Business news from Ukraine

Business news from Ukraine

AMCU fines water producer Buvette for UAH 17.7 mln for false information

The Antimonopoly Committee of Ukraine (AMCU) has fined Smaragd LTD UAH 17,704,710 for violating the legislation on protection against unfair competition, in particular for disseminating false information on the labels of Buvette 3 (Vital) mineral natural table water, the regulator’s press service reports.

According to the AMCU’s decision, Smaragd Ltd. was found guilty of violating Art. 15-1 of the Law “On Protection Against Unfair Competition”, as it disseminated false information misleading consumers about the properties of Buvette 3 (Vital) still and low-carbon mineral table water, which was placed on 0.5 l, 0.75 l, 1.5 l, 1.7 l bottles.

According to the Opendatabot service, Smaragd LTD was registered in 2004 in Kremenchuk, Poltava region, and in 2021 the company changed its legal address and moved to Dnipro, Dnipro region. The company specializes in the production of bottled soft drinks and mineral waters. It owns the Buvette trademark.

In 2023, the company’s revenue amounted to UAH 769.77 million, net profit – UAH 6.33 million, and debt obligations – UAH 752.13 million. The plant’s assets are estimated at UAH 944.63 million. The company employs 252 people. The authorized capital is UAH 65 million.

The beneficiaries of the company are Yevhen Sharinov and Yevhen Dveris through the Cyprus-based Eliay Investments Limited.

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Dynamics of changes in discount rate of NBU – from 2013 to 2024

Dynamics of changes in discount rate of NBU – from 2013 to 2024

Open4Business.com.ua

Ukrainian pilots complete Mirage 2000 training in France

The six-month training of Ukrainian pilots and ground personnel for Dassault Mirage 2000-5F fighter jets has ended in France, French Aid to Ukraune reports on social network X.

“After six months of training for Ukrainian pilots and mechanics on the Mirage 2000-5F, the training has been completed,” the channel said in a statement released on Wednesday.

As reported, in November, the Ambassador of the French Republic to Ukraine, Gael Weissier, confirmed that in early 2025, French Dassault Mirage 2000-5F fighters would be delivered to Ukraine. The ambassador did not say how many planes could be delivered, noting that it was up to the authorities to announce.

At the same time, the French media outlet OpenNews reported in November, citing a member of the French National Assembly, Deputy Chairman of the Defense Committee in Parliament, Frank Gilletti, that France would “soon” supply the first six Mirage 2000-5Fs with a “full support model” to the Ukrainian Armed Forces. Earlier, the media reported that three aircraft would be delivered in early 2025.

The Dassault Mirage 2000-5F is a fourth-generation French multi-role fighter developed in the 1970s by Dassault. It has been in service since 1984.

It was the main combat aircraft of the French Air Force in the late XX – early XXI century. It is in service with several countries in Asia, Europe and Latin America.

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Demand and prices for potatoes have decreased in Ukraine

According to the daily monitoring data of EastFruit project, this week the potato market in Ukraine has seen a decrease in trading activity. Contrary to the hopes of farmers that this product will once again increase in price on the eve of New Year vacations, the selling prices for potatoes in Ukraine, on the contrary, began to decline. Wholesale companies, in turn, see no reason to raise prices and increase the volume of purchases of this product, as the demand for this product has significantly decreased.

Thus, today marketable potatoes are on sale in the range of 18-28 UAH/kg ($0.43-0.67/kg), depending on the quality, variety and volume of offered batches of products, which is on average 12% cheaper than at the end of the last working week.

The reason for a slight decrease in prices in this segment was not only weakening demand for potatoes, but also stable supplies of these products from foreign markets. At the same time, most key market players note mediocre quality characteristics of imported potatoes, which, in turn, affected the pace of sales of local products as well.

Nevertheless, in general, Ukrainian farmers do not complain about the selling prices for potatoes this season, because this product has risen in price by an average of 41% compared to last year. The reason for such a significant price difference experts call the decline in potato yields in Ukraine due to unfavorable weather conditions in the summer months. Many farmers also note a gradual deterioration in the quality of products stored in storage.

You can get more detailed information about the development of the market of potatoes and other horticultural products in Ukraine by subscribing to the analytical weekly EastFruit Ukraine Weekly Pro. Detailed product information is available here.

EastFruit

 

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Zezman Holding completed 15.2 thousand square meters of housing in 2024 and is developing projects in Uzhhorod and Odesa

Zezman Holding (Odesa) completed the construction of 15.2 thousand square meters of housing in 2024 and will continue to implement the previously announced residential estates in Uzhhorod and Odesa next year.

