Business news from Ukraine

Business news from Ukraine

Ukraine has sent 3850 tons of flour to Syria

Ukraine has supplied an additional 3,850 tons of wheat flour to Syria as part of President Volodymyr Zelenskyy’s humanitarian program Grain From Ukraine, Foreign Minister Andriy Sybiga said.

“Together with 500 tons in December, this will provide 60 thousand Syrians for six months,” he wrote on social networking site X.

Sybiga assured that Ukraine continues to support the Syrian people and food security in the Middle East.

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“Meridian” will allocate up to 70% of its profits for dividends

PJSC “Meridian” named after Korolyov” (Kyiv), a part of the state concern ‘Ukroboronprom’, plans to allocate 30% or 70% of its net profit of UAH 11 million for dividends in 2024.

These two draft resolutions on dividend payments are on the agenda of the general meeting of shareholders scheduled for April 17.

If 30% of the net profit is allocated to dividends, they will be accrued in the amount of UAH 3.27 per share of UAH 0.5 par value, and 70% – UAH 7.65 per share.

The dividends are to be paid by July 1 this year.

As reported, in 2023, Meridian paid dividends to shareholders of UAH 11 million (90% of net profit of UAH 12.205 million) at the rate of UAH 10.90 per share.

According to the National Securities and Stock Market Commission (NSSMC), as of the third quarter of 2024, the state, represented by Ukroboronprom, owns 50%+1 share of PJSC Meridian named after Korolyov, and another 40.0753% is owned by Meridian Soyuz LLC, one of the beneficiaries of which, according to Clarity Project, is Vadym Hryb, co-owner of the Tekt investment company.

At the meeting, the shareholders also plan to change the type of company from a public joint-stock company (PJSC) to a joint-stock company (JSC) and re-elect the supervisory board, terminating the powers of the previous six-member board.

“Founded in 1953, Meridian is a diversified enterprise specializing in the development and serial production of electronic devices for various purposes, including radio measuring instruments: frequency meters, spectrum analyzers, and generators.

The company also performs galvanizing, laser cutting of metals, and plastic molding.

According to Clarity Project, the company increased its net revenue by 24% in 2023 to UAH 177.43 million, while net profit decreased by 27% to UAH 12.2 million.

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Components of state budget expenditures in 2021-2024, UAH billion

Components of state budget expenditures in 2021-2024, UAH billion

Source: Open4Business.com.ua

Swedish and Ukrainian Saab and Radionix to form defense partnership

Swedish and Ukrainian defense companies Saab and Radionix have signed a memorandum of understanding to form a strategic cooperation in the field of sensors and defense electronics to strengthen Ukraine’s defense capabilities.

According to Saab’s website, the cooperation will involve the development and maintenance of sensors and defense electronics, utilizing the strengths of both companies.

Radionix will provide valuable know-how in the field of radar and optical sighting equipment, while Saab will contribute its experience in the defense industry and knowledge in these technological areas.

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Analysis of residential real estate market in Montenegro in 2024 and forecasts for 2025

The residential real estate market in Montenegro in 2024 showed a significant increase in prices for both apartments and houses. The average cost of housing in new buildings increased by 20%, reaching EUR 1,844 per square meter.
Regional differences in prices:

Podgorica: In the capital, the average housing price increased by 11.5% to 1,763 euros per square meter in the second quarter of 2024.
Coastal areas: In the coastal region, prices for apartments and houses increased by almost 30% over the year to 2,028 euros per square meter.
Central region: In the central region, the average price of housing increased by 34.5% compared to the previous year and amounted to 960 euros per square meter in the second quarter of 2024.
Northern region: In the north of the country, the average cost of new housing rose by 7.1% to €1,306 per square meter.

Price growth factors:

Demand from foreign investors: Montenegro continues to attract foreign buyers due to its loyal tax policy and prospects of joining the European Union.
Limited supply: In popular tourist regions such as Budva, Tivat and Bar, there is a shortage of luxury housing, which contributes to the growth of prices.
Economic reforms: Montenegro’s accession to international organizations and expected accession to the European Union make the region more stable for long-term investment.

Forecast for 2025:

Experts predict continued growth in real estate prices in Montenegro in 2025, especially in areas with developed tourist infrastructure. Demand for luxury properties in coastal areas is expected to remain high, leading to further price increases.

Buyers are advised not to postpone their decision to purchase real estate, given the current market trends.

http://relocation.com.ua/analiz-rynku-zhytlovoi-nerukhomosti-cho/

 

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Schneider Electric was announced as world’s most sustainable corporation for second time

– The first corporation to top the Corporate Knights Global 100 twice

– 14th consecutive year in the Global 100, 7th time in the top ten

– Strong results in key ESG rankings for 2024

Rueil-Malmaison (France), January 22, 2025 – Schneider Electric, a leader in digital transformation in energy management and automation, has been named the World’s Most Sustainable Corporation 2025 by Corporate Knights and is the only company to be ranked first twice in the Global 100. For the first time, Schneider Electric topped this annual list of the most sustainable public companies with annual revenues over $1 billion in 2021. This unique achievement underscores the company’s long-term commitment to sustainability and its integrated approach to achieving the best environmental, social and governance (ESG) results.

“For many years, sustainability has been at the heart of Schneider Electric’s business. For IMPACT, it is not just a corporate goal, but a driving force that drives our business decisions and inspires our employees,” said Olivier Blum, CEO of Schneider Electric. “Being named the second Most Sustainable Corporation in the World by Corporate Knights, along with other key ESG recognitions, is a testament to the meaningful, long-term positive impact we are making.”

This year’s top spot for Schneider Electric reflects its leadership in sustainability, including its gender balance among executives and board members, as well as its innovative solutions for energy efficiency, electrification and decarbonization. Schneider also received high marks for its efforts to decouple energy consumption and carbon emissions from business growth, as well as for its significant investment in sustainable research and development. Corporate Knights also noted the correlation between the executive compensation system and the company’s sustainability goals and ESG ratings.

The annual Global 100 index, compiled by Canadian media and research company Corporate Knights, is based on openly available quantitative data on resource use, employee and supplier policies, sustainable revenues and investments. The Global 100 methodology uses both fixed and variable key performance indicators to compare companies among their competitors. Schneider Electric has been included in the Global 100 for the 14th consecutive year and the 7th time in the top 10, a record for its electrical equipment industry.

The awarding of this title in 2021 and 2025 coincides with the beginning and end of the five-year period of the latest Schneider Sustainability Impact program. This program measures the company’s progress against a number of key ESG goals set for the end of 2025 and helps maintain a sustained focus on achieving both global and local ambitions.

Schneider ‘s leadership in sustainability is also recognized by recent high scores from leading ESG rating providers:

See also:

Schneider Electric latest sustainability performance reports

Environment, Social, Governance (ESG) FAQ

About Schneider Electric

Schneider’s purpose is to create impact by empowering everyone to make the most of our energy and resources, ensuring progress and sustainability for all. We call it Life Is On.

Our mission is to be a trusted partner in sustainability and efficiency.

We are a global technology leader, bringing world-class expertise in electrification, automation and digitalization to smart industries, reliable infrastructure, future-proof data centers, smart buildings and intuitive homes. Drawing on our deep industry expertise, we provide integrated end-to-end AI-enabled industrial IoT solutions with connected products, automation, software and services, creating digital twins to drive profitable growth for our customers.

Ourmain resource is our 150,000 employees and more than a million partners operating in more than 100 countries to ensure proximity to our customers and stakeholders. We support diversity and inclusion in everything we do, guided by our meaningful purpose of a sustainable future for all.

www.se.com

 

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