Kramatorsk airport could be repaired and put into operation, including civil aviation, within three years.
“On the instructions of President of Ukraine Petro Poroshenko I’ve inspected Kramatorsk airport. We need to repair and commission it like Mariupol [airport],” Infrastructure Minister Volodymyr Omelyan said on his Facebook page.
He noted that this year they should also overhaul the Mariupol-Zaporizhia highway within the region and complete the construction of a road to Bakhmut.
At the same time, the draft plan for the long-term development of Donetsk region for 2019-2021 says that the reconstruction and launch of the airport to work with civil aviation flights is planned for the next three years.
It is planned that Kramatorsk airport will be equipped with modern equipment, the terminals, the runway, the aprons will be reconstructed, and the airport square will be repaired.
CFG/Mriya agricultural holding, which has been operating as a single business since early 2019, in March bought agricultural machinery for the amount of $2.3 million, the press service of the company has reported.
The agricultural holding said that it bought 17 trailing units of agricultural machinery: 12 band spreaders and five cultivators. Deutsche Agrotechnik Ukraine, Rauch Landmaschinenfabrik GmbH and UAPC LLC supplied the machinery.
“This is the first of the planned deliveries of equipment for the CFG/Mriya joint agricultural holding this year. The general investor, Salic UK Ltd, intends to send several dozens of millions of dollars to update the CFG/Mriya fleet in 2019 to ensure further effective activity of the merged company,” the company said in a press release.
Mriya Agro Holding is a vertically integrated agribusiness, which was founded by Ivan Huta in 1992. The holding’s land bank is 165,000 hectares. Its grain elevators are able to store 380,000 tonnes.
In August 2014, Mriya reported an overdue payment of about $9 million in interest income and about $120 million in repayment of debt on its obligations. The total debt to all financial creditors, taking into account the guarantees provided to the companies related to the Huta family, was about $1.3 billion at the time of the holding’s default.
In early February 2015, the operating control of the holding was transferred to creditors who elected the new management, and in September 2016 the committees of creditors and bondholders of the holding agreed on the conditions for the restructuring of the company’s debt, which was estimated at $1.1 billion. The debt restructuring ended in August 2018. Mriya’s total debt burden decreased from $1.1 billion to $309.5 million, which included $49.3 million in restructured secured debt, $208.1 million in restructured unsecured debt (eurobonds), $46 million in working capital, and $6.1 million in assets under a new leasing program for the purchase of equipment.
In September 2018, SALIC UK Limited announced the acquisition of the holding. The deal was completed in November 2018.
Mriya will continue operations in Ukraine together with SALIC UK’s subsidiary, CFG.
The Saudi Agricultural and Livestock Investment Company (SALIC) was founded in 2012. Its sole shareholder is the Sovereign Fund of Saudi Arabia. The company invests in the production of agricultural and livestock products.
CFG has been operating in Ukraine since 2006. It processes 45,000 hectares in Lviv and Ternopil regions.
Eurocar (Solomonove, Zakarpattia region), manufacturing Skoda passenger cars, part of Atoll Holding Group, tentatively saw UAH 182 million in net profit in 2018, which is 2.6 times more than in 2017.
According to the information attached to the agenda of the general meeting of shareholders scheduled for April 25, its uncovered loss as of early 2019 totaled UAH 1.11 billion (UAH 734.24 million in 2017).
According to the draft decision of the shareholders, it is planned to send net profit for 2018 to cover losses of the previous years.
In 2018, Eurocar saw a 7.3% rise in current liabilities, to UAH 372.93 million, while noncurrent liabilities slightly grew to UAH 1.625 billion.
Total receivables as of January 1, 2019 accounted for UAH 426.61 million, falling by 22.4%, and its assets grew by 50.2%, to UAH 2.303 billion.
Net worth as of early 2019 was UAH 304.42 million, while a year ago it was negative – UAH 429.438 million. The charter capital did not change, being UAH 234.48 million.
Eurocar has been manufacturing passenger cars since December 2001.
The net profit of private joint-stock company Artwinery (Donetsk region, formerly Artemovsk Winery) fell by 26% in 2018 compared with 2017, to UAH 49.39 million.
According to a company report on holding the annual general meeting of shareholders on April 24, its assets last year rose by 15.4%, to UAH 729.23 million.
Current liabilities grew by 27.2%, to UAH 365.41 million, total receivables – by 1.5 times, to UAH 221.33 million.
The company plans to approve the payment of dividends from the retained earnings for 2017 in the amount of UAH 60.13 million. Dividends will be paid in the period before October 22, 2019.
Artwinery is the largest Eastern European manufacturer of sparkling wines using classical champagne method. The plant’s capacity is 25 million bottles per year. Its trademarks are Krim, Artyomovskoye, Krimart, Charte, and Soloking. The company exports products to more than 20 countries.
The company said that its share of the Ukrainian sparkling wine market in 2017 totaled 20.6%.
Average retail prices for petrol and diesel fuel in Ukraine as of March 22, 2019, remained at the level of the previous week, while prices of LPG grew by 6.3%, according to data from the A-95 Consulting Group (Kyiv).
Changes in average retail fuel prices UAH per liter in Ukraine:
©Source: A-95 Consulting Company
