The State Property Fund of Ukraine (SPF) put 10 distilleries up for an online auction on the Prozorro.Sale platform in November.
According to the post of Head of the State Property Fund Dmytro Sennychenko on Facebook on Monday, the initial sale prices for lots are from UAH 8 million to UAH 54 million.
“In October, in just half a month, we have got an excellent takeoff. Six objects of the state-owned enterprise Ukrspyrt have already found new owners at privatization auctions and brought more than UAH 268 million to the state budget. The price that is formed by the market and which sometimes swells two or three times, this is the main characteristic that now unites alcohol privatization,” he wrote.
As reported, President of Ukraine Volodymyr Zelensky on December 11, 2019 signed a law on abolishing the state monopoly on alcohol production from July 1, 2020, adopted by the Verkhovna Rada on December 3, 2019.
The debut auction for the privatization of the first object of the state-owned enterprise Ukrspyrt Nemyriv distillery (Vinnytsia region) was held on October 15. The plant was sold to LVN Limited LLC, shareholders of Nemiroff, for UAH 55.08 million, which is UAH 5 million higher than the starting price. The winning company was the only one to apply to participate in the auction.
On the whole, starting from October 15, six Ukrspyrt’s plants have been successfully privatized at online auctions. Two auctions did not take place. As for distilleries, they will be put up for re-bidding with a reduction in the starting price.
The SPF expects to attract about UAH 2 billion from the privatization of distilleries of the state-owned enterprise Ukrspyrt and the concern Ukrspyrt.
The net profit of OTP Bank (Kyiv) amounted to UAH 1.51 million in January-September 2020, which is 21.9% less than in the same period in 2019 (UAH 1.94 billion).
According to the financial reports posted on the bank’s website, its net profit increased by 28.6% to UAH 924.34 million for the third quarter of 2020, compared to the corresponding indicator a year earlier.
The net interest income of OTP Bank decreased by 1.5% (to UAH 2.63 billion) in nine months, while net commission income by 10.2% (to UAH 863.6 million).
The bank’s assets increased by 24% to UAH 55.51 billion in January-September, including funds kept in banks by 68.8% (to UAH 13.82 billion), and loans issued to customers by UAH 147 million (up to UAH 25.46 billion).
The bank’s liabilities for the corresponding period increased by 18.4% to UAH 46.19 billion, in particular, customer accounts by 26.1% to UAH 44.75 billion.
According to the financial reports, OTP Bank’s equity capital increased by 19.8% to UAH 9.32 billion in nine months, and the charter capital remained at the level of UAH 6.186 billion.
OTP Bank is the flagship unit of the OTP banking group, registered by the NBU, which also includes AMC OTP Capital LLC and OTP Leasing LLC.
According to the National Bank of Ukraine, as of September 1, 2020, OTP Bank was ranked 10th among 75 banks operating in the country in terms of total assets
At the end of the fourth five-year period, the United States International Trade Commission (USITC) will revise anti-dumping restrictions on the supply of Certain Cut-to-length Carbon Steel Plate to the American market from Ukraine, Russia and China.
According to the USITC report in the Federal Register bulletin, the start of the review is set for November 2, the deadline for responses from participants in the review procedure is December 2, 2020.
During the revision procedure, USITC will determine the possibility of abolishing anti-dumping duties on these products from China, as well as ending the suspension of the investigation on this type of rental from the Russian Federation and Ukraine – to what extent this may lead to the continuation or renewal of damage to local manufacturers of these products in the United States.
JSC Ukrposhta, in partnership with Antonov Airlines and Windrose Airlines, sent the first An-124 Ruslan aircraft to New York with 125,000 parcels of Ukrainian small and medium-sized businesses (UAH 140 million in monetary terms).
In the coming months the company, in partnership with Windrose Airlines, will weekly send aircraft of various configurations in accordance with the needs of Ukrainian exporters. The program should ensure uninterrupted delivery of export shipments to the United States during closed borders and canceled flights, the press service of Ukrposhta reported on Monday morning.
“The new charter program with regular flights will allow us to ensure reliable delivery of 75-80% of export shipments to the United States. And together with passenger airlines, we provide 100%. For now, I can state that we are fully prepared for the high season, so this year I especially want to please our clients with timely New Year gifts delivered,” the press service of Ukrposhta quoted its director general Ihor Smelyansky as saying.
The pandemic has accelerated the digitalization of business processes for 39% of respondents out of 74 surveyed managers of companies in various sectors of the economy, 42% intend to reduce office space, according to a report “Business leaders’ view in Ukraine 2020: Special issue of COVID-19” by KPMG company in Ukraine. “Leaders understand that increased digitalization is one of the main drivers of organizational development. Companies have to reсonsider what customers want and how they can achieve it,” the report said on Friday.
However, capital shortages and a lack of consensus on key technology trends are the biggest challenges in accelerating digital transformation, the report said.
At the same time, the most successful were converting operations into a “figure” (39% of respondents) and the creation of new digital business models and income streams (36%), according to the survey, which was conducted from July 15 to August 31 of this year.
At the same time, 30% indicated that progress in digitalization not only accelerated, but put the company forward for years to come.
When asked about the barriers to digital transformation, 22% indicated a lack of capital to accelerate progress (7% globally).
According to world leaders, the biggest challenge is to focus efforts and investments in areas that will be promising in the future, while avoiding areas that may be only a short-term response to the pandemic.
As a result, 33% of global CEOs identified the biggest challenge in accelerating digital transformation as “a lack of understanding of future operational processes.” Companies need to understand if COVID-19-related changes (such as consumer behavior) are indicative of an ongoing trend, or just a temporary effect of the pandemic.
In Ukraine, “a lack of understanding of future operational processes” was recognized as the main challenge by 14% of managers , the authors of the report said.
Regulatory pressures were cited by many respondents as the top threat to businesses in 2020, while executives prioritized staff shortages last year.
“This risk continues to be on their radar, but has shifted to fourth position,” added the authors of the reports.
At the same time, according to the survey, 73% of respondents in the world and 39% in Ukraine are convinced that remote work has expanded their access to the pre-personnel reserve.
President of Ukraine Volodymyr Zelensky congratulated Ukrainian boxer Oleksandr Usyk on his victory over Briton Derek Chisora.
“Oleksandr, this was a stunning victory! Ukraine is proud!” He wrote on his Twitter on Sunday, November, 1.
On the night of October 31 to November 1 in London, Usyk, according to the decision of the judges, became the WBO Intercontinental heavyweight champion.
BOXER, OLEKSANDR USYK, PRESIDENT ZELENSKY, VOLODYMYR ZELENSKY
