Business news from Ukraine

Business news from Ukraine

FUEL STATIONS AFTER MEETING WITH UKRAINIAN PRESIDENT CUTS FUEL PRICES

Fuel filling stations operated by Privat Group on December 24, after a meeting held on at the Office of the President of Ukraine on December 23, reduced the price of all fuel grades by UAH 1 per liter, Director of A-95 Consulting Group (Kyiv) Serhiy Kuyun has reported.
OKKO and WOG networks, in turn, reduced the prices by UAH 0.5/liter, AMIC network by UAH 0.7-0.8/liter.
“After yesterday’s meeting with the president, Privat reduced the price of all grades of fuel by UAH 1. Interestingly, is it for love or for convenience?) UPD OKKO, WOG reduced it by 50 kopecks, AMIC by 70-80 kopecks,” Kuyun wrote on Facebook page.
As reported, on December 23 President of Ukraine Volodymyr Zelensky held a meeting with representatives of companies participating in the fuel market, oil and gas production sectors and fuel filling station networks and discussed the issue of reducing fuel prices at Ukrainian fuel stations and withdrawing the market from “the shadow.”

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF DECEMBER 26

Official rates of banking metals from national bank as of December 26

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 26/12/19

National bank of Ukraine’s official rates as of 26/12/19

Source: National Bank of Ukraine

BOLT TAXI SERVICE LAUNCHES PETS ANIMAL TRANSPORTATION SERVICE

Bolt taxi service (formerly Taxify) launches a new service for animal transportation.
According to the press service, to order the service, you need to select the category of trip Pets in the Bolt application.
Bolt notes that during transportation of the animal in order to avoid pollution of the passenger compartment, special means must be used: bedding for the animal, a cage, a pet carrier and wet wipes.
A prerequisite for the transportation of large dogs is the availability of a muzzle and a short leash. Small animals can be transported on hand, but this issue should preferably be agreed with the driver.
“Practice shows that animal transportation is very popular in different countries. Over the years of work in Ukraine, we also had many requests, so we are happy to launch the new Pets service,” Taras Potichny, the regional manager of Bolt in Ukraine, said.
As reported, Bolt is launching an electric scooter rental service in Ukraine, until the spring of 2020 the service will be available in a test mode in the Unit.City innovative park.
For the first time, Taxify was launched in Kyiv in 2016 under a franchising agreement. In June 2018, the company restarted the project in the capital with its own local team, promising to enter other major cities of the country.
In early March 2019, Taxify rebranded, changing its name to Bolt.

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GRAIN TRADER NIBULON INCREASES CROP YIELD BY 9%

Nibulon (Mykolaiv), one of the largest grain traders in Ukraine, in 2019 increased its crop yield by 9% compared to the previous year, to 367,000 tonnes, of which 138,000 tonnes was wheat. According to the company’s website, a total of 22 divisions of the company in 12 regions harvested 160,000 tonnes of early crops and 207,000 tonnes of later crops.
The company said the highest yield of sunflower was recorded at the branches of Prybuzhanivska (Mykolaiv region) with 3.52 tonnes/ha, Mriya (Khmelnytsky region) and Kupianska (Kharkiv region) with 2.91 tonnes/ha, corn at Khmilnyk (Vinnytsia region) with 10.64 tonnes/ha and Romanivska (Zhytomyr region) with 9.7 tonnes/ha, sorghum at Bilovodska (Luhansk region) with 6.43 tonnes/ha. In the group of early grain, the leaders were the branches of Mykolaiv region: wheat with 5.38 tonnes/ha (Vradiyevska) and rapeseeds with 3.02 tonnes/ha (Lidiyevske).
Nibulon LLC was established in 1991. It is one of the largest operators in the grain market of Ukraine.
Nibulon cultivates 82,000 hectares of land in 12 regions of Ukraine. It exports agricultural products to more than 70 countries. The annual export volume exceeds 5 million tonnes.

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FOUNDER OF UFUTURE REFUTES INFORMATION ABOUT INVESTMENT ACTIVITY IN CRIMEA

The founder of UFuture, Vasyl Khmelnytsky, refutes his involvement in managing and investing in Crimean assets after the annexation of the peninsula, the group said in a statement. “We refute information about the alleged involvement of Vasyl Khmelnytsky in managing and investing in Crimean assets after the annexation of the peninsula by Russia … After Russia had annexed the Crimean peninsula in 2014, Vasyl Khmelnytsky did not invest in the development of business and/or infrastructure in the temporarily occupied territory, and did not manage the assets, which partially belonged to him at that time,” the company said.
Commenting on a publication entitled “Simferopol’s developer, IT leader in Kyiv. Ukrainian businessman Vasyl Khmelnytsky and his assets in Crimea” by the Current Time edition and the Municipal Scanner project, UFuture emphasized that the information in the article was untrue.
“We were not ready to simply give our liquid assets to third parties. The negotiation and sale process took a considerable time due to understandable risks. In 2018, we sold all the corporate rights of our European companies, which, in turn, owned corporate rights or provided significant impact on the assets located in the temporarily occupied territory of Ukraine, in Crimea. We did not make any investments that would violate the sanctions regime or the current legislation of Ukraine,” Khmelnytsky said.
The businessman added that the facilities in question are very large in terms of investment, and their sale was associated with significant risks.
“It is not easy to find buyers for such facilities, and the sale process itself took a long time. But the decision to sell the assets was made immediately after the annexation of Crimea,” he said.
UFuture is a holding company of Ukrainian businessman Vasyl Khmelnytsky, which combines his business and social projects. It has a diversified portfolio of assets in real estate, infrastructure, industry, renewable energy, pharmaceuticals, and IT. The value of UFuture’s assets is estimated at $550 million. The total capitalization of the businesses in which it invested exceeds $1 billion.

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