Business news from Ukraine

!Fest is preparing to open Drunken Cherry bar in London

The !Fest holding is preparing to open a new bar called Drunken Cherry in London, England.

The holding has created a profile of the new bar on Intagram, where it has posted two posts: an advertisement against the backdrop of the Tower Bridge, as well as the terms of the competition to attend the opening of the bar.

According to specialized media, the staff and team of the London bar will consist mainly of Ukrainians who speak English well and “have in-depth knowledge of cherries.”

The UK will be the tenth country to open P’yana Vyshnia establishments, and London will be the fortieth city to launch the chain. P’yana Vyshnia also operates in Poland, Romania, Slovakia, Hungary, Moldova and the Baltic States.

Emotions Holding !Fest was founded in 2007. It develops a network of creative restaurants, cafes and shops in Ukraine. It is owned by Andriy Khudo, Yuriy Nazaruk and Dmitry Gerasimov.

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Bar Machine-Building Plant intends to allocate all of its net profit for 2022 to its business operations

PrJSC Barskyi Machine-Building Plant (Barmash, Bar, Vinnytsia region), a major Ukrainian manufacturer of equipment for the food industry, gas and electric boilers, plans to use its net profit of UAH 1.6 million in 2022 for business activities.

This is stipulated by the draft decision of the company’s general shareholders’ meeting scheduled for September 28, the agenda of which has been published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC).

In particular, the shareholders intend to amend the company’s charter and replace the management board with a new management board. In this regard, it is planned to terminate the powers of the Chairman of the Board Ilya Luka, his First Deputy Gennadiy Luka and members of the Board Vasyl Gontar and Oleksandr Lototskiy.

At the same time, it is proposed to elect Ilya Luka (CEO) and Gennadiy Luka (director) to the board, who, according to the Unified State Register of Legal Entities and Individual Entrepreneurs, are the ultimate beneficiaries of Barmash.

The Bar Machine-Building Plant produces, among other things, equipment for the alcoholic beverage, wine, oil and fat, canning, confectionery, and bakery industries, and since 2000, gas, electric, and solid fuel heating boilers under the ThermoBar brand.

According to opendatabot, in 2022, the company reduced its net income by 19.4% compared to 2021, while net profit increased to UAH 1.6 million from UAH 0.92 million.

According to the company, its assets amounted to UAH 94.29 million in 2022 (down 12.7%), including total receivables, which decreased by 36% to UAH 9.8 million. Current liabilities decreased by 7.2% to UAH 34.3 million, while long-term liabilities decreased by 14.4% to UAH 4.8 million.

Retained earnings amounted to UAH 2.52 million compared to UAH 0.92 million a year earlier.

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UKRAINIAN COMPANY OPENS FIRST BAR IN ROMANIA

Holding !FEST has opened the first bar Piana Vyshnia (Drunken Cherry) in Bucharest (Romania), the head and co-owner of the holding Andriy Khudo has said.
“We opened a business in Romania. The first project, of course, is Piana Vyshnia in the capital of the country, Bucharest,” he wrote on Facebook.
According to him, during quarantine restrictions, the institution is open on weekdays until 20:00, on weekends – until 18:00.
According to the information on the site, the Piana Vyshnia bars chain, in addition to Ukraine, is also represented in Poland (Warsaw, Krakow, Wroclaw) and Moldova (Chisinau).
Holding of emotions !FEST was founded in 2007 and develops a network of creative restaurants, coffee houses and shops in Ukraine.
The owners of the holding !FEST are Khudo, Yuriy Nazaruk and Dmytro Herasymov.

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