Business news from Ukraine

PEPSICO TO LAUNCH POTATO CHIPS LINE IN UKRAINE (MYKOLAIV REGION)

PepsiCo Ukraine, a large producer of food and beverages, has started a project to localize production of potato chips under the Lay’s trademark, foreseeing the launch of a chips production line at the existing plant in Mykolaiv region by the middle of 2019. According to the press service of PepsiCo Ukraine, the company plans to launch the production line at the existing production complex in Mykolaiv region, where Khrusteam croutons, Sadochok juices, Agusha baby food are now produced, and primary processing of seasonal vegetables and fruits is carried out.
“PepsiCo strives to maximize localization of production and use of raw materials from local suppliers in the countries of its presence. Today we are preparing to install the first line for the production of potato chips, and we are also implementing our own agricultural program,” PepsiCo Ukraine CEO Iryna Kozlova said.
According to the company, the agricultural program provides for farms supplying potatoes with seeds, conducting seminars and trainings, as well as year-round support with an agricultural team. The annual production demand for potatoes of special “chip” varieties is about 40,000 – 60,000 tonnes.
According to the press service, the company also plans to expand the production of Khrusteam croutons by installing a second line.
The company does not disclose the capacity of new lines and the volume of investments.
At the moment, PepsiCo produces chips under the Lay’s trademark in Poland.

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EUROINS INSURANCE GROUP ACQUIRES ERV

Euroins Insurance Group has notified ERV (Kyiv) about the acquisition of 9.473 million of its shares (99.99998%) for EUR 1.255 million.
According to a posting on the website of the Ukrainian insurance company, the stake was bought on October 1, 2018.
As reported, in April 2018, ERGO Group AG announced the sale of its Ukrainian company ERV to Euroins (EIG).
ERV on October 1, 2018 officially changed the shareholders. The supervisory board of the company was reshuffled.
The company retained the name European Travel Insurance and remained part of ETIG International Travel Insurance Group. The board and the whole team remained to work. The company continues cooperation with the assisting company of ERGO Group, Euro-Center Holding.
ERV Ukraine is still a specialized travel insurance company in Ukraine. The company hopes that in 2018, for the first time in 12 years of its work in the insurance market of Ukraine, it will insure more than one million tourists.

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UKRAINE’S MEAT AND EGGS OUTPUT GROWS

The production of milk in Ukraine (excluding the temporarily occupied Crimea and Sevastopol, part of Donbas) in January-October 2018 declined by 2.1% compared to the same period in 2017, to 8.736 million tonnes.
At the same time, egg production in the first ten months grew by 3.1% compared to the same period in 2017, to 13.777 billion eggs, the State Statistics Service of Ukraine said.
Production of meat (in live weight) in January-October 2018 grew by 0.6%, to 2.572 million tonnes.
According to earlier statistics reports, milk production in Ukraine in 2017 decreased by 0.5% from 2016, to 10.329 million tonnes, meat (in live weight) by 0.4%, to 3.259 million tonnes. Production of eggs in 2017 rose by 3.2%, to 15.578 billion eggs.

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PASSENGER FLOW IN KYIV SIKORSKY INTERNATIONAL AIRPORT MORE THAN DOUBLES IN 2018

The Kyiv Sikorsky International Airport in January-October 2018 serviced 2.42 million passengers, which is 56.3% more than a year ago. “November 13, the Kyiv airport serviced the 2.5 millionth passenger since the beginning of 2018… The plans of the airport are to service 2.8 million passengers in 2018,” the airport said in a press release on Wednesday. Passenger flow increased 64.2%, to 1.85 million. According to the report, in October this year, passenger traffic increased 48.6% from October of last year, to 259,100 passengers.
The airport said that 2.35 million passengers were serviced on international flights in January-October of this year, and only 73,000 passengers on domestic flights, including 251,600 and 7,500 respectively in October.
The number of flights increased 32.9% in January-October 2018, to 25,900, of which international ones made up 21,880. In October, the increase in the number of flights was 27%, to 2,720, including 2,270 international flights.
According to the release, the most popular international destinations in January-October 2018 were Minsk (Belarus), Warsaw (Poland), Sharm el-Sheikh (Egypt), Dubai (the United Arab Emirates), Antalya (Turkey), Ankara (Turkey), Rome ( Italy); internal – Odesa, Zaporizhia, and Lviv.

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UKRAINE THRESHES 65.1 MLN TONNES OF GRAIN

Ukraine as of November 13 had threshed 65.1 million tonnes of grain and leguminous crops from the area of 14.1 million hectares (95% of the forecast) with the yield being 46.1 centners per ha. According to the website of the Ministry of Agrarian Policy and Food, farmers harvested 34.3 million tonnes of early grain and leguminous crops from 9.9 million hectares with a yield of 34.8 centners per ha, 30 million tonnes of corn from 4 million hectares (87%) with a yield of 75.4 centners/ha, 135,000 tonnes of buckwheat from 107,000 hectares (99%) with a yield of 12.6 centners/ha, 78,000 tonnes of millet from 51,000 hectares (98%) with the yield being 15.4 centners/ha.
In addition, 13.7 million tonnes of sunflower were harvested from 6 million hectares (99%) with a yield of 22.7 centners per ha, 4.3 million tonnes of soybeans from 1.7 million hectares (98%) with a yield of 25.7 centners/ha, and 2.7 million tonnes of rapeseeds from one million hectares with a yield of 26.1 centners/ha.
Sugar beets were threshed in the amount of 12.6 million tonnes from an area of 256,000 hectares (92%) with the yield standing at 492 centners/ha.
Along with harvesting, the autumn sowing campaign is underway. Thus, the farmers have sowed 7.1 million hectares with winter grains with the projected area being 7.2 million hectares, as well as one million hectares of winter rapeseeds (116% of the projected area).

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