Business news from Ukraine

KERNEL COULD CONSIDER SALE OF SHARES IN GRAIN TERMINAL IN RUSSIA’S TAMAN PORT

Kernel, one of the largest Ukrainian agricultural groups, could consider a possibility of selling shares in a deep-water grain terminal at the Taman port (Russia) if the price offered for them were acceptable, the agricultural holding has said on the Warsaw Stock Exchange (WSE).
Several potential buyers are interested, and if the holding receives the satisfactory price, it will seriously consider the issue of leaving the Russian market, Kernel President Andriy Verevsky said.
As reported, in 2012, Kernel and Glencore acquired a 100% stake in the deep-water grain terminal in the port of Taman from the EFKO group. The transaction value was $265 million. Kernel received a 50% stake in this terminal. In 2018, Kernel transferred its quota for transshipment of 1.8 million tonnes of grain to a third party and received $7.8 million for this.
Kernel is the world’s largest producer and exporter of sunflower oil, a leading manufacturer and supplier of agricultural products from the Black Sea region to the world markets.

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WAGE ARREARS IN UKRAINE 6.2% UP IN APRIL

Total wage arrears in Ukraine in April 2019 increased by 6.2%, and as of May 1, 2019 amounted to UAH 2.615 billion, the State Statistics Service has reported.
According to its data, in April 2019 the amount of wage arrears at economically active enterprises increased by 10.6% and as of May 1, 2019 amounted to UAH 1.416 billion.
The decline in wage arrears in April 2019 were recorded in Khmelnytsky (by 14.2%), Zhytomyr (by 2.6%), Poltava (by 2.2%) and Mykolaiv (by 0.9%) regions.
The growth of wage arrears was seen in Lviv (by 75.3%), Chernivtsi (by 49%), Kherson (by 18.1%), Ternopil (by 17.2%), Dnipropetrovsk (by 13.3%), Vinnytsia (by 10.9% ), Zakarpattia (by 8.1%), Chernihiv (by 7.7%), Donetsk (by 6.9%), Cherkasy (by 5.7%), Sumy (by 4.9%), Zaporizhia (by 3.6%), Odesa (by 3.3%), Kharkiv (by 3.2%), Rivne (by 2.1%), Luhansk (by 2%) regions and Kyiv city (by 10.3%).
The State Statistics Service said that in April 2019, the wage arrears decreased in the field of administrative and support services – by 10.8% (to UAH 8.59 million); temporary accommodation and catering – by 10.5% (to UAH 0.365 million); construction – by 3.1% (to UAH 70.07 million); in the woodworking industry – by 2.5% (to UAH 13.948 million), the chemical industry – by 2.2% (to UAH 80.904 million) and food production – by 0.8% (to UAH 92.317 million).
The debt in the sphere of in the arts, sports, entertainment and recreation increased almost twice (to UAH 1.85 million), IT and telecom – by 50.7% (to UAH 5.92 million), health care – by 21% (up to UAH 13.62 million); education – by 18.2% (to UAH 7.61 million); in the mining and quarrying industry – by 14.7% (to UAH 526.129 million); professional, scientific and technical activities – by 12.9% (to UAH 128.76 million); textile production – by 10.7% (to UAH 6.027 million); agriculture – by 9.5% (to UAH 21.85 million); in the sphere of residential services – by 8.9% (up to 113.69 million UAH); in engineering – by 5% (to UAH 943.93 million); the production of rubber and plastic products – by 4.9% (to UAH 30.326 million); in the sphere of wholesale and retail trade – by 4.3% (to UAH 43.96 million); real estate operations – by 2.8% (to UAH 57.98 million); financial and insurance activities – by 2.3% (to UAH 18.34 million); transport – by 1.7% (to UAH 177.51 million); state administration and defense, compulsory social insurance – by 1.2% (to UAH 3.79 million).

