Business news from Ukraine

UKRSPYRT POSTS 4.5-FOLD RISE IN EXPORTS IN Q1 2016

6 April , 2016  

KYIV. April 6 (Interfax-Ukraine) – State enterprise Ukrspyrt in January-March 2016 saw a 4.5-fold rise in exports of its products, to 70,000 decaliters.

The company said in a press release, 174 applications were placed in Ukrainian trade missions of different countries to expand exports geography.

Ukrspyrt has contracts with Georgia, Azerbaijan, Poland and the Dominican Republic. Negotiations with clients from other countries are being held.

Ukrspyrt Deputy Director Serhiy Bleskun said that a large obstacle in developing exports was the fact that the enterprise has been operating without a director for more than one year.

“Foreign clients who need stability and guarantees do not understand how it is possible to do with the state-run enterprise,” he said.

Ukrspyrt is subordinated to the Agrarian Policy and Food Ministry.

The main volume of spirit was sold on the domestic market in 2015. Around 150,000 decaliters of ethyl spirit were sold on foreign markets. Exports accounted for 2% of total sales.