Business news from Ukraine

Business news from Ukraine

“VUSO” will insure vehicles of Odessa ”Gorzelentrest”

The municipal enterprise “Gorzelentrest” (Odessa) has announced its intention to conclude a contract with IC “VUSO” for the purchase of compulsory insurance of civil liability of owners of land vehicles (OSAGO). According to the message in the system of electronic public procurement “Prozorro”, the price offer of the company, the only participant of the tender, amounted to UAH 567,814 thousand at the expected cost of UAH 591,780 thousand.

IC “VUSO” was founded in 2001. It is a member of ITSBU and NASU, a participant of the agreement on direct settlement of losses and a member of the Nuclear Insurance Pool.

 

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“Novaagro has attracted UAH 350 mln from Ukreximbank for sowing season

Agro-industrial group of companies Novaagro Ukraine (Kharkiv) has attracted UAH 350 million from Ukreximbank to support agricultural production, the company’s press service reported on Facebook.
“Novaagro Group of Companies continues to actively develop the agrarian direction thanks to the strategic partnership with Ukreximbank, which provided financing in the amount of UAH 350 million in the form of tranche credit lines and bill avalization limits to agricultural companies of the group,” the statement said.
The purpose of using the funds is to ensure the sowing and harvesting campaign, in particular on new areas in Kharkiv region, which became part of the group after the acquisition of assets of AgroGeneration in the fall of 2024.
Novaagro Ukraine added that the realized financing structure will allow the team to flexibly manage financial instruments in accordance with seasonal and production needs.
Novaagro Group of Companies has been operating in the Ukrainian and international markets since 2009. It consists of four operating companies specializing in trading, export of grain and oilseeds, cultivation, warehousing, production and sale of mixed fodder, wheat flour and granulated bran, chicken meat.
“Novaagro” has five elevators with a total capacity of one-time storage of more than 310 thousand tons, feed mill in Chkalovskoye (Kharkiv region), producing 200-300 tons of products per day.
According to the Unified State Register, the ultimate beneficiary of Novaagro Limited is Serhiy Polumisny.
As reported, in October, Novaagro completed the purchase of 56.9% of shares of AgroGeneration S.A., an agricultural holding company.

 

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SETAM sells instant coffee and coffee products plant in Odesa region

The Department of Enforcement of Decisions of the State Enforcement Service of the Ministry of Justice of Ukraine has put up for sale on OpenMarket a plant for the production of instant coffee and coffee products located in Chornomorsk, Odesa region.

The facility is being sold within the framework of enforcement proceedings.

The facility includes:

  • an eight-storey production building (lit. “B”) with sheds (lit. “b”, “b1”) with a total area of 7,665.5 sq.m;
  • pumping station building (lit. “B”) with a basement with an area of 76.1 sq.m;
  • fencing, gates, cooling tower, water tank, artesian well, sludge tank, manholes.

Address of the facility: 14A, Promyslova Street, Chornomorsk (formerly Illichivsk), Odesa region.

Starting price of the lot (№573261): UAH 78,484,341.

The auction is scheduled for May 12, 2025.

“We continue to provide opportunities for businesses to acquire unique industrial facilities. Our auction is not only a tool for debt repayment, but also an opportunity to give a second life to such assets,” said Roman Osadchuk, CEO of SE SETAM.

The OpenMarket auction (SE SETAM of the Ministry of Justice of Ukraine) is a simple and effective means of selling and purchasing property via the Internet. The online auction has been operating throughout Ukraine since 2014.

 

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Age-sex pyramid of population of Ukraine for 2024 (thousand people)

Age-sex pyramid of the population of Ukraine for 2024 (thousand people)

Source: Open4Business.com.ua

JTI Ukraine to pay UAH 276 mln in dividends to shareholder

Tobacco manufacturer JTI Ukraine (Kremenchuk, Poltava region), a member of the Japan Tabacco Inc. group of companies, will pay dividends of UAH 276 million, according to a decision made by the general meeting on April 10.

“Dividends are to be paid in monthly installments within six months from the date of the decision. The method of payment of dividends is directly to the shareholder by transferring these funds by the company in US dollars to the shareholder’s cash account – JT International Holding B.V. (Netherlands),” the company reported in the information disclosure system of the National Securities and Stock Market Commission (NSSMC).

It is noted that the dividend payment period is set from April 26 to October 8 this year.

The amount of dividends in foreign currency to be paid will be determined at the commercial rate of the authorized bank on the date of purchase of foreign currency. In case of payment of dividends from own funds in foreign currency, the recalculation is carried out at the official exchange rate of the National Bank of Ukraine on the date of payment.

According to the YouControl system, JT International Ukraine increased its net profit by 8.0% to UAH 981.21 million in 2024, while its revenue increased by 17.0% to UAH 6 billion 748.22 million.

JT International Holding B.V. owns 100% of the company.

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“Ukrnafta” joins UN Global Compact

PJSC Ukrnafta has joined the UN Global Compact, said Sergiy Koretsky, CEO of the company.

“An important milestone in the history of Ukrnafta – the company has joined the UN Global Compact in Ukraine, the local network of the largest global initiative that unites the world’s and Ukraine’s leading companies around common values of sustainable development,” he wrote on his Facebook page on Tuesday.

According to Koretsky, a modern company in the modern world must understand its responsibility to both society and the environment and strictly adhere to the highest standards in its work.

“The partnership with the UN Global Compact in Ukraine will help Ukrnafta to strictly follow its 10 principles to achieve the UN Sustainable Development Goals and contribute to the achievement of the 17 Sustainable Development Goals to build a strong, sustainable and responsible society,” explained the CEO, adding that these are human rights protection, fair labor principles, environmental standards and zero tolerance for corruption.

He emphasized that by doing so, Ukrnafta has once again confirmed the course it has set after the transition to state control: it operates transparently, develops international partnerships, implements the highest OECD corporate governance standards and adheres to global ESG standards.