Business news from Ukraine

Business news from Ukraine

TWO INDUSTRIAL PARKS REGISTERED IN UKRAINE

The Ministry of Economic Development, Trade and Agriculture has included the Winter Sport (Vinnytsia) and Chortkiv-West (Chortkiv, Ternopol region) industrial parks in the register of industrial parks. Including in the register of these parks is stipulated in ministry orders No. 151 of October 2 and No. 152 of October 3. Winter Sport was established on a land plot of 25 hectares, its operational life is 50 years. The priority activities in the park will be production of sports equipment for winter sports, equipment for scuba diving, as well as other components, placement of warehouse and administrative premises, as well as information technology enterprises.
According to preliminary calculations, up to 1,450 new jobs can be created in the park.
According to the state register, HEAD Vinnytsia LLC with a charter capital of UAH 10,000 was registered in October 2018. Some 100% of its shares belong to HEAD Ukraine, and the ultimate beneficiaries are three non-resident individuals.
Chortkiv-West was created on a land plot of 87.684 ha, the declared term of its operation is 30 years.

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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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