Business news from Ukraine

Business news from Ukraine

Ukrainian corporation Biosphere wants to buy major distributor of household and hygiene products

Biosphere Corporation, Ukraine’s largest manufacturer and distributor of household and hygiene products, may acquire Service Pro LLC (Dnipro), which called itself the largest distributor of household and hygiene products in Ukraine in its 2020 report.

According to the Antimonopoly Committee of Ukraine on its website, it has granted Biosphere permission to purchase over 50% in the capital of Service Pro LLC.

According to Opendatabot data, the ultimate beneficial owner of the LLC with authorized capital is Tetyana Korotash. The company in 2022 reduced its revenue by 33.9% to UAH 2 billion 14.02 million, and its net loss amounted to UAH 21.60 million compared to UAH 103.87 million net profit a year earlier. The LLC had assets of UAH 1.18 billion at the end of 2022.

In the report for 2020, when revenue amounted to UAH 2 billion 712.20 million and net profit of UAH 153.78 million, Service Pro indicated that it represented three main business lines: household goods – the largest selection of products for cleaning in and outside the house, for cooking; personal care products – wet wipes, cotton hygiene products, cosmetic products, intimate hygiene products, paper products and decor; and products for professional use.

In the assortment range of the enterprise there were almost 1000 items of goods, sold both in Ukraine and exported to 30 countries of the world.

“Our ambition is to become the largest manufacturer and distributor of household and hygiene products in Europe, as well as in the perspective of 5 years to enter the markets of North and South America”, – stated then “Service Pro”.

Biosphere Corporation has been operating in Ukraine for more than 25 years. Its products are represented on the markets of 30 countries in Europe and Asia. The product portfolio includes more than 2 thousand items under 13 trademarks “Freken Bok”, Smile, Selpak, Vortex, Novita, PRO service, “LayKit”, Bambik and others.

The corporation’s capacities are represented by four plants with a total production area of 35 thousand square meters in Dnepropetrovsk, Kiev and Khmelnitsky regions, open production in Ternopil, as well as logistics complexes with an area of 30 thousand square meters. m.

The KPD plant in Dnipro, the largest production and logistics complex of the corporation with an area of 34 thousand square meters, produces garbage bags and wet wipes.

Together with the French Groupe Lemoine, Biosphere also owns a plant in Estonia for the production of cotton products with an area of 8.5 thousand sq. m. ADB

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Bureau of Economic Security returned over UAH 2 bln to state in 2023

In 2023, the Bureau of Economic Security (BES) reimbursed UAH 2.2 billion to the budget and transferred property worth UAH 43.7 billion to the ARMA, said Serhii Kryvun, head of the BES Main Detective Unit.

“As for state expenditures for the maintenance of the Bureau of Economic Security, they amounted to UAH 757 million in 2023. In its turn, during pre-trial investigations in criminal proceedings, the Bureau compensated damages worth over UAH 2.2 billion and seized property of companies and individuals worth over UAH 43 billion. This property has been transferred to the ARMA,” he said in an interview posted on the BES Telegram channel on Saturday.

He named the three most high-profile cases of the BES. “This is the case of Dmytro Firtash. Officials of a number of regional gas companies caused losses to the gas transmission system operator in the amount of more than UAH 4.2 billion in 2021,” Kryvun said.

“The next case we can talk about is the case related to the activities of Ukrtatnafta. It was established that during 2022, since the full-scale invasion, the company’s officials had been abusing their official position and evading taxes. The fact of embezzlement of imported oil resources – Azerbaijani oil – worth more than UAH 2 billion was also established,” added Kryvun.

Another high-profile case, according to him, “is the proceedings in which the clandestine production of consumer goods was discovered in Mezhyhiria Park. Among them were household chemicals and food… During the pre-trial investigation, the circle of people who organized this production was established.”

According to the BES representative, there were also a number of high-profile cases involving the importation of branded goods and cars that were declared as humanitarian aid or aid to the Armed Forces and then appeared on open sale, for example, through OLX.

Avalanches likely to occur in Carpathians on Sunday and Monday

On Sunday and Monday, a significant avalanche hazard is expected in the highlands of Ivano-Frankivsk and Zakarpattia regions, the State Emergency Service warns.

“On February 4-5, a significant avalanche hazard (level 3) is expected in the highlands of Ivano-Frankivsk region, and on February 5, due to the expected thaw and precipitation (wet snow and rain), in the highlands of Zakarpattia region,” the State Emergency Service said in a message posted on its telegram channel on Sunday.

The State Emergency Service asks to refrain from hiking in the mountains these days.

Rain and sleet in Kyiv on Monday and Tuesday

On Monday, February 5, in Ukraine, sometimes rain and sleet, according to the Ukrainian Weather Center.

West, northwest wind, 7-12 m / s, in Ukraine, except for Transcarpathia, gusts of 17-22 m / s, in the west and south during the day in some places 25 m / s.

Temperatures at night will be from 4° C to 1° C; during the day – 2-7° C, in Transcarpathia and in the south – 6-11° C.

In Kyiv on Monday, sometimes rain and sleet. Northwest wind, 7-12 m / s, gusts of 17-22 m / s. The temperature will be 1-3° Celsius at night and 4-6° Celsius during the day.

According to the data of the Borys Sreznevsky Central Geophysical Observatory. On February 5, the highest daytime temperature in Kyiv was 10.1° in 2002, and the lowest nighttime temperature was -26.0° in 1893.

On Tuesday, February 6, in the western regions, at night and on the Left Bank, during the day also in the northern and most central regions of Ukraine, there will be wet snow and rain, in the rest of the territory without significant precipitation.

West wind, 7-12 m / s, in the western and southeastern regions gusts of 15-20 m / s in some places.

The temperature at night will be from 3° C to 2° C; during the day 1-6° C, in the southwestern regions 6-11° C, in the eastern and northern regions about 0°.

In Kyiv, on Tuesday, no significant precipitation at night, rains and sleet during the day. West wind, 7-12 m/s. The temperature will be 1-3° Celsius at night and during the day.

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Exports through Ukrainian Sea Corridor reached 20 mln tons

Since August 2023, the Ukrainian Sea Corridor, created by the Ukrainian Navy, has exported almost 20 million tons of products, including 14.3 million tons of agricultural products, the Ministry of Communities, Territories and Infrastructure reported, citing data from Deputy Prime Minister for Reconstruction of Ukraine Oleksandr Kubrakov.

“During the six months of the Ukrainian corridor’s operation, 661 vessels exported more than 20 million tons of cargo to 32 countries,” the Ministry said in a Facebook post on Saturday.

In January, 6.3 million tons were exported from the ports of Greater Odesa, almost equal to the pre-war level, the report says.

Another 104 ships are expected to arrive, which should export more than 3 million tons of cargo.

Earlier it was reported that exports through the Ukrainian sea corridor reached 15 million tons. Exports via the new Ukrainian corridor amounted to 6.08 million tons in September-November: 0.28 million tons in September, 2 million tons in October, and 3.8 million tons in November. The Ministry had predicted that in December exports could reach 5 million tons, but according to Kubrakov, in December they were close to 7 million tons.

It was noted that in November, the number of vessels increased to 110 from 52 in October and 5 in September, and the total for the three months was 167.

In the Black Sea Grain Initiative (BSGI), which operated earlier, the peak ship passages were 176-180 per month in September-October 2022, and exports were 3.8-4.2 million tons per month.

Financing state budget deficit, bln UAH

Financing state budget deficit, bln UAH

Source: Open4Business.com.ua and experts.newsC