Ferrexpo’s enterprises (Poltava Mining, Yeristovo Mining and Belanovo Mining) in January-September 2021 transferred more than UAH 6.6 billion in taxes and fees to the budgets of different levels, which is 2.7 times more than in the same period in 2020, the company said in a statement on Tuesday.
“The increase in payments occurred in all items, but the largest one was income tax,” Ferrexpo told Interfax-Ukraine.
At the end of January-September 2020, the company reported an increase in taxes and fees paid to more than $2.45 billion.
Ferrexpo said that Poltava Mining paid UAH 4.87 billion (a year earlier it was UAH 1.92 billion), Yeristovo Mining paid UAH 1.8 billion (UAH 0.51 billion) and Belanovo Mining paid UAH 0.03 billion (UAH 0.013 billion).
Taking into account the previously published data for 9M 2020 and excluding Belanovo Mining for 9M 2021, payments to local budgets grew by 19.3%, to UAH 333.6 million, to regional budgets by 2.6 times, to 784.1 UAH million, and to the state budget by 3.4 times, to UAH 5.22 billion. The social security contribution payments grew by 3.2%, to UAH 328.1 million.
Ferrexpo said that (excluding Belanovo Mining) income tax increased 4.7 times, to UAH 4.95 billion, environmental tax rose by 37.6%, to UAH 158.5 million, personal income tax grew by 5, 2%, to UAH 293.7 million, subsoil use royalties by 65.1%, to UAH 792.5 million.
Ferrexpo is an iron ore company with assets in Ukraine, which each owns 100% of Poltava Mining and Yeristovo Mining and 99.9% of Belanovo Mining.
Ferrexpo in January-September 2021 increased its total pellet production by 0.3% compared to the same period in 2020, to 8.158 million tonnes.
In the first half of 2021, the company increased its revenue by 74.3%, to $1.353 billion, and net profit by 2.7 times, to $661.43 million.
The international research company Corteva Agriscience in 2021 doubled production of corn seeds in Ukraine compared to 2020, while 10% of the produced volumes will be exported, the company said in a press release.
The company did not indicate the actual volume of seeds produced, but clarified that in 2021 it doubled the sown area for corn seeds in Poltava region – up to 8,000 hectares.
“We plan to increase the share of production in Ukraine, in particular, taking into account the possibility of further export of corn seeds to the EU countries,” head of seed production in Eastern Europe Andriy Andriushko said.
In addition, it is planned to export 10% of the corn seeds produced at the Corteva Agriscience seed plant in the village of Stasy (Poltava region) to the EU countries, Transcaucasia, Kazakhstan, Uzbekistan and Belarus.
Corteva Agriscience is a global agricultural company. It provides farmers with solutions to maximize yields and profitability. It has over 150 research facilities and over 65 active ingredients in its portfolio.
Corteva Agriscience in Ukraine includes the company’s central office in Kyiv, a research center in the village of Liubartsy (Kyiv region) and a seed production complex, opened in 2013. Investments in the plant for five years amounted to more than $56 million.
Ferrexpo completed second course of Fe_munity corporate women’s leadership platform for middle-level employees.
During the 4 months of training, 86 Ferrexpo employees upgraded skills in negotiating, conflict management, change management, financing, time management, reputation and constituencies.
The project architecture also includes increasing the level of self-confidence (“dismantling of glass ceilings”), the desire and ability to be materialized professionally, without losing control over the work/life balance.
The course was taught by top speakers and coaches, such as Vache Davtyan – founder and owner of Promkabel-Electric, PanElectro network, LeaderWay; Daniil Vakhovsky – Managing Partner of Havas PR Kyiv; Olena Yuzkova – General Director, Era of International Education; Ivetta Delikatna and Olena Lobova – partners of the Old School training project; Dina Nemyrivchi – head of SalesCapital AG Ukraine; Marina Romanenko – practicing psychologist, certified international coach, founder of the Academy of Professional Parents.
Dmitriy Spatar, FPM First Deputy Chairman of the Board, Ambassador for Gender Issues at Ferrexpo:
“Fe_Munity Ferrexpo was opened in 2020 and we continue to pursue our Company goals of achieving gender balance. To date, more than 160 of our employees have gained knowledge, inspiration and motivation for their personal and professional development. We celebrate the unequivocal success of our initiative and this is confirmed by the achievements of our graduates. In 2022, Ferrexpo plans to expand the scope of our educational platform for women throughout Ukraine. In our country there are many talented women who work in various fields, and with proper support – this is a powerful force for the development of Ukraine’s economy.”
Iryna Rubis, co-author of the concept and curator of Fe_munity, co-founder of Biasless
“For the second time, Fe_Munity is ending with the writing of a final project with very clear and measurable KPIs. And the public defense of these works showed us that the graduates started thinking higher and wider, and the transformation took place not only professionally but also personally. The effect of raising at least 10 potential gender equality activists in the company and the town was unexpected. We also managed to introduce the participants of the project to educational thirst: the vast majority of graduates decided to join the educational Ferrexpo School of Inclusion project, which will start soon.”
Information about the company:
Ferrexpo – Swiss iron ore company with assets in Ukraine. The main activity of the company is the production and export of high-quality iron ore pellets used in steel production. Ferrexpo is the largest producer and exporter of pellets among the countries of the post-USSR states. Current production assets are FPM and FYM. Ferrexpo plc owns 100% of the shares of Ferrexpo AG, which, in turn, owns 100% of FPM shares and 100% of FYM shares. In 2020, the company produced 11.2 million tons of iron ore pellets. Steel enterprises from Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, Czech Republic, Turkey, Vietnam and the USA became the main consumers of the products. Ferrexpo is listed on the London Stock Exchange’s Main Board under the FXPO ticker. More information can be found on the website www.ferrexpo.com.
