Business news from Ukraine

Business news from Ukraine

“Astarta” has started sowing winter rape for season-2024

Agrofirm Dobrobut from the group of companies of Astarta agro-industrial holding Astarta, the largest sugar producer in the country, has started sowing winter rape for the season-2024.

According to information on the website of the Warsaw Stock Exchange (WSE), the agroholding will reduce the area under rape by 12% in the new season and will allocate 12,000 hectares to it.

“Compared to last year, we reduced the sown area under rapeseed by 12%, but only at the expense of crop rotation,” the press service quoted Astarta’s director of agricultural production Vadim Skrypnyk as saying.

He noted that for the Poltava region, which is always subject to unfavorable weather conditions in summer, sowing winter crops is the least risky and allows you to get good yields. “In addition, we have noticed that early sowing brings a positive effect. Therefore, this year we start sowing earlier where possible,” he added.

According to the agricultural holding, Astarta will start sowing somewhat later in the western regions of the country due to a delay in winter wheat harvest due to weather conditions.

“Astarta is a vertically integrated agro-industrial holding operating in eight regions of Ukraine. It includes six sugar mills, agricultural farms with a land bank of 220,000 hectares and dairy farms with 22,000 cattle, an oil extraction plant in Globino (Poltava region), seven elevators and a biogas complex.

In the first half of 2023, Astarta’s revenue from sales of key products increased by 64.8% year-on-year to UAH 10.72 bln. The main contribution was made by sales of sugar – UAH 3.27 bln, which increased by 75.5%, corn – UAH 2.66 bln (+53.2%) and soybean meal – UAH 1.96 bln (+84.5%).

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Another vintage drinks tasting seminar was held at Experts Club

On Friday, July 31, the conference hall of the Kyiv-based think tank Experts Club hosted the fourth scientific and practical seminar-tasting of vintage drinks for people aged 20 to 80. The event was attended by Ukrainian and international wine experts, retailers and media representatives. Ricardo Nuñez, one of the world’s leading winemakers and an investor in the Ukrainian wine industry, was the guest of honor.

Igor Magalyas, a leading expert collector of vintage alcoholic beverages, introduced the participants to his collection, which includes the most popular Ukrainian and European brands of wines and brandies, including:

1. Italian wine Muscat, produced in 1999, which has a unique bouquet, characterized by luxury and depth.

2. Black Doctor 2005 – a wine with a wonderful multi-component aroma, which harmoniously combines the tones of dark grapes.

3. Massandra sherry made in 1983 is a unique wine from the Crimea, famous for its palette of aromas and flavors.

4. Sicilian semi-dry Marsala of the 1990s – this drink gives off a feeling of rich flavor, complemented by notes of cherry, fruit and vanilla. Marsala is considered one of the most famous Italian wines and is a symbol of Sicilian winemaking.

5. Green apple liqueur from the 1970s – this drink is attractive for its fresh and fruity aroma, with a balance of acid and sweetness. Its unique flavor evokes memories of summer, green apples and outdoor picnics.

6. Apricot liqueur of the 1980s is a sweet, but not over-colored drink that explodes with natural apricot flavors.

7. Poncho 1974 is a citrus alcoholic beverage with a unique flavor bouquet that combines the acidity of lemon, orange and grapefruit with light notes of spices. Made according to a traditional recipe, Poncho is a classic of cocktail culture.

8. Bobadilla 103 Sherry Brandy 1977 – with an unsurpassed bouquet of vanilla, caramel and nuts, this brandy is a model of sherry style. It has a balance between sweet and dry, with a rich and intense flavor.

9. Terry Centenario Sherry Brandy 1975 is a perfect representative of Spanish sherry, known for its deep aroma, with notes of nuts, fruits and spices. Its rich, delicious flavor and long aftertaste are the unique features of this exceptional drink.

10. Sherry brandy from the 1950s is a true relic of the past, with a rich and intense flavor that includes notes of caramel, nuts and dried fruit. This old sherry brandy is a reminder of the long and glorious history of winemaking in Spain.

The most intriguing part of the tasting was the rare dessert drinks, which are a real “living museum” of the alcohol industry of the 1970s. These are four special drinks: grapes, cherries, plums and raisins infused in different types of brandy and liqueurs. Among them, the Muscat raisin grappa was especially appreciated by experts, as it is distinguished by its unique bouquet.

High-quality gastronomic pairings for the drinks presented during the tasting program were provided by one of the best Ukrainian meat producers, Karapyshivski Kovbasy, a trademark of the company.

Igor Magalyas noted that all the presented drinks are in an affordable price segment, and their cost does not exceed the cost of modern vintage alcohol in Ukrainian supermarkets.

“These drinks were purchased by collectors in Europe at auctions or sales of private collections. They have a number of flavor and quality advantages over modern drinks,” he said.

Maxim Urakin, the event’s organizer, emphasized the importance of systemic support for Ukrainian winemaking.

“Long-standing Ukrainian-made beverages have traditionally been at the top of our experts’ preferences. However, without new systemic efforts by the government to support the industry, the situation will deteriorate. That’s why the Club of Experts analyzes the situation and provides its proposals in this regard,” emphasized Maxim Urakin.

