Business news from Ukraine

STATE-RUN UKRPOSHTA LAUNCHES DELIVERY FROM POLAND TO UKRAINE

JSC Ukrposhta launches the delivery of parcels within three to six days from the date of shipment from a warehouse in Poland to Ukraine, the press service of the company has said.
According to a press release, Ukrposhta together with the private postal operator SMART Forwarding (with the head office in Greece) and the Polish company InPost have already begun test deliveries of international mail from Poland.
“We and our partners provide perhaps the only economical official channel for delivering goods or things. It’s convenient, reliable, simple. For example, sending a package with sneakers, clothes and food in factory packaging weighing 10 kg and with the size of up to 19x38x64 cm through an InPost post terminal will cost about PLN 37, or about UAH 230 in equivalent,” the press service of Ukrposhta said, citing first deputy director general of the company Oleksandr Pertsovsky.
According to him, if the value of a parcel per recipient does not exceed the customs limit of EUR100, customs clearance will be carried out according to a simplified mechanism.
“Now we are working in a test mode, doing weekly deliveries, arranging all processes. We plan to increase the frequency of departures from Poland to two or three per week,” the expert said.
The departure route from Poland to Ukraine can be tracked by the track number on the Ukrposhta website.
According to the company, the new delivery channel is safer and about 20-25% more profitable than alternative options.
In the near future, Ukrposhta plans to launch similar channels for the international delivery of parcels to Ukraine from Italy, Britain, and Germany.

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POLAND, HUNGARY, SLOVAKIA, ROMANIA ARE MAJOR BUYERS OF UKRAINIAN ELECTRICITY

Ukraine in January-October 2019 increased electricity exports by 1.5% (by 77.1 million kWh) compared to the same period in 2018, to 5.127 billion kWh, the Ministry of Energy and Environment Protection has told the agency. Electricity supplies from the “energy island of Burshtyn TPP” to Hungary, Slovakia and Romania increased by 10.9% (by 339.2 million kWh), to 3.442 billion kWh.
Electricity supplies to Poland decreased by 2.5% (by 29.3 million kWh), to 1.132 billion kWh.
Electricity supplies to Moldova amounted to 552.7 million kWh, which is 29.6% less (232.8 million kWh) than in January-October 2018.
Ukrainian electricity was not exported to Belarus and Russia for January-October 2018 and 2019.
At the same time, Ukraine in July 2019 resumed commercial import of electricity, the total volume of which since the beginning of this year amounted to 1.538 million kWh. In particular, 573.9 million kWh were supplied from Slovakia, 644.9 million kWh from Belarus, and 191.5 million kWh from Hungary.
In addition, within technologically exchanged energy flows linked to synchronous operation of Ukrainian power grid with the power systems of neighbor countries 29.8 million kWh of electricity was imported from Russia and 0.8 million from Belarus.

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LEADING PRODUCER OF CEREALS IN UKRAINE DECIDES TO CHANGE PLACE OF REGISTRATION FROM CYPRUS TO POLAND

The Board of Directors of the Cereal Planet Group, a leading producer of cereals in Ukraine, has approved the decision to change the place of registration from Cyprus to Poland, the company has reported on the Warsaw Stock Exchange (WSE) on Friday.
According to the report, shareholders at an extraordinary meeting on August 12 made this decision. Now Cereal Planet is going through the registration process in the relevant authorities of Poland. The plans are to register a holding company of the group called Cereal Planet S.A. in Warsaw.
Cereal Planet produces weight grains for B2B under the OLIMP trademark – four product lines: Bulgur, Ridlan, Mayfayna, Zlatokositsa, and under the Lyuba Ferma trademark – animal feed mixtures. It exports cereals to more than 30 countries.
Cereal Planet, according to the company, occupies up to 10% of the Ukrainian cereal market. The monthly production volume is 4,500-5,000 tonnes.
The owners of the group are Anatoliy and Oleksandr Vlasenko (33.54% and 29.93% respectively), Oleksandr Slavhorodsky (29.93%), and Ihor Dobruskin (5.5%).

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NETHERLANDS, SPAIN, POLAND, GERMANY ARE MAJOR BUYERS OF UKRAINIAN AGRICULTURAL PRODUCTS

Exports of Ukrainian agricultural products to the EU countries grew by 34.3% in January-July 2019 year-over-year, to $4.1 billion, former acting Minister of Agricultural Policy and Food of Ukraine Olha Trofimtseva has said. “The export of Ukrainian agricultural products to the EU for the seven months of 2019 increased 34.3% (or $1.04 billion), to $4.1 billion compared to the same period in 2018,” she wrote on her Facebook page.

The main products in the export structure to the EU are cereals – $1.8 billion, vegetable oils – $921.9 million, oilseeds – $385.4 million, bagasse and other food waste – $345.5 million, poultry – $117.3 million, fruits, nuts and zest – $78.6 million.

The share of the Netherlands in the trade between Ukraine and the EU countries was 18%, Spain’s – 13.5%, Poland’s – 13.4%, Germany’s – 11.1%, and Italy’s – 10.6%.

Trofimtseva said that as of September 2, 2019, Ukraine had fully used the EU tariff import quotas for honey, sugar, barley groats and flour, processed starch, preserved tomatoes, grape and apple juices, corn and wheat. The quota was used for butter by 48%, and for processed milk products – by 33.3%.

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UKRAINE, POLAND, U.S. SIGN COOPERATION MEMORANDUM IN GAS SECTOR

Ukraine, Poland and the United States on Saturday, August 31, signed an agreement on cooperation in the gas sector, National Security and Defense Council (NSDC) of Ukraine Oleksandr Danilyuk said.
“At a meeting with U.S. Secretary of Energy Rick Perry, which preceded the signing of the Memorandum, we discussed the importance of diversifying the risks dictated by dependence on Russian gas supplies, both for Ukraine and Poland. One of the steps to ensure energy independence of our state will be the supply of liquefied gas through Poland, “he wrote on his Facebook page on Saturday night.
Danyliuk considers the signing of the memorandum historically important for Ukraine.
“A historic day. Another step towards diversifying gas supplies to Ukraine,” Danyliuk said.

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UKRAINIAN PRESIDENT NOTES BROAD POTENTIAL FOR DEVELOPING TRADE RELATIONS WITH POLAND

A meeting of the Ukrainian-Polish intergovernmental commission for economic cooperation will be held in the near future, Ukrainian President Volodymyr Zelensky has said. “Poland is already our second largest trading partner in the EU, but the potential of this cooperation has no borders,” he said at a joint press conference with President Andrzej Duda in Warsaw, Poland, on Saturday.
Zelensky hopes for an active dialogue between the governments of the two countries in the framework of the intergovernmental commission for economic cooperation.
He expressed hope that the next meeting of the commission will take place in the near future.

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