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15:22 PM Thursday, September 21, 2017
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UBJ AM Aug. 22, 2017
James Brooke
UIA to fly to Toronto, Delhi, Shanghai; Retail trade up 8 percent; Ag surplus of $1.9 billion in H1
image/svg+xml Kyiv Lutsk Rivne Zhytomyr Lviv Ternopil Khmelnytskyi Uzhgorod Chernivtsi Vinnytsia Chernigiv Sumy Kharkiv Poltava Cherkasy Kirovohrad Lugansk Dnipropetrovsk Donetsk Zaporizhzhia Mykolaiv Odesa Kherson Simferopol Sevastopol Ivano- Frankivsk

• Next summer, Ukraine International Airlines plans to start direct flights from Kyiv Boryspil to Toronto, Canada and to New Delhi, India. There will be four flights weekly to Delhi and three times weekly to Toronto, UIA’s press service reports. Shanghai will also be a new UIA destination, Aron Mayberg, the airline’s Supervisory Board head, said last month. Separately, the airline, responsible for half of Ukraine’s air traffic announced that it would charge $20 for printing out boarding passes at airports.

• Economic ties between Ukraine and the oil-rich United Arab Emirates are growing fast. About 11,000 Ukrainians now live in the UAE, there is a Ukrainian Business Council, and two daily direct flights link Kyiv and Dubai, Yuriy Polurez, Ukraine’s ambassador to the UAE, told a local news outlet, Khaleej Times. Bilateral trade is up 60 percent and tourism is tripling, a result of a new visa on arrival regime for Emiratis arriving in Kyiv’s two international airports.

• Retail trade grew by 8 percent during the first seven months of this year, according to State Statistics Service. By contrast, retail trade rose by 3.7% last year, compared to 2015. This year, retail turnover has increased most in Zakarpattia, Vinnytsia, Odesa, Sumy, Mykolaiv, Cherkasy, and Lviv regions – by 21%, 17.7%, 12.8%, 10.8%, 10.6%, 9.5% and 9.5%, respectively.

• Ukraine exported $8.7 billion worth of agricultural products from during the first half of this year, or $1.9 billion more than in the same period last year, the Ministry for Agricultural Policy and Food of Ukraine has reported. Factoring in Ukraine’s $1.97 billion in food imports, the agricultural trade surplus was $6.7 billion.

• Dutch investment fund Safedam has abought 24 percent of the Volodymyr-Volynska poultry farm. Located in Volyn region, the farm markets under the Kurka Cheboturka brand. One of Ukraine’s top three leaders in the poultry with, 6% share of the domestic market, the privately held company predicts a turnover of $63 million. As part of a EUR 25 million modernization plan, the company is buying equipment from Dutch Stork company and Dutch chickens to breed in Ukraine. Oleksiy Kovalenko, head of the supervisory board, said: “Our poultry farm is becoming a Ukrainian-Dutch enterprise.”

• Ukraine’s exported $345 million in arms during the first half of 2017, on track to match last year’s arms exports of $769.5 million. According to a report from Urkoboronprom, the state arms design and manufacturing conglomerate, this year marks the first time that composition of export has tipped toward new high-products over what the company called "unexpended balances.”

• Halfway through Ukraine’s warm weather construction season, 600 km of roads have been repaired, Slawomir Nowak, head of Ukravtodor, the state roads agency. He said about $10 million has been allocated to roads in the war-affected East. Separately, Prime Minister Volodymyr Groysman told a government meeting that growing tax revenues are allowing the government to steadily expand its road repai budget. He predicted: “In three or five years we will make ideal order on the roads… I think that Ukrainians will feel that the situation changes on the major part of the roads.”

• The UDP Group plans to build up to 300 MW, or $300 million, in renewable energy power plants in the next five years, Serhiy Yevtushenko, UDP Renewables Managing Partner, told Interfax-Ukraine. After completing a 6MW solar plant in Brovary, the company plans to be build a second plant in Kyiv region, this one for 5MW. Each MW of installed capacity costs about $1 million. After concentrating on solar, UDP plans to expand into wind farms and biomass power plants.

• A liquefied natural gas carrier has arrived in Klaipeda, Lithuania with LNG from the Sabine Pass terminal in the U.S. Gulf of Mexico, the first shipment of American gas to arrive in the Baltics, the Marinetraffic.com portal reported. Lithuania and Ukraine no longer buy gas from Russia.

• Nafta, a leading oil and gas company in Slovakia, wants to become an investor and operator in Shell’s former product sharing agreement for the Yuzivske gas field in Kharkiv and Donetsk regions. In early August, Daniel Kretinsky, Nafta Board Chairman and principal owner of Czech energy group EPH, met in Kyiv with Prime Minister Groysman. Nafta, which storage facilities of 2.74 billion cubic meters of natural gas on the Slovak-Ukrainian border, wants to invest in Yuzgaz B.V. the operator that seeks to implement the gas project in eastern Ukraine.

• Construction of a high-pressure gas pipeline to the front line city of Avdiyivka has started. The $2 million, 20-kilometer line is coming down from Ocheretyne, a more secure city in the Kyiv-controlled half of Donetsk region. The new line will also supply seven towns near the front line. The line, which should be ready before winter, will be paid partially by the Avdiyivka coke plant, part of Metinvest Group.

• Nine companies submitted bids through the ProZorro system to dredge the Black Sea port of Chornomorsk. The winner is to be announced shortly for the project, estimated $2.5 million. The work, dredging 504,400 cubic meters, is to be performed by the end of this year.


For comments and story tips, please contact UBJ Editor in Chief James Brooke at james.brooke@theubj.com

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