Interfax-Ukraine has prepared a list of the most profitable companies in Ukraine in 2020 based on the financial statements of the companies published by the Ministry of Finance and the State Tax Service in the form of open data at the end of May.
Gas Transmission System Operator of Ukraine (GSTOU) topped the list of companies that posted a net profit of over UAH 10 billion (the company’s profit was UAH 28.36 billion) and its parent company Mahistralni Gazoprovody Ukrainy (MGU, Trunk Gas Pipelines of Ukraine) with UAH 15.29 billion followed it, Pivdenny Mining and Poltava Mining had UAH 18.24 billion and UAH 11.08 billion in profit, respectively, as well as Kyivstar posted UAH 10.37 billion in net profit.
Then, the list of companies with a net profit of over UAH 5 billion, includes PJSC Naftogazvydobuvannia with UAH 6.13 billion, ATB-Market with UAH 5.77 billion and SCM with UAH 5.32 billion.
The top ten most profitable also include the state-owned Ukrgazvydobuvannia with UAH 4.95 billion and Pivnichny Mining with UAH 4.34 billion.
More than UAH 4 billion of net profit last year in Ukraine was received by two more companies: Ukrnafta with UAH 4.27 billion and Ukrhydroenergo with UAH 4.14 billion, and more than UAH 3 billion were also received by two companies: Roshen confectionery corporation with UAH 3.37 billion and Epicenter K with UAH 3.17 billion.
The list of 200 most profitable companies also included 29 corporate investment funds, among which are 24 venture capital funds.
The Kyiv Economic Court denied a private company a claim for the use of mineral resources – one of the largest deposits of lithium ores in Ukraine, the press service of the Prosecutor General’s Office (PGO) has reported.
“It has been established that a private company, despite the requirements of the legislation and in the absence of a subsoil use license, without holding an auction, filed a lawsuit against the State Service of Geology and Subsoil of Ukraine seeking to recognize the right to use of the Shevchenko deposit of lithium ores in Donetsk region and remove obstacles to its use,” PGO said.
Justifying his position, the prosecutor insisted that the enterprise was illegally trying to get the Shevchenko deposit for the extraction of lithium ores.
Bus Motor LLC, which is part of the Bogdan Corporation, has signed a distribution agreement with the Chinese company Zonson Smart Auto Corporation, which is part of the large ZTE Corporation, the press service of Bogdan has reported.
According to a report with reference to Director General of Bus Motor Oleh Mischenko, the agreement at the first stage of cooperation provides for the supply of a demo bus for tests in Ukraine. The bus has a European certificate and meets all environmental and technical standards.
“Also, Zonson Smart Auto Corporation is considering the possibility of manufacturing electric buses from SKD/CKD [semi knocked down/сomplete knock down] kits at the facilities of Bus Motor LLC.
According to the report, Zonson Smart Auto Corporation recently entered the Hungarian market with its new electric bus.
Bus Motor LLC is an exclusive distributor of Bogdan buses, trolleybuses, electric buses manufactured at the subsidiary company Auto Assembly Plant No. 1 (Lutsk) of Bogdan Motors.
JSC Bogdan Motors Automobile Company unites a bus and trolleybus plant in Lutsk and a passenger car plant in Cherkasy.
Businessman Ihor Kolomoisky and the fifth president of Ukraine, leader of the European Solidarity party, MP Petro Poroshenko meet the criteria under which they are included in the register of oligarchs provided for by the president’s bill on de-oligarchization, Justice Minister Denys Maliuska has said.
“There are official partners of Mr. Kolomoisky in the Verkhovna Rada, and he is not alone, therefore Mr. Kolomoisky definitely could be included [in the register of oligarchs] European Solidarity understands that their leader [Petro Poroshenko] also automatically falls into the register,” Maliuska said on the air of Savik Shuster’s Freedom of Speech program on Ukraina TV channel on Friday.
As reported, President of Ukraine Volodymyr Zelensky this week submitted a bill on the prevention of threats to national security associated with the excessive influence of persons with significant economic or political weight in public life (oligarchs) (No. 5599) to the Verkhova Rada.
According to the document, any three of four conditions are sufficient for the National Security and Defense Council to include a person in the register of oligarchs: significant influence on the media, participation in political life, beneficial ownership of a monopoly company and a fortune equaling over 1 million living wages (about $83 million at the current exchange rate).
In January-May 2021, the seaports of Ukraine handled 55.4 million tonnes of cargo, which is 18.6% less than in the same period in 2020.
As reported on the website of the Ukrainian Sea Ports Authority (USPA), the specified period, the ports mainly handled ore and grain cargo – 15.7 million tonnes (14.1% down) and 14.6 million tonnes (33.1% down) respectively.
At the same time, the transshipment of oil products grew by 46.7% and amounted to 657,700 tonnes.
In January-May, the transshipment of export cargo amounted to 42.6 million tonnes (18.6% down compared to the same period in 2020), import reached 8.8 million tonnes (13.4% down), transit totaled 3.4 million tonnes (25% down), and coastal cargo handling was 484,800 tonnes (42.5% down).
In addition, 415,532 TEU containers were handled in the first five months of this year, which is 6.4% less than in the same period in 2020.
As reported, the seaports of Ukraine in January-April 2021 handled 44.1 million tonnes of cargo, which is 19.6% less than in the same period in 2020.
Insurance companies that are members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) in January-April 2021 increased the collection of insurance payments under the policies of compulsory insurance of land vehicle owners’ civil liability (OSAGO) by 15.67% compared to the same period in 2020, to UAH 2.103 billion, including under electronic contracts in the amount of UAH 1.074 billion, which is 63.29% more than in 2020.
During this period, the companies entered into 2.775 million OSAGO contracts, which is 10.45% more than in the same period in 2020. Out of the total volume of agreements, some 1.28 million were concluded in electronic format, which is 61.06% more than in the first four months of 2020.
According to the data published on the MTIBU website, the total amount of accrued insurance claims under internal insurance agreements in January-April 2021 grew by 32.57%, to UAH 1.177 billion. In particular, UAH 220.439 million was paid using the European road accident reports, which is 42.75% more than in 2020.
The bureau also recorded an increase in the number of settled claims for insurance compensation by 22.47%, to 58,182, including 20,947 with the use of European road accident reports (30% more).
The MTIBU is the only association of insurers that provides compulsory insurance of land vehicle owners’ civil liability for damage caused to third parties. The bureau members are 48 insurance companies.
