In January-October 2023, Naftogaz Group paid UAH 75.4 billion in taxes to the state and local budgets.
According to the Group’s press service, the state budget received UAH 69.8 billion, which is 11.5% of the payments controlled by the State Tax Service of Ukraine, and almost UAH 6 billion went to local budgets.
“Our work is not only about the country’s energy sustainability, it is also about economic sustainability. In October, our companies paid UAH 4.7 billion to the state budget. We are constantly working to increase our profits, which in turn affects the growth of contributions to the country’s budget,” commented Oleksiy Chernyshov, Chairman of the Group, as quoted in the release.
As reported, in 2022, Naftogaz Group transferred almost UAH 100 billion to the budgets, and in 2021 – UAH 116 billion.
The net profit of the state-owned Oschadbank (Kyiv) in January-September 2023 amounted to UAH 14.18 billion, which is 6 times higher than the same period in 2022, according to the bank’s interim condensed report for the third quarter.
According to the report, the state-owned bank’s net profit for the third quarter amounted to UAH 7.34 billion, which is UAH 3.04 billion more than in the second quarter of this year and UAH 0.56 billion more than in the third quarter of last year.
According to the report, Oschadbank’s net interest income increased by 32.2% year-on-year to UAH 13.89 billion in January-September 2023, including a 24.4% increase to UAH 4.95 billion in the third quarter, which is UAH 0.75 billion more than in the second quarter of this year.
Net fee and commission income for the first nine months of this year increased by 24.8% to UAH 5.07 billion, including 0.3% to UAH 1.75 billion in Q3. Meanwhile, in April-June this year, this figure was equal to UAH 1.65 billion.
A significant contribution to the improvement of the bank’s financial result was made by the dissolution of provisions for expected credit losses on assets: for the first 9 months of this year, it amounted to UAH 1.4 billion, including UAH 0.16 billion in the third quarter, while for the same period last year, Oschadbank formed additional provisions of UAH 9.61 billion and UAH 4.20 billion, respectively.
The state-owned bank also reports that its total profit for January-September this year reached UAH 14.23 billion, 6.7 times higher than in the comparable period of 2022. In the third quarter of 2023, total profit increased by 9.2% compared to the third quarter of last year and by 69.1% compared to the second quarter of this year.
According to the report, in 9M2023, the bank’s assets increased by 16.9%, reaching UAH 314.78 billion by September 30. This growth is attributed to the increase in cash, correspondent accounts and funds with the NBU from UAH 28.36 billion to UAH 62.56 billion. In addition, according to the report, the volume of investments increased by UAH 10.07 billion to UAH 153.45 billion.
As for loans to customers, they grew by 3.1% to UAH 83.03 billion in the third quarter, but still remain below the figure of UAH 83.22 billion in July-September last year. Of this amount, UAH 62.07 billion was granted to corporate entities, UAH 7.54 billion to government and local authorities, and UAH 4.55 billion in mortgage loans.
Over the first nine months of 2023, Oschadbank’s customer accounts increased from UAH 233.94 billion to UAH 268.89 billion, while banks’ accounts decreased from UAH 0.54 billion to UAH 0.24 billion.
The equity of the financial institution increased by UAH 14.04 billion to UAH 36.2 billion in the first nine months of this year.
According to the National Bank of Ukraine, as of September 1, 2023, Oschadbank ranked second in terms of total assets (UAH 337.99 billion) among 64 operating banks in the country and first in terms of the number of branches – 1182.
On November 19, 2023, in Kyiv, from 10:00 a.m. to 10:00 p.m., at the InterContinental Hotel (Velika Zhytomyrska St., 2A), the 8th International Forum of Winemakers and Sommeliers will be held, as part of which will be held:
– Jubilee XX All-Ukrainian Sommelier Competition “Master Sommelier – 2022-2023”,
– VII All-Ukrainian Cavist Competition “Best Cavist of Ukraine – 2022-2023”,
– “Round table” of winemakers and sommeliers as part of the “Evening of winemakers”,
– Open tastings and presentations of wines, spirits, cheeses and other products for all event guests.
Organizers:
– All-Ukrainian Association of Winemakers and Sommeliers,
– Association of winemakers of Ukraine,
– The first sommelier school “Master Class” in Ukraine.
General Partner – TM “Vinos dela Luz”
General Information Partner – Information Agency “Interfax Ukraine”.
Partners: TM “Big Wines”, “SV plus”, “Poli1898”, “Delamain”, “AELRED”, “Eyguebelle”, “ACHA”, “Purity”, “Zinka”, “Voda.ua”, “Sigarny Dim” “Fortuna”, APSVT, Hotel “InterContinental”.
Media Partners – “Club of Experts“, “OPEN for BUSINESS“, magazine “Kyiv Diplomatic”,
The guests of these events will be the heads of companies importing alcoholic beverages, heads of the restaurant segment, sommeliers, winemakers, heads of wine companies and wine boutiques, representatives of business structures, mass media and TV, connoisseurs and wine lovers.
CLUB OF EXPERTS, InterContinental, international forum, SOMMELIERS, WINEMAKERS
President of Ukraine Vladimir Zelensky received letters of credence from the new Ambassador of Turkey Mustafa Levent Bilgen, Ambassador of the Czech Republic Radek Pech, Ambassador of Luxembourg Ronald Dofing, who began their work in Ukraine.
As reported on the website of the head of the Ukrainian state on Friday, the ceremony took place on the territory of the Sofia of Kiev national reserve.
