Management company Astrobuild, the ultimate beneficiary of which is entrepreneur Vasyl Khmelnitsky, has consolidated under management the industrial assets of two industrial parks – Belaya Tserkva and Belaya Tserkva 2 – projects of Khmelnitsky’s holding company UFuture.
According to the press release of IP “Bila Tserkva” on Wednesday, the consolidation process was finalized by signing an agreement of the initiator of the creation of IP “Bila Tserkva 2” with the management company Astrobuild, which became the management company of IP “Bila Tserkva” earlier this year.
“This company is a professional developer, performs construction and service works on the territory of the IP and adjacent areas owned by the initiator of the creation of the IP, actively helps in attracting residents, so it is logical that the list of areas of cooperation was expanded”, – explained to the agency “Interfax-Ukraine” the conclusion of contracts with the new management company.
According to the director of FE “Bila Tserkva” Andrey Ropitsky, which are cited in the press release, the purpose of consolidation is to create a more effective mechanism for managing the portfolio of assets of FE “Bila Tserkva” and “Bila Tserkva 2”, centralization of some service and management functions.
According to the information in the press release, in particular, the full development of IP “Belaya Tserkva 2” should create more than 1100 new jobs, with an annual payroll of more than UAH 400 mln.
The total investment in its full development and functioning will amount to about $154.9 million.
“In terms of 1 hectare of IP territory it is from $4.5 mln to $6.6 mln depending on the stage of park development. If all the works planned by the business plan are performed, the IP will generate up to UAH 30 million of taxes and fees per year for Bila Tserkva community,” the report says.
The press service notes that to achieve this indicator in 2024 attracted the first resident and began work on the development of the territory of the industrial site for new construction.
“On the territory of the IP is planned to build production and warehouse premises”, – specified to the agency in the press service, noting that given the fact that the territory of the Kiev region periodically falls under enemy attacks ballistics or drones, information about construction plans is disclosed only with the consent of residents.
In turn, the business plan of Bila Tserkva, where only 33% of the land area (12 hectares) remains free for lease or sale, has not undergone significant changes.
On the developed territory of the park 41 square meters of production and storage facilities were built and 14 residents were attracted, including Unilever, InTiCa Systems, Pripravka, as well as companies that became residents before the full-scale military invasion of Russia in Ukraine – logistics office of “Novaya Posta”, a complex of storage of sod “Volytsya Agro”, a factory of electrical fittings Plank Electrotechnic, a manufacturer of high-rise stepladders Virastar.
About $50 million has been invested in the development of the IP “Bila Tserkva”, and its concept provides for the construction of additional 52 thousand square meters of industrial buildings and attraction of another $47.5 million of investment.
The press service of the agency noted that information about all residents of the park is not disclosed for security purposes.
IP “Belaya Tserkva” and “Belaya Tserkva 2” were included in the Register of industrial (industrial) industrial parks in 2018. They offer industrial land with all engineering and transportation infrastructure, as well as production and warehouse buildings and logistics complexes for lease or purchase.
Astrobuild LLC has developed more than 10 hectares of industrial land and commissioned more than 12,000 square meters of production and warehouse space since its establishment in 2019.
The founders of the company, according to Clarity Project, are two closed-end venture capital corporate investment funds, Navis and Yufuche Ventures, with Vasily Khmelnitsky as the ultimate beneficiary.
The Association “Insurance Business” (ASB) opposes the increase of income tax, which is included in the draft law No. 11416 “On Amendments to the Tax Code of Ukraine and other laws of Ukraine on the peculiarities of taxation during martial law”. In the opinion of the ACB, which its representatives made public during the meeting of government and business representatives, the bill creates conditions for disproportionate pressure on bona fide businesses and employees. At the same time, the new type of turnover tax will complicate the already complicated administration of taxes and fees, creating new corruption risks.
In addition, the draft law lacks measures to combat the shadow economy and measures to improve the efficiency of the State Tax Service. Such factors will lead to discrimination of bona fide business and contribute to the growth of the shadow economy, the Association’s website says.
In addition, the developers of the bill do not take into account the negative consequences of its adoption, which will be in the reduction of business activity, which will lead to a decrease in the total taxable base, an increase in the risks of shadow economy and the introduction of various tax optimization schemes, which automatically raise the risks of corruption, according to the ASB.
Vyacheslav Chernyakhovsky, Director General of the Insurance Business Association, speaking at the meeting, noted that the insurance market already bears the burden of double taxation: 3% of gross insurance payments and 18% of income tax on a common basis.
“Our Association has conducted research on the basis of insurers’ reporting data for 2023, made public by the National Bank of Ukraine. We proved on figures that 3% tax on income means more than 35% on profit. This will have a particularly negative impact on those life insurance companies that are engaged in accumulative life insurance”, – warned Chernyakhovskyi.
According to him, if this is extrapolated to the economy as a whole, the introduction of an additional 1% tax on income in the form of a military levy corresponds to an increase of 12 percentage points in corporate income tax on the general taxation system, which would correspond to a general rate of over 30%.
