Business news from Ukraine

Business news from Ukraine

UKRAINE EXPORTS NITROGEN FERTILIZERS FOR $72 MLN, IMPORTS FOR $191 MLN IN H1, 2017

KYIV. July 18 (Interfax-Ukraine) – Ukraine in January-June 2017 exported 377,465 tonnes of nitrogen mineral or chemical fertilizers (under foreign activity code 3102) for $72.03 million, while imported 962,441 tonnes worth $191.418 million.
According to the State Fiscal Service, nitrogen fertilizers exports to Turkey amounted to $30.367 million, Italy to $11.579 million, Romania to $6.641 million, and other countries to $23.443 million.
Nitrogen fertilizers in the first half of the year were imported from the Russian Federation for $134.027 million (a share of 70.02%), Uzbekistan for $17.091 million (8.93%), Belarus for $9.598 million (5.01%), other countries for $30.702 million (16.04%).
In addition, Ukraine in January-June of this year exported 110,332 tonnes of ammonia (code 2814) for $33.756 million, imported 168,050 tonnes for $40.993 million. Almost 100% of ammonia was imported from the Russian Federation ($40.979 million). Exports were made to Turkey (for $14.178 million), India ($12.113 million), Jordan ($4.759 million), and other countries ($2.707 million).

GROYSMAN SUGGESTS TURNING HOSTOMEL AIRPORT INTO BASE FOR LOW-COST AIRLINES, INCLUDING RYANAIR

KYIV. July 18 (Interfax-Ukraine) – Ukrainian Prime Minister of Ukraine Volodymyr Groysman has spoken in favor of the development of Hostomel Airport, which today serves as a base for Antonov aircraft and Antonov Airlines, into a home airport for low-cost airlines, including Irish Ryanair.

UKRAINE BOOSTS PIPE OUTPUT BY MORE THAN A QUARTER IN H1

KYIV. July 18 (Interfax-Ukraine) – Major pipe producers in Ukraine increased production of ferrous pipes by 26% in January-June 2017, compared to the same period in 2016, to 500,200 tonnes, including 93,800 tonnes in June.
Ukrtruboprom’s enterprises alone manufactured 335,400 tonnes of pipes in the six months, which was 34.6% up year-over-year. Their output in June alone was 64,400 tonnes.

UKRAINE INTENDS TO ACCEPT UP TO ONE MILLION TURKISH TOURISTS

KYIV. July 17 (Interfax-Ukraine) – Ukraine intends to equalize a flow of tourists to Ukraine from Turkey with that from Ukraine to Turkey, increasing the accepting of Turkish tourists by five times, to one million people, the deputy director of the tourism and resorts department of the Ministry of Economic Development and Trade of Ukraine, Vitalina Martynovska, has said.
“We plan to equalize the flow of tourists from Turkey to Ukraine with the one from Ukraine to Turkey. Today the flow of tourists from Ukraine to Turkey is about one million tourists, while that from Turkey to Ukraine five times less,” she said, when presenting the Stopover tourist product of Turkish Airlines in Kyiv.
According to Martynovska, the ministry planned several measures to stimulate a tourist flow from Turkey to Ukraine, including holding press tours for the leading Turkish mass media in Ukraine, the presentation of Ukrainian tourist products in Turkey and Ukraine’s participation in a large tourist exhibition in Izmir.
In addition, she said the agreement on the entry of Turkish citizens to Ukraine using ID cards contributes to the increase of tourist flow from Turkey.

CONSTRUCTION OF SEVERAL REGIONAL CONCRETE ROADS COULD START IN 2017 – UKRCEMENT

KYIV. July 17 (Interfax-Ukraine) – Construction of several concrete regional roads could start in 2017 if the State Automobile Roads Agency of Ukraine (Ukravtodor) would help to realize the projects, Head of the Ukrcement association of cement producers Pavlo Kachur has said in an interview with Interfax-Ukraine.
“Today the following highways are at the design and examination stages: Kirovohrad-Mykolaiv, an orbital road around Zhytomyr, a section of the Poltava-Dnipro road near Reshetylivka and two regions roads in Lviv and Ternopil regions. This is not new construction. These are sections that are to be reconstructed,” Kachur said.
He said that in 2017 prices the cost of construction of asphalt and concrete roads is almost the same, while the life cycle of the concrete road is 25 years and that for asphalt – twice less.
“We take into the period of the road exploitation of 25-30 years, the expedience of construction and servicing the concrete road is twice higher than for the asphalt one. In addition, concrete roads are safer and more environment friendly. They are able to bear larger axial load,” he said.

IRAQI BUSINESSMEN SEEK TO INVEST $15 MLN IN POULTRY FARM IN KYIV REGION – CHAMBER OF COMMERCE AND INDUSTRY

KYIV. July 14 (Interfax-Ukraine) – Iraqi businessmen are holding talks with an enterprise in Kyiv region on investing $15 million in poultry production, the Chamber of Commerce and Industry of Ukraine has reported after the Ukraine-Iraq Cooperation business forum.
“The negotiations on investment of $15 million in Ukrainian poultry production have been launched. This is an enterprise operating in Kyiv region,” Chairman of the Iraqi-Ukrainian business council Abbas Al-Nouri said.
He said that the proposal of the Ukrainian producer has two options – leasing of production facilities or selling them.
“Iraq plans to export products from this enterprise to Iraq in the amount of 1,000 tonnes this year, and they plan to boost the figure to 1,500 tonnes in 2018,” he said.
As reported, Iraq in the middle of June lifted a ban on imports of poultry from Ukraine imposed in the middle of March 2017 over avian influenza outbreaks.