Business news from Ukraine

Business news from Ukraine

Skoda double-decker electric train to run on Kyiv-Lviv route

Ukrzaliznytsia JSC (UZ) has assigned a double-decker Skoda electric train to the Intercity+ route No. 741/742 Kyiv-Lviv for the New Year’s Eve and holidays, the company’s press service said on Wednesday.
According to the telegram, the train will depart from Kyiv on December 22, 24, 28, 30, and January 1, 2, 5, 7 at 14:58 and arrive in Lviv at 20:56.
The train will run back from Lviv on December 23, 25, 29, 31, and January 2, 3, 6, 8, departing at 8:05 a.m. and arriving in Kyiv at 14:10 a.m.
“A convenient transfer to Lviv from a Warsaw flight via Rava-Ruska has also been agreed in this direction,” UZ emphasized.
The company added that at the time of the Skoda electric train’s arrival in Lviv, a train with seating cars will run to Cherkasy on the route No. 729/730 according to a changed schedule.
In addition, an additional train No. 159/160 Kyiv – Truskavets (via Lviv) has been scheduled. It will depart from Kyiv on December 23 and 29 at 10:24 and arrive in Truskavets at 19:35.
In the opposite direction, the train will depart from Truskavets on December 23 and 29 at 8:26 a.m. and arrive in Kyiv at 18:44.
“Tickets for the upcoming dates are already available in the Ukrzaliznytsia app, chatbot, website, and at the ticket offices of the stations,” UZ said.
The Skoda EJ 675 Elephant electric train consists of six double-decker cars, has 636 seats and can accelerate to 160 km/h.
“Ukrzaliznytsia has purchased two Czech electric trains Skoda EJ 675 Elephant in preparation for Euro 2012.

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Bank Lviv intends to increase its authorized capital by 35%

Lviv Bank plans to increase its authorized capital by UAH 250 million, or 35.3%, to UAH 958 million 405,338 thousand through additional contributions from existing shareholders.

According to the bank’s announcement in the disclosure system of the National Securities and Stock Market Commission (NSSMC), the relevant issue was submitted to an extraordinary remote shareholders’ meeting on December 18.

It is assumed that an additional issue of shares with the existing par value of UAH 0.1 each will be made as part of the authorized capital increase.

According to the National Bank of Ukraine, as of the beginning of September 2023, Lviv Bank ranked 28th in terms of assets (UAH 9.12 billion) among 64 banks operating in the country. The bank’s net profit for 8 months of this year amounted to UAH 121.1 million.

According to the website of Lviv Bank, its shareholders at the beginning of this year were: ResponsAbility Participations (Switzerland) – 48.557189%, Nordic Environment Finance Corporation (NEFCO) – 13.93623% and Icelandic citizen Margeir Petursson – 37.4692%.

The EBRD pointed out in August this year that Bank Lviv, which is owned by European shareholders, is a regional bank focused on SMEs and one of the fastest growing in western Ukraine, with a loan portfolio that grew from $35 million in 2017 to $133 million in the first quarter of 2023. The bank is headquartered in Lviv and has a network of 19 branches, 13 of which are in Lviv region and six in other cities.

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BES eliminates illegal alcohol business in Lviv and Ternopil regions

Employees of the territorial department of the Bureau of Economic Security (BES) in Lviv region exposed a scheme for the illegal production and sale of alcoholic beverages in Ternopil and Lviv regions, the press service of the BES regional office reports.

“The investigation revealed the location of warehouses with vodka and cognac. The alcoholic beverages were delivered to one of the enterprises in Lviv, which distributed counterfeit alcohol through retail stores,” the statement said.

Counterfeit alcohol was distributed in a network of more than 300 stores.

“During the searches in Ternopil, about 61 thousand liters of liquid with the smell of alcohol and an alcohol production line were seized,” the BES reports.

At the same time, law enforcement officers seized more than 46 thousand liters of counterfeit alcohol, as well as containers and equipment for packaging alcoholic beverages, and financial and business documents at the company’s premises in Lviv region.

“According to the decision of the Lychakiv District Court of Lviv, the seized property worth more than UAH 26 million was seized,” the statement said.

