Business news from Ukraine

Business news from Ukraine

COMPANIES FROM AUSTRIA WANT TO ACQUIRE CONTROL OVER YUG-CONTRACT

The Anti-Monopoly Committee of Ukraine (AMCU) is taking a decision if to permit GEN.Holding GmbH and VAMA Holding GmbH Austrian Companies to acquire control over Yug-Contract Group Ltd. (Cyprus).
The respective issue was put onto commission’s agenda on July 25. However, no decision over this issue has been announced yet.
According to the open sources, GEN Group Ltd owned by Foxtrot Group of Companies Director General Hennadiy Vykhodtsev is 100% shareholder of GEN. Holding GmbH. Meanwhile, VAMA Group Ltd. owned by another director of Foxtrot Group Valeriy Makovetsky is 100% shareholder of VAMA Holding GmBh.
Yug-Contract Group was based in Yalta in 1994. The company distributes items of IT and consumer electronics.
In 2009, Yug-Contract united with Foxtrot-IT and now has a multi-product portfolio.

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UKRAINE REMAINS 13TH IN WORLDSTEEL RATING IN JUNE

Ukrainian metallurgical enterprises in June 2019 reduced steel production by 3% compared to the same period in 2018, to 1.659 million tonnes, thus remaining on the 13th position in the ranking of 64 major global manufacturers of these products, compiled by the World Steel Association (Worldsteel). An increase in steel production in half of the top ten countries, except for South Korea, Russia, Germany, Turkey and Brasil, was recorded in June 2019 compared to June 2018.
The top ten producer countries in June are as follows: China (87.533 million tonnes, an increase of 10%), India (9.336 million tonnes, an increase of 4%), Japan (8.789 million tonnes, an increase of 0.4%), the United States (7.276 million tonnes, an increase of 3.1%), South Korea (5.958 million tonnes, a decrease of 2.6%), the Russian Federation (5.875 million tonnes, a decrease of 2.6%), Germany (3.405 million tonnes, a drop of 5.8%), Brazil (2.823 million tonnes, a decrease of 3.1%), Turkey (2.698 million tonnes, a decrease of 11%), and Iran (2.165 million tonnes, an increase of 6.1%).
They are followed by Italy (2.086 million tonnes, a drop of 2.5%), Taiwan (China, 1.960 million tonnes, a decrease of 0.3%) and Ukraine (1.659 million tonnes, a drop of 3%).
Overall, in June 2019, 64 countries produced 158.978 million tonnes of steel, which is 4.6% more than in June 2018.
Through January-June 2019, sixty-four countries produced 925.064 million tonnes of steel, which is 4.9% more than in the same period last year.

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PARIS HILTON PLANS TO BUY HEALTH RESORT COMPLEX IN UKRAINE

Paris Hilton, the celebrity hotel heiress, is negotiating to buy Derenivska Kupil, a late 17th-century health resort complex located in the foothills of the Carpathians, 25 km east of Uzhgorod. “A deal is expected to be closed by the end of the summer,” reports Ukrinform.
The fairy tale castle setting would host “international beauty contests” sponsored by Paris Hilton.
The American entrepreneur found out about the Zakarpattia resort in April 2018, when she performed as a DJ at the opening of the Grand Hotel in Lviv, 250 km north of Derenivska Kupil.

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DYNAMO KYIV WIN UKRAINIAN SUPER CUP

Dynamo Kyiv have won the Ukrainian Super Cup 2-1 in a match with Shakhtar Donetsk in Odesa on Sunday, July 28;
In the last minutes of the first haDynamo Kyiv win Ukrainian Super Cup
KYIV. July 29 (Interfax-Ukraine) – Dynamo Kyiv have won the Ukrainian Super Cup 2-1 in a match with Shakhtar Donetsk in Odesa on Sunday, July 28;
In the last minutes of the first half, the Miners took the lead due to a precise strike by Alan Patrick from Brazil. At 80′, Dynamo managed to equalize thanks to central defender Mykyta Burda following a corner. And three minutes after Uruguayan footballer de Pena’s pass, Dynamo’s midfielder Denys Harmash played well in advance and made his team the winner.
Now the number of Dynamo’s wins in the Ukrainian Super Cup equals Shakhtar’s – eight.
The Ukrainian Super Cup has been played since 2004. The champion and winner or finalist of the Ukrainian Cup are fighting for it.
lf, the Miners took the lead due to a precise strike by Alan Patrick from Brazil. At 80′, Dynamo managed to equalize thanks to central defender Mykyta Burda following a corner. And three minutes after Uruguayan footballer de Pena’s pass, Dynamo’s midfielder Denys Harmash played well in advance and made his team the winner.
Now the number of Dynamo’s wins in the Ukrainian Super Cup equals Shakhtar’s – eight.
The Ukrainian Super Cup has been played since 2004. The champion and winner or finalist of the Ukrainian Cup are fighting for it.

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U.S. AND UKRAINE CONTINUE TO PREPARE VISIT OF UKRAINIAN PRESIDENT TO UNITED STATES

The United States and Ukraine continue to prepare for the visit of President of Ukraine Volodymyr Zelensky to the United States, Kurt Volker, the Special Representative of the U.S. State Department for Ukraine Negotiations, said. “We are working on President Zelensky visit to the White House,” Volker said at a briefing in Kyiv on Saturday.
As reported, on July 25, U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky during a telephone conversation agreed to substantively discuss practical issues of Ukrainian-American cooperation during the visit of the Ukrainian head of state to the United States.

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UKRAINE GETS PERMISSION TO EXPORT DAIRY PRODUCTS TO JAPAN

Ukraine has been included in the list of countries from which exports of milk and dairy products (including butter and cheese) to Japan are allowed.
The relevant information is posted on the website of the State Service of Ukraine on Food Safety and Consumers’ Rights Protection.
In addition, requirements for exports of milk and/or dairy products to Japan are available on the website of the agency.
As reported, at the end of June 2019, the State Service of Ukraine on Food Safety and Consumers’ Rights Protection and the competent authority of Saudi Arabia agreed on the form of an international veterinary certificate for exports of milk and dairy products to the Kingdom of Saudi Arabia.

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