Business news from Ukraine

Business news from Ukraine

ALFA-BANK OPENS CO-WORKING SPACE IN LVIV

Alfa-Bank (Kyiv) on December 18 opened the AHUB co-working space with a conference room for educational and business events, meeting rooms and multimedia spaces in the center of Lviv, according to the website of the financial institution.
“AHUB is a space for work and meetings of Alfa-Bank clients. This is a place that can replace an office or a meeting room for someone … We immediately announce the opening of AHUB in Kyiv next year,” the executive director of Alfa-Bank, Olha Fylypenko, said.
According to the press service of the bank, AHUB covers an area of 326 square meters and is located in a building rented by Alfa-Bank on Rynok Square, which also houses a bank branch.
It is indicated that in addition to access to the business space, AHUB offers an educational program, in particular thematic offline and online events with the possibility of remote access to them.
In addition, the AHUB has a relax room, a stress room and a bar, the report says.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 18/12/20

National bank of Ukraine’s official rates as of 18/12/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF DECEMBER 18

Official rates of banking metals from national bank as of December 18

One troy ounce=31.10 grams

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FERREXPO PAID OVER UAH 2.45 BLN OF TAXES FOR 9 MONTHS

Enterprises of Ferrexpo (Poltava Mining, Yeristovo Mining and Belanovo Mining) paid more than UAH 2.45 billion of taxes and charges to budgets of different levels by results of January-September 2019, which is more than for the corresponding period of year 2019.
According to the structure of the enterprises’ payments, during the period under review, Poltava Mining (Ferrexpo Poltava Mining, FPM, belongs to Ferrexpo) transferred taxes and contributions to the budget of Ukraine for more than UAH 1923.0 million, Yeristovo Mining (Ferrexpo Yeristovo Mining, FYM, belongs to Ferrexpo) – more than UAH 508.5 million, Belanovo Mining (Ferrexpo Belanovo Mining, FBM belongs to Ferrexpo) – more than UAH 13.5 million.
Poltava Mining paid to the local budget more than UAH 221.8 million, to the regional budget – more than UAH 228.4 million, to the State Budget of Ukraine – more than UAH 1206.2 million (13%, 14% and 73% accordingly). The unified social tax of the enterprise exceeded UAH 266.3 million.
Yeristovo Mining transferred to the local budget more than UAH 57.8 million, to the regional budget – more than UAH 73.0 million, to the State Budget of Ukraine – more than UAH 326.0 million (13%, 16% and 71% accordingly). The unified social tax of the enterprise exceeded UAH 51.7 million.
Belanovo Mining paid to the local budget more than UAH 6.1 million, to the regional budget – more than UAH 0.8 million, to the State Budget of Ukraine – more than UAH 3.3 million (60%, 8% and 32% accordingly). The unified social tax of the enterprise exceeded UAH 3.3 million.
For nine months of 2020, FPM paid the corporate profit tax in amount of more than UAH 955.3 million, environmental tax – more than UAH 88.7 million, land tax – more than UAH 42.7 million, income tax – more than UAH 232.5 million, other taxes and contributions – more than UAH 51.7 million. Royalty payments exceeded UAH 285.5 million.
Yeristovo Mining paid for the same period environmental tax in amount of more than UAH 26.5 million, personal income tax – more than UAH 46.7 million, income tax – more than UAH 94.7 million and other taxes and contributions – more than UAH 51.7 million. Royalty payments exceeded UAH 194.5 million.
Main payments of Belanovo Mining to the budget for nine months of the current year included land tax in amount of more than UAH 3.7 million and personal income tax – more than UAH 3.6 million.
Notes to Editors:
Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It has been mining, processing and selling high quality iron ore pellets to the global steel industry for over 40 years. In 2019, the Group produced 10.5 million tonnes of pellets ranking it as the 3rd largest exporter of pellets to the global steel industry with a market share of approximately 8%. Ferrexpo has a diversified customer base supplying steel mills in Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey, Vietnam and America. Ferrexpo has a premium listing on the main market of the London Stock Exchange under the ticker FXPO.

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NINE UKRAINIAN BANKS VIOLATE REQUIREMENTS IN DEC

The single counterparty exposure limit (H7, should be no more than 25%) as of December 1 was violated by Prominvestbank (84.03%), Industrialbank (82.88%), Sberbank (53.13%) and Misto Bank (39.21%), according to the website of the National Bank of Ukraine (NBU).
According to the regulator, the related party transactions exposure limit (H9, should not exceed 25%) was violated by Megabank (37.56%), First Investment Bank (52.6%) and Unex Bank (29.21%).
The limit on bank total long open FX position (L13-1, should be no more than 10%) was violated by Prominvestbank (133.41%), Oschadbank (119.97%), PrivatBank (98.27%) and Industrialbank (13.15%).
The limit on bank total short open FX position (L13-2, should be no more than 10%) was violated by Prominvestbank (167.35%).
Misto Bank, recognized by the NBU as insolvent, violated the short-term liquidity ratio (H6, at least 60%), which amounted to 44.36%.

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NOVA POSHTA INVESTS UAH 12 MLN IN SERVICE CENTER

Nova Poshta has launched a new service center on the demarcation line in Novotroitske (Donetsk region) and opened its own branch there.
The company said this is one of nine facilities at the checkpoints of entry and exit, the construction of which is being implemented by the Ministry for Reintegration of the Temporarily Occupied Territories in cooperation with Ukrainian business – the facility in Novotroitske was built entirely at the expense of Nova Poshta, which invested UAH 12 million in it.
The checkpoint has an administrative services center, an employment center, Oschadbank, a pharmacy, a medical center, a National Police station, a cafe and a mother and child room. The territory will have Wi-Fi and recreation areas.
In addition, the service center has a branch of Nova Poshta, where customers will be able to send and receive parcels weighing up to 30 kg, and financial services will also be provided: payment of utility bills, cash withdrawals from a card, money transfers, etc.
“Nova Poshta deliberately joined an important initiative of the Ministry of Reintegration and invested in the development of the country’s service infrastructure. For us, as a socially responsible business, it is important to support Ukrainians and provide them with the opportunity to receive a full range of services and goods from Ukrainian and international stores that they need,” CEO of Nova Poshta Oleksandr Bulba said.

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