Business news from Ukraine

UKRAINE LAUNCHES ANTI-DUMPING PROBE INTO IMPORT OF RUSSIAN AND BELARUS THERMAL INSULATION

The Interdepartmental Commission on International Trade (ICMT) has initiated an anti-dumping investigation into the import of heat-insulating materials to Ukraine originating from Belarus and the Russian Federation.
The decision of the commission made on November 20, 2020 to initiate the investigation comes into force from the moment of its publication, indicated in the notification published today on the website of the Uriadovy Kurier.
According to the report, the ICMT received a complaint from OBIO LLC.
According to the applicant, during the observation period (2017-2019), the share of dumped imports in consumption and production in Ukraine decreased, but prices were significantly lower than the applicant’s price level and total imports. At the same time, OBIO LLC, despite the relative improvement in its performance indicators for the reporting period, by the end of 2020 expects a significant deterioration in the main indicators.
Having considered the complaint, the ICMT concluded that heat-insulating materials from Belarus and the Russian Federation to Ukraine were imported in volumes and on conditions that could cause damage to the national producer.
The investigation concerns slag wool, mineral silicate wool and similar types of mineral wool, except for their mixtures, according to tariff heading 6806 10 originating from the Russian Federation and Belarus.
The Ministry for Development of Economy, Trade and Agriculture was instructed to conduct an anti-dumping investigation. Interested parties are registered within 30 days.

UKRAINE TO BE ABLE TO ACHIEVE TRANSFER OF GAZPROM’S GAS ENTRY POINTS TO BORDER WITH RUSSIA IN COOPERATION WITH EC

Ukraine will be able to achieve the transfer of entry points for export of gas by Gazprom to the Ukrainian-Russian border only in close cooperation with the European Commission and other European institutions.
This opinion was expressed by representatives of Naftogaz Ukrainy and the Gas Transmission System Operator of Ukraine (GTSOU) at an online briefing devoted to five years of gas independence held on Friday.
“We believe that the possibility of transferring entry points is technically possible. But there is no political consent on the part of the Russian Federation, because they understand that the European gas market is declining and do not want additional competitors. Therefore, we believe that it is necessary to fight against the monopoly position of the Russian Federation together with our European partners and institutions. They will allow us to create such conditions to force the Russian Federation to allow the transit of energy resources through its territory and, if European traders have such a desire, to move the gas entry points to the Ukraine-Russia border,” Director General of GTSOU Serhiy Makogon said.
According to him, European traders have already approached the Russian Federation with a similar proposal, but so far received a negative answer.
According to Lana Zerkal, advisor to the executive board chairman of Naftogaz Ukrainy, it is extremely important for Ukraine to involve the European Commission to cooperate in this process.
“It is the involvement of the European Commission as a moderator of such a discussion that is extremely important, since we already have a positive experience of conducting such trilateral negotiations in the gas sector. And here we should not look like a supplicant. We should do our part of the homework, namely: together with the European Commission conduct full screening and full monitoring of Ukrainian legislation on its compliance with the Ukraine-EU Association Agreement, which will give us the necessary basis for further joint work,” Zerkal said.
The relocation of Russian gas entry points to the eastern border of Ukraine will allow the country to more closely integrate into the European gas market and, in particular, to even more actively involve European traders in the placement of gas in Ukrainian underground storage facilities, she said.

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ALLO GROUP OF COMPANIES CREATES POSTAL OPERATOR

The Allo Group of Companies, which develops the eponymous retail network of appliances and consumer electronics, launches a new postal and logistics operator Allo Express in Ukraine, the corresponding entry was made in the Unified State Register of Postal Operators, the press service of the company said.
“In today’s realities and taking into account the significant overflow of retail sales to online, it was decided to restructure the processes of our own logistics and invest in the creation of our own postal operator. We plan to develop the delivery service in two directions: delivery of Internet orders to any branch of Allo Express, and also targeted courier delivery to the customer,” says CEO of Allo Group Maksym Raskin.
The company will provide services for the delivery of online orders from the website allo.ua. The offices of the postal operator Allo Express will be located in the existing Allo stores in 140 cities of Ukraine.
According to the report, in addition to classic postal services, the operator plans to provide a range of financial services in partnership with Electrum Payment System LLC (NBU license No. 43): transfer of funds without opening accounts and other financial services within the Electrum payment system and other payment systems.
According to the company, the service will be available in all branches of the postal operator in the near future.
It is also planned to develop several formats of post offices, including outside the existing Allo stores.
In 2021, all online orders placed on the website allo.ua can be received at the offices of Allo Express, or using targeted courier delivery of this operator, the press service reported.

