Enterprises of Ferrexpo (Poltava Mining, Yeristovo Mining and Belanovo Mining) paid more than UAH 2.45 billion of taxes and charges to budgets of different levels by results of January-September 2019, which is more than for the corresponding period of year 2019.
According to the structure of the enterprises’ payments, during the period under review, Poltava Mining (Ferrexpo Poltava Mining, FPM, belongs to Ferrexpo) transferred taxes and contributions to the budget of Ukraine for more than UAH 1923.0 million, Yeristovo Mining (Ferrexpo Yeristovo Mining, FYM, belongs to Ferrexpo) – more than UAH 508.5 million, Belanovo Mining (Ferrexpo Belanovo Mining, FBM belongs to Ferrexpo) – more than UAH 13.5 million.
Poltava Mining paid to the local budget more than UAH 221.8 million, to the regional budget – more than UAH 228.4 million, to the State Budget of Ukraine – more than UAH 1206.2 million (13%, 14% and 73% accordingly). The unified social tax of the enterprise exceeded UAH 266.3 million.
Yeristovo Mining transferred to the local budget more than UAH 57.8 million, to the regional budget – more than UAH 73.0 million, to the State Budget of Ukraine – more than UAH 326.0 million (13%, 16% and 71% accordingly). The unified social tax of the enterprise exceeded UAH 51.7 million.
Belanovo Mining paid to the local budget more than UAH 6.1 million, to the regional budget – more than UAH 0.8 million, to the State Budget of Ukraine – more than UAH 3.3 million (60%, 8% and 32% accordingly). The unified social tax of the enterprise exceeded UAH 3.3 million.
For nine months of 2020, FPM paid the corporate profit tax in amount of more than UAH 955.3 million, environmental tax – more than UAH 88.7 million, land tax – more than UAH 42.7 million, income tax – more than UAH 232.5 million, other taxes and contributions – more than UAH 51.7 million. Royalty payments exceeded UAH 285.5 million.
Yeristovo Mining paid for the same period environmental tax in amount of more than UAH 26.5 million, personal income tax – more than UAH 46.7 million, income tax – more than UAH 94.7 million and other taxes and contributions – more than UAH 51.7 million. Royalty payments exceeded UAH 194.5 million.
Main payments of Belanovo Mining to the budget for nine months of the current year included land tax in amount of more than UAH 3.7 million and personal income tax – more than UAH 3.6 million.
Notes to Editors:
Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It has been mining, processing and selling high quality iron ore pellets to the global steel industry for over 40 years. In 2019, the Group produced 10.5 million tonnes of pellets ranking it as the 3rd largest exporter of pellets to the global steel industry with a market share of approximately 8%. Ferrexpo has a diversified customer base supplying steel mills in Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey, Vietnam and America. Ferrexpo has a premium listing on the main market of the London Stock Exchange under the ticker FXPO.
The single counterparty exposure limit (H7, should be no more than 25%) as of December 1 was violated by Prominvestbank (84.03%), Industrialbank (82.88%), Sberbank (53.13%) and Misto Bank (39.21%), according to the website of the National Bank of Ukraine (NBU).
According to the regulator, the related party transactions exposure limit (H9, should not exceed 25%) was violated by Megabank (37.56%), First Investment Bank (52.6%) and Unex Bank (29.21%).
The limit on bank total long open FX position (L13-1, should be no more than 10%) was violated by Prominvestbank (133.41%), Oschadbank (119.97%), PrivatBank (98.27%) and Industrialbank (13.15%).
The limit on bank total short open FX position (L13-2, should be no more than 10%) was violated by Prominvestbank (167.35%).
Misto Bank, recognized by the NBU as insolvent, violated the short-term liquidity ratio (H6, at least 60%), which amounted to 44.36%.
Nova Poshta has launched a new service center on the demarcation line in Novotroitske (Donetsk region) and opened its own branch there.
