Business news from Ukraine

Business news from Ukraine

Ukraine sells the Ukraina Hotel

The auction for the sale in the system “Prosorro.Sales” of a single property complex of the state enterprise “Hotel “Ukraine” will be held on September 18, and 100% stake in JSC “United Mining and Chemical Company” (UGCC) – on October 9 of that year, the relevant dates determined the State Property Fund on Monday.

“Both auctions will be held in electronic format in the system “Prosorro.Sales” with the conditions approved by the Cabinet of Ministers on July 12, 2024. The maximum possible term for the auction has been set for OGCC, which allows potential buyers, including foreign ones, to conduct a full-fledged independent due diligence (Due Diligence) of the enterprise,” the privatization agency noted in a press release.

The starting price for the sale of the capital’s Hotel Ukraina is set at UAH 1 billion 47.637 million, while the price for OGCC is set at UAH 3 billion 899.358 million.

Ukraine in January-June reduced imports of lead by 4%

Ukrainian enterprises, according to the customs authorities, in January-June this year reduced imports of lead and lead products by 3.9% – to $560 thousand (in June – $137 thousand).
Exports of lead and lead products decreased by 30.8% over the reporting period – to $5.404 million (in June – $1.070 million),
The main use of lead is in the production of lead-acid batteries for the automotive industry. In addition, lead is used to make bullets and some alloys.

 

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Ukraine increased nickel imports by 68% in January-June

In January-June 2024, Ukraine increased imports of nickel and products by 68.3% compared to the same period in 2023 – up to $12.954 million (in June – $1.880 million),
In 2023, Ukraine decreased imports of nickel and products by 74.2% compared to 2022, to $15.391 million.
In 2023, exports of nickel and products amounted to $532 thousand, while in 2022 they amounted to $1,268 million.
Nickel is used to make stainless steel and for nickel plating. Nickel is also used in the production of batteries, in powder metallurgy and in chemicals.

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“Darnitsa” to open representative office in Uzbekistan

PrJSC “Pharmaceutical Firm “Darnitsa” will establish a representative office in Uzbekistan, the company reported in the information disclosure system of the National Securities and Stock Market Commission (NSSMC).

It is specified that, according to the decision of the Supervisory Board of Darnitsa adopted on July 12, the representative office will be established “in connection with the constant development”.

As reported, in 2023, Darnitsa increased its share of exports to 4%. The company exports its products to 17 countries. In particular, thanks to the confirmation of the stability of medicines in the southern climate zone and compliance in Australia, the company can expand cooperation with New Zealand, Malaysia, Yemen and South Africa. At the same time, in 2016, Darnitsa stopped exporting to the Russian Federation, and after February 24, 2022, to Belarus.

In June 2023, Darnitsa registered one of its medicines in Australia, which, according to the company, is known for some of the strictest regulatory rules in the world.

In 2023, the company increased its net income from operating activities by 32.8% compared to 2022 to UAH 6.969 billion. The company named new products and higher selling prices as the main factors of the increase in revenue.

“Darnitsa” is the leader of the Ukrainian pharmaceutical market in physical terms. The company has been present on the market for over 90 years and produces medicines of 180 brands in 15 different forms. The strategic areas of development of the portfolio are cardiology, neurology, and pain management. According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the ultimate beneficiary of the company is Hlib Zagoriy.

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Chairman of Ukrainian-Azerbaijani Business Association: COP29 plays key role in development of green energy in Azerbaijan

COP29 plays a key role in the development of green energy in Azerbaijan. This event will provide our country with a unique opportunity to demonstrate its responsible attitude to the use of natural resources by developing green energy.

Jalal Huseynov, chairman of the Ukrainian-Azerbaijani business association Terezi, told AZERTAD.

According to him, Azerbaijan will be able to show its commitment to sustainable development and investment in environmentally friendly technologies.

“This not only reduces dependence on traditional energy sources, but also helps attract international investment, exchange of experience and strengthen cooperation in the field of climate policy. Thus, holding COP29 will be an important step towards a sustainable and environmentally friendly future for Azerbaijan,” J.Huseynov emphasized.

He noted that our country is actively working on the development of alternative energy: “We have recently signed an agreement on an energy cable from Azerbaijan to the EU, which will allow Eastern European countries, including Ukraine, to connect to this system. This agreement opens up new opportunities for cooperation in the field of green energy.

Azerbaijan’s investments in green energy projects have great potential, especially in the context of the destruction of Ukraine’s energy infrastructure as a result of Russian aggression and the shortage of electricity generation during the war. These investments will help not only restore but also modernize Ukraine’s energy system, making it more sustainable and environmentally friendly.”

Jalal Huseynov said that Azerbaijan could also become a transit country for gas from Central Asia through Ukraine: “This was recently announced by the President of Ukraine Volodymyr Zelenskyy. Azerbaijan’s participation and experience in the development of new gas fields in Ukraine is also being considered, which indicates deep and promising economic ties between our countries.”

Source: https://azertag.az/ru/xeber/dzhalal_guseinov_cop29_sygraet_klyuchevuyu_rol_v_razvitii_zelenoi_energetiki_v_azerbaidzhane-3097202

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Ukraine starts supplying organic millet to US

Ukraine has begun exporting organic millet to the United States, certification company Organic Standard reported on Facebook.
“The products are certified in accordance with the COR (Canadian Organic Regime) standard, but the certificate for import to the United States was issued through the Integrity electronic system, which confirms the equivalence of organic requirements of Canadian and US standards,” the statement said.
“Such shipments demonstrate in practice how one certificate in accordance with the COR standard, taking into account equivalence, can cover two large markets at once – the United States and Canada,” the certification body explained.
Organic Standard LLC is the first Ukrainian certification body that inspects and certifies organic production. It was established in 2007 as part of the Ukrainian-Swiss project “Organic Certification and Organic Market Development in Ukraine”.

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