Business news from Ukraine

Business news from Ukraine

MAN OPENS ONE MORE SERVICE CENTER IN UKRAINE

A new service center of the European manufacturer of automotive equipment MAN Truck and Bus has been opened in Zhytomyr, it has become the eighth center in Ukraine, Man Trucks and Bus Ukraine LLC reports on Facebook.
The Agrotruckservice center covers an area of 2.5 hectares (including a parking lot for trucks), it includes the main building (with workshops) with an area of 3,020 square meters, a spare parts warehouse with an area of 310 square meters.
The service station has three 25-meter inspection pits equipped with five 16-tonne jacks, a diagnostic line with German equipment from MAXA. It is equipped with four plunger lifts with a total lifting capacity of 60 tonnes, and a mobile column lift with six autonomous supports with a lifting capacity of 7.5 tonnes each.
The first MAN Truck and Bus service station in Ukraine was opened in Bucha in 2007. Also, in particular, the company has service stations in Kyiv, Dnipro, Odesa, Mukachevo.
The subsidiary company Man Trucks & Bus Ukraine has been operating in Ukraine since 2006.
According to the information and analytical group Auto-Consulting, MAN in July of this year was the leader in the sales of trucks with a gross weight of more than 16 tonnes, controlling 23% of the market. In the segment of trucks with a total weight of over 3.5 tonnes, the brand ranked second, more than doubling sales from July 2019, with an overall decline in sales in this segment by 5.7%.

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UKREXIMBANK PROVIDES LOAN TO EXPORTER OF NUTS

The state-owned Ukreximbank (Kyiv) provided a EUR 500,000 loan to Nutsi LLC, which specializes in the sale of walnuts and pumpkin seeds, to export the 2020 harvest, the bank’s press service said on Thursday.
According to the bank, Nutsi has an extensive network of points to purchase nuts and seeds throughout Ukraine and exports raw materials throughout Europe.
According to the unified public register of legal entities and private entrepreneurs, Viacheslav Yanchiy is the ultimate beneficiary of Nutsi LLC, the size of the charter capital of the company is UAH 44,000.
Ukreximbank was established in 1992, the only owner is the state.
According to the National Bank of Ukraine, as of July 1, 2020, in terms of total assets, Ukreximbank ranked third (UAH 226.729 billion) among 75 banks operating in the country.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 27/08/20

National bank of Ukraine’s official rates as of 27/08/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF AUGUST 27

Official rates of banking metals from national bank as of August 27

One troy ounce=31.10 grams

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VOLUME OF CONSTRUCTION PRODUCTS PRODUCED BY TYPE IN JAN-JUNE OF 2020 (MLN UAH)

Volume of construction products produced by type in Jan-June of 2020 (Mln UAH)

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IMC ANNOUNCES INTERIM DIVIDEND PAYMENT

The board of directors of IMC agricultural holding has announced payment of interim dividends to the company’s shareholders in the amount of EUR0.18 per share.
According to the company’s statement on the Warsaw Stock Exchange (WSE), dividends will be paid in euros on August 28, 2020.
According to the WSE, the share price of IMC on August 14 fell by 1.77%, to PLN11.1 per share.
IMC specializes in cultivation of grain, oilseeds and milk production in Ukraine. The agricultural holding cultivates about 123,300 hectares of land in Poltava, Chernihiv and Sumy regions. It owns capacities for storage of 554,000 tonnes of grain and oilseeds.
In 2019, IMC agricultural holding posted $7.32 million in net profit, which is 3.8 times less than in 2018. IMC’s revenue for this period increased by 29%, to $169.6 million, of which $ 142.67 million is export.

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