Borschagivsky Chempharmzavod PJSC (BCPZ, Kyiv) has reduced its net profit by 24.8% to UAH 254.275 mln by the end of 2022.
As the company reported in the information disclosure system of the National Commission on Securities and Stock Market (NCSSM), the company’s shareholders will consider the financial results for 2021-2022 at a remote meeting on December 26.
The meeting will also consider the payment of dividends for 2022 in the amount of UAH 34.158 mln, the amount of dividends per share will be UAH 3,300. Dividends are expected to be paid directly to shareholders to their bank accounts by June 26, 2024.
As reported, BHFZ’s net profit for 2020 increased by 1.7 times to UAH 332.847 mln compared to 2019.
As of the first quarter of 2023, 31.8% of BHFZ shares belong to the pharmaceutical company PJSC “Pharmaceutical firm “Darnitsa” (Kiev). According to the Opendatabot system, the ultimate beneficiaries of BHFZ are also the beneficiary of Darnitsa Pharmaceutical Company Gleb Zagoriy, Yevhen Sova and Tetyana Artemenko.
Investment company Concorde Capital has invested about UAH 200 million in the project of cottage town “O.Krasa” in Irpen and allows further investment, the head of Concorde Capital Igor Mazepa told Forbes Ukraine.
“Under UAH 200 million (already invested – IF-U). I hope that this is all. But in fact I would proceed from the fact that potentially we will have to invest the same amount more. This is our first investment in the project from scratch since the beginning of the war,” Mazepa said.
According to him, the investment company is implementing the project together with the developer Svitlo Development of businessman Sergei Krikun and the construction group “Vidvazhnyh” ex-mayor of Irpen Vladimir Karplyuk and his business partner Vladimir Spivak.
“We came together on pure business interest. Karplyuk is a comfortable and understandable partner. The plot and the idea is his, from me – money and formation of working capital,” he explained.
Mazepa pointed out that currently 50 objects are under construction, 32 of which have already been sold. In total, the first phase includes 200 objects of various formats: townhouses, townhouses, duplexes, cottages.
“After the beginning of the war in Irpen registered 15 thousand migrants from the east of Ukraine. Now there may be more. 2 thousand houses or apartments were destroyed or damaged because of the hostilities. We proceeded from the assumption that with our offer we will be able to meet the demand of both native and new residents of Irpen. This assumption is still being realized”, – said the businessman, noting that about one third of the objects in the project are adapted for participation in the “eOsela” program.
Answering the question about cement business, Mazepa pointed out that the production volume of two plants of the company “Krivoy Rog Cement” at the end of the year will be about 780 thousand tons with a capacity of 1.6 million tons. He said that Concorde Capital plans to make capital investments of “tens of millions of dollars” in this area, including reducing the share of coal in energy consumption through processing, as well as expanding capacity to 2 million tons of cement per year.
According to LUN, the area of the cottage town “O.Krasa” is 60 hectares. In addition to housing, the territory will accommodate cafes, stores, public and recreational spaces, children’s center and school, SPA-center and sports grounds, business center and co-working, medical center “Dobrobut”.
The project was developed by the architectural bureau “Modus”. Completion of the first district of the town is scheduled for the summer of 2025.
The American Chamber of Commerce in Ukraine presented the 2023 Thanksgiving Awards to Ukraine’s defenders fighting for freedom, sovereignty, and independence, and to the American people for their support of Ukraine and Ukrainians during Russia’s full-scale invasion. The awards were presented during a Thanksgiving dinner in downtown Kyiv.
240 top executives of American and international Chamber member companies, partners, friends, and stakeholders gathered in downtown Kyiv for the 2023 American Chamber of Commerce in Ukraine Thanksgiving Dinner during the war. The event demonstrated the resilience and commitment to Ukraine and its recovery, and sent a clear message to the world – the business community working on the ground is grateful to those who support Ukraine on its path to victory, and Ukraine is open for business.
“On this Thanksgiving Day, we express our gratitude to the brave defenders of Ukraine who are fighting for the freedom and preservation of the Ukrainian nation. We are honored to be inspired by their heroism, which shows the world what true bravery is. We are grateful to the united American people for their unwavering commitment and support of Ukraine on its path to victory. Together to victory,” commented Andy Hunder, President of the American Chamber of Commerce in Ukraine.
U.S. Ambassador to Ukraine Bridget Brink received the award on behalf of the American people. As Ukraine moves forward on its path to victory, the world has witnessed the unwavering commitment of the American people, the U.S. government, and U.S. business leaders to Ukraine and the enduring partnership between the two countries.
“AmCham members continue to invest in Ukraine and play a vital role in the economic recovery. The Government of Ukraine and the private sector, working together, can help Ukraine implement reforms, create a vibrant economy, and realize its Euro-Atlantic future. Together, we can ensure that Ukrainians have the freedom to determine their own future,” said Bridget Brink, United States Ambassador to Ukraine.
In 2015, the American Chamber of Commerce launched the tradition of celebrating Thanksgiving in Ukraine. The Chamber member companies recognize organizations, projects, and individuals who have made a significant contribution to the development of a favorable business and social environment in Ukraine, promoted the country on the international stage, and made efforts to make it prosperous.
