Business news from Ukraine

PEPSICO CONSIDERS TO PLACE PRODUCTION OF LAY’S CHIPS IN UKRAINE

PepsiCo Ukraine, one of the largest producers of food and beverages, is considering the localization of production of Lay’s chips. “PepsiCo Ukraine to further meet the demand of consumers is working to improve the efficiency of work. Localization of production is one of the ways. To this end, we are studying and analyzing the Ukrainian agrarian sector, its potential,” the press service of the company told Interfax-Ukraine.
PepsiCo produces chips under the Lay’s brand in Poland. PepsiCo in Ukraine owns five enterprises: a plant for processing fruits, vegetables and juice production (Mykolaiv region), a plant for production of juices, carbonated drinks and cold tea (Mykolaiv region), Kharkiv Dairy Plant (Kharkiv), Kyiv Dairy Plant (Kyiv region), where Agusha baby food factory, launched in 2012, is also located.

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STATE-RUN UKRENERGO ATTRACTS KPMG AND TALENT ADVISORS TO DEVELOP COMPLIANCE POLICY

Ukrenergo on July 24 signed an agreement with KPMG Ukraine on the development of a compliance policy for the company, the press service of Ukrenergo has reported. “When developing the documents, emphasis will be made on specific compliance standards, concerning the work of transmission system operators, for which KPMG Ukraine will attract one of the German transmission system operators as a consultant,” the press service said.
In addition, on July 2 Ukrenergo signed a contract with the recruiting agency Talent Advisors LLC to find a compliance officer, who is also expected to be appointed as an agent for the implementation of an anti-corruption program in the company.
As reported, compliance is part of the management/control system in the organization, related to the risks of non-compliance with the requirements of legislation, regulatory documents, rules and standards of supervisory bodies, industry associations and self-regulatory organizations, codes of conduct, etc.

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EBRD TO PROVIDE EUR 5.6 MLN FOR BUILDING SOLAR POWER PLANT

The European Bank for Reconstruction and Development (EBRD) under the Ukraine Sustainable Energy Lending Facility (USELF) will provide a loan of EUR 5.6 million to Ekotechnik Shyroke LLC to build a solar power plant in Dnipropetrovsk region with the installed capacity of 7 MW, the press service of the EBRD has reported.
The ten-year loan is provided. According to the EBRD, the owners of Ekotechnik Shyroke LLC are Ekotechnik Group (the Czech Republic) and Tryba Energy (France). According to the unified public register, the beneficiaries of the company are Aleš Korostenský (the co-owner of Ekotechnik Group) and Ukrainians Yuriy Zasiadvovk and Bohdan Yevtushenko.

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