Business news from Ukraine

Business news from Ukraine

“Forests of Ukraine” fulfilled planting plan by 102% this spring

The State Enterprise “Forests of Ukraine” is completing spring planting, during which it has already planted more than 113 million seedlings, which is 102% of the plan, said the company’s CEO Yuriy Bolokhovets.

“We are continuing large-scale planting in the South, where no new forests have been created for many years. The areas for reforestation in Mykolaiv region have been agreed with ecologists so as not to harm the steppe ecosystem. Among other regions, the leaders in planting were the Kyiv Forestry Office and the Polissia Forestry Office,” he wrote on Facebook.

According to Bolokhovets, in 2024, foresters are not only reforesting, but also increasing the area of new forests, in particular, reforesting areas transferred to the state enterprise by local communities as part of the Forest Recovery project.

“In total, more than 2.1 thousand hectares of new forests have been created this spring, which is more than all forestry enterprises did in the entire year of 2022,” he added.

In addition, Forests of Ukraine is increasing the production and planting of seedlings with a closed-root system (CRS), which demonstrate better survival, savings on care and allow planting larger areas with fewer resources. Prior to the reform, 1-2 million seedlings were planted with the SSS, while this year’s plan is to plant 20 million, Bolokhovets said.

“In general, the creation of high-quality planting material is turning into a promising business area for the State Enterprise “Forests of Ukraine”. According to the latest news, we are preparing about 107,500 seedlings for sale to Estonia. Our network of seed-breeding centers is expanding and increasing its capacity,” summarized the CEO of the Forests of Ukraine.

As reported, the forestry reform was launched in Ukraine in 2016. As part of it, the sale of raw wood at electronic auctions has already been introduced. Since 2021, an interactive map of wood processing facilities has been operating in a test mode in a number of regions.

The industry has implemented the Forest in a Smartphone project, which contains a list of logging tickets for timber harvesting and allows you to check the legality of logging on the agency’s online map.

On June 1, 2023, Ukraine launched a pilot for the electronic issuance of logging tickets and certificates of origin of timber. In addition, the State Enterprise “Forests of Ukraine” has launched a pilot project to procure timber harvesting services through the electronic platform Prozorro.

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“Vodafone Ukraine” resumes dividend payments

In 2023, mobile operator Vodafone Ukraine resumed paying dividends, having not paid them in 2022, according to its annual report posted on the company’s website on Tuesday.

“In 2023, the company declared dividends to shareholders totaling UAH 1.828 billion, or UAH 2.33 per share,” the report says.

It is stated that as of December 31, 2023, all declared dividends have been paid. In particular, Telco Solutions and Investments LLC received a dividend of UAH 1.810 billion on August 9, and PPT Telecom Kyiv received a dividend of UAH 18.28 million on October 26.

As noted, Vodafone Ukraine did not pay dividends to shareholders in 2022.

Earlier it was reported that in 2023, Vodafone Ukraine increased its revenue in hryvnia by 9% to UAH 21.6 billion, while reducing it in dollars by 4% to $591 million. At the same time, net profit increased 4.6 times to UAH 5.07 billion and 4.1 times to $139 million, respectively.

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“Nova Poshta” has opened its first branch in Spain

Nova Poshta has opened its first Nova Post office in Spain – in Barcelona – and plans to expand its network to Valencia, Alicante, Murcia, Malaga, Estepona and Madrid in the near future, the group’s press service said on Tuesday.

“The opening of the first branch in Spain is just the beginning. We strive to be as close to our customers as possible, so in the near future we will open another branch in Barcelona, and during the year we will actively develop a network of parcel delivery service points together with our partners,” the release quotes Nova Post CEO in Spain Alexander Pavlovsky as saying.

According to the company’s press release, Nova Post’s Barcelona branch, which operates daily, allows customers to receive and send documents, parcels and cargo up to 100 kg to Ukraine. The declared delivery time is 8 days or more.

The cost of delivery from Ukraine to Spain is: UAH 1 thousand for documents, as well as UAH 1.05 thousand, UAH 1.7 thousand, and UAH 3 thousand for parcels up to 2 kg, 10 kg, and 30 kg, respectively. When sending a parcel from 30 to 100 kg, UAH 120 is paid for each kilogram.

