Business news from Ukraine

Business news from Ukraine

Ukraine is again hot, on Sunday in some regions up to 36 ° in some areas

In the western and northern regions of Ukraine on Sunday, August 27, in some places there will be short-term rain, thunderstorms, in the rest of the country without precipitation.

Wind of variable directions, 3-8 m / s.

Temperature at night will be 16-21°, up to 24° on the coast; during the day 29-34°, in the southwestern regions up to 36°, in the eastern and Sumy regions 26-31°; in the Carpathians at night 11-16°, during the day 23-28°.

In Kyiv, no precipitation on Sunday night, short-term rain during the day. Wind of variable directions, 3-8 m / s. The temperature at night will be around 20°, during the day 30-32°.

According to the Borys Sreznevsky Central Geophysical Observatory. On August 27, the highest daytime temperature in Kyiv was 33.3 in 1943, and the lowest nighttime temperature was 6.4 in 1973.

On Monday, August 28, in Ukraine, except for the eastern regions and Crimea, there will be short-term rain and thunderstorms in some places.

Wind of variable directions, 3-8 m / s. The temperature at night will be 18-23°, during the day 31-36°, in the eastern and northeastern regions 24-29°.

In Kyiv on Monday, in some places there will be short-term rain, thunderstorm. Wind of variable directions, 3-8 m / s. The temperature will be 20-22° at night, 33-35° during the day.

Alexander Usik knocked out Briton Dubois in 9th round

Ukrainian boxer Alexander Usik with the help of technical knockout defeated the British Daniel Dubois and retained the titles of the leading boxing organizations of the planet, reports “Suspilne. Sport”.

Already in the opening round, Dubois missed a jab from Usik with a right hand, which became the main highlight of the first three minutes of the fight.
Another jab from Usik “found” his opponent in the second round. The Ukrainian missed a kick to the thigh, which was signaled by the referee.

The initiative in Wroclaw remained with Usik, who realized his speed advantage over his opponent.
The fight was suspended in the fifth round due to the referee’s recording of Dubois hitting the Ukrainian below the belt. After taking a few minutes to recover, Usik resumed the fight and before the end of the round he delivered one of the most powerful left punches of the evening.

At the equator of the fight Dubois continued to work on his opponent’s body. The seventh round ended with a series of punches from Usik, who briefly pinned the Briton to the ropes.

In the last seconds of the eighth round, Dubois was knocked down for the first time. After a combination of punches from the Ukrainian, the challenger took a knee and managed to get up, after which the bell rang.

The fight was brought to a close by Dubois’ knockdown in the ninth round after a powerful right hand from the Ukrainian. The judge signaled an early knockout in favor of the Ukrainian.

The fight took place in Wroclaw, Poland. Five of Usyk’s belts were at stake, including three major titles (WBA, WBO, IBF) in the heavyweight division.

Lithuania transfers new military aid package worth 41m euros to Ukraine

Lithuania has transferred a new military aid package worth 41 million euros to Ukraine, the Lithuanian Defense Ministry said on Thursday.

According to the Defense Ministry, the package includes Carl Gustaf ammunition, rifles, maritime surveillance radar kits, 5.56 mm caliber ammunition, generators, and antidrones, among others.

NASAMS rocket launchers will also be transferred to Ukraine.

“Lithuania’s contribution to Ukraine’s freedom struggle has already amounted to millions of rounds of ammunition and thousands of weapons, and in return, valuable lessons have been learned and Lithuania’s defense has been strengthened. Lithuania continues to provide unwavering support to Ukraine, which today celebrates the 32nd anniversary of its independence, and the total amount of military assistance provided to Ukraine since the beginning of the war has already exceeded half a billion euros,” the press release quoted Lithuanian Defense Minister Arvydas Anušauskas as saying.

According to the Defense Ministry, in the first seven months of this year, Lithuania supplied Ukraine with Mi-8 helicopters, L-70 anti-aircraft guns with ammunition, M113 armored personnel carriers, millions of rounds of ammunition, and ammunition for grenade launchers.

