Business news from Ukraine

UKRAINE INCLUDES 14 AIRPORTS IN PRIORITY INVESTMENT PROJECTS LIST UNTIL 2023

The list of 103 priority investment projects until 2023, approved by the Cabinet of Ministers at a meeting on Wednesday, includes 14 airports.
According to the accompanying documents to the decree, in particular, in the specified list, the resumption of core activities and further development of the international airport in Cherkasy; reconstruction of the airfield of Ivano-Frankivsk International Airport; reconstruction of the international airport in Chernivtsi (all are funded from the state and local budgets, investor funds).
In addition, the priority is given to modernization of the material and technical base of Kherson International Airport (funding from the state and local budgets, credit funds); reconstruction of the international airport in Vinnytsia, the international airport in Odesa (the third stage of construction); the international airport in the city of Dnipro; construction of a new airport in Zakarpattia; reconstruction of the international airport in Poltava (all are funded from the state and local budgets, investor funds).
In addition, it is planned to renew the infrastructure of Rivne International Airport municipal enterprise (exclusively at the expense of the investor); to renovate the runway, buildings, networks of Sumy Airport municipal enterprise (at the expense of the state and local budgets, investor funds, credit funds); to reconstruct international airports in Kryvy Rih and Mykolaiv (at the expense of the state and local budgets, investor funds); to reconstruct and modernize the airport in Zhytomyr (at the expense of the investor and the state budget).

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EXPERTS ANALYZE AND COMPILE LIST OF MOST HARMFUL FOOD ADDITIVES

It’s no secret that the food industry both in the world and in Ukraine can no longer do without chemical additives. Dyes, preservatives are used by manufacturers of confectionery products, dairy products, drinks, sausages and much more.
The Club of Experts project and Doctor of Biological Sciences Sviatoslav Morozov analyzed all food additives and made a rating of the top ten most harmful food additives.
The expert notes that in the 21st century many products cannot be produced without special additives due to the technical nuances of their production. Most of the additives are intended to extend the shelf life of food for transporting these products both across the country and around the world.
The Club of Experts and Sviatoslav Morozov defined ten main additives in products among those undesirable for frequent use: E211, E122, E124, E110, E952, E131, E105, E107, E222, E126. A conscientious manufacturer, according to the law, must indicate the full composition of the product on the packaging, therefore, when buying a food product, one should pay attention not only to the expiration date, but also to what this product is made of.
How harmful E additives are, what can be the consequences for health, which human organs they can affect and how to minimize such an effect on the human body, watch the new issue of the Club of Experts project on the YouTube channel

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 23/11/20

National bank of Ukraine’s official rates as of 23/11/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF NOVEMBER 23

Official rates of banking metals from national bank as of November 23

One troy ounce=31.10 grams

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UKRAINIAN BUSINESS OF DANISH PIG-BREEDING COMPANY GOODVALLEY INCREASES EBITDA IN UKRAINE BY 81%

The Ukrainian business of the Danish pig-breeding company Goodvalley, which assets are also located in Poland and Russia (formerly Danosha), in January-September 2020 saw EBITDA of DKK 125 million, which is 81.2% better than this indicator in January-September 2019.
Adjusted EBITDA rose by 76.5% to DKK 120 million, while revenues grew by 10.6%, to DKK 343 million, according to the company’s report last week.
The company said that in the third quarter of this year compared to the third quarter of last year, it managed to increase EBITDA 2.4 times, to DKK 34 million, adjusted EBITDA – by 80%, to DKK 27 million, but its revenue decreased 6.5%, to DKK 129 million.
According to the report, sales of pigs in live weight in the third quarter were stable, having decreased by 1.8% compared to the third quarter of last year, to 10,700 tonnes. The average realized price per kilogram decreased by 14.4% over the year as a result of the fall in the exchange rate, to DKK 11.37 from DKK 13.28.
Goodvalley clarified that 77% of the revenue of the Ukrainian segment came from sales of live pigs, and 23% from sales of grain crops and energy.
The share of the Ukrainian segment in the total revenue of the group was 34%, the Polish – 55%, the Russian – 11%, while the adjusted EBITDA was higher – 44% compared to 27% from the Polish business and 29% from the Russian one.
According to the report, in January-September of 2020, sales of pigs in live weight in the Ukrainian segment grew by 11.2% to 31,700 tonnes.
In general, Goodvalley’s revenue in the first nine months of this year increased 0.8%, to DKK 1130 million, EBITDA 6.7%, to DKK 224 million, and adjusted EBITDA increased 39.5%, to DKK 258 million.
In the third quarter of this year, the company’s revenue decreased 8.5%, to DKK 379 million, EBITDA 47.6%, to DKK 33 million, and adjusted EBITDA 18.3%, to DKK 58 million.
Goodvalley ended the first nine months of this year with a net loss of DKK 11 million versus DKK 120 million in net income in the first nine of last year, but adjusted profit rose 3.7 times, to DKK 95 million.
In the third quarter, the net loss amounted to DKK 50 million versus the net profit of DKK 26 million in the third quarter of last year, and the adjusted net profit fell by 83.3%, to DKK 3 million.
Goodvalley is engaged in pig farming in Ukraine, Poland and Russia. The group is also engaged in crop production, production of compound feed, biogas and electricity. It includes 34 farms and nine biogas plants. Goodvalley has a land bank of 38,300 hectares.
Goodvalley in 2019 increased its net profit to DKK 188 million from DKK 22 million in 2018. The company’s revenue rose 3.6% last year, to DKK 1.53 billion.

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