Business news from Ukraine


Ukrainian agricultural holding KSG Agro and pasta producer Makarony Polskie (Rzeszów, Poland) signed a letter of intent to establish cooperation in the field of trade in vegetable oil and grain, as well as cooperation in other areas of agricultural production.
Information about the conclusion of the relevant protocol was made public on the Warsaw Stock Exchange on Monday evening.
According to the announcement, the parties intend to arrange the import of rapeseed and sunflower oil from Ukraine for their processing and sale in Poland and third countries.
It is clarified that the letter of intent is not a binding agreement, but only expresses the desire to start negotiations on mutual cooperation of the parties.
According to the website of the Polish company, Makarony Polskie is one of the largest manufacturers of pasta in the country. The company has production plants in Rzeszów and Częstochowa.
Its products are offered under the brands Makarony Polskie, Sorenti and Abak.
The vertically integrated holding KSG Agro is engaged in pig breeding, as well as production, storage, processing and sales of grain and oil crops. His land bank is about 21 thousand. ha in Dnipropetrovsk and Kherson regions.
According to the agricultural holding, it is among the top 5 pork producers in Ukraine.
In 2021, KSG Agro increased net profit 16 times compared to 2020 – to $20.27 million, revenue – by 44%, to $30.75 million, while doubling EBITDA – to $12.28 million.

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The Digital Transformation Ministry of Ukraine will cooperate with Amazon Web Services to accelerate the development of cloud technologies in the country, digital transformation and innovation.
The corresponding memorandum of cooperation was signed by Deputy Prime Minister – Minister of Digital Transformation Mykhailo Fedorov with Amazon in London.
“Another global technology giant has begun to work in Ukraine. The beginning of our cooperation is a positive signal to other large international companies and brands that it is possible and necessary to enter Ukraine,” he said on Telegram.
According to the minister, the ministry, together with Amazon, will develop skills in working with cloud technologies: Ukrainian universities will be able to join the AWS Academy program for free, modernize IT systems and agency policies in the field of cloud technologies; implement the ministry’s strategies for the development of IT infrastructure and the diffusion of cloud technologies (in particular, through the development of small and medium-sized businesses and start-ups that use cloud solutions).
“And this is just the beginning. I am glad to welcome Amazon in Ukraine,” Fedorov said.

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Ukraine and China have signed an intergovernmental agreement providing for the expansion of cooperation between the two countries and the promotion of joint projects in the infrastructure construction sector, as well as the raising of Ukrainian funds on concessional terms from the People’s Republic of China.
According to the statement on the website of the Infrastructure Ministry of Ukraine on Tuesday, June 30, the relevant agreement was signed by Minister of Infrastructure Oleksandr Kubrakov and Minister of Commerce of the People’s Republic of China Wang Wentao.
Among the priorities of cooperation are rail transit, airports, ports, communications and municipal engineering.
Under the agreement, Ukraine and China will encourage companies and financial facilities in both countries to cooperate actively in the construction of infrastructure facilities, as well as to promote closer economic ties between the two countries and to provide necessary assistance and accompaniment in the implementation of joint projects.
The agreement also provides for the mobilization of funds on concessional terms from the Government of the People’s Republic of China necessary for the implementation of infrastructure projects.
As a result of the joint consultations, the sides will approve potential cooperation projects, which will be supported by PRC funds.

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The State Automobile Road Agency of Ukraine (Ukravtodor) and U.S. Bechtel Corporation have signed a memorandum of understanding for cooperation in the implementation of a project to build a bypass road around Kyiv, the Ministry of Infrastructure of Ukraine reported on its Facebook page on Friday.
“The Kyiv bypass road is one of the key objects of the president’s Big Construction program, because its creation will help solve the painful transport problems of Kyiv, improve international road traffic. Joint work of Ukravtodor and one of the leaders of infrastructure projects in the world will find the best technical and financial solutions for the implementation of the project,” the press service said, citing Minister of Infrastructure Oleksandr Kubrakov.
This project provides for the construction of a half-ring with a total length of about 150 km. This will help move transit traffic flows of vehicles outside Kyiv and will connect the key highways M-07 Kyiv – Kovel, M-06 Kyiv – Chop, M-05 Kyiv – Odesa and N-01 Kyiv – Znamianka. It will further connect highways N-08 Boryspil – Mariupol and M-03 Kyiv – Kharkiv and bypass Brovary.
Since the end of 2020, Ukravtodor has begun the development of design documentation, including land allocation, for sections of the bypass road: section one – from M-07 Kyiv – Kovel – Yahodyn to M-06 Kyiv – Chop with a length of 18.1 km; section two – from M-06 Kyiv – Chop to M-05 Kyiv – Odesa (35.2 km); section three – from М-05 Kyiv – Odesa to Н-01 Kyiv – Znamianka with a length of 22.9 km; section four – the construction of a bridge over the Dnipro River with approaches to H-01 Kyiv – Znamianka and Hora – Rohoziv (25.7 km); section five – from Hora – Rohoziv to M-03 Kyiv – Kharkiv (9.7 km).
Currently, according to the Ministry of Infrastructure, three sections are already being designed, and tender procedures are underway for one more section.
Bechtel Overseas Corporation is a global leader in engineering, procurement and construction.

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KSG Agro agricultural holding has agreed on possible cooperation with Swiss Suisag in terms of purchasing and using Suisag genetics sows and providing advice on pig breeding technologies, the holding said.
“The parties set indicative deadlines for signing relevant documents׃ memorandum and contracts. This should happen in the first half of 2021,” according to a press release following the visit of Suisag CFO Matteo Aepril and Chief Veterinarian Stefanie Klausmann to Ukraine.
Chairman of the Board of Directors of KSG Agro Serhiy Kasianov also said that the holding’s pig farm in Nyva Trudova (Dnipropetrovsk region) has started the process of renewal and rejuvenation of the pig herd and about 1,000 sows of Danish Dunbred genetics will be purchased under the project in 2021.
The vertically integrated holding KSG Agro is engaged in pig breeding and production, storage, processing and sale of grain and oilseeds. In January-September 2020, the agricultural holding received $4.77 million in net profit, which is 52% less than in the same period in 2019, and revenue decreased by 17%, to $14.67 million.

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The Ministry of Digital Transformation of Ukraine has signed a memorandum with Samsung Electronics Ukraine Company.
According to the Facebook page of the ministry, the main goal of cooperation is to make electronic services on the Diia portal and in the Diia mobile application even more accessible and convenient.
“We will work in the direction of digitalization, development of digital technologies, economy, innovation and digital skills of the population. In particular, Samsung and the Ministry of Digital Transformation will jointly popularize the Diia mobile application,” the report says.

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