Business news from Ukraine

Business news from Ukraine

“Centravis” transferred to budgets of all levels more than 230 million UAH

Centravis Production Ukraine” Private Joint Stock Company (Centravis Production Ukraine), which is a part of Centravis Ltd. holding, on the results of work in January-October this year transferred to the budgets of all levels more than 230 million UAH.
According to the company’s press release issued on Friday, the most funds were transferred to non-budgetary funds – almost 172 million hryvnias. The local budget was replenished by 41.7 million UAH and the state budget by 16.8 million UAH.
It is recalled that at the end of 2021 Centravis paid almost 283 million UAH to the budgets of all levels. Thus, despite the large-scale war, the company continues to work and fulfill its obligations to the state and local community.
In addition to paying taxes, Centravis provides assistance to the security and defense forces and the war-affected population. In total, the company provided aid worth more than 3.3 million hryvnias and purchased ammunition and protective equipment for the mobilized workers of the company.
“They say there is an inscription on the facade of the U.S. Department of Justice: taxes are the price of civility in society. In our case, taxes are the price of protecting independence and statehood, and this year they are especially nice to pay. We believe that every extra hryvnia will help repel aggression and rebuild Ukraine, “- said General Director of Centravis Yuri Atanasov, quoted by the press service.
“Centravis” is among the ten largest manufacturers of seamless stainless steel tubes in the world. The company’s production is concentrated in Nikopol, which has been under almost daily fire from Russian troops since July this year.
Last year the company realized a number of large-scale orders for such world companies as Benteler Automotive, LINSTER Edelstahlhandel, Rohr Mertel, Buhlmann Group, Webco, MRC. “Centravis works with such famous automobile brands as BMW, Volkswagen, General Motors. Supplies pipes for nuclear power plants, fresh water storage facilities, the International Thermonuclear Experimental Reactor (ITER) and other landmark projects.
“Centravis is one of the world’s largest manufacturers of seamless stainless steel pipes, founded in 2000. Its production facilities are located in Nikopol (Dnepropetrovsk region).
Centravis Ltd Holding was created on the base of Nikopol Stainless Tube Works CJSC, service and trading companies of Yuvis Industrial and Commercial Enterprise Ltd. Its shareholders are members of the Atanasov family.
Centravis Ltd. owns 100% of shares of Centravis Production Ukraine PJSC.

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NAFTOGAZ PAYS UAH 116 BLN TO BUDGETS IN 2021

NJSC Naftogaz Ukrainy and the companies controlled by it paid UAH 116 billion of taxes, fees and mandatory payments to the state and local budgets in 2021, the company’s press service said on Wednesday.
According to it, proceeds from the group amounted to 10.7% of the total state budget revenues for the last year (according to preliminary data – UAH 1.084 trillion).
In particular, the enterprises of the group transferred to the state budget about UAH 106 billion in taxes, fees and mandatory payments, and the parent company also paid UAH 10.3 billion in VAT for customs clearance of imported natural gas throughout the year.
“The national company provided a tenth of all revenues to the state budget of Ukraine. To understand, almost so much was directed to the needs of the Ministry of Defense in 2021,” Head of Naftogaz Yuriy Vitrenko said on his Facebook page.
“Despite all the reproaches that Naftogaz was spending state funds, this year we proved the opposite. The national company not only did not take a single coin from the state treasury, but also paid all taxes in full,” he said.

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CABINET DISTRIBUTES EXTRA UAH 3.5 BLN TO LOCAL BUDGETS FOR ROADS

The Cabinet of Ministers of Ukraine has allocated additional UAH 3.5 billion to local budgets for highways; this is about an additional amount of subventions from the national budget for public roads of local importance, streets and roads of communal property in settlements.
The relevant decision was made at the Wednesday government meeting.
According to the draft decision, based on the analysis of the rate of receipt of funds from the sources of the formation of the public road fund, it is expected that as of November 23, 2021, the overfulfillment of the annual revenue plan of the public road fund will be UAH 3.5 billion, and on December 31, 2021 it will be UAH 5.8 billion. In this regard, it is proposed to allocate an additional UAH 3.5 billion to finance the construction, reconstruction, repair and maintenance of public highways of local importance, streets and communal property roads in 2021 at the expense of a special fund.

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PJSC DONBASENERGO PAYS UAH 68.5 MLN TO BUDGETS IN JAN

PJSC Donbasenergo transferred UAH 68.5 million of taxes and other obligatory payments to the national and local budgets, which is 2.7 times (by UAH 43.1 million) more than in January 2019. According to the company’s press release, UAH 67.7 million was transferred to the national budget (VAT, environmental tax, fees for a special use of water resources, other taxes of the national level), and UAH 800,000 (land tax, immovable property tax, etc.) were paid to the local budget of Donetsk region.
Donbasenergo owns Starobesheve (located in the occupied territory) and Sloviansk thermal power plants (TPP) with the total installed capacity of 2,880 MW, in particular the capacity of Sloviansk TPP is 880 MW. At the end of March 2017, the generation company announced the loss of control over the operation of Starobesheve TPP, as well as part of structural units located in the temporarily uncontrolled territory.
PrJSC Energoinvest Holding owns 60.86% of the shares of Donbasenergo, another 25% of the shares of the generating company are owned by the state

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