On March 11-12, 2020 in Kyiv is planned the second regional Sustainable Finance Forum– SusFinForum.
SusFinForum is an annual forum for banks, microfinance institutions, asset managers, project sponsors, investors & financiers in the EECA region (Eastern Europe, Caucasus & Central Asia) that are committed to creating a social and environmental impact in the region.
The goal of the forum is to catalyze investments for sustainable infrastructure and development in the region, through innovative financing models.
We will discuss:
Rewiring the economy-10 tasks 10 years
Sustainable finance snapshot in the region
Key risks: Local currency financing
Blended finance for serving undeserved markets
Green and social impact bonds
Financing & developing renewable energy projects
Financing energy efficiency projects
Financing the development of sustainable agriculture
Investment & financing opportunities in solid waste management
Exclusive Project Finance Masterclass ‘‘Are renewable energy projects bankable?’’
More details and registration on website www.susfinforum.com
Organizer: Greenpact
Gold Sponsor: Green for the growth fund» (GGF). Bronze sponsors: The Global Climate Partnership Fund (GCPF), Ukrgazbank, Triodos Investment Management.
General partners: European-Ukrainian Energy Agency EUEA, Bridges Consulting. Local partner-Armenia: ADWISE Consulting.
General media partner: Interfax-Ukraine
Media-partner: Independent Association of Banks in Ukraine (NABU), The Association of Microfinance Organizations of Moldova, The Assosiation of Micro Finance Institutions Kyrgyzstan (AMFI), The Ukrainian Assosiation of Renewable Energy(УАВЕ), The European Business Association (ЕВА), American Chamber of Commerce in Ukraine (ACC), The Union of Banks of Kyrgyzstan, Mind.ua, RBK-Ukraine, 350.org
For participation and cooperation, please contact by e-mail: partnership@susfinforum.com or or by phone in Kyiv: +38 050 026 5744
Open4Business.com.ua – is an information partner of the event.
JSC Dnipropetrovsk Aggregate Plant, according to preliminary data, received a net profit of UAH 170,000 in 2019, compared to UAH 480,000 in 2018.
According to the information on the agenda of a general shareholders’ meeting scheduled for April 16, retained earnings by the beginning of 2020 amounted to UAH 2.79 million, one third less than in 2019.
According to the draft agenda for the shareholders’ meeting, the net profit received will be directed to the development of production.
According to financial indicators, the plant’s current liabilities increased by 9.3%, to UAH 255.4 million, but long term liabilities decreased by 88.4%, to UAH 15.68 million for 2019.
The company’s assets decreased by 13.8%, to UAH 389.6 million, including the total receivables amounted to UAH 109.51 million, what is 15% less.
The net worth of the plant as of January 1, 2020 amounted to UAH 118.52 million, including the charter capital of UAH 8.2 million.
JSC Dnipropetrovsk Aggregate Plant, founded in 1927, is currently specializing in manufacturing high-precision mechanics, precision hydraulics and special electric drives for various industrial sectors.
According to the enterprise’s financial report for 2018, more than 40% of the production volume came from the manufacture of hydro-emulsion equipment for mining equipment, and about 24% from aviation and special-purpose products (various pumps, electric motors, generators), which previously occupied a predominant share.
“Due to the loss of traditional (mainly in the Russian Federation) sales markets, the output of special products has significantly decreased over the past five years,” the plant’s representatives said.
The company’s net income in 2018 decreased by 22.3% compared to 2017, to UAH 327.54 million. By the beginning of 2019, the plant employed more than 2,000 people.
According to the National Commission on Securities and the Stock Market for the fourth quarter of 2019, some 37.9466% of the shares of the plant belong to Yevhen Morozenko, the chairman of the supervisory board (the Ukrainian MP from the Party of Regions in 2012-2014), 19.1847% to Volodymyr Yatsuba (Head of Sevastopol City Administration until February 2014), another 19.18.47% to his son Andriy Yatsuba.
UFuture and InSoft Partners announce the launch of a unique and scaling IT-training program ucode. It was developed based on the Challenge Based Learning methodology, which was initiated by Apple and used at Apple Developer Academy. The training is based on real challenges, overcoming which students alone or in teams find ways to solve everyday problems.
“In today’s world, up-to-date knowledge and skills, multiplied by teamwork, are of paramount importance to people, countries and companies. That is why we strive to make modern basic IT education accessible in Ukraine. Ucode will open up opportunities for you to quickly gain the profession you need and earn a decent living. It’s a core intellectual product in the UNIT.City Innovation Park ecosystem in Kyiv and Kharkiv. But in the future, we and our partners plan to scale it not only in Ukraine but also abroad,” Vasyl Khmelnytsky, founder of UFuture, said.
“In addition to mastering languages and programming techniques, ucode graduates will receive soft skills, effective teamwork skills thanks to peer training, product and entrepreneurial thinking, speeches by practicing IT specialists from leading Ukrainian and foreign companies, a portfolio of more than 10 projects and guaranteed employment,” Vitaly Gorovoy, founder of InSoft Partners, said.
Anyone over the age of 17 years can join the program, and with a level of English not lower than Intermediate, regardless of the level of education and profession. The training starts on March 30 in Kyiv and Kharkiv. The first set of programs is designed for 400 students. Training will be conducted on a paid basis and will last 16 months. More information is available at the following link.
ADDITIONAL INFORMATION
UFuture — is a holding company of Ukrainian entrepreneur Vasyl Khmelnytsky that integrates his business and impact-investment projects. The company has a diversified portfolio of assets in the fields of real estate, infrastructure, industry, renewable energy, pharmaceuticals, and IT.
