Business news from Ukraine

PASSENGER TRANSPORTATION 2015

Source: State Statistics Services

Source: State Statistics Services

Source: State Statistics Services

Source: State Statistics Services

Excluding the temporarily occupied territories of the Autonomous Republic of Crimea, the city of Sevastopol and part of the anti-terrorist operation zone

2 Including transportation by urban electric train

 

KSG AGRO TO REORIENT BUSINESS STRATEGY TO MEAT PRODUCTION

KYIV. Feb 24 (Interfax-Ukraine) – KSG Agro (Luxembourg) with assets in Ukraine plans to change it’s business strategy from 2015 and next years by switching from harvesting of crops to meat production.

The company said on the Warsaw Stock Exchange (WSE) on Tuesday that the Group in process of calculation and analysing possibilities of such change and expects enhance of liquidity and profits. In case new strategy finally adopted the group the part of land ha will be sold to third parties.

Big Dutchman Pig Equipment GmbH sued from September 01, 2015 Group Component Rantie LLC for repayment UAH 101,340 ($ 4,600). As at February 15, 2016 negotiations were held between KSG Agro and representatives of the counterparty. As a result KSG Agro received a restructuration plan which is in the process of signing.

KSG Agro is a vertically integrated agricultural group, working in almost all the segments of the agricultural market, including the production, storage, processing, and sale of agricultural products. The total arable land leased by the company is around 63,000 hectares.

CARGILL TO INVEST $100 MLN IN CONSTRUCTION OF GRAIN TERMINAL IN YUZHNY PORT

KYIV. Feb 24 (Interfax-Ukraine) – U.S. company Cargill and M.V. Cargo, operating in the Yuzhny seaport in Odesa region, have signed an investment agreement, on the construction of a grain terminal in the port.

The agreement was signed at the Ukrainian government’s building on Wednesday.

“Cargill decided to invest $100 million in the construction of a grain terminal in the Yuzhny port to make it one of the largest hubs in Ukraine,” Ukrainian Prime Minister Arseniy Yatseniuk has said.

As reported, in August 2015, the Ukrainian Sea Port Authority and MV Cargo LLC signed a trilateral memo on the joint implementation of investment project in Yuzhny port (Odesa region).

The document confirmed Cargill’s intention to acquire 51% in a transshipment terminal, which M.V. Cargo stevedoring company will build in Yuzhny seaport. Under the terms of the memorandum, before construction the Ukrainian Sea Ports Authority undertakes to establish water area on the way to the terminal with an appropriate level of dredging.

“The new terminal implies more port charges, more revenues to the local and national budgets, more high paid jobs for Ukrainians. In fact, after the implementation of the Cargill investment project Odesa region will get up to 350 new jobs. We want the similar projects of the world renowned companies to become a positive signal for businesses preparing to enter Ukraine,” Minister of Infrastructure Andriy Pyvovarsky said then.

The terminal will allow Cargill to handle grains, cereals and other goods. The capacity of the first phase of construction will amount to 5 million tonnes. The second phase would increase the capacity by another 2-4 million tonnes.

 

UKRAINE INCREASES STEEL OUTPUT BY 3.6% IN JAN, BEING TENTH IN WORLDSTEEL RANKING

KYIV. Feb 24 (Interfax-Ukraine) – Ukrainian metallurgical enterprises in January 2016 increased steel production by 3.6% compared to January 2015, to 1.938 million tonnes, remaining tenth in the ranking of the 66 world’s major manufacturers of these products, compiled by the World Steel Association (Worldsteel).

A fall in steel production in January was recorded in most of the top ten countries, except for Turkey and Ukraine.

The top ten steel makers in January are as follows: China (63.214 million tonnes, a drop of 7.8%), Japan (8.772 million tonnes, a drop of 2.8%), India (7.418 million tonnes, a drop of 1.2%), the United States (6.618 million tonnes, a drop of 8.8%), South Korea (5.667 million tonnes, a drop of 4.5%), Russia (5.554 million tonnes, a drop of 10.6%), Germany (3.605 million tonnes, a drop of 2%), Turkey (2.598 million tonnes, a rise of 0.8%), Brazil (2.451 million tonnes, a drop of 17.1%), and Ukraine (1.938 million tonnes, a rise of 3.6%).

In general, in January 2016, the 66 countries produced 127.724 million tonnes of steel, which is 7.1% lower than in January 2015.

As reported, in 2015, the top ten steel makers included China (803.83 million tonnes, a drop of 2.3%), Japan (105.152 million tonnes, a drop of 5%), India (89.582 million tonnes, an increase of 2.6%), the United States (78.916 million tonnes, a drop of 10.5%), Russia (71.114 million tonnes, a drop of 0.5%), South Korea (69.673 million tonnes, a drop of 2.6%), Germany (42.678 million tonnes, a drop of 0.6%), Brazil (33.245 million tonnes, a drop of 1.9%), Turkey (31.517 million tonnes, a drop of 7.4%), and Ukraine (22.933 million tonnes, a drop of 15.6%).

In 2015, the 66 countries produced 1.599 billion tonnes of steel, which is 2.9% lower than in 2014.

GOVERNMENTAL OFFICE FOR EU INTEGRATION PUBLISHES REPORT ON PROGRESS OF INTEGRATION IMPLEMENTATION FOR 2015

KYIV. Feb 24 (Interfax-Ukraine) – The governmental office for European integration has drawn up and published a report on the implementation of the Ukraine-EU Association agenda for 2015.

The report consists of several sections. The report is based on the data presented by power authorities that are involved in the implementation of the relevant tasks.

The report is intended to inform Ukrainian citizens, representatives of NGOs and international society, including EU institutions and EU member states on the progress of Ukraine in the implementation of the goals of the political association and economic integration into the EU.

The report covers the period from January 2015 to October 2015. It contains information on the attraction of international technical assistance to implement the tasks in the European integration area and gives examples of the use of the assistance.

The report has the results of the key measures aimed at introducing the Ukraine-EU Association agenda, including on the bills registered in the Ukrainian parliament.

The section contains information on the realization of top-priorities of the Association agenda in part of the Constitutional reform, election reform, the reform to prevent and fight corruption, deregulation, public procurement reform, tax reform, including VAT refunding, independent audit and reformation of the energy sector.

MAIN KINDS OF ANIMAL PRODUCTION BY REGIONS IN JANUARY – DECEMBER 2015

Source: State Statistics Services

Source: State Statistics Services

5

Source: State Statistics Services

6

Source: State Statistics Services

7

Source: State Statistics Services

Excluding the temporarily occupied territories of the Autonomous Republic of Crimea, the city of Sevastopol and part of the anti-terrorist operation zone.

Data can be corrected.