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REAL WAGES IN UKRAINE 11.2% UP IN APRIL 2019

Real wages in Ukraine in April 2019 compared with April 2018 increased by 11.2%, compared with March 2019 it fell by 0.8%, the State Statistics Service has said.
According to the agency, the average nominal wage of full-time employees in April 2019 compared with March 2019 rose by 0.3% and in annual terms by 21.1%, amounting to UAH 10,269.
The service said in March 2019 it amounted to UAH 10,237, February 2019 some UAH 9,429, and in January 2019 some UAH 9,223.
According to the statistics department, the largest increase in the average wage of full-time employees in April 2019 compared with April 2018 was observed in Dnipropetrovsk (24.9%), Kyiv (24.6%), Ternopil (24.5%), Chernihiv (23.2%), Kharkiv (22.1%), Rivne (21.6%), Donetsk ( 21.6%), Poltava (21.5%), Cherkasy (21.3%), Volyn (21.1%) regions and Kyiv city (20.7%).
The highest level of wages in April 2019 was recorded in Kyiv city at UAH 15,876, the lowest one in Kherson region at UAH 7,695.

UKRAINE INCREASES STEEL PRODUCTION BY 12.6%, CLIMBING TO 12TH POSITION IN WORLDSTEEL RATING IN APRIL

Ukrainian metallurgical enterprises in April 2019 increased steel production by 12.6% compared to the same period in 2018, to 1.938 million tonnes, climbing to 12th place from the 13th in the ranking of 64 countries, the major global manufacturers of these products, compiled by the World Steel Association (Worldsteel).
An increase in steel production in most of the top ten countries, except for Japan, Russia, Germany and Brazil was recorded in April.
The top ten producer countries in April are as follows: China (85.032 million tonnes, an increase of 12.7%), India (8.785 million tonnes, an increase of 1.5%), Japan (8.647 million tonnes, a decline of 0.8%), the United States (7.428 million tonnes, an increase of 7.3%), South Korea (5.978 million tonnes, an increase of 1.4%), the Russian Federation (5.6 million tonnes, a decrease of 8.3%), Germany (3.358 million tonnes, a drop of 8.7%) , Turkey (3.044 million tonnes, an increase of 2.6%), Brazil (2.886 million tonnes, a fall of 1.9%) and Iran (2.165 million tonnes, an increase of 2.8%).
They are followed by Italy (1.950 million tonnes, a fall of 5.7%), Ukraine (1.938 million tonnes, an increase of 12.6%) and Taiwan (China, 1.930 million tonnes, a fall of 5%).
In April, 64 countries produced 156.671 million tonnes of steel, which is 6.4% more than in April 2018.
In January-April 2019, 64 countries produced 599.857 million tonnes of steel, which is 4.8% more than in the same period last year.

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WIZZ AIR POSTPONES LAUNCH OF FLIGHTS FROM KYIV TO LEIPZIG

Wizz Air, one of the largest European low-cost airlines, has postponed the launch of flights from Kyiv to Leipzig (Germany) from July 5 to August 9.
According to data in the booking system, the first departure from Kyiv (Zhuliany) is scheduled for August 9 at 13:00, back from Leipzig at 14:45 local time.
Flights will be operated twice a week on Mondays and Fridays. The planned flight duration is just over two hours.
The cost of a one-way ticket starts from UAH 1,300.

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ZE!TEAM LAUNCHES LIFT PROJECT TO ATTRACT NEW SPECIALISTS, INNOVATIVE IDEAS

The team of newly elected President Volodymyr Zelensky (Ze!Team) has launched the LIFT project, which is intended to become a social elevator and unite qualified specialists and innovations, ensure changes in the country and its comprehensive socio-economic and cultural development.
“This is a platform that will finally give impetus to changes in the country: new people for state and social projects, innovative ideas and developments that will form the state as a modern service for every citizen of Ukraine,” the project initiators note.
Anyone can join the project. “We have combined the best recruiting companies and specialists who will closely monitor the selection process,” Ze!Team said.
LIFT, as an innovative platform, will help people find jobs, become specialists and work on changes in the country. Authors of the project say it will solve difficult issues or be useful for the country, bringing positive changes at the state level.
A beta version of LIFT project: https://lift.net.ua/ was launched on Tuesday, May 28.
On May 23, Zelensky, during his speech at the Ukrainian forum of Internet figures, iForum announced the launch of this project in the near future. He said it would allow anyone to offer their ideas as part of the process of digitalization of the state, dubbed “creating a state in a smartphone,” announced during his election campaign.

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