“Lithuania also provides expert advice, contributes to international funds to support Ukraine, contributes to the training of Ukrainian soldiers, holds courses for them, and Lithuanian military instructors participate in Operation Interflex, during which, together with other NATO allies, train Ukrainian soldiers in the subtleties of combat,” the ministry said in a statement.

The ministry also noted that medical and rehabilitation institutions of the country had received about 200 wounded Ukrainian servicemen and planned to receive more.

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Dnepropetrovsk Aggregate Plant increased net income by 46%

Dnipropetrovsk Aggregate Plant JSC (DAZ, Dnipro) increased net income from product sales by 46.1% in January-June 2023 compared to the same period of 2022 – almost to UAH 132 million.

According to the company’s interim statements released on Thursday in the information disclosure system of the National Securities and Stock Market Commission (NSCMC), its net profit increased by 8.3% to UAH 33.83 million.

The plant earned UAH 52.63m in operating profit (up 19.6%), while gross profit amounted to UAH 72.33m (+15%) during the reporting period.

As reported, in the first quarter of this year DAZ reduced net profit by 23.6% to January-March 2022 – to UAH 14.06 mln, while net income grew by 8% – to UAH 55.47 mln.

Thus, in the second quarter of 2023 the plant increased net profit by more than 54% to the same period of 2022 – up to UAH 19.77 mln, and net income – by 96.3%, up to UAH 76.52 mln.

One of the key factors of development in 2023, according to the previously announced plans of DAZ, the company considers the expansion of the order portfolio by 1.5 times by 2022.

At the same time, the report notes that the main risk factors for the company remain the military aggression of the Russian Federation against Ukraine, which resulted in instability of the production process; high transportation costs in case of failure of delivery terms; high interest rates on loans, etc. The report also notes that the main risk factors for the company are the military aggression of the Russian Federation against Ukraine, which resulted in instability of the production process.

DAZ is an enterprise with many years of experience in manufacturing aircraft products, as well as hydraulic equipment for mines and general technical products (fuel and other liquid pumps).

Most of the products are sold in Ukraine, but in recent years supplies to EU countries have grown significantly.

According to the data of the National Commission on Securities and Stock Market for the second quarter of 2023, the head of DAZ JSC’s nabsovet Eugene Morozenko owns 37.9466% of the authorized capital, board member Andriy Yatsuba and shareholder Volodymyr Yatsuba – 19.1847% each.

As reported, in 2022 the plant received UAH 36.72 mln of net profit – 15.6% more than a year earlier, while net income grew by 1.4% to UAH 175.56 mln. The profit received was used for the development of production.

All-Ukrainian Association of Bakers, Union “Mukomols of Ukraine” and “Ukrhlebprom” ask NABU to drop charges against Taras Vysotskyy

The All-Ukrainian Association of Bakers, the Union “Mukomols of Ukraine” and the Association of bakery enterprises “Ukrkhlebprom” appealed to law enforcement authorities and the National Anti-Corruption Bureau of Ukraine (NABU) with a request to stop the prosecution of the First Deputy Minister of Agrarian Policy and Food Taras Vysotsky and to drop charges against him for using his official position during the state procurement of products in March-April-2022.

“We convincingly ask the leadership of law enforcement agencies, primarily the NABU, to objectively consider all the circumstances and facts, make the right conclusions and stop the prosecution of one of the most decent and professional officials”, – stated in the available “Interfax-Ukraine” appeal of three business associations, uniting the majority of producers of bakery products, flour, cereals and pasta.

The business associations expressed surprise at Vysotskyy’s notification of suspicion of committing a criminal offense under part 2 of Article 364 of the Criminal Code of Ukraine (use of official position to obtain an unlawful benefit for a legal entity contrary to the interests of the service) and assured law enforcement agencies that in this case there was an unfortunate mistake.

