Ukragrocom and Hermes-Trading intend to complete the purchase of Inter-Contact-Agro LLC and Start (both based in Kirovohrad region) worth $5.6 million by May 30.
According to a report on the group’s website, the purchase of the companies is carried out within the framework of increasing the land bank to 120,000 hectares. Two agribusinesses manage more than 6,500 hectares of agricultural land in Kirovohrad and Odesa regions.
The group of the companies Ukragrocom and Hermes-Trading are part of an agricultural corporation specializing in production of grain and oilseeds, breeding pigs and cattle.
The group currently leases about 114,000 hectares of land, has five elevators with a total capacity of 353,000 tonnes of grain, a dairy farm, and a sugar plant.
Cattle stock at the farms is 6,000, pig numbers about 11,000 animals.
According to the unified state register of legal entities and individuals, the ultimate beneficiary of Inter-Contact-Agro and Start is the largest shareholder and the chairman of the board of directors of Kernel agricultural holding, Andriy Verevsky.
The revenue of Inter-Contact-Agro in 2017 decreased by 16.7%, to UAH 30.92 million, and net loss by four times, to UAH 4.28 million. Data for 2018 are not yet available.
Businessman Vasyl Khmelnytsky intends to expand the area of the UNIT.City innovative park in Kyiv from 19 hectares to 26 hectares.
“We are now buying at dual prices those plots that were taken before us, and we’ll reach about 26 hectares,” Khmelnytsky said in an interview with the Novoye Vremia edition.
The UNIT.City innovative park officially opened in April 2017 in the territory of the former Kyiv motorcycle plant. The area of the park is 19 hectares. It includes the co-working area Chasopys-UNIT, the UNIT Factory IT school, three laboratories, a business campus, a fund and five accelerators. The park’s residents are 38 companies.
According to UNIT.City’s website, it is planned by 2019 to create four new business campuses, three accelerators, four funds and increase the number of resident companies to 100. By 2025, the park should include 25 hectares of space for work and leisure, as well as more than 300 companies and R&D laboratories (Research&Development are laboratories for the development of innovative technologies).
The managing partners of UNIT.City are Maksym Bakhmatov and Maksym Yakover (the CEO of the park).
Yakover is also a co-owner of the Chasopys creative co-working space at 3 Lva Tolstoho Street in Kyiv.
Ukrainian metallurgical enterprises in April 2018 increased steel production by 6% compared to the same period in 2017, to 1.721 million tonnes, rising from the 14th to 13th place in the ranking of 64 countries, the world’s main manufacturers of this product, compiled by the World Steel Association (Worldsteel).
In April growth in steelmaking compared to April 2017 was recorded in most of the top ten countries, except for Japan, Germany, and Turkey.
The top ten steel producers in April are as follows: China (76.698 million tonnes, a 4.8% growth), Japan (8.723 million tonnes, a 0.4% decline), India (8.692 million tonnes, a growth of 5.6%), the United States (6.930 million tonnes, an increase of 3.6%), Russia (6.030 million tonnes, an increase of 2.4%), South Korea (5.893 million tonnes, an increase of 7.1%), Germany (3.775 million tonnes, a 1.7% decline), Turkey (2.953 million tonnes, a 3.1% decline), Brazil (2.949 million tonnes, an increase of 1.9%), and Italy (2.061 million tonnes, an increase of 3.7%).
They are followed by Iran (1.950 million tonnes, an increase of 12.4%), Mexico (1.790 million tonnes, an increase of 13.7%), and Ukraine (1.721 million tonnes, an increase of 6%).
Some 64 countries in April 2018 produced 148.322 million tonnes of steel, which is 4.1% more than in April 2017.
The privatization plan for this year includes the sale of 25 large state-owned enterprises (SOE), First Deputy Prime Minister, Minister of Economic Development and Trade Stepan Kubiv has said.
“In 2018, we would offer 25 large enterprises for sale,” he said at a meeting of the National Investment Council in Kyiv on Friday.
“Our goal is to attract strategic investors who would be able to modernize production at large industrial enterprises and include them to the global chain of added value,” Kubiv said.
President of Ukraine Petro Poroshenko has met with President of the European Bank for Reconstruction and Development Suma Chakrabarti, the presidential press service has reported.
“We have a great history of cooperation between Ukraine and the EU. Today, the Beskydsky tunnel was opened – the largest infrastructure project in Ukraine, implemented with the help of international partners, including the EBRD. I am sure that every year we can jointly implement a number of major projects in different spheres,” the president of Ukraine emphasized.
The two discussed the state and prospects of Ukraine-EBRD partnership development. The Ukrainian president called on the president of the EBRD to double the funding of the projects and expand the scope of their implementation in Ukraine.
The presidents paid special attention to the implementation of reforms in the banking, energy and energy efficiency spheres.
They noted that the meeting of the National Investment Council to be held on May 25 should be an important event for presenting the results of the reforms to foreign investors and attracting investments for Ukraine’s economic development.
The president of the European Bank for Reconstruction and Development expressed willingness to continue supporting Ukraine on the way of implementation of structural reforms in the economy.
President of Ukraine Petro Poroshenko has held a meeting with the management of General Electric, Sumitomo and Marubeni prior the meeting of the National Investment Council on Friday.
They discussed the implementation of the contract concluded at the beginning of the year between PJSC Ukrzaliznytsya, PJSC Ukreximbank and General Electric U.S. regarding procurement, modernization and leasing of locomotives, the presidential press service reported.
The president informed of the opening of the Beskydsky railway tunnel, which will expand Ukraine’s transport and export opportunities.
General Electric Vice President Jamie Miller praised the course of reforms in Ukraine that contribute to the country’s development.
The parties discussed the participation of General Electric in the implementation of other projects, in particular, rural medicine project.
He also met with leaders of the Japanese companies Sumitomo and Marubeni.
The president noted the effective cooperation between Ukraine and Japan.
Poroshenko thanked the Japanese side for its large-scale projects, including the construction of the Boryspil Airport and the reconstruction of the Bortnychi aeration station.
The president separately noted the assistance of the Japanese side in implementing a number of humanitarian projects in Donbas.
The parties also discussed the issues of cooperation in the field of nuclear safety, energy saving technologies and infrastructure projects.
