Business news from Ukraine

Business news from Ukraine

As of October 4, Ukrainian agrarians harvested 56.6 mln tons of crops

As of October 4, farmers in all regions of Ukraine have harvested 56.6 million tons of new crops from 15.8 million hectares, compared to 50.4 million tons from 14.2 million hectares a week earlier.
As reported by the Ministry of Agrarian Policy and Food on Friday, 37.3 million tons (34.3 million tons) of grains and legumes, 15.8 million tons (13.6 million tons) of oilseeds and 3.5 million tons (2.5 million tons) of sugar beets have already been harvested.
The Ministry specified that the harvest of wheat has been completed, with 22.3 million tons harvested from 4.9 million hectares at a yield of 42.4 c/ha, barley – 5.5 million tons from 1.4 million hectares at a yield of 39.2 c/ha, peas – 465.3 million tons from 212.2 thousand hectares at a yield of 21.9 c/ha.
Corn harvesting continues, with 7.7 million tons harvested (4.72 thousand tons a week earlier) from 1.5 million hectares (37% of the plan), buckwheat – 121.8 thousand tons (115.5 thousand tons) from 84.3 thousand hectares (95%), millet – 154.8 thousand tons (147.75 thousand tons) from 84.3 thousand hectares (88%).
Ukraine continues harvesting oilseeds. In particular, 3.457 mln tonnes of rapeseed (3.4 mln tonnes a week earlier) have been harvested from 1.266 mln ha (100%), soybeans – 4.277 mln tonnes (3.5 mln tonnes) from 1.97 mln ha (74%), sunflower – 8 mln tonnes (6.659 mln tonnes) from 3.9 mln ha (79%).
At the same time, the leaders in grain harvesting are farmers in Odesa region who threshed 4.2 mln ha, Poltava region – 3.3 mln tons, and Vinnytsia region – 2.6 mln tons. In terms of yields, the leaders are the farmers of Khmelnytsky region with 64.3 c/ha, Ivano-Frankivsk region – 59 c/ha, and Ternopil region – 61.3 c/ha.

“TAS Agro” has completed harvesting of oilseeds, yield exceeded targets

TAS Agro Agro Agro Holding has completed the harvesting of oilseeds in the 2024 season from 34.1 thousand hectares, the yield exceeded the targets for 2024 and was higher than the average for Ukraine, the press service of the agricultural holding reported on its Facebook page.
According to the report, at the end of September, TAS Agro completed sunflower harvesting, harvesting more than 43.6 thousand tons from an area of 17.7 thousand hectares, and soybeans from an area of 16.4 thousand hectares weighing 37.2 thousand tons.
“This year, late summer and early fall were abnormally dry, which had a negative impact on the yield of oilseeds throughout Ukraine. Today, there is a shortage of sunflower seeds on the market, which affects price growth and the overall situation on the agricultural market. In general, we carried out our autumn field work in an extremely narrow time corridor, but we did a great job,” said Oleg Zapletnyuk, CEO of TAS Agro.
Currently, the agricultural holding continues to harvest corn and is completing the sowing of winter wheat on an area of 22.7 hectares.
In addition, in 2024, TAS Agro almost doubled its winter rapeseed sowing, from 8 to 15 thousand hectares. Winter rapeseed has already sprouted and autumn chemical protection measures are underway. The agroholding expects favorable weather and good germination of winter wheat.
Taking into account the experience of 2024, the company will continue to implement the updated strategy, providing the clusters with the necessary amount of new agricultural machinery,” TAS Agro summarized.
TAS Group was founded in 1998. Its business interests include the financial sector (banking and insurance segments) and pharmacy, as well as industry, real estate, and venture capital projects.
Before the war, TAS Agro Group cultivated 83 thousand hectares in Vinnytsia, Kyiv, Kirovohrad, Chernihiv, Mykolaiv, Sumy, Kherson, and Dnipro regions, where it grows soybeans, sunflower, rapeseed, wheat, barley, and corn. In addition, the agricultural holding is engaged in dairy farming (up to 5.5 thousand heads of cattle) and owns six elevators with a one-time storage capacity of 250 thousand tons.
The founder of TAS is Sergey Tigipko.

