Business news from Ukraine

EUROPE READY TO GIVE EUR 1.2 BLN TO UKRAINE, BUT FOR THIS IT NEEDS TO CONSTRUCTIVELY INTERACT WITH IMF

The European Union is ready to provide Ukraine with EUR 1.2 billion of macro-financial assistance, but for this it needs to constructively interact with the International Monetary Fund and fulfill the requirements related to the rule of law, said Josep Borrell, Vice President of the European Commission, EU High Representative for Foreign Affairs and Security Policy.
He said at a joint press conference with Ukrainian Foreign Minister Dmytro Kuleba in Kyiv on Tuesday that they are also ready to provide $1.2 billion in macro-financial assistance in order to help solve the problems associated with the economic recession caused by the coronavirus pandemic, but for this Ukraine needs to constructively interact with the IMF and also fulfill all those requirements that relate to strengthening the rule of law in Ukraine.

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LARGEST DENTAL CLINIC IN EUROPE OPENED IN UKRAINE

Europe’s largest dental clinic Amel Smart Clinic providing a full range of dental services opened in Dnipro, said on Facebook Vadym Yermolayev, the chairman of board of directors of Alef Corporation, has said.
“Yesterday a huge progress was achieved in Dnipro in the development of dentistry and medical tourism in Ukraine. On September 20, the largest dental clinic in Europe with an area of 3,000 square meters opened at 2B Slavy Boulevard in Dnipro. Why is it unique? The patient here can receive the whole range of dental services, from diagnostics to the most complicated maxillofacial operations. The patient has the opportunity to do as many tests, consultations, procedures as possible without leaving the building and with a 99.9% probability being able to solve their problem in one clinic,” he wrote.
According to Yermolayev, Amel Smart Clinic has anesthesiology, rehabilitation, Ear Nose and Throat (ENT), pediatry and other departments.
The clinic is a part of Amel Medical Grouр, which produces and sells medical and dental equipment and performs dental practice. According to the state register, the final beneficiaries of LLC Amel Medical Group are Hanna Yermolayev and Serhiy Bashkin.
Yermolayev and Bashkin also own a dental clinic in Dnipro city centre Dental Clinic Dnipro (Amel Dental Clinic). Its income in 2019 increased by 53.3% compared to 2018, to UAH 81.5 million.

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UKRTRANSNAFTA RAISES OIL TRANSIT TO EUROPE AND BELARUS

Oil transit through Ukraine by pipeline to European countries and Belarus in January-August 2020 increased by 7.6% (by 607,500 tonnes) compared to the same period in 2019, to 8.630 million tonnes, according to data from JSC Ukrtransnafta.
The volume of oil transportation to refineries of Ukraine during this period amounted to 1.707 million tonnes, which is 12.2% more than in January-August 2019. In particular, oil transportation along the Odesa-Kremenchuk route amounted to 747,100 tonnes.
Thus, for the eight months of this year, the share of transit volume in the total transportation of oil (10.337 million tonnes) amounted to 83.5%, the share of pumping to the country’s refineries 16.5%.
In August 2020, oil transit through Ukraine by pipeline decreased by 9.2% compared to the same month last year, to 1.262 million tonnes.
Pumping to Ukrainian refineries last month decreased by 0.9%, to 225,600 tonnes. In particular, transportation of Ukrainian oil amounted to 117,100 tonnes, Azerbaijani 43,000 tonnes, and American some 65,400 tonnes.

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UKRAINIAN PRESIDENT: BUILDING OF SUCCESSFUL EUROPE CANNOT BE COMPLETED WITHOUT UKRAINE

Ukrainian President Volodymyr Zelensky is convinced that the “Ukraine is Europe” slogan should not be formal, which Ukrainians recall once a year, it should be part of their consciousness. “I have always said that Europe is, first of all, a way of thinking. Europe begins with each of us, with each citizen, with the observance of laws, payment of taxes, protection of democratic values and civil society, free expression of will, freedom of speech, thought and religion, equality and respect, with the “allergy” to taking or giving bribes, with a properly parked car and a cigarette butt thrown into the garbage bin. Let’s make Europe Day every day,” he wrote on his page in the Facebook social network on the occasion of Europe Day.
Zelensky recalled that the European friends of Ukraine in 2020 marked the 70th anniversary of the Schuman Declaration, with which the European Union actually began its countdown.
“The words of Robert Schuman are still relevant today: “Europe will not be made all at once, or according to a single plan.” The building of a united, prosperous and successful Europe continues. It is obvious to me that this process cannot be considered completed without Ukraine. We believe that this day will definitely come, and our state will be a full part of the European family!” the President of Ukraine said.

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UKRTRANSNAFTA INCREASES CRUDE OIL TRANSIT TO EUROPE, BELARUS BY 1.3%

Crude oil transit by pipelines across Ukraine to European countries and Belarus grew by 1.3% in January-March 2020 or by 44,600 tonnes year-over-year, to 3.448 million tonnes, according to information from JSC Ukrtransnafta.
The volume of crude oil transportation to oil refineries in January-March 2020 amounted to 592,100 tonnes, which is 17.2% (86,900 tonnes) more than in the same period last year, including oil transportation by the Odesa-Kremenchuk line amounted to 229,900 tonnes.
Thus, in the first three months of this year, the share of transit volume in the total transportation of crude oil (4.04 tonnes) amounted to 85.3%, the share of supplies to the country’s refineries – 14.7%.
In March 2020, crude oil transit through Ukraine by pipeline grew by 16.2% (by 194,500 tonnes) compared to the same month of 2019, to 1.396 million tonnes, while pumping to the country’s refineries increased 5.7% (10,500 tonnes), to 196,300 tonnes.

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DEMAND FOR ANTIBACTERIAL PRODUCTS FROM UKRAINE INCREASED MANY TIMES IN EUROPE OVER THE WEEK

Biosphere Corporation has noted a sharp increase in demand from European countries for the TM Smile antibacterial wipes it produces in the context of the rapid expansion of the coronavirus epidemic, the corporation told Interfax-Ukraine.
“The increase in demand for antibacterial wipes is understandable: it’s easier to protect yourself from any virus than to cure. Observing the EU trends, we are ready for the predicted surge in consumer activity in Ukraine, especially with regard to the demand for Smile Antibacterial wipes with alcohol,” head of business product line Hygiene of Biosphere Corporation Oleksandr Lavrov said.
According to the corporation, the demand has grown seven times in Poland, 10 times in Bulgaria, three times in Lithuania and two times in Estonia.

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