Business news from Ukraine

Business news from Ukraine

PORK CONSUMPTION IN UKRAINE TO GROW IN 2021

Pork consumption by Ukrainians in 2021 will grow by 4.7% compared to 2020, to 15.5 kg per person per year (excluding fat and offal), which will be the highest result since 2013, when this indicator per capita was 17.9 kg.
This opinion was published on the website of the Association of Pig Breeders of Ukraine with reference to data from the UN Food and Agriculture Organization (FAO).
“The increase in pork consumption is determined by several factors, including the growth of domestic production. Pork occupies niches that free up other types of meat, primarily chicken. So, in 2021, the consumption of chicken will decrease by almost 2 kg,” FAO agricultural markets expert Oleksandr Sikachyna quoted in the post.
According to him, the elasticity of demand for meat is slow: consumers need time to change their purchasing habits, so consumption will not be able to quickly respond to high rates of production growth.

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KREDMASH FROM POLTAVA INCREASES SALES BY 21%

JSC Kremenchuk Plant of Road Machines (Kredmash, Poltava region) in January-June increased the production and sales of asphalt and soil mixing units by 21.4% compared to the same period in 2020, to 34 units.
According to a report on the company’s website, in June, the plant shipped products to Vinnytsia, Odesa, as well as for export.
As reported, the growth in production and sales of products at the plant is primarily associated with the road construction program in Ukraine. In particular, in January-June last year, due to the intensification of road construction, the plant produced 28 units, while for the whole of 2019 – 26.
In June of this year, Kredmash also produced spare parts, components and assemblies for UAH 22 million, consumer goods – for UAH 10.4 million.
Kredmash specializes in the development and manufacture of asphalt mixing plants, spare parts for construction and road equipment, tank trucks, bitumen trucks, iron and steel castings, consumer goods (seamers).
In 2020, the plant produced and sold 54 units, net income increased by 12%, to UAH 1.088 billion, net profit tripled – to UAH 69.14 million. Some 61.3% of total sales were exported, and the main competitors at the plant are German-based Ammann, Teltomat, Lintec, Italian-based Mavini, Bernandi, Sim, Czech-based Askom, Finnish-based Amomatik.

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UKRAINE INTERESTED IN DEEPENING COOPERATION WITH MOLDOVA

Chairman of the Verkhovna Rada Dmytro Razumkov congratulated Igor Grosu on his election to the post of head of the Parliament of Moldova.
“Today, during a phone conversation, congratulated Speaker of the Parliament of Moldova Igor Grosu on his election to office. The victory of pro-European forces in the elections in Moldova opens up opportunities to intensify relations with Ukraine. We are interested in deepening cooperation with our neighbor,” Razumkov said on Twitter on Monday.

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PRESIDENT OF UKRAINE APPOINTS NEW AMBASSADORS TO INDONESIA, AUSTRIA, TANZANIA

President of Ukraine Volodymyr Zelensky, by his decrees, has appointed ambassadors of Ukraine to the Republic of Indonesia, the Republic of Austria and the United Republic of Tanzania.
Relevant decrees No. 335/2021, No. 337/2021 and No. 338/2021 are published on the president’s website.
So, according to the documents, Vasyl Ivanovych Hamianin was appointed the Ambassador Extraordinary and Plenipotentiary of Ukraine to the Republic of Indonesia, Vasyl Vasyliovych Khymynets – the Ambassador of Ukraine to Austria.
Also, Andriy Ivanovych Pravednyk, the Ambassador of Ukraine to the Republic of Kenya, was also appointed the Ambassador of Ukraine to the United Republic of Tanzania.
Vasyl Hamianin is a Ukrainian diplomat and sinologist. Since 2011, he has been serving as the Minister-Counselor of the Ukrainian Embassy in the People’s Republic of China. In 2012-2013 – the Charge d’Affaires of Ukraine in the People’s Republic of China.
Vasyl Khymynets is the Director of the First European Directorate General at the Ministry of Foreign Affairs of Ukraine. In 2011-2012 and in 2014 – the Chargé d’Affaires of Ukraine in Germany.
Andriy Pravednyk has been serving as the Ambassador of Ukraine to Kenya since September 2018.

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UKRNAFTA POSTS NET PROFIT OF UAH 1.585 BLN IN H1

PJSC Ukrnafta in January-June 2021 saw a net profit of UAH 1.585 billion versus UAH 2.596 billion of a net loss for the same period in 2020.
According to the company’s statement in the information disclosure system of the National Securities and Stock Market Commission, its net income in the first half of the year increased 1.5 times (by UAH 5.069 billion), to UAH 15.042 billion, gross profit – 3.3 times (by UAH 4.608 billion 607.785 million), to UAH 6.571 billion.
Ukrnafta is the largest oil company in the country. NJSC Naftogaz Ukrainy owns 50% + 1 share in Ukrnafta, a group of companies associated with the former shareholders of PrivatBank – about 42% of shares. Ukrnafta has 25 drilling rigs, 1,891 oil and 162 gas well. The company owns 537 filling stations.

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UKRAINIAN IT COMPANY SOFTSERVE OPENS OFFICE IN DUBAI

SoftServe, one of the largest Ukrainian IT companies, opens a new office in Dubai to support clients in the Middle East region, the number of which is growing rapidly.
According to the press service of the company, the new office of the company is located in the business center Dubai Internet City.
SoftServe said that the company has been operating in the Middle East since 2018, supplying solutions for large business conglomerations in the areas of trade, finance and the energy sector. The Middle East today is a hub that is rapidly developing and attracting investment, and due to the increase in population, opportunities are opening up for activities outside the oil sector. Therefore, this region occupies a key position in SoftServe’s growth strategy.
“Today, we are seeing an increase in demand for software and digital transformation in this region and are pleased to be able to provide our expertise. Our new office will better serve and support our customers by developing innovations in the areas of artificial intelligence, machine learning, cloud solutions, and digital banking solutions. We expect to build long-term and sustainable relationships in the Middle East, providing the most relevant technological solutions and services. Our presence in the location is another evolutionary step in the development of key markets in the region,” the press service said, quoting Executive Vice President EMEA at SoftServe Volodymyr Semenyshyn.
According to the company, the new office of SoftServe in Dubai will offer clients a full range of services – from consulting to project management, implementation of solutions and their ongoing support. In addition to the business development direction, developers will also work in the office.
The company said that the Dubai office will become a place for frequent visits by employees, customers and partners. In general, in 2019-2020, 150 employees of the company traveled to the UAE for business purposes.
“SoftServe is partnering with Google Cloud, Amazon Web Services, Microsoft Azure to showcase expertise across the region that is recognized by global corporations – from cutting edge technology solutions, big data management, cloud architecture to AWS best practices for business and solutions based on Microsoft technologies,” SoftServe said.
SoftServe specializes in software production, development services, quality control and support of information systems and business solutions. To date, about 10,000 employees of the company work in 38 offices. The main offices of the company are located in Lviv and Austin (Texas, the United States). The company’s development centers are located in Lviv, Kyiv, Dnipro, Kharkiv, Rivne, Ivano-Frankivsk, Chernyvtsi, Sofia (Bulgaria) and Wroclaw, Bialystok, Gliwice and Warsaw (Poland).

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