Business news from Ukraine

Business news from Ukraine

River port and terminal may be built in Zakarpattia

The Zakarpattia Regional State Administration (RSA) is considering the allocation of a land plot for the construction of a river port and multimodal terminal on the banks of the Tisa River.

This was reported on the RSA’s Facebook page, citing the deputy head of the administration, Myroslav Biletsky.

Prospects for the project were discussed during a meeting with the relevant departments of the Tisza water resources management basin and the State Border Guard Service.

The project can become a component in the organization of international transportation on the Tisza with access to large navigable rivers.

“The river port and multimodal terminal will be the first facilities of this type in Zakarpattia. Its importance for international transportation for the country and our region, in particular, is difficult to overestimate. We are studying the documentary base, problematic issues, communicating with all interested structures to develop a strategy for the fastest possible implementation of the project,” Biletsky said in a statement.

The construction of the river port and multimodal terminal on the banks of the Tisza was initiated by the River Ports Administration. It applied to the regional state administration with a request to allocate a land plot for the facility.

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ASKA-Life to increase its authorized capital by 2.6 times

On March 25, the shareholders’ meeting of Ukrainian Joint Stock Insurance Company ASKA-Life (Kyiv) decided to increase the authorized capital by 2.56 times, up to UAH 49.625 million, through an additional issue of shares worth UAH 30.240 million.

As the company reported in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the additional issue of shares will be made at the expense of part of the retained earnings for 2014-2019.

As reported, in January-September 2023, ASKA-Life collected net and gross insurance premiums in the amount of UAH 117.5 million, which is 49% less than in the same period in 2022.

During the reporting period, the company paid UAH 8.376 million to clients (36% more). The company’s administrative expenses increased by 15.4% to UAH 9.436 million, while sales expenses decreased by 2.2 times to UAH 98.9 million.

At the same time, the financial loss from operating activities for the first nine months of 2021 decreased to UAH 12.6 million from UAH 15.7 million. Net loss amounted to UAH 1,058 million, which is 6.5 times less than in January-September 2022.

ASKA-Life Insurance Company was registered in 2003 and specializes in life insurance.

According to the National Securities and Stock Market Commission, as of the second quarter of 2023, 55.6667% of the company is owned by SCM Finance Limited, 44.3333% – by Alexander Sosis.

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This year’s sowing season in Ukraine is ahead of previous one – Ministry

As of March 28, Ukraine sowed 476.7 thousand hectares with spring grains and pulses, up 8.3% year-on-year, the press service of the Ministry of Agrarian Policy and Food reported on Friday.

According to the report, the rate of sowing peas is 51.1% higher than last year as of the same date and amounts to 81.8 thousand hectares, barley – 35.6% higher and reached 291.5 thousand hectares, wheat is 27.8% higher – 68.3 thousand hectares, oats – 17.6% higher – 28.7 thousand hectares.

Agrarians of Odesa region are leading the way in spring sowing campaign. They have already sown 7 thou hectares of wheat, 41.5 thou hectares of barley, 28.4 thou hectares of peas and 1.5 thou hectares of oats.

In Mykolaiv region, 2.2 thou hectares of wheat, 33.4 thou hectares of barley, 17.6 thou hectares of peas and 0.5 thou hectares of oats were sown; in Khmelnytsky region – 7.2 thou hectares of wheat, 23.7 thou hectares of barley, 0.8 thou hectares of peas and 0.5 thou hectares of oats; in Poltava region – 6.4 thou hectares of wheat, 56.2 thou hectares of barley, 0.8 thou hectares of peas and 0.5 thou hectares of oats. hectares of wheat, 56.2 thousand hectares of barley, 0.8 thousand hectares of peas and 0.3 thousand hectares of oats; in Poltava – 6.4 thousand hectares of wheat, 56.2 thousand hectares of barley, 4.7 thousand hectares of peas and 2.3 thousand hectares of oats; in Ternopil – 14.4 thousand hectares of wheat, 56.2 thousand hectares of barley, 0.8 thousand hectares of peas and 0.3 thousand hectares of oats. hectares of wheat, 56.2 thou hectares of barley, 3.1 thou hectares of peas and 2.3 thou hectares of oats; in Vinnytsia region – 5.9 thou hectares of wheat, 27.1 thou hectares of barley and 2.3 thou hectares of peas.

Last week, Ukrainian farmers sowed grains and legumes on 262.2 thou hectares. Poltava region is in the lead, with 44.2 thou hectares planted.

Poltava region is also the leader in sugar beet sowing, with 10.2 thou hectares already planted. Sowing of this crop has also started in Vinnytsia, Volyn and Rivne regions.

Agrarians in Kyiv region have started sowing sunflower, and those in Vinnytsia region – soybeans.