“We, as producers of essential products, remember well those extra difficult times of the beginning of the full-scale war with the Russian invaders, which stood on the outskirts of the capital, when it was a question of survival and ensuring food security of the state. A huge role in this process was played by the leadership of the relevant ministry, and first of all by T.M. Vysotsky, because it was thanks to his honest and highly professional actions to manage and coordinate the activities of the industry that it was possible to avoid interruptions and abuses in the supply of food to the population and the AFU”, – said public organizations.

They called the accusations against Vysotskyy groundless and asked law enforcement agencies to carefully familiarize themselves with the position of the Ministry of Agrarian Policy and Food, which they fully share.

As reported, on 24 August, the National Anti-Corruption Bureau of Ukraine (NABU) and the Specialized Anti-Corruption Prosecutor’s Office (SAP) accused the first deputy minister of agrarian policy of Ukraine, Vysotskyy, of abusing 62.5m hryvnyas in the purchase of food products to meet the needs of the state during martial law.

The Ministry of Agrarian Policy published a statement specifying the accusation received by Vysotskyy. In March-April 2022, he allegedly coordinated invoices for regional military administrations (RMAs) for the purchase of imported durum wheat pasta from Olimp LLC and WinsideLight LLC at inflated prices, which caused damage to the state in the amount of UAH 63 million. The investigation indicates that the cost of pasta products as of March-May 2022 ranged from 33.65-36.89 UAH/kg.

“The investigation does not take into account that the State Statistics Service of Ukraine for the period of March-May 2022 provides prices for pasta from durum wheat varieties for 500 g, and the purchase of 1 kg was carried out, so the price exceeded 72 UAH/kg, which excludes damage”, – emphasized in the Ministry of Agrarian Policy and added that the said arithmetical error should be taken into account and corrected by the investigation.

In addition, the investigation was advised to take into account the existence of a public contract for the supply of food products and its terms and conditions, which were not determined by Vysotsky. The Ministry of Agrarian Policy was not a party to the contract, all contracts were agreed upon by the regional military administrations. Vysotsky, in turn, drew the attention of the OVA representatives to the need to conclude deals at the lowest possible prices.

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Interpipe Novomoskovsk Pipe Plant reduced its loss by 9 times

PJSC Interpipe Novomoskovsk Pipe Plant (Interpipe NMPP, Dnipropetrovsk region) has reduced its net loss by 8.8 times in January-March of this year compared to the same period last year – to UAH 13.248 mln.

According to the interim report of the company, the company reduced net income by 37.3% to UAH 251.985 mln during this period.

Retained earnings by the end of March 2023 amounted to UAH 200.795 million.

As reported, “Interpipe NMTZ” ended 2022 with a net loss of UAH 382.038 million, while in the previous year received a net profit of UAH 175.722 million.

“Interpipe is a Ukrainian industrial company, a manufacturer of seamless pipes and railroad wheels. The company’s products are supplied to more than 80 countries through a network of sales offices located in the key markets of the CIS, Middle East, North America and Europe.

The company has five industrial assets: “Interpipe Nizhnedneprovsky Pipe Rolling Plant (NTZ)”, “Interpipe Novomoskovsk Pipe Plant (NMTZ)”, “Interpipe Niko Tube”, “Dnepropetrovsk Vtormet” and Dneprostal electric steelmaking complex under the brand name “Interpipe Steel”.

The ultimate owner of Interpipe Limited is Ukrainian businessman Victor Pinchuk and his family members.

“Interpipe NMTZ” specializes in the production of welded pipes for the oil and gas industry, machine building, construction and other industries.

According to NDU data for the fourth quarter of 2022, Interpipe Limited (Cyprus) owns 90.3897% of the plant’s shares, while Lindsell Enterprises Limited (Cyprus) has 6.2918%.

The authorized capital of PJSC Interpipe NFTZ is UAH 50 mln, the nominal value of a share is UAH 0.25.

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