Business news from Ukraine

CZECH VECTOR ENERGY TO BUY 49.9% OF IVANO-FRANKIVSK VALVE PLANT’S SHARES

Czech company Vector Energy s.r.o. (Plzen) plans to buy 1.58 million ordinary registered shares of PJSC Ivano-Frankivsk Valve Plant, thus the buyer will have a 49.99% stake in this enterprise.
Vector Energy currently does not own shares of the plant, the company’s announcement in the National Securities and Stock Market Commission’s bulletin.
According to the Czech Trade Register, Vector Energy was registered in 2014, the director and owner of the company is Roman Shyliuk from Kyiv.
PrJSC Ivano-Frankivsk Valve Plant was registered in 1995. According to the National Securities and Stock Market Commission, its co-owners are PrJSC Energomashinvest and PrJSC S.V.T.A. whose ultimate beneficiary in the state register of legal entities and individuals is Abigail Silvan (West Indies, Grenada).
Serhiy Shyliuk is the head of PrJSC Ivano-Frankivsk Valve Plant since 2015.
According to the financial statements for 2017, Ivano-Frankivsk Valve Plant increased its net income by 77%, to UAH 52 million, reduced its net loss by 44%, to UAH 38.5 million.
The plant’s charter capital is UAH 159,800.

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UKRAINE INCREASES CHEESE IMPORTS BY 30%, SPENDS $32 MLN IN JAN-JULY

Ukraine exported 4,560 tonnes of cheese in January-July 2018, which is 6.1% less than in the same period in 2017. According to customs statistics released by the State Fiscal Service, in monetary terms exports amounted to $17 million – at the level of the seven months in 2017. At the same time, cheese imports in January-July 2018 amounted to 6,640 tonnes, which is 29.8% more than in the same period in 2017. In terms of money, this indicator increased by 43.6%, to $32.68 million.
Exports of butter from Ukraine in January-July this year rose by 32.2%, to 19,230 tonnes. In monetary terms, this figure grew by 1.5 times and amounted to $82.84 million. According to the State Fiscal Service, imports of this product increased by 2.7 times, to 637 tonnes ($4.26 million).
Exports of milk and cream (condensed) in January-July decreased by 20.8%, to 22,360 tonnes. Ukraine supplied condensed milk and cream for a total of $36.83 million against $48.78 million in January-July 2017. Imports of this group of goods increased by 1.7 times, to 1,230 tonnes ($3 million).

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