Orlen Group increased petrol and diesel fuel supplies to Ukraine by 11% in 2017, the company’s report says. “Strong pressure is exerted in the Ukrainian fuel market on the part of Russian and Belarusian exporters, offering competitive prices. In spite of unfavorable conditions, Orlen Group increased sales of petrol and diesel fuel to the Ukrainian market by more than 11%,” the report says.
At the same time, the volumes of petrol and diesel fuel delivered in 2017 are not specified.
As reported, Ukraine in 2017 imported 7.828 million tonnes of petroleum products (under foreign economic activity code 2710 – petrol, diesel fuel, fuel oil, jet fuel, etc.) for a total of $4.159 billion, in particular in December for $433.776 million.
According to the State Fiscal Service, imports from Belarus totaled $1.828 billion (a share of 43.96%), Russia for $1.272 billion (30.6%), Lithuania for $469.398 million (11.29%), other countries for $588.944 million (14.16%).
Ukrainian Insurance Group (Kyiv) in 2017 saw a net profit of UAH 38.231 million, which is 20.2% more than in 2016.
According to materials for the agenda of a general shareholders’ meeting scheduled for April 20, the company last year increased assets by 3%, to UAH 830.8 million.
Its net worth grew by 10%, to UAH 291.572 million.
Fixed assets for the year increased by 9%, to UAH 12.521 million.
Total debtor indebtedness for 2017 decreased by 2.2 times, to UAH 30.718 million.
Cash and cash equivalents were up by 4.4%, to UAH 535.434 million.
Current liabilities amounted to UAH 62.851 million.
Ukrainian Insurance Group has been operating in the Ukrainian insurance market since 2000. Since 2008 it has been a full member of Vienna Insurance Group, the leading insurer in Austria, Central and Eastern Europe.
Its charter capital is UAH 114.259 million.
The change of the inflation trends to a downward one is expected in coming months, Deputy Governor of the National Bank of Ukraine (NBU) Dmytro Solohub has said.
“In annual terms, it will start to slow down, and it’s understandable: in the next few months… If you look at the last year, then the inflation shock began to unfold starting around April,” he told journalists in Kyiv on Friday.
As reported, growth of consumer prices in Ukraine in 2017 accelerated to 13.7% from 12.4% compared to 2016, which, however, is significantly lower than in the past years: 2015 – 43.3%, 2014 – 24.9%.
Inflation in Ukraine in January 2018 was 1.5% compared to 1% in December 2017. In annual terms, consumer price growth also accelerated in January to 14.1% from 12.6% in the previous year.
At the same time, in February, consumer price growth slowed to 0.9%. In annual terms, inflation fell to 14%.
Ukroliya (Poltava region) is preparing first batches of organic unrefined oil (around 500 tonnes) for exporting them to the Netherlands, Lithuania, France and Switzerland. “So far all our organic products are exported,” Head of the Ukroliya Organic Project, Head of the raw materials supply department of Ukroliya LLC exporting Maksym Turko said on the sidelines of the second international congress Organic Ukraine 2018. According to him, the plant Ukroliya Organic in the near future will launch a line for packaging of organic oil, which will be sold in Ukraine.
“The products, which will soon appear on the shelves of Ukraine’s retail networks, we will be packed under the Garna Organic trademark,” Turko said.
As reported, in November 2017, Ukroliya invested about UAH 50 million in the new Ukroliya Organic plant for production of organic oil in the settlement of Dykanka in Poltava region. Ukroliya was founded in 2001. The company produces and sells bottled and bulk sunflower oil, sunflower meal and husk.
The company said that its share of the Ukrainian bottled sunflower oil is around 15%. Ukroliya exports products to over 40 countries. According to the unified register of legal entities and private entrepreneurs, the ultimate beneficiaries of the company are Bohdan Yesypov, Vadym Shvachka and Yuriy Shevchenko
Agroliga group of companies (Kharkiv region) has launched a new project in the field of bioenergy, according to its report on the website of the Warsaw Stock Exchange. According to the report, on March 12, 2018 the founders decided to register a new enterprise, AGL Energy LTD, whose core business will be production and sale of electricity at a feed-in tariff.
The processed materials, in particular sunflower husks, obtained from production of vegetable oil at the group’s factories, will be used as biofuel for energy production.
The share of Agroliga in the capital of the new enterprise is 50%. Agroliga has been operating in the Ukrainian agricultural market since 1992. Its enterprises are engaged in growing grains, processing sunflower seeds and dairy farming. The group cultivates about 10,000 hectares of land. The capacity of the oil extraction factory for processing sunflower is 35,000 tonnes per year.
PJSC Farmak, the Ukrainian pharmaceutical producer, saw its net profit rise by 29.91%, to UAH 839.09 million in 2017 against UAH 677.202 million in 2016, the company reported in the information disclosure system of the National Commission on Securities and the Stock Market. The company shareholders plan to discuss the results of the company’s work at a general meeting scheduled for April 19. The company’s assets for the period increased by 11%, to UAH 4.86 billion.
According to the state register, the ultimate beneficiary owner of PJSC Farmak is head of its supervisory board Filia Zhebrovska. As reported, in 2017 Farmak increased sales in the retail pharmaceutical market by 21% in monetary terms.
PJSC Farmak is a Ukrainian manufacturer of medicines at the European level, the leader of the pharmaceutical market of Ukraine in terms of sales. Farmak exports products to 20 countries. The company’s portfolio includes 220 product dossiers. Annually the company brings up to 20 new products to the market.