The company said this is one of nine facilities at the checkpoints of entry and exit, the construction of which is being implemented by the Ministry for Reintegration of the Temporarily Occupied Territories in cooperation with Ukrainian business – the facility in Novotroitske was built entirely at the expense of Nova Poshta, which invested UAH 12 million in it.
The checkpoint has an administrative services center, an employment center, Oschadbank, a pharmacy, a medical center, a National Police station, a cafe and a mother and child room. The territory will have Wi-Fi and recreation areas.
In addition, the service center has a branch of Nova Poshta, where customers will be able to send and receive parcels weighing up to 30 kg, and financial services will also be provided: payment of utility bills, cash withdrawals from a card, money transfers, etc.
“Nova Poshta deliberately joined an important initiative of the Ministry of Reintegration and invested in the development of the country’s service infrastructure. For us, as a socially responsible business, it is important to support Ukrainians and provide them with the opportunity to receive a full range of services and goods from Ukrainian and international stores that they need,” CEO of Nova Poshta Oleksandr Bulba said.
Dniprospetsstal Electrometallurgical Plant (Zaporizhia) in January-November this year, according to the recent data, increased the output of finished rolled products by 1.4%, to 141,000 tonnes compared to the same period last year.
As the enterprise told Interfax-Ukraine, steel production during this period increased by 2.5%, to 205,000 tonnes.
In November, 21,000 tonnes of steel were smelted, and 13,000 tonnes of rolled products were produced.
The company’s information said that the metal of Dniprospetsstal complies with the European standards for construction, this was confirmed by the certificate №1853-CPR-101 of compliance of the factory production control with the European Regulation 305/2011/EU. The document applies to the production of hot-rolled bars and forgings from structural and stainless steel grades. These products are used for production of metalwork constructions and composite reinforced concrete structures.
“The certificate allows the company to manufacture and supply metal products specified in its scope. In addition, Dniprospetsstal is allowed to affix the CE mark on its products. It indicates its compliance with European standards. Metal products with such a mark are successfully sold in the EU countries,” the company said.
The certificate is valid until November 22, 2023.
As reported, Dniprospetsstal in 2019 reduced the output of finished rolled products by 6.4%, to 152,212 tonnes, steel by 11.2%, to 219,308 tonnes compared to the previous year.
Dniprospetsstal is Ukraine’s only manufacturer of high-quality rolled products and forgings made of special steel grades: stainless, tool, bearing, structural, and also from nickel-based superalloys.
In order to minimize corruption risks, Ukrzaliznytsia is introducing a system of operational control over the provision of customers’ requests for cargo transportation.
As the company reported on its website on Wednesday, the system is aimed, in particular, at eliminating the possibility of non-receipt or delay in the delivery of freight wagons, as well as eradicating corruption in the freight wagons distribution.
“At the first stage of the system implementation, we already carry out daily operational monitoring of applications for the delivery of freight wagons, consider all problem cases and correct the situation in order to fully meet the needs of customers and timely delivery of freight wagons. After all, each well-developed application is, in the end, the company’s income and its further development,” the Ukrzaliznytsia’s press service said.
According to Ukrzaliznytsia, operational control, monitoring the situation and quick response will significantly improve the quality of rail cargo transportation and strengthen cooperation with market participants.
At the Wednesday meeting, the Cabinet of Ministers of Ukraine expanded the list of goods needed to combat coronavirus (COVID-19), the import and delivery of which to the customs territory are exempt from VAT, test systems and laboratory equipment.
According to the text of the decree, this is about test systems for ELISA testing and antigen testing.
In addition, the government has approved a decree that will simplify the procurement of medicines for the treatment of patients with COVID-19. In particular, the requirements of Cabinet of Ministers decree No.333 some issues of state regulation of prices for medicines and medical products will not apply to the purchase of medicines for the treatment of patients with COVID-19, which will increase the access of medical facilities to medicines.
