Business news from Ukraine

AGRO-INDUSTRIAL GROUP LAUNCHES NEW POULTRY FARM IN WESTERN UKRAINE

The Pan Kurchak agro-industrial group (Lutsk) in July 2019 launched a new poultry farm in Sirnychky (Volyn region), the group said on its website. “All three poultry houses have German equipment. A module boiler will be used to heat. Agidel LLC invested over 50 million in construction of the poultry farm to grow parent flock,” the group said.
The Pan Kurchak agricultural and industrial group was founded in 2001. It is engaged in the cultivation of crops, production and sale of animal feed, breeding broilers and pigs, meat processing.
The owner of the group is Serhiy Martyniak.

KYIV-BASED HELIOS COMPANY BUYS POOL OF ASSETS OF 12 INSOLVENT BANKS

Kyiv-based FC Helios LLC during a trading session in the First Financial Network Ukraine platform acquired a pool of assets of the balance sheets of ten insolvent banks for UAH 90 million, a press service of the Deposit Guarantee Fund reported.
The initial price of the pool of assets was UAH 410.14 million, according to a posting on the website of the fund.
FC Investohills LLC also participated in this Dutch auction.
The pool includes such banks as Finance and Credit, Ukrbusinessbank, Delta Bank, Imexbank, Energobank, VAB Bank, Diamant Bank, Fidobank, Platinum Bank, Radical Bank, Kyivska Rus and Trust.
Natalia Konovalova is owner of FC Helios.

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CATTLE LIVESTOCK IN UKRAINE 4% DOWN, PIG NUMBERS 1.5% DOWN, POULTRY 4% UP

Cattle livestock in Ukraine (excluding the temporarily occupied territory of Crimea, Sevastopol, parts of Donetsk and Luhansk regions) as of August 1, 2019 amounted to 3.72 million animals, which is 4.4% down on the same date in 2018, the State Statistics Service has reported.
The number of cows by this date also decreased by 4.4%, to 1.92 million head.
According to the State Statistics Service, the number of pigs as of August 1, 2019, fell by 1.5%, to 6.5 million animals, the number of sheep and goats declined by 3.2%, to 1.54 million animals compared to the same period of 2018.
At the same time, the number of poultry in the country compared with August 1, 2018, increased by 3.9%, to 257.62 million birds.

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UKRAINE EXPECTS RATIFICATION OF FREE TRADE AGREEMENT WITH ISRAELI KNESSET AFTER ELECTIONS ON SEPT 17

President of Ukraine Volodymyr Zelensky has said Ukraine is awaiting ratification of the free trade agreement (FTA) by the new Knesset after the elections on September 17. “We expect the ratification of the free trade agreement by the new Knesset after the September 17 elections. This will allow increasing the volume of trade between our countries,” Zelensky wrote on his Facebook page on Monday evening following a meeting with Israeli Prime Minister Benjamin Netanyahu.
The president also noted that Ukraine and Israel had signed four important documents that will expand contacts between the countries in education, culture and sports. In addition, close cooperation in the agricultural sector is expected.
“I invited Israeli companies to come to work in Ukraine: to build roads and infrastructure, invest in medicine, education, energy saving and, of course, in IT. In the next five years we will grow rapidly, so Ukraine today is the most attractive place for strategic investors,” Zelensky said.

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COAL RESERVES IN THERMAL POWER PLANTS IN UKRAINE 46% LESS THAN LAST YEAR

Coal reserves in the warehouses of thermal power plants (TPP) of energy generating companies in Ukraine as of August 19 stood at 753,400 tonnes, which is 46% (639,200 tonnes) less than a year earlier, according to data from the Ministry of Energy and Coal Industry. According to Interfax-Ukraine’s calculations, the reserves of anthracite currently amount to 262,800 tonnes, which is 8.1% (19,700 tonnes) more than last year. Gas coal reserves are 490,600 tonnes, which is 56.5% (659,000 tonnes) less than last year.
At the same time, coal reserves (anthracite and gas) in the warehouses of thermal power plants today amount to 164,600 tonnes, which is 50% less than a year earlier.
As reported, coal consumption by TPPs and combined heat and power plants in the country in 2018 increased by 5.7% (by 1.409 million tonnes) compared to 2017, to 26.22 million tonnes.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF AUGUST 21

Official rates of banking metals from national bank as of August 21

One troy ounce=31.10 grams

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