8,050 tonnes of cheese, which was 25.6% less than in 2015. Imports of cheeses increased by 31.2%, to 7,060 tonnes.

GROYSMAN WOULD LIKE TO START DIALOGUE WITH IMF ON NEW COOPERATION PROGRAM

LONDON. July 7 (Interfax-Ukraine) – Prime Minister of Ukraine Volodymyr Groysman believes that it would be possible to get most from the interaction with the International Monetary Fund (IMF) through to the launch of a new cooperation program.
“If you ask me, as prime minister, would I like to launch a new program and hold a dialogue on a new program? Yes, I would like and would consider this to be the most efficient way to create an action plan for our work,” the prime minister said during the Dragon Capital investment conference in London on Friday, responding to a question about the revision of the cooperation program with the IMF.
At the same time, Groysman stressed Ukraine needs to comply with the commitments it has taken under the current cooperation program.

CANADIAN BUSINESS INTERESTED IN TRADE WITH UKRAINE UNDER FTA AGREEMENT – CANADIAN FM

LONDON. July 7 (Interfax-Ukraine) – Canadian Foreign Minister Chrystia Freeland has said that Canadian companies are interested in trade with Ukraine under the free trade area (FTA) agreement.
“Ukraine has the free trade agreement between Ukraine and Canada…Canadian business has been already reporting to me their enthusiasm for the trade,” she said at the Ukraine Reform Conference held in London on Thursday.
The minister said that Ukraine and Canada 100 years of historic emigration connection and Canada will continue cooperating with Ukraine.

MOST PROMISING PROFESSIONS IN UKRAINE IN AGRARIAN SECTOR, IT BUSINESS – HEADHUNTERS

KYIV. July 7 (Interfax-Ukraine) – Professions in the field of agriculture and IT business will be most in demand among employers in the near future, Serhiy Marchenko, the director for the development of the work.ua job search website.
“I can advise applicants to pay attention to agriculture and IT business – these are the areas that are popular in Ukraine. Personnel managers from agrarian campaigns have been saying for many years that they have big problems with qualified agronomists, machine operators, zootechnicians,” Marchenko said at a press conference in Kyiv.
According to him, agrarian specialization is promising in Ukraine also because sooner or later the land market will start in the country, which will attract investments.
As for IT business, according to Marchenko, this sphere is promising all over the world.
“And, of course, robots will no soon replace these specialists,” he said.

AIS STARTS IMPORTS OF USED ELECTRIC CARS FROM U.S.

KYIV. July 6 (Interfax-Ukraine) – AIS group of companies, a large Ukrainian automobile holding, is entering the market of electric vehicles imported from the United States, according to a press release from the company.
“In connection with the growing demand for electric vehicles and the rapid development of electric power station networks in Ukraine, AIS Market, the trade and service enterprise of AIS Group, specializing in the sale and servicing of used cars, began importing Nissan Leaf electric vehicles,” the report says.
According to the company, due to high driving performance and dynamic characteristics, Nissan Leaf is today the most popular and demanded electric car in Ukraine.
“AIS supplies Nissan Leaf electric cars with a confirmed service history of service, which previously were not involved in road accidents and with the minimum possible mileage for cars of 3-5 years old,” the press release states.
The cars imported by AIS have passed certification in Ukraine, complete customs clearance, pre-sale preparation. Their price starts from UAH 299,000.
AIS Market also provides buyers with the opportunity to buy cars on credit or leasing, guarantee of legality, legal cleanliness, confirmed mileage and technical condition of cars, free Assistance service, the possibility of acquiring KASKO and OSAGO insurance policies.

IEC TO INVEST UAH 160 MLN IN CONSTRUCTION OF NEW EXHIBITION PAVILION

KYIV. July 6 (Interfax-Ukraine) – The International Exhibition Center LLC (IEC, Kyiv), the owner of the eponymous exhibition complex in Kyiv, intends to invest about UAH 160 million in the construction of a new pavilion with a two-storey exhibition hall of 12,500 square meters.
“According to our calculations, UAH 160 million is needed for the construction of the first stage. This amount will be partially made up from the funds of our enterprise and, of course, from credit money,” Anatoliy Tkachenko, the director general of the International Exhibition Center, told Interfax-Ukraine.
According to him, the whole project is divided into 8 start-up complexes (queues), the implementation of which is planned for 3.5 years.
The second stage includes the construction of a multi-purpose hall for 2,500 spectators, the following stages include building a 13-storey office and hotel complex, another exhibition pavilion, underground multi-level parking lots for 736 cars, auxiliary technical and other service facilities.
“However, taking into account our experience, perhaps we will have to change the project – either to increase exhibition space or to strengthen the service part given certain changes in the situation in the market and in the economy as a whole. Therefore we cannot now talk about specific deadlines for the completion of the entire construction project, while a clear benchmark is only one – the introduction of first stage facilities is scheduled for autumn 2018,” Tkachenko said.
As reported, the International Exhibition Center starts the construction of new exhibition pavilions and facilities with a total area of 80,000 square meters.