Business news from Ukraine

Business news from Ukraine

UKRAINIAN GROUP RDS INVESTS UAH 75 MLN IN KHERSON REGION

The Ukrainian group of companies RDS, as part of repair work on the section of M-14 highway in Kherson region, acquired Kredmash DS-16837 asphalt concrete plant for UAH 25 million and invested about UAH 50 million in a production base located in Nova Kakhovka of Kherson region, co-founder of the company Yuriy Shumakher has told Interfax-Ukraine.
“The total amount of our investments in the purchase of the asphalt concrete plant and in the production base was about UAH 75 million. We are expanding our presence in Kherson region, for this we are investing in a base in Kherson region,” he said.
The expert clarified that the new asphalt concrete plant will start work in a week, which will allow the work to be carried out systematically and meet the stated terms of local construction projects.
The productivity of Kredmash DS-16837 plant is up to 160 tonnes of asphalt concrete per hour. It consists of a high-power asphalt mixing facility, a feeding unit, bunkers for a mineral powder unit, four bitumen tanks of 30 cubic meters each and a ready-mix unit (100 tonnes).
RDS Group is one of the top three road building companies in Ukraine, including Kyivshliakhbud and Rostdorstroy. Its core business is construction, reconstruction and maintenance of highways and bridges, construction of airfield complexes.

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SON OF UKRAINIAN MOTOR SICH’S PRESIDENT BOHUSLAYEV BUYS ISLAND IN ITALY

The son of Motor Sich’s Honorary President Oleksandr Bohuslayev has bought the Gallinara Island in the Ligurian Sea near the Italian Riviera from several owners for more than EUR 10 million.
According to the Italian newspaper Corriere della Sera’s website, the deal on the acquisition was concluded by the Galinette company from Monaco, belonging to a 42-year-old native of Zaporizhia with Grenada citizenship, Oleksandr Bohuslayev, allegedly the son of PJSC Motor Sich’s honorary president, MP Viacheslav Bohuslayev.
According to the publication, the turtle-shaped island, about 0.5 km long, is located 1.5 kilometers from the coast between the towns of Albenga and Alassio and is a nature reserve closed for tourists. The island was previously owned by wealthy Italian bankers.
“Significant debts to the tax authorities, partners’ economic problems – the sale [of the island] is overdue. Bohuslayev entered into negotiations in May, and on July 17 the deal went through. Ideally, Bohuslayev can now plant a Ukrainian [or Grenada] flag on the top of the turtle island,” the article says.
PJSC Motor Sich is one of the world’s largest manufacturers of aircraft engines, as well as industrial gas turbine plants. The company delivers its products to more than 100 countries worldwide.
Until recently, the largest individual shareholder of PJSC Motor Sich was the company’s Honorary President, MP Viacheslav Bohuslayev, who in 2016 declared the reduction of his stake in Motor Sich from 15.8% to 1%. He also included in the income earned in 2016 the investment income from the securities trader Motor-Dealer owned by PJSC Motor Sich in the amount of about UAH 1.07 billion.

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RURAL POPULATION FEELS MORE SECURE THAN URBAN RESIDENTS – SURVEY

Rural people in general feel more secure than urban residents in the current situation in Ukraine, says political analyst Serhiy Lozovsky.
“People in villages feel themselves the least exposed to danger. And sociological studies confirm this. Rural residents have enough inner strength to secure themselves and their families. As to residents of cities, where government agencies must ensure security, there is a problem which makes them feel less secure in cities,” Lozovsky said, while commenting on a joint survey conducted by the Active Group and the Expert Club in a program on the latter’s YouTube channel.
According to the expert, this is caused by the fact that law enforcers often demonstrate poor response to acts of violence and violation of law.
“This often happens during mass events when law enforcers stand in line and show no response to beatings they witness,” Lozovsky said.
Earlier, at the press center of the Interfax-Ukraine News Agency, the Active Group and the Expert Club presented the results of their second joint survey. This time they studied Ukrainians’ opinion about work of central government agencies and local governments, unemployment growth caused by the quarantine restrictions, the population’s attitude towards official statistics on the coronavirus (COVID-19) incidence rate, as well as the main issues of concern for urban and rural residents.
The survey showed that the population in general negatively treats the incumbent government. Local governments enjoy the highest rating among Ukrainians – 45% of respondents praised their work, 38% said the president was doing a good job, and only around 20% praised the country’s prime minister.
Some 10.5% of those polled said the National Police worked good, while more than 55% said the opposite. Local police stations have the highest rating – 22% praised their work, while 39% said it was bad.
The main issues of concern for urban and rural residents include: quality of roads (54% of respondents), condition of the public facilities (44.7%), condition of the infrastructure inside buildings (43.5%), unemployment (34.2%), housing and utility tariffs (31.1%), mass renaming of streets, cities and villages (29.2%).
Additional information about the survey is available on the website of Active Group and on the Expert Club YouTube channel.
The video is available on the YouTube channel:

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 04/08/20

National bank of Ukraine’s official rates as of 04/08/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF AUGUST 04

Official rates of banking metals from national bank as of August 04

One troy ounce=31.10 grams

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UKRAINIAN WINE MANUFACTURER SHABO OPENS THIRD BRAND STORE IN CHINA

Shabo, a large Ukrainian wine manufacturer (Odesa region) on July 28 opened its third brand store in China, Fuzhou, the previous two working in Guangzhou and Xi’an.
According to the company’s website, the official store opened at the end of the previous month became the largest of the three stores. Shabo has been exporting its products to China since 2013. The first brand store was opened here two years ago.
“This is the third Shabo store with the products represented in China under the Master Tardan trademark, the previous two are successfully operating in Guangzhou and Xi’an,” the company said.
The new store in China has 240 square meters of stands with products, a wine storage, a tasting room, and office premises.
“This is the third store we’ve opened in three years and we plan to move forward at the same pace. I believe that by 2021 the Shabo brand store will open its doors to Shanghai residents as well,” Stanyslav Kobyletsky, the company’s export director, said.
The company noted that Shabo products are now exported to 18 countries of the world.
Shabo was established in 2003. The company is engaged in growing and processing grapes, production, and sales of alcohol products.
The company has been producing cognacs and brandy since 2005, and Shabo grape vodka since 2013. The manufacturing capacity of the complex, occupying more than 10,000 square meters, provides a full cycle of production of strong alcoholic drinks of grape origin.
The range of Shabo products is presented in all regions of Ukraine, as well as in Georgia, Israel, China, Poland, Latvia, Estonia, Belgium, France, Denmark, the Czech Republic, the United States, Brazil, Canada, Azerbaijan, Japan, Norway, and the United Kingdom.
The company owns processing capacities for the season amounting to more than 20,000 tonnes of red and white grapes. The Shabo vineyard covers a total area of about 10,000 square meters. Shabo produces 50 million bottles a year, with a total of about 80 items of products. Bottling is performed at nine filling lines.
Based on the state register of legal entities and individual entrepreneurs, the ultimate beneficiary of Shabo Industrial-Trade Company LLC is Eldar Iukuridze, Agrofirma Shabo LLC (both in Odesa region, the village of Shabo) Eldar Iukuridze and Bela Cholikidze.

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