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“Interpipe” transferred almost UAH 1.8 bln to budgets of all levels

According to the results of January-June of the current year, the Ukrainian industrial company Interpipe transferred almost UAH 1.775 billion to budgets of all levels and extra-budgetary funds, which is 74% more than in the same period last year.

According to the press release of the company on Wednesday, the deductions to the state budget in the reporting period amounted to about UAH 1.289 billion (+130%), to local budgets – UAH 223 million (-5%). Another UAH 263 mln (+17%) was transferred as ERUs.

Serhiy Kuzmenko, Interpipe’s Director for Economics and Finance, noted that despite the difficult situation in Nikopol, the group is making a strong contribution to filling the state coffers, helping to keep the country’s economic front on track.

“Increased production of products with greater added value means the work of thousands of people in the frontline region and further growth in the payment of taxes,” stated Kuzmenko, quoted by the press service.

As reported, Interpipe in the first quarter of 2023 transferred to budgets of all levels and extra-budgetary funds almost 623 million UAH, which is 3% more than in the same period last year. Payments to the state budget for this period amounted to about UAH 406 million (+24%), to local budgets – UAH 107 million (-28%), another UAH 110 million (-14%) was transferred as ERUs.

“In 2022, Interpipe transferred UAH 2.816 billion to budgets of all levels and extra-budgetary funds. At the same time, deductions to the state budget amounted to about UAH 1.74 billion (-7% compared to 2021), to local budgets – about UAH 623 million (+1%). Another about UAH 454 mln (-4%) was transferred as ERUs.

“Interpipe” is a Ukrainian industrial company, a manufacturer of seamless pipes and railroad wheels. The company’s products are supplied to more than 80 countries through a network of sales offices located in key markets in the Middle East, North America and Europe. In 2022, Interpipe sold 384 thousand tons of pipe products and 87 thousand tons of railway products. Railway products are sold under the KLW brand.

Interpipe employs 10 thousand employees. In 2022, the company transferred UAH 2.8 bln to budgets of all levels.

The company’s structure includes five industrial assets: “Interpipe Nizhnedneprovsky Pipe Rolling Plant (NTZ)”, “Interpipe Novomoskovsk Pipe Plant (NMTZ)”, “Interpipe Niko Tube”, “Dnepropetrovsk Vtormet” and electric steel melting complex “Dneprostal” under the brand “Interpipe Steel”.

The ultimate owner of Interpipe Limited is Ukrainian businessman Victor Pinchuk and members of his family.

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External financing of state budget as of June 14, 2023, USD bln

External financing of state budget as of June 14, 2023, USD bln

Source: Open4Business.com.ua and experts.news

Government of Ukraine included Friendly Windtechnology into register of industrial parks

The Government of Ukraine has included the industrial park “Friendly Windtechnology” (Perechin, Uzhgorod district, Zakarpattya region) with an area of 16.5 hectares in the Register of industrial parks, the press service of the Ministry of Economy reported.

The corresponding decision was made at a government meeting on Tuesday.

According to the concept of the new industrial park, 745 new jobs should be created in the processing industry, professional-scientific and technical activities.

Predominantly local enterprises will be engaged in mechanical engineering and metalworking, the report said.

“The creation of new industrial parks is aimed at developing the processing industry, supporting Ukrainian exports, creating new jobs and filling local budgets,” the press service quoted Economy Minister Yulia Sviridenko as saying.

According to the Ministry of Economy, thus in the Register today there are 65 industrial parks.

As reported, last year Kramatorsk Heavy Machine Tool Plant, on the site of which produced wind turbines company “Furlander Windtechnology”, decided to relocate from Kramatorsk to Perechyn.

According to opendatabot, Friendly Wind Technology LLC (FWT) was registered in Perechyn in October 2022, with Vladyslav Eremenko as the ultimate beneficiary and manager.

According to the local press, the construction of a new workshop of the enterprise, which will be part of the industrial park, has recently started in Perechin. “Friendly Wind Technology” is engaged in the design and production of components for wind power plants.

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Nova Posta opens NovaTech innovation platform for partners

Nova Posta Group has created the NovaTech online platform to engage partners in developing innovative products and services together with its R&D division, the company’s press office said Tuesday.

“Using external ideas, sharing innovations through partnerships and combining new solutions will allow more to be gained by all participants,” the release quoted the head of Nova Posta’s R&D center as saying Eugene Khomenko.

It is noted that the development team is looking for partners in the following areas: robotization, sorting and customer service, artificial intelligence in service, computer vision, new generation packaging, as well as NovaTech is looking for developers of new services in branches and alternative transport for parcel delivery.

In addition, Nova Posta has organized an offline NovaTech studio, which is an open space with a co-working space, a laboratory, and a showroom. The total area of the studio is almost 900 square meters and is located on the first floor of the Atmosphere shopping center.

NovaTech has already started cooperation with partners such as Deus Robotics, a robot development and manufacturing company, Konsort, a manufacturer of production automation equipment, UIS, a developer of software for logistics automation, Disk Systems, a manufacturer of electronic automation solutions, and others.

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