Business news from Ukraine

Business news from Ukraine

MORE THAN 15 INVESTORS INTERESTED IN PURCHASE OF MACHINE-BUILDING PLANT BILSHOVYK

More than 15 potential investors have shown interest in acquiring JSC First Kyiv Machine-Building Plant (formerly the Bilshovyk plant) at a privatization auction, the press service of the State Property Fund (SPF) of Ukraine has reported.
“As a result of high-quality preparation [of the enterprise for privatization], more than 15 potential investors have already shown interest in this asset, as evidenced by the non-disclosure agreements they signed to obtain detailed information on the enterprise,” the SPF said in a Friday press release.
The press service recalled that the SPF carried out “comprehensive work to stabilize this asset, defended the state interest in courts and returned the illegally alienated property, provided a deep audit of the enterprise and, despite all the obstacles, prepared the Bilshovyk plant for the privatization auction.”
The press service of the State Property Fund also declared attempts to impede the transparent privatization of the enterprise, and called them evidence of “the helplessness of the shadow employees separated from the large-scale state asset.”
“It is such a large-scale facility that the Bilshovyk plant is, which for decades was destroyed and was brought to a critical state: UAH 500 million in debt, seized property and destroyed production turned this facility into ruins – only for the illegal income of some individuals,” the press service said.

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KIEV MAYOR VITALI KLITSCHKO OPENS DAYS OF KIEV IN LEIPZIG

Kyiv Mayor Vitali Klitschko opened a photo exhibition in Leipzig (Germany) dedicated to the 60th anniversary of the sister city partnership between two cities.
“Today, the Mayor of Leipzig and I opened the Days of Kyiv in Leipzig. To mark the 60th anniversary of the sister city partnership and cooperation of our cities. The Days of Kyiv were opened with the photo exhibition about the daily life of the Ukrainian capital,” Klitschko wrote on Facebook on Saturday.
He noted that many Ukrainians living in Leipzig came to the photo exhibition

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INFLATION IN UKRAINE ACCELERATES TO 11% IN SEPTEMBER

The year-over-year growth of consumer prices in Ukraine in September 2021 accelerated to 11% from 10.2% in August, the State Statistics Service reported on Friday.
According to the service, after deflation of 0.2% in August, inflation was recorded at 1.2% in September this year, while in September last year, inflation was 0.5%.
In addition, the State Statistics Service last month recorded underlying inflation at 1.3% after zero underlying inflation in August 2021. In September last year, underlying inflation was 1.1%.
In the consumer market in September, prices for food and non-alcoholic beverages grew by 1.1%. Most of all (by 13.6%) eggs have risen in price. Prices for lard, vegetables, milk and dairy products, meat and meat products, butter and bread rose by 3.7-1.1%. At the same time, fruits, sunflower oil and sugar fell in price by 3.4-0.1%.
Prices for alcoholic beverages and tobacco products grew by 0.8%, which is associated with a rise in prices for tobacco products by 1.1%.
Clothes and footwear went up in price by 7.9%, including footwear – by 8.2%, clothes – by 7.6%.
The rise in prices (tariffs) for housing, water, electricity, gas and other fuels by 0.5% was mainly due to an increase in prices for natural gas by 1.8%, maintenance and repair of housing – by 1.4%, and housing rent – by 0.9%.
Transport prices decreased 0.1% due to a decrease in the cost of travel in railway passenger transport by 1.7%, fuel and oils – by 0.2%.
Education services have risen in price by 13.2%, namely: high education – by 17.3%, medium education – by 11.5%.
As reported, in August and July consumer prices rose by 10.2%, in June – by 0.2%, in May – by 1.3%.
In January-August 2021, inflation in Ukraine amounted to 7.5%, and underlying inflation was 5.5%.
The National Bank of Ukraine forecasted inflation in September-October at the level of 10-11% with a further decline below 10%.

