In 2022, Kremenchuk Steel Plant JSC (Kremenchuk, Poltava region), part of the industrial assets of TAS Group, posted a net profit of UAH 50.281 million, while it ended 2021 with a net loss of UAH 56.833 million.
According to the agenda of the company’s general meeting of shareholders published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC) on November 13, the company’s uncovered loss as of January 1, 2023 amounted to UAH 56.886 million.
The shareholders intend to amend the charter, review the reports of the supervisory board for 2021 and 2022, consider the conclusions of the audit reports, approve the results of the company’s financial and economic activities for these years, determine the procedure for distributing profits (compensation for losses), approve annual reports, hold elections of the supervisory board, and consider other issues.
As reported, Kremenchuk Steel posted a net loss of UAH 22.81 million in 2020.
Kremenchuk Steel is a leading Ukrainian foundry producing steel castings for freight cars and heavy trucks.
According to the second quarter of 2023, Defano Investments Ltd (Cyprus) owns 48.4421% of the shares of PJSC “KSP”, FinEuroVector Financial Company LLC – 18.8392%, Alfa Cross Financial Company – 24.9%, Alta Finance LLC – 5.7276%.
TAS Group was founded in 1998. Its business interests include the financial sector (banking and insurance segments), industry, real estate, agriculture, and venture capital projects. The founder and major shareholder of the group is Sergey Tigipko.
Stodola (Mykolaiv region) has launched an organic tomato processing line that will reach full capacity next year, Organic Standard LLC, which specializes in certifying organic producers, reported on Facebook.
“This year we launched a new line with a capacity of 2 tons per hour. We plan to reach this volume of processing next year. This year, it is still difficult to say how much tomatoes we will process,” Stodola owner Yan Ostrovsky was quoted as saying.
According to Ostrovsky, Stodola will produce organic juices, sauces, pickled and dried tomatoes, and purees. These products will be presented on the domestic market, and test batches for export are also planned.
Stodola LLC was registered in 2018 in Mykolaiv region, where it operates an agricultural and gastronomic business. It specializes in growing certified organic vegetables, berries, fruits and their preservation. He has a registered trademark and a restaurant of the same name – Stodola.
According to Opendatabot, the company’s revenue in 2022 amounted to UAH 1.487 million, of which UAH 612.8 thousand was net profit. The company’s assets amounted to UAH 1.687 million, and its debt obligations amounted to UAH 240 thousand.
The German Ministry of Defense has announced that it is preparing a new “winter package” of aid for Ukraine worth about 1 billion euros, which will include additional Patriot and IRIS-T air defense systems, as well as Gepard self-propelled air defense systems.
“Germany is preparing a second winter package for Ukraine: to protect critical infrastructure and provide further support, Germany is providing additional air defense with Patriot, IRIS-T SLM and SLS worth approximately 1 billion euros, as well as three Gepard self-propelled air defense systems,” the Defense Ministry said in a statement on X.
The Defense Ministry also reported that in the next few weeks, 10 more Leopard1 A5 main battle tanks, 15 protected transport vehicles and almost 20 protected medical vehicles will arrive in Ukraine.
“Germany will continue to support Ukraine with what it needs most – air defense, ammunition and tanks,” German Defense Minister Boris Pistorius said.
Ukraine continues sowing winter crops, which have already been planted on 3.7 million hectares compared to 2.992 million hectares a week earlier, the Ministry of Agrarian Policy and Food reported.
According to the report, over the past week, farmers sowed 2583 thousand hectares of winter crops (764.7 thousand hectares a week earlier), of which wheat was sown on 2352 thousand hectares (1.743 million hectares), barley – 171 thousand hectares (109 thousand hectares), rye – 60 thousand hectares (53.6 thousand hectares).
The Ministry of Agrarian Policy noted that the agrarians of Sumy region are leading in sowing of winter crops – 97% of the forecast. The leaders in wheat sowing are Dnipropetrovska oblast with 271.3 thou hectares, barley – Mykolaivska oblast with 25 thou hectares, rye – Volynska oblast with 13 thou hectares.
Winter rapeseed sowing is nearing completion in all regions. The area under the crop is 1.111 mln ha (1.087 mln ha), which is 91.7% of the plan. Dnipropetrovs’k and Odesa regions are the leaders in sowing of winter rapeseed with 117.3 thou hectares and 103.6 thou hectares respectively.
As reported with reference to the survey conducted by the Ministry of Agrarian Policy, the vast majority of farmers do not plan to significantly change the area under winter crops in 2024 compared to the previous season.
