Business news from Ukraine

Business news from Ukraine

NADRA UKRAINY PUT UP FOR AUCTION OFFICE BUILDING IN LVIV FOR UAH 445 MLN

State-owned enterprise (SOE) Nadra Ukrainy put up for auction an administrative and office building with an area of 8,200 square meters at 8 Adam Mickiewicz Square in Lviv for UAH 445 million, the press service of the Ukrainian Energy Exchange reported.
According to the announcement in the ProZorro.Sales system, the seven-storey building is an architectural monument of local importance and is privately owned by Nadra Ukrainy. Moreover, the building needs renovation.
The auction is scheduled for December 1, 2020.
Nadra Ukrainy was established in 2000 and unites 13 geological and specialized enterprises, representing the interests of Ukraine in joint investment projects in the country.

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MARKET OF NEW COMMERCIAL VEHICLES IN UKRAINE UP

Initial registrations of new commercial vehicles (including trucks) in Ukraine in October increased by 11% compared to the same month of 2019 – up to 1,250 units, but compared to September this year they decreased by 7.4%, Ukrautoprom reports.
According to the association, more than a quarter of this segment of the car market in October was covered by the Renault brand, whose sales grew by almost 40% by October-209 – up to 353 cars. The second line of the ranking, as in October 2019, is occupied by Fiat with 135 registrations, which is 1.5% more than last year. Citroen has the third result (against the eighth a year earlier) with 105 registrations, or 69% more.
The fourth position of the rating is taken by two brands MAZ (-5%) and Peugeot (-11%) with 80 new cars each. Ford closes the top five with a 23% increase in sales – up to 79 new commercial vehicles.
Taking into account the October figures, 8,965 new commercial vehicles were registered in Ukraine in January-October 2020, which is 9% less than in the same period last year.

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VODAFONE UKRAINE, UDP AGREE TO IMPLEMENT IOT IN RIVER TRANSPORTATION

The mobile operator Vodafone Ukraine has signed a memorandum with PrJSC Ukrainian Danube Shipping Company (UDP) on the use of IoT solutions in the field of cross-border river transport.
In particular, the company will introduce online monitoring of the movement of ships, provision of communication facilities on the territory of Ukraine and abroad, as well as tracking the content of cargo.
“We also agreed to use the capabilities of Big Data analytics for the subsequent creation of systems for predicting efficiency and preventing losses. We hope that cooperation with UDP will be successful and become an example of how digital technologies can be used to increase the success of an enterprise,” said deputy Director General of Vodafone Ukraine Andriy Bolshakov during the signing of the document.

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METINVEST BONDS 2027 JOIN BENCHMARK EM INDEX

Bonds of Metinvest B.V. (Netherlands), the parent company of the Metinvest mining and metals group, due in 2027, is included in in the JPMorgan Corporate Emerging Markets Bond Index (CEMBI) series.
According to the company’s press release issued on Wednesday, the CEMBI indices provide a global benchmark tracking U.S.-dollar-denominated debt issued by emerging market corporations.
At the same time, the eurobond due in 2027 was issued on October 1, 2020 following the successful completion of a liability management exercise to extend the maturity of the group’s outstanding eurobonds. It met the criteria to be included in the CEMBI Broad and CEMBI Broad Diversified high-yield indices after a regular review on October 30, 2020. As a result, Metinvest’s U.S.-dollar-denominated eurobonds are all included in these two indices for the high-yield segment.
In addition, the eurobond due in 2029, which was issued on 17 October 2019, has effectively replaced the eurobond due in 2023 in the CEMBI and CEMBI Diversified high-yield indices after the size of the latter decreased to below $500 million.

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SPF PUTS 3 MORE DISTILLERIES OF UKRSPYRT UP FOR AUCTIONS

The State Property Fund of Ukraine (SPF) on November 4, 2020 announced the holding of auctions for the privatization of Dovzhok (Khmelnytsky region), Zaliztsi (Ternopil region) and Martynivka (Vinnytsia region) distilleries of the state-owned enterprise Ukrspyrt.
According to the SPF’s press service, the online auction for the privatization of Zaliztsi distillery will take place on December 2, Dovzhok distillery on December 3, and Martynivka distillery on December 4.
“The privatization of these assets is taking place within the framework of demonopolization of the alcohol industry and in order to create a market for alcohol on a competitive basis. Investing in alcohol assets through privatization is an opportunity for their future owners to obtain a license for the right to produce alcohol, which will become a significant competitive advantage for them in the market,” the fund said.

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UKRAINE SOWS 91% OF FORECASTED WINTER CROPS

As of November 2, Ukrainian agricultural producers sowed the main winter crops on an area of 7.5 million hectares (91% of the forecast of 8.2 million hectares), 371,000 hectares were sown in a week.
According to a report on the website of the Ministry of Economic Development, Trade and Agriculture on Tuesday, the following crops were sown: wheat – 5.65 million hectares (92% of the forecast), barley – 867,000 hectares (92%), rye – 118,800 hectares (89%), rapeseed – 862,600 hectares (85%).
According to the State Statistics Service, the sown area of winter crops for the harvest in 2020 amounted to 8.9 million hectares, which is 0.2% more than the area for the harvest in 2019.
Winter wheat was sown on 6.4 million hectares (0.6% less than in 2019), winter barley – 1 million hectares (+ 3.9%), rye – 135,000 hectares (+ 16.7%) and rapeseed – 1.3 million hectares (+ 0.3%).

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