The Ministry of Agrarian Policy reported in the State Agrarian Register that 70% of respondents plan to increase soybean acreage by 21% on average compared to 2023, based on the results of a survey conducted by the State Agrarian Register on farmers’ preparations for the spring crops sowing campaign for the 2024 harvest.

The survey also showed that during the spring sowing campaign, Ukrainian farmers will prioritize pulses, which will increase by 11%, and spring barley – by 7%. The area under spring rapeseed is expected to increase by 24%, sugar beet by 17%, and corn by 9%. The area under sunflower may potentially decrease.

In general, in 2024, the area under spring crops may decrease by 0.5 million hectares or 3.7% compared to last season, according to the Ministry of Agrarian Policy.

Druzhkovka Hardware Plant reduced its profit by 29%

In 2023, Druzhkovka Hardware Plant (Donetsk Oblast) reduced its net profit by 28.9% year-on-year to UAH 24.049 million from UAH 33.832 million.

As reported in the company’s official information for the agenda of the annual shareholders’ meeting scheduled for April 29, the plant’s retained earnings at the end of last year amounted to UAH 404.126 million.

The shareholders intend to summarize the results of the year 2023, approve the reports and set plans for 2024.

It is also planned to leave the profit earned in 2023 without distribution, and not to accrue or pay dividends.

The shareholders will decide on the preliminary consent to enter into significant transactions that may be made by the company within no more than one year from the date of such decision, indicating the nature of the transactions and their maximum aggregate value.

Druzhkovka Hardware Plant produces machine-building and railway fasteners.

According to the third quarter of 2023, the company’s shares were owned by an individual Alexey Spiridonov, who held 14.9949%, Elena Mishchenko-Solona (resident of Spain) – 13.0304%, Irina Mishchenko – 24.5167%, Sergey Popkov – 5.8611%, Anton Malikov – 9.75%, Elena Malikova – 8.25%, Valery and Dmitry Malikov – 9.774% each.

The authorized capital of the company is UAH 3.323 million, the nominal value of 1 share is UAH 0.05.

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State Customs Service informs about global failure of tracking systems

The State Customs Service informs about possible problems with the movement of goods under the joint transit procedure due to a global system failure at the DG TAXUD level

The State Customs Service has received information from DG TAXUD regarding a global outage of the central applications of the systems, including NCTS, starting from 16:30 hrs. March 28, 2024.

As a result of the failure, notifications to transit and destination customs offices on declarations issued after the specified time may not have been delivered to other countries participating in the Convention on the Common Transit Procedure.

As of the morning of March 29, problems with the exchange of messages with other countries under the NCTS are still observed. The approximate timeframe for the full resumption of messaging with other countries is currently unknown.

In view of the above, companies, in the absence of information on the movement of goods under the joint transit procedure at the transit customs office, for declarations issued after 16:30 hrs. On March 28, 2024, it is recommended to consider opening new declarations at the checkpoint of the neighboring party with the corresponding initiation of the cancellation of the Ukrainian T1.

NEWS ON THE WEBSITE OF THE STATE CUSTOMS SERVICE: https://customs.gov.ua/news/ncts-26/post/informuiemo-pro-mozhlivi-problemi-pri-peremishchenni-tovariv-pid-protseduroiu-spilnogo-tranzitu-cherez-globalnii-zbii-roboti-sistem-na-rivni-dg-taxud-1542#scrollTop=0

Ukraine sends second batch of humanitarian cargo to Sudan

Ukraine has sent the second batch of humanitarian cargo within the framework of Ukrainian President Volodymyr Zelenskyy’s initiative Grain frоm Ukraine to Sudan with the help of the World Food Organization, the press service of the Ministry of Agrarian Policy and Food has reported.

According to the report, the MV Future ID vessel with 14.6 thousand tons of flour made of Ukrainian wheat has already arrived in Sudan. It will be distributed in the form of food packages for 2 million people in Sudan affected by the war.

“Now in Sudan, almost 18 million people are facing acute food shortages. Of these, about five million are estimated by the UN to be in an emergency level of hunger (IPC4). The harvest of the main cereal crops (sorghum, millet and wheat) is 41% below the 5-year average. Therefore, food aid under the Grain frоm Ukraine initiative is extremely important to save lives and prevent an even worse situation,” the Ministry of Agrarian Policy emphasized.

As reported, the first batch of humanitarian cargo was delivered to the port of Khartoum (Sudan) on February 22, 2024. The vessel MV Ocean Dream delivered 7665 tons of flour made of Ukrainian wheat.

The donors of the shipment of two consignments were Germany, which provided $15 million, as well as Belgium, Canada, the Czech Republic, Hungary, Ireland, the Netherlands, the Republic of Korea, Slovenia and Spain, which allocated $23.8 million for the shipment of the second consignment of flour.

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