Business news from Ukraine

LUTSK CARDBOARD CARDBOARD-PAPER MILL’S PRODUCTION OVER 28% UP IN JAN-JULY

KYIV. Aug 18 (Interfax-Ukraine) – Lutsk cardboard-paper mill, part of the United Cardboard Company belonging to businessman Mykola Lobov, produced goods worth UAH 241.53 million in January through July 2016, which is 28.8% up year-over-year, according to the Ukrpapir association.

The association said that during this period the mill made 31,600 tonnes of various types of cardboard – 6.4% up year-over-year (mainly packaging cardboard – 27,850 tonnes).

Box cardboard was made in small volumes (1,730 tonnes), as wells as roofing board (360 tonnes).

Cover board production decreased by almost 25%, to 1,710 tonnes. The mill also produced 710 tonnes of pulp.

One more company in the sector under control of the United Cardboard Company – Poninkivsky Cardboard and Paper Mill – increased production by 23% in January-July 2016, to UAH 215.87 million.

The mill more than doubled production of box board, to 35,170 tonnes, and corrugated cardboard packaging output rose by almost 18%, to 40.3 million square meters.

Paper production fell by 2.7% in January-July 2016, to 910 tonnes.

Lutsk cardboard-paper mill LLC was founded on the basis of assets of Lutsk cardboard-ruberoid mill in summer 2012.

The mill produces raw materials for corrugated board production (fluting and test liner), roofing, box and cover cardboard.

In 2015, the mill produced goods worth UAH 404.55 million, which was 67.1% up year-over-year.

Poninkivsky Cardboard and Paper Mill was founded over 200 years ago. The mill produces cardboard and paper.

In 2015, the mill saw a rise of 97.3% in production, to UAH 329.22 million.

CITIES’ OPEN DATA SERVICE TO BE LAUNCHED IN UKRAINE – OPORA CIVIL NETWORK

KYIV. Aug 18 (Interfax-Ukraine) – An open data service of cities under the Apps4Cities project is to be launched in Ukraine, Head of OPORA Civic Network Olha Aivazovska has said.

“Our ambitious goal is to ensure that every city resident could have access to cities’ data available within our project, use it with the help of mobile apps and other technologies. Types of data that will be made available relate to everyday life, starting from transportation to education and leisure.” Aivazovska said at a press conference in Kyiv on Tuesday.

The data will be useful not only to journalists or analysts, but also to ordinary citizens, she said.

The project will be implemented during the second half of 2016 and in early 2017.

The OPORA Civil Network is a non-governmental, non-political and financially independent nationwide network of public activists.

UKRENERGO COULD FINISH BUILDING 750 KV ZAPORIZHIA NPP-KAKHOVSKA POWER LINE BEFORE 2018

KYIV. Aug 17 (Interfax-Ukraine) – National Energy Company Ukrenergo plans to finish building a 750 kV Zaporizhia nuclear power plant (NPP)-Kakhovska power line and assistant infrastructure by late 2017, acting director of the company Vsevolod Kovalchuk told reporters on Tuesday.

“For the Kakhovka generation system we plan to launch Kakhovska 750 kV substation by the end of this year and build 330 kV power lines from this substation. The whole generation system that would help to transmit electricity generated by Zaporizhia NPP will be finished by the end of next year,” he said.

Kovalchuk said that the implementation of the project would ensure additional 700 megawatt of power to transmit from Zaporizhia NPP.

CANADA EXTENDS ANTIDUMPING DUTIES ON IMPORTS OF HOT-ROLLED STEEL SHEET INCLUDING FROM UKRAINE

KYIV. Aug 17 (Interfax-Ukraine) – The Canadian International Trade Tribunal (CITT) has finished revision of antidumping measures and decided to extend its antidumping and countervailing duty finding on imports of flat hot-rolled carbon and alloy steel sheet and strip due to dumping of them by China, Brazil, and Ukraine and the subsidizing of them by India for more five years.

The duties on the projects from Taiwan have been lifted.

The decision was made on August 12, 2016.

The Canada Border Services Agency (CBSA) will continue applying antidumping or countervailing duty on imported flat hot-rolled carbon and alloy steel sheet and strip from Brazil, China, India and Ukraine.

The antidumping duties were imposed on August 17, 2001. They were twice revised. The antidumping duty on flat hot-rolled carbon and alloy steel sheet from Ukraine is 77%.

NBU REGISTERS IBOX MONEY TRANSFER INTL SYSTEM

KYIV. Aug 17 (Interfax-Ukraine) – The National Bank of Ukraine on August 4 registered the iBox Money Transfer international remittance system, whose payment organization is PJSC iBox Bank (formerly Agrocombank, Kyiv).

Participants in the payment system are OJSC Zaminbank (Azerbaijan) and PJSC Artem-Bank (Kyiv).

According to the NBU, taking into account iBox Money Transfer, currently eight payment systems, whose payment institutions are banks, are registered, three of them are international.

In addition, 11 payment systems, created by non-banking institutions, are registered, including one international.

As reported, in May Agrocombank stated the National Bank of Ukraine had approved the rules of the iBox Money Transfer international payment system.

UKRAINE THRESHES 37.5 MLN TONNES OF EARLY GRAIN CROPS AS OF AUG 12

KYIV. Aug 16 (Interfax-Ukraine) – Ukraine as of August 12 had threshed grain and leguminous crops on 9.7 million hectares, harvesting 37.5 million tonnes of grain.

The press service of the Agricultural Policy and Food Ministry reported the yield is 39.4 centners per ha.

Some 26.2 million tonnes of wheat were threshed on 6.1 million ha or 99% of the target with the yield of 42.8 centners per ha.

Some 9.8 million tonnes of barley were threshed on 2.86 million ha or 99% of the target with the yield of 34.1 centners per ha.

Around 757,000 tonnes of peas were harvested from 235,000 ha (99%) with the yield of 32.2 centners per ha.

Some 370,000 tonnes of rye were threshed on 137,000 ha (96%) with the yield of 26.9 centners per ha, and some 468,000 tonnes of oats were threshed on 182,000 ha with the yield of 25.6 centners per ha.

In addition, some 1.1 million tonnes of winter rapeseeds were threshed on 431,000 ha (95%) with the yield of 26.2 centners per ha.

The ministry predicts grain harvest at 61 million tonnes.