Business news from Ukraine

Business news from Ukraine

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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PRESIDENT OF UKRAINE: OUR DUTY IS TO MAKE BABYN YAR PLACE OF MEMORY, NOT OBLIVION

Modern generations cannot change history, but they can adequately honor the memory of all the victims, President of Ukraine Volodymyr Zelensky said at the opening of the Ukraine 30. Humanitarian Policy forum in Kyiv on Tuesday, commenting on the development of National Historical Memorial Preserve Babyn Yar.
“Babyn Yar is a terrible symbol of the Holocaust on our Ukrainian land. We cannot get rid of it, but we can win by honoring the memory of all victims, all those who died. The issue of historical justice is very acute. We are responsible to all past and all future generations for the historical justice,” he said.
The president said that during the Second World War, 1.5 million Ukrainian Jews were executed, and about 100,000 people in Babyn Yar.
“We have no right to forget about it and we will not forget. It is extremely important for Ukraine worthy, high-level honoring of all the victims of this tragedy,” he said.
Zelensky said that at the end of 2020 he signed a decree on measures concerning the 80th anniversary of the Babyn Yar tragedy and additional measures for the further development of National Historical Memorial Preserve Babyn Yar. In particular, the construction of the territory of this reserve continues, new facilities have been created, invitations have been sent out and many foreign guests are expected to attend events to commemorate the 80th anniversary of the Babyn Yar tragedy, which will take place in September 2021.
“Our duty is to make Babyn Yar a place of memory, not a place of oblivion. There should not be a shooting gallery or any other complex. We, as a state, strive to make this place worthy of the memory of more than 100,000 victims of the Holocaust. It is very important that these aspirations are shared by our community. I am sure that all Ukrainians share,” he said.

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LEADING MOBILE OPERATOR KYIVSTAR LAUNCHES REMOTE SWITCHING TO CONTRACT WITH DELAYED SIGNING OF CONTRACT

Subscribers of prepaid communications of the mobile operator Kyivstar will be able to switch to the contract form of service remotely by calling the operator’s call center.
According to the press service of the operator, it is enough to give your surname, name and date of birth to the operator of the call center to enter them into the contract, and then select a tariff plan.
Further, within 30 days, subscribers will be able to visit any Kyivstar branded store with a passport and TIN to complete the signing of the contract. All this time, they will be able to use the basic services in their new tariff.
“It became possible to simplify the connection of contract tariffs thanks to the operator’s IT systems upgrades to a modern solution from Ericsson,” the report says.
Kyivstar also notes that the company has more than 520 branded stores throughout Ukraine, where customers can complete the transition to a contract, choose another advantageous tariff plan, resolve service issues or purchase a modern 4G smartphone and other gadgets.
“Contract subscribers can have several numbers on one account, which is beneficial for paying and managing the services of the whole family. And, of course, they have a higher level of protection of the number and SIM card, because only an identified owner can carry out all operations with them. This is especially it is relevant if online banking, profiles on social networks and the like are linked to the number,” the operator emphasizes.

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ODESSA PORT-SIDE PLANT SELECTS SINGAPORE DACHEX SHIPPING AS NEW CUSTOMER

Singapore’s Dachex Shipping Pte. Ltd became the winner of the third stage of the procedure for selecting the customer for the processing of customer-supplied raw materials for JSC Odesa Port-Side Chemical Plant.
According to a statement on the plant’s website, the company offered the best additional conditions for cooperation, namely: the conclusion of a financing agreement (interest-free loan) for up to $20 million for a period of two years.
As reported, on April 19, 2021, Odesa Port-Side Chemical Plant suspended the procedure for selecting a “customer” at the claim of trader United Energy LLC, part of the Privat Group. At the same time, the plant said that it would appeal this court ruling in order to return to making a decision on the winner of the selection procedure or holding the third stage – negotiations.
First Deputy Head of the State Property Fund (SPF) Denys Kudin told Interfax-Ukraine that the other day the court sided with the enterprise.
Before receiving a court verdict on a pause in the competition, the plant held an electronic tender for the tolling processing of raw materials and shipment of products that day, in which ten companies took part.
ccording to the protocol of the exchange, all 10 participants in the auction offered the lowest possible “zero” coefficient of limit, which is part of the formula for calculating the “additional remuneration.” Accordingly, at the next stage, the plant shall negotiate with all bidders to determine the winner.

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