In 2024, Poltava Oil Extraction Plant, a part of Kernel Agricultural Holding, posted a net loss of UAH 61.06 million compared to UAH 27.06 million in net profit a year earlier.
According to the agenda of the annual general meeting of shareholders scheduled for April 18 in remote mode, the shareholders are proposed to approve the results of financial and economic activities, the loss of UAH 61.06 million to be covered in full at the expense of retained earnings of future years.
The shareholders are to hear and approve the report of the company’s board of directors and take into account the recommendations of the audit company Forum LLC in their further work. They will also review a number of contracts with raw material suppliers, which are used to produce and bottle the oil and produce meal.
In addition, the shareholders will give their consent to enter into significant transactions with a maximum aggregate value of $5 billion during the year, subject to prior approval by the company’s board of directors.
The general meeting will approve a new version of the company’s charter, which will be subject to state registration of amendments in accordance with the requirements of the current legislation.
According to the Opendatabot service, in 2024, Poltava Oil Extraction Plant PJSC increased its revenue by 12.3% to UAH 1.436 billion, debt obligations by 13.1% to UAH 900.5 million, and reduced assets by 2.7% to UAH 1.456 million. The number of employees increased by 28 people to 573 during the year.
PJSC Poltava Oil Extraction Plant is a crude and refined sunflower oil production company founded in 1991. It is part of the Kernel agricultural holding. The processing capacity is 429 thousand tons of sunflower seeds per year (1.3 thousand tons per day). The mill uses tolling raw materials. It has 6 silos for short-term storage with a capacity of 15 thousand tons, as well as equipment for cleaning and drying grain.
The company produces unrefined, refined and hydrated vegetable oils, which it sells under the Shchedryi Dar, Liubonka and Chumak brands. Finished products are exported to Cyprus, Greece, Israel, Italy, Lithuania, and Saudi Arabia.
The beneficiary of the plant is Andriy Verevsky through Kernel-Capital LLC (99.63%).
TAS Agro’s southern cluster (Kirovohrad, Vinnytsia and Mykolaiv regions) has started the spring sowing campaign, with a focus on sunflower, which will be planted on 2764 hectares, the company’s press service reported on Facebook.
“The production units are fully provided with seeds, fertilizers, plant protection products, and fuel and lubricants. Modern technological complexes are used in sowing, which increase the accuracy of sowing and increase productivity,” said Andriy Zvarych, director of TAS Agro South LLC.
Meanwhile, preparations for the sowing season are underway in the central, northern and western clusters of TAS Agro. In particular, TAS Agro’s northern cluster in Chernihiv region is currently preparing machinery for the upcoming spring field work. TAS Agro West is completing the pre-sowing soil preparation stage, which involves closing off moisture on an area of 13.5 thousand hectares.
In addition, TAS Agro Center continues to provide comprehensive crop care and conducts regular fertilization of winter wheat using UAN-32 mixed with ammonium thiosulfate.
TAS Agro was established in 2014. Its land bank includes 88 thousand hectares in Chernihiv, Sumy, Kyiv, Vinnytsia, Kirovohrad and Mykolaiv regions. The holding specializes in crop production, with elevators with a capacity of about 250 thousand tons. The livestock business is represented by a cattle herd of 5.5 thousand heads, of which 2.5 thousand heads are dairy cattle.
According to the Opendatabot resource, the company’s revenue in 2023 amounted to UAH 2.588 billion, net profit – UAH 155.842 million, debt – UAH 1.2 billion, assets were estimated at UAH 1.8653 billion, and the number of employees – 129. The authorized capital is UAH 8 thousand.
The agricultural holding is part of the TAS group, founded in 1998. Its business interests include the financial sector (banking and insurance segments) and pharmacy, as well as industry, real estate, and venture capital projects.
The founder of TAS and the beneficiary of the TAS Agro agricultural holding is Sergiy Tigipko.
Passenger flow through western border of Ukraine in September 2024, thousand
US President Donald Trump has announced the introduction of large-scale duties on US imports. The tariffs are expected to affect trade volumes worth trillions of dollars.
Speaking in the Rose Garden near the White House, the US president announced “very, very good news”.
“In a few minutes, I will sign a historic executive order on reciprocal tariffs for countries around the world. Reciprocal. That means what they do to us, we’ll do to them. Very simple. It couldn’t be simpler,” Trump noted.
