Business news from Ukraine

Business news from Ukraine

EUROPEAN TRADE UNION CONFEDERATION PLANS TO SEND MONITORING MISSION TO UKRAINE

The European Trade Union Confederation is concerned about a lack of social dialogue in Ukraine and will send its monitoring mission to the country, Natalia Zemlianska, Chairman of the All-Ukrainian Trade Union of Production Workers and Entrepreneurs of Ukraine Natalia Zemlianska has said. “On December 17, the European Trade Union Confederation issued a statement expressing very strong concern over a lack of social dialogue in Ukraine,” Zemlianska said at a press conference at Interfax-Ukraine.
According to her, precisely because of the absence of such a dialogue, the parliament passed bills that discriminate against individual entrepreneurs, the Cabinet of Ministers is trying to agree on a new Labor Code, and people are forced to go outside in order to be heard.
“The European Trade Union Confederation is committed, firstly, to raise this issue at the level of the European Commission and the European Parliament, and secondly, it will now organize a mission to Ukraine to monitor the situation on the spot,” the expert stated.

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MOVIE THEATER NETWORK PLANETA KINO AIMS TO GENERATE MORE THAN UAH 1 BLN IN 2020

Triumph Media Group LLC (Kyiv) plans to continue increasing the market share of the Planeta Kino movie theater network in 2020, and aims to generate more than UAH 1 billion from the sale of tickets and sales in bars. “Our plans for 2020 do not change dramatically: we will continue to strengthen our market position as a technological and innovative leader, we will continue to develop our brand, open a cinema in Dnipro, and increase the market share and the overall performance of all cinemas in the network. With regard to revenue, we plan to earn more than UAH 1 billion from tickets and sales in bars,” network co-owner Dmytro Derkach told Interfax-Ukraine.
He did not specify what revenue the company expects over 2019, but noted that it increased by 15% compared to 2018.
At the same time, Derkach noted a slight decrease in attendance in the network this year.
“The year ends quite successfully for us: we achieved the targets, we managed to raise the market share, in particular due to the opening of a new cinema in the River Mall trade center in Kyiv … On average, we managed to grow by 15%, we work more effectively than competitors in terms of attendance and revenue rates,” he said.
According to him, Planeta Kino plans in the spring of 2020 to open a new cinema in the Apollo shopping center (Dnipro).
The Planeta Kino network as of December 2019 has eight cinemas in Kyiv, Odesa, Lviv, Kharkiv, and Sumy. In addition to the Apollo shopping center, the company plans to open a new cinema in the Ocean Mall shopping center (Kyiv).

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CABINET OF MINISTERS TRANSFERS OVER 530 STATE ENTERPRISES FOR PRIVATIZATION

The Cabinet of Ministers has transferred 530 state-owned enterprises for privatization, Prime Minister Oleksiy Honcharuk has stated. “The government transferred 530 state enterprises for privatization. In almost four months, more state objects were transferred for privatization than in all 28 years of independence,” Honcharuk wrote on Telegram.
The total book value of the assets agreed for sale exceeded UAH 12 billion.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF DECEMBER 27

Official rates of banking metals from national bank as of december 27

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 27/12/19

National bank of Ukraine’s official rates as of 27/12/19

Source: National Bank of Ukraine

CHERKASY AZOT PRODUCES 1.42 MLN TONNES OF NITROGEN FERTILIZERS

PJSC Azot (Cherkasy), part of Dmytro Firtash’s Group DF, produced 1.42 million tonnes of nitrogen fertilizers in January-November 2019, which is 9.2% more than for the whole of 2018, Group DF’s press service has said.
According to a press release, production of ammonium nitrate for the reporting period amounted to 417,500 tonnes, carbamide some 557,200 tonnes, carbamide-ammonia mixture some 438,100 tonnes. At the same time, production of ammonia was 55,700 tonnes, non-concentrated nitric acid some 507,200 tonnes, and ammonia water some 9,200 tonnes.
“In 2019, we achieved almost 100% loading of our production capacities. The growth in production volumes by the end of the year will be about 10% … For the 11 months of this year, we increased production of carbamide-ammonia mixture by 81% compared to the corresponding period last year (from 240,900 tonnes to 438,100 tonnes). Carbamide production increased by 55%. Nitrate production also increased, but only slightly,” Group DF’s press service said citing Vitaliy Skliarov, the chairman of the company’s board.
Among the main growth factors, the company indicates the antidumping measures of the Interdepartmental Commission on International Trade regarding the supply of fertilizers from the Russian Federation.

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