Business news from Ukraine

PM OF UKRAINE WELCOMES ORGANIZATION FOR ECONOMIC COOPERATION AND DEVELOPMENT INTENTION TO OPEN OFFICE IN KYIV

At a meeting with Secretary-General of the Organization for Economic Cooperation and Development (OECD) Mathias Cormann, Prime Minister of Ukraine Denys Shmyhal welcomed the intention of the OECD to open a regional office in Kyiv.
“I informed the OECD Secretary-General about the creation in Ukraine of a plan and a fund for the restoration of our state. We strive to change the country and the economic model, based on the best world standards. Our goal is based on the principles promoted by the Ukrainian people: a European future, a transparent state and an open economy,” Shmyhal said on his Telegram channel following the meeting.
The prime minister said it is important for Ukraine to use the best practices of the OECD and implement them in the near future.
“I welcomed the intention to open a regional office of the OECD in Kyiv, this is an excellent opportunity to strengthen and accelerate our cooperation,” Shmyhal said.
Shmyhal also said the ‘green’ economy is the basic principle of the new economic model of Ukraine.
“Russia has destroyed and continues to destroy our infrastructure. There is no point in returning to the old models, so we intend to restore it according to modern principles and the latest technologies,” he said.
In addition, the prime minister said that Ukraine intends to make corporatization even more efficient, and in this matter counts on active assistance from the OECD.

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GRAIN TRADER “PROMETEY” RESUMED WORK OF THE OFFICE IN THE CAPITAL OF UKRAINE

On April 11, the Prometey group of companies resumed the work of its Kiev office, while its main office in Nikolaev has not stopped working since the beginning of Russia’s invasion of Ukraine, the grain trader’s website reported on Friday.
The owner of the holding, Rafael Goroyan, noted in a message that the Kyiv staff of Prometey is returning to the production process, since now the city is calm and safe.
The grain trader clarified that he still does not have access to 3 thousand hectares in the Snigirevsky district of the Nikolaev region due to the occupation of part of the region by Russian troops, while the total land bank of Prometey is 20 thousand hectares.
In the territory controlled by Ukraine, out of 17 thousand hectares, 10 thousand hectares have already been sown with winter crops, sunflower is being planted in the remaining areas.
“Prometey” recalled that in mid-March, Russian invaders attacked the offices of the production companies “VK Prometey” (Peski village) and Agro Capital Center LLC (AKC, Dobraya Krinitsa village, both – Mykolaiv region), where they destroyed / x and office equipment, documentation, weighing and monitoring systems. Despite the attack, the company has already reopened branches.
GC “Prometey” provides services for the storage, processing and logistics of grain and leguminous crops on the basis of 29 elevators in Mykolaiv, Kirovograd, Kiev, Khmelnytsky, Zaporozhye, Sumy, Odessa, Kherson and Dnepropetrovsk regions.
At the end of 2021, Prometey Group plans to receive $45 million in EBITDA, while in 2020 this figure reached $32.6 million, and in 2019 – $30.5 million.
The founder and owner of Prometey Group of Companies is Rafael Goroyan.

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REVEALING INFORMATION: EXPLOSION IN OFFICE KYIV OF LAW FIRM MAY BE RELATED TO PROFESSIONAL ACTIVITIES

The explosion in the office of a legal association, which occurred on Tuesday night in Kyiv, may be linked to the professional activities of lawyers.
According to Interfax-Ukraine, the explosion occurred in the office of the Revealing Information legal association.
Managing partner Oleksandr Keyer told Interfax-Ukraine that the explosion may be related to the professional activities of the company’s lawyers, who are currently conducting several criminal cases.
“This is for sure related to work. I don’t yet understand what specific case, but it is 100% related to work. As a lawyer, I take a principled position in the proceedings. I am sure that these events occurred because of our principled position. Somewhere, some criminals decided to scare us so that we would change our principles and rules for representing the interests of the client,” he said.
At the same time, Keyer said that at present, he and the company’s lawyers have not received any threats or demands.
He also said that, according to law enforcement agencies, the grenade launcher from which the shot was made at the company’s office was Russian-made.
As reported, on Tuesday night, an explosion occurred in one of the buildings in the Shevchenkivsky district of Kyiv. According to the preliminary estimates, a shot was fired from an RPG-26 rocket propelled grenade. The explosion damaged the windows in the rooms of the lawyer association and the facade of the premises. No casualties are reported.
Criminal proceedings over hooliganism (Part 4 of Article 296 of the Criminal Code of Ukraine) have been initiated.