During the conversation with Mustafa Levent Bilgen, Turkey’s active participation in the Peace Formula meetings at the level of national security advisers and its willingness to lead the implementation of the food security clause of the Formula were highly appreciated.
“The upcoming joint steps to ensure the operation of the “grain corridors”, the implementation of the global humanitarian initiative “Grain from Ukraine” and the priority areas of Ukrainian-Turkish security cooperation were discussed separately. The head of state noted Turkey’s important position regarding the further promotion of Ukraine’s Euro-Atlantic aspirations,” the statement says. message.
During a conversation with the Ambassador of the Czech Republic, an exchange of views took place on interaction between states in the defense sector and strengthening cooperation in the military-industrial complex
“The President thanked the Czech Republic for its support of the Ukrainian peace formula and expressed hope for the further active involvement of Prague in its practical implementation and preparation of the Global Peace Summit. Special attention was paid to the issues of European and Euro-Atlantic integration of Ukraine and the importance of the Czech Republic’s support for the development of our country on the path to the EU and NATO “, reports the press service of the head of state.
During a conversation with Ronald Dauphing, the President thanked Luxembourg for participating in a meeting at the level of national security advisers on the implementation of the Ukrainian peace formula.
“The importance of Luxembourg’s support for the decision to begin negotiations on Ukraine’s accession to the EU during the December meeting of the European Council was noted. The head of state noted the need to develop a mechanism that would allow the use of Russian assets frozen by Luxembourg to restore Ukraine,” the message says.
Astarta Agro Holding, Ukraine’s largest sugar producer, will resume construction of an additional deep soybean processing line at its Globinsky Processing Plant (GPP, Poltava region) in the fourth quarter of this year, which will allow it to produce up to 100,000 tons of concentrated soy protein per year.
“The project was announced in 2021 at a cost of $50 million, and now it is estimated at about $60 million, taking into account inflation,” said Yulia Bereshchenko, Business Development and Investor Relations Director of the group of companies, at a conference call with investors and analysts based on the company’s results for the first nine months of 2023.
According to her, the investments will be spread over three years – this year and the next two, and the project will be financed mainly from free cash flow.
As reported, Astarta announced the start of construction of this line in mid-September 2021. The GPP itself was commissioned in early 2014, with a design processing capacity of 230 thousand tons per year, and will remain at this level. The plant is capable of producing about 160 thousand tons of high-protein soybean meal, 40 thousand tons of soybean oil, and 9 thousand tons of granulated shell annually. The enterprise also includes storage facilities for finished products and an elevator with a capacity of 42 thousand tons, as well as the necessary engineering, road and rail communications. Before the war, more than 80% of GPP’s output was exported to the EU, the Middle East and the Far East. Most of the soybeans for processing are grown by the agricultural companies of the agricultural holding.
In the fall of 2021, Bereshchennko indicated that the construction of an additional line for deep soybean processing at the GPP would double EBITDA in the soybean segment and increase revenue.
“Astarta is a vertically integrated agro-industrial holding company operating in eight regions of Ukraine. It comprises six sugar factories, agricultural enterprises with a land bank of 220,000 hectares and dairy farms with 22,000 cattle, an oil extraction plant in Globyno (Poltava region), seven elevators and a biogas complex.
In the third quarter of 2023, the agricultural holding earned EUR1.24 million in net profit, down 27.7 times compared to the same period in 2022. Astarta’s revenue decreased by 14.4% to EUR104.75 million, gross profit by 2.7 times to EUR26.96 million, operating profit by 7.6 times to EUR6.79 million, and EBITDA by 42.7% to EUR97.25 million.
Due to significantly better performance in the first half of this year compared to the first half of last year, in the first 9 months of 2023, net profit decreased by 9.8% to EUR 55.97 million, while revenue increased by 14.8% to EUR 392.00 million. The company’s gross profit increased by 3.0% to EUR 151.91 million, while operating profit decreased by 15.9% to EUR 79.91 million and EBITDA by 10.8% to EUR 116.63 million.
In the 2022-2023 marketing year (MY), Ukrprominvest-Agro Group exported more than 120 thousand tons of sugar to the European Union, the group’s press service reported on Facebook.
“The quality of our products, excellent transaction support services, speed in decision-making, a variety of options for packaging and shipment of products, a responsible approach to work at every stage are the factors that have become the key to the success of Ukrprominvest-Agro in the export market in 2022/23 marketing year. We plan to further develop this area and maintain our leadership among sugar exporters in Ukraine in the current marketing year,” the press service quoted Artem Semenenko, Director of the company’s Commercial Department, as saying.
“Ukrprominvest-Agro is engaged in the cultivation of crops, production of sugar, flour, meat and dairy farming. The group’s land bank exceeds 116.5 thousand hectares and is located mainly in regions that have not been invaded by the Russian occupiers.
The total number of cattle of the agricultural holding is 6.3 thousand, pigs – 12 thousand. The total elevator storage capacity of the group is 120 thousand tons. The group’s sugar business is represented by two sugar factories in Vinnytsia region. It supplies grain processing products to Moldova, Georgia, Turkmenistan, Israel, Palestine, Angola, Lebanon, Syria, and Vietnam.
Ukrprominvest-Agro comprises Agroprodinvest Group LLC, PJSC Podillya Production Complex, LLC Zorya Podillya Production Complex, LLC Vinnytsia Bakery No. 2, AF Dniproagrolan, AF Ivankivtsi, LLC Mas-Agro, LLC Pravoberezhne, and LLC Progress-NT.
The owner of the agricultural holding since December 2019 is the son of the former President of Ukraine Oleksiy Poroshenko.
