Business news from Ukraine

Business news from Ukraine

ICU PLANS TO LAUNCH UNSORTED SOLID HOUSEHOLD WASTE TREATMENT PLANT

The ICU Group seeks to launch the largest unsorted solid household waste treatment plant in Ukraine in Zhytomyr using the MBT technology (mechanical, biological and thermal treatment of solid municipal waste), ICU Managing Partner Makar Paseniuk has said in an interview with Interfax-Ukraine.
“We expect to start the plant before the end of this year. We can obviously draw some conclusions on the first results of work, only at the end of 2020. This is a very dynamic business, a large number of factors affect its work,” Paseniuk said. According to him, following the results of testing this business model, the group will be able to make a decision on its offer for potential co-investment.
Paseniuk said that for Ukraine, the MBT technology is innovative, there is no experience of its implementation in the country yet.
As reported, referring to the press service of ICU, MS Social Project LLC (Kyiv), part of the ICU Group, will invest up to EUR 10 million in construction of the largest unsegregated solid household waste treatment plant in Zhytomyr. After the implementation of this project in Zhytomyr we are considering the possibility of building this type of plants in other cities of Ukraine.
Tehnix (Croatia), which is the equipment manufacturer and developer of MBT technology was selected a contractor for the implementation of the project. Tehnix has built and commissioned more than 50 similar plants in the EU countries, in the countries where solid household waste, as well as in Ukraine, is not segregated at home.
The design capacity of the plant involves the processing of about 82,000 tonnes of solid waste per year. The depth of treatment using this technology will reach 85-95%, and its result will be the receipt of secondary raw materials, alternative refuse-derived fuel (RDF) for cement plants and compost from the organic fraction of solid waste.

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NATIONAL BANK STARTS PUBLISHING DATA ABOUT INDIVIDUALS’ DEPOSITS IN TERMS OF AMOUNTS, CURRENCIES

The National Bank of Ukraine (NBU) has started publishing data about individuals’ deposits in banks in terms of their amounts and the currency of the deposits, as well as the amount of possible refunds by the Deposit Guarantee Fund.
“The information is first published by banks on their websites until the end of the month following the reporting month, and then in aggregated format on the National Bank’s website in the Statistics – Banking System Indicators section, the NBU said on its website.

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LEADING PRESIDENTIAL CANDIDATE ZELENSKY SUGGESTS STRIPPING IMMUNITY FROM PRESIDENT, DEPUTIES AND JUDGES BY ONE LAW

Presidential candidate of Ukraine Volodymyr Zelensky offers to lift immunity from the country’s president, parliamentarians and judges by one law.
“Let it sound in a populist way, but no one offered or read in the programs of other candidates the following: stripping immunity from the president, deputies and judges. It is advisable that all this should be consolidated in one law,” he said in the “Interview with the presidential candidate” program on ICTV.
Zelensky pointed out that the Verkhovna Rada can lift immunity from the president, but block its withdrawal from deputies.
Responding to the comment that the immunity of deputies and the president is written into the Constitution of Ukraine, and the immunity of judges is a “slightly different” issue, Zelensky responded: “Our legal experts and lawyers are already preparing this bill. We’ll see.”

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AGROLIGA FROM KHARKIV SEES 38% RISE IN PROFIT IN 2018

The Agroliga group of companies (Kharkiv region) saw EUR 5.75 million in net profit in 2018, which is 38.2% more than in 2017.
According to a report of the holding company of the group – Agroliga Group Plc – on the Warsaw Stock Exchange (WSE), revenue slightly fell, to EUR 21.65 million.
Gross profit last year rose by 1.7%, to EUR 6.06 million and operating profit – by 44.9%, to EUR 5.98 million.
Earnings before interest, taxes, depreciation and amortization (EBITDA) grew 1.6-fold, to EUR 7.01 million. Net debt increased 2.1-fold, to EUR 11.01 million.
Assets expanded 1.7-fold, reaching EUR 42.19 million as of December 31, 2019.
Agroliga has been operating on the Ukrainian agricultural market since 1992. Its enterprises are engaged in growing grain crops, processing sunflower seeds, and dairy farming.
The group cultivates about 10,000 hectares of land.
The majority shareholders of the group are Oleksandr Berdnyk with a share of 41.66%, and Iryna Poplavska with 41.66%.

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