Business news from Ukraine

INFRASTRUCTURE MINISTRY ANNOUNCES UBER SERVICE IN UKRAINE

KYIV. Dec 7 (Interfax-Ukraine) – The Infrastructure Ministry of Ukraine has met representatives of U.S. Uber Technologies Inc., the designer of the popular taxi application to order taxi, Deputy Infrastructure Minister of Ukraine Volodymyr Omelian wrote on his Facebook page.

“Jointly with Roman Khmil [director of the road market and transportation strategic development department in the ministry] we met Uber [representatives]. Businesslike talks and complete understanding. The question “Do you need a limo or a lift?” will not be a live issue anymore. Soon,” Omelian said.

As reported, in July 2015, Uber Technologies Inc. was looking for a manger for the Ukrainian market.

Uber is headquartered in San Francisco and is present in over 300 cities worldwide.

Uber received financing from Chinese investors, including managing company Hillhouse Capital Group, before an initial public coffering (IPO).

UKRPOSHTA DOUBLES PROFIT IN TEN MONTHS

KYIV. Dec 4 (Interfax-Ukraine) – The profit of state enterprise of postal services Ukrposhta in January-October 2015 amounted to UAH 29.5 million, which is twice higher than in 2014, according to a press release from the company.

Total income for the period increased by 10.5% and amounted to UAH 3.552 billion.

The press service notes that revenues from international shipments were up by 25%. Revenues from housing utilities and other services payments increased by 25% as well.

The total amount of taxes and fees the company paid to the national budget exceeded UAH 1 billion, increasing by 1.3% compared to the same period last year.

Ukrposhta is a national postal operator according to the order of the Cabinet of Ministers dated January 10, 2002. It is managed by the Infrastructure Ministry of Ukraine.

PORK PRODUCTION IN UKRAINE WILL REMAIN AT LEVEL OF 740,000 TONNES IN 2016 – EXPERT

KYIV. Dec 4 (Interfax-Ukraine) – The Pig Breeders of Ukraine association predicts that pork production in 2016 will remain at a level of 740,000 tonnes amidst the falling demand for this product in the domestic market.

“Production next year will be approximately such as in the current year. According to our estimates, it is 740,000 tonnes,” president of the association Artur Loza said at a press conference in Kyiv.

He noted a very low demand for these products. The drop in demand over 2015 is expected to reach 13% in comparison with 2014.

“Now we see the minimum demand. The price continues falling,” the expert added.

According to him, purchase prices for pork (live weight) are UAH 26.5-27.5 per kg, while the cost of production is estimated at UAH 25-27 per kg.

Loza added that this year Ukraine has exported the record high volume of pork, of which 33,000 were supplied abroad and 18,000 tonnes to Crimea.

According to the expert, if Russian food sanctions against Ukraine enter into force, pork exports in 2016 will be minimal at around 10,000 tonnes, which will be delivered to Georgia, Kazakhstan, possibly to China.

BANKS WILL ISSUE UAH 8 BLN LOANS UNDER STATE ENERGY SAVING PROGRAM IN 2016 – ENERGY SAVING AGENCY

KYIV. Dec 4 (Interfax-Ukraine) – Banks participating in the state program to partially compensate the cost of credits taken for the modernization of heating and energy efficiency measures in the housing sector of Ukraine will be able to issue UAH 8 billion in such loans in 2016, Head of the State Agency on Energy Efficiency and Energy Saving of Ukraine Serhiy Savchuk has said.

“I think that given the pace we are moving with, considering the market potential that exists today, next year we will be able to issue UAH 8 billion in loans for energy efficiency,” he said at a press conference on the results of the government’s work and the prospects of development in the field of energy efficiency and renewable energy in Kyiv.

Savchuk also noted that most loans for thermal modernization and housing energy efficiency to the population under the relevant state program since the beginning of 2014 have been issued in Lviv region.

“Lviv region is in the first place because it at once joined our program. Out of more than UAH 1 billion of loans granted throughout the country some UAH 120 million was issued in loans in small Lviv region,” he said.

VEGA LAUCNHER WITH UKRAINIAN ENGINE SENDS SATELLITE INTO ORBIT TO PREPARE FOR 2034 ELISA MISSION

KYIV. Dec 4 (Interfax-Ukraine) – A Vega light rocket with the Ukrainian engine carrying the European Space Agency’s Lisa Pathfinder was successfully placed into orbit LISA Pathfinder satellite of the European Space Agency (ESA).

The press service of the State Space Agency of Ukraine reported that the Vega rocket lifted away from the Kourou spaceport in French Guiana (South America) at 06:04 Kyiv time.

“The launch was the sixth under the Vega program and the third in 2015,” the press service said.

Vega rocket was designed by the ESA jointly with the Italian Space Agency (ASI). Vega was designed to carry up to 1,500 kilograms of payloads to a 700-kilometer circular polar orbit or up to 1,200 kilograms of payloads to a 1,200-kilometer heliosynchronous orbit. The cruise engine for the fourth stage of the rocket RD-868P was designed by Pivdenne Design Bureau and it was made by Pivdenmash state enterprise (both based in Dnipropetrovsk). The test launch of the Vega carrier was success in February 2012, and since May 2013 the ESA started commercial exploitation of the new rocket.

The Ukrainian government and the ESA signed an agreement of cooperation in the peaceful development of outer space in 2008. The ESA unites 17 European countries.

LISA Pathfinder satellite is to test technologies required for the launch of the evolved Laser Interferometer Space Antenna (eLISA) in 2034 that will detect gravitational waves.

S-ROSTOK TO BUILD VEGETABLE STORAGE OF 15,000 TONNES IN MYKOLAIV REGION IN 2016

KYIV. Dec 3 (Interfax-Ukraine) – S-Rostok (Mykolaiv region), a large producer of vegetables in Ukraine, plans in 2016 to build a vegetable storage for 15,000 tonnes in Mykolaiv region.

“We will increase the area under carrots next year from 120 hectares to 330 hectares, build a modern vegetable storage for 15,000 tonnes for the new season,” Commercial Director Oleksandr Marchenko said at the 12th international conference “Vegetables and Fruit of Ukraine 2015. Restart.”

According to him, S-Rostok will build the vegetable storage facility for own funds.

The gross harvest of carrots and onions in 2016 is expected to reach 8,000-10,000 tonnes, of which about 10% will be exported to the EU. A contract with Spanish importers for vegetables supplies has been signed.

The company also plans in 2016 to obtain a Global GAP certificate to work with European customers.

S-Rostok was established in 2007. It grows onions, carrots, beets, celery, owns storage facilities with a capacity of 40,000 tonnes, of which 2,000 tonnes with a controlled atmosphere and 22,000 tonnes with freon cooling.