Business news from Ukraine

NIKA-TERA MARINE TERMINAL INCREASES GRAIN STORAGE CAPACITY BY 1.8 TIMES

Nika-Tera marine terminal (Mykolaiv), part of Group DF of Dmytro Firtash, has increased its storage capacity by 1.8 times, to 515,000 tonnes of grain, according to a press release from the port. “To maximize the effective processing of the new harvest maize, the storage capacity was significantly increased, which as a result amounted to 515,000 tonnes. Today, these are the largest port capacities by the volume of one-time storage in the ports of Mykolaiv region and the second largest among the ports of Ukraine,” Nika-Tera Operation Director Ihor Hrydnev said.
Cargo turnover at Nika-Tera terminal as of August 29, 2018 was 3 million tonnes. Since the beginning of the year, 180 vessels have been handled at the port.
In the structure of processed goods for the specified period, the share of grain, leguminous crops and oilseeds was 59%, bulk cargo stood at 36%, and fertilizers at 5%. “Traditionally grain remains the main type of cargo for the port. For the first two months of the new marketing year, 32 vessels with grain were handled at the port, the volume of transshipment was 484,000 tonnes,” the expert said.
Nika-Tera is a highly mechanized sea terminal that is part of the Group DF port business.

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IMF ASSISTANCE TO ALLOW UKRAINE TO CALMLY PASS AUTUMN AND WINTER

Ukraine would calmly pass this autumn and winter thanks to the assistance of the International Monetary Fund (IMF), Ukraine’s Alternate Executive Director in the IMF Vladyslav Rashkovan has said. “I am sure that we would calmly pass this autumn and next winter, including thanks to assistance from the IMF,” Rashkovan said in an interview with the Novoye Vremia magazine.
He said that Ukraine would soon receive the next tranche from the IMF under the Extended Fund Facility (EFF).
“I still hope that Ukraine will receive this money. I would think in terms of how it will help us to further implement the reforms that have been launched. Over the past four years it has been done more than in 23 years. The World Bank, the EBRD [the European Bank for Reconstruction and Development] and all international investors admit it, but we have lost a lot of time and we need to develop faster. The IMF is able to help us,” Rashkovan said.

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SERHIY MARCHENKO APPOINTED DEPUTY HEAD OF PRESIDENTIAL ADMINISTRATION

Head of the Ukrainian state Petro Poroshenko with his decrees has dismissed Dmytro Shymkiv from the post of deputy head of the presidential administration of Ukraine and appointed Serhiy Marchenko to the post. “Dismiss Dmytro Anatoliyovych Shymkiv from the post of deputy head of the presidential administration of Ukraine,” reads the text of decree No. 265/2018, published on the presidential website on Friday afternoon. “Appoint Marchenko Serhiy Mykhailovych as deputy head of the presidential administration of Ukraine,” says the text of decree No. 226/2018.

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CYPRIOT PVK ENERGY BUYS SOLAR CAPITAL TO BUILD SOLAR PLANT

Сypriot PVK Energy Investment, part of ICU Group, has acquired Solar Capital LLC (Kherson), whose beneficiary was previously Iryna Barakh, the wife of chief military prosecutor Anatoliy Matios, according to information in the state register. “The acquisition of Solar Capital is another step in the development of our investment business in the field of alternative energy,” Kostiantyn Stetsenko, the managing partner of ICU, told Interfax-Ukraine.
He noted that the first project of the group in this direction is the construction of Kamyanets-Podilsky solar plant.
“Now we are investing in the construction of a solar power plant in Kherson region. This investment is our contribution to the renewal of generating capacities in Ukraine, energy independence by reducing dependence on imported fossil resources and the implementation of the national plan for the share of renewable energy sources,” he said.
Earlier, the Antimonopoly Committee of Ukraine agreed the deal.
According to the state register, Solar Capital was registered on February 15 of this year with a charter capital of UAH 4.5 million. Its head is Yevhen Barakh, who from mid-July also heads MS Social Project, part of ICU Group, planning to build Ukraine’s largest plant for processing solid domestic waste in Zhytomyr.

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DANISH AGRO-COMPANY AGROMINO SEES EUR 2.8 MLN OF NET LOSS

The Danish agro-company Agromino (formerly Trigon Agri) with assets in Ukraine, Russia and Estonia in January-June 2018 saw EUR 2.82 million of net loss compared with EUR 9.46 million of net profit a year ago. According to a report of the company on its website, total revenue, taking into account the adjustment of the fair asset value and stocks, fell by 8.5% in H1 2018, to EUR 27.24 million.
Earnings before interest, taxes, depreciation and amortization (EBITDA) were negative, being EUR 1.8 compared with positive EUR 9.4 million a year ago.
Consolidated assets as of June 2018 were estimated at EUR 58.32 million compared with EUR 46.77 million as of late 2017. In Q2 2018, Agromino cut net profit by 20.7% year-over-year, to EUR 8.14 million and revenue – by 9.5%, to EUR 20.25 million. As reported, Agromino in 2017 posted EUR 3.48 million net profit against EUR 25.08 million net loss in 2016. Revenues decreased by 17.6%, to EUR32.83 million.
Agromino (formerly Trigon Agri) was established in 2006. It specializes in grain and dairy production, agricultural trade.

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VALERIY ZHOVTENKO APPOINTED UKRAINE’S AMBASSADOR TO KYRGYZSTAN

President of Ukraine Petro Poroshenko has appointed Ambassador of Ukraine to the Kyrgyz Republic Valeriy Zhovtenko. Relevant presidential decree No. 264/2018 dated August 30, 2018 was made public on the website of the head of state on Thursday. “Appoint Valeriy Tymofiyovych Zhovtenko extraordinary and plenipotentiary ambassador of Ukraine in the Kyrgyz Republic,” the document says.

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