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ISRAEL’S SIMILARWEB OPENS OFFICE IN KIEV

Israel’s Similarweb, one of the leading digital intelligence companies that carried out an IPO on the New York Stock Exchange in May this year, announced the opening of two new European offices in Kyiv, Ukraine and Munich, Germany.
“Similarweb’s Kyiv office will employ over 50 R&D and IT professionals, and this number is expected to triple in the next two years,” the company said on its website.
According to the report, the Kyiv office will serve as a technical center, employing a highly skilled workforce in Ukraine, and is intended to be an important part of Similarweb’s global success.
The Munich office will carry out mainly commercial, marketing and technical functions, in particular, among the company’s clients there are already a number of leading German brands, including Adidas and DHL.
Similarweb, headquartered in Tel Aviv, clarifies that it has increased its headcount in all 13 global offices this year and plans to continue its rapid global expansion in the new year.
At the IPO in May of this year, the company was valued at $ 1.6 billion. Its revenue for the nine months of this year amounted to $ 97.52 million, an increase of 45.9% over the same period in 2020, and net losses tripled to $ 45.17 million. Free funds of the company by the end of the third quarter amounted to $ 159.1 million.
The company, founded in 2007, monitors websites and mobile apps and provides analytics and digital data to customers. According to the website, the number of its staff exceeds 800 people.

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FRENCH CYBER SECURITY COMPANY TO OPEN OFFICE IN UKRAINE

French Thales, which specializes in the development of high-tech products for defense and security, aerospace and transportation, intends to open an office in Ukraine, the Ministry of Digital Transformation said on its Telegram channel on Saturday.
Thales already has offices and R&D centers in 56 countries around the world.
During a meeting between Mykhailo Fedorov and Thales representatives in Paris, the parties discussed the creation of digital documents and cybersecurity based on artificial intelligence.
“Representatives of the company told how it is possible to improve the sphere of cyber defense in Ukraine, to qualitatively identify and counter cyber threats. Thales is actively working on opening an office in Ukraine and has already appointed a director,” the ministry said.

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BUSINESS PROTECTION OFFICE CREATED IN UKRAINE UNDER INTERIOR MINISTRY

The Ministry of Internal Affairs of Ukraine has launched the operation of the Business Protection Office (BPO) under the ministry, the head of which was appointed adviser to Minister of Internal Affairs of Ukraine, ex-Deputy Minister of Internal Affairs Anton Gerashchenko.
“Today we are launching an additional operational protection mechanism – we are opening an advisory body – the Business Protection Office under the Ministry of Internal Affairs of Ukraine, where every entrepreneur and investor will be able to receive the necessary assistance and effectively protect their rights. Our global goal is to make the business environment in Ukraine as much as possible protected and attractive for investors both Ukrainian and foreign,” the website of the Ministry of Internal Affairs reported on Thursday evening.
The specific areas of work of the Business Protection Office will be combating raiding, combating corruption and abuse of business in the structures of the Ministry of Internal Affairs, unshadowing the tobacco, alcohol and fuel market, helping the State Customs Service and other law enforcement agencies in the fight against smuggling, the issue of combating counterfeit products, violation of copyright and trademark counterfeiting.
Other issues of violation of the rights of entrepreneurs by law enforcement officers in the structures of the Ministry of Internal Affairs – the National Police, the State Emergency Service, and the State Migration Service – will also be in the field of vision and response of the Business Protection Office.

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