Hungarian low-cost airline Wizz Air has canceled 20 destinations from Ukraine in the winter schedule due to existing demand for them.
“Some flights to/from Ukraine have been canceled due to existing demand, the company’s capacity will be directed to other routes of the network,” the company told Interfax-Ukraine on Wednesday.
Wizz Air also added that passengers whose reservations have undergone changes will receive a notification with options for a full refund of the ticket price or receiving a 120% refund of the original fare credited as WIZZ credit.
Earlier, the media reported that Wizz Air canceled some flights from all cities of Ukraine, where it operates flights – Kyiv, Lviv, Odesa, Kharkiv and Zaporizhia.
From Kyiv, from mid-January to March, Wizz Air will stop operating flights to Thessaloniki (from January 10 to March 9), Venice (from January 9 to March 11), Naples (from January 11 to March 27), Nuremberg (from January 9 to March 11) and Katowice (from 10 January to March 10). Flights from Lviv canceled to Milan (from January 14 to March 5), Naples (from January 10 to March 5), Rome (from January 10 to March 8), Vilnius (from January 10 to March 8), Memmingen (from January 10 to February 26), Bratislava (from January 11 to March 27) and Budapest (from January 17 to March 12). From Kharkiv – Rome (from January 13 to March 12), Vienna (from January 10 to March 8), and Dortmund (from January 4 to February 24). From Odesa – Abu Dhabi (from January 10 to February 9), and Budapest (from January 9 to March 26). From Zaporizhia – Wroclaw (from January 14 to March 27), Katowice (from January 15 to March 6), and Budapest (from January 11 to March 27).
The UK will allocate an additional GBP 1 billion in support for Ukraine, which will go towards investment, trade and security, Ukrainian President Volodymyr Zelensky has said.
“Great news from London: UK will allocate an additional GBP 1 billion in support for Ukraine. That means new investments, trade, security. As a result of my negotiations with British Foreign Secretary Boris Johnson last year, the total volume of British support increases to GBP 3.5 billion,”- Zelenskiy said on Twitter on Wednesday.
In the unique place – the live medieval city of Ancient Kyiv in the Principality of Kyivan Rus, situated in the Kyiv region, an incredibly bright and colorful «Winter fairy tale» New Year program for children and adults will take place from December, 18 till January, 19. Theatrical performances, the New Year`s residence, horse shows and riding on a horseback and in carriages, tasty hot dishes in the tavern, flights on the rope descent, fortune-telling from the soothsayer-healer, interesting souvenirs, coin minting and the possibility of an unforgettable weekend with accommodation will be waiting for the guests.
From December, 18 till January, 9 on weekends and festive days there will work the New Year`s Residence, where every small and adult visitor will have the possibility to write a letter to the gray-bearded magician and leave it in the magic wish box.
During the «Winter fairy tale» on weekends and festive days the guests will see the festive performance with plunging into ancient traditions, rites and fairy tales. Only in Kyivan Rus it will be possible to see the unique author`s performance – the theatrical horse interactive of the fight between the overseas and the Slavic characters. The theatrical «gate storming», spells, different games and amusements will be waiting for the guests. Every willing one will get a chance to join the master-class on carol singing and also see the performance based on the story of N. Gogol – «Evenings on a Farm near Dikanka». And also – both children and adults will be invited to take part in fiery battles, round dances and flash mobs.
Ob Christmas, December, 25 and from January, 7 the fairy tale inhabitants of Ancient Kyiv will play the real nativity scene: Virgin Mary with the holy baby, shepherds, magi, and, of course – the struggle of good and evil and the victory of good in the finale.
A grandiose celebration of the New Year`s night will be waiting for the guests on December, 31 from 21:00! Ancient Kyiv has prepared a bright festive entertaining program with music and dances, the performances of the horse theatre and various amusements, tasty hot dishes, drinks and tinctures, gifts, treats and fireworks. You have never had such a celebration in your life!
During the whole New Year celebration cycle on weekends and festive days it will be possible to enjoy tasty meals, prepared on open fire, in garden houses and in the warm tavern.
In Ancient Kyiv every visitor will feel himself as the real citizen of the medieval city. Here you can put on historical costumes of Kyivan Rus times, learn to accurately shoot a bow, toss knives and mint coins according to ancient technology. When visiting the soothsayer the visitors will taste herbal teas according to forgotten recipes and will touch the ancient secret knowledge. And in the medieval shop and on the fair of masters – they will choose original handmade souvenirs for memory.
The lovers of extreme will be pleased with the «Zmiy Gorynych» speed slide and the «Politaylo» rope descent with tracks of different difficulties.
Those willing to continue their rest can stay for the night in comfortable rooms (by previous booking).
Ticket price (the price on the New Year`s night differs):
– For adults 200-250 Uah (depending on the date of visiting),
– For pensioners and students 150 Uah,
– For schoolchildren 100 Uah,
– For preschool children – for free.
Address: Kyiv region, Obukhiv district, village Kopachiv. You can get by your own car or by public transport. Check the schedule of route taxis on the «Obukhivtrans» website or on the «Kyivan Rus Park» website in the «Contacts» section.
Phone: +38 050 385 20 35, +38 044 461 99 37
Details on the website: https://parkkyivrus.com/
FaceBook: https://www.facebook.com/parkkyivrus
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».
