The National complex Expocentre of Ukraine (Kyiv) signed a lease agreement with the development and educational project more, which won the first auction for the lease of state property on the electronic platform Prozorro.Sale.
“Just recently, an important event took place in the history of Expocentre, to which we have been going for a long year and a half. We became pioneers and the first among state-run organizations who signed a lease agreement with a partner within the framework of the auction of the State Property Fund,” Managing Director of Expocentre Yevhen Mushkin wrote on Facebook.
According to him, the contract was concluded for 13 years. The rented pavilion (formerly Dary Moria) will also be renovated.
The educational project mOre, created by co-owner and CEO of the TransInvestService (TIS) Andriy Stavnitser, was previously located in the Toronto business center in Kyiv, but after the acquisition of a part of the building by the Kovalska group, the lease was terminated due to a delay in rent.
As reported, in October 2019, the Verkhovna Rada adopted a bill on the lease of state-owned and municipal property, providing possibility of holding procedure of electronic auction. The first electronic auctions under the new lease law were expected in April 2020.
The KSG Agro agricultural holding saw $4.77 million in net profit in January-September 2020, which is 52% less than in the same period in 2019.
According to an unaudited report of the holding, published on the Warsaw Stock Exchange, its revenue in the first nine months of 2020 decreased 17%, to $14.67 million.
In January-September of this year, KSG increased its gross profit 3.6 times compared to the same period in 2019, to $6.77 million, operating profit – 5.4 times, to $13.61 million. EBITDA in the reporting period grew 3.8 times, to $14.71 million.
Revenue and cost of sales are both lower by 17% and 36%, respectively, and primarily in the crop production segment, which is more affected by seasonality and weather conditions. Total revenue in the crop segment in the first nine months of 2020 was $6.9 million, compared to $9.7 million for the same period in 2019.
In January-September 2020, KSG’s revenue in the livestock segment decreased 0.5%, to $7.4 million, As part of the “other operations” segment revenue grew 1.7 times, to $0.4 million. Total pig sales in the first nine months of 2020 year amounted to 80,000 heads.
“The Board of Directors of the company does not currently provide for the significant adverse effects of the coronavirus COVID-19 epidemic on the group’s financial results in 2020,” the company said in its report.
The vertically integrated holding KSG Agro is engaged in pig breeding and production, storage, processing and sale of grain and oilseeds.
Carrying out the reform of the taxi market in Ukraine in a five-year perspective can create 100,000 jobs, according to the Uber taxi service.
“I believe that the adoption of a civilized reform will lead, firstly, to an increase in passenger safety, and secondly, to an inflow of foreign investments into Ukraine, and as a result to the creation of jobs. We estimate that the taxi reform may create 100,000 jobs in Ukraine over a five-year perspective,” Uber’s Development Director in Central and Eastern Europe Georgii Sokolianskyi said during an online discussion on the taxi market on Thursday.
According to him, the main obstacle to the development of the taxi market in Ukraine is the lack of sufficiently high-quality cars for those who are ready to work in this sector, since cars and loans in Ukraine are very expensive, especially in comparison with the EU countries.
Sokolianskyi also said that platforms such as Uber often reach agreements with car manufacturers on special terms of purchase, with leasing companies on cheaper loans, potentially secured by companies. At the same time, there is a model on the market for working with private drivers, when the platform gives money for the first payment for a car, and in return the driver agrees to brand the car for a certain period.
“At the same time, neither we, nor private investors in vehicle fleets can invest in an illegal market, where investments may be lost tomorrow if the head of the State Service of Ukraine for Transport Safety (Ukrtransbezpeka) or the head of the National Police changes,” Sokolianskyi said.
He said that due to problems with regulation in the taxi sector, Ukraine often loses competition for investment to other countries.
“For an investor, the rule of law, fair courts and transparent regulation are always important. And, perhaps, today we cannot change the quality of Ukrainian legal proceedings, but we can change the transparency of taxi regulation,” Uber’s Development Director in Central and Eastern Europe said.