In January-September of this year, Ukraine increased exports of sunflower oil by 40.3% in physical terms compared to the same period last year – up to 4 mln 94.4 thsd tonnes, but in monetary terms it decreased by 5.8% to $3 bln 724.01 mln, which amounted to 13.72% of total Ukrainian exports.
According to the statistics released by the State Customs Service, the main exports were to Turkey (18.44% of shipments in monetary terms), Romania (16.59%) and China (12.15%).
In the first nine months of this year, the exports of soybean oil increased by 20.2% to 207.1 thsd tonnes, but the revenue from these exports also decreased by 21.7% to $181.24 mln.
The top 3 importing countries of Ukrainian soybean oil are Poland (69.1% of supplies in monetary terms), Germany (5.19%) and the United Arab Emirates (4.67%).
Exports of rapeseed and mustard oil in January-September 2023 reached 244.71 thsd tonnes, up 9.3 times compared to January-September 2022. The sales of this type of oil brought Ukraine $205.72 mln, which is 5.8 times more than last year.
The key export countries of rapeseed and mustard oil were China (28.61% of supplies in monetary terms), Poland (20.08%) and Romania (15.22%).
In the first nine months of this year, margarine exports from Ukraine decreased both in physical terms (by 36.2%) and in monetary terms (by 37.5%) to 11.57 thousand tons worth $24.64 million.
At the same time, exports under article 1518 “fats, oils and vegetable oils subjected to chemical modification” increased by 70.4% in physical terms to 12.60 thousand tons, and by 16.2% in monetary terms to $11.22 million.
As for imports, the largest item in this segment of foreign trade remained the import of palm oil, which in January-September this year decreased both in physical (by 21.6%) and monetary terms (by 32.5%): 64.41 thousand tons of this type of oil were supplied to Ukraine, worth $82.46 million.
At the same time, imports of margarine to the country during the reporting period slightly decreased in physical terms by 0.3% to 9.07 thsd tonnes, but increased in monetary terms by 7.3% to $32.43 mln.
Finally, code 1516 “fats, oils, vegetable oils, chemically transformed without processing” closes the top three imports in this category – 11.23 thousand tons of products were supplied for $25.63 million, while in 9 months of last year there were 9.54 thousand tons for $26.62 million.
According to the State Customs Service, in the 12 months of pre-war 2021, exports of sunflower oil brought Ukraine $6.39 billion, soybean oil – $295.22 million, rapeseed and mustard oil – $222.56 million.
The main buyers of Ukrainian sunflower oil in 2021 were India (29.83% in monetary terms), China (14.36%), and the Netherlands (10.49%); soybean oil – Poland (66.42%), China (14.52%), and Germany (5.06%); rapeseed and mustard oil – the Netherlands (41.38%), Poland (30.42%), and China (12.49%).
An intergovernmental agreement on cooperation in the field of demining was signed on Tuesday in Zagreb by First Vice Prime Minister and Minister of Economy of Ukraine Yulia Svyrydenko and Vice Prime Minister and Minister of the Interior of Croatia Davor Božinović in the presence of Croatian Prime Minister Andrej Plenković, the Ministry of Economy of Ukraine reports.
“Ukraine is very grateful to the Croatian people and the Croatian government for the political, military, financial and humanitarian support that our country and Ukrainians have received since the beginning of the large-scale invasion… And today, Ukraine needs Croatia’s experience in demining and reconstruction and rehabilitation,” Svyrydenko said during a conversation with Plenkovic.
She also thanked Croatia for the programs aimed at rehabilitation of Ukrainian defenders and children of Ukrainian soldiers.
Speaking during the signing of the agreement on cooperation in the field of demining, Svyrydenko noted that Croatian-made demining machines are already operating in Ukrainian fields, and in the summer, Ukrainian and Croatian manufacturers agreed to localize the production of such machines in Ukraine.
“Today we are strengthening our cooperation. The intergovernmental agreement on cooperation in demining launches a new stage of cooperation between governments, experts, demining specialists, and manufacturers of both countries,” said the First Deputy Prime Minister.
The agreement envisages cooperation in the following areas: non-technical and technical survey, demining, and territory clearance; public education on the risks associated with explosive ordnance; assistance to mine victims; and development of a regulatory framework and standard procedures in the field of mine action.
In addition, it provides for trainings for specialists, exchange of experience among experts and teachers in training demining specialists, transfer of expert knowledge and best practices; exchange of knowledge on the production of protective equipment, mine detection and demining equipment, and training and certification of mine-sniffing dogs.
During the meeting in Zagreb, the parties also discussed strengthening cooperation between the countries in the economic sphere and in the area of reconstruction.
