Business news from Ukraine

Business news from Ukraine

THE HORSEBACK ARCHERS TOURNAMENT WILL TAKE PLACE NEAR KYIV

On September, 5 and 6 a sight worth princes will take place in the «Kyivan Rus Park» – The Horseback Archers Tournament. A rich show-program with the horse-trick performances, museums, master-classes, walks on a horseback, games with the guests – these and even more will make the weekend really thrilling for everyone!
The entry ticket price:
– for adults (full price) – 200 UAH.,
– for pensioners and students – 150 UAH.,
– for schoolchildren – 80 UAH.,
– for preschool children – for free,
Ancient Kyiv opens at 10:00. The program starts at 13:30.
Ancient Kyiv in the «Kyivan Rus Park» is located in Kyiv region, Obukhiv district, the vill. Kopachiv.
Details on the website www.parkkyivrus.com
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

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AGROMINO RECEIVES EUR 800,000 NET PROFIT

The Danish agricultural company Agromino with assets in Ukraine, the Russian Federation and Estonia in January-June 2020 received EUR 760,000 in net profit against EUR 5.25 million in net profit for the same period in 2019.
According to the company’s report on its website, total income, adjusted for the fair value of assets and reserves, for the first half of this year increased by 23.2%, to EUR 35.47 million, of which EUR 33.57 million was provided by the Ukrainian agricultural segment.
Agromino’s EBITDA for the six months of 2020 was positive and increased by 10.2%, to EUR9.7 million.
“The results for the first half of 2020 include a foreign exchange loss of EUR2.1 million. In the first half of 2019, foreign exchange gains of EUR 600,000 were received,” the report says.
In the second quarter of 2020, Agromino reduced its net profit by 12.6% compared to the same period in 2019, to EUR 7.38 million, revenue increased by 12.9%, to EUR 23.46 million.
In 2019, Agromino received EUR 2.66 million in net profit against EUR 9.55 million in net loss in 2018. Its revenue for 2019 increased by 40.9% and amounted to EUR 35.62 million.
Agromino (formerly Trigon Agri) was established in 2006. It specializes in grain and dairy production, agricultural trade.

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GREEN CARD PREMIUMS IN UKRAINE DOWN BY 35.5%

The amount of accrued insurance premiums under Green Card international insurance agreements concluded by the member companies of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) in January-July 2020 decreased by 35.48% compared to the same period of 2019, to UAH 669.9 million.
According to a report on the MTIBU’s website, the number of Green Card agreements concluded during this period decreased by 43.66%, to 348,800.
At the same time, the amount of compensations paid on claims increased by 31.13%, to EUR 11.1 million, while the number of claims paid by 18.87%, to 3,622.
The MTIBU is the only association of insurers that provides compulsory insurance of land vehicle owners’ civil liability for damage caused to third parties.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 01/09/20

National bank of Ukraine’s official rates as of 01/09/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF SEPTEMBER 01

Official rates of banking metals from national bank as of September 01

One troy ounce=31.10 grams

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UKRAINIAN LOCOMOTIVE BUILDING COMPANY SEEKS TO OCCUPY UP TO 10% OF FREIGHT RAIL TRAFFIC IN FIVE YEARS

Ukrainian Locomotive Building Company LLC plans to occupy up to 10% of freight rail traffic in Ukraine over the next five years, Technical Director of the company Volodymyr Krot said in an interview with the Center for Transport Strategies.
“I think that the nearest ambitions of our company, which can be set for ourselves, are up to 10% of the freight rail transportation market in Ukraine in the horizon of five years and more. Further, it is quite possible that this percentage can be increased. Or it will be possible to speak on other types of transportation, for example, passenger and suburban,” he said.
According to Krot, the company also plans to purchase a large number of electric locomotives, since the issue of renting non-working cars from Ukrzaliznytsia has not been resolved.
If the issue of admission to the electric locomotive tracks is resolved positively, at the first stage the company plans to increase the fleet to 50 electric locomotives. The company also plans to purchase a certain number of diesel locomotives – not only mainline, but also shunting ones.
The technical director of Ukrainian Locomotive Building Company also said that the company plans to carry cargo from the grain group, raw materials for the production of cement and the cement itself on the nine routes determined by the tender commission as part of a pilot project to launch private traction.

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