Business news from Ukraine

Business news from Ukraine

Changes in revenue of consolidated budget in 2021-2023 (%)

Changes in revenue of consolidated budget in 2021-2023 (%)

Source: Open4Business.com.ua and experts.news

Key indicators of state budget (monthly), UAH bln

Key indicators of state budget (monthly), UAH bln

Source: Open4Business.com.ua and experts.news

“Stalkanat” reduced profit by more than quarter

PJSC “Production Association “Stalkanat” (Odessa) following the results of work in the first half of the current year reduced net profit by 28.7% compared to the same period last year – up to UAH 164.360 mln.

According to the company’s interim report, net income for this period decreased by 6.9% to UAH 1 billion 574.849 million.

Retained earnings at the end of June 2023 amounted to UAH 340.116 million.

As reported, “Stalkanat” in January-March this year increased net profit by 2.2 times compared to the same period last year – to UAH 77.304 million, reducing net income by 3.2% – to UAH 701.047 million.

“Stalkanat” in 2022 received a net profit of 325.073 million UAH, while 2021 ended with a net loss of 309 thousand UAH. Net income in 2022 amounted to UAH 3 billion 227.799 million, while in 2021 it was not, as the company at that time was in the process of creation due to the spin-off from PJSC “Stalkanat-Silur”.

The average number of employees of the enterprise for 2022 – 916 people, for 2021 – 16 people.

General meeting of shareholders held on September 3, 2021 decided to separate from PJSC PO “Stalkanat-Silur” and create a new company – PJSC “Stalkanat” with the transfer of part of property, rights and obligations to it according to the approved distribution balance sheet. The assets of PJSC “Stalkanat” were based on the distribution balance sheet and the acceptance act dated December 31, 2021.

The Company was incorporated on December 6, 2021.

PJSC PO Stalkanat-Silur (Odessa) previously had two branches – in Odessa and in Khartsyzsk, Donetsk region at NKT. On December 1, 2016, the management of the company officially notified about the shutdown of the company’s branch in Khartsyzsk – the relevant announcement was published in the newspaper “Uryadovyi Kurier”. Later, the management of PJSC PO Stalkanat-Silur announced the seizure of the company’s branch in Khartsyzsk at NKT, sent a corresponding statement to the National Police.

According to the company’s data as of the end of 2022, David Nemirovsky (Ukraine) holds 50.0001% of shares of PJSC “Stalkanat”, Anton Mikhalenko – 23.7%, Edery Liron (both – Israel) – 23.1%, Vitaliy Dubovich (Ukraine) – 3.1999%.

The authorized capital of PJSC “Stalkanat” is UAH 17.736 mln, nominal value of one share is UAH 0.17.

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“Kovalska Group” to receive EUR27 mln in project financing from Invest International

Kovalska Group has received EUR27m in project financing from Invest International (Netherlands) for 10 years to develop production of aerated concrete blocks and panels in Rozvadova (Lviv region), the group’s CEO Sergiy Pilipenko said.

“The vital investment, which was supported by the Dutch Good Growth Fund and the Dutch government, will allow the company to implement the technology of production of environmentally friendly aerated concrete blocks and panels Aircrete Europe. This technology will work at the new production facility, which is currently under construction in Rozvadov in Lviv region,” Pilipenko wrote on Facebook on Thursday evening.

According to him, the total amount of investment in the project is EUR42 million.

As reported, in 2020, Kovalska closed a deal worth UAH 63 million to acquire Rozvadov Stroymaterialy LLC, which owns a production complex with a total area of about 140 hectares.

In early 2022, Kovalska started construction of two new plants (Siltek-branded dry mixes and concrete production) in Lviv region, with an estimated total investment of over EUR60 mln for the first phase alone. The Group also expected to resume the realization of the project of construction of aerated concrete plant in the production complex in Rozvadov.

Kovalska Industrial and Construction Group has been operating in the construction market of Ukraine since 1956. It unites more than 20 enterprises in the sphere of raw materials extraction, production and construction. Products are represented by the brands “Concrete from Kovalska”, “Avenue”, Siltek. Kovalska enterprises operate in Kyiv, Zhytomyr, Lviv and Chernihiv regions. The aerated concrete plant in the Kherson region has been out of operation since the beginning of the occupation.

The group also includes Kovalska Real Estate, which builds residential projects in Kyiv. Its portfolio includes more than 20 completed residential projects.

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“Cherkassy Bus” to supply Lviv Regional State Administration with 79 school buses

Ukrainian bus manufacturer Cherkassy Buses JSC will supply 79 school buses to Lviv Regional State Administration for UAH 234.216 mln by the end of this year, while the expected purchase amount is UAH 238.6 mln.

According to information in Prozorro, the relevant contract was signed by the parties on July 25.

In the scope of delivery – eight buses designed for the transportation of immobile schoolchildren (with one or two seats for them).

“Cherkassy Bus” was the only participant of the procurement procedure. It offered Ataman buses manufactured in 2023 (localization degree – more than 65%), with a diesel engine, Euro 5 environmental standard.

As reported, the subvention from the state budget to local budgets for the purchase of school buses in 2023 amounted to UAH 1 billion, including Lviv region was allocated UAH 80.605 million.

School buses are purchased on the condition of co-financing from the state budget and local budgets. At the same time, the buses are purchased through the procedure of request for quotation in the electronic catalog Prozorro Market (a systematized database of actual offers of goods of suppliers).

As a result of the procurement, several regions of Ukraine will also receive Ataman buses (in particular, Ivano-Frankivsk and Mykolayiv regions), with the buses being offered by Cherkasy Bus dealers.

Lviv Regional State Administration purchased 126 Ataman school buses for more than UAH 300 mln in 2022.

Founded in 1994, Cherkassky Bus plant produces small class buses, as well as other wheeled vehicles on the units of Japanese Isuzu.

In 2022, the plant increased its net profit by almost 2.9 times to UAH 65.02m, while net income grew by 32.5% to UAH 842.29m.

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Verkhovna Rada speaker Stefanchuk: Constitution does not prohibit holding elections during war

The Constitution does not prohibit holding elections during martial law, Verkhovna Rada Chairman Ruslan Stefanchuk has said.

“There is no such prohibition (on holding elections during martial law) in the Constitution. This prohibition is contained in the law of Ukraine “On the legal regime of martial law”. And therefore, as if there is no constitutional prohibition to hold elections during martial law,” – said Stefanchuk in an interview with the TV channel “Rada” in the air of a single telethon.

At the same time, the speaker of the Parliament emphasized that at the moment it is necessary to adhere to the balance.

“On the one hand – yes, the Parliament must continue its work, must adopt the necessary legislative acts. We are entering the budget process and these are very important things. On the other hand we should realize that there should be no stagnation of the democracy that exists in society. And that is why the President of the Parliamentary Assembly of the Council of Europe, Mr. Cox, and other colleagues say that it is still necessary to make efforts to implement this,” – said the Chairman of the Verkhovna Rada.

According to him, this issue may be a matter of discussions.

“And I think that we need to make some important decisions on this (issue), so that on the one hand – to ensure stability in the state, so that the state is not torn by elections during the war, but on the other hand – to ensure this flow of democracy, which is what Ukraine is fighting for in principle,” he said.

Asked whether he would support changes to the election law, Stefanchuk said: “Let’s see how this issue will be resolved. But I think it will be updated in the near future.”

As reported earlier, PACE head Tiny Cox said earlier that it was necessary to hold free and fair elections in Ukraine despite the war.