Losses of late crops due to drought may amount to 10-15%, acting Minister of Agrarian Policy and Food Taras Vysotsky said during a national telethon.
“There are two main types of crops – early and late. If we are talking about the harvest of wheat, barley, peas, rapeseed, rye, oats, millet, this is the early group. It was affected by the heat wave, but not critically. The worst impact was recorded in the southeastern regions, but in general, we actually reached the previously forecasted figure (gross harvest – IF-U) for these crops, which is 2-3% lower,” he said.
The acting minister reminded that the group of crops with late ripening periods includes sunflower, corn and sugar beet. They are harvested mainly in the fall.
“This is likely to have a more negative impact of abnormal temperatures. It will be possible to determine the exact impact only after the harvest, but today it looks like the harvest of these crops may be reduced by up to 10-15%. There are regions where there will be no reduction, where there was sufficient rainfall to make it easier to cope with this abnormal heat. But there are regions where the impact is critical,” explained Vysotsky.
The acting minister added that the exact figures of crop losses due to the 2024 heat wave will be known in September-October, when the bulk of the harvest is collected.
Ukrnafta has elected the full composition of the Supervisory Board. Kateryna Kuznetsova, an independent member of the Supervisory Board, joined the team.
“The company is actively implementing the OECD corporate governance principles to ensure maximum efficiency of all processes in line with the best international practices, including gender balance and professional expertise,” said Sergiy Koretsky, CEO of Ukrnafta.
The composition of the Supervisory Board of PJSC Ukrnafta has been updated:
Kateryna Kuznetsova – independent director (member). She has more than 25 years of experience in international audit firms, having worked her way up from a junior consultant to a senior manager at ERNST & YOUNG (Australia); worked as a general manager of the finance department of the corporate center of SingTel Optus (the 2nd largest telecommunications operator in Australia); and was a director of the Capital Markets Group at PwC (UK).
Timothy Dodson is an independent director (member). With over 40 years of experience in mining and geology, he was Executive Vice President at Equinor and currently chairs the Board of Directors of Ennox Technology Sdn Bhd, Norway.
Duncan James Nightingale is an independent director (member). He has more than 30 years of experience in the oil and gas industry and is an international expert in the search for oil and gas reserves in Latin America, Europe, Africa and the Middle East.
Liudmyla Darahan is a representative of the state. State Secretary of the Ministry of Defense of Ukraine. Prior to that, she worked as Deputy Head, and before that as Chief of Staff of the State Property Fund. She was also the State Secretary of the Ministry of Veterans Affairs.
Roza Tapanova is a representative of Naftogaz of Ukraine and a member of the Supervisory Board of Oschadbank. She has over 16 years of experience in law. Honored Lawyer of Ukraine.
The company has united in its management bodies highly qualified professionals, including those with extensive international experience in geology, production, audit, law and management.
We work together every day to develop the industry and achieve Ukraine’s energy independence.
Source: https://www.ukrnafta.com/v-ukrnafti-obrano-povnyj-sklad-naglyadovoi-rady
Dynamics of export of goods in Jan-Apr 2024 by the most important
Source: Open4Business.com.ua
The largest Ukrainian chain of one dollar stores “Aurora” intends to open 400 new stores at the end of this year and reach 2 thousand outlets in Ukraine by the end of the next year, said the CEO of the network Taras Panasenko.
“In June we opened 40 stores, in July – 24, in August will be more than 30. The plan for this year is 400 stores, we fulfill it in principle. Today, together with Romanian stores we have already passed the figure of 1.5 thousand stores, 25 of them in Romania and more than 1480 in Ukraine. The plan in Ukraine is 2.5 thousand stores. I think that at the end of next year we will definitely exceed 2 thousand stores, and in 2026 we will reach the goal,” – said Panasenko at the Business Breakfast from Forbes Ukraine on Wednesday.
According to him, next year the chain plans to enter the Moldovan market, and in 2026 to expand to other markets, considering the Balkan countries.
In addition, the company intends to develop new formats in the network, as well as digital business. In particular, a new format store was opened in Kiev – with a larger area, children’s and beauty departments, as well as an area for a quick snack.
