Business news from Ukraine

Business news from Ukraine

STATE-RUN UKRZALIZNYTSIA PLANS TO BUILD 50 GRAIN CARRIERS IN 2022

Ukrzaliznytsia plans in 2022 at its own enterprise – Paniutyne Wagon Repair Plant – to build 50 new grain carriages, head of the Ukrzaliznytsia board Oleksandr Kamyshin has said.
“Next year we plan to replenish the fleet of grain carriers, which are in a consistently high demand in the freight market. We are already placing an order at our Paniutyne car repair plant for the manufacture of 50 new-type grain carriages, which are entirely in-house development of the enterprise. We are launching the serial production of these cars,” he said.
He also added that the first best-performing grain carriage was manufactured and put into series production in 2019.
The total fleet of grain carriages of Ukrzaliznytsia is 11,400 units, and the company plans to renew it in the coming years.
To this end, the company has developed a concept for the renewal of the freight car fleet until 2028, according to which, in the next 7 years, in particular, it is planned to build and update almost 15,000 grain carriers, including 3,600 at the enterprises of Ukrzaliznytsia.
A car for bulk transportation of grain and other bulk food cargoes, model 19-6938, was developed by Paniutyne carriage repair plant, a branch of Ukrzaliznytsia. The prototype was made in 2019. Its volume has been increased to 120 cubic meters, while the maximum volume of old grain carriers is 94 cubic meters. The design speed of the car is up to 120 km/h. The car is certified and intended for operation on the railways of Ukraine and the member states of the Rail Transport Council.

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KSG AGRO INCREASES NET PROFIT BY 3.6 TIMES TO $17.28 MLN

KSG Agro agricultural holding in January-September 2021 increased its net profit 3.6 times compared to January-September 2020, to $17.28 million, EBITDA increased by 10%, to $7.35 million.According to a report of the holding on the website of the Warsaw Stock Exchange on Monday, its revenue for the specified period increased by 43%, to $20.94 million.KSG Agro for the reporting period increased its gross profit by 8%, to $ 7.3 million, and operating profit – by 11%, to $6.15 million.In addition, the group of companies received $1.2 million in net profit due to the difference in exchange rates, while in January-September 2020 this factor generated $1.9 million in net loss.“As of December 31, 2020, the total amount of bank loans in foreign currency was $12.2 million. To mitigate foreign exchange risks, the management organized a change in foreign currency loans from TAScombank by switching from a fixed interest rate to a variable rate,” the group said in a statement.According to the report, the working capital of the agricultural producer as of September 30 this year increased by 6 times compared to September 30, 2020, from $1.1 million to $6 million.Over nine months of this year, the agricultural holding reduced profit in the crop segment by 21% compared to January-September 2021, to $5.37 million, while in the livestock segment it increased 2.5 times, to $1.47 million. In the segment “other operations” (production of fuel pellets and thermal energy), KSG Agro received $460,000 in net profit versus $430,000 in net loss over the same period in 2020.As of November 5, 2021, the agricultural holding harvested 30,550 tonnes of wheat; 19,550 tonnes of sunflower seeds; 8,561 tonnes of barley; 7,758 tonnes of corn and 760 tonnes of rapeseed.According to the report, the number of sows at KSG Agro in January-September 2021 increased by 8.7%, to 5,870. At the same time, the total number of animals (pigs and piglets) for the specified period decreased by 0.6%, to 41,130.“In 2021, the group of companies began a project to gradually renew the sow population in Ukraine in order to increase the birth rate of piglets. To this end, it works with the Canadian genetic company Genesus. In September 2021, the group has already received the first batch of sows from Genesus,” the agricultural holding said in the report.The group of companies over nine months of 2021 increased pork sales by a quarter compared to January-September 2020, in dollar terms, sales amounted to $3.13 million.The vertically integrated holding KSG Agro is engaged in pig breeding, as well as in production, storage, processing and sale of grain and oilseeds. Its land bank is about 21,000 hectares.According to the agricultural holding itself, it is one of the top five pork producers in Ukraine.

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FORMER PRIME MINISTER OF UKRAINE TO PRESENT NEW EDUCATIONAL PROJECT “TRAINING CENTER FOR PUBLIC SERVANTS”

On Tuesday, November 16, at 12.00, the press center of the Interfax-Ukraine news agency will host a press conference entitled “Problem of staff competency of regional officials. Presentation of Training Center for Public Servants of Yuriy Yekhanurov.” Participants include Prime Minister of Ukraine 2005 -2006 Yuriy Yekhanurov; Director of the Merged Territorial Community Association Oleksandr Korinny; Executive Director of the Public Association “Key Persons” Olha Shaverina (8/5a Reitarska Street). The broadcast will be available on the YouTube channel of Interfax-Ukraine. Due to quarantine restrictions the number of places in the press center is limited, the presence of a PCR test or a certificate of vaccination is required.

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UKRAINE INCREASES COAL IMPORTS BY 15%

Ukraine in January-October 2021 increased imports of hard coal and anthracite (heading code 2701) by 14.8% (by 2.064 million tonnes) compared to the same period in 2020, to 16.03 million tonnes. According to the State Customs Service, coal was imported for $1.741 billion, which is 21.6% more than in January-October 2020 ($1.432 billion).Coal was received from the Russian Federation for $1.141 billion (share in imports 65.54%), the United States for $322.306 million (18.51%), Kazakhstan for $195.42 million (11.22%), and other countries for $82.329 million (4.73%). Coal exports by Ukraine in January-October 2021 amounted to 4,982 tonnes for $0.8 million, including to Slovakia for $0.768 million, Hungary for $0.018 million, Bulgaria for $0.007 million, other countries for $0.007 million. For the same period of 2020, exports amounted to 2,255 tonnes for $0.186 million, including to Poland for $0.156 million, Moldova for $0.027 million, and Hungary for $0.004 million.

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UKRAINIAN BANKS’ CASH EXCHANGE RATES ON 15/11/21

Ukrainian banks’ cash exchange rates on 15/11/21

Source: Interfax-Ukraine

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SUSPENSION FROM WORK OF UNVACCINATED CITIZEN FROM COVID TO BE APPEALED IN COURT

Suspension from work due to lack of vaccination against COVID-19 and verification of vaccination certificates in public places will be appealed in the Kyiv District Administrative Court.
According to the press service of the court, the court has registered f lawsuits against the State Space Agency of Ukraine to appeal against orders to dismiss from work. In particular, the plaintiffs ask the court to declare unlawful and cancel the orders by which they were suspended from work, and resume them at work.
In addition, the court opened proceedings on the case seeking to appeal against certain provisions of Resolution No. 1236 dated December 9, 20 on the establishment of quarantine and the introduction of restrictive anti-epidemic measures in order to prevent the spread of acute respiratory disease COVID-19 caused by the SARS-CoV-2 coronavirus in Ukraine.
In particular, the plaintiff, among other things, asks the court to cancel paragraph 18 of the said resolution regarding the granting of the right to employees of the National Police, the National Guard, officials authorized by local authorities to conduct random check of documents, as well as documents confirming vaccination against COVID-19 on the streets, in parks, other public places (catering establishments, entertainment establishments, transport).
As reported, the Cabinet of Ministers of Ukraine instructed the heads of state bodies, heads of enterprises, institutions and organizations to ensure the removal of unvaccinated employees from work from November 8 until they are vaccinated.

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