Business news from Ukraine

Business news from Ukraine

LARGEST PRODUCER OF SUNFLOWER OIL IN UKRAINE INCREASES NET PROFIT TO $170 MLN IN FISCAL YEAR 2021

Agricultural holding Kernel, one of the largest in Ukraine, in the second quarter of fiscal year 2021 (FY, began in July 2020) saw $170.64 million in net profit, a rise of 3.8-fold year-over-year.

According to the company’s report posted on Friday, its revenue in October-December 2020 grew by 28.5%, to $1.327 billion.

The company said that in H1 FY2021 its net profit amounted to $404.02 million, and revenue reached $2.267 billion, a rise of 3.9-fold and 20.4% year-over-year respectively.

Kernel said that EBITDA in Q2 FY2021 increased 2.5-fold, to $269 million, and in H1 FY2021 – 2.6-fold, to $559 million.

The company said in the report that a grain price boom and oilseeds price hikes created an opportunity momentum for trading business.

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TOP 20 COUNTRIES OF UKRAINE’S FOREIGN TRADE PARTNERS IN JAN-NOV OF 2020 (THOUSAND USD)

TOP 20 countries of Ukraine’s foreign trade partners in Jan-Nov of 2020 (thousand USD).

OKSANA MARKAROVA APPOINTED AS UKRAINE’S AMBASSADOR TO U.S.

President of Ukraine Volodymyr Zelensky has signed decree No. 75/2021 on the appointment of Oksana Markarova as Ambassador Extraordinary and Plenipotentiary of Ukraine to the United States of America, the official website of the head of the Ukrainian state reported on Thursday.

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WITH THE NATIONAL FLAVOR: A NEW PLACE IN KYIV FOR THOSE WHO LIKE MEAT AND ORIENTAL CUISINE

The connoisseurs of quality restaurants in the capital cannot pass by the new place. The concept of the Ygli restaurant focuses on meat dishes and hookah art, and the menu of the restaurant can surprise even a sophisticated guest with its variety. In it you will find dishes from Caucasian, Turkish, Lebanese and Uzbek cuisine.
We should also mention the chefs of the Ygli restaurant. The creators of the restaurant believe that the recipes for the most delicious khinkali, khachapuri, Lebanese fatush salad or kebab are known precisely by the representatives of national cuisines, who have absorbed secrets from older generations since childhood. Almost everyone can cook dishes, but putting soul and flavor is a complicated task.
Oriental motives are also seen in the interior of the establishment. The space occupies two floors and includes a main hall, a lounge area with a bar and a stage, a wine room, an open kitchen, a barbecue, a tandoor and a food display case inspired by Asian bazaars. The Ygli restaurant was designed by Loft Buro studio. The work was appreciated at the global level, because the restaurant’s interior was included in the Best Interior 2020 rating of the best projects worldwide!
Dishes are prepared in the open kitchen in the main part of the establishment, while guests can observe all the processes before their dishes are brought to the table, and even participate in them.
The lounge zone is a place where you can smoke a hookah, drink oriental tea or get to a party with a DJ and Ukrainian musicians.
Considering the theme of the institution, oriental motives are observed in the interior and decor elements. The long-awaited dinner can end not only with delicious dishes, but also with the desire to examine every corner of the room. However, you do not need to deny yourself this. Polished metal works well with wood and textiles, and one of the restaurant’s most striking features is the ceramic tile carpet. It starts at the doorstep of the restaurant and features Azerbaijani traditional patterns. If to look around, you can also notice the elements of Asia. The bright combination of textures, materials and decorative elements at the junction of several cultures turned out to be very harmonious.
The color scheme of the establishment is restrained and in cold shades. But due to bright accents and greenery, comfort and national flavor are felt.
As the name implies, the restaurant has a particularly reverent attitude towards meat. It is delivered from ecologically clean regions, and thanks to the professionalism of the chefs during cooking, it acquires new tastes and delicious aromas.
In the Ygli menu you can find a wide variety of meat dishes: assorted, chkmeruli, kebabs and shish kebabs from several types of meat. For those who do not eat meat, there are fish dishes and several types of seafood. Fans of sweets will not be left without a dessert for every taste. The common napoleon cake, cheesecake or juicy baklava? Choose what you like best!
The price policy of the Ygli restaurant is average. The menu includes desserts from UAH 40 and traditional dishes up to UAH 400.
For birthday guests, the restaurant gives a 15% discount, on Thursdays at the bar you can get a 50% discount for signature cocktails, and every Wednesday – a Welcome sparkling drink for girls.
You don’t have to buy tickets to experience new emotions and taste traditional cuisines of other countries, you can come to Velyka Vasylkivska Street and not worry about turbulence. The only thing worth thinking about is which dishes to choose first.

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UKRAINIAN UKROBORONPROM AND INDIA’S ADANI GROUP SIGNS MEMO ON COOPERATION

The State Concern Ukroboronprom and the Indian company Adani Group have signed a memorandum to expand military and technical cooperation.
According to the press service of the state concern, the document was signed on February 23 by Director General of Ukroboronprom Yuriy Husev and President of Adani Defense & Aerospace Ashish Rajvanshi. The memorandum is related to the development, exchange of technologies and the production of various weapon systems and military equipment.
“The memorandum is the first step towards fruitful cooperation, which we agreed on during the Aero India 2021 exhibition. The document will soon be filled with important projects,” Husev said.
According to him, this is about cooperation, in particular, in the aircraft building and radar areas.
The parties also agreed to develop a roadmap for the implementation of future projects.
Adani Group is an Indian diversified business conglomerate with six companies in the fields of energy, logistics, agribusiness, real estate, financial services, defense and aerospace

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STATE TOURISM AGENCY, UKRAVTODOR, INVESTORS IN RESORTS IN CARPATHIANS SIGN MEMORANDUM

The State Agency for Tourism Development of Ukraine, the State Agency of Automobile Roads of Ukraine (Ukravtodor) and representatives of investors in the Borzhava and Slavske resorts have signed a memorandum of cooperation in the development of the infrastructure of the Carpathians.
The memorandum, in particular, was signed by Head of the State Agency for Tourism Development Maryana Oleskiv, First Vice President of OKKO Group Vasyl Danyliak, co-owner of the Bukovel tourist complex Oleksandr Shevchenko, legal consultant of Borzhava Asset company Yuriy Chizhmar during the Ukraine 30. Infrastructure forum.
“Cooperation with the state is very important for us, since the infrastructure around the resort is very expensive, and it is practically impossible to implement it without state support. This concerns, first of all, roads, sewerage and water supply and, of course, electricity,” Danyliak said.
“We, as an investor in Bukovel, are ready to build almost the entire infrastructure for the Olympics-2030, together with partners to build facilities that will complement each other so that the Carpathians become a diverse and attractive region for tourists from all over the world,” Shevchenko added.
Chizhmar expressed hope that, according to environmental standards, the development of infrastructure in the region will increase its investment attractiveness.

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