“Aurora is also continuing its development in waste sorting and recycling: it plans to open waste sorting points in two cities by the end of the year. Currently, such a point is functioning in Poltava.
According to Panasenko, the network’s revenue grew by 55% in the first quarter. The company has the same plan for the second quarter, despite the problems with electricity in July.
“We finished the first quarter as planned – we made 55%. I think the second quarter will be the same. Of course, the power outage and atypical heat wave in July had a significant impact. During this period we fulfilled the plan by 85-90%, but now the situation has normalized,” explained the businessman.
“Aurora” was founded in 2011 by Lev Zhidenko, Taras Panasenko and Lesya Klimenko. The main office of the retail chain “Aurora” is located in Poltava. Today the chain has more than 1400 stores in Ukraine and 25 in Romania.
According to Opendatabot, the owner of Vypodnaya Bukupa LLC, which develops the chain, is listed as the Cyprus-based Auroritail Investments Limited, with Zhidenko as its beneficiary. The Cypriot company is also the owner of Prior Development LLC, Seven A LLC, Industrial 9 LLC and Yes LLC.
According to the results of 2023, the net profit of the network amounted to UAH 4.1 billion, net income – UAH 27 billion.
Deputy Head of the Office of the President of Ukraine Ihor Zhovkva met with the newly appointed Ambassador of the Republic of India to Ukraine Ravi Shankar and congratulated him on the start of his diplomatic mission, the President’s website reported on Wednesday.
“During the meeting, the parties discussed the implementation of the Peace Formula and preparations for the second summit. The parties paid special attention to issues of bilateral cooperation, in particular in the humanitarian and economic spheres, as well as in the fields of education and culture,” the statement said.
The head of the President’s Office thanked the ambassador for India’s participation in the first Peace Summit. Zhovkva and Shankar also coordinated a schedule of further contacts at the highest level.
Ukraine’s largest one dollar store chain Aurora intends to open 400 new stores this year and reach 2,000 outlets in Ukraine by the end of next year, said Taras Panasenko, CEO of the chain.
“We opened 40 stores in June, 24 in July, and more than 30 in August. The plan for this year is 400 stores, and we are basically fulfilling it. Today, together with the Romanian stores, we have already passed the figure of 1.5 thousand stores, including 25 in Romania and more than 1480 in Ukraine. The plan for Ukraine is 2.5 thousand stores. I think that at the end of next year we will definitely exceed 2 thousand stores, and in 2026 we will reach the goal,” Panasenko said at the Forbes Ukraine Business Breakfast on Wednesday.
According to him, next year the chain plans to enter the Moldovan market, and in 2026 to expand to other markets, considering the Balkan countries.
In addition, the company intends to develop new formats in the network, as well as digital business. In particular, the company opened a new store in Kyiv with a larger area, children’s and beauty departments, and a quick snack area.
“Aurora also continues to develop in the area of waste sorting and recycling: it plans to open waste sorting points in two cities by the end of the year. Currently, there is one in Poltava.
According to Panasenko, the network’s revenue grew by 55% in the first quarter. The company has the same plan for the second quarter, despite the power outage in July.
“We finished the first quarter as planned, with 55% growth. I think the second quarter will be the same. Of course, the power outage and the atypical heat wave in July had a significant impact. During this period, we fulfilled the plan by 85-90%, but now the situation has returned to normal,” the businessman explained.
“Aurora was founded in 2011 by Lev Zhidenko, Taras Panasenko and Lesya Klymenko. The head office of the Aurora retail chain is located in Poltava. Today, the chain has more than 1.4 thousand stores in Ukraine and 25 in Romania.
According to Opendatabot, the owner of Vyhidna Kupilka LLC, which develops the chain, is listed as Cyprus-based Aurority Investments Limited, with Zhydenko as its beneficiary. The Cypriot company also owns Prior Development LLC, Seven A LLC, Promyslova 9 LLC, and Tak LLC.
At the end of 2023, the network’s net profit amounted to UAH 4.1 billion, and net income – UAH 27 billion.
