Business news from Ukraine

BANK CREDIT DNIPRO PLANS TO BUY ANOTHER BANK

Bank Credit Dnipro intends to acquire the First Investment Bank (PINbank, Kyiv), owned by Russian citizen Yevgeny Giner (88.89% of shares), the press service of the Antimonopoly Committee of Ukraine said on Monday. “By order of the state commissioner No. 09/334-r dated November 23, 2021, case No. 130-25 / 3-20-EK was initiated on concentration in the form of acquisition of the First Investment Bank by Bank Credit Dnipro, which grants that 50% of the votes in the supreme management body of the bank are exceeded,” the committee said.According to the National Bank of Ukraine (NBU), as of June 25, 2021, the shareholders of PINbank were also Oleksandr Shandruk with a 9.51% stake.Bank Credit Dnipro was founded in 1993. As of January 1, 2021, according to the National Bank of Ukraine, the only shareholder of the bank was Oleksandr Yaroslavsky.According to the NBU, as of October 1, 2021, Bank Credit Dnipro was ranked 19th in terms of total assets (UAH 19.781 billion) and PINbank 44th (UAH 3.698 billion) among 71 operating banks.

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UKRAINIAN TRANSPORT COMPANIES RAISE PASSENGER TRAFFIC IN JAN-OCT

Ukrainian transport companies carried almost 2.215 billion passengers in January-October 2021, which is 4% more than in the same period in 2020, the State Statistics Service has reported.The passenger turnover of transport companies in January-October 2021 amounted to 53 billion passenger-kilometers, which is 28.4% more than last year.According to the State Statistics Service, 69.4 million passengers used rail transport in January-October (including city commuter train services), which is 20.8% more than in January-October 2020, and 911.6 million passengers were carried by road (1.1% more).Air transport increased passenger traffic by 91.8%, to 8.2 million people.In addition, according to the State Statistics Service, in January-October 2021, some 331.1 million passengers used trams (5.8% less compared to January-October 2020), 399.3 million used subway (18.9% more), and 495.3 million used trolleybuses (3.4% more).During the specified period, water transport carried 500,000 passengers (72.5% more).

UKRAINE PROCESSES ALMOST 80 MILLION TONS OF GRAIN AND LEGUMINOUS CROPS

Ukraine since the beginning of this season and as of November 25, 2021 has threshed 79.73 million tonnes (3.06 million tonnes more per week, November 18 through November 25) of the main grain and leguminous crops from an area of 15.19 million hectares, according to a report on the website of the Ministry of Agrarian Policy and Food on Friday.According to the ministry, the harvesting of grains and legumes has been completed in five regions: Dnipropetrovsk (4.81 million tonnes in total), Mykolaiv (3.79 million tonnes), Kherson (3.51 million tonnes), Donetsk (2.27 million tonnes) and Ivano-Frankivsk (0.93 million tonnes) region.At the same time, the leaders in harvesting were Vinnytsia with an indicator of 6.21 million tonnes, Poltava (5.57 million tonnes), Chernihiv (5.43 million tonnes), Odesa (5.13 million tonnes), Kharkiv (4.87 million tonnes), Dnipropetrovsk (4.81 million tonnes) and Cherkasy (4.31 million) regions.In total, 102.23 million tonnes (3.48 million tonnes more per week) of major cereals, legumes, oilseeds (as well as sugar beets dug out) have been harvested this season from a total area of 23.97 million hectares.As the ministry said, 35.07 million tonnes of corn from 4.78 million hectares (87% of the forecast) were harvested as of the indicated date.In addition, 16.17 million tonnes of sunflower (0.38 million tonnes more) were harvested from 6.47 million hectares (99% of the forecast).Farmers of Ukraine also dug up 10.53 million tonnes (0.28 million tonnes more) of sugar beet from 222,700 hectares (98% of the forecast).The ministry marked the end of the harvesting of buckwheat – 110,000 tonnes from 84,200 hectares.The Ministry of Agrarian Policy also reminded of the end of the harvesting of rapeseed, of which 2.91 million tonnes were harvested from an area of 1.01 million hectares, 182,800 tonnes millet were harvested from 77,600 hectares. In addition, the soybean harvest amounted to 3.42 million tonnes on 1.28 million hectares.The average yield of wheat as of November 25 was 4.62 tonnes per ha, barley – 3.91 tonnes per ha, corn – 7.325 tonnes per ha, sunflower – 2.497 tonnes per ha, soybeans – 2.673 tonnes per ha, rapeseed – 2.86 tonnes per ha, sugar beet – 47.29 tonnes per ha, peas – 2.419 tonnes per ha, buckwheat – 1.301 tonnes per ha, millet – 2.45 tonnes per ha.

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UKRAINE SEES FURTHER DECLINE IN DAILY COVID MORBIDITY

Ukraine has registered 5,804 new cases of COVID-19, 10,477 recoveries, and 297 deaths in the past 24 hours, the Ukrainian Health Ministry said on Monday.“Over the past day, November 28, Ukraine has recorded 5,804 new cases of COVID-19, including 530 children and 72 medical workers, while 93,970 people have been vaccinated for COVID-19, among them 31,069 persons who received their first shot and 62,901 who have completed vaccination. In the past 24 hours, 2,082 people have been hospitalized, 297 have died, and 10,477 have recovered,” the Health Ministry said on Telegram.Since the beginning of the pandemic, Ukraine has seen a total of 3,427,827 coronavirus infections, including 2,920,714 recoveries and 85,414 deaths.As of this date, 13,320,532 people have been vaccinated for COVID-19, including 13,320,530 who have received their first shot and 10,967,700 who have completed vaccination.