It is noted that in May, Nova Poshta will launch targeted services in Spain, which will allow sending and delivering cargo up to 1 thousand kg to any address in the country. Delivery by courier will cost an additional UAH 100 for shipments up to 30 kg or UAH 120 for every 100 kg.

It is specified that Nova Poshta currently has more than 35 thousand points of service for sending and receiving parcels in Europe, of which 90 are Nova Post’s own branches in 11 countries: Estonia, Poland, Lithuania, Latvia, Czech Republic, Romania, Germany, Slovakia, Italy, Hungary and Moldova.

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Tigipko’s Dneprometiz reduced profits by 2.6 times

In 2023, Dneprometiz-TAS LLC (Dnipro), owned by Ukrainian businessman Sergiy Tigipko, reduced its net profit by 2.6 times compared to 2022, to UAH 9.658 million from UAH 24.733 million.

According to the company’s annual report, net income increased by 8.2% to UAH 2 billion 677.836 million last year.

At the same time, the company’s retained earnings amounted to UAH 248.899 million by the end of 2023.

As reported, in the first quarter of 2023, Dneprometiz earned a net profit of UAH 17.581 million, while it ended the same period in 2022 with a net loss of UAH 8.645 million, and net income increased by 54% to UAH 683.802 million.

In the first half of 2023, Dneprometiz posted a net profit of UAH 17.253 million against a loss of UAH 12.346 million a year earlier, while net income increased by 15.4% to UAH 1 billion 426.222 million.

“In January-September 2023, Dneprometiz posted a net profit of UAH 22.386 million, while the company ended the same period in 2022 with a net loss of UAH 14.371 million, and net income increased by 8.3% to UAH 2 billion 42.627 million.

“In 2022, Dneprometiz reduced its net profit six times year-on-year to UAH 25.572 million, while net income increased by 1.1% to UAH 2 billion 474.397 million.

“Dneprometiz-TAS produces hardware products from low-carbon steels. The company’s annual production capacity is 120 thousand tons.

As of the third quarter of 2023, the company is owned by T.A.S. Overseas Investments Limited (Cyprus) owned 98.6578% of the shares of PJSC Dneprometiz.

According to the annual report, the general meeting of shareholders of the company held on August 4, 2023, decided to liquidate Dneprometiz PrJSC by transforming it into Dneprometiz-TAS LLC (with a change of name). The state registration of the LLC as a result of the transformation took place on December 4, 2023.

The authorized capital of Dneprometiz-TAS LLC is UAH 83.480 million.

Balanutsa dismissed from post of Ambassador of Ukraine to Kuwait – decree

Oleksandr Balanutsa has been dismissed from the post of Ambassador Extraordinary and Plenipotentiary of Ukraine to the State of Kuwait.

The corresponding decree of the President of Ukraine No. 251/2024 was published on April 30 on the official website of the President of Ukraine.

Source: https://www.president.gov.ua/documents/2522024-50513

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“Nova Poshta” to issue E and F series bonds

Nova Poshta LLC, the largest logistics operator in Ukraine and a member of the NOVA group, is issuing interest-bearing unsecured corporate bonds of series E and F.

According to the National Securities and Stock Market Commission of Ukraine (NSSMC), it registered both issues on April 26 this year.

At the same time, information on the parameters of these issues, including the volume, maturity and yield, is not yet available on the regulator’s website or on the issuer’s website.

Last year, Nova Poshta made two bond issues – “C” and “D” – each with a nominal amount of UAH 800 million. The C series bonds were issued for a 12-month term with a 24% p.a. rate, while the D series bonds were issued for a 20-month term with a 23% p.a. rate.

Earlier in February 2023, Nova Poshta redeemed the UAH 700 million of Series B bonds issued in March 2020.

According to the clarity-project, in 2023 the company increased its net profit by 85.7% to UAH 3 billion 967.2 million, and its revenue increased by 54% to UAH 36 billion 468.9 million.

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