Business news from Ukraine

Ukraine defeats China 9-0 at World Ice Hockey Championship

The Ukrainian national ice hockey team played its third match at the World Championship in Division 1B. The opponent was China, and the match ended with a score of 9:0.
China, which came to the tournament without legionnaires and players from the KHL club Kunlun, was again unable to resist the Ukrainian national team. The Ukrainians scored nine goals in the pre-World Cup sparring session.
Today, Ukraine will play an early match again, with Spain as the opponent.

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Share of installment purchases in housing market has increased – expert

The share of transactions for the purchase of housing on the terms of installments in March 2024 reached 95%, while a year ago the figure was 85%, and in the pre-war period – 70%, follows from the data of the group of companies DIM.

According to DIM, while the share of installments is growing, the rate of full payments on home purchases has fallen to 5%. At the same time last year, full payments accounted for 15% of transactions, and in the pre-war period – 30%.

“The greatest demand among customers are programs of interest-free installments, long-term installments from the builder from 3 to 5 years, installments for the first installment – payment of the first installment within 3 months, the program ‘eOsela’ for ready and under construction apartments, fixing monthly payments for the first year of installments, ‘vacations’ for installments, for example, in the winter months, and other promotions,” – said the marketing director of the group DIM Daria Bedya at the discussion panel DIM Talks.

According to her, as of March 2024, half of the structure of transactions was concluded with the first installment of 20-30% of the cost of the apartment, while a year ago they were only 35%, and in March 2021 – only 15% of the total number of contracts.

Another 20% of transactions today are concluded with a down payment of 10-20%, and only 10% of transactions – with 31-50%, while in the pre-war period this option was more popular (35% of transactions).

According to Bedia, when buying a one-bedroom apartment in 2024, clients more often choose housing with an area of 40-45 square meters, which is in line with the indicators of previous periods. At the same time, apartments with the area of 45-55 square meters have lost popularity after the start of full-scale invasion: transactions for their purchase today account for 5% of the total number against 20% in 2021.

According to DIM, 90% of transactions for the purchase of two-bedroom apartments concern housing with an area of 55-68 square meters, and objects of 70-82 square meters occupy only 10% of transactions, while before the full-scale invasion they occupied 40% in the structure of sales of two-bedroom apartments.

As for three-room apartments, 70% of their sales fall on the most compact variants – 80-85 square meters. m. According to DIM statistics, this trend has only intensified over the last three years.

As reported, in the first quarter of 2024, DIM Group commissioned two objects for 1,060 apartments.

DIM Group was founded in 2014 and consists of six companies covering all stages of construction. To date, it has commissioned 12 houses in six residential complexes with a total residential area of more than 218 thousand sq. m. At the stage of construction – six residential complexes of the category “comfort +” and “business class”: “New Autograph”, “Metropolis”, Park Lake City, Lucky Land, A136 Highlight Tower, Olegiv Podil.

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“Forests of Ukraine” fulfilled planting plan by 102% this spring

The State Enterprise “Forests of Ukraine” is completing spring planting, during which it has already planted more than 113 million seedlings, which is 102% of the plan, said the company’s CEO Yuriy Bolokhovets.

“We are continuing large-scale planting in the South, where no new forests have been created for many years. The areas for reforestation in Mykolaiv region have been agreed with ecologists so as not to harm the steppe ecosystem. Among other regions, the leaders in planting were the Kyiv Forestry Office and the Polissia Forestry Office,” he wrote on Facebook.

According to Bolokhovets, in 2024, foresters are not only reforesting, but also increasing the area of new forests, in particular, reforesting areas transferred to the state enterprise by local communities as part of the Forest Recovery project.

“In total, more than 2.1 thousand hectares of new forests have been created this spring, which is more than all forestry enterprises did in the entire year of 2022,” he added.

In addition, Forests of Ukraine is increasing the production and planting of seedlings with a closed-root system (CRS), which demonstrate better survival, savings on care and allow planting larger areas with fewer resources. Prior to the reform, 1-2 million seedlings were planted with the SSS, while this year’s plan is to plant 20 million, Bolokhovets said.

“In general, the creation of high-quality planting material is turning into a promising business area for the State Enterprise “Forests of Ukraine”. According to the latest news, we are preparing about 107,500 seedlings for sale to Estonia. Our network of seed-breeding centers is expanding and increasing its capacity,” summarized the CEO of the Forests of Ukraine.

As reported, the forestry reform was launched in Ukraine in 2016. As part of it, the sale of raw wood at electronic auctions has already been introduced. Since 2021, an interactive map of wood processing facilities has been operating in a test mode in a number of regions.

The industry has implemented the Forest in a Smartphone project, which contains a list of logging tickets for timber harvesting and allows you to check the legality of logging on the agency’s online map.

