It is unlikely that the presidential and parliamentary elections to be held this year would affect the speed of the implementation of reforms in Ukraine, according to most participants of the CFA Society Ukraine Investment Forum held in Kyiv on Friday, March 15.
According to its express poll, 58.33% of the audience backed the above opinion and 62.944% confirmed it during the repeated voting after the information panel.
However, 15.74% and 21.68% of the participants during the repeated voting said that the reforms would accelerate. Some 17.59% (11.91%) and 8.33% (4.2%) respectively expected that the reform would slow down and would be backtracked.
According to Economist of Morgan Stanley investment bank Alina Sliusarchuk, judicial reform is currently the key reform for Ukraine.
“The first question that investors usually ask me is not about the labor market or even about the war in the east of the country. It concerns the fight against corruption, judicial reform, the presence of structural changes. That is, this is the most important issue,” she said at the forum.
Chief Economist at the Dragon Capital investment group Olena Belan said that the intentions and aspirations of the new authorities would very quickly manifest themselves in the macroeconomic situation.
“Regardless of who will be elected, if the new government continues cooperating with the International Monetary Fund, adhering to the correct policy, rather than making populist decisions, there is a potential for reducing the key policy rate by 2 or 3 percentage points,” she said.
Executive Director of Blazer International Foundation Oleh Ustenko has the same opinion. He said that the success of the new government will directly depend on whether they are based on expert opinion.
“I am sure that in Ukraine the situation will really improve if each of the existing candidates who intends to lead the country will follow the instructions prepared by the experts. Of course, the person who is elected to this position is important, but society and international partners are unlikely to allow future head of state to significantly deviate from the course of reform,” he said.
About 300 financial and investment experts took part in the ninth CFA Society Ukraine Investment Forum.
One troy ounce=31.10 grams
PJSC Viola pharmaceutical factory (Zaporizhia) received UAH 29.381 million in net profit in 2018, which is 147.7% more than in 2017 (UAH 11.863 million).
According to a company report in the information disclosure system of the National Commission on Securities and the Stock Market, the company’s assets in 2018 increased by 24%, to UAH 150.892 million.
Viola pharmaceutical factory was established in 1944. It produces medicinal plant raw materials in packs and filter bags, herbal teas, spirit tinctures, extracts, syrups, oils and oil solutions, alcohol solutions, aqueous solutions, ointments, gels, medical powders, and other products.
The ultimate beneficiary of the plant is Vitaliy Sofiychenko.
The Dutch-based company Royal De Heus has signed an agreement on the purchase of a majority stake in the Ukrainian feed manufacturer D-Mix (Lviv region), Royal De Heus reported on its website.
According to the company, the deal is to be closed in the second quarter of 2019. The joint venture will operate under the Koudijs Ukraine brand.
D-Mix produces specialized feed concentrates and compound feed, mainly for poultry and pigs. The production capacity of the enterprise is 80,000 tonnes of processing sunflower and soybeans, the actual volume of processing is 50,000 tonnes.
D-Mix will also soon begin the construction of a premix manufacturing plant, its expected commissioning date is 2020.
According to the company, the joint venture will be managed by the incumbent owner of D-Mix, Fedir Shopsky.
De Heus, founded in 1911, is an international manufacturer and exporter of a full line of premixes, concentrates and complete feed, represented in 60 countries.
The largest Ukrainian mobile communications operator Kyivstar has won a tender to select a mobile communication operator to service the largest mining and metallurgical group in the country Metinvest initiated by the logistic and procurement directorate of Metinvest Holding LLC and Metinvest Digital LLC.
“Intensive piloting of projects using new technologies together with mechanisms for rapid testing of ideas in the digital field allows the Metinvest Digital team to increase the digital maturity of the Metinvest Group..,” Kyivstar said in a press release on March 15, citing Metinvest Digital Director of the IT service provision department Serhiy Fedchun.
According to him, the long term cooperation with Kyivstar will allow Metinvest to build reliable channels to create a platform for digital business solutions and significantly increase the level of mobile services for the group’s employees.
Director for Corporate Market Business Development at Kyivstar Yevhen Krazhan said that the cooperation of the companies is a long term strategic project. Under the terms of the signed agreement, it envisages the provision of high quality mobile communications and related services to employees of the Metinvest Group, cooperation in projects for digital modernization of enterprises and the creation of high-tech conditions for the efficient operation of the business.
Director for Logistics and Procurement at Metinvest Holding LLC Oleksiy Hromakov said that the agreement also fixes transparent pricing and flexible optimal tariff plans for five years in order to minimize communication costs both in Ukraine and abroad.
