Business news from Ukraine


Rinat Akhmetov with a $2.8 billion fortune is No.1 in the top 100 wealthiest businessmen of Ukraine, the total fortune of whom exceeded $31 billion, and compared with the peak 2013 the fortune of Akhmetov plunged by almost 83%, Forbes has said on its website. According to the ranking of the Forbes Ukraine publication, which was published first since 2016, the owner of Interpipe Group Victor Pinchuk with a $1.4 billion fortune came in at No. 2 and the fifth president of Ukraine, leader of the European Solidarity party Petro Poroshenko ($1.4 billion) is No. 3.
Poroshenko returned to the list of U.S. dollar billionaires after a five year break: in 2014, U.S. Forbes estimated his fortune at $1.3 billion.
Eight people in the list have a fortune no less than $1 billion, including two, who are the co-owners of the Epicenter hypermarket chain – Oleksandr and Halyna Hereha. The list of the U.S. dollar billionaires is locked by former owner of PrivatBank Ihor Kolomoisky.
The top 100 richest businessmen of Ukraine with the minimum net worth needed to be part of the exclusive club of $95 million is locked by the co-owner of the Tavria V supermarket chain Borys Muzalev.

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Kharkiv Palace five-star hotel belonged to businessman Oleksandr Yaroslavsky and Vertex Hotel Group, which operates President Hotel in Kyiv and Bristol, Londonskaya and Formula Wellness Spa in Odesa, are developing projects to launch casinos in their premises.
“The casino project we have been working for a long time, it is necessary that the legislative framework has come to a logical conclusion. We have experience on the use of our premises with potential investors. And this crisis does not stop these plans,” General Manager of Kharkiv Palace Hotel Atis Zaharans said during the online conference entitled “Hotel Market in Crisis.”
The facility has 171 rooms, three restaurants, and large conference rooms.
“At present, we continue to work, but we have removed part of the rooms to save money. We have saved only those rooms that are necessary. We serve all guests through the room service, since all the restaurants and bars are closed, as well as the spa center… Only several rooms are occupied, no more than a dozen or two,” Zaharans said.
According to Regional Director of Vertex Hotel Group Olena Varivoda, the company is also working on a project to open a casino in the hotel’s area, without indicating which one.
“We have the opportunity to open a casino in the hotel. There is a project that we are working on, an additional service – a casino – in our area. Project work is underway to prepare this part of the hotel,” she said.
She also added that since the beginning of quarantine in Ukraine, Vertex Hotel Group immediately closed hotels such as Londonskaya and Formula Wellness Spa. At the end of March, the President Hotel in Kyiv was closed, and at the beginning of April, the Odesa Bristol was closed too.

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Ukroagro Alliance (Nicosia, Cyprus) belonged to Vasyl and Yevhen Astion plans to acquire Khorol baby food plant LLC (Poltava region) and Khorol baby food plant Trade House LLC (Kyiv).
The Antimonopoly Committee of Ukraine could permit Ukroagro Alliance to buy a stake in the charter capital of the two companies exceeding 50% of the votes in the management bodies of the companies.
According to the unified public register of legal entities and individual entrepreneurs, Vasyl and Yevhen Astion are also founders of Dnipro Agro Group, which core business is the production, storage and sale of grains and oilseeds.
The enterprises of Dnipro Agro Group cultivate more than 50,000 hectares of land in Dnipropetrovsk region, grow wheat, barley, sunflower, and rape. The group owns three silos with a total storage capacity of about 125,000 tonnes.
Khorol baby food plant produces cereals, dairy products, water under the Maliutka, Malysh and other trademarks. The plant produces more than 20 kinds of products.
Qibox Financial Ltd. (Nicosia, Cyprus), owned by Serhiy Kobzar, is listed as the ultimate beneficiary of Khorol baby food plant and the trade house.

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