Business news from Ukraine

“Zhytomyrski Lasoshchia” increased its profit by 80.7 times

Zhytomyrski Lasoshchy JSC, one of the largest confectionery producers in Ukraine, increased its profit by 80.7 times in 2023 compared to 2022, to UAH 395.087 million.

According to the company’s announcement in the NSSMC’s information disclosure system about the annual shareholders’ meeting scheduled for April 29, its assets increased 1.97 times to UAH 1.145 billion. The company’s debt obligations increased by 37.4% to UAH 628.8 million.

In 2023, Zhytomyrski Lasoshchy JSC’s revenue amounted to UAH 474.383 million, which is 16.8% more than in 2022 and 80.4% more than in pre-war 2021.

The company’s staff remained stable – 693 people, which is only 10 employees less than in pre-war 2021.

The shareholders are proposed to approve the net profit of the JSC, based on the results of financial and economic activities in 2022, in the amount of UAH 4.893 million and to allocate it in full to compensate for losses for the previous period.

The shareholders will also consider the new charter of Zhytomyrski Lasoshchy JSC and re-elect the Supervisory Board.

Zhytomyrski Lasoshchy Confectionery was founded in 1944. It is one of the three leaders in the confectionery industry of Ukraine. The company produces chocolate, praline, fondant, waffle and grilled sweets, various types of cookies, and sugar-free confectionery. The company is certified according to the international standards ISO 22000 and FSSC 22000, and has a Halal certificate. The company’s products are exported to 36 countries.

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Anatoliy Amelin becomes Executive Director of Ukrainian Institute for Future

Anatoliy Amelin has been appointed executive director of the Ukrainian Institute for the Future (UIF), the Ukrainian Institute for the Future reported on Facebook.

“Co-founder of the Ukrainian Institute for the Future Anatoliy Amelin was appointed to the position of executive director,” the statement said on Tuesday.

It is noted that Amelin has been a part of the institute’s team since its foundation.

“Under his close supervision, the economic department has been conducting high-quality research and projecting a successful future for Ukraine for eight years in a row,” the statement said.

In November 2023, Maria Chumak was appointed Executive Director of the UIF.

As reported, since its inception in 2016, UIF has conducted more than a hundred studies, and after the full-scale Russian invasion, the think tank focused on studying and analyzing the enemy. UIF’s strategic directions in the near future include a vision of the future of Ukraine and Ukrainian identity; the Ukraine Project and Ukraine’s integration into Europe and the world; national security; economy; human capital, culture and education, and promotion of Ukraine in the world; “studying and analyzing Russia, or how to help Russia lose this war.”

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USAID launches program for 20 Ukrainian agricultural enterprises to develop exports

The USAID Rural and Agricultural Development Program has announced the launch of a program to co-finance 20 Ukrainian agricultural processing enterprises that intend to restore and develop their export potential, the press service of the Ministry of Agrarian Policy and Food reports.

According to the report, the competition is open to non-state (private) enterprises/companies that have export-oriented development strategies and are regular exporters.
The companies can receive co-financing to increase the volume of purchases and processing of raw materials, in particular, by attracting micro, small and medium-sized agricultural producers for long-term partnership. Grant recipients will also be able to introduce new grain processing technologies to increase productivity by at least 25%.

It is expected that with the grant funds, the companies will be able to develop a long-term export strategy and increase sales by 20% through 5 new export channels and markets for processed products and increase sales in foreign markets.

The USAID AGRO program will focus on restoring and strengthening processing capacities to produce value-added products for export, such as corn for feed and food; wheat for food, industrial and feed purposes; rye for industrial and feed purposes; industrial sunflower seeds; high oleic sunflower seeds; soybeans for industrial and feed purposes; varietal and regular cycle seeds.

The donor organization has drawn the attention of applicants to the fact that projects aimed at storing grains, oilseeds and pulses, including receiving, cleaning, drying, storing, and shipping grain by rail and road, are not eligible.

The application deadline is May 31, 2024.

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Ukrainian students will be able to do internships abroad

The Cabinet of Ministers has adopted a resolution allowing some bachelor’s students to go abroad for internships.

This was reported by MP Oleksiy Honcharenko on his telegram channel.

Bachelor’s students aged 18-22, as well as masters of medical, pharmaceutical and veterinary specialties studying at Ukrainian universities, will be able to travel abroad.

Goncharenko’s information was confirmed on Facebook by Education Minister Oksen Lisovyi.

According to him, it will be possible to study abroad for one semester, or about four months.

He gave a list of documents required for this:

– student’s e-ticket;
– a referral from an educational institution;
– a certified copy of the agreement with a foreign university on admission to the academic mobility program;
– a military reference document from the TCC.

Also, those wishing to do an internship abroad should have high grades and fulfill a number of requirements set by the program founders.

The Ministry of Education will not issue any special permits.

The day before, amid mobilization in Ukraine, the authorities tightened the rules for admission to graduate school. Tougher admission conditions will cut off those who were liable for military service who were hoping to enroll in a postgraduate program at any university solely to get a deferral from mobilization.

Meanwhile, in the new draft law on toughening mobilization, MPs promised to leave the postponement for graduate students.

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Export of goods from Ukraine in 2023 in most important positions to previous 2022

Export of goods from Ukraine in 2023 in most important positions to previous 2022

Source: Open4Business.com.ua and experts.news

First underground school built in Kharkiv

The construction of the first underground school in Kharkiv has been completed and will be open to students by the end of this school year, the press service of the Kharkiv City Council reports, citing Mayor Igor Terekhov.

“The building is built to the highest safety standards, has 20 classrooms and is designed to accommodate 900 students in two shifts. Enrollment for the next school year is almost complete. Already this year, 600 children will sit down at their desks,” Terekhov wrote on the social network X on Tuesday.

According to him, similar schools are planned to be built in different parts of the city. “We plan to continue building similar schools in other parts of the city to ensure that all our children have equal access to quality and, most importantly, safe education,” Terekhov said.

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