Business news from Ukraine

Business news from Ukraine

UKRAINIAN BANKS’ CASH EXCHANGE RATES ON 13/07/21

Ukrainian banks’ cash exchange rates on 13/07/21

Source: Interfax-Ukraine

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 14/07/21

National bank of Ukraine’s official rates as of 14/07/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JULY 14

Official rates of banking metals from national bank as of july 14

One troy ounce=31.10 grams

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SNACK PRODUCTION ACQUIRES KHERSON FRUIT AND VEGETABLE PLANT

Snack Production (Dnipro) has completed the purchase of Kherson Fruit and Vegetable Plant LLC, the deal was accompanied by the international investment company Millstone & Co with offices in Ukraine and Poland, the investment company reported on its website on Tuesday.
“Kherson Fruit and Vegetable Plant Kherson is one of the largest private fruit and vegetable factories in Ukraine. Its average annual revenue from product sales is about UAH 60 million. The combine has established sales channels: distribution (more than 15 regular partners in all regions of the country); retail chains (for production products under its own trade marks). It also exports products to 20 countries of the world,” director of Millstone & Co in Ukraine Maksym Shynkarenko is quoted as saying.
The parties did not comment on the financial details of the deal.
According to Millstone & Co, the production area of Kherson Fruit and Vegetable Plant Kherson is 9,530 square meters on the territory of 5.2 hectares. The plant can process 300 tonnes of tomatoes per day, its capacity for sterilization and packaging of tomato paste is 3 tonnes per hour, the bottling of tomato juice into glass containers is 3.5 tonnes per hour, the production of juices and puree is 4-5 tonnes per day.
According to the Unified State Register of Legal Entities and Individual Entrepreneurs, after the purchase of Kherson Fruit and Vegetable Plant, its ultimate beneficiary was Larysa Omelchenko, who indirectly owns the asset through Closed Nondiversified Venture Capital Investment Fund Omelia Invest.
According to Snack Production, the group is engaged in the production of snacks under its own brands and their distribution through a network of 42 branches across Ukraine. It delivers products to the wholesale and retail segments of retail and HoReCa under the TM Khutorok, La Pasta perprimi, Zeffir, Morskiye (Marine), Frumi, Zubby, EVO home, SoHo, Glint, and Zeffir baby.
Millstone & Co is a private investment company providing investment services to clients. It has offices in Warsaw, Krakow and Kyiv.

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ARCELORMITTAL REDUCES OUTPUT OF ROLLED PRODUCTS IN UKRAINE IN JAN-JUNE

PJSC ArcelorMittal Kryvyi Rih (Dnipropetrovsk region) in January-June 2021 reduced the output of general rolled products, according to operational data, by 2.1% year-over-year, to 2.3 million tonnes.

A representative of the company told Interfax-Ukraine that steel production during this period increased by 1.4%, to 2.45 million tonnes, cast iron by 10.4%, to 2,790 tonnes. At the same time, sinter production increased by 7.6%, to 4.95 million tonnes.

In June, about 390,000 tonnes of rolled products, some 420,000 tonnes of steel, some 470,000 tonnes of cast iron, some 880,000 tonnes of sinter were produced.

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MINISTER OF INTERNAL AFFAIRS OF UKRAINE AVAKOV RESIGNS

Minister of Internal Affairs of Ukraine Arsen Avakov announced that he had submitted a letter of resignation.
“In accordance with Part 1 of Article 18 of the law of Ukraine on the Cabinet of Ministers of Ukraine, I submitted a letter of resignation from the post of Minister of Internal Affairs. Thanks to the Interior Ministry team for the years of joint work. Thanks to every officer, private and employee. I am honored!” the press service of the Ministry of Internal Affairs said, citing Avakov on Tuesday.
According to a photocopy of the document posted on the ministry’s website, Avakov wrote the letter of resignation on Tuesday, July 13.
As MP Yelyzaveta Yasko (Servant of the People faction) reported on Facebook, the issue of Avakov’s resignation could be considered at the parliament on Wednesday or Thursday.
Avakov headed the Ministry of Internal Affairs of Ukraine since February 27, 2014. For the first time, he was appointed to a post in the government under Arseniy Yatsenyuk (2014-2016). Later Avakov was a member of the governments under Volodymyr Groysman (2016-2019), Oleksiy Honcharuk (2019-2020) and Denys Shmyhal (2020-2021).

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