Business news from Ukraine

Business news from Ukraine

Dynamics of changes in discount rate of NBU – from 2013 to April 2024

Dynamics of changes in discount rate of NBU – from 2013 to April 2024

Source: Open4Business.com.ua

Arricano paid almost UAH 82 mln in taxes and fees to budgets in first half of year

Arricano Real Estate PLC (Cyprus), a leading Ukrainian shopping center developer, paid UAH 81.6 million in taxes and fees to the budgets of all levels in the first half of 2024, and transferred more than UAH 2.5 million in charitable assistance, the company’s press service reports.
“Despite the pressure of law enforcement agencies on Arricano Real Estate PLC’s business in Ukraine in 2023-2024, the leading developer of shopping malls does not lose faith in justice and victory of Ukraine and continues to reinvest in the development of its four shopping malls, the restoration of the Sun Gallery shopping mall (after a missile attack) and the construction of the Lukianivka shopping mall, work in frontline cities, create jobs and pay taxes and fees to the state budget of Ukraine,” the company said in a release.
It is noted that the group’s companies continue to systematically support the Ukrainian defense forces and help the military, charities and public organizations. Since the beginning of the year, the amount of financial assistance has amounted to more than UAH 2.5 million.
Investments in the renovation of frontline shopping malls and the restoration of the Sun Gallery shopping mall, which was damaged by a missile attack on Kryvyi Rih in January 2024, have amounted to about UAH 51 million as of today. The release emphasizes that it took less than a month to reopen some of the stores and facilities of the Sun Gallery shopping mall. Currently, the shopping center has 74 operators, and this number continues to grow.
In the first half of the year, 84 stores and establishments with a total area of 25.4 thousand square meters were opened and renovated in Arricano shopping malls.
As reported, on June 17, 2024, at the request of the prosecutor of the Kyiv Regional Prosecutor’s Office, the investigating judge of the Solomianskyi District Court of Kyiv seized the accounts of Prisma Alpha LLC and Livoberezheinvest PrJSC, which manage CITY MALL (Zaporizhzhia) and RayON shopping mall. Later, on July 25, 2024, the Solomyansky District Court of Kyiv decided to cancel the arrest of the RayON shopping center imposed in October 2023, recognizing the prosecutor’s arguments as insufficient.
Arricano Real Estate Plc specializes in the construction of shopping malls and is one of the leading developers in the Ukrainian real estate market. The company owns and operates five shopping centers in the country with a total area of 147.6 thousand square meters: RayON and Prospekt in Kyiv, Sun Gallery in Kryvyi Rih, and City Mall in Zaporizhzhia. The company also owns 49.9% in Sky Mall (Kyiv) and land plots for further construction of three projects that are currently under design. The company is also engaged in the construction of the Lukianivka shopping center in Kyiv.
According to Opendatabot, Arricano Real Estate Plc’s revenue for 2023 amounted to UAH 36 million 155.9 thousand, which is 52.8% higher than in 2022, while net profit increased 2.28 times to UAH 7 million 167.7 thousand.

Ukraine exported 64.4 mln tons of cargo during year of operation of sea corridor – Ministry of Reconstruction

During the first year of operation of the Ukrainian Sea Corridor, 64.4 million tons of cargo were transported, including 43.5 million tons of grain.
At the same time, 2,379 vessels used the “sea corridor” during this period, exporting products to 46 countries, the press service of the Ministry of Community Development, Territories and Infrastructure (Ministry of Reconstruction) reported on Friday.
“A strategic necessity for our country, which, despite all the risks, has shown its own alternative shipping route, is another step towards victory over Russia. Summarizing the results of the first year of operation of the temporary sea route, we thank those who made it possible – the Security and Defense Forces and civilian fleet workers,” the Ministry’s press service said on Facebook.
On August 16, 2023, the first vessel to use the sea route, commonly known as the “Ukrainian Corridor,” was the German container ship JOSEPH SHULTE, which had been blocked in the port of Odesa since the beginning of the full-scale invasion, the Ministry’s press service reminded.
According to the infographics of the Sea Ports Authority, in the second month of the corridor’s operation in September 2023, only 245 thousand tons of cargo were exported, including 34 thousand tons of grain, but in October the cargo turnover reached 1.4 million tons (582 thousand tons of grain cargo), in November – 2.9 million tons (1.14 million tons), in December – 4.9 million tons (1.89 million tons). In January 2024, cargo turnover reached 4.44 million tons (1.87 million tons of grain), in February – 5.2 million tons (2.65 million tons), in March – 5.14 million tons (2.57 million tons), in April – 5, 1 million tons (2.59 million tons), in May – 5.04 million tons (2.24 million tons), in June – 3.67 million tons (1.89 million tons), in July – 3.45 million tons (2 million tons), for two weeks of August – 1.73 million tons (938 thousand tons). t). t).
“The best greeting to the anniversary will be further development and support of the maritime infrastructure. This year, container traffic to the ports of Odesa and Chornomorsk has been restored. Further plans are to restore ferry service to seaports and involve seaports in the Mykolaiv region as soon as the security situation allows,” the Ministry of Reconstruction said in a statement.
Earlier, the spokesperson for the Ukrainian Navy, Captain Dmytro Pletenchuk, told Freedom TV channel that 2300 vessels used the grain sea corridor over the year and transported more than 60 million tons of cargo.
According to him, the “grain corridor” is actively used by European countries, with Spain and the countries of the global South leading the way.

