Business news from Ukraine

AGROMARS PLANS TO BUILD FLOTATION SLUDGE RECYCLING PLANT

Agromars Complex LLC (Kyiv region) plans to build a flotation sludge recycling plant.
“The second project being considered by Agromars Complex is construction of a flotation sludge recycling plant. Flotation sludge appears after purification of water used in slaughtering houses and extra sludge from biological treatment facilities,” the company said on its website. In particular, Agromars is interested in a project of Dutch Mavitec.
The flotation sludge recycling plant and the chicken manure recycling plant will generate electricity using a gasification method. It would be able to generate 1.1 MWh of heat and organic fertilizers.
“We have a plant producing biological additive from animal byproducts. When we build two more plants, we would complete the chain for treating any waste. This would allow solving all environmental issues as it is done in Europe,” Deputy Technical Director Oleksandr Surmach said.

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STATE-OWNED UKRSPECEXPORT HAS 2.3-FOLD RISE IN NET PROFIT

State-owned company Ukrspecexport in January-June 2018 saw a 2.3-fold rise in net profit under Ukrainian accounting standards (129.9%) year-over-year, to UAH 158.34 million. According to a company report in the information disclosure system of the National Commission for Securities and the Stock Market, its net revenue in H1 2018 grew by 24.83%, to UAH 773.12 million.
In January-March 2018, Ukrspecexport increased net profit by 69.26%, to UAH 64.38 million and net revenue – by 7.86%, to UAH 364.13 million.
Ukrspecexport is an authorized state intermediary in carrying out foreign economic activities in the sphere of exports and imports of goods and services that are subject to export control.
Since December 2010, under the government’s decision Ukrspecexport and its subsidiaries have joined the Ukroboronprom State Concern.

UKRAINE AND ISRAEL SEEK TO BOOST GOODS FLOW TO $2 BLN A YEAR IN FIVE YEARS

Ukraine and Israel seek to boost goods flow in the coming five years to $2 billion a year, while last year the figure grew by 14.7% compared with 2016, reaching $772.5 million, Ukraine’s First Deputy Prime Minister, Minister of Economic Development and Trade Stepan Kubiv has said. “I met with Israeli Minister of the Economy and Industry Eli Cohen and agreed to increase the trade flow to $ 2 billion in the next five years,” he wrote on his Facebook page.
According to him, the countries also intend to develop cooperation in the field of innovation and high technologies.
Kubiv also recalled that Ukraine and Israel intend to sign a free trade agreement by the end of this year.

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STATE-OWNED ENERGOMARKET SEES 3.1-FOLD RISE IN NET PROFIT

State-owned enterprise (SOE) Energomarket (Kyiv) in January-June 2018 saw a 3.1-fold rise in net profit year-over-year, to UAH 1.805 billion. The company reported in the information disclosure system of the National Commission for Securities and the Stock Market, its net revenue in H1 2018 grew by 18.9%, to UAH 85.423 billion, and gross profit doubled, to UAH 1.711 billion.
As reported, in 2017, the enterprise cut net profit by 33.3%, to UAH 856.261 million, boosting net revenue by 11.6%, to UAH 146.209 billion.
SOE Energomarket fulfils functions of the operator of the wholesale electricity market of Ukraine.

GOODS FLOW OF DISCOUNT CHAIN ATB 32% UP

ATB-market LLC (Dnipro), owning a discount store chain in Ukraine, in January-June 2018 increased good flow by UAH 11.9 billion or 32.6%, to UAH 48.4 billion (VAT included). “In the first half of 2018, the good flow of the ATB retail network amounted to UAH 48.4 billion (including VAT), which is 32.6% more than in the same period last year. ATB-Market LLC’s share of total retail turnover of retail enterprises in Ukraine for the first quarter of 2018 amounted to almost 15.9%, which is 1.9 percentage points more than the figures for the corresponding period of the previous year and it has a steady tendency to increase. This is the result of both a general growth in the number of retail enterprises and experimental updating of the ATB store format,” Director General of the ATB Corporation Borys Markov told Interfax-Ukraine.
According to him, since early 2018 the company has opened 48 new stores, of which 21 are in the western region of Ukraine, and 12 – in the southern region.
According to the press service of ATB, referring to the data of the State Fiscal Service, the amount of taxes paid by ATB-Market LLC for six months increased by 57.9% compared to the same period last year, to UAH 3.2 billion. Thus, the company remains the largest taxpayer of wholesale and retail trade in Ukraine.
“In general, the enterprises of the ATB Group paid taxes and fees for the total amount of UAH 4.3 billion in the first half of this year, which is 32% more than in the same period last year,” Markov added.

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