State-owned Ukreximbank has announced a competition for the position of Chairman of the Board, which has been held by Serhiy Yermakov since October 2021, according to a statement on the financial institution’s website on Monday.
“According to the decision of the Supervisory Board, a competitive selection for the position of Chairman of the Board of JSC State Export-Import Bank of Ukraine is announced,” the information says.
According to it, the submission of documents for the vacant position will begin on Monday and will last until April 1, and from April 2 to April 22, the recruitment company Telent Advisors LLC (Odgers Berndtson) will analyze the candidates and select the five most suitable ones who will be admitted to the next stage of the competitive selection.
From April 23 to 29, the Nomination and Remuneration Committee of the Supervisory Board of the state-owned bank, together with Telent Advisors, will interview them and select three to five people for the final interviews with Ukrexim’s Supervisory Board, scheduled for April 30 to May 6.
“The discredited Sergiy Yermakov continues to work until the new CEO takes office, the Supervisory Board is fully satisfied with the cooperation with Sergiy, but there are life circumstances that do not depend on the will of people…”, commented Victoria Strakhova, a member of the Supervisory Board of the financial institution, on Facebook.
As reported, on October 6, 2021, the Supervisory Board of Ukreximbank suspended the Chairman of the Board Yevhen Metzger for the period of investigation of the attack on journalists of the Schemes program, and on October 11 dismissed the Chairman at his own request. Board member Serhiy Yermakov was appointed acting chairman of the bank.
Then Ukreximbank signed an agreement with the recruiting company Korn Ferry (USA) and in mid-December 2021 announced a competition for the chairman of the board, but after the outbreak of war it refused to hold it, and in the spring of 2022, after approval by the NBU, Yermakov became chairman of the board.
According to the National Bank of Ukraine, as of February 1, 2024, Ukreximbank ranked 3rd (UAH 274.65 billion) among 63 banks operating in the country in terms of total assets.
Components of residential and commercial real estate maintenance services in Ukraine have gone up to 20% since the beginning of the war, said Ivan Petyukh, head of R-Class integrated real estate management platform.
“Consumables have risen in price by up to 20%, the cost of maintenance of engineering systems (by licensed third-party companies) by an estimated 10%,” he said.
The main challenges facing the R-Class in 2022-23 include. Petyukh singled out unforeseen disruptions in the supply of electricity, heat and water. In this regard, he said, the company is paying systematic attention to improving energy efficiency and energy independence. In addition to insulation of facades, R-Class specialists ensured and organized uninterrupted power supply of the objects by means of redundancy of electric capacities from different connection lines from the city, installation of additional diesel generators (capacity from 15 to 160 kW), installation of uninterrupted power supply sources (capacity from 12 kW); implemented a backup water supply/water drainage system.
The head of R-Class also noted that the introduction of the latest technologies helps to optimize utility costs and increase the service life of buildings. According to him, automated heat consumption systems that distribute the heat carrier depending on the current demands of the consumer and the outside air temperature, air recovery system, automatic gas analysis system in the parking premises that switches on/off the supply and exhaust ventilation depending on the air pollution, the latest air conditioning systems (VRV systems) that allow heating the premises at the outside temperature down to -15 in addition to the conventional water system allow saving energy resources.
R-Class’ integrated real estate management and development platform, which has been operating on the market since 2008, serves more than 300 thousand square meters of real estate. Among the objects are BC HILLFORT, BC Mikhailovskaya 7, Residential Complex “Pokrovsky Posad”, Residential Complex “Nobel” and others.
Ukraine’s exports of goods in January-February 2024 increased by 4.6% y-o-y, from $6.5 billion to $6.8 billion, while imports decreased by 1%, from $10.1 billion to $10 billion, the State Customs Service reported on Friday.
According to its post on Telegram, in the first two months of 2024, trade turnover increased by 2% compared to two months of 2023, to $16.8 billion.
In January, the State Customs Service reported a 9.7% increase in exports from $3.1 billion to $3.4 billion and a 6.3% increase in imports from $4.8 billion to $5.1 billion. Taking into account these data, in February, exports remained at the level of February last year – $3.4 billion, while imports decreased by 7.5% to $4.9 billion.
