Business news from Ukraine

Business news from Ukraine

KERNEL’S SUNFLOWER OIL SALES IN BULK INCREASED 13% IN Q2 FY2017, GRAIN SALES 15%

KYIV. Jan 16 (Interfax-Ukraine) – Kernel, a large Ukrainian agrarian group, in the second quarter of FY2017 started in July 2016 increased grain sales by 15.3% year-over-year, to 1.53 million tonnes.

The company said in a report posted on its website that sunflower oil sales in bulk increased by 13.1%, to 336,020 tonnes and bottled oil sales – by 16.7%, to 36,330 liters.

Over the period the holding crushed 908,540 tonnes of sunflower seeds and this is 0.7% less than a year ago.

Export terminal throughput stood at robust level of 1.66 million tonnes, marginal 2% year-over-year decrease.

Kernel is the world’s largest producer and exporter of sunflower oil. It is the leading manufacturer and supplier of agricultural products from the Black Sea region to world markets.

Kernel’s share of the world’s sunflower oil production is about 8%.

SWEDISH THREE-STAR HOTEL JOINS REIKARTZ HOTEL CHAIN

KYIV. Jan 16 (Interfax-Ukraine) – Reikartz Hotel Management LLC (Kyiv), the managing company of the Reikartz Hotel Group, has signed a contract to manage the second hotel in Sweden – three-start Tidbloms Hotel in Goterborg – expanding its chain outside Ukraine to five hotels.

The company’s press service reported on Monday that the Tidbloms Hotel is located 2 km far from the central part of Goterborg. It has 42 rooms of various categories.

The hotel has a gastropub, a bar, a conference hall with 50 seats, an English-style library and a parking area.

“According to the global tendencies hotel business is moving towards network management. 2016 has become a jumping-off point for Reikartz in the world of international hotel business… Contracting new partners and enlargement of Reikartz geography is our priority goal for 2017,” CEO Reikartz Hotel Group Sebastian Kremer said.

The company said that the first hotel under Reikartz management was Roslagen situated in the city of Norrtalje.

Today Reikartz hotel chain unites more than 30 hotels in Ukraine and five hotels in Moldova, Kazakhstan and Sweden.

 

CHORNOBYL ZONE AGENCY EXTENDS DEADLINE FOR SUBMISSION OF BIDS TO BUILD SOLAR POWER PLANTS UNTIL MARCH

KYIV. Jan 16 (Interfax-Ukraine) – Ukraine’s State Agency for Managing Chornobyl Exclusion Zone has extended a deadline of submitting bids for the allocation of land parcels to build solar power plants in the Chornobyl zone until March 1, 2017.

“Taking into account many requests from foreign investors to increase the terms for submitting bids to implement the solar power plant projects in the exclusion zone… it was decided to postpone the deadline for submitting the bids until March 1 [initially it was planned to finish it on January 1],” the press service of the agency reported.

As reported, the total area earmarked for construction of solar power plants is 1,172 ha.

There is an opportunity of introducing a pilot project: to select one of the preliminary determined parcels where it is possible to place solar power plants with the installed capacity of up to 20 MW.

Around 2 ha are required to build a solar power plant with the projected capacity of 1 MW.

LOZOVA MACHINERY POSTS 80% RISE IN SALES IN 2016

KYIV. Jan 16 (Interfax-Ukraine) – Lozova Machinery (the brand of tillage machines made by UPEC Group’s enterprises, Kharkiv region) posted an 80% rise in sales in 2016, to over UAH 250 million, the press conference of UPEC has reported.

“Sales grew thanks to expansion of the range of products, active participation in exhibitions and events and improvement of warranty servicing. The number of servicing employees, the number of teams and servicing vehicles was increased,” the press service said, citing Sales Director of UPEC’s agricultural division Oleksandr Tytov.

Marketing Director of the agricultural division Olha Babkova said that products of Lozova Machinery were actively promoted outside Ukraine.

“The brand is being sold in two strategic directions: CIS and Eastern Europe markets. Thanks to participation in exhibitions and holding demonstration tours we have managed to boost sales and expand the dealer chain in these regions,” Babkova said.