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“Slavic Wallpaper-KFTB” increased its wallpaper production by 7%

JSC Slavic Wallpaper-KFTB (Koryukivka, Chernihiv region), a leading Ukrainian wallpaper producer, produced 9.9 million conventional pieces of wallpaper in January-July 2024, up 6.8% year-on-year.
According to statistics provided by UkrPapir Association to Interfax-Ukraine, the company’s production growth rate slowed in the first seven months of the year compared to the same period last year, which was 8.9% in the first half of the year.
At the same time, in monetary terms, the factory’s production volume in January-July increased by 5.3% to UAH 757.6 million.
In July, the company produced 1.57 million units of wallpaper, which is 3% less than in July 2023 and 8% less than in June this year.
The EBA has no data on the total production of wallpaper in Ukraine in January-July 2024, as the State Statistics Service has stopped providing it.
As reported, in 2023, Slavic Wallpaper-KFTP increased its wallpaper production by 19% compared to 2022, to 16.2 million meters, while production increased by 38.2% to UAH 1 billion 249 million, and net profit increased almost eightfold to UAH 47.7 million.
Earlier, the company noted that as a result of Russian aggression, sales volumes, especially through retail channels, had significantly decreased.
JSC Slavic Wallpaper-KFTB produces more than 10 types of wallpaper from the economy segment (paper, duplex, acrylic) to premium wallpaper (vinyl, non-woven, hot stamped).
In addition, the factory produces its own latex, water-dispersion paint under the Latex brand.

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Over 45 thousand children in Ukraine live in families of guardians – Ministry

Three out of four orphans and children deprived of parental care in Ukraine live in families of guardians, or more than 45,000 children, the Ministry of Social Policy of Ukraine reported on Friday.

“This form of family care is the most common in Ukraine. It is usually arranged by relatives or friends of the child. The difference between guardianship and custody is that guardianship is established over children under 14 years of age, and custody is established over children from 14 to 18 years of age,” the statement said.

The Ministry emphasizes that if a child is left without parental care, there is no need to wait for the child to be granted orphan status or deprived of parental care to take him or her into a family. “Relatives or friends can use the mechanism of temporary placement and immediately take the child to their homes. Then they can apply for child status and guardianship,” the agency said.

During a full-scale war, the procedure for establishing guardianship or custody was simplified for relatives. “During martial law, a relative or godparent who baptized a child before he or she was left without parents must submit with the application: a copy of the passport, documents confirming family ties with the child, a certificate from a narcologist and psychiatrist, a certificate of presence/absence of a criminal record,” the agency said.

It is also emphasized that guardianship is not equal to adoption. “Adoption is a family for a child forever, and the rights of an adopted child are equal to the rights of a biological child,” the statement said.

According to the State Service for Children’s Affairs Facebook page, adoption during martial law is also possible.

“But, of course, there are exceptions. In particular, those with health problems (including mental health), alcohol and drug addiction, who do not have a permanent place of residence and permanent income, and who have a criminal history cannot adopt a child. The full list is set out in Article 212 of the Family Code of Ukraine. The presence of at least one of the factors in the wife or husband may cause a refusal to adopt,” the statement said.

In addition, the adopter must be over 21 years old. An exception is possible only for a relative of the child.

“First and foremost, we must take into account the rights and needs of the child who may be adopted. The principle of child-centeredness is fundamental in our work. That is why local services for children thoroughly check the documents of candidates for adoptive parents to make sure they can be admitted to the adoption process,” said Petro Dobromilsky, Head of the State Service of Ukraine for Children.

Second fight between boxers Usyk and Tyson Fury is scheduled for December 21

The repeat fight between boxers Oleksandr Usyk (Ukraine) and Tyson Fury (UK) will take place on December 21 in Saudi Arabia, the head of the Saudi Arabian General Authority for Entertainment Affairs, Turki Al-Al-Sheikh, has confirmed.

“Fury vs. Repeat… 21-12-2024,” Al-Ash-Sheikh wrote on Friday on the social network X.

As reported, on May 19, Usyk defeated Fury in the first-ever fight for the title of absolute world heavyweight champion in the four-belt era. Usyk defended the WBA, WBO, and IBF championship belts and took away the WBC title that belonged to Fury.

Already on May 21, promoter Frank Warren confirmed that Fury intends to rematch with Usyk after losing the fight for the absolute world heavyweight champion.

Against Fury, Usyk will defend his newly acquired WBC belt, which has belonged to the Briton since the beginning of 2020. He will be defending his WBA and WBO titles for the third time after moving up to the super-heavyweight category.

The IBF belt, which Usyk won in his first fight with Anthony Joshua, will be stripped from the Ukrainian because he failed to defend it in time as required by the organization. Filip Hrgovic of Croatia and Daniel Dubois of the United Kingdom will compete for the vacant title.

Until now, Usyk has only once made immediate rematches in professional boxing – against Anthony Joshua in the heavyweight division. The first fight in 2021 ended in a unanimous decision in favor of the Ukrainian, and the second fight in 2022 was a split decision.

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