Business news from Ukraine

Business news from Ukraine

CSD LAB network of laboratory offices provides 100% discount for military personnel

Validity period: permanently.
Coverage area: the entire network of CSD LAB laboratory offices and CSD LAB partner laboratory offices (PLO)
Terms of the promotion: The discount is provided exclusively for tests according to the list
Promotional offers are not cumulative.
Only one promotional offer can be used per order.

Our defenders are the pride, endurance and strength of the whole Ukraine!
You fearlessly hold the line and repel the enemy, protecting the Ukrainian people.
And every Ukrainian today wishes you courage, strength, endurance and, most importantly, good health!
To show its support, CSD LAB Medical Laboratory introduces a 100% discount on general clinical studies for all Ukrainian military personnel.

List of available studies.

*100% discount means the purchase of 1 type of test for 1 UAH, the cost of biomaterial collection is paid separately.
Within the framework of the promotion, you can order up to 5 tests without a doctor’s referral per day, more – with a doctor’s referral.
In order to take advantage of the special offer, you must present a valid certificate of a serviceman of the Armed Forces of Ukraine to the medical registrar.

Don’t forget to familiarize yourself with the rules of preparation for the tests and choose the nearest CSD LAB laboratory office.
If you have any questions, you can write to us in the chat or call our round-the-clock contact center at 0 800 33 00 75

Hungarian Grain Association opposes ban on imports of Ukrainian agricultural products

The Hungarian Grain Association has opposed a ban on imports of agricultural products from Ukraine because it will lead to a deficit on Hungary’s domestic market and undermine efforts to curb the highest inflation rate in the European Union, Zofia Poza, secretary general of the Hungarian Grain Association, said.
“Our members are desperate and don’t support any import bans, in fact we need imports,” she told Bloomberg.
Hungary needs to import about 700,000 tons of feed corn after the 2022 crop failure, according to Hungarian grain growers.
“Eastern neighbor Ukraine will be the cheapest supplier,” she stressed.
Potsa recalled that Hungary used to only perform export control of agricultural products from Ukraine.
“Now we got a widespread ban on imports. It’s hard to call it anything other than amateurish,” the public figure said, commenting on the government’s decisions.
Poza is confident that blocking export flows will put negative pressure on food prices in Hungary, where the inflation rate exceeds 25 percent.
The Hungarian Grain Association represents the interests of flour makers, grain processors and sellers of basic food products ranging from flour and sugar to animal feed and ethanol.
Hungary has joined Poland, Slovakia and Bulgaria to impose a ban on Ukrainian grain and certain agricultural products until the end of June 2023.
While business associations in Poland are already saying that such restrictions could hurt local producers.
“Government interference in business has been a hallmark of the rule of Hungarian Prime Minister Viktor Orban, who imposed restrictions on agricultural exports in 2022 after a sharp summer decline in production,” Bloomberg writes.
The publication reminds us that the Hungarian government has also maintained a regime of controversial price controls on basic food products, which the central bank blames for inflating inflation by forcing retailers to raise the cost of other goods to make up for lost profits. Last week, the Hungarian Cabinet of Ministers announced that it would oblige supermarkets to lower the prices of basic foodstuffs as part of a new package of measures.

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“Dobrobut” bought the Kiev capital clinic of digital dentistry

Medical network “Dobrobut” has purchased the capital’s digital dentistry clinic TEFI (both in Kiev), which will become part of Dobrobut Dental Clinic.

According to the network’s press release, the founder of the TEFI clinic, Marina Bilous, plans to set up a modern dental clinic in London.

“I am glad that I am putting my clinic in the hands of reliable partners. It is very important to me that clients, who are used to high quality services and careful attitude to themselves, do not feel any changes, except for a change for the better. I am sure that Dobrobut will preserve and develop all the achievements, which our team is sincerely proud of,” Bilous was quoted in the press release.

According to Vadim Shekman, general director of Dobrobut, the chain is investing in various medical areas, particularly in the development of dentistry.

“The acquisition of the TEFI clinic is another step in this direction. TEFI’s high standards and personalized approach to each client will now unite under the Dobrobut Dental Clinic brand with Dobrobut’s multidisciplinary approach and become part of our medical ecosystem,” he said.

The clinic’s new 346-square-meter dental department has five treatment rooms equipped with state-of-the-art equipment, including an Orthophos SL dental tomograph and a digital radiovisiography unit (Dentsply Sirona). The surgical unit is equipped with an operating room for surgical interventions and treatment under anesthesia.

The new Dobrobut Dental Clinic department will offer all dental services, including aesthetic prosthetics, implants, and orthodontic treatment for children and adults.

“Dobrobut is one of the largest private medical networks in Ukraine. The network consists of 17 medical centers in Kiev and Kiev region, emergency service, dentistry and pharmacies. Network medical centers provide services to children and adults in more than 75 medical fields. Annually experts of “Dobrobut” carry out more than 7 thousand operations. The network has over 2,800 employees.

Dobrobut cooperates with a number of international charitable organizations such as Direct Relief International, Children of War Foundation, International Medical Corps and the University of Miami Global Institute, as well as with the Dobrobut Charitable Foundation founded by the hospital.

