Business news from Ukraine

Business news from Ukraine

AB INBEV EFES GETS LOSSES IN UKRAINE

PrJSC AB InBev Efes Ukraine (Kyiv), one of the largest brewing companies in Ukraine, received UAH 493.04 million in net loss in 2020 compared to UAH 63.57 million in net profit in 2019.
According to the company’s statement in the information disclosure system of the National Securities and Stock Market Commission on the annual meeting of shareholders on March 31, its assets grew by 16% over the year, to UAH 5.24 billion.
Retained earnings of the company in 2020 amounted to UAH 382.4 million versus UAH 103.66 million in 2019.
The shareholders of the company at the meeting intend to channel the reserve capital in the amount of UAH 31.45 million to cover the loss received in 2020, and to repay the rest of the loss at the expense of deferred profit.
In addition, the shareholders plan to open a credit line at the level of UAH 10 billion to conduct business.
According to AB InBev Efes, the number of ordinary registered shares of the company in 2020 did not change and amounted to 9.511 billion.
As reported, one of the leaders of the Ukrainian brewing market AB InBev Efes Ukraine was created in 2018 as a result of the merger of AB InBev and Anadolu Efes on the territory of Ukraine and Russia. AB InBev Efes Ukraine has three breweries in Chernihiv, Kharkiv and Mykolaiv.

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ARX LIFE RAISES PREMIUM COLLECTION IN UKRAINE BY 45%

Insurance company ARX Life (formerly AXA Life Insurance) collected UAH 259.6 million in insurance premiums in 2020, which is 45% more than a year earlier, the insurer said in a press release.
It is noted that, despite the crisis, 2020 was a successful year for ARX and ARX Life, the total amount of collected premiums of which amounted to UAH 2.94 billion, which is 17% higher than the results of 2019. The total profit of ARX and ARX Life amounted to UAH 325 million.
As reported, AXA Group (France) in February 2019 completed the transaction with Fairfax Financial Holdings Limited on the sale of its subsidiaries in Ukraine – PrJSC Insurance Company AXA Insurance and AXA Life Insurance. On July 1, 2019, AXA Insurance changed its name to ARX Insurance Company. AXA Life Insurance began operating under the ARX Life brand.
AXA Life Insurance was registered in July 2013. The volume of premiums collected in 2018 amounted to UAH 93 million, which is 57% higher than in 2017.

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SAYING GOODBYE TO WINTER WILL TAKE PLACE NEAR KYIV

On February, 27 and 28 Ancient Kyiv in the «Kyivan Rus Park» invites to say goodbye to winter in a big way and with unrestrained joy. Medieval amusements, ancient Slavic rites, games, round dances will be waiting for the guests. And also the acquaintance with horses of rare ancient breeds, master-classes on horse care and training, horse riding, tasty dishes prepared on fire, extreme rides … And all of these in a real, live, medieval city!
Details on the website www.parkkyivrus.com
Ancient Kyiv opens at 10:00. The program starts at 13:30.
The ticket price: a full adult ticket – 200 UAH, for pensioners and students – 150 UAH, for schoolchildren – 80 UAH, for preschool children – for free.
Ancient Kyiv in the «Kyivan Rus Park» is located in Kyiv region, Obukhiv district, the vill. Kopachiv.
Details on the website www.parkkyivrus.com
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

INVESTMENTS IN INFRASTRUCTURE OF BUKOVEL SKI RESORT REACH $ 400 MLN

Investments in the infrastructure of the Bukovel ski resort in 2020 amounted to $ 15 million, and in general, since 2002, some $ 400 million has been invested in it, Bukovel co-owner Oleksandr Shevchenko has told Interfax-Ukraine.
“We managed to keep the attendance at the level of last year, despite the COVID crisis, primarily due to the wide and flexible offer,” Shevchenko said at the Ukraine.30 forum.
According to him, the average cost per tourist also did not change – about EUR150 per day, however, one can find a place for accommodation from UAH 50 per day, many people bought ski passes in advance: in summer they were on a special offer with a 50% discount.
Shevchenko says that thanks to Bukovel, more than 50,000 places of accommodation have been created, and more than 100,000 local residents are employed in the tourism industry.
He also announced readiness to join the reconstruction of the airport in Ivano-Frankivsk, which would improve the quality of the resort.
“We are ready to engage in the reconstruction with the forces available to us, invest our own funds in the terminal. Considering the state monopoly on the runway, we are ready to offer our participation in its restoration,” the Bukovel co-owner told the agency.
According to him, the renovation and completion of the runway would provide Ivano-Frankivsk with international air gates and increase the attractiveness of the region for foreign tourists.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 25/02/21

National bank of Ukraine’s official rates as of 25/02/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF FEBRUARY 25

Official rates of banking metals from national bank as of February 25

One troy ounce=31.10 grams

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