Business news from Ukraine

Business news from Ukraine

Dnipro Aluminium Plant plans to pay UAH 10 mln in dividends for 2023

Dnipro Aluminium Plant (Dnipro), which produces aluminum profiles, intends to allocate 64.93% or UAH 10 million of its net profit for 2023 as dividends at the rate of UAH 6,440 per ordinary registered share with a par value of UAH 1,846.1.
The relevant issue was included in the agenda of the extraordinary general meeting of shareholders scheduled for February 4 this year, which was published in the system of the National Securities and Stock Market Commission (NSSMC).
The dividend payment period is proposed to be set from February 21 to August 4, 2025.
According to the company, the remaining UAH 5.402 million of net profit (or 35.07%) is proposed to be left undistributed.
The agenda also includes the issue of shareholders’ prior consent to enter into transactions during the year with a total maximum amount of UAH 130 million, including contracts for the supply of car windows for Ukrzaliznytsia and Kyiv Electric Car Repair Plant, industrial enterprises for up to UAH 100 million, as well as contracts for the provision of banking services for UAH 30 million.
In addition, the shareholders intend to consider entering into a general agreement with the First Ukrainian International Bank for the provision of banking services with a general limit (lending/overdraft/guarantees/bill avalization) of UAH 30 million and valid until September 25, 2029.
Dnipro Aluminium Plant was registered in July 1997. It produces aluminum profiles using Italian equipment, including general-purpose profiles and TEKNO building profile systems under the license of the Italian S.L.L. SPA.
According to the Clarity Project, in 2023, the plant’s net income increased by 57% compared to 2022, with net profit increasing more than 7 times to UAH 15.4 million.
Retained earnings amounted to UAH 48.67 million.
As of the third quarter of 2024, the company’s CEO Oleh Danchenko owns 28.3323% of the company’s shares, his son Oleksandr owns 6.5035%, Mykhailo Senektutov owns 19.2531%, Ivan Sosnovsky owns 14.2949%, and Igor Levin owns 14.2305%.
The authorized capital of the company is UAH 19.95 million.

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Atlantic Council and Experts Club experts discussed Donald Trump’s future policy

Today, Donald Trump will officially begin his term as the 47th President of the United States of America. His possible actions and strategies in the international arena were the main topic of discussion at a meeting of experts organized by the Atlantic Council and Experts Club. Brian Mefford, Senior Fellow at the Atlantic Council’s Eurasia Center, and Maksym Urakin, founder of the Experts Club, discussed key issues that will affect the geopolitical situation in the world, including Ukraine.

Brian Mefford noted that Trump’s first months in office will be focused on resolving domestic issues, such as the confirmation of his cabinet members in the Senate. However, the expert emphasized that Ukraine will remain an important issue in US foreign policy.

“Ukraine already has a special envoy, General Kellogg. Although his visit to Kyiv was postponed, it shows that Ukraine remains a priority. Its security is crucial for stability in the region,” Mr. Mefford said.

One of the key topics of discussion was Ukraine’s membership in NATO, which was first promised at the Bucharest Summit in 2008. According to Brian Mefford, this decision could have prevented many of the current problems.

“It was a serious mistake at the time. Russia used this uncertainty: first in Georgia and then in Ukraine. Now, because of the war on its own territory, the NATO issue for Ukraine is being postponed indefinitely. At the same time, there is a need for long-term security guarantees. Ukraine needs modern weapons, so the United States and European partners must remain reliable allies of Ukraine,” he explained.

At the same time, according to the expert, the issue of NATO funding became one of the most discussed during Trump’s first presidency, when he called on European countries to increase their defense spending.

“The United States spends more on defense than the next nine countries combined. Trump was right to insist that European countries spend at least 2% of GDP on defense. And now these requirements are being met. Increasing defense spending in Europe is in everyone’s interest. The alliance remains a powerful tool for ensuring stability,” Mr. Mefford emphasized.

According to him, the US withdrawal from NATO is currently an unlikely scenario.

Mefford suggested that the Trump administration will continue its tough economic policy towards China, including trade wars.

“China does not follow fair rules in international trade. Support for Taiwan will remain unchanged, as the United States has strategic interests in the region. Although China often demonstrates strength, its economy is on the verge of recession and its military power is exaggerated,” he explained.

