The Ukrainian government will propose to the Verkhovna Rada that a EUR 100 million 30-year loan provided by Poland at 0.15% per annum is unlocked. The respective bill was approved at the government meeting on Wednesday. “The loan agreement between the governments of Ukraine and the Republic of Poland entered into force in April 2016. However, due to difficulties with the performance of contracts by Polish enterprises, where Ukravtodor, road services in Lviv and Volyn regions, the State Fiscal Service (the assignee is the State Customs Service) act as customers, in particular with the import and purchase of necessary goods on the territory of Ukraine, the loan takedown amounted to only EUR 5.8 million,” the Finance Ministry said on its website.
The proposed changes clarify the list of operations, goods exempted from taxation, and the settlement of customs payments in Ukraine as part of the implementation of the relevant agreement between the governments of the two countries.
“Under the agreement, Ukravtodor will receive EUR 68 million (for the development of road infrastructure on the approaches to six checkpoints on the Ukrainian-Polish state border), the State Customs Service will get EUR 25 million (for the construction of checkpoints Shehyni, Krakovets, Rava-Ruska), the administration of the State Border Guard Service will receive EUR 7 million (for the reconstruction of seven departments of the border guard service),” the Finance Ministry said.
JSC Galnaftogaz Concern in January-March 2020 reduced its net profit by 7% compared to the same period in 2019, to UAH 318.852 million, according to the company data published in the information system of the National Securities and Stock Market Commission.
The company’s net income for the reporting period amounted to UAH 504.867 million, which is 31.7% less than a year earlier, gross profit increased by 5.2%, to UAH 265.998 million.
Galnaftogaz Concern operates one of the largest fuel fulling station chains in Ukraine. It includes about 440 filling stations, most of them under the OKKO brand. Among the minority shareholders is the European Bank for Reconstruction and Development (EBRD).
According to preliminary data, in 2019 Galnaftogaz increased its net profit by 76% compared to 2018, to UAH 945.192 million.
The net profit of Ukreximbank (Kyiv) in 2019 amounted to UAH 63.62 million, which is 13.4 times less than in 2018 (UAH 852.30 million), according to the bank’s report on the website.
According to the report, in the fourth quarter of 2019, the net loss of Ukreximbank amounted to UAH 2.21 billion, while in 2018 the bank declared a profit of UAH 146.06 million for this period.
One of the reasons for the decrease in profit in 2019 was a decrease in the bank’s interest income by 7%, to UAH 1.77 billion, which is associated with a decrease in the loan portfolio by 3%, to UAH 7.24 billion and the securities portfolio by 14%, to UAH 3.57 billion.
In terms of non-interest income, there was an increase in net commission income by 4%, to UAH 652.24 million. This partially offset the decrease in other incomes by almost 2 times, to UAH 105.09 million, due to a lack of one-time and irregular receipts.
In addition, the loss in the fourth quarter of last year and the decrease in profit in general for 2019 are explained by an increase in expected credit losses to UAH 3.039 billion from UAH 1.14 billion for three quarters, while in 2018 the bank, on the contrary, received an additional UAH 1.64 billion.
The bank’s assets in 2019 decreased by 13.2%, to UAH 140.34 billion, in particular loans to customers by 26.5%, to UAH 53.28 billion.
The bank’s liabilities decreased by 14.2%, to UAH 131.43 billion, in particular, debt to customers by 6.1%, to UAH 77.13 billion.
Ukreximbank’s net worth for 2019 rose by 5.5%, to UAH 8.90 billion.
The charter capital of the bank remained at the level of UAH 38.73 billion.
The cost of agricultural production in Ukraine in January-March 2020 decreased by 7.3% compared to the same period in 2019. According to the State Statistics Service, the cost of crop production in the first quarter decreased by 8.3%, livestock products by 6.6%, material and technical resources of industrial origin used in agriculture by 9.8%.
At the same time, according to the service, the cost of agricultural production in March increased by 0.6% compared to the previous month. Thus, the cost of crop production rose by 0.1%, livestock products by 0.2%, but at the same time, the cost of material and technical resources decreased by 1.3%.
As reported, the cost of agricultural production in Ukraine in 2019 decreased by 0.64% compared to 2018.
PJSC Farmak, a Ukrainian pharmaceutical manufacturer, in 2019 received a net profit of about UAH 1.056 billion, which almost coincides with the indicator of 2018 (UAH 1.05 billion), the company said in the information disclosure system of the National Securities and Stock Market Commission.
Earlier it was reported that the company’s assets for the year increased by 12.3%, to UAH 6.657 billion.
The company plans to pay UAH 100 million in dividends.
In 2018, Farmak increased its net profit by 25.16% compared to 2017, to UAH 1.05 billion.
Farmak is a manufacturer of medicines of the European level, a leader in the pharmaceutical market of Ukraine in terms of sales. It exports products to 20 countries. It is a member of the Manufacturers of Medications of Ukraine association.
According to the state register, the ultimate beneficial owner of PJSC Farmak is the head of the supervisory board, Filia Zhebrovska, who owns 80% of the company.
The Kyivstar mobile communications operator has connected another 496 Ukrainian settlements to the 4G communications network, increasing 4G coverage in 11 regions of Ukraine, the company said on Thursday. The operator, in particular, connected the villages of Chernelivka, Novoselytsia, Narkevychi in Khmelnytsky region; the villages of Borshevychi, Dobrostany, Bukova in Lviv region; Torchyn, Liubeshiv, Velymche in Volyn region; the villages of Viytivka, Sokolivka, Tereshky in Vinnytsia region and other settlements.
At present, the 4G Kyivstar network covers over 11,000 settlements, in which almost 79% of the population of Ukraine lives.
According to the company, since the launch of the 4G communications in April 2018, more than 10 million subscribers have already used the 4G services. Over the period, the volume of data traffic in the Kyivstar mobile network grew from 325 to 649 petabytes (PB).
As reported, Kyivstar in 2019 increased revenue by 19.6%, to UAH 22.392 billion, EBITDA by 39.4%, to UAH 14.683 billion. The number of mobile operator subscribers in the fourth quarter of 2019 decreased by 0.6% compared to the same period in 2018, to 26.2 million, while the number of fixed-line subscribers increased by 10.8%, to 1 million.
Kyivstar is the largest Ukrainian telecommunications operator. It provides communications and data transfer services based on a wide range of mobile and fixed technologies, including 3G. By the end of 2018, its services were used by about 26.4 million mobile subscribers and about 900,000 fixed Internet customers.