, , , ,

Swiss company will help with demining of Kyiv region

Swiss company LLC Global Clearance Solutions Ukraine will join the demining of territories in Kyiv region, the press service of the Kyiv Regional Military Administration (KOVA) reports.
As reported, the relevant Memorandum was signed by the head of KOVA Ruslan Kravchenko and the CEO of the Swiss company “LLC Global Clearance Solutions Ukraine” Dmitry Salimonov. This is a company by engineering and production facilities in Germany and representative offices around the world.
“After the fighting in the de-occupied territories of Kyivshchyna, there are a lot of explosive objects left. There are great dangers for the civilian population. Specialists of the State Emergency Situations Service continue demining works, but exclusively the forces of Ukrainian specialists and budget funds are not enough. Therefore, we attract certified operators, as well as funding from international partners, so that demining does not stretch for many years. Another important issue is the proper amount of professional equipment,” Kravchenko explained.
It is noted that the Swiss company provides a wide range of mine action assistance, in particular project management, consulting, survey and cleanup, capacity building, and training.

 

, ,

Galina Gerega already controls more than 50% of votes in Polish Intersport

Galina Gerega, co-founder of Epicenter K LLC (Kiev), indirectly through Epicenter K and Paravita Holding Limited (Nicosia) has obtained over 50% of votes in Intersport Polska S.A., which develops a chain of stores with the same name in Poland.
As reported by the Polish company on the Warsaw Stock Exchange on October 4, this happened after the above companies participated in the closed subscription for Intersport Polska series J shares, with Epicenter K’s share in the total number of votes exceeding 10%.
It is specified that the paid-in share capital of the Polish company amounts to PLN 8 million 274.49 thousand.
During the subscription, 12 million 655.468 thousand shares were sold to one company at a price of PLN1.0471 per share ($0.27 per share).
As reported, Gerega indirectly received 51.3% of Intersport Polska’s share capital at the end of last year within the framework of the investment agreement concluded by the Polish company with Epicenter K and Paravita Holding, but at that time her share of votes was just short of 50% – 49.94%.
The investment agreement with Epicenter K and Paravita Holding, which also operates stores under the Intersport brand in Ukraine, was concluded on April 19, 2023. The document envisaged a total investment of EUR10 million by the partner and the investor. This amount was to be used, in particular, for the development of the Polish company by opening new stores and modernizing existing ones.
On November 17, Yulia Maksymenko and Aivars Bunde, managing and commercial directors of Epicenter K LLC, a separate subdivision of Intersport Ukraine, joined the supervisory board of Intersport Polska.
Gerega at this week’s forum “Dialogues with NV on the Future. Business and War” in Kiev, said that Intersport Polska was unprofitable, it had no strategic investors, so Epicenter K, which had high indicators of the development of the Intersport project in Ukraine, was invited to cooperate.
“And we agreed to go and help realize this project,” she said, adding that this raised the image of the Ukrainian company in front of international partners.
Speaking about the current problems, Gerega pointed to the lack of staff. “Even for such a small Intersport in Poland, we faced the same staffing problem we have now in Ukraine. Even among Ukrainians who left temporarily to Poland, we can’t find effective staff for them to work in this Intersport,” she stated at the forum.
In the 2023/24 fiscal year (ended March 31, 2024), Intersport Polska’s revenue fell 21% to PLN189.1 million, while its net loss rose to PLN39.6 million from PLN13.1 million a year earlier.
The Intersport Polska network, according to its website, includes 31 stores and a delivery network with about 500 employees, while the Intersport network has about 5,400 stores worldwide.

 

,

About 5 thousand Indian citizens have entered Ukraine since beginning of 2024

The head of the State Border Guard Service of Ukraine, Lieutenant General Serhiy Deyneko, met with the newly appointed Ambassador of the Republic of India to Ukraine, Ravi Shankar, to discuss the issue of border crossings by Indian citizens.
According to the press service of the State Border Guard Service, Deineko thanked India for supporting Ukraine’s sovereignty and territorial integrity. He also emphasized the importance of further developing friendly relations and professional cooperation.
“We discussed the issue of border crossing by Indian citizens – since the beginning of 2024, about 5 thousand Indian citizens have entered Ukraine. The parties agreed to clarify the details of further effective cooperation,” the Telegram channel said.
In turn, the ambassador expressed gratitude for the attention and time devoted to the meeting.

External financing of the state budget as of 01.06.2024, billion USD

External financing of the state budget as of 01.06.2024, billion USD

Open4Business.com.ua