The American Chamber of Commerce in Ukraine has many people to whom it is grateful, people who are changing Ukraine every day, bringing Ukraine’s victory closer, and making it a better place to do business.
Please see details on who received the Thanksgiving Recognition in 2022 and previous years.
About the American Chamber of Commerce in Ukraine:
The American Chamber of Commerce in Ukraine (the Chamber) is the leading international business association serving 600+ member companies in Ukraine since 1992, delivering the unified voice of the best American, international and Ukrainian companies that have invested over $50 billion in Ukraine and remain committed to the country.
Contact person:
Yuliana Chyzhova, Chief Public and Media Relations Officer at the American Chamber of Commerce in Ukraine, ychyzhova@chamber.ua
TikTok is one of the most popular social networks in the world, which has become a platform with huge competition over time, and every video fights for the audience’s attention. To attract views, likes, and subscribers, you’ll have to put in a lot of work to promote your content.
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On November 18-19, 2023, the National Squash Cup of Ukraine 2023 tournament will be held at the courts of the SPORT LIFE fitness center in Kyiv with the assistance of the Ukrainian Squash Federation and the Ministry of Youth and Sports of Ukraine.
The competition is held to popularize a healthy lifestyle and determine the best squash players in Ukraine.
The tournament will take place for 2 days in 7 categories:
Men, Women, Boys under 11, Girls under 11, Boys under 13, Girls under 13, Boys under 15.
A total of 130 players will take part in the tournament.
Players from Kyiv, Lviv, Kherson, Kharkiv, Dnipro, Khmelnytskyi, Poltava, and Odesa will take part in the tournament.
The competition will be held at 8 Samaila Koshky St., Kyiv.
Competition schedule:
Saturday, November 18, 10.00 – 20.00
Sunday, November 19, 10.00 – 18.00
The honorary guests of the competition will be Matviy Bidnyi, Minister of Youth and Sports of Ukraine, Georgiy Zantaraya, World Judo Champion, Head of the NOC of Ukraine Athletes Commission, Kyiv City Council member, Yulia Khan, Director of the Department of Youth and Sports in Kyiv, Stanislav Medvedenko, two-time NBA champion with the Los Angeles Lakers.
The awarding ceremony will take place on Sunday, November 19 at 18.00 in the SHEF restaurant.
“The Ukrainian Squash Cup 2023 is the most famous tournament in independent Ukraine. The scale of the championship is evidenced by both the number of participants and the large number of organizations involved in the preparation and holding of the competition.
The main organizer of the tournament is the NGO Squash Federation of Ukraine.
The main fitness partner of the event is the Sport Life fitness club network.
The main media partners of the tournament are Interfax-Ukraine and the Experts club analytical center.
Prizes and gifts from REIMA, TECNIFIBRE and EYE.
The official medical partner of the tournament is the ADONIS clinic network.
The official water of the tournament is KRAINA.
The official hotel of the tournament is FAVOR.
The partner of the party and awarding ceremony is the SHEF restaurant.
The state-owned enterprise Forests of Ukraine has increased its profit to UAH 2.6 billion following the results of nine months of work, the company’s director general, Yuriy Bolokhovets, has said.
“This is ten times more than the industry earned before the reform, in the times of state forestry enterprises. We send the lion’s share of profit to the state budget. These are funds for new weapons, ammunition, military salaries,” he noted.
According to the press service of the enterprise, for nine months “Forests of Ukraine” transferred to the state budget 4.7 billion UAH, which is 1.1 billion UAH more than last year. Hundreds of millions more hryvnias the enterprise invested in new equipment for the AFU.
“The record profit was achieved in a falling market. The situation in the timber market has not improved. Compared to last year, the average selling price of an impersonal cube of untreated wood fell from UAH 1.8 thousand to UAH 1.7 thousand. We also gave up our own processing – realization of sawn timber by branches of SE decreased from 2.8 to 2.1 billion UAH”, – explained Bolokhovets.
According to the head of the company, the profit of SE has increased due to detenization and increased efficiency of the state enterprise. The majority of purchases have been transferred to Prozorro, which allowed to eliminate gaps in timber sales related to direct contracts – products are sold at the established competitive market prices.
It is noted that customers are offered additional services, in particular, loading and customs clearance of products. The level of fulfillment of exchange contracts has increased to almost 90%. Services of contractors for harvesting and other works have been standardized, and boundary prices have been introduced.
In addition, the electronic accounting system was improved, which made it more difficult for illegal timber to enter the market, and the demand for legal products increased accordingly. Also, all non-purpose expenses of branches such as “paving stones” were reduced.
State Enterprise “Forests of Ukraine” standardized the staff of branches and reduced unnecessary administrative staff, as a result of which it replaced almost half of the branch managers.
The company has also decided and sells subsidized facilities through the State Property Fund.
“Really counteract fictitious works and services, which in the times of leskhozes were a common phenomenon. We have abandoned the use of expensive and inefficient financial instruments, which previously often led to the leaching of funds from state forestry enterprises – for example, the lease of equipment at unreasonable rates,” – summarized Bolokhovets.
As reported, the state specialized economic enterprise “Forests of Ukraine” is one of the largest forest users in Europe and the largest in Ukraine. It is under the management of the State Agency of Forest Resources of Ukraine. The company manages 6.6 million hectares of state forest lands.