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UKRAINE CUTS STEEL OUTPUT BY 5.9%

Ukraine’s metallurgical enterprises in October 2020 reduced steel production by 5.9% compared to the same period in 2019, to 1.653 million tonnes, ranking 14th among 64 countries, the world’s main producers of these products compiled by the World Steel Association (Worldsteel).
In October, a rise in steel production from October 2019 was recorded in most of the top ten countries, except for Japan, the United States and South Korea.
The top ten steel producing countries in October are as follows: China (92.202 million tonnes, an increase of 12.7%), India (9.058 million tonnes, a drop of 0.9%), Japan (7.2 million tonnes, a drop of 11.7%), the United States (6.143 million tonnes, a drop of 15.3%), Russia (6.05 million tonnes, 4.3% up), South Korea (5.859 million tonnes, 1.8% down), Germany (3.417 million tonnes, 3.1% up), Vietnam (3.372 million tonnes, an increase of 111.5%), Turkey (3.208 million tonnes, an increase of 19.4%), and Brazil (2.784 million tonnes, an increase of 3.5%), and
They are followed by Iran (2.66 million tonnes, an increase of 27.9%), Italy (2.119 million tonnes, a drop of 4.6%), Taiwan (1.66 million tonnes, a decrease of 3.1%), Ukraine (1.653 million tonnes, a decrease of 5.9%), and Mexico (1.47 million tonnes, 1.1% up).
In October, 64 countries produced 161.89 million tonnes of steel, which is 7% more than in October 2019.
In January-October 2020, 64 countries produced 1.511 billion tonnes of steel, which is 2% less than a year ago.

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BIOPHARMA COLLECTS CORONAVIRUS PLASMA TO PRODUCE IMMUNOGLOBULIN

Biopharmaceutical company Biopharma (Kyiv) has collected COVID-19 plasma for the production of the first batch of hyperimmune immunoglobulin, President of the company Kostiantyn Yefymenko has said.
Biopharma has collected 2,200 liters of COVID-19 plasma. For the first loading of the fractionator, 1,800 liters are needed, we have an even larger volume,” he told reporters during a visit to the company’s plasma center in Kyiv on Tuesday, November 24.
Yefymenko said that the company plans to carry out the first load of the fractionator next week to produce the first batch of hyperimmune immunoglobulin from the plasma of people who have had COVID-19.
According to Yefymenko, it takes eight or nine days to produce the drug.
The company started collecting COVID-19 plasma in May, but the collection process was slow at that time as the number of people who had COVID-19 was small.
“Now the speed of plasma collection has increased,” Yefymenko said.
He reported that the cost of one bottle of the drug can reach UAH 10,000, three or four bottles could be needed for treatment.
The production of one bottle requires about 2.5 liters of plasma. During one donation, a donor can donate up to 800 milliliters of plasma.
Biopharma is a Ukrainian biotechnology company, the only plant in Eastern Europe that has modern technologies, has been producing and developing drugs from donor plasma for almost 50 years.
The company is focused on providing medicines to Ukraine and on a contract basis, supplies its products to more than 30 countries around the world. In the fall of 2019, Biopharma moved its production to a new research and production complex in Bila Tserkva.
The company is developing a network of its own plasma centers. Now they work in Sumy, Shostka, Konotop, Cherkasy, Dnipro and Kharkiv.

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VODAFONE ESTIMATES INVESTMENTS IN 4G PROJECT AT UAH 4 BLN

The mobile network operator Vodafone Ukraine estimates investments in the 4G project in the 900 MHz (LTE 900) band at UAH 4 billion.
“If we talk about investments in general, according to our estimates, only the LTE 900 technology project will take about UAH 4 billion. This is a lot of money. At the same time, we are increasing the network capacity in large cities. We are investing in transport. And this is only the LTE 900 figures,” CEO of Vodafone Ukraine Olha Ustinova said at a briefing on Tuesday.

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