The agency noted that taxable imports in January-February amounted to $8.8 billion, or 88% of total imports, and the tax burden per 1 kg was $0.47/kg, which is 5% more than in the same period in 2023.
According to the State Customs Service, the largest imports to Ukraine in the first two months of this year were from China – $2 billion, Poland – $1.1 billion, and Germany – $769 million.
Ukraine exported the most to Poland – $649 million, Spain – $624 million, and China – $504 million.
As stated in the report, 67% of the total volume of goods imported in January-February 2024 was machinery, equipment and transport – $3.5 billion (UAH 25.3 billion was paid to the budget during customs clearance, which is 31% of customs revenues), chemical products – $1.8 billion (UAH 12.8 billion was paid to the budget, or 16% of customs revenues) and fuel and energy products – $1.3 billion (UAH 20 billion was paid, or 24% of revenues).
The top three most exported goods from Ukraine were food products – $4.5 billion, metals and metal products – $726 million, and mineral products – $587 million.
According to the report, in the first two months of 2024, UAH 47.96 million was paid to the budget during customs clearance of exports of goods subject to export duties.
Polish protesters plan to resume blocking trucks in the direction of the checkpoint “Korchova-Krakovec” from March 13, the State Border Guard Service of Ukraine (SBGS) reports. “On March 13, protesters plan to resume blocking trucks in the direction of the checkpoint “Korchova-Krakovets”,” the State Border Service said in a message in the Telegram channel on Monday.
The message also states that from today from “9.00 protesters will not let trucks through the checkpoint “Ugrinov” in the direction of Poland. At the exit from Poland will be allowed 4 trucks every hour”. Earlier this was reported by the speaker of the state Border service Andrey Demchenko on the air of the national telethon.
“In the direction of checkpoints “Dorogusk-Yagodin”, “Zosin-Ustilug”, “Dolgobichiv-Ugrinov”, “Hrebene – Rava-Russkaya”, “Medica-Shegini” restriction of movement for cargo vehicles continues”, – noted in the message of the state Border service.
“The movement of passenger vehicles and buses in all directions is not limited”, – stated in the message.
As reported with reference to Demchenko, on the night of March 8-9 Polish farmers stopped blocking the direction through the checkpoint “Korchova-Krakovets”, and on it since then significantly increased the load, there also formed queues. “Over these last days we see the intensity of traffic exactly at this checkpoint… That is, the intensity there is quite high with the possibility of crossing the border in both directions. But, of course, and in this direction the queue remains: as of this morning it is about 600 trucks,” – said Demchenko.
The Antimonopoly Committee of Ukraine (AMCU) has identified grounds for banning the acquisition of control over lifecell group by French billionaire Xavier Niel’s DVL Telecom, a member of NJJ group.
In particular, the antitrust agency believes that it is necessary to check the relationship of control of lifecell itself and the parent company Turkcell with the person to whom the decision of the national security and defense Council of Ukraine applied personal special economic and other restrictive measures (sanctions).
“When considering applications for the acquisition of control over the group “Lifecell” by the company “DVL Telecom” arose the need to verify the relationship of control of the participants of the concentration, in particular the group “Lifecell” and the group “Turkcell” with the person to whom the personal special economic and other restrictive measures (sanctions) applied by the decision of the National Security and Defense Council of Ukraine,” – said the press service of the AMCU on Monday.
The report states that, having considered the applications on the acquisition of control by DVL Telecom over Lifecell LLC, Global Bilgi LLC and Ukrtauer LLC (lifecell group), the AMCU has identified grounds for banning the said concentrations.
“Given that the concentrations in the form of acquisition by DVL Telecom of control over Lifecell LLC, Ukrtauer LLC and Global Bilgi LLC constitute a single transaction and will take place under a single sale and purchase agreement, a separate authorization for DVL Telecom’s acquisition of control over Global Bilgi LLC cannot be granted by the Committee either,” the AMCU notes.