Ukrainian business calls on the government and people’s deputies to take into account the proposals of the business community, to hold a professional discussion of alternatives to fill the budget and possible cuts in expenditures and to jointly work out a decision on the sources of budget revenues, the report says.
Private JSC “Insurance company “Nadiyna” (Kyiv) in January-March 2023 collected gross insurance premiums in the amount of UAH 17,8 mln, which is 50,7% less than in the same period a year earlier. This is evidenced by the data in the information of RA “Standard-Rating” on updating of the company’s credit rating/rating of financial stability (reliability) of the insurer at the level uaA+ according to the national scale.
Thus premiums from individuals have amounted to UAH 0,054 m, and premiums from reinsurers have been absent. Thus, following the results of Q1 2024 the client portfolio of the insurer on gross premiums has been mainly represented by legal persons.
Insurance payments sent to reinsurers, in Q1 2024 compared to the same period of 2023 have decreased by 49,39% – up to UAH 10,220 mln The ratio of reinsurers’ participation in insurance premiums has grown by 1,53 p.p. – to 57,41%.
Net premiums of the insurer following the results of Q1 2024 compared to Q1 2023 have decreased by 52,44% to UAH 7,581 mln, and earned premiums – by 50,42% to UAH 8,111 mln.
The volume of insurance payments and indemnities made in the reporting period compared to the same period of 2023 has grown in 2,26 times – up to UAH 4,170 mln. Thus, the level of payouts has increased by 18,32 p.p. – up to 23.43%.
At that, the company’s activity has been profitable. Thus, the profit from operating activities of the insurer amounted to UAH 2,183 mln, and net profit – UAH 2,087 mln.
Assets of the company on April 1, 2024 have grown by 0,21% – to UAH 76,025 mln, shareholders’ equity has shown growth by 3,16% – to UAH 66,625 mln, liabilities have decreased by 16,67% – to UAH 9,4 mln, cash and cash equivalents have decreased by 2,01% – to UAH 40,314 mln. According to the company’s website, it was registered in the Unified State Register of Legal Entities, Physical Entrepreneurs in 2006. Its authorized capital is 15 million UAH. Its shareholders are eight individuals – residents of Ukraine and one legal entity – LLC “Agroholding 2012”.
PJSC Ukrhazvydobuvannya (Kiev) on August 7 announced a tender for compulsory insurance of civil liability of owners of land vehicles (OSAGO).
As reported in the electronic public procurement system ProZorro, the expected cost of purchasing services is UAH 3.227 million.
The deadline for submission of documents is August 14
The winners of a similar tender a year earlier was IC “VUSO”.
The largest Ukrainian chain of one dollar stores “Aurora” intends to open 400 new stores at the end of this year and reach 2 thousand outlets in Ukraine by the end of the next year, said the CEO of the network Taras Panasenko.
“In June we opened 40 stores, in July – 24, in August will be more than 30. The plan for this year is 400 stores, we fulfill it in principle. Today, together with Romanian stores we have already passed the figure of 1.5 thousand stores, 25 of them in Romania and more than 1480 in Ukraine. The plan in Ukraine is 2.5 thousand stores. I think that at the end of next year we will definitely exceed 2 thousand stores, and in 2026 we will reach the goal,” – said Panasenko at the Business Breakfast from Forbes Ukraine on Wednesday.
According to him, next year the chain plans to enter the Moldovan market, and in 2026 to expand to other markets, considering the Balkan countries.
In addition, the company intends to develop new formats in the network, as well as digital business. In particular, a new format store was opened in Kiev – with a larger area, children’s and beauty departments, as well as an area for a quick snack.
“Aurora is also continuing its development in waste sorting and recycling: it plans to open waste sorting points in two cities by the end of the year. Currently, such a point is functioning in Poltava.
According to Panasenko, the network’s revenue grew by 55% in the first quarter. The company has the same plan for the second quarter, despite the problems with electricity in July.
“We finished the first quarter as planned – we made 55%. I think the second quarter will be the same. Of course, the power outage and atypical heat wave in July had a significant impact. During this period we fulfilled the plan by 85-90%, but now the situation has normalized,” explained the businessman.
“Aurora” was founded in 2011 by Lev Zhidenko, Taras Panasenko and Lesya Klimenko. The main office of the retail chain “Aurora” is located in Poltava. Today the chain has more than 1400 stores in Ukraine and 25 in Romania.
According to Opendatabot, the owner of Vypodnaya Bukupa LLC, which develops the chain, is listed as the Cyprus-based Auroritail Investments Limited, with Zhidenko as its beneficiary. The Cypriot company is also the owner of Prior Development LLC, Seven A LLC, Industrial 9 LLC and Yes LLC.
According to the results of 2023, the net profit of the network amounted to UAH 4.1 billion, net income – UAH 27 billion.
Energy imports, forecast, billion dollars
Source: Open4Business.com.ua