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Lviv Cardboard and Paper Company has increased its output by 21%

LLC “Cardboard and Paper Company” (Lviv), a major Ukrainian manufacturer of cardboard sleeves and sanitary products, in January-July 2023 increased its output by 21.2% to UAH 746.83 million compared to the same period of 2022.

According to the statistical data provided to Interfax-Ukraine by UkrPapir Association, in physical terms the company increased the output of cardboard products by 2.6% to 15.7 thousand tons, and of base paper for sanitary-hygienic products by 4.1% to 4.3 thousand tons. The output of toilet paper in rolls increased by 42% to 3.3 million pieces.

At the same time in July the company increased the output of paper and cardboard by 4.3% compared to the same month last year – up to 3.3 thousand tons, which is also 30% more than in June this year.

“Cardboard and Paper Company” produces products and semi-finished products from waste paperboard (cardboard sheets, corners, sleeves), pulp and recycled waste paper (toilet paper, towels, napkins TM Papero). The company supplies its products to EU countries, among others.

Among its customers are Biosphere, Arterium, Nestle, Hlebprom, and Yarich.

As reported, in 2022, the factory, without suspending work during the year, increased the volume of marketable products by 51.5% compared to 2021 – up to 1 billion 186 million UAH. Net profit tripled to UAH 263.7 mln.

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“Cherkassy Bus” to supply Lviv Regional State Administration with 79 school buses

Ukrainian bus manufacturer Cherkassy Buses JSC will supply 79 school buses to Lviv Regional State Administration for UAH 234.216 mln by the end of this year, while the expected purchase amount is UAH 238.6 mln.

According to information in Prozorro, the relevant contract was signed by the parties on July 25.

In the scope of delivery – eight buses designed for the transportation of immobile schoolchildren (with one or two seats for them).

“Cherkassy Bus” was the only participant of the procurement procedure. It offered Ataman buses manufactured in 2023 (localization degree – more than 65%), with a diesel engine, Euro 5 environmental standard.

As reported, the subvention from the state budget to local budgets for the purchase of school buses in 2023 amounted to UAH 1 billion, including Lviv region was allocated UAH 80.605 million.

School buses are purchased on the condition of co-financing from the state budget and local budgets. At the same time, the buses are purchased through the procedure of request for quotation in the electronic catalog Prozorro Market (a systematized database of actual offers of goods of suppliers).

As a result of the procurement, several regions of Ukraine will also receive Ataman buses (in particular, Ivano-Frankivsk and Mykolayiv regions), with the buses being offered by Cherkasy Bus dealers.

Lviv Regional State Administration purchased 126 Ataman school buses for more than UAH 300 mln in 2022.

Founded in 1994, Cherkassky Bus plant produces small class buses, as well as other wheeled vehicles on the units of Japanese Isuzu.

In 2022, the plant increased its net profit by almost 2.9 times to UAH 65.02m, while net income grew by 32.5% to UAH 842.29m.

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Lviv Cardboard and Paper Company increased its output by 27.4%

LLC “Cardboard and Paper Company” (Lviv), a major Ukrainian manufacturer of cardboard sleeves and sanitary products, in January-June 2023 increased its output by 27.4% to UAH 638.79 mln. in comparison with the same period of 2022.

According to the statistical data of UkrPapir Association provided to Interfax-Ukraine, in physical terms the company increased the output of cardboard products by 2.3% – up to 13.1 thousand tons, paper-base for sanitary-hygienic products by 4.2% – up to 3.6 thousand tons. At the same time, the output of toilet paper in rolls increased by 35.3%, amounting to 2.8 million pieces.

Meanwhile, in June, the company reduced the output of paper and cardboard by almost 16% compared to the same month last year – to 2.53 thousand tons, which is also 29.5% less than in May this year.

“Cardboard and paper company” produces products and semi-finished products from waste paperboard (cardboard sheets, corners, sleeves), pulp and recycled waste paper (toilet paper, towels, napkins TM Papero). The company supplies its products to EU countries, among others.

Among its customers are Biosphere, Arterium, Nestle, Hlebprom, and Yarich.

As reported, in 2022, the factory, without suspending work during the year, increased the volume of marketable products by 51.5% compared to 2021 – up to 1 billion 186 million UAH. Net profit tripled to UAH 263.7 mln.

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