Agro-Region has completed harvesting of winter crops from 12 thousand hectares, in particular, winter rape from 5 thousand hectares and winter wheat from 7 thousand hectares, the results of threshing exceeded the plan, the press service of the agro-holding reported on Facebook.
“The average yield of winter rape for the company amounted to 3.6 c/ha, which even exceeded the average yield of this crop for the last five years. Weather conditions allowed to get quality rape grain with minimal tillage, moisture and weed impurity in the base and meet the key contractual indicators”, – said the chief agronomist of the agricultural holding Yuri Lysak.
Speaking about winter wheat yield, he noted that the plan was also exceeded – by 10%.
“The average yield of winter wheat amounted to 6.6 tons/ha. At the same time, two clusters received yields of more than 7 tons/ha, the best result was shown by the Western cluster – 7.89 tons/ha,” Lysak added.
Winter wheat quality indicators (moisture content, gluten, protein and other parameters) are among the best in Agro-Region in recent years.
“73% of wheat is of second and third class. This is the result of proper selection of varieties and nutrition management,” stated the chief agronomist.
Agro-Region Agro Holding owns a land bank of 39 thousand hectares in Kyiv, Chernihiv, Zhitomir and Khmelnitsky regions. It specializes in crop production. It consists of 11 companies united in four crop production clusters. It has two elevators – Boryspil with a capacity of 73 thousand tons and Miropolskiy with a capacity of 52 thousand tons.
The annual harvest of grain and oilseeds of Agro-Region is up to 200 thousand tons.
Swedish company Lobiu Sala AB, owned by former Ukrainian Economy Minister Aivaras Abromavicius, in April 2021 received from the Antimonopoly Committee (AMCU) permission to purchase Swedish Agro Region Stockholm Holding, which manages Agro Region group of companies in Ukraine.
In the second quarter of 2024, Corteva Agriscience, an international agricultural research company, increased organic sales of Pioneer® corn and sunflower seeds by 20% and 9% year-on-year, said Oleksandr Dmytriyev, Head of Business at Corteva Agriscience in Ukraine, at a media club meeting in Kyiv.
According to him, organic sales of plant protection products in the second quarter of 2024 increased by 71% compared to the same period last year. At the same time, Corteva’s global organic sales and operating EBITDA increased by 2% to $6.2 billion and by 8% to $1.9 billion in Q2 2024 compared to the same period last year.
“Corteva works side by side with farmers, understands the difficult situation they have faced during the war, and is constantly looking for opportunities to support them in difficult times of war and help ensure the economy of Ukraine and food security of the world. During the 2023/2024 season, Corteva partnered with programs from the Howard G. Buffett Foundation and the Food and Agriculture Organization of the United Nations (FAO) to help farmers through the fall and spring planting campaigns. Together with financial institutions, we offer tools that provide special lending or subsidy terms, giving access to resources that are key to maintaining business profitability, and we are actively working with producers in the frontline areas of Sumy, Zaporizhzhia, Donetsk, Kherson, and other regions,” Dmitriev said.
Corteva Agriculture is a global agricultural company. It offers comprehensive solutions to maximize yields and profitability. It has more than 150 research facilities and more than 65 active ingredients in its portfolio.
The company’s presence in Ukraine includes the headquarters in Kyiv, a research center in Liubartsi village (Kyiv region) and a seed production complex in Stasi village (Poltava region).
In April 2022, the company decided to leave the Russian market due to the full-scale war against Ukraine unleashed by Russia.
Leaders of the insurance market of Ukraine in terms of premiums collected in January-June 2024 were insurance companies SG “TAS” (UAH 2.057bn), “Unica” (UAH 2.033bn), “ARKS” (UAH 1.955bn), “INGO” (UAH 1.527bn) and “Ukrainian Insurance Group” (UAH 1.409bn), according to the website of NASU.
It is noted that compared to 5M. 2024, IC “Unica” rose from the third position to the second, and IC “ARKS” took its place.
In the top-5 in the market of compulsory insurance of civil liability by collected premiums there have been no changes and following the results of six months of this year the leaders are SG “TAS” (UAH 642,3 mln), “Oranta” (UAH 605,1 mln), “Knyazha VIG” (UAH 473 mln), “ROM” (UAH 304,1 mln) and “VUSO” (UAH 201,6 mln).
The leaders in the market of “Green Card” on collected premiums for the reporting period are “TAS” (UAH 628,3 mln), “USG” (UAH 303,1 mln), “Knyazha VIG” (UAH 317,6 mln), “ROM” (UAH 258,6 mln) and “Oranta” (UAH 173,2 mln) (earlier the fifth position was occupied by IC “INGO”).
There have been no changes in the CASCO market, it is headed, as before, by IC “ARKS” (UAH 1,040 billion), “Arsenal Insurance” (UAH 865 million), “Unica” (UAH 533,7 million), “VUSO” (UAH 448,6 million) and “USG” (UAH 417,6 million).
At the same time among the leaders in voluntary health insurance there have been slight changes in the leadership, as before the top 5 in this segment is headed by IC “Unica” (UAH 907,8 mln), IC “Universalna” has risen from the fourth position to the second (UAH 386 mln), followed by IC “INGO” (UAH 342,5 mln), “ARKS” (UAH 277,7 mln), “VUSO” (UAH 270,3 mln).
According to PRIMA data, there were no changes in the leaders of the life insurance market in the first half of 2024. As before, the first position is occupied by IC “MetLife” (UAH 1,275 bln), IC “TAS” (UAH 330 mln), “Grave Life” (UAH 257,7 mln), “Unica Life” (UAH 203,5 mln) and “ROM Life” (UAH 186,7 mln).
As reported, as of the end of June 2024, 78 risk insurers operate in the insurance market of Ukraine, 12 specialize in life insurance, one – with a special status (“Export Credit Agency”, ECA).
Impact of electricity deficit on real GDP vs no deficit, % (forecast up to 2024)
Source: Open4Business.com.ua
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.
