Business news from Ukraine

Business news from Ukraine

“Kryvbassvibrohprom” increased tax payments by 51% to UAH 160.5 mln

In 2024, PJSC “Industrial and Production Association ‘Kryvbassvibukhprom’ increased the payment of taxes and mandatory payments to the budgets of all levels by 51% compared to the previous year, up to UAH 160.5 million.

According to the company, UAH 125 million of this amount went to the state budget and UAH 35.5 million to local budgets.

“The amount of payments to the budget increased by 51% due to the growth in the volume of work performed and, despite the difficult times of war, an increase in wages,” the press release states.

“Krivbassvibrokhprom provides blasting services in the quarries of Ukrainian mining companies. It is a major producer of emulsion and non-waterproof explosives. The company’s technological chain includes storage, processing, transportation and blasting operations.

According to the third quarter of 2024, Quarex Ltd. (Cyprus) owns 93.164% of the company’s shares, while SCM Group’s UMG holds 6.5619%.

The authorized capital of Kryvbassvibrokom is UAH 97.022 million, with a share par value of UAH 1.

Join UP! opens company in Czech Republic and launches office in Prague

Join UP!, one of the leaders of the Ukrainian travel market, is opening a company in the Czech Republic, with an office in Prague, the company’s press service toldInterfax-Ukraine.

“Entering the Czech market is an important stage in the brand’s development. Although this is the ninth country where we have started working since the creation of Join UP! tour operator in 2010 in Ukraine, this story is not only about growth for us. Scaling the Join UP! travel experience to other markets also reflects our commitment to transforming the travel industry and encouraging people to travel, because we sincerely believe that travel is not just entertainment, but also a way to take care of yourself and your loved ones, to live every day of your life to the fullest, despite all the challenges of recent years,” comments Alina Alba, co-founder of Join UP! Alina Alba, co-founder of Join UP!

It is reported that the new tour operator will soon present a summer selection of its top destinations to the Czech market. Among them are direct flights from Prague to Sharm el-Sheikh in Egypt, as well as to the Mediterranean resorts of Greece, Turkey, and Cyprus. It is also noted that from Katowice, Poland, the tour operator offers flights to Egypt, the Dominican Republic, Greece, Turkey, Tunisia, Bulgaria, Spain, Montenegro, and Cyprus. Such a flight program opens up additional opportunities for our compatriots to spend their holidays in the Czech Republic. In particular, from Ostrava, where there are many Ukrainians, it is an hour’s drive to Katowice, Poland, which is almost four times closer than Prague.

The Join UP! brand is developing on the principle of localism by combining a global strategy with the local cultural context. The brand’s international expansion already covers 8 markets: the Baltic States, Kazakhstan, Moldova, Poland, Romania, and the Czech Republic. Preparations for the launch in Slovakia and Hungary are nearing completion.

Also in Poland, in Katowice, in 2024, the brand opened the first franchise agency on the international market.

Join UP! LLC was established in 2013, with an authorized capital of UAH 72 million 671 thousand. The ultimate beneficiaries are Yuriy and Oleksandr Alba. In 2023, revenue increased to UAH 16 million 639 thousand, which is 2.3 times higher than in 2022.

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“Ukroboronprom” and Thales to set up joint venture

A document was signed on the margins of the Munich Security Forum, fixing the intention to create a joint venture between Ukroboronprom JSC and Thales International SAS, Ukrainian Minister for Strategic Industries German Smetanin said on Saturday.

“Ukroboronprom JSC and Thales International SAS have agreed to establish a joint venture, and have fixed these agreements on paper. The newly created enterprise will specialize in the creation of advanced technological solutions to enhance air defense, radars, REB means, tactical communications and optoelectronic systems,” he wrote in a Telegram channel.

As Smetanin noted, the Ukrainian defense industry has already cooperated with Thales for a long time. “I am glad that this cooperation is deepening to the creation of a JV. Thank you French partners for the support of our defense industry and the courage to work in Ukraine,” – added the Minister.

Earlier it was reported that the Minister of defense of Ukraine Rustem Umerov during a working visit to Brussels held a meeting with representatives of the company Thales Belgium, which since the beginning of the full-scale invasion “provides Ukraine with important support”.

According to the company’s website, Thales Group has developed its industrial and technological capabilities across Europe and has a broad portfolio of solutions including defense and security, aerospace, space, and digital identity and security. Thales also maintains a permanent presence in Brussels to serve the European institutions and NATO.

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IC “VUSO” will allocate UAH 45 mln for dividends

Shareholders of IC “VUSO” (Kyiv) at the meeting on February 12 decided to allocate UAH 44.959 mln of undistributed profit for 2023 to dividends, the company reported in the information disclosure system of the National Commission on Securities and Stock Market. As reported, the rest of the profit for 2023 in the amount of UAH 16.106 million is planned to be left undistributed. The total net profit of the company for 2023 amounted to UAH 61.065 mln.

Payment of dividends will be made in full directly to shareholders in the order established by the legislation within six months from the date of adoption of the relevant decision by the general meeting of shareholders.

IC “VUSO” was founded in 2001. The company holds 50 licenses: 34 – for voluntary and 16 – for compulsory types of insurance, is represented in all regions of Ukraine. It is a member of the Motor (Transport) Insurance Bureau of Ukraine (MTSBU), the League of Insurance Organizations of Ukraine, and also a member of the Nuclear Insurance Pool.

 

State Migration Service of Ukraine has clarified procedure for issuing passports to military conscripts abroad

The State Migration Service of Ukraine clarified that military-duty citizens of Ukraine, who submitted documents for execution until April 25, 2024 in the State Enterprise “Document”, will be able to receive manufactured passports abroad without presenting any additional documents.

“Male citizens of Ukraine aged 18-60 years old, who have submitted documents for passport production until April 25, 2024 in SE “Document”, will be able to receive manufactured passports abroad, without presenting any additional documents. Relevant messages indicating the date, time and place of issuance will be sent in the order of priority of document submission,” the statement reads.

According to the SMS, it transmits information about such persons to the Ministry of Defense of Ukraine, and they automatically become on the military registration without passing the military medical commission.

As reported, the Minister of Internal Affairs of Ukraine Ihor Klymenko said that today the mandatory condition for registration and obtaining passports by Ukrainian male citizens aged 18-60 years, who are abroad, remains “the presence of military registration documents”.

 

 

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Saudi Arabia supports idea of organizing meeting between Trump and Putin

Saudi Arabia has supported the idea of holding a meeting between US President Donald Trump and Vladimir Putin on its territory and reaffirmed its ongoing efforts to achieve a lasting peace between Russia and Ukraine, the press service of the Saudi Foreign Ministry reported.

“The Kingdom of Saudi Arabia highly appreciates the telephone conversation held between US President Donald Trump and Russian President Vladimir Putin on February 12, as well as the announcement of the possibility of holding a summit between their esteemed two presidents in the Kingdom of Saudi Arabia,” the statement said.

The ministry added that the Kingdom welcomes the summit in Saudi Arabia and reaffirms its ongoing efforts to achieve a lasting peace between Russia and Ukraine.

It is noted that on March 3, 2022, Crown Prince and Prime Minister of the KSA Mohammed bin Salman bin Abdulaziz, during telephone conversations with Putin and Zelensky, “expressed the Kingdom’s readiness to provide its mediation services to achieve a political settlement of the crisis.”

“Over the past three years, the Kingdom has continued these efforts, in particular by organizing numerous meetings on this issue,” the Foreign Ministry added.

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