He criticized Thailand, India, Vietnam and other countries for unfair, in his opinion, tariff policies and tax regimes on American goods. And gave the example that the US charges only 2.4% duty on motorcycles, while India charges 70% and Vietnam 75%.
Also before signing the executive order, he went on to describe at length the “unfair tariffs” that other countries have imposed on U.S. goods. “Sometimes friends are worse than enemies,” Trump said, referring to the high tariffs that certain allied countries like Japan have imposed.
“This is one of the most important days in American history. This is our declaration of economic independence,” the US president emphasized.
“Against countries that treat us badly, we will calculate the sum of their tariffs, non-monetary barriers and other forms of fraud,” he said, explaining exactly how much ‘reciprocal tariffs’ the US will impose.
He also reiterated that the U.S. will impose 25 percent tariffs on all foreign-assembled cars at midnight April 2 to 3. And he also announced a universal or “minimum basic tariff” of 10 percent on imports.
The amount of duties by major U.S. trading partners
According to the executive order, the U.S. imposes additional duties in the amount of:
China – 34%
European Union – 20%
Vietnam – 46%
Taiwan – 32%
Japan – 24%
South Korea – 25%
Thailand – 36%
Switzerland – 31%
Indonesia – 32%
Malaysia – 24%
Cambodia – 49%
Great Britain – 10%
South Africa – 30%
Brazil – 10%
Bangladesh – 34%
Singapore – 10%
Israel – 17%
Philippines – 17%
Chile – 10%
Pakistan – 29%
Sri Lanka – 44%
The reciprocal tariffs will come into effect on April 9, 2025. And all countries will start paying the minimum base tariff on April 5.
And the base tariff of 10% will be added to the tariffs imposed against specific countries. This means, for example, that for Chinese goods the tariff will be 44% (34+10), for goods from the EU – 30% (20+10).
How the new duties were prepared
Previously, Trump and his inner circle named the European Union, Mexico, Canada, Japan, South Korea, Vietnam and India as likely targets of future duties in an effort to “punish unfair trade practices.”
According to Bloomberg, $33 trillion worth of global trade is in the crosshairs, with countries from Brazil to China facing a 4 to 90 percent drop in exports to the United States. Presumably, average duties could rise by 15%, driving up inflation and increasing the risk of a U.S. recession.
The measures taken today are in addition to steps taken since Trump took office in January. His administration has imposed an additional 20% tax on all imports from China and 25% on many goods from Mexico and Canada. There is also a global 25% tariff on steel and aluminum imports. An executive order was also signed imposing 25% duties on imports of automobiles and certain parts (effective April 3).
What the consequences could be
According to Bloomberg, under the maximum approach, average tariff rates in the U.S. would increase to 2%, which would reduce U.S. GDP by 4% and increase prices by nearly 2.5% over two to three years.
The impact on trading partners in any scenario would be severe. China, the EU, and India could top the list of countries that would be affected by the impact on exports to the US, although their economies could endure. Canada and Southeast Asian countries are likely to feel a larger overall impact.
More than 2.1 thousand declarations with cryptocurrencies were filed by Ukrainian officials in 2024. This is 2.2 times more than before the full-scale campaign. Representatives of the National Police of Ukraine are particularly active in declaring cryptocurrencies. Tether (USDT), Bitcoin (BTC, XBT), and Ethereum (ETH) remain the most popular cryptocurrencies among officials.
Ukrainian officials are increasingly mentioning cryptocurrencies in their declarations. Thus, 2113 declarations with cryptocurrency were filed by officials in 2024. This is 2.2 times more than before the full-scale campaign. The number of such declarations increased by 10% over the year.
Representatives of law enforcement agencies are particularly active in declaring cryptocurrencies. The National Police of Ukraine is the most active: 322 declarations mentioning cryptocurrency. This is 15% of all such declarants.
The prosecutor’s office is not far behind: cryptocurrency is listed in 240 declarations. Judges filed 227 such documents, and there were 119 officials with digital assets in city councils. Among the representatives of the Armed Forces, cryptocurrency was listed in 77 declarations. In another 38 cases, crypto was declared by NABU representatives.