JSC Ukrzaliznytsia plans to repair 313 locomotives in 2021, having invested more than UAH 4 billion of capital investments, the company’s press service said on Wednesday, with reference to Ukrzaliznytsia board member Frantisek Bures.
Ukrzaliznytsia says that next year it is also planned to repair, modernize and build more than 23,500 new cars. In particular, to build 3,000 new cars, overhaul and modernize more than 20,500 cars.
Earlier, Director of the Cargo Traffic unit at JSC Ukrzaliznytsia Irakli Ezugbaia said that Ukrzaliznytsia intends to increase investments in rolling stock and infrastructure.
“So, if this year capital investments amount to UAH 4.8 billion, then next year we plan to invest UAH 25.8 billion, some UAH 28.4 billion in 2022, and some UAH 41.1 billion in 2023. Thus, we will be able to provide our customers with equal access to the infrastructure and not refuse any one along with the transportation of goods that can be placed at Ukrzaliznytsia,” he said.
Passenger traffic at Kyiv Sikorsky International Airport in January-October 2020 amounted to 646,600 passengers, which is 71.1% less than the same period in 2019.
According to the airport’s website, the number of passengers serviced on international flights amounted to 633,700 and to 12,900 on domestic.
The number of flights (arrivals and departures) in January-October 2020 amounted to 10,900, which is 53.5% less than in the same period in 2019, of which 8,750 were international flights, and 2,200 were domestic.
The most popular international destinations since the beginning of 2020 are Warsaw (Poland), Minsk (Belarus), Vienna (Austria), Berlin (Germany), London (Great Britain), Memmingen and Dortmund (Germany), and Zaporizhia, Dnipro and Odesa as for domestic ones.
In October 2020, the airport serviced 46,100 passengers, which is 79.5% less than in October 2019. The number of passengers serviced on international flights is 44,200, on domestic flights 1,900 passengers.
The number of flights (arrivals and departures) in October 2020 amounted to 1,151, which is 49.3% less than in the same period in 2019, of which international were 930, and domestic 221.
The most popular international destinations in October 2020 were Warsaw (Poland), Dortmund (Germany), Billun (Denmark), Dalaman (Turkey), London (Great Britain), Poznan (Poland), Vilnius (Lithuania); and Zaporizhia, Dnipro and Odesa as for domestic ones.
The profit of Ukrainian banks in April-September 2020 fell by 22.2%, to UAH 37.6 billion compared to the same period a year earlier (year-over-year), at the same time, the National Bank of Ukraine (NBU) expects that till the end of 2020 the banking system of Ukraine will be profitable.
According to an overview of the banking sector on the NBU website, the banking sector continues to overcome the consequences of the COVID-19 pandemic, in the third quarter of 2020 the main indicators of banks resumed growth. At the same time, losses from the deterioration of the loan portfolio quality remain the main challenge for the profitable activities of banks.
According to the NBU report, during the third quarter, the rate on 12-month deposits in hryvnias decreased by only 0.9 percentage points, to 8.7% per annum. It is noted that, although the NBU refinancing rate remains unchanged, a further decrease in loan rates is expected, since the potential for their reduction has not yet been exhausted.
According to the National Bank, the spread between three-month and 12-month deposits in hryvnias increased slightly from 0.2 percentage points to 0.5 percentage points, but this did not create incentives for the continuation of the maturity of deposits, and corporate hryvnia funds fell by 1.4 percentage points, to 3.8% per annum.
According to the report, the average interest loan rates to economic entities in hryvnias decreased by 1.0 percentage points, to 9.6% per annum in July-September, and for loans to individuals by 1.9 percentage points, to 30.9% per annum.
It is indicated that the net assets of Ukrainian banks in the third quarter increased by 7.6% to UAH 1.71 trillion, the share of government domestic loan bonds in assets by 4.8 percentage points, and NBU deposit certificates by 17%.
