Business news from Ukraine

Business news from Ukraine

UKRAINE EXPORTS 14.5 MLN TONNES OF GRAIN SINCE NEW 2019/2020 AGRICULTURAL YEAR (JULY-JUNE)

Ukraine since the beginning of the new 2019/2020 agricultural year (July-June) and as of October 7, 2019 had exported 14.472 million tonnes of grain and legumes, which is 45% more than on the same date last agri-year.
According to the Ministry of Agricultural Policy and Food, farmers have also exported 9.2 million tonnes of wheat, 2.99 million tonnes of barley, and 2.24 million tonnes of corn.
As of October 7 of this year, 87,800 tonnes of flour have also been exported.
As reported, with reference to the ministry, Ukraine in the 2018/2019 agri-year exported a record 50.4 million tonnes of grain, legumes and flour, which is 23% more than in the previous agri-year.

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GENERALI OFE INCREASES STAKE IN UKRAINIAN EGG PRODUCER

Generali OFE has increased its shareholding in the holding company of Ovostar Union, a leading egg producer in Ukraine, from 9.94% to 10.93% after the deal signed on October 3, 2019.
According to a report of Ovostar posted on the Warsaw Stock Exchange (WSE) on Tuesday, before increasing its share in the share capital, Generali OFE owned 596,509 shares of Ovostar Union, after – 655,909.
The holding company of the group is Ovostar Union N.V. In the middle of June 2011, it conducted an IPO for 25% of the shares on the WSE and raised $33.2 million. The majority stake in the company is owned by Prime One Capital Limited, which is controlled by its chief executive officer Borys Belikov and Board Chairman Vitaliy Veresenko.

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UKRBUD DEVELOPMENT CHANGES OWNERS

Ukrbud Development LLC, part of the Ukrbud state-owned construction corporation (Kyiv), has changed the list of founders in the unified public register of legal entities and private entrepreneurs.
According to the register, as of October 7, 2019, the owners of Ukrbud Development LLC are Yevhen Dikin and Vasyl Poliovy with equal shares of 50% in the charter capital.
Oleh Maiboroda remained the head of the enterprise.
According to the public register, Poliovy is a co-owner of Khmilnytsia Zernotrade LLC, which is engaged in providing warehouse services and servicing the Serpen Garden Society cooperative, which main activity is the complex maintenance of facilities.
At the same time, according to the public register, Dikin holds the position of the head of Building Group Plus LLC, specializing in the wholesale trade of timber, construction materials and sanitary equipment.
As reported, former MP Maksym Mykytas has left construction business and is no longer the owner of Ukrbud Development LLC, Maiboroda said in September. He said that the managers of the company would not change, while management will be carried out by the board of directors.
Ukrbud Development LLC was established in 2004 and is engaged in the development and support of Ukrbud state-owned corporation projects.

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WEEKLY CHANGES IN PETROL PRICES IN UKRAINE

The average retail price of A-92 and A-95 petrol slightly fell from September 30 to October 7, by 0.11% and 0.03%, respectively.
The retail price of A-95+ petrol did not change, according to Kyiv-based A-95 Consulting Group.
The average retail prices of diesel fuel fell by 0.14%, while the price of LPG dropped by 0.24%.
Changes in average retail prices of fuel in Ukraine, UAH per liter:

©Source: A-95 Consulting Company

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MOLDOVA DENIES INFORMATION ABOUT OPENING CRIMINAL PROCEEDINGS AGAINST UKRAINIAN COMPANY FARMAK

The National Anticorruption Center of the Republic of Moldova has denied information spread by a number of mass media about the opening of criminal proceedings against Farmak pharmaceutical company (Kyiv) in connection with its participation in tenders for the purchase of insulin. The press service of the company said, with reference to official information from the Moldovan agency, no criminal proceedings were opened against Farmak in connection with its participation in public tenders in Moldova on November 30, 2018 for the purchase of insulin analogues in the framework of the National Program for Diabetes Prevention and Treatment for 2019.
Farmak called on all media that disseminated false information about its participation in criminal proceedings in the Republic of Moldova with a request to refute this information as false and harmful to the business reputation of the company, the statement said. In addition, the company asked mass media representatives to always contact it for official comments to verify any information about Farmak.
PJSC Farmak is one of the three leaders in the pharmaceutical industry of Ukraine. It is a member of the Manufacturers of Medications of Ukraine Association. The beneficiary of the company is head of the supervisory board Filia Zhebrovska.

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AUSTRIA’S HOLSO GMBH PROPOSES TO BUILD ROADS FROM CLAY IN UKRAINE

Austria’s Holso GmbH has proposed to build roads from clay in Zakarpattia and the first experimental kilometer of the clay road will be built between the settlements of Danylove and Oleksandrivka (Khust district) in October 2019.
As reported on the website of the Zakarpattia Regional Administration, such an agreement was reached by the head of the Regional Administration Ihor Bondarenko and representatives of Holso GmbH during the meeting.
According to the representatives of the Austrian company, the warranty service life of clay roads is 10 years. Its cost is five to six times less than asphalt roads. Currently, 50 countries are already using this technology.
“I see no obstacles not to use this unique technology in Zakarpattia. If it proves effective, it will speed up the construction of roads in the region several times. Our region will be an example for the entire country in this issue. I think this idea is very useful, because it combines a reasonable price and high quality. I can assure you: you will have the full support of the regional administration in the implementation of this project,” the press service said, citing Bondarenko.
In addition, Mykhailo Popovich, the head of the Automobile Road Service in Zakarpattia region, who was present at the meeting, said that the technology had already been tested at an expert institute. According to him, it is possible to build roads in this way in any weather, and the clay road can also be used as a basis for asphalt concrete.
“In our region, the use of this technology can significantly accelerate the construction of roads, especially rural and forest roads,” he added.

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