Business news from Ukraine

Business news from Ukraine

EKO-DIM CONSTRUCTION COMPANY SEES 1.5-FOLD RISE IN NET PROFIT

Private joint-stock company Eko-dim holding company (Lviv region) in 2018 saw a 1.5-fold rise in net profit, reaching UAH 15.1 million.
According to a company report in the information disclosure system of the National Commission for Securities and the Stock Market on holding of a general meeting of shareholders on April 23, net profit per share in 2018 was UAH 173.10, while in 2017, UAH 109.10 of net profit was per share.
The retained earnings grew by 40%, to UAH 52.5 million.
Total receivables last year rose by 20.7%, to UAH 35.5 million, noncurrent liabilities fell by 87%, to UAH 31 million. Current liabilities decreased 19%, to UAH 50.7 million.
Eko-dim holding company (before July 1, 2010 it was OJSC Mobile Mechanized Convoy No. 9) was founded in 1997. The company is engaged in construction and installation work, has its own concrete plant, a workshop of concrete products, a metalworking site, and a sawmill with a carpentry shop.

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ICU PLANS TO LAUNCH UNSORTED SOLID HOUSEHOLD WASTE TREATMENT PLANT

The ICU Group seeks to launch the largest unsorted solid household waste treatment plant in Ukraine in Zhytomyr using the MBT technology (mechanical, biological and thermal treatment of solid municipal waste), ICU Managing Partner Makar Paseniuk has said in an interview with Interfax-Ukraine.
“We expect to start the plant before the end of this year. We can obviously draw some conclusions on the first results of work, only at the end of 2020. This is a very dynamic business, a large number of factors affect its work,” Paseniuk said. According to him, following the results of testing this business model, the group will be able to make a decision on its offer for potential co-investment.
Paseniuk said that for Ukraine, the MBT technology is innovative, there is no experience of its implementation in the country yet.
As reported, referring to the press service of ICU, MS Social Project LLC (Kyiv), part of the ICU Group, will invest up to EUR 10 million in construction of the largest unsegregated solid household waste treatment plant in Zhytomyr. After the implementation of this project in Zhytomyr we are considering the possibility of building this type of plants in other cities of Ukraine.
Tehnix (Croatia), which is the equipment manufacturer and developer of MBT technology was selected a contractor for the implementation of the project. Tehnix has built and commissioned more than 50 similar plants in the EU countries, in the countries where solid household waste, as well as in Ukraine, is not segregated at home.
The design capacity of the plant involves the processing of about 82,000 tonnes of solid waste per year. The depth of treatment using this technology will reach 85-95%, and its result will be the receipt of secondary raw materials, alternative refuse-derived fuel (RDF) for cement plants and compost from the organic fraction of solid waste.

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NATIONAL BANK STARTS PUBLISHING DATA ABOUT INDIVIDUALS’ DEPOSITS IN TERMS OF AMOUNTS, CURRENCIES

The National Bank of Ukraine (NBU) has started publishing data about individuals’ deposits in banks in terms of their amounts and the currency of the deposits, as well as the amount of possible refunds by the Deposit Guarantee Fund.
“The information is first published by banks on their websites until the end of the month following the reporting month, and then in aggregated format on the National Bank’s website in the Statistics – Banking System Indicators section, the NBU said on its website.

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