Business news from Ukraine

MAJOR BUYERS OF UKRAINIAN ELECTRICITY – HUNGARY, POLAND, MOLDOVA

Ukraine in January-November 2018 exported electricity worth $297.619 million, including $31.505 million in November alone. Hungary bought electricity worth $170.705 million, Poland $70.792 million, Moldova $48.019 million, other countries $8.103 million, Ukraine’s State Fiscal Service has said. Over the period under review, Ukraine imported electricity worth $1.316 million, in particular, electricity imports from the Russian Federation were estimated at $1.245 million, from Belarus at $0.064 million, from Moldova at $0.008 million.
As reported, Ukraine plans in 2018 to increase exports of electricity to the EU and Moldova by 13.3% from 2017 to 5.855 billion kWh. According to the forecast for 2018, deliveries from the Burshtyn TPP energy island to Hungary, Slovakia, Romania will be 3.6 billion kWh, to Poland 1.2 billion kWh, and to Moldova 1.055 billion kWh.

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UKRAINE WANTS TO EXPAND RAILWAY SERVICES TO POLAND

The Infrastructure Ministry of Ukraine jointly with the Infrastructure Ministry of Poland are working on restoration of two train services in 2019, Ukrainian Infrastructure Minister Volodymyr Omelyan said at a press conference in Kyiv.
“Together with our Polish colleagues, we are working on the restoration of railway services on the Przemyśl-Malhowice-Nyzhankovychi (Lviv region) line, as well as for Lublin-Lviv. I am sure that these lines have the future,” he said.
Omelyan said that the initiative to resume the railway services between Ukraine and Poland came from Infrastructure Minister of Poland Andrzej Adamczyk.
“We agreed that in December Ukrzaliznytsia and the Polish railway will finally agree on the launch format of these lines, and closer to the New Year we will be able to announce the terms for their implementation,” the Ukrainian minister said.
Omelyan also reported that today the decision was made to launch a container train between China and Europe, namely between China and Poland, on the territory of Ukraine.
“We plan that the number of such trains will be about 1,000 a year,” he said.

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TWO MILLION UKRAINIANS WORK IN POLAND

There are almost two million Ukrainians in Poland who are working in Poland, Polish Foreign Minister Jacek Czaputowicz has said. “According to different estimates, almost two million Ukrainians are already in Poland working in key areas of the economy: construction, agriculture, services. We appreciate their efforts and contribution to the development of our state,” he said at a meeting of the Ukrainian-Polish Partnership Forum in Kyiv.
In addition, the Polish foreign minister said almost 40,000 from Ukraine study at Polish universities.
The Polish minister added that in 2017 the Polish consuls issued 1.2 million visas to Ukrainian citizens.

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LARGE CONSTRUCTION COMPANY FROM POLAND COULD COMPLETE SHOPPING AND ENTERTAINMENT COMPLEX IN KYIV

Unibep S.A., one of the largest construction companies in the Polish market, has signed a conditional agreement on completing the construction of a shopping and entertainment complex in Kyiv with the Ukrainian company Martin LLC (Kyiv), part of the Lithuanian investment group BT Invest. According to a report by Unibep S.A. on the stock exchange, the contract was concluded on October 30, 2018. The condition for its entry into force is the receipt by Martin LLC of a loan from Poland’s Bank Gospodarstwa Krajowego S.A. (BGK) and the availability of a written confirmation of the entry into force of the loan agreement.
According to the report, the cost of the construction contract will be EUR34.6 million. At the same time, the customer makes an advance payment of 15% to Unibep S.A. at its own expense, while the remaining 85% will be financed by a loan provided by BGK.
The implementation period is 14 months from the date of commencement of construction.
BT Invest Group, in particular, Stolitsa Group investment and development company, which is part of it, is currently developing the project for the construction of the Retroville shopping and entertainment center at 47 Pravdy Avenue in Kyiv, whose commissioning was scheduled for 2019. The project partner is BT-Invest investment company, the exclusive broker is Colliers International (Ukraine).

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UKRAINIAN DANONE STARTS EXPORT TO POLAND

Danone in Ukraine has begun exporting yoghurt to Poland with the weekly deliveries of 20 tonnes, the company’s press service has reported. According to the report, Danone exports products for children under the Danonki brand (in Ukraine the Rastishka brand), as well as Activia bifidus yoghurt. The export volume of each product category is 10 tonnes per week.
“In 2018, the company received a request from partners from Poland for the supply of products for children under the Danonki brand. The request has been successfully implemented, therefore Poland became the first country in the European Union to which Ukrainian yoghurt was delivered,” the manufacturer said.
The company also reported on the request for an increase in export volumes. In addition, Danone intends to organize the supply of dairy products to other EU countries.
According to the company, Danone is now also exporting Prostokvashino sour cream and Activia drinking bifidus yoghurt to the United Arab Emirates. According to Danone, the exported products are manufactured at Danone Dnipro plant (Kherson). Danone Group is represented in 120 countries. It owns more than 190 factories, which employ about 102,000 people.

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POLAND’S SHOE STORES CHAIN TO OPEN NEW STORE IN UKRAINE

The Bud House Group, an investment and developing group, has signed a contract to lease 550 square meters in the Liubava shopping and entertainment center in Cherkasy with CCC Ukraine LLC (Lviv), developing a chain of shoe stores of the Polish brand CCC in Ukraine. The press service of Bud House reported on Monday that the decoration of the premises has started. The date of the opening of the store is not specified.
Earlier CCC Ukraine planned to open up to 15 new stores in Ukraine in 2018.
According to the official website of the CCC brand, as of November 22, 2018, the chain in Ukraine includes 10 outlets.
Bud House Group is the developer of the Liubava shopping and entertainment center.

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