Business news from Ukraine

“Ukrzaliznytsia” has changed schedule of trains on Kyiv-Premysl route

JSC “Ukrzaliznytsia” (UZ) has made changes to the schedule of two Intercity+ trains on the Kyiv-Premysl route to reduce the risk of delays at the border.

“Starting August 10: train No. 715 Kyiv-Premysl will depart from Kyiv at 11:26 instead of 11:59. Train No. 705 Kyiv-Premierzl will depart at 19:19 instead of 20:05,” the company’s press service posted on Facebook on Thursday.

At the same time, as indicated, the arrival time of both trains to Przemyśl will not change. The additional time will be used to extend the stop at Lviv station for border and customs control.

Due to the high traffic, Ukrzaliznytsia advises passengers to allow at least 2-2.5 hours for the transfer.

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EVA has opened 28 stores and plans to open 30 more by end of year

In January-June 2024, Ukrainian grocer EVA opened 28 new stores, expanding its network to 1080 outlets in Ukraine.
According to the retailer’s press service, by the end of this year, it is planned to launch 30 more new EVA stores, mainly in the Women’s Energy chain format.
According to the chain, as of the end of June, e-commerce accounted for 14% of the chain’s sales. In addition, the assortment from third-party sellers on the Eva.ua marketplace already includes 10 thousand SKUs, with sales of over UAH 500 thousand.
In January-March, the total web traffic on the retailer’s platforms averaged 13 million sessions per month, which made it possible to generate 13-14 thousand online orders, the report says. Meanwhile, about a third of online orders are made through the EVA mobile app, and the number of app installations reached 4.2 million by the end of June.
According to the press release, the number of online ordering points currently stands at 1064 in 340 cities. By the end of the first half of 2024, the share of online orders delivered to the points of delivery by the retailer’s own transport reached 51%. Courier delivery is currently available in Kyiv, Lviv and Dnipro.
In the first half of the year, the company also expanded the warehouse area of the online store in Lviv by 2.6 thousand square meters (up to 24.8 thousand square meters). In addition, the company is building a new building, automating processes at its distribution center in Odesa and increasing the level of automation at its warehouses in Lviv and Brovary, the retailer said.
In January-March 2024, the amount of funds allocated to charitable and social initiatives by EVA and its customers amounted to UAH 18 million.
RUSH LLC, which manages the EVA chain, was founded in 2002. As of June 30, 2024, the chain had 1080 stores in operation.
According to Opendatabot, the owner of RUSH LLC is Insetra Holdings Limited (Cyprus, 100%), and the company’s ultimate beneficiaries are Ukrainian businessmen Ruslan Shostak and Valeriy Kiptyk.
According to RUSH’s financial results, the company’s revenue last year increased by 33.7% to UAH 21 billion, net profit by 26% to UAH 2.2 billion, and asset value by 45.2% to UAH 15.03 billion. In 2023, EVA paid UAH 2.02 billion in taxes and fees to the budgets of all levels.

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“United Mining and Chemical Company” earned 61.6 mln in profit

