Business news from Ukraine

Business news from Ukraine

FRANCE TO BUILD 20 PATROL BOATS FOR UKRAINE

Ukraine and France have signed an intergovernmental agreement on the manufacture and technical maintenance of a batch of patrol boats, Ukrainian Interior Minister Arsen Avakov said.
“On behalf of the Ukrainian government the agreement was signed with French Interior Minister Christophe Castaner (EUR 136.5 million) on the production and technical maintenance of 20 patrol boats. Five of them and all RIB-boats [rigid inflatable boats] will be built in Ukraine. We thanked France for the support in building up the maritime security and protection system,” Avakov wrote on Twitter.
France’s OCEA will manufacture the 32-meter-long patrol boats.
“Every fourth boat will be produced in Ukraine. We will thus protect the basins of our seas and owing to the production localization in Ukraine – provisionally, this will be one of the Mykolaiv-based plants – we will be able to restart the manufacture of boats with aluminum hulls. We hope that following this deal we will produce boats at the Mykolaiv plant on a permanent basis,” the press center of the Ukrainian State Border Service quoted the minister as saying.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 26/11/19

National bank of Ukraine’s official rates as of 26/11/19

Source: National Bank of Ukraine

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

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

One troy ounce=31.10 grams

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ATB-MARKET OPENS FIRST STORE IN CHERNIVTSI

ATB-Market LLC (Dnipro), owning the discount shop chain in Ukraine and part of the ATB Corporation, on November 15, 2019 opened its first store in Chernivtsi region, the press service of the company reported on Monday.
The new ATB store in the updated concept started operating at 219-E, Ruska Street in Chernivtsi. This is the 21st retail outlet that the company has opened in the Western region since the beginning of 2019. In general, the outlet became the 1043rd facility of the ATB network. Thus, on November 18, the company is present in 265 settlements and 24 regions of Ukraine.
“The priority for the development of the ATB group of companies this year remains to increase the presence of the company in the western and southern regions of Ukraine, as well as the continuation of work on updating retail facilities,” Director General of ATB Corporation Borys Markov said in a statement.
As reported, ATB-Market LLC in January-September 2019 increased goods turnover to UAH 86.3 billion, which is 17.2% of total goods turnover of Ukrainian retail enterprises.
In January-September, the average receipt for ATB stores increased by 14.9% or UAH 13.46 compared to the same period in 2018 and amounted to UAH 103.90. At the same time, an increase in the share of goods in the middle price segment is seen in the total turnover.
As reported, according to the results of 2018, the turnover of the ATB chain amounted to UAH 103.9 billion.
The retail chain of ATB-Market was founded in 1993.

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UKRAINE BUYS NUCLEAR FUEL FOR $259 MLN – STATISTICS

Ukraine in January-September 2019 acquired nuclear fuel for a total amount of $259.132 million.
According to the State Statistics Service, in the nine months, Russian-made fuel for $158.496 million was purchased for Ukrainian nuclear power plants, while fuel worth $100.636 million was bought from Sweden.
Thus, the share of Ukrainian purchases of nuclear fuel for the indicated period from TVEL (Russia) in monetary terms amounted to 61.2%, from Westinghouse (Sweden) some 38.8%.

BRITISH OIL AND GAS COMPANY WITH ASSETS IN UKRAINE TO BUY ONE MORE COMPANY FOR $40 MLN

Regal Petroleum plc, a British oil and gas company with assets in Ukraine, has previously agreed on the purchase of PrJSC Ukrnaftinvest scientific and production concern, which holds licenses for the development of Biloliska and Alibeisko-Trapivska oil and gas fields.
According to a statement on the London Stock Exchange’s website, the parties signed the memorandum on the purchase of Ukrnaftinvest, 50% in which is owned by each of Lidia Chernysh and Bolaso Investments Limited of Leonid Kozachenko, which foresees a deal worth up to $40 million.
As reported, in 2018 Regal increased its net profit by 23.6 times compared to 2017, to $54.3 million. The net profit indicator included, among other things, the restoration of the value of assets (in the amount of $36.1 million due to revaluation of the remaining reserves on MEX-GOL and SV deposits), impaired in the previous periods.
The majority shareholder of Regal, which owns 82.65%, is Pelidona Services Limited (Cyprus) from Smart-Holding Group of Vadim Novinsky. Another 6.95% stake is held by Pope Asset Management.

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