Business news from Ukraine

Business news from Ukraine

46% OF UKRAINIANS SUPPORT EU INTEGRATION

Some 46.1% of Ukrainians believe that the country should strive to join the European Union, 13.1% in the Eurasian Economic Union, while 28.3% do not want Ukraine to join any economic alliances.
Those are the results of a survey conducted by the Kyiv International Institute of Sociology (KIIS) from April 26 to April 30 and presented at the Interfax-Ukraine agency.
Survey results show 41.9% of Ukrainians believe that Ukraine should strive to be a NATO member, 34.7% – a neutral state and 12% – a member of the Collective Security Treaty Organization.
If offered U.S. or EU citizenship, 27.1% said they would leave the country to live there, while 65.1% would remain in Ukraine. Only 6.3% said they would leave for Russia. Some 86.3% said they would refuse to relocate to Russia. Offered a “bonus” of $100,000, 11.2% of respondents said they would move there.
The KIIS survey was conducted from April 26 to April 30, 2020 using the CATI method (computer-assisted telephone interviews) based on a random selection of mobile phone numbers. Some 1,500 interviews were included in the survey.
The sample is representative of the adult population of Ukraine (aged 18 years and older). It does not include Russia-occupied areas in Donbas and Crimea. The statistical error of the sample (with a probability of 0.95 and without taking into account the design effect) does not exceed 2.6% for indicators close to 50%, 2.2% for indicators close to 25%, 1.7% for indicators close to 10% and 1.1% – for indicators close to 5%.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 05/06/20

National bank of Ukraine’s official rates as of 05/06/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JUNE 5

Official rates of banking metals from national bank as of June 5

Official rates of banking metals from national bank as of june 5

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EBITDA OF STATE-RUN NAFTOGAZ FROM TRANSIT COMES TO UAH 372 MLN IN Q1

Naftogaz Ukrainy, following the results of its activities from providing natural gas transit services in January-March 2020, received a positive EBITDA (profit before interest, taxes and depreciation) of UAH 372 million, according to consolidated unaudited statements published on the company’s website.
At the same time, the net income of the company from transit services in January-March 2020 amounted to UAH 10.382 billion.
In turn, according to the report of Gas Transmission System Operator of Ukraine LLC (GTSOU) for the first quarter of 2020, its net income amounted to UAH 14.715 billion (includes not only transit revenues, but also those from provision of internal transportation services).
As reported, the transit contract concluded in 2009 between Naftogaz Ukrainy and Gazprom expired on the morning of January 1, 2020. A new agreement between the companies on the organization of transportation, a transport agreement between Naftogaz and GTSOU, as well as an inter-operator agreement between GTSOU and Gazprom were signed on December 30, 2019.

DANISH PIG BREEDING COMPANY GOODVALLEY WITH ASSETS IN UKRAINE REACHES DKK66 MLN NET PROFIT IN Q1

The Danish pig breeding company Goodvalley with assets in Ukraine, Poland and the Russian Federation (formerly Danosha) in January-March 2020 received DKK66 million of net profit against DKK2 million of net loss for the same period last year.
According to the report on the company’s website, Goodvalley’s revenue for the reporting period increased by 24%, to DKK399 million, gross profit tripled to DKK203 million.
The company’s EBITDA in the first quarter of 2020 increased by 4.2 times, to DKK176 million, adjusted EBITDA by 3.5 times, to DKK131 million. EBITDA margin amounted to 44.2% (in January-March 2019 some 13%).
Poland provided 64% of the total revenue, Ukraine 27%, Russia some 9%.
Goodvalley in Ukraine increased revenue to DKK108 million, as well as adjusted EBITDA to DKK45 million amid rising volumes and rising prices, as well as a record high efficiency of production this quarter. Goodvalley increased sales of pigs in live weight by 28.4%, to 10,400 tonnes. The average selling price increased by 23.5%, to DKK12.76/kg.
Goodvalley is engaged in pig farming in Ukraine, Poland and Russia. The group is also engaged in crop production, production of animal feed, biogas and electricity. It consists of 34 farms, nine biogas plants in Poland, Ukraine and Russia. Goodvalley has a land bank of 38,300 ha.

UKRAINE INTERNATIONAL AIRLINES RESUMES REGULAR FLIGHTS KYIV-ODESA

Ukraine International Airlines (UIA) resumes regular flights between Kyiv and Odesa on June 5.According to the company’s press service, flights from Kyiv will be carried out on June 5 and 6, and in the opposite direction on June 8 and June 9.
According to the data in the UIA reservation system, the cost of one ticket with baggage is from UAH 1,500.
The airline asks passengers to adhere to the quarantine rules, to carry personal protective equipment, masks, and also to remember the need to maintain a social distance at the airport.
As reported, the Cabinet of Ministers of Ukraine decided to launch domestic flights from June 5, and international flights from June 15.

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