PrJSC United Mining and Chemical Company (UMCC), which manages Vilnohirsk Mining and Metallurgical Plant (VGMK, Dnipro region) and Irshansk Mining and Processing Plant (IGOK, Zhytomyr region), posted a net profit of UAH 61.6 million in January-June 2024.
According to Yegor Perelygin, interim chairman of the board of UMCC, on Facebook, EBITDA in this period amounted to UAH 139.8 million.
At the same time, sales of finished products in monetary terms increased by 39.1%. The Group sold nearly 70 thousand tons of main concentrates, which is 20 thousand tons more than in the same period last year. The Group paid UAH 211 million in taxes.
“We started the second half of the year very actively and energetically. I can say that, despite all the problems, Vilnohirsk Mining has a normal operating perspective until 2030. We have enough reserves for the economically viable operation of the plant,” said the CEO.
There are several options and scenarios for further developments after 2030, and UMCC is working on them, he added. He clarified that mining operations at Irshansky GOK were fully resumed in the second half of 2024, and two open pits are operating steadily. SOE also said that the nameplate capacity of Irshansk GOK is 2.5 million cubic meters of production.
“Having an understanding of our balance sheet reserves, we see at least 15 years of prospects at a capacity of 180-200 thousand tons per year (after all the reconstructions, this is the real passport capacity of ‘finishing’, i.e., final products). Also, don’t forget that we still have the Selyshchanska area and off-balance sheet resources,” explained the acting Chairman of the Board.
“I’ll be blunt: we have a good understanding of the future development of the entire Irshansk resource base within a time horizon of 27 years at Irshansk GOK (and even more!!!). We are calmly moving forward,” the CEO summarized.
As reported, in the first quarter of 2024, UMCC received UAH 30 million of net profit, while in the same period last year there was a loss.
UMCC started its actual operations in August 2014 after the property complexes of Vilnohirsk Mining and Metallurgical Plant and Irshansk Mining and Processing Plant were transferred to its management by the Cabinet of Ministers. On December 8, 2016, the state-owned enterprise was transformed into PJSC UMCC, and on December 26, 2018, it was transformed from PJSC to PrJSC.
UMCC used to sell its products to more than 30 countries. The main sales markets were the EU, China, Turkey, as well as the USA and African countries.
Ukraine has scheduled the auction of a 100% stake in UMCC for October 9, 2024, via Prozorro.Sale. The starting sale price is UAH 3 billion 899.358 million.

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Dynamo Kyiv defeated Partizan Serbia and reached next round of Champions League

In the second qualifying round of the Champions League away match against Partizan in Belgrade, Dynamo Kyiv once again confidently beat the Serbian club with a score of 3-0.
In the first match, Kyiv won 6-2 and thus advanced to the third qualifying round, where their opponent will be Scottish Rangers (Glasgow).
Andriy Yarmolenko, Vladyslav Vanat, and Oleksandr Karavayev scored the goals in the return match for Dynamo.

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Harvest volumes of grains and pulses, mln tons

Harvest volumes of grains and pulses, mln tons

Source: Open4Business.com.ua

 

OKKO paid more than UAH 9.7 bln in taxes

In January-June 2024, the OKKO filling stations network transferred UAH 9.741 billion to budgets and social funds, which is 57% or UAH 3.5 billion more than in the same period of 2023.
“We paid UAH 2.240 billion in taxes and fees directly from operating activities in the first 6 months of 2024. This amount includes VAT (except for import customs duties), retail excise, personal income tax, military duty, land fees, and the mandatory state pension insurance fee,” the company’s website reports.
In addition, another UAH 7.501 billion was paid when importing goods. As the company explained, the amount of taxes paid in this category depends on whether the group’s companies import fuel directly or buy already cleared products from foreign plants on the domestic market.
“In June 2024, the enemy destroyed two of our oil depots. In total, since the beginning of the full-scale invasion, OKKO’s losses as a result of hostilities amounted to $70 million. But we continue to work – we restore filling stations, invest, pay taxes in good faith, and help the Armed Forces,” said Nazar Kupybida, OKKO Vice President for Finance.
According to him, over the past two and a half years, OKKO Group has already paid UAH 33 billion in taxes and donated more than UAH 1.8 billion as charity to support the army and restore the country.
In the first half of 2024, each OKKO filling station paid UAH 5.629 million in taxes and fees per filling station, or UAH 0.938 million per month. This figure is 23% higher than in the first half of 2023. The payment of taxes on operating activities per 1 liter of fuel sold at OKKO filling stations amounted to UAH 3.40/l in the reporting period, which is almost UAH 1 higher than in the first half of 2023 – UAH 2.43/l.
OKKO Group unites more than 10 diversified businesses in production, trade, construction, insurance, maintenance and other services. The flagship company of the group is Galnaftogaz, which operates one of the largest filling stations in Ukraine under the OKKO brand, with about 400 filling stations.
The group’s founder and ultimate beneficiary is Vitaliy Antonov.

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