Business news from Ukraine

Business news from Ukraine

UKRAINIAN SWIMMER SETS WORLD PARALYMPIC RECORD

Ukrainian swimmer Yelyzaveta Mereshko has set a world record in the qualifying 200 meters swim at the Paralympics in Tokyo, according to the National Paralympic Committee of Ukraine.
“Today, Ukraine is just waking up, and we already have a world record in the morning with Liza Mereshko at the preliminary heats,” a message posted on the committee Facebook page says.
According to the data posted on the website of the Paralympics, Mereshko swam the distance in 2 minutes 56.90 seconds, 0.52 seconds ahead of American Elizabeth Marks.
As reported, the day before, Mereshko won gold at a distance of 50 meters freestyle.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 26/08/21

National bank of Ukraine’s official rates as of 26/08/21

Source: National Bank of Ukraine

INVENTURE TO SELL MEAT PROCESSING PLANT AT AUCTION

The investment company InVenture (Kyiv), acting in the interests of its client, intends to sell the Bavaria meat processing plant (village Fursy, Kyiv region) at an online auction with a starting price of $1.9 million with its estimated market value of $5 million, the company said on its website on Wednesday.
“The enterprise was built and launched in 2018. At the moment, the plant is mothballed. However, all production equipment is in good condition and is completely ready to resume being functional. Enterprise location: 5 km away from Bila Tserkva and 100 km away from Kyiv,” InVenture said.
According to it, the property complex includes: buildings and structures with a total area of 7,000 square meters, a plot of 14 hectares in private ownership, communications (electricity – 800 kW, gas, water, sewerage system with a working sewage pumping station). The sanitary and ecological standards are followed according to the national legislation.
According to the company, the facility was mothballed in 2019 due to a shortage of working capital and non-core activities of this area for its investor, who had previously planned the construction of a pig farm and a feed mill as part of the enterprise.
“At a distance of 1 km from the property complex of the meat processing plant, there is a site that was planned to be developed as a site for the construction of a pig farm with a pigsty for 1,200 sows and an annual keeping of 32,000 pigs. The project also planned the construction of a feed mill with a capacity of 5 tonnes per day and 4 silos for storing grain, 5 tonnes each,” InVenture said.
The enterprise has modern equipment, its capacity allows to produce smoked, semi-smoked, boiled-smoked and boiled sausages; deli meats, smoked meats, hams and baked meat; sausages and wieners; pates, stewed meat and brawn with a total volume of up to 15 tonnes of meat products per day. The slaughterhouse has a capacity of slaughtering and storing of 320 livestock per day.
The investment company clarified that the acceptance of bids from potential buyers will last until October 15, the announcement of the winners – October 24, and the sale of the asset is planned to be fully completed by December 24, 2021. The estimated market value of the meat processing plant is $5 million, and the starting bidding price for accepting applications is $1.9 million.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF AUGUST 26

Official rates of banking metals from national bank as of August 26

One troy ounce=31.10 grams

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ADOPTION OF NEW LAW SIMPLIFYING STATE PROPERTY PRIVATIZATION TO ATTRACT FOREIGN INVESTORS

The adoption of a law simplifying the procedure for privatization and lease of state property will be a signal for investors, including international ones, Deputy Head of the Parliamentary Committee on Economic Development Roksolana Pidlasa (Servant of the People faction) said.
“This bill [No. 4572] will become a green light for investors, including international ones. And it will also contribute to the development of regions, because after its adoption, the budgets of communities will receive funds not only from the privatization of municipal enterprises, but also 10% of the funds received from the sale of state assets,” Pidlasa told Interfax-Ukraine.
She recalled that the Verkhovna Rada has already adopted the bill at the first reading and currently the Committee on Economic Development is preparing it for the second reading.
The MP stressed that “it is privatization that gives people the opportunity not to go strawberry-picking in Poland, but to have a decent job in Ukraine, in their community.” “Hundreds of enterprises and production sites that have been abandoned and forgotten for decades and would hardly ever resume work are bought by private investors and they turn them into modern enterprises where Ukrainians are working now,” Pidlasa said.
The MP recalled that over the past year and a half, the State Property Fund returned ten key assets under state control, including the United Mining and Chemical Company, PJSC Centrenergo and JSC Odesa Port-Side Plant.
As reported, the Verkhovna Rada on July 15 adopted at the first reading bill No. 4572 on amendments to the law on the State Property Fund of Ukraine and other legislative acts promoting investment attraction in the process of privatization and lease of state and municipal property.

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CAPITAL INVESTMENT IN UKRAINE INCREASES BY 17.1% IN Q2

The growth of capital investments in Ukraine in April-June 2021 compared to the same period in 2020 amounted to 17.1%, while in January-March there was a decline in capital investments at the level of 9.5%, the State Statistics Service said.
According to the service, in the second quarter of this year, UAH 191.133 billion of capital investments were spent (excluding the temporarily occupied territory of Crimea, Sevastopol and the territories of Luhansk and Donetsk regions).
The growth of capital investments in the first half of the year compared to the same period in 2020 amounted to 4.2%, the State Statistics Service said.
In the regional context, a significant decrease in capital investments in the second quarter of 2021 compared to the same period in 2020 was recorded in Volyn (by 64.1%), Kirovohrad (by 17.1%), Mykolaiv (by 13.3%) regions.
Capital investments in April-June 2021 compared to April-June 2020 increased in Luhansk (by 9.08%), Zhytomyr (by 85.3%), Zaporizhia (by 66.7%), Ivano-Frankivsk (by 60.4%), Kherson (56.4%), Chernivtsi (57.1%), Lviv (47.9%), Sumy (41.7%), Vinnytsia (36.1%), Rivne (by 37.5%), Donetsk (by 34.3%), Kyiv (by 27.1%), Dnipropetrovsk (by 26.2%), Chernihiv (by 22.3%), Cherkasy and Ternopil (by 22.2%), Khmelnytsky (by 15.7%), Zakarpattia (by 13.3%), Odesa (by 13%), Kharkiv (by 12.7%), Poltava (by 10.8%) regions and in Kyiv city (by 10.2%).
Among industries, the growth of capital investments in the second quarter of this year was recorded in the field of forestry – 4.4 times, the provision of other types of services – 3.9 times, in postal and courier activities – 3.6 times, healthcare and social assistance – 2.5 times, at transport enterprises, in warehouses, postal and courier activities – by 60.8%, in temporary accommodation and catering – by 27.7%, in real estate transactions – by 25.9%, in wholesale and retail trade – by 25.3%, in activities in the field of administrative and support services – by 16.3%, computer programming and the provision of other information services – by 14.8%, in industry – by 14.1%, agriculture – by 13.1%, construction – by 7.6%, scientific achievements and developments – by 5%, public administration and defense – by 3.8%, advertising – by 1.2%.
In the field of fish farming, the decline in capital investments was 43.3%, in financial and insurance activities – by 37.7%, in education – by 29%, in professional, scientific and technical activities – by 5.5%, in the field of information and telecommunications – by 4.3%.
Own funds of enterprises and organizations remained the main source of financing for capital investments, at the expense of which 75.2% of the total volume of all investments has been used.
A significant share of capital investments was invested in buildings and structures – 45.5%, and in machinery, equipment and vehicles – 44.9% of all investments.
As reported, capital investment in Ukraine in 2020 fell by 38.2%, while in 2018-2019 they grew by 16.4% and 15.5%, respectively.