“This year, we have taken a bold and strategically important step by expanding our presence from the southern region to the west of Ukraine. We presented two large-scale projects: Lizrome in Uzhhorod, the first residential community in the region that meets the principles of sustainable development, and Gross Liebental cottage community in Odesa agglomeration, designed with a focus on energy autonomy, security and flexibility of housing solutions,” Boris Goldenstein, founder and CEO of Zezman Holding, toldInterfax-Ukraine.

By the end of 2024, the developer completed the construction of two buildings with 357 apartments in the Artville residential complex in Odesa, with a total area of 15.2 thousand square meters. The construction of nine buildings for 1 thousand apartments with a total area of 43.5 thousand square meters is also underway.

According to the company, about 40% of sales are made under the eOselya program, which indicates a high demand for mortgage programs.

“At the same time, we are seeing an increase in demand for ready-made housing, in particular, for renovated apartments that meet the principles of ready to use. This reflects the changing priorities of consumers who are looking for comfort and convenience without spending time and money on repairs,” Zezman Holding said.

Founded in 2013, Zezman Holding has commissioned 13 houses, with another 28 residential buildings at various stages of construction.

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“Metinvest” mastered 20 new products in 2024

Metinvest Mining and Metallurgical Group mastered the production of 20 new products in 2024, including six new products at its joint venture, Zaporizhstal, which launched six new products.

According to the group’s press release on Friday, in the face of Russia’s full-scale invasion of Ukraine, which has been going on for almost three years, Metinvest remains the country’s economic and industrial backbone. Over the decade of war, the group has managed to launch 422 new products.

This year, most new products were launched in the long products segment (12), cold-rolled coils and sheets (four), hot-rolled coils and sheets (two), and galvanized coils and semi-finished products (one each).

Kametstal and Zaporizhstal accounted for the bulk of new products. One new product was launched by Unisteel, the Group’s galvanized steel producer.

All new long products were launched at Kametstal. Thus, the plant has mastered the production of rebar for reinforced concrete structures: two new sizes and a new strength class according to the Ukrainian national standard DSTU 3760, as well as rebar according to Polish standards.

In addition, the company has launched the production of six types of wire rod made of different steel grades and in various sizes in accordance with Ukrainian, international, European and American standards. The products are used in construction, civil engineering and metal products manufacturing.

In addition, the company has mastered the production of reinforced steel profiles for supporting mine workings such as SVP33 according to Ukrainian standards. These special interchangeable products are used in the manufacture of arch support for domestic mining and metals mines. The company also started production of round rolled products made of St3ps steel with a diameter of 27 mm in accordance with Ukrainian standards, which are used in construction and civil engineering.

Zaporizhstal is the leader in new products in the cold-rolled coil and plate segment: the plant has launched four products. These include S250GD coils made in accordance with Ukrainian and European standards, which are used for further galvanizing and other coatings, and then for the manufacture of lightweight steel thin-walled structures.

The company has also mastered the production of S215G rolled steel, which is suitable for the manufacture of unwelded and welded steel profiles, sheets, main, auxiliary and decorative structural elements. It is manufactured in accordance with the German standard DIN 1623-2.

In addition, the new product is a 2.5 mm thick DC01 coil that meets European standards EN 10130 and EN 10131. The steel is ideal for use in applications where precise product geometry and ease of forming are important, while maintaining sufficient mechanical strength.

The company has started production of 2.1-2.5 mm thick plates cut from hot-rolled coils in a wide range of grades, a versatile material for the production of various structural elements and technical products subject to cold forming.

All cold-rolled products are intended for the construction industry, machine building and metal products segment.

In the hot-rolled coils and sheets segment, Zaporizhstal launched production of two types of rolled products: coils and sheets of S355JR/S355J2 grades with a thickness of 2.75-2.79 mm according to European standards, as well as a newly designed sheet with a size of 5.0×1500×6000 mm made of 09G2/09G2S steel according to Ukrainian technical standards. These products are in demand in the construction and machine-building industries. In particular, the first of these products is used in the production of electric-welded pipes and profiles, and the second is used to manufacture structural elements for freight and passenger railcars.

In the galvanized coils and semi-finished products segment, Unisteel has mastered the production of S250GD-S280GD rolled products from Zaporizhstal coils – these steel grades are used in construction, namely in structures that require a combination of strength and corrosion resistance.

For its part, Kametstal has launched the production of continuously cast square billets that meet higher quality standards both in terms of chemical composition and physical structure after crystallization. These semi-finished products are used to make long and structural shapes for critical applications.

“Metinvest is a vertically integrated group of steel and mining companies. The Group’s enterprises are located primarily in Donetsk, Luhansk, Zaporizhzhia and Dnipropetrovs’k regions. The main shareholders of the holding are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage it. Metinvest Holding LLC is the management company of Metinvest Group.