Business news from Ukraine

Business news from Ukraine

ZE!TEAM DISCUSSING POSSIBLE CHANGE OF SAPO CHIEFS

The team of President-elect Volodymyr Zelensky (Ze!Team) is discussing a possible change in the leadership of the Specialized Anti-corruption Prosecutor’s Office (SAPO) and the institutional strengthening of the National Anti-corruption Bureau of Ukraine (NABU).
“Today, a detailed action plan in terms of anti-corruption policy is at the stage of finalization. The Zelensky team has a clear agreement on the need to reset the National Agency on Corruption Protection (NACP). There is a very serious discussion on resetting the leadership of the Specialized Anti-corruption Prosecutor’s Office (SAPO),” Halyna Yanchenko, a Ze!Team advisor on anti-corruption policy and digitalization, said on Facebook on Friday.
As for NABU, according to her, most of the team of the newly elected president “considers it necessary to support and strengthen NABU institutionally.”
“I also stand in these positions personally. Moreover, the plan for the first 100 days of the future president discusses the initiative to grant NABU the right to independently wiretap [only the SBU can do this now] from communication channels, a step the experts have advocated for a long time,” she said.

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DEFICIT OF UKRAINE’S STATE BUDGET COMES TO UAH 26 BLN IN Q1

The deficit of the national budget of Ukraine in January-March 2019 amounted to UAH 26.166 billion, in particular the general fund deficit was UAH 39.272 billion with the target being UAH 43.54 billion, according to data released by the State Treasury Service.
According to the agency, government borrowing for the three months of 2019 amounted to UAH 115.3 billion, while debt repayment almost UAH 94.3 billion.
Earlier, the Ministry of Finance reported that the national budget deficit for this period was financed mainly by public borrowing.
Privatization brought almost UAH 184 million with the expected figures for this period exceeding UAH 6 billion.
In general, the national budget for this period received UAH 210.6 billion in revenues, with general fund income being UAH 178.2 billion and the target standing at UAH 194.15 billion.
National budget expenditures in January-March this year were at the level of UAH 237.4 billion, including UAH 218.2 billion in the general fund, with the plan being UAH 239.3 billion.
According to the treasury, local budgets during this period posted a surplus of UAH 17.2 billion, and the surplus of the general fund was UAH 19.4 billion.

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UKRAINIAN PRESIDENT-ELECT VOLODYMYR ZELENSKY GOES TO TURKEY FOR BRIEF VACATIO

Ukrainian President-elect Volodymyr Zelensky has gone to Turkey for a brief vacation.
“We have agreed to be open. So, we’re flying to Turkey. I’m taking the kids to the yearly festival Veselo,” Zelensky wrote on his Facebook page.
Zelensky said that it would be his first day off for the past four months, and said he would be returning to Ukraine in a couple of days.

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MHP ACQUIRES 90% OF SHARES IN PERUTNINA PTUJ FOR EUR 221 MLN

Myronivsky Hliboproduct (MHP) has announced that it has reached a final settlement price of EUR 221.095 million with Slovenian Steel Group (SIJ) to acquire Perutnina Ptuj, a leading poultry meat and a meat-processing company headquartered in Slovenia.
According to a company report, the price per share is EUR 22.34. SIJ held 9.897 million shares in the Slovenian company. The acquisition was completed in February 2019 subject with final purchase price defined based on audited financial statements of 2018. MHP has now completed this process and has today confirmed a 90.69% stake in Perutnina Ptuj.
“The company is undertaking a full assessment of Perutnina Ptuj’s production facilities and will reveal a full modernisation plan later this year during roadshow/meeting with stakeholders both in Slovenia and London together with top management of both companies,” MHP said.
MHP is the largest poultry producer in Ukraine. It also deals with production of grain, sunflower oil, meat goods.

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1,400 HOUSEHOLD SOLAR POWER PLANTS INSTALLED IN UKRAINE IN Q1

In January-March 2019, 1,393 Ukrainian households installed PV modules with a total capacity of 33 MW, Director of the renewable energy department of the State Agency for Energy Efficiency and Energy Saving of Ukraine Yuriy Shafarenko has written on his Facebook page.
According to him, thus, by the beginning of April their total number reached 8,850 families, and the total installed capacity was 190 MW, which is about 20% more than it was at the beginning of the year.
The capacity of home solar power plants is an average of 21.5 kW per family.
The largest number of plants was installed in Dnipropetrovsk (1,072 families, 25 MW), Kyiv (904, 25 MW), Ternopil (808, 21 MW), Ivano-Frankivsk (50, 13 MW) and Kirovohrad regions (562, 15 MW). Shafarenko said that the greatest activity is observed in those regions where local support programs are in effect, providing for compensation of a part of the cost of equipment (from 10% to 30%).
As reported, the number of Ukrainian households that installed PV panels in 2018 more than doubled (by 4,500) and reached 7,500; the total capacity of the equipment installed by them reached 157 MW by the end of 2018.

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ZELENSKY TEAM PREPARES BILL REIMPOSING LIABILITY FOR ILLEGAL ENRICHMENT

Ukrainian President-elect Volodymyr Zelensky has told Lithuanian Foreign Minister Linas Linkevicius that his team had prepared a bill reimposing liability for illegal enrichment.
At the meeting Linkevicius reminded that the West was watching especially closely anti-corruption efforts in Ukraine, Zelensky’s press service said. “The decriminalization of illegal enrichment runs counter to Ukraine’s obligations to the European Union,” Linkevicius said.
Zelensky also asked for help with setting up an international media organization to broadcast pro-Ukrainian position to the temporarily occupied Ukrainian areas.
He thanked Lithuania for consistently defending Ukraine’s interests in Europe.
Linkevicius in turn congratulated him on winning the election and offered help with implementing reforms in combating corruption and the law enforcement system.
European organizations in Brussels are very interested in the Ukrainian president-elect, Linkevicius said, offering Zelensky to visit EU-level international events at the first opportunity.

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