KYIV. Feb 16 (Interfax-Ukraine) – President of the Ukrainian Grain Association (UGA) Volodymyr Klymenko has said that he want to build or buy freight wagons to transport agricultural products in the conditions of a lack of rolling stock if public joint-stock company Ukrzaliznytsia provides a 30% discount.
“Farmers have proposed to include the carrier to the supervisory board of representatives of key sectors to return trust to it. We are ready to build wagons themselves if a 30% discount to the tariff is given. In addition, Klymenko recalled the specifics of the sector operation and said that the increase of the tariffs before July 1 is unacceptable for the representatives of the sector,” The head of the Verkhovna Rada committee on industrial policy and entrepreneurship, Viktor Halasiuk, said in a press release after the round table held on Tuesday and devoted to the influence of the tariff policy on industry and economy.
According to the press release, President of Ukrmetallurgprom Association (Dnipro) Oleksandr Kalenkov said that due to unsatisfactory operation of Ukrzaliznytsia the mining and metal complex of Ukraine saw large losses in H2 2016. Some 3 million tonnes of steel was not made.
He said that the structure of the cash cost of the Ukrzaliznytsia’s tariff remains non-transparent.
“They say that the tariffs are low, while in presentations for European investors they say that return on cargo transportation is 35-50%. Thus using monopoly the railways subsidizes passenger transportation,” he said, adding that some tariffs exceed the tariffs in Russia.
“This year Ukrzaliznytsia seeks to invest UAH 27 billion. At present, before the increase of the railway tariffs, the company can use UAH 13 billion. Show your effectiveness and then we will give consent to the indexation [of the tariffs],” he said.
KYIV. Feb 16 (Interfax-Ukraine) – The Nova Poshta Group does not plan to transform own financial company Post Finance (the Forpost payment system) into a bank, co-owner of the group Volodymyr Popereshniuk has said.
“Forpost will remain a transaction financial company. In 2016 over 30 million transactions were settled via the company. Initially this is logistics, but in the financial area. We do not plan to create a bank and expand. We will develop these services. Maybe we will invent some wallets, but we do not want to make it a full-featured bank,” he said in an interview with Interfax-Ukraine.
Popereshniuk said that the banking market is overregulated.
“The main reason is that it is hard to create a bank. The market is overregulated. The minor reason is that it is separate business. We do not want to divert our attention from logistics. If there were an opportunity of opening a bank without any problems we would have opened it, as we twice suffered from bank Finance and Credit and National Credit,” he said.
Earlier in April 2016 co-founder of the group Viacheslav Klymov said that Nova Poshta could create a bank on the basis of Post Finance in the future.
Nova Poshta was founded in 2001. The company is a leader on the express delivery market in Ukraine. Its network includes over 2,300 depots and 1,400 pick-up and drop-off points in over 1,000 cities and towns of Ukraine.
KYIV. Feb 16 (Interfax-Ukraine) – Pubic joint-stock company Kokhavynska paper factory (Lviv region), a hygienic paper goods producer, tentatively saw UAH 58.25 million of net profit in 2016. This was 44% more than in 2015.
The company said in a report on the agenda of the general meeting of the company’s shareholders scheduled for March 23, undistributed profit as of early 2017 was UAH 183 million compared to UAH 128.8 million a year ago.
Current liabilities almost doubled, to UAH 38 million and noncurrent – grew by 2.4 times, to UAH 199.6 million.
Assets totaled UAH 241.85 million as of January 1, 2017 (a rise of 54%). Total debt rose by 3.5%, to UAH 32.1 million.
Kokhavynska paper factory has been operating since 1939. The factory producers base paper for hygienic goods, toilet paper and paper towels.
Its charter capital is UAH 710,000. As of Q3, 2016, five resident individuals held over 10% each in the factory, including almost 12% belonged to the head of the supervisory board, Mykhailo Tytykalo.
KYIV. Feb 16 (Interfax-Ukraine) – The number of transactions using payment cards in 2016 increased by 28%, to 2.513 billion, and their volume – by 30.6%, to UAH 1.61 trillion.