If we look at the geography of crypto declarations, everything is more predictable. Kyiv and the region are in the lead with 582 and 185 officials with cryptocurrencies. In Kharkiv region, 172 civil servants declared crypto, and in Dnipropetrovs’k region, 167. Lviv region rounds out the top five with 133 cryptocurrency declarants.
The most frequently declared crypto-dollars are Tether (USDT) – 802 civil servants. Bitcoin (BTC, XBT), despite all the exchange rate fluctuations, consistently ranks second with 731 declarations. Ethereum (ETH) was declared by 713 officials.
The most bitcoins were declared by Oleh Bondarenko, chairman of the Verkhovna Rada Committee on Environmental Policy. He has 80 BTC on his account, which is equal to UAH 279.4 million as of April 1. The leader in the Ethereum (ETH) category is MP Serhiy Maisel, who owns 200 tokens equivalent to UAH 15.5 million. However, the record for the number of crypto dollars belongs to Vitaliy Brovko, head of a department at the Prosecutor General’s Office, who has 847,908 USDT in his declaration, which is estimated at UAH 35 million.
It is also worth noting that there are several ex-officials who could have made it to the top, but indicated that they had lost access to their crypto assets. 380.95 bitcoins – a record amount among Ukrainian officials – were reported and lost in 2021 by Roman Saramaga, Deputy Head of the State Service of Geology and Subsoil of Ukraine. This is about UAH 1.33 billion in hryvnia equivalent as of April 1, 2025.
The largest amount of ethereum – 1,800 units or more than UAH 140 million as of April 1 of this year – belongs to Ihor Osipov, a deputy of the Podil District Council of Odesa Oblast. However, in last year’s declaration, the official noted that he had lost access to his assets.
https://opendatabot.ua/analytics/crypto-2025
On Thursday, April 10, 2025, from 9:30 to 19:00, the second Eco-Industrial Parks Forum will take place in Kyiv, bringing together leading government officials, business and experts to discuss key strategies and solutions for implementing circular sustainable economy models in the context of Ukraine’s post-war recovery.
The high-level event will be held within the framework of the United Nations Industrial Development Organization (UNIDO) project “Global Eco-Industrial Parks Program II – Ukraine: National Component”, which is being implemented with the support of the Government of Switzerland through the Swiss State Secretariat for Economic Affairs (SECO) in cooperation with the Ministry of Economy of Ukraine.
The forum aims to join forces to accelerate the development of eco-industrial parks in Ukraine, which will become the driving force of the new generation economy, combining industrial development with the principles of a green economy.
The key topics of the forum will include:
Representatives of the Government of Ukraine, the Verkhovna Rada of Ukraine, the Embassy of Switzerland, UNIDO and other international organizations, as well as more than 30 leading international and Ukrainian experts and business community leaders will take part in the opening ceremony and discussion panels.
“The rebuilding of Ukraine is a chance to create a new generation economy integrated into the European economic space. Eco-industrial parks can become its driving force, combining industrial development with the principles of the circular economy. However, success depends on the right choice of models and policies, and this is a common challenge for government and business. Only joint efforts will contribute to the creation of industrial ecosystems that will become engines of sustainable growth,” said UNIDO’s Industrial Development Coordinator Christian Susan.
The forum will provide an opportunity to network with key stakeholders who shape the future of sustainable industrial development in Ukraine. The forum will also feature an award ceremony for the most successful eco-industrial parks in Ukraine 2025.
To register for the forum as a media representative, please follow the link: https://forms.gle/WS6Hhks5Gm1qyaDfA
To register as a forum participant: bit.ly/4c3kIsw
Registration is open until 12:00 on April 7, 2024. Upon completion of the registration, registered media representatives will receive a confirmation of registration with the location of the forum and details of the form.
For more information, please contact: office@conferexpo.com or call +380976844142
For reference:
The GEIPP Ukraine project is part of the Global Eco-Industrial Parks Program (GEIPP), which is implemented by UNIDO in seven countries and funded by the Government of Switzerland through the State Secretariat for Economic Affairs (SECO). The main beneficiary of the project is the Ministry of Economy of Ukraine. The project started in 2020.
The main goal of the project is to demonstrate the viability and benefits of eco-industrial park (EIP) model approaches to increase resource productivity and improve economic, environmental, and social performance of businesses, thus contributing to inclusive and sustainable industrial development in Ukraine.
More about the project can be found here: https://geipp-ukraine.org/
Interfax-Ukraine is a media partner