“Dobrobut became the first private network in Ukraine to receive funding from the U.S. federal government – with the support of the U.S. International Development Finance Corporation (DFC), the company will build a state-of-the-art physical rehabilitation center.

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Ukraine in January-March increased exports of soybean oil by 36%

In the first quarter of 2023 compared to the first quarter of 2022, Ukraine increased exports of soybean oil by 36.6% – up to 78.091 thousand tons, in monetary terms rose by 1.6% – to $ 77.689 million.
Export of soybean oil in 2022 was 237.025 thousand tons, which is 1.7% less than in 202211.
In monetary terms, exports rose by 3.2% to $304.685 million.

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Ukraine increased export of sunflower oil in January-March

Ukraine in January-March this year, Ukraine increased exports of sunflower oil by 14.5% – to 1 million 322.611 thousand tons.
According to customs statistics, in monetary terms, exports of these products in the first quarter decreased by 13.6% – to $1 billion 355.889 million ($1 billion 568.449 million in the first quarter of 2022).
In 2022, Ukraine reduced exports of sunflower oil by 16.4%, to $4 billion 290.336 million, in monetary terms – by 14.5%, to $5 billion 464.151 million.

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“Kernel” increased oil sales by 1%

Kernel Agro Holding, one of the largest in Ukraine, processed 744 thousand tons of sunflower seeds in the third quarter of FY2023 (January-March), an increase of 32% compared to the same period last FY, operating six oilseeds processing plants.
“Vegetable oil sales in Q3 FY2023 increased only 1% from the same period last year to 273,000 tons, including 20,000 tons of bottled sunflower oil,” the company said on the Warsaw Stock Exchange.
According to it, two oil extraction plants belonging to the group remain inaccessible in the high-risk zone of Kharkiv region with regular shelling by Russian occupiers.
“The group managed to increase the utilization of its plants in January-March 2023 compared to the previous quarter, given the stabilization of electricity supplies in Ukraine and the expansion of the grain corridor,” Kernel pointed out.
Overall, in the first nine months of FY 2023 sunflower processing volume decreased by 8% – to 1 million 858.08 million tons, and oil sales – by 10%, to 819.96 thousand tons.
According to Kernel, due to the postponed 2022 harvest campaign, which was postponed until the winter of 2022/2023, elevator loading in the third quarter of FY 2023 reached an unusually high level of 687,000 tons. However, volumes for the first nine months of the season were down 34% from the same period last year to 2.7 million tons, reflecting a lower 2022 crop compared to the 2021 season.
It is pointed out that the volume of transshipment of export terminals in Ukraine in Q3 FY2023 almost halved compared to the same period last year to 1.1 million tons of grain, sunflower oil and meal, compared to 1.7 million tons of transshipment in the previous quarter.
“The Group’s export volumes are highly dependent on the operation of the “grain corridor” in the Black Sea. Although the grain corridor deal was extended in March 2023, it remains unclear for how long. “Moreover, in the last few days, ship inspections were completely stopped as the Russians refused to perform their duties to interrupt the initiative,” Kernel noted.
The company added that, in addition, stiff competition between Ukrainian terminals for quotas for agricultural exports through the “grain corridor” and the existing quota distribution mechanism are unfavorable for market leaders like Kernel, as historically smaller operators handling relatively smaller volumes have received disproportionately high quotas, making it impossible to maximize exported products.
“Recent import and transit restrictions imposed by neighboring EU countries further reduce agricultural exports from Ukraine,” the company pointed out, specifying that since the launch of the “grain initiative,” 87% of its export volumes have been shipped to foreign markets through Black Sea ports, 6% through Danube ports and 7% through domestic routes.
Continued difficulties with grain logistics in the Black Sea region led to a 61% year-over-year decline in grain exports from Ukraine in Q3 FY2023 to 0.8 million tons, Kernel added.
“To maximize operational efficiency, the Group gives preference to sunflower oil and meal ships rather than bulk grain ships (given the more attractive margins in the Group’s oilseed processing business), although this approach reduces grain export volumes, as logistics capabilities remain a key bottleneck,” the statement said.
According to him, the volume of transshipment of export terminals in Ukraine decreased by 52% to 3 million 504.59 thousand tons and grain exports – by 61% to 3 million 77.7 thousand tons in 9 months of FY2023.
“Kernel” also reported that at the time of the report and since the beginning of a full-scale invasion of Ukraine by the aggressor, 1405 employees of the Group were mobilized in the Armed Forces of Ukraine or joined the territorial defense units. Of these, 558 were demobilized and returned to work, 22 employees were killed, and more than 70 employees were wounded.
“Before the war Kernel was the world’s number one producer and exporter of sunflower oil (about 7% of world production) and the largest producer and marketer of bottled sunflower oil in Ukraine. The company was also engaged in cultivation of other agricultural products and their sale.
In FY2022 (July-2021 – June-2022), the holding posted a net loss of $41 mln versus $506 mln net profit in the previous FY, while its revenue decreased by 5% to $5.332 bln and EBITDA decreased by 3.7 times to $220 mln.

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