CONTINENTAL FARMERS GROUP OPENS POTATO STORAGE FACILITY IN WESTERN UKRAINE

Continental Farmers Group agricultural holding put into operation a potato storage facility in the village of Chukva (Lviv region), designed for simultaneous storage of up to 16,000 tonnes of potatoes, investments in the project amounted to UAH 111.4 million, according to the website of the group.
“After launching a new complex in the village of Chukva, our company has the ability to simultaneously store over 100,000 tonnes of potatoes and supply them to our customers throughout almost the entire year with the preservation of quality indicators,” Continental Farmers CEO Georg v. Nolcken said.
Construction work at the facility with a total area of over 6,000 square meters was conducted during 10 months. The storage is zoned into six chambers for bulk storage of potatoes with a total capacity of 2,650 tonnes each, its shelf life is about 10 months.
Continental Farmers Group said that the floor of the potato storage is equipped with forced air systems that evenly distribute ventilation around the entire perimeter of the building, this technology is used for the first time in Ukraine.
The agricultural holding indicated among its priorities the cultivation of potatoes: chips, seed and food varieties. The total area under potatoes in the current production season amounted to 1,800 hectares, its harvest is stored in warehouses in Ternopil and Lviv regions with a total capacity of 103,000 tonnes. The group also has its own starch plant.
Agroholding Mriya and CFG, united under the name Continental Farmers Group, have been operating as a single business since November 2018.

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10-TH MEETING OF HIGH-LEVEL UKRAINE-TURKEY STRATEGIC COUNCIL TO BE HELD EARLY NEXT YEAR

The tenth meeting of the high-level strategic council between Ukraine and Turkey will be held in early 2022, Ukrainian Foreign Minister Dmytro Kuleba has said.
“The main topic of our today’s talks is the preparation of the tenth meeting of the high-level strategic council, chaired by Presidents Zelensky and Erdogan. The meeting of this strategic council will take place early next year,” Kuleba said at a joint press conference with Turkish Foreign Minister Mevlüt Çavuşoğlu in Lviv on Thursday.
The Minister pointed out that the strategic partnership between Ukraine and Turkey is currently at the highest point of development over the past 30 years.
Kuleba pointed out that the ministers agreed on specific steps that will speed up consultations between the ministries of economies of Ukraine and Turkey on signing a free trade agreement.
“Mevlüt and I are convinced that we and our colleagues from our governments must make every effort to fulfill as soon as possible the instructions of the two presidents and sign a free trade agreement. And today we have agreed on specific steps that will speed up consultations between the ministries of our countries’ economies,” he said.
Turkish Foreign Minister Mevlüt Çavuşoğlu is paying a working visit to Ukraine (Lviv) on October 7-8.

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KYIVSTAR UPDATES BUSINESS DATA SOLUTION PLATFORM

The Kyivstar mobile operator has updated the functionality of the Business Data Solution platform for independent client mailings and is relaunching it under a new name – Adwisor.
As the company’s press service said on Tuesday, the purpose of the updates was to create a multichannel marketing tool, the capabilities of which make it possible to better build communication with the client, expand the client base and, as a result, increase sales.
Kyivstar notes that the extended functionality of the platform took into account client requests for an accurate determination of the target audience of mailings, detailed analytics of promotional campaigns, etc.
According to the operator, in particular, among the updates: new filters for selecting the target audience of mailings (24 more were added to the existing filters, including: travel to regions of Ukraine with access to the Black and Azov Seas or the Carpathians; users of programs for online meetings; people interested in sports, movies, computer games, etc.); updated interface (tips appeared at each stage of working with the platform); improved analytics of the conducted mailings (now you can analyze in detail and compare promotional campaigns with each other using filters and data sorting); and saved audience templates for future campaigns.
“Today, successful work with clients is based on the ability to give them personalized offers – those that best meet the interests of consumers and their expectations. So, there is a high probability that the product or service will be bought. And, mailings, which are based on Big Data-analysis, are ideally suited for such communications,” B2B Director at Kyivstar Kostiantyn Vecher said.
According to him, the ability, thanks to Adwisor, to launch a promotional campaign quickly, customize all its parameters with your own hands, flexibly manage the budget, and draw conclusions based on accurate analytics is a competitive advantage that will help small and medium-sized businesses work with clients.

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