Considering the above, on March 7, 2024, the Committee again started consideration of the concentration cases in the form of acquisition by DVL Telecom of control over Lifesell, Global Bilgi and Ukrtauer LLC. At the same time began consideration of the case on concerted actions, which are directly related to the implementation of these concentrations, specified in the press service.
Earlier it was reported that at the meeting on March 7 AMCU allowed DVL Telecom to acquire control over Datagroup Holding Limited (“Datagroup-Volya”). In addition, the antimonopoly agency allowed concerted actions between NJJ UPAM (Paris, France), Lorimer II Ventures Limited (Nicosia, Cyprus), DVL Telecom (Paris, France) and a natural person – citizen of Ukraine in the form of implementation of provisions on refraining from competition, provided by Section 19 of the shareholders’ agreement, which will be concluded between these entities for a period of five years.
On December 29, 2023, Turkcell, a Turkish company, signed an agreement to transfer 100% of the shares, as well as all rights and debts of Lifecell LLC (TM lifecell), Ukraine’s third largest mobile operator, including contact center outsourcing company Global Bilgi LLC and tower rental service provider Ukrtauer LLC, to the French investment company NJJ Capital.
The decision to sign the agreement was made by the Board of Directors on December 20, but as early as May 9 it decided not to disclose information about the possible deal. Turkcell specified that the nominal price of Lifesell shares is UAH 12 billion 711.849 million, Global Bilgi – UAH 47.226 million and Ukrtauer – UAH 1 billion 964.04 million.
Authorized representatives of NJJ Capital (Paris, France) and Global Bilgi LLC (Kyiv, Ukraine) applied to the Antimonopoly Committee (AMCU) for authorization of NJJ Capital to indirectly acquire a part in the authorized capital of Global Bilgi, which provides for exceeding 50% of votes in the supreme governing body of the company, as well as parts providing for exceeding 50% of votes in the supreme governing bodies of Lifesell and Ukrtauer on December 29, 2023. The applications were returned to them as they did not meet the requirements set by the committee.
On January 23, 2024, AMCU received a second application to acquire the stake that provides control in Lifsell, Global Bilgi and Ukrtauer LLC from DVL Telecom, a member of the NJJ group.
According to market participants, a problem for the completion of the deal may also be the partial seizure of stakes in the companies being sold on charges against the under-sanctioned Mikhail Fridman, who indirectly controls a minority stake in Turkcell.
Production Enterprise Tekhmash JSC (Dnipro) plans to allocate UAH 5 million of retained earnings for dividends in 2023 at the rate of UAH 16,667 thousand per share with a par value of UAH 8.
According to the draft decision of the general meeting of shareholders of the JSC published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC) on April 11, dividends are planned to be paid by October 11, 2024.
According to the company, in 2023, according to preliminary data, it received UAH 0.19 million in net profit compared to UAH 0.51 million a year earlier, and retained earnings at the beginning of this year amounted to UAH 76.13 million.
As of the third quarter of 2023, 61% of the authorized capital of Tekhmash is owned by its director Oleksandr Kolomoits, while four other individuals hold a total of 28% of the shares. The authorized capital of the company is UAH 2.4 million.
According to the company, in 2023, Tekhmash reduced its current liabilities by 22.5% compared to 2022, to UAH 47.76 million, and long-term liabilities to zero compared to UAH 1.9 million.
The company managed to reduce its total receivables by almost 40% to UAH 49.62 million over the year, while the value of assets decreased by 17% to UAH 134.62 million. At the same time, inventories grew by 30% to UAH 31.15 million, and cash by 29.7% to UAH 18.56 million.
The company, according to Clarity-project, increased its net sales revenue by 19.2% in 2023 to UAH 165.28 million compared to 2022.
At the beginning of this year, it employed 229 people, down 23% from a year earlier.
Techmash’s core business is the installation of process equipment, pipelines, and the manufacture of equipment for various industries, including conveyors (scraper, belt, and screw), tank equipment, metal structures, and aspiration air ducts.