According to the website of the National Bank of Ukraine (NBU), the volume of transactions to obtain cash using payment cards rose by 22.5% and amounted to UAH 1.039 trillion (64.5% of total transactions with payment cards), while that of non-cash payments by 48.5%, to UAH 571.275 billion (35.5% of total transactions with payment cards).
The total number of active payment cards last year grew by 5% or 1.55 million, reaching 32.4 million as of January 1, 2017. The number of contactless payment cards rose by 37.4% or 540,000, to 1.99 million. The number of payment cards with e-money function soared by six times, to 54,000.
“The number of retail and servicing companies using cashless payments last year grew by over 11% or 14,674, to 145,938. As of January 1, 2017 there were 33,800 ATMs and 219,200 terminals,” the NBU said.
The leaders in terms of payment cards are PrivatBank, Oschadbank and Raiffeisen Bank Aval.
KYIV. Feb 15 (Interfax-Ukraine) – JKX Oil&Gas Plc in January 2017 increased average daily production in Ukraine by 9.9% year-over-year and by 13.4% on December 2016, to 4,356 barrels of oil equivalent per day (boepd), the company’s press service reported on Wednesday.
Gas production grew by 7.6% and 14.6% respectively, to 21.2 million cubic feet per day (MMcfd).
Average group production for January 2017 was 10,136 boepd, a 1.8% month-on-month increase, while production in Russia declined by 5.5% compared to December 2016, 5,779 boepd.
Average group production in January fell by 4.5% year-over-year.
“In Ukraine, gas and liquids production increases were driven by the workover of well NN47 at the Rudenkivske field that was completed in December,” the company said.
In January NN47 produced a total of 138 million cubic feet of gas and 5,786 barrels of condensate. In addition, the Ihnatovske field waterflood project commenced with injection of water through well IG126 in the southern part of the field.
According to the report, in Russia, gas production fell as effects of acid stimulation on wells 25 and 27 that completed in November began to subside. Further acid stimulation carried out on these wells in the latter part of January helped restore daily production to previous levels.
JKX said that in Hungary, gas sales from the Hajdunanas field commenced on February 2, 2017 at an initial rate of 1.8 MMcfd, after a production and sales break of more than three years. Production forecasting and development planning is underway and future work may include a workover of the existing Hn-1 well to add production from the Lower Pannonian reservoir interval.
Earlier JKX Oil&Gas Plc said that in 2016 the company saw a 7.5% fall in average daily production in Ukraine, to 4,001 boepd. Average group production grew by 12.1%, to 10,083 boepd.
The largest shareholders of the company are Eclairs Group of Ihor Kolomoisky and Hennadiy Boholiubov with 27.54% of the shares, Glengary Overseas Limited of Oleksandr Zhukov with 11.45%. In addition, Russia’s Proxima Capital Group owns 19.92% in JKX.
KYIV. Feb 15 (Interfax-Ukraine) – The Ukrainian media online advertisement market totaled UAH 1.784 billion in 2016, and this was 38% up on 2015, the Ukrainian Internet Association has said in a press release.
The direct sale share of the market was 47%.
The largest segment was the banner advertisement with 51.2% of the market. The share of advertisement in a video player (pre-roll, mid-roll, post-roll, pause-roll, overlay advertisement and picture-in-pause) was 28.7%, the share of in-page video (content-roll) was 4.8% and other unconventional solutions (pop-up or pop-under windows, catfish, screen glide, synchronous banners, frontlines, full screen advertisement, audio advertisement in the digital audio flow and other solutions) was 12.3% and sponsorship – 3%.
The media Internet advertisement recording was based on analysis of data from questioning of largest advertisement agencies, website and sales houses.
“AdPro(DAN), ITCG, Iplace, Publicis Groupe Media, TMGU, AdWork, DIEVO, MediaHead, Neos, Netpear, Promodo, newage leading online advertisement agencies and representatives of largest platforms, holdings and sales houses as Lux (Channel 24), RBC, RIA, Ukr.net, UMH, Digimedia, Admixer, DMDim/Go2Net, FISH, DigitalDecisions, Adwise, T-Sell, olx.ua, Finance.ua, Online.ua, Rontar, Novoye Vremia, Minfin.com.ua, Edipress, RST and Obozrevatel took part in the poll,” the Ukrainian Internet Association said.
