Business news from Ukraine

Business news from Ukraine

PRIMARY REGISTRATIONS OF PASSENGER CARS IN UKRAINE 8% UP IN MARCH

The primary registrations of passenger cars in Ukraine grew by 8% in March 2019 year-over-year, being 7,300 cars, the Ukrautoprom association has reported.
According to a posting on its website, as compared with February of the current year, registrations increased by 28%.
Renault remains the most popular brand, which registrations in March increased by 66% compared with March 2018, to 1,022 units, while Toyota, keeping the second position, lost 7% of last year’s result in March, with 835 cars sold.
KIA was third, having improved the sales compared with March 2018 by 3.2 times, to 710 registrations, and Skoda ranked fourth with an indicator of 589 cars sold and a 37% increase.
Nissan is fifth with 567 cars sold and an increase of 28%.

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MYRONIVSKY HLIBOPRODUCT TO COMPLETE PHASE 2 OF VINNYTSIA POULTRY COMPLEX BY 2022

Myronivsky Hliboproduct (MHP) plans to complete Phase 2 of the Vinnytsia poultry complex with a capacity of 260,000 tonnes by 2022.
According to an annual report of the company, MHP launched the first site of Phase 2 of the complex in 2018 with a capacity of 30,000 tonnes. The expansion of production would allow MHP to increase poultry production by 36%, to 840,000 tonnes from 618,000 tonnes.
According to the report, MHP also continues actively seeking opportunities for mergers and acquisitions of companies that produce or process poultry meat in the EU, the Middle East and North Africa.
According to the report, since 2018 the company is building the second and largest biogas complex with a capacity of 24 MW at the Vinnytsia poultry complex. The complex will reach its full capacity in two years. The launch of Phase 1 with a capacity of 12 MW is scheduled for the middle of 2019.
MHP also intends to increase the land bank to 500,000 hectares (by the end of 2018 it had 370,000 hectares) “over the medium term in order to further reduce the dependence on third-party suppliers of ingredients for fodder, and to provide additional hard currency revenues from grain export sales.”
According to the report, the capital investment of MHP in 2018 amounted to $232 million, mainly thanks to the launch of the production sites of Phase 2 of the Vinnytsia poultry complex. The planned volume of capital investments for 2018-2022 is $420 million.

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UTG TOGETHER WITH PARTNER DC EVOLUTION (LONDON) PLAN TO BUILD $100 MLN MULTIFUNCTIONAL COMPLEX IN UKRAINE

UTG consulting company (Kyiv), together with partner developer DC Evolution (London), plans to implement the project of an Alfa Mall multifunctional complex with a total area of 105,000 square meters with five residential buildings and a shopping and entertainment center by late 2022.
“In this project, UTG in partnership with the owners of DC Evolution for the first time will act not just as a broker, but as a co-investor and management company. This is our personal project in Dnipro, we are conducting its full cycle,” UTG Director Yevhenia Loktionova said during Retail & Development Business Expo 2019, held in Kyiv at the end of last week.
She told Interfax-Ukraine investments in the project will be more than $100 million, project participants intend to use their own and credit funds.
The Alfa Mall multifunctional complex is to be built at 25 Zaporizke Shose Street. The total project area will be 105,000 square meters, the rental area is 52,000 square meters. The plan is to be implemented in two stages. The start of construction is scheduled for 2020, completion for the end of 2022.
UTG (Kyiv) was established in 2001. It specializes in comprehensive support of development projects.

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SAVINGS OF UKRAINIANS UAH 16.8 BLN UP – STATISTICS

The income of the population of Ukraine in 2018 amounted to UAH 3.22 trillion, expenses to UAH 3.202 trillion, while the savings of Ukrainians rose by UAH 16.8 billion, the State Statistics Service has reported.
According to its data, disposable income, which can be used to purchase goods and pay for services, over this period grew by 21.9%.
Disposable income per capita in the third quarter amounted to UAH 57,909, which is 22.5% more than in 2018.

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PERION NETWORK FROM ISRAEL ACQUIRES STARTUP SEPTA (CAPTAIN GROWTH) FROM UKRAINE

Israel’s Perion Network has acquired Ukrainian startup Septa Communications (Captain Growth) for $3.75 million. According to a press release of Perion Network, Total consideration is up to $3.75 million, partially paid in cash at closing while the remaining consideration is subject to the achievement of certain milestones and retention over the next two years.
“With Captain Growth’s proprietary ‘Value Unlock’ technology, our synchronization will now give brands the critical ability to benefit from putting the best-performing units in front of the right users at the right time – for unprecedented cross-channel engagement,” CEO of Perion Doron Gerstel said.
The acquisition is not expected to have a significant impact on Perion’s financial results.
Perion is a global technology company that delivers advertising solutions to brands and publishers. Founded in 1999 as IncrediMail, in 2011 it was renamed and activities from developing a postal agent to advertising activities.
Septa Communications is an IT development company founded by businessmen Dmytro Bilash and Dmytro Pleshakov in 2017. Captain Growth is a proprietary AI platform to better connect and deliver relevant campaign messages through the entire ad journey.

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ELECTRAWORKS LIMITED (GIBRALTAR) AND OTHER BOOKMAKERS MAKE VOLODYMYR ZELENSKY ODDS ON FAVORITE TO WIN UKRAINE’S PRESIDENTIAL ELECTION

ElectraWorks Limited (Gibraltar), operating under the bwin sports betting brand, has updated odds for betting on Ukraine’s presidential election after the results of the first round of elections: odds for Volodymyr Zelensky’s victory have increased from 1.8 to 1 to 1.22 to 1. The odds of incumbent President Petro Poroshenko winning have dropped from 2.5 to 1 to 4 to 1.
The betting company Pari-Match is taking bets for Poroshenko’s victory in the second round at 3.1 to 1 odds, also making Zelensky the favorite at 1.35 to 1 odds.
Almost the same odds are given by another betting company 1Xbet: Poroshenko at 3.096 to 1, and Zelensky – 1.336 to 1.
As reported, with 98.3% of voting protocols processed, Zelensky and Poroshenko received 30.24% and 15.93% of votes, respectively.
Batkivschyna Party leader Yulia Tymoshenko received 13.39% of the votes, and Opposition Platform – For Life leader Yuriy Boiko – 11.66%.

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