Lithuania’s Snaige, the sole manufacturer of household refrigerators and freezers in the Baltic states, saw a 16.7% rise in revenue in Ukraine in January-September 2019 year-over-year, to EUR 5.38 million. According to the published annual statements of the company, the loss of Snaige in Ukraine for this period amounted to EUR 3,000.
In total, Snaige’s total revenue for the first nine months of this year amounted to EUR 25.96 million compared to EUR 26.98 for the same period last year. The largest sales were in Western Europe totaling EUR 10.22 million (EUR 10.73 million last year).
In Ukraine, in 2018, Snaige posted a EUR 3,000 loss, while in 2017 net profit was EUR 1,000, revenue decreased 20.8%, to EUR 6.01 million.
Founded in 1963, Snaige is currently controlled by Polair, a Russian manufacturer of refrigeration equipment. Its production capacity is 550,000 refrigerators and freezers per year.
Snaige-Ukraine LLC was established in 2002.
Germany’s STADA pharmaceutical company is acquiring pharmaceutical business of prescription and OTC preparations of Biopharma blood product manufacturer. According to a STADA press release on Monday, Biopharma’s pharmaceutical business will become an integral part of STADA in Ukraine and has strong growth potential in the production of high-quality prescription and OTC drugs. The agreement provides for the acquisition of production facilities in the city of Bila Tserkva (Kyiv region).
Biopharma shareholders will preserve the company’s plasma processing business and focus on its development both in Ukraine and abroad. To acquire it STADA must obtain permission to merge in Ukraine.
The transaction is expected to close in December 2019.
STADA’s Ukrainian business will be led by newly appointed CEO Borys Labensky.
Biopharma President Kostyantyn Efymenko, together with partner Vasyl Khmelnytsky and financial investors, will focus on developing the Biopharma plasma processing business, developing the new Biopharma plasma fractionator and a network of modern blood collection centers and expanding its presence in international markets.
National bank of Ukraine’s official rates as of 02/12/19
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of December 02
One troy ounce=31.10 grams
Epicenter K LLC (Kyiv), developing the chain of eponymous shopping centers in Ukraine, opens a shopping center in Ternopil, which will become the largest facility of the chain in the region, after its reconstruction and completion. The retailer’s press service reported on Friday that the area of the shopping center built in 2008, after the reconstruction, increased 1.5 times, to 25,000 square meters.
“Thus, the company continues the program of reconstruction of shopping centers in the chain, which began in 2015. For four years, 13 facilities have already been reformatted into innovative shopping centers. By the end of the year, plans are to open three more new and reformatted shopping centers,” the press service said.
According to the press service, in the facility, among other things, an Intersport multi-brand sports goods chain store will be opened on an area of 605 square meters. Among the largest departments are “Garden” (3,600 square meters), “Building materials” with outdoor areas (2,700 square meters), “Wood products” (2,000 square meters).
In addition to renovations of departments, improved and internal navigation, many nuances were taken into account for the convenience and comfort of customers. The facility also includes a goods distribution center of the 27.ua online store and a parking area for 650 cars.
Epicenter K LLC was established in 2003 and opened the first hypermarket in Kyiv in December of the same year.
Ukraine as of November 28 had threshed 74.3 million tonnes of grain and leguminous crops from an area of 15 million hectares, exceeding the result of the grain harvest for the whole of 2018, when the gross harvest amounted to 70.1 million tonnes. “Some 74.3 million tonnes of grain and leguminous crops were harvested from an area of 15 million hectares, or 98% of the forecast, with the average yield being 4.93 tonnes/ha (4.7 tonnes/ha in 2018),” Minister of Economic Development, Trade and Agriculture Tymofiy Mylovanov said on his Facebook page.
As reported, the Ministry of Economic Development, Trade and Agriculture predicts grain harvest in 2019 at the level of 74 million tonnes, including 28.1 million tonnes of wheat and 35 million tonnes of corn.
