Business news from Ukraine

Business news from Ukraine

UKRAINE SHOULD STUDY EXPORTS OF BLOOD PREPARATIONS TO INDIA

KYIV. Sept 23 (Interfax-Ukraine) – Ukraine should study the possibility of exporting blood preparations to India, Deputy Minister of Economic Development and Trade, Trade Representative of Ukraine Natalia Mykolska has said.

“When we speak about cooperation in the pharmaceutical sphere, we always speak about imports of drugs from India. However, look at blood preparations: India does not have them. This is a possibility of supplying preparations to India,” she said at the Ukraine-India roundtable in the Verkhovna Rada in Kyiv on Friday.

She also said that technologies could be also exported from Ukraine to India, in particular, IT products.

In turn, Deputy Agricultural Policy and Food Minister Olha Trofimtseva said that development of exports of from Ukraine to India leguminous crops would allow speaking not only about exports of raw materials, but also exports of finished products.

 

BORYSPIL AIRPORT SEEKING INVESTOR IN LOGISTICS CENTER

KYIV. Sept 22 (Interfax-Ukraine) – Boryspil International Airport (Kyiv) plans to attract a large operator to implement an investment project of a large logistics center.

According to the press service of the airport, it is planned to allocate a significant territory in the second flight zone for building a center for processing aviation cargo.

“Creating a high-tech cargo hub of the European level is one of the tasks of the incumbent management of the state-owned enterprise,” the report says.

At present the volume of cargo handling at Boryspil is insignificant – about 80 tonnes per day. Part of profit from freight handling does not exceed 2% of income from other activities. One of the main factors affecting this trend is the low solvency of Ukraine’s population.

One of the options as an investor is considered Airport Kyiv Cargo, which carries out freight transportation by road.

INDIAN AMBASSADOR TO UKRAINE CALLING ON UKRAINIAN FARMERS TO EXPORT LENTIL TO INDIA

KYIV. Sept 22 (Interfax-Ukraine) – Indian Ambassador to Ukraine Manoj Kumar Bharti has called on Ukrainian farmers to export lentil to India.

“In 2015, Canada exported 500,000 tonnes of lentil to India. If Canada can export lentil, why not Ukraine export it?” he said at a roundtable in the Ukrainian parliament in Kyiv on Friday.

“India’s population is mainly vegetarians, and lentil for them is the main source of protein,” he said.

The ambassador also called on Ukrainian educational institutions to open their branches in India, as India needs skilled specialists.

He pointed out the potential of Ukrainian engineering in India.

“I recently returned from Lviv where I visited Elektronmash. This company has a huge potential in India where transport corridors are being actively developed,” he said.

The ambassador mentioned traditional cooperation in the aviation and space sectors.

“I would like Ukraine attentively studies the opportunities for cooperation with India. We are ready to provide consultations and tell how develop business in India,” he said.

He also focused on the potential of cooperation in the pharmaceutical and medical spheres.

“Complicated surgeries in India are cheaper than in Europe,” he said.

NATIONAL INSTITUTE FOR STRATEGIC STUDIES TO DRAFT UKRAINE’S ENERGY STRATEGY UNTIL 2035

KYIV. Sept 22 (Interfax-Ukraine) – The National Institute for Strategic Studies will be the key executor of works as part of drafting Ukraine’s energy strategy until 2035, the press service of Ukrainian Energy and Coal Industry Ministry has reported.

“The management committee for coordination of designing the draft revised energy strategy of Ukraine until 2035 discussed some procedural issues on September 13. The committee approved the National Institute for Strategic Studies as the key executor of works,” the ministry said.

As reported, on September 2, Ukrainian Prime Minister Volodymyr Groysman at a meeting with European Commission Vice-President for Energy Union Maros Sefcovic said that Ukraine is finishing its energy strategy.

KYIVSKY CARDBOARD MILL SEES ALMOST 14.4% RISE IN PRODUCTION IN JAN-AUG 2016

KYIV. Sept 21 (Interfax-Ukraine) – Kyivsky cardboard paper mill (Obukhiv, Kyiv region), a leader in Ukraine’s pulp and paper industry in terms of production and sales, produced goods worth UAH 2.751 billion in January through August 2016, which is 14.4% up year-over-year.

According to the UkrPapir association, the mill saw a rise in production of corrugated cardboard packaging and production of base paper in kind in the first eight months of 2016. Cardboard production decreased by 7.3%, to 125,800 tonnes.

Cardboard production fell due to the decline in production of commodity cardboard (including corrugating paper) by 8%, to 76,000 tonnes and a fall in production of box cardboard by 5.9%, to 49,800 tonnes.

Corrugated cardboard output grew by 6%, to 134.56 million square meters. The mill remains the leader in production of corrugated cardboard.

Production of base paper (for sanitary products) rose by 7.1%, totaling 49,400 tonnes. Production of toilet paper, where the mill is a strong leader among other producers, grew by 12.4%, to 287.17 million rolls.

Cardboard packaging production in Ukraine grew by 7.5% in January through August 2016, to 520.58 million square meters, while paper and cardboard output almost did not change, being 529,750 tonnes.

Kyivsky cardboard paper mill is one of the largest cardboard and paper producers in Europe. It employs almost 2,200 people. It sells produce to almost 700 companies in Ukraine, some CIS member states and the rest of the world.

It mainly produces goods from wastepaper. Its capacity for processing wastepaper exceeds 850 tonnes a day.

In 2015, the mill saw a 54% rise in production from 2014, to UAH 3.857 billion.