Business news from Ukraine

New hotel will appear in Chernivtsi

Hotel operator Optima (formerly Reikartz) plans to open a new property in Chernivtsi in May 2024.

According to the operator’s press service, the new hotel will be opened under the Optima Collection brand.

The six-story hotel will have 58 rooms.

The Optima Hotels & Resorts chain unites more than 80 hotels in Ukraine, Sweden, Kazakhstan, Georgia and Uzbekistan.

Starting in 2023, Reikartz is rebranding its hotel chain in Ukraine under the new name Optima Hotels & Resorts. The operator operated under the Raziotel (a chain of three-star economy hotels), Vita, Optima (wellness resorts and three-star hotels), as well as Reikartz Collection and Reikartz Hotels & Resorts (three-star-plus and four-star business and resort hotels) brands.

Optima Hotel Management LLC was established in 2008. According to Opendatabot, the company’s shareholders are Volodymyr Kashutin (Lviv, 99.9%) and Andriy Dema (Kyiv, 0.1%). Kashutin is listed as the ultimate beneficiary. At the same time, until 2019, the beneficiaries were Russian citizens Yuriy Vasin, Leonid Lavrentiev and Timur Rodionov.

According to the financial results for 2023, the company’s net profit amounted to UAH 7 million, compared to a loss in 2022. Revenue increased by 40.8% to UAH 445.8 million.

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Oshchadbank concluded loan agreement for UAH 26.5 mln with spice producer Natur Svit

State-owned Oschadbank (Kyiv) has entered into a UAH 26.5 million loan agreement with spice exporter and producer Natur Svit, and provided an UAH 8 million grant under the e-Work program to Sumy Textile Company, the bank’s chairman of the board, Serhiy Naumov, said on Facebook.

He clarified that the loan to Natur-Svit was issued under the state program “Affordable Loans 5-7-9%” and in cooperation with the Export Credit Agency (ECA) as part of the initiative to insure foreign economic contracts.

According to Naumov, the grant to Sumy Textile Company, which produces hosiery, was provided in the area of processing.

The Oschadbank CEO noted that over the past year, the financial institution’s loan portfolio for MSMEs in Sumy region grew by 29% to almost UAH 1 billion, and the bank’s market share in the region was 25% at the beginning of the year.

According to the Clarity Project, Natur Svit (Kyiv) was registered in November 2008, with Andriy Inshyn listed as the ultimate beneficiary. The company’s revenue in 2023 decreased by 10.9% to UAH 220.8 million, while net profit increased by 4.7% to UAH 29.5 million.

According to the Clarity Project, Sumy Textile Company’s revenue in 2023 decreased by 34.9% to UAH 151.1 million, while net profit decreased by 4.6 times to UAH 7.47 million. The company was registered in April 2022 and is owned and operated by Oleksandr Karpov.

According to the National Bank of Ukraine (NBU), as of February 1 this year, Oschadbank ranked second in terms of total assets (UAH 369.56 billion) among 63 banks operating in the country.

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Forecast of dynamics of changes in ukrainian GDP in % for 2022-2025 in relation to previous period

Forecast of dynamics of changes in ukrainian GDP in % for 2022-2025 in relation to previous period

Source: Open4Business.com.ua and experts.news

Verkhnedneprovsky Machine-Building Plant intends to pay over UAH 43 mln in dividends

The shareholders of Verkhnodniprovsky Machine-Building Plant JSC (VMZ, Dnipro region) plan to allocate UAH 43.107 million from retained earnings as of the end of 2023 for dividends, according to the agenda of the annual shareholders’ meeting scheduled for April 30.

According to the draft decision of the meeting, it is planned to pay dividends at the rate of UAH 1.61 per share (nominal value UAH 0.35). The remaining UAH 0.114 million is planned to remain undistributed.

The announcement does not contain any data on the company’s financial performance, but according to the Clarity-project resource, VMZ’s net profit in 2023 amounted to UAH 43.107 million, up 59.2% year-on-year, and retained earnings at the beginning of 2024 amounted to UAH 70.13 million.

According to the company’s website, based on the results of 2022, in the period from November 1, 2023, to April 29, 2024, it will pay dividends to shareholders in the amount of UAH 27.024 million (UAH 1.012 per share) out of the net profit of UAH 27.026 million.

According to the National Securities and Stock Market Commission (NSSMC), as of the third quarter of 2023, more than 62.13% of VMZ shares are owned by Viktor Rasporsky, Chairman of the Supervisory Board, and another 31.07% belongs to Andrey Rasporsky.

Verkhnedneprovsky Machine-Building Plant specializes primarily in the development and manufacture of specialized railway rolling stock, non-standard equipment for car building and car repair.

According to Clarity-project, in 2023, VMZ’s net income increased by 45.2% compared to 2022, to UAH 155.12 million.

Number of vacancies as of 31.01.2024 (thousand units) according to data of state employment center

Number of vacancies as of 31.01.2024 (thousand units) according to the data of the state employment center

Source: Open4Business.com.ua and experts.news

 

 

Exports via Ukrainian sea corridor reached 33.8 mln tons – Kubrakov

Since August 2023, the maritime corridor across the Danube created by the Ukrainian Navy has exported almost 33.8 million tons of cargo, which exceeds the performance indicators of the “grain initiative,” said Oleksandr Kubrakov, Deputy Prime Minister for Reconstruction of Ukraine, Minister of Communities, Territories and Infrastructure Development (Ministry of Reconstruction).

“Over 7 months, 33.8 million tons of goods were exported through the Ukrainian corridor. This exceeds the volume of exports for the whole year of the Grain Initiative,” he wrote on the social network X.

It is specified that 1.14 thousand vessels were sent from the ports of Greater Odesa to 40 countries.

Of the 33.8 million tons of cargo transported through the Ukrainian sea corridor, 23.1 million tons were the products of Ukrainian farmers. At the same time, 33 million tons of agricultural products were exported during the year of the Grain Initiative, Kubrakov noted.

According to the Ministry of Reconstruction, in January 2024, the volume of agricultural exports through the corridor amounted to 3.4 million tons, with a total export volume of 7.8 million tons, including other cargoes, in February – 2.7 million tons with a total of 8 million tons of cargo delivered abroad, in March – 2.1 million tons with 6.3 million tons, respectively.

According to Kubrakov, 150 vessels are currently waiting to approach the ports of Odesa, Chornomorsk and Pivdennyi, which are expected to export almost 5 million tons of cargo.

“We can say that we have reached almost pre-war export volumes from the ports of Greater Odesa, and we have introduced a much more efficient logistics route without the participation of the aggressor state, while continuing to be a guarantor of the world’s food security. This is another joint victory of the state, the Joint Defense Forces and the entire maritime infrastructure industry,” he wrote on Facebook.

Earlier it was reported that in February, exports from Ukraine via the sea corridor reached a record 8 million tons. In mid-March, Deputy Minister of Communities, Territories and Infrastructure Development Yuriy Vaskov said that more than 1,000 vessels had sailed through the Ukrainian sea corridor since its launch, transporting almost 31 million tons.

After obtaining the necessary permits from the Ukrainian Navy, the corridor began operating around the clock.

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