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DTEK FINDS ZELENSKY’S STATEMENTS AS UNFAIR

DTEK Energy has called the statements made by President of Ukraine Volodymyr Zelensky as unfair and groundless.”Statements that have been made by the top leadership of the state today, DTEK considers to be unfair and groundless,” the website of energy holding said on Friday evening, November 26.At the same time, the company said that instead of the necessary support in the context of the global crisis, it faces pressure and discrimination.”DTEK always helps the state and also needs support during the unprecedented global crisis. Instead, we face constant pressure, fabricated accusations, and discrimination,” the company said.According to the company’s estimations, today, the state’s total debt to DTEK reaches over UAH 15 billion.The company, in particular, said that DTEK was the only one out of almost 1,000 companies to which the state has not repaid the debt yet for the produced green electricity “for unknown reasons”.As reported, the rate of DTEK Energy eurobonds maturing in 2027 collapsed by 11.6% on Friday immediately after the accusations of Ukrainian President Volodymyr Zelensky against the company and its owner Rinat Akhmetov at a press conference on Friday.According to information in the Bloomberg terminal, the fall reached 13.3%, but then it was won back somewhat.They reacted with a 0.5% decline to the president’s words and the quotations of DTEK Renewables bonds maturing in 2024, but then they almost returned to their previous level, falling short of only 0.1%.With regard to eurobonds of the Metinvest mining and metallurgical group maturing in 2029, of which Akhmetov is also the majority owner, their rate fell by 1.4%.Zelensky said that he had undercover information that they were discussing Rinat Akhmetov’s participation in the coup d’etat in Ukraine with representatives of Russia.The president said that businessman Rinat Akhmetov is being “set up”. “I believe that this is a set-up of businessman for Rinat Akhmetov. I believe that this is an operation, he is being dragged into a war against the state of Ukraine. I believe that he started it, and unfortunately, it will be his big mistake, because one cannot fight against your people, against the president who was elected by the people of Ukraine.”On the issue of coal supplies to Ukraine for thermal power plants, the president said that it was possible to provide them from the United States thanks to his agreements at the highest level in this country, while he called on private generation to unite efforts to ensure the passage of the heating season.”This should be solidarity work. If it’s bad with this or that country and they officially cannot sell you some kind of coal, then a private structure should come, help and buy. If I agree at the highest level, I repeat, at the highest level from the United States, so that 11 ships of coal would sail here. Do you think that I said that you should give us, but don’t give DTEK? Nothing of this kind. I say ‘us.’ The heating season is in our country,” Zelensky said at the same press conference.Earlier, Zelensky announced the supply of coal to Ukraine in the amount of seven Panamax ships (about 500,000 tonnes), which should protect Ukrainians, in his opinion, from consumption restrictions.DTEK, for its part, said that these supplies from the United States and Colombia were contracted by it. The first ship for PJSC Centrenergo arrived in Ukraine on November 20, another six are expected in November-January.

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SWEDISH H&M TO OPEN SIXTH STORE IN KIEV

Swedish fashion retailer H&M will open its sixth store in Kyiv on December 10 in the Respublika Park shopping and entertainment center, the press service of the retailer reported.
“We are pleased to announce the opening of an H&M store in the Respublika Park shopping and entertainment center. By increasing the number of outlets in Ukraine, we continue to provide the best customer experience and follow our constant principle – fashion and quality at the best price with care for the environment,” Regional Manager of H&M in Ukraine and Eastern Europe Mehmet Arisoy said.
The store with a total area of about 2,200 square meters is made in a new brand concept with the least impact on the environment. The materials used in the interior are more environmentally friendly, and the lighting with the most modern LED technologies, combined with an innovative ventilation system, reduces the store’s carbon footprint by 40%.
The H&M store will present clothes for the whole family. On the day of its opening, there will be a special offer – discounts up to 50%.
“The opening of H&M in the Respublika Park shopping and entertainment center is an opportunity to become even closer to our customers. I am sure that due to its location in a dynamically developing area of the Ukrainian capital, as well as the innovativeness and attractiveness of the shopping and entertainment center itself, the new store will very soon become a favorite shopping destination for Kyiv residents,” Olha Oliynyk, PR & Marketing Manager of H&M in Ukraine, said.
As of November of this year, the H&M chain in Ukraine has eight outlets: five in Kyiv, one each in Odesa, Kharkiv and Lviv.
The Swedish company Hennes & Mauritz AB (H&M), the owner of the second largest clothing store chain in Europe, opened the first store in Ukraine in 2018.
H&M Hennes & Mauritz LLC was established in 2013. According to the data of the Unified State Register of Legal Entities and Individual Entrepreneurs, the ultimate beneficiary is Stefan Persson (Sweden).

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