Myronivsky Hliboproduct agricultural holding (MHP), whose majority shareholder and chairman of the board is Yuriy Kosiuk, has confirmed information about financing the Foundation for Support of Reforms in Ukraine by five of its enterprises, but the foundation independently decided on spending these funds, in particular on payment for the services of the U.S. lobbying company BGR in 2017-2018 for the National Reforms Council, led by the then President of Ukraine Petro Poroshenko.
“MHP companies really provided financial assistance to the Foundation for Support of Reforms in Ukraine. Financial assistance was provided to achieve the goal of the organization, namely to promote the development of Ukraine and the growth of well-being of its citizens by providing support in the development and implementation of reforms in Ukraine,” the press service of the holding told Interfax-Ukraine.
The agricultural holding said that MHP and its chairman did not used the funds provided to the Foundation for Support of Reforms to directly finance lobbying in the United States or other specific areas.
“The public organization independently determines the use of funds received from all founders and partners, taking into account the detailed directions of activity,” MHP noted.
According to the Kyiv Post edition, the administration of President Poroshenko through the Foundation for Support of Reforms in Ukraine paid for the services of American lobbyists at the expense of contributions made by Kosiuk, who at that time was a freelance adviser to the head of state, and it took $600,000 in 2017-2018. The matter concerns five agricultural firms: PrJSC Zernoproduct MHP, Vinnytsia Poultry Farm LLC, PrJSC Myronivska Poultry Farm, Research and Production Firm Urozhay LLC, and Urozhaina Kraina LLC. In addition to the money from Kosiuk, this public organization received grants of millions of dollars in support of reforms from embassies and Western donors, including American ones, Kyiv Post said.
LOBBYING, MYRONIVSKY HLIBOPRODUCT, POROSHENKO, REFORMS, SUPPORT FOUNDATION
The Chornomorsk seaport (Odesa region) in January-October 2019 increased cargo handling by 23.2% year-over-year, to 21.051 million tonnes.
According to the Ukrainian Sea Ports Authority, during this period the port increased export transshipment by 24.4%, to 16.181 million tonnes, import transshipment by 15.9%, to 3.8 million tonnes, transit transshipment by 19.7%, to 881,230 tonnes, and also significantly raised transshipment of cabotage goods, almost by 3.7 times, to 179,750 tonnes.
Transshipment of liquid cargo in the port in January-October rose by 9.1%, to 1,377 tonnes, dry bulk cargo by 26.5%, to 14.42 million tonnes, packaged goods by 21.1%, to 5.253 million tonnes.
Transshipment of containers amounted to 111,279 TEU (an increase of 9%).
As reported, the volume of transshipment at the port in 2018 increased by 25.02% compared to 2017, to 21.54 million tonnes.
Chornomorsk port is a universal international port, one of the largest on the Black Sea.
Black Sea Oil Industry LLC (Kyiv) plans to build a vegetable oil refining and bottling complex at the Pivdenny maritime merchandise port (Odesa region).
According to the unified register of environmental assessment, the complex will have an oil refining workshop with a daily capacity of 350 tonnes or an annual capacity of 115,500 tonnes and a vegetable oil bottling workshop with the same capacity.
The bottling workshop will have two plastic bottling lines with a capacity of 10,000 liters per hour and 12,500 liters per hour.
According to the unified public register of companies and private entrepreneurs, the founder of Black Sea Oil Industry LLC is Iryna Hlushets. The company was registered in June 2019.
Milk production in Ukraine in January-October 2019 decreased by 3.6% compared to the same period in 2018, to 8.4 million tonnes.
According to the State Statistics Service, in January-October 2019, farmers produced 2.73 million tonnes of meat (live weight), which is 6.3% more than in the same period of 2018.
Egg production grew by 4%, to 14.32 billion units.
IMC agricultural holding in January-September 2019 saw $18.35 million in net profit, which is 43% less than a year ago.
According to a company report on the Warsaw Stock Exchange (WSE), revenue over the period grew by 46%, to $118.77 million.
Gross profit fell by 19%, to $48.54 million, and operating profit – by 42%, to $22.81 million.
Earnings before interest, taxes, depreciation and amortization (EBITDA) over the period fell by 21%, to $39.96 million.
As of September 30, 2019 noncurrent liabilities of the company totaled $108.95 million compared with $24.93 million as of late September 2018. Current liabilities reached $89.03 million ($81.39 million).
After the reporting period, IMC repaid loans and interest in the amount of $4.72 million and received loans in the amount of $2.85 million.
According to the document, revenue from the sale of corn for the reporting period increased 54%, to $93.34 million, wheat 2.2 times, to $12.77 million, soybeans 22%, to $2.22 million, milk 12%, to $1.13 million. At the same time, revenue from the sale of sunflower decreased 14%, to $7.52 million.
IMC specializes in growing grains, oilseeds and milk production in Ukraine. The agricultural holding processes about 130,000 hectares of land in Poltava, Chernihiv, and Sumy regions. It owns storage capacities of 554,000 tonnes of grains and oilseeds.
