Business news from Ukraine

KOREA’S KERSO AND KOTRA TO LAUNCH SMART GRID PROJECTS IN UKRAINE

Ukraine’s Ministry of Energy and Coal Industry together with Korean companies KERSO and KOTRA plan to implement pilot projects for the use of Smart Grid technology for 0.4-110 kV electricity grids, the ministry’s press service has reported. As of now, energy ministry employees are searching for sites to implement the pilot projects. In particular, some facilities of JSC Khmelnytskoblenergo power supply company are being considered. The Smart Grid technology is designed to improve the efficiency of managing the electric grids, reduce process losses, and improve the quality of electricity supply.

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STATE FISCAL SERVICE ISSUES 555,000 DIGITAL SIGNATURES IN 2018

The accredited key certification center under the State Fiscal Service has issued 554,800 digital signatures (strengthened public key certificates) since the beginning of 2018, while since the beginning of the center’s work 6.7 million digital signatures have been issued, according to the website of the department. The center has serviced 197,900 customers since the beginning of this year, of which 140,600 are individuals, the service specified. At the same time, 57,300 legal entities received 263,200 digital signatures, the report says.
As reported, electronic keys issued by the center allow reporting online both to the bodies of the State Statistics Service of Ukraine and the Pension Fund.

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GOLDEN TILE CERAMIC GROUP INCREASES EXPORT, KEY FOREIGN TRADE AREAS – GREAT BRITAIN, GERMANY, ROMANIA, HUNGARY, POLAND

Golden Tile ceramic group in the first half of 2018 increased tile exports by 21%, to 2.8 million square meters, Oleh Lysokon, the deputy chairman of the Golden Tile board, has told Interfax-Ukraine. According to him, the group also increased domestic sales to 4.2 million square meters, which is 10% more than in the first half of 2017. According to the group’s report on its website, in the second half of this year Golden Tile plans to export 2 million square meters of tiles. The geography of its exports covers 26 countries. The key areas of foreign trade are Great Britain, Germany, Romania, Hungary, and Poland.
“The key to foreign markets is DIY networks. We sold 556,000 square meters of our products in foreign trade networks in the first half of 2018. The growth compared to 2017 was 54%. Ukrainian tiles took their place on the shelves of the largest European trade networks: Leroy Merlin, Praktiker, Mercury Market, Hornbach, OBI, and Arabesque,” chairman of the group board Dmytro Salimonov said.
According to him, the group plans to open a representative office in Israel and Lithuania, as well as to sign a contract with the British DIY networks ToppsTiles and Homebase.
Golden Tile ceramic group is a vertically integrated group of companies providing a full cycle of production and distribution of ceramic tiles.

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DAMAGE TO POLYETHYLENE SCREW CAPS PRODUCER PAK-EXPO LEASING DUE TO ATTEMPTED ILLEGAL SEIZURE AMOUNTS TO UAH 600,000

Damage to Pak-Expo Leasing LLC (Slavutych, Kyiv region), a plant for production of one-component polyethylene caps for PET bottles, from an attempted raider seizure amounted to UAH 600,000.
“More than 40 unknown masked persons at 17:30 on August 8 seized the production facilities of Pak-Expo Leasing and had been holding them until 24:00. After the intervention of law enforcement officers, the raiders left the premises,” director general of the company Valeriy Savchenko said at a press conference at Interfax-Ukraine.
The company reported that the leader of the illegal capture had been detained by the law enforcers.
According to lawyer of Pak-Expo Leasing Maksym Zavorotniuk, the “standard raider scheme – the alienation of property rights through the state registrar on fictitious documents” was launched in relation to the company.
“This happened on August 7-8, but we reacted quickly and noted the registration actions, thus renewing the property rights in the state register of rights to immovable property. A lawsuit has been filed with the Economic Court of Kyiv region on invalidating the documents on the basis of which the raider seizure took place,” the lawyer said.
The core business of Pak-Expo Leasing, operating in the Ukrainian market since 2004, is the production and sale of single-component polyethylene screw caps for carbonated and non-carbonated beverages, juices, and dairy products.
Since 2004, the company has invested EUR8 million in its development.

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