Business news from Ukraine

JAPAN POST STARTS EXPORT SHIPMENTS TO UKRAINE

JSC Ukrposhta announced the resumption of export shipments to Ukraine by Japan Post from February 26.
“Ukrposhta will deliver from Japan Express Mail Service [EMS] items ordered by Ukrainians and those that are delivered by plane,” the Ukrainian postal operator said on Friday.
The company recalled that until February 7, Japan Post had restrictions in its work and, accordingly, the shipment of postal items to other countries was limited.
At the same time, Ukrposhta notes that the export of Ukrainian goods to Japan did not stop even during the pandemic.
“In January, 95% of EMS items were delivered to the Japanese post offices within seven days, and 5% within two weeks,” the Ukrainian postal operator said.
Since the beginning of the quarantine, Ukrposhta has ensured the delivery of EMS items to 57 countries, now items are delivered to 120 countries, and after the stabilization of air traffic and the restoration of full-fledged work of national post offices, the service will be available for delivery to 195 countries.

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JAPANESE COMPANY OPENS R & D CENTER IN UKRAINE

Japan’s Rakuten, owning the Viber messenger, is expanding its presence in Ukraine, according to a posting on the website of the Ministry of Digital Transformation of Ukraine after a meeting of Deputy Ministers of Digital Transformation Oleksandr Borniakov and Valeria Ionan with Executive Vice-President of Rakuten Yasufumi Hirai and Viber Chief Operating Officer (COO) Ofir Eyal.
According to the report, Rakuten is opening a R & D center in Kyiv and developing the existing office in Odesa.
“The event was a continuation of negotiations between President of Ukraine Volodymyr Zelensky and the founder of Rakuten, Hiroshi Mikitani, which took place in June 2019. Then, Mikitani appraised the State in a Smartphone initiative and expressed his readiness to increase his investment activity in Ukraine,” the Ministry of Digital Transformation said.
Rakuten is a Japanese e-commerce company. In 2014, Rakuten acquired Viber for $900 million.

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JAPANESE COMPANY LAUNCHES SILO IN KYIV REGION, INVESTMENTS TOTALES UAH 60 MLN

Kivshovavta Agro LLC (Kyiv region) belonged to Japan’s Kivshovavta is launching a silo with a storage capacity of 16,000 tonnes in the village of Kivshovata, Kyiv region, the company’s press service has reported. The press service said that with the launch of the silo the storage facilities of the company will be around 30,000 tonnes. Investment in the first and second stages of the silo totaled some UAH 60 million, and over UAH 100 million were sent to buy grain from other producers.
“The first stage of the silo was completed before 2017. In the past year it was reconstructed and expanded,” the company said.
Kivshovavta Agro seeks to boost land bank four times in coming five years, to 10,000 ha and build one more silo. Kivshovavta Agro LLC was founded in 2009. Its owner – SDGs Corporation – bought the company in Q4 2016. Kivshovavta Agro is the only enterprise of SDGs Corporation in Ukraine. The company plants wheat, sunflower, corn, soybeans. Its land bank is 2,500 ha.

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