The expert also touched upon the issue of sanctions against Russia, which remain an effective tool of international pressure.

“Trump imposed more sanctions against Russia during his previous term than Obama did. Their mitigation is possible only if the war ends. This is a long-term mechanism that cannot be ignored,” emphasized Mefford.

Maksym Urakin, founder of the Experts Club think tank, in turn, emphasized the importance of Donald Trump’s election for Ukraine and the world and reminded of other important elections for Ukraine and the region in 2025:

“For Ukraine, partnership with the United States is crucial. However, we need to be prepared for different scenarios and strengthen our economic resilience and diversify our foreign policy, given the very important elections this year in Germany, Poland, Romania, Moldova, and Canada. The world is becoming very dynamic in the future,” said Maxim Urakin.

The experts’ analysis showed that Trump’s policy toward Ukraine will be shaped by both internal and external factors. At the same time, Ukraine’s role in global security will only grow, and international support will remain critical for security on the European continent.

The full version of the video is available here:

You can subscribe to the Experts Club YouTube channel here:

https://www.youtube.com/@ExpertsClub

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Bitcoin sets record before Trump’s inauguration, which supports crypto market

The bitcoin rate set a new record on Monday, rising above $109 thousand before the inauguration of US President-elect Donald Trump.

During the election campaign, the politician publicly spoke in support of the cryptocurrency market, and traders expect him to ease regulations in this sector.

On Monday, the price of bitcoin rose to $109,241 thousand, Barron’s writes. According to CoinDesk, as of 10:00 a.m., the rate is $107.617 thousand.

Last weekend, Trump and his wife Melania launched their own cryptocurrencies on the Solana blockchain.

The politician himself introduced his TRUMP memecoin on the X social network and on his own platform, The Truth Social, on Saturday. At one point, the capitalization of this cryptocurrency rose to $15 billion, but fell below $8 billion after the launch of the MELANIA memecoin on Sunday, which diverted some of the funds of crypto investors.

The total number of TRUMP memecoins is limited to 1 billion, with 200 million tokens available initially, according to the official website. 80% of the memecoins are owned by CIC Digital, a subsidiary of the Trump

Organization, as well as Fight Fight Fight Fight LLC (corresponding to the Trump campaign slogan “Fight, fight, fight!”), in which CIC Digital is a co-owner.
CIC Digital used to sell Trump’s NFTs and campaign merchandise.

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Trump launches his own cryptocurrency

US President-elect Donald Trump has launched his own cryptocurrency, the market capitalization of which quickly soared to several billion dollars, the BBC reported on Sunday.

“Trump is launching $Trump meme coin as he prepares to take office as the 47th president of the United States on Monday, January 20. The venture is being coordinated by CIC Digital LLC, a subsidiary of the Trump Organization, which previously sold Trump-branded shoes and perfumes,” the BBC said.

It is noted that meme coins are used to increase the popularity of a viral Internet trend or movement, but they have no intrinsic value and are extremely volatile investments.

According to CoinMarketCap.com, by noon on Saturday, a few hours after the launch, $Trump had reached almost $5.5 billion.

CIC Digital LLC and Fight Fight Fight Fight LLC, founded in Delaware earlier this month, own 80% of the tokens. However, it is unclear how much money Trump can make from this venture.

“My new official Trump meme is here! It’s time to celebrate everything we stand for: victory,” Trump wrote on his Truth Social page, announcing the meme coins on the evening of January 17.

About 200 million digital tokens have already been issued, and another 800 million will be issued over the next three years, according to the cryptocurrency’s website. “This Trump meme honors a leader who doesn’t back down despite adversity,” the site says.

The BBC report also states that “the message also contains a disclaimer that the coin is ‘not intended to be the target’ of an investment opportunity or security, and ‘is not political’ and ”has no connection to any political campaign, political office or government agency.”

Such digital tokens are notorious for speculators using the hype to drive up the value before selling at the top of the market, leaving latecomers to count their losses as the price plummets. However, cryptocurrency investors are hopeful that the Trump administration will promote the industry.

President Joe Biden’s regulators have expressed concerns about fraud and money laundering as they cracked down on crypto companies by suing these exchanges.

