State-owned Ukreximbank has provided $4.5 million to replenish working capital and purchase equipment for Dnipro-based agricultural producer Agro Oven LLC, according to a press release from the financial institution.
It is specified that $2.3 million of the total amount was provided for three years to refinance the cost of purchasing equipment for poultry farming, and the remaining $2.2 million was provided for 1.5 years to replenish working capital to ensure uninterrupted operations.
According to the press service of the financial institution, the financing rates are classified as confidential information.
According to the release, Agro Oven LLC is part of the Agro Oven Group of Companies, which is a leader in the production of livestock products in the Dnipro region and is among the top 10 poultry producers in Ukraine and at the same time among the top 3 largest exporters of poultry products in Ukraine. According to the website, the company started its operations in February 1998 with 4,000 employees in agriculture, livestock, poultry, and its own processing plants. It is stated that production is provided by four agricultural farms of the corporation in Magdalynivka, Solonyansky, Novomoskovsky, and Dnipropetrovsky districts of Dnipropetrovska oblast.
“Agro Owen supplies products under its own brands Dlia Svoi, Zolotko, Svoi Potato, Dniprovskyi Myasokombinat, and also sells them through its own retail network, Dim Myasu.
The ultimate beneficiary is Viktor Zavorotnyi (65%). According to OpendataBot, the company increased its revenue in 2023 by 14.4% to UAH 4.04 billion, while the net profit of the agricultural producer jumped 2.4 times to UAH 166.1 million. The number of employees decreased by 121 to 1389 over the year, according to the platform.
Number of dead and wounded civilians in Ukraine from 24.02.2022 till 31.03.2024 un data
Source: Open4Business.com.ua and experts.news
At a meeting on May 3, shareholders of Rarity Insurance Company (Kyiv) decided to increase its authorized capital to UAH 53.7 million by conducting an additional issue of shares worth UAH 23.7 million.
As the company reported in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the issue will be carried out by increasing the nominal value of shares from UAH 10 to UAH 17.9 by allocating to the authorized capital part of the profit earned by the company in 2018-2023.
“IC Raritet” PrJSC has been carrying out insurance activities since 1999. The company’s shareholders are four individuals – residents of Ukraine. The insurer operates on the basis of 17 licenses (5 compulsory and 12 voluntary types of insurance).
In 2023, Vega, a telecom provider of PJSC VF Ukraine (Vodafone Ukraine), increased its revenue by 15% compared to 2022 to UAH 491.2 million, the company’s press service said on Tuesday.
“In 2023, the national telecom operator Vega’s revenue amounted to UAH 491.2 million, up 15% compared to 2022. The main sources of the company’s revenue are broadband high-speed Internet access services, IP telephony for business segment customers and revenue from sales of telecom services to other operators/providers,” the press service said.
It is noted that revenue from services provided to B2B and B2C customers using modern fiber-optic technologies amounted to UAH 261 million in 2023.
With the support of Vodafone Ukraine, the provider increased its capital investments by 173% compared to 2022 to UAH 281 million, investing mainly in the modernization and development of networks and energy efficiency, the statement said.
“Capital investments increased by 173% compared to 2022 and amounted to UAH 281 million. This mainly includes the construction of new GPON (Gigabit Passive Optical Network) Internet zones, modernization of networks from FTTx to PON technology, purchase of batteries and generators to provide technical sites with alternative power sources in case of power outages,” said Vega CEO Serhii Skrypnikov.
According to him, in 2024, Vega will continue to expand its GPON coverage and will also work on the full completion of the project to modernize the network from outdated FTTx to GPON technologies.
As part of the integration of the national broadband Internet access operator Frinet into Vodafone Ukraine, the company continues to modernize its network to improve the energy efficiency of the company’s network, Vega’s press service said.
“In 2024, the company plans to make record investments to provide backup power to sites and ZIP equipment to restore the network,” the statement said.
Earlier, PJSC VF Ukraine reported that in 2023 the company increased investments in the development of new fiber-optic lines based on Vega, and also acquired a 90.6% stake in Frinet LLC in August last year. Last year, the company actively expanded its coverage in the cities where it operates and started building GPON networks in Mykolaiv and Ivano-Frankivsk. In 2023, the company built a network in 3.125 thousand apartment buildings with access to modern high-speed Internet for 411.426 thousand households. In total, Vodafone Gigabit Net (the service is provided via a fiber-optic network designed using GPON technology) is available in more than 6 thousand homes in Ukraine. The number of energy-efficient Internet users using GPON technology has tripled.
Lviv Locomotive Repair Plant (LRP), a part of Ukrzaliznytsia, plans to repair 21 locomotives in 2024, compared to 12 in 2023, according to the company’s financial report for the previous year.
According to LLRZ, it is also planned to increase the repair of traction engines and their anchors by 14% or 34 units to 274 units.
At the same time, the production plan for the repair of wheelsets is 445 units, compared to 549 units repaired last year, and auxiliary electric machines – 99 units (103 in 2023).
According to LLRZ, in 2023, the share of locomotive repairs in total production was 54%, wheelsets – 22%, traction motors – 15%, and electric motor armatures – 3%.
In 2023, the plant earned UAH 15.47 million in net profit against a loss of UAH 17.22 million a year earlier, with net income growing by 28.2% to UAH 595.5 million.
The company sold 13 repaired locomotives (58% of sales), 501 wheelsets (21%), 158 traction engines (13%) and 48 anchors (2%).
Founded in 1861, LLRZ is now a major Ukrainian enterprise for the repair of electric locomotives, traction engines, and wheelsets.
Ukrainian startups developing climate-friendly technologies can take part in ClimateLaunchpad , the world’s largest international green idea competition looking for business solutions to combat climate change. The deadline for applications is May 26.
The competition is open to newcomers to the cleantech industry with a promising business idea, as well as green startups, small or medium-sized businesses working in the following areas
● Adaptation and sustainability
● Clean energy
● Solutions for cities
Sustainable mobility
● Circular economy
● Water conservation
● Ecological food production
● New discoveries
You can become a member of the ClimateLaunchpad if:
1. You have not started your business yet or your company was registered less than a year ago.
2. You do not yet have a significant customer base.
3. You have not received more than 200,000 euros of investment.
4. The company’s profit from the sale of goods has not exceeded 200,000 euros at the time of application.
5. You speak English sufficient to study with English-speaking coaches and pitch on the international stage.
You can apply for participation until May 26 at the following link: https://bit.ly/CLP_UA_apply
How does the competition work?
Startups from 51 countries participate in the competition, including France, Germany, Switzerland, Colombia, Angola, Turkey, the United States, and Mexico.
Each of the participating countries provides training for the program participants, which allows startups to improve and test their business ideas. Topics include market segmentation, key financial indicators, competitive advantages, pitching preparation, and more.
The startups that win the national selection get a chance to compete at the regional finals of ClimateLaunchpad 2024 and compete for the championship with teams from other countries. The national stage of the competition in Ukraine has been organized by Greencubator since 2016.
For additional questions, please contact ukraine@climatelaunchpad.org