On June 1, 2023, Ukraine launched a pilot for the electronic issuance of logging tickets and certificates of origin of timber. In addition, the State Enterprise “Forests of Ukraine” has launched a pilot project to procure timber harvesting services through the electronic platform Prozorro.

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“Vodafone Ukraine” resumes dividend payments

In 2023, mobile operator Vodafone Ukraine resumed paying dividends, having not paid them in 2022, according to its annual report posted on the company’s website on Tuesday.

“In 2023, the company declared dividends to shareholders totaling UAH 1.828 billion, or UAH 2.33 per share,” the report says.

It is stated that as of December 31, 2023, all declared dividends have been paid. In particular, Telco Solutions and Investments LLC received a dividend of UAH 1.810 billion on August 9, and PPT Telecom Kyiv received a dividend of UAH 18.28 million on October 26.

As noted, Vodafone Ukraine did not pay dividends to shareholders in 2022.

Earlier it was reported that in 2023, Vodafone Ukraine increased its revenue in hryvnia by 9% to UAH 21.6 billion, while reducing it in dollars by 4% to $591 million. At the same time, net profit increased 4.6 times to UAH 5.07 billion and 4.1 times to $139 million, respectively.

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“Nova Poshta” has opened its first branch in Spain

Nova Poshta has opened its first Nova Post office in Spain – in Barcelona – and plans to expand its network to Valencia, Alicante, Murcia, Malaga, Estepona and Madrid in the near future, the group’s press service said on Tuesday.

“The opening of the first branch in Spain is just the beginning. We strive to be as close to our customers as possible, so in the near future we will open another branch in Barcelona, and during the year we will actively develop a network of parcel delivery service points together with our partners,” the release quotes Nova Post CEO in Spain Alexander Pavlovsky as saying.

According to the company’s press release, Nova Post’s Barcelona branch, which operates daily, allows customers to receive and send documents, parcels and cargo up to 100 kg to Ukraine. The declared delivery time is 8 days or more.

The cost of delivery from Ukraine to Spain is: UAH 1 thousand for documents, as well as UAH 1.05 thousand, UAH 1.7 thousand, and UAH 3 thousand for parcels up to 2 kg, 10 kg, and 30 kg, respectively. When sending a parcel from 30 to 100 kg, UAH 120 is paid for each kilogram.

It is noted that in May, Nova Poshta will launch targeted services in Spain, which will allow sending and delivering cargo up to 1 thousand kg to any address in the country. Delivery by courier will cost an additional UAH 100 for shipments up to 30 kg or UAH 120 for every 100 kg.

It is specified that Nova Poshta currently has more than 35 thousand points of service for sending and receiving parcels in Europe, of which 90 are Nova Post’s own branches in 11 countries: Estonia, Poland, Lithuania, Latvia, Czech Republic, Romania, Germany, Slovakia, Italy, Hungary and Moldova.

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Tigipko’s Dneprometiz reduced profits by 2.6 times

In 2023, Dneprometiz-TAS LLC (Dnipro), owned by Ukrainian businessman Sergiy Tigipko, reduced its net profit by 2.6 times compared to 2022, to UAH 9.658 million from UAH 24.733 million.

According to the company’s annual report, net income increased by 8.2% to UAH 2 billion 677.836 million last year.

At the same time, the company’s retained earnings amounted to UAH 248.899 million by the end of 2023.

As reported, in the first quarter of 2023, Dneprometiz earned a net profit of UAH 17.581 million, while it ended the same period in 2022 with a net loss of UAH 8.645 million, and net income increased by 54% to UAH 683.802 million.

In the first half of 2023, Dneprometiz posted a net profit of UAH 17.253 million against a loss of UAH 12.346 million a year earlier, while net income increased by 15.4% to UAH 1 billion 426.222 million.

“In January-September 2023, Dneprometiz posted a net profit of UAH 22.386 million, while the company ended the same period in 2022 with a net loss of UAH 14.371 million, and net income increased by 8.3% to UAH 2 billion 42.627 million.

“In 2022, Dneprometiz reduced its net profit six times year-on-year to UAH 25.572 million, while net income increased by 1.1% to UAH 2 billion 474.397 million.

“Dneprometiz-TAS produces hardware products from low-carbon steels. The company’s annual production capacity is 120 thousand tons.

As of the third quarter of 2023, the company is owned by T.A.S. Overseas Investments Limited (Cyprus) owned 98.6578% of the shares of PJSC Dneprometiz.

According to the annual report, the general meeting of shareholders of the company held on August 4, 2023, decided to liquidate Dneprometiz PrJSC by transforming it into Dneprometiz-TAS LLC (with a change of name). The state registration of the LLC as a result of the transformation took place on December 4, 2023.

The authorized capital of Dneprometiz-TAS LLC is UAH 83.480 million.