Business news from Ukraine

PASSENGER FERRY LAUNCHED BETWEEN ODESA, ISTANBUL – UKRAINIAN AMBASSADOR

KYIV. April 11 (Interfax-Ukraine) – Direct passenger ferries have been launched between Odesa and Istanbul, Ukrainian Ambassador to Turkey Andriy Sybiha has reported.
“Turkey and Ukraine are becoming closer: today direct passenger ferries were launched between Haydarpasa terminal [Istanbul] and Odesa. The occupancy is 90%,” he wrote on his Twitter page.
Haydarpasa terminal is a railway station on the Asian part of Istanbul. It was built in 1906-1908 as the initial point of the Istanbul- Baghdad railway. The station services Asian suburbs of Istanbul and the entire eastern part of Turkey up to the borders with Armenia, Iran and Syria.

UKRAINE INCREASES EXPORTS OF POULTRY BY 1.6 TIMES, PORK BY 2 TIMES IN Q1, 2017

KYIV. April 11 (Interfax-Ukraine) – Ukraine in January-March 2017 exported 64,950 tonnes of poultry, which is almost 1.6 times more than in the same period in 2016, the State Fiscal Service has reported.
According to its data, in monetary terms exports of these products also increased by 1.6 times, to $84.25 million.
At the same time, imports of poultry increased by 1.5 times, to 24,550 tonnes, in monetary terms by 1.4 times, to $9.66 million.
According to the service, exports of pork in the first quarter of 2017 doubled compared to the corresponding period of 2016, to 1,880 tonnes. The supplies of this product amounted to $3.61 million against $1.32 million for January-March 2016.
Imports of pork to Ukraine during this period decreased by 1.4 times, to 664 tonnes. The country imported pork for $1.12 million, which is 16.5% less than in January-March 2016.

GROYSMAN INSISTS ON NEED TO DEVELOP LEGISLATION ON INDUSTRIAL AND TECHNOLOGICAL PARKS

KYIV. April 11 (Interfax-Ukraine) – Prime Minister of Ukraine Volodymyr Groysman considers it necessary to complete the development of legislation on industrial and technological parks.
“We must complete the creation of legislation on industrial parks in our country,” the prime minister said during the second Ukrainian Business Forum in Kyiv.
He added it is necessary to develop legislation on technological parks.
Groysman noted such parks exist in many countries, and new technologies are developed within their framework.

GOVERNMENT APPROVES AGREEMENT WITH GEORGIA ON ORGANIZATION OF RAILWAY-FERRY LINES

KYIV. April 10 (Interfax-Ukraine) – Ukraine’s Cabinet of Ministers has approved an agreement with the Georgian government on the organization of direct international railway ferry lines through Ukrainian and Georgian ports.
According to resolution No. 230 dated April 5, 2017, the agreement was signed on September 13, 2016 in Batumi (Georgia).
The decision would promote development of Ukrainian-Georgian interstate relations in the transport area.
As reported, seaports and terminals in Georgia handled 17.6 million tonnes of cargo in 2016. This was 8.3% less than in 2015.

PROCTER & GAMBLE INVESTS OVER $100 MLN IN MODERNIZATION OF PLANT IN BORYSPIL

KYIV. April 10 (Interfax-Ukraine) – Procter & Gamble (P&G) has invested over $100 million in modernization of a plant in Boryspil, Procter & Gamble Director General in Ukraine Dmytro Kiselev said at the 20th anniversary of the plant in Boryspil.
He said that today total investment of the company in Ukraine exceeded $300 million. P&G invested in development of production lines, the quality control system, boosting efficiency, modernization of facilities, replacement of equipment and introduction of modern IT technologies and innovations.
Kiselev said that since 2015 the non-waste production system has been introduced at the plant in Boryspil. The company plans to switch all plants of P&G to this system before 2020.
P&G Communications Director in Eastern Europe and Central Asia Ruslan Nozdryakov said that in autumn 2016 the company finished the long process of global restructuring, after which more than half of the brands were sold.
“The reason is that we want to focus on the areas where we are the best and which bring us large profit. Now we have around 60 brands in 10 key sectors. We have sold slightly over 120 brands. The brands that were left generated over 80% of profit,” he said.
Procter & Gamble started its operations in 1837. At present, the company is present on the markets in 180 countries. Its brands include Pampers, Tide, Ariel, Fairy, Always, Lenor, Oral-B, Olay, Tampax, Old Spice, Pantene, Head & Shoulders, Fusion, Gillette, Mach3, Venus and Braun.

SENTIO LLC OPENS ONLY FULL CYCLE PRODUCTION OF JACQUARD FABRIC FOR MATTRESSES IN UKRAINE

KYIV. April 10 (Interfax-Ukraine) – Sentio LLC, the manufacturer of fabric for mattresses (Radekhiv district of Lviv region) has launched production of Jacquard fabric for mattresses with a full production cycle, the press service of Lviv City Administration has reported.
According to the report, earlier this fabric was only imported from China, Turkey and the EU countries, and these production facilities are the sole facilities in Ukraine. It includes winding up of threads, weaving and the unique stage for Ukraine – fabric lamination.
Lviv City Administration Chairman Oleh Syniutka said that this production puts Ukraine at one level with famous global producers of Jacquard fabric for mattresses. Sentio will produce the fabric for IKEA.
The production capacity is around 1.5 million meters of lacing and around 100,000 meters of fabric a month.
A total of 30 jobs have been created, with 60 more in the works.
Sentio LLC with 100% Ukrainian investment was founded in 2009.