In the past, Trump has not shown much favor for cryptocurrencies, but last year at a bitcoin conference in Nashville, he said that America would become the “crypto capital of the planet” when he returned to Washington.

His sons Eric and Donald Jr. announced their own cryptocurrency venture last year.

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Ukraine has fully restored work of all registers of Ministry of Justice

The infrastructure of state registries of the Ministry of Justice of Ukraine has been restored after a large-scale cyberattack by Russians, and all registries are ready to work again, the ministry’s press service reports on its telegram channel.

“The Russians did not achieve their goal. Step by step, we restored the key registers for notaries, then the Civil Registry Office, the Unified State Register, and now the work on restoring the last part of the registers has been completed. The final step is to update the data entered during the restoration, which is already being done by the executive service and private enforcement officers. I would like to emphasize once again that the data of Ukrainians have not been lost,” said Olha Stefanyshyna, Deputy Prime Minister for European and Euro-Atlantic Integration and Minister of Justice of Ukraine.

It is noted that systemic changes are being introduced to prevent similar incidents in the future.

Thus, the Ministry of Justice has terminated cooperation with the head of the State Enterprise “National Information Systems”. The criminal proceedings that were opened immediately after the attack are ongoing. For the first time, the NAIS was audited. An internal investigation is also underway.

Steps are also being taken to strengthen security.

“The Verkhovna Rada supported the draft law No. 11290 in the first reading. This is an important step. A professional network of cybersecurity specialists will be created in all government agencies that process important data of Ukrainians. This will be part of the Pentagon for state registries. But this is only part of the plan to strengthen it,” the statement said.

In addition, international cooperation will be strengthened.

“Cyber threats have no borders, so we are actively engaging the experience and expertise of partner countries,” Stefanyshyna emphasized.

She thanked the employees of the National Intelligence Service, the Security Service of Ukraine, the State Special Communications Service and the National Police who assisted in restoring infrastructure and ensuring future protection.

According to the Ministry, the State Register of Real Property Rights, the State Register of Encumbrances on Movable Property, the Automated System of Enforcement Proceedings, the Electronic Register of Apostilles, the Unified Register of Convicts and Detainees, the Automated System of Bankruptcy and Insolvency, and the Unified State Register of Persons Subject to the Provisions of the Law of Ukraine “On Purification of Government” have already resumed their work.

The data is currently being updated, so notaries and state registrars have limited access to the State Register of Real Property Rights, as well as to entering updated data on encumbrances by public and private enforcement officers. At the same time, a number of electronic information interactions with government agencies that use data exchange with the above registers in their activities are being resumed, primarily with the State Tax Service, the Ministry of Internal Affairs, the State Migration Service, the State Customs Service, the Pension Fund, the Ministry of Digital Transformation, the State Geocadastre, the State Border Guard Service, and others.

In addition, access to online services related to the above registers will be restored on the portal and in the Diia app in the near future.

“Nova Poshta” launches preferential delivery for military

“Nova Poshta has joined the “Plus” preference program in the Army+ mobile app for military personnel, which allows them to send and receive cargo up to 30 kg for 1 hryvnia at offices in the frontline regions: Sumy, Kharkiv, Donetsk, Zaporizhzhia, and Kherson, the Ministry of Defense of Ukraine reported on Monday.

“Nova Poshta, just like the military, understands that every second is worth its weight in gold. Especially in the delivery of valuable, necessary and symbolically important things for the defenders of Ukraine. A generator, a Mavic or even a child’s drawing that is dear to the heart. The main principle of “Plus” is to be a warm, humane service for the military. And this principle coincides with the principles of Nova Poshta. Therefore, we are glad that they have joined our program,” said Deputy Minister of Defense for Digitalization Kateryna Chernogorenko.

To use the service, it is enough to generate a barcode in the application and show it to the branch operator, who will activate the offer, the Ministry of Defense telegram channel reports.

The “Pluses” program in the Army+ mobile application for military personnel is based on cooperation with businesses and provides them with a number of preferences in everyday life. In particular, in December 2024, Ukrzaliznytsia joined the program by introducing a special reserve of tickets for the military and Ukrnafta by providing discounts on fuel and 30% off the menu of filling stations.