InSoft Partners — a niche investment management company that focuses on the IT business. Having a team with extensive experience in the development of IT companies, InSoft Partners joins the operating activities of portfolio companies, contributing to their active growth (through lead generation, changing business processes, etc.).
The State Agency of Automobile Roads of Ukraine (Ukravtodor) and the Turkish company Onur Taahhut Tasimacilik İnsaat Ticaret Ve Sanayi Anonim Sirketi (Ankara) have signed a contract for the construction of a bridge in Zaporizhia. According to an Interfax-Ukraine correspondent, the corresponding document was signed by Ukravtodor Head Oleksandr Kubrakov and the representatives of Onur Taahhut at a meeting on March 3.
“We expect that work will begin next week. The agreement that was signed is designed for four years, but we have our internal terms … We expect it to be two years,” Kubrakov said after the signing ceremony.
As reported, the Turkish company Onur Taahhut Tasimacilik İnsaat Ticaret Ve Sanayi Anonim Sirketi won a tender for the construction of a bridge in Zaporizhia with an offer of UAH 11.918 billion.
Onur Taahhut was founded in 1991. It is engaged in construction of roads, bridges, junctions, structures and road reconstruction work. The company has successfully implemented important projects in Croatia, Ukraine, Tunisia, Moldova, Oman, Equatorial Guinea, and Turkmenistan. It has experience in the implementation of construction and assembly works at infrastructure facilities throughout Ukraine.
Patients with acromegaly demand that a register of people with orphan (rare) diseases be created on the basis of the eHealth system and their disease be included to budget-funded programs.
They said this during a press conference, which was hosted by the Interfax-Ukraine News Agency on Tuesday.
“It is necessary to create a register of people with orphan diseases on the basis of the eHealth system, develop and approve a patient pathway, create a specific program on acromegaly and a separate budget for it. It should have a package approach, including surgery procedures, beam therapy and medication, as well as training of family doctors (for dealing with acromegaly). We will also demand that our non-governmental organization be included to all permanent working groups for procurement of medicines,” President of NGO Ukrainian Pituitary Foundation Andriy Putnikov said.
He also noted that there is a need for assessment of medical procedures as an effective instrument for treatment using innovative solutions within the framework of limited financing.
“Despite the law and instruction of the Cabinet of Ministers No. 160 dated March 31, 2015, which provide for guarantees for people with acromegaly regarding regular lifetime treatment, in fact such patients are not provided in full or not provided at all with medicines. The reason is the lack of the state register, hence the majority of acromegaly cases are treated without a system approach and ineffectively,” he said.
Putnikov also complained about the absence of multidisciplinary clinics and the lack of domestic standards for diagnostics and treatment of acromegaly.
In turn, endocrinology expert of the Health Ministry of Ukraine Iryna Kondratska said that it is necessary to train family doctors as patients with acromegaly contact them first in case of necessity.
“Nobody diagnoses acromegaly. The problem is that there is no awareness and information. We have a disastrous situation – 844 patients with acromegaly are officially registered in Ukraine today,” she said.
Kondratska added that there are successful cases of the programs for treatment of this disease in Zakarpattia regions and Kyiv.
At the same time, member of the Ukrainian medical expert community Tetiana Koba said that assessment of medical procedures could be used as an instrument for doctors to purchase necessary medicines for treatment of the disease in regions.
“We have only one solution – either instruction No. 333 (currently No. 1172 dated December 4, 2019) excluding the grounds for assessment of medical procedures should be amended or an instruction or a method of assessing medical procedures should be developed as soon as possible. We have to give doctors an instrument using which they could buy necessary medicines at the local or national level,” he said.
Doctor of Medicine, Professor Mykhailo Kyryliuk, who is a neuroendocrinology expert, emphasized that treatment of a patient with acromegaly could cost the government at least UAH 8,000 per month.
“For example, the average cost of treatment of such a patient in the United States is $24,000 per annum, of which $17,000 [is spent] on medical services and the rest – on medicines. […] Our government cannot allocate such money. The minimum cost of a surgery for such a case is UAH 45,000,” he said.
Putnikov also noted that today acromegaly patients pay from $3,000 to $5,000 for surgery at the Neurosurgery Institute in Kyiv.
Primary registrations of new passenger cars in Ukraine in February grew by 21% compared to February 2019, to almost 7,000 units, which is slightly less than in January 2019 (7,100 units), the Ukrautoprom association has reported. According to the data on the website, Renault became the leader of registrations, as in February of 2019, surpassing Toyota, the leader in January 2020, with an increase in sales by almost 68% compared to February of 2019, to 1,223 units. In turn, Toyota increased the sale of cars by 52%, to 1,089 units.
In January 2020, the third position from the fifth took KIA, which in February of 2019 also occupied the third line of the rating. However, the registration of KIA fell by 20%, to 479 units in February.
Skoda takes the fourth place with 368 cars (4% more compared with February 2019), while Nissan closes the top five with 9% down in primary registrations, to 361 cars.
The compact crossover Toyota RAV4 again became the month bestseller, as 482 customers chose this model in February.
As reported, with reference to the data of Ukrautoprom, in 2018 new passenger car market could not exceed 2017, as primary registrations decreased by 0.6%, to 81,800 units.
However, in January 2020, according to Ukrautoprom, the market showed a 35% increase compared to January 2019, to 7,100 units. At the same time, 28,300 units of used imported cars were registered.
Market experts suggest that in 2020 the new passenger car market will be able to reach or exceed the mark of 100,000 cars sold.
