Business news from Ukraine

Business news from Ukraine

“Inzhir Bud” plans to buy out more than 20% of shares of ‘Multiplex-Holding’ PJSC

Established at the end of 2023, Inzhir Bud LLC, owned by its director Alexander Kozlov, intends to buy out a 20.88% stake in Multiplex-Holding PJSC. According to the company’s message in the information disclosure system of the National Commission for Securities and Stock Market, Inzhir Bud (USREOU 45280451) intends to purchase 17 million 907 thousand ordinary registered shares, which is 20.880235% of shares of PJSC Multiplex-Holding.

The message notes that at the time of submission and publication of this message Inzhir Bud LLC and/or its affiliates do not own shares of Multiplex-Holding.

According to Opendatabot data, “Inzhir Bud” was established in November 2023, authorized capital of 10 thousand UAH, the main type of activity organization of construction of buildings.

The founder and director – Alexander Kozlov, he owns 78%. Another 11% are held by venture investment funds National Capital and Avior under the management of AMC Capital Group LLC and AMC Contador LLC, respectively.

Multiplex-Holding PJSC (Kiev), which develops Multiplex cinema chain in Ukraine, was founded in 2003 with authorized capital of UAH 86 million. As of the end of 2022, the network had 29 cinemas, of which eight were damaged to varying degrees due to Russian military aggression. According to Opendatabot, shareholders with large stakes are ZNVKIF Vasat JSC (49%), Investtrobud LLC (20.8802%) and AMC Capital Group LLC (PVIFNZ National Capital (21.5989%).

 

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Ukraine in January-August increased imports of ferrous metals to $1 bln

Ukraine for eight months of this year increased imports of ferrous metals by 18.3% – up to $1 billion 11.921 million. In August imported products for $136.480 million.
In addition, in January-August 2024, Ukraine reduced exports of metal products by 2.8% – to $643.227 million. In August, they were exported for $85.533 million.
Imports of metal products for this period increased by 35.2% – to $697.075 mln. In August, these products were imported for $84.998 mln.

 

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Ukrainian metallurgical enterprises in January-August increased foreign currency earnings from ferrous metal exports to $2 bln

Metallurgical enterprises of Ukraine in January-August of this year increased revenues from exports of ferrous metals by 13.5% compared to the same period last year – up to $2 billion 66.849 million.
According to statistics released by the State Customs Service (SCS) on Friday, ferrous metals accounted for 7.49% of total receipts from exports of goods during this period against 7.44% in January-August-2023.
Ferrous metals export earnings totaled $314.901 million in August, compared to $285.516 million in the previous month.

 

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Ukrainian Foreign Minister: It is important that EU budget for 2028-2034 already reflects logic of Ukraine’s enlargement and membership in EU.

Long-term budget programs of the European Union should take into account Ukraine’s future membership in the EU, Ukrainian Foreign Minister Andriy Sibiga stressed.

During a discussion at the 20th Yalta European Strategy (YES) meeting in Kiev, the minister said that Ukraine needs macro-financial assistance and long-term support programs. According to him, the EU needs to build its policy now “through the paradigm that Ukraine is already a member of the European Union.”

“In accordance with the EU procedures, the process of preparing a 7-year budget for 2028-2034 starts in February 2025. It is very important that this budget already reflects this philosophy and logic. The logic of Ukraine’s enlargement and membership in the EU. This is very, very important, and we hope that our partners support this project,” Sibiga said.

According to the foreign minister, after World War II, one of the key goals of the founding of the EU was “to overcome war as a way of thinking and politics, and this idea remains relevant today.”

“There must be a clear realization that only Ukraine’s victory guarantees a secure future for Europe. We must be more decisive, act faster and with more confidence in our decision-making. Europe must also build up its defense capabilities,” he said.

Sibiga also assured European partners of Ukraine’s responsible work on the way to unification of domestic and foreign policy with the EU and careful fulfillment of its “homework”.

“In the field of foreign policy, Ukraine will ensure full harmonization with the EU and aims to join 100 percent of EU statements,” he said.

 

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Ukraine exported pig iron mainly to US, Italy and Turkey in January-August

In January-August this year, Ukraine reduced pig iron exports in physical terms by 19.8% compared to the same period last year, to 749.454 thousand tons. According to statistics released by the State Customs Service (SCS) on Friday, pig iron exports in monetary terms decreased by 19.6% to $286.447 million during the period.

At the same time, exports were carried out mainly to the United States (66.28% of supplies in monetary terms), Italy (10.03%) and Turkey (9.85%).

In the first eight months of the year, the country imported 15 tons of pig iron worth $37 thousand from Germany (in January, March, May, June, July and August, there were no imports), while in the same period in 2023, it imported 65 tons of pig iron worth $97 thousand.

As reported, in 2023, Ukraine reduced pig iron exports in physical terms by 5.8% compared to 2022 – to 1 million 248.512 thousand tons, while exports in monetary terms decreased by 26.2% to $471.467 million. Deliveries were made mainly to Poland (51.91% of supplies in monetary terms), Spain (21.41%) and the United States (13.15%).

In 2023, Ukraine imported 154 tons of pig iron worth $156 thousand from Germany (42.31%), Brazil (41.67%) and Poland (16.03%), compared to 40 tons of pig iron worth $23 thousand in 2022.

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Cyprus deprives Ihor Kolomoisky of citizenship

Ukrainian businessman Ihor Kolomoisky and seven other people have lost their “golden passports of Cyprus” after the republic’s authorities confirmed that they were obtained through fraud, misrepresentation and concealment of material facts, the Cypriot newspaper Phileleftheros reports.

“The decision, made on April 9, 2024, mentions that both before and after naturalization, he (Kolomoisky) was and remains a dubious person, and his naturalization has created and is creating a huge risk to the reputation of the Republic of Cyprus,” the newspaper writes.

It is noted that the key role in the decision was played by the fact that in his application for exceptional naturalization Kolomoisky did not mention anything related to the case of tax evasion in Russia, which was investigated by the Russian authorities in 2008, while his naturalization as a Cypriot took place two years later, in June 2010.

It is emphasized that Kolomoisky, in addition to his Cypriot citizenship, has also held Israeli and Ukrainian citizenship since 1995. At the same time, it is reported that he is being prosecuted in Ukraine on a number of episodes, as well as that the US State Department has banned him, his wife and children from entering the United States in 2021 due to his involvement in corruption during his tenure as head of the Dnipro Regional Administration.

“After an investigation by the Independent Commission, it was found that Kolomoisky was involved in serious crimes that attracted wide international attention from public and private entities with significant negative comments and accusations of fraud involving huge sums of money,” the newspaper states.

Source: https://interfax.com.ua/

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