Business news from Ukraine

ECO-SNACK INVESTS UAH 100 MLN IN EXPANSION

Eco-Snack (Vinnytsia), which produces natural confectionery products under the Bob Snail trademark, plans to build an industrial and warehouse complex with administrative premises in Vinnytsia with an investment of up to UAH 100 million, deputy mayor of the city Andriy Ocheretny said on Facebook. According to him, the executive committee of Vinnytsia City Council on September 23 decided to issue the company with town-planning conditions and restrictions on design in Zulinsky Street.
The total number of jobs will be up to 350 people, Ocheretny said.
According to the Eco-Snack certificate, the company was established in 2016, started with one production line and 15 employees. Currently it has several facilities in Vinnytsia. The number of employees increased to 245 employees in 2020 and 347 in 2021. The range of products exceeds 100 names, including recently it has been expanded to include fruit purees. According to the company, it exports its products to 22 countries of the world.
Eco-Snack LLC in 2020 increased its net profit by 68.5%, to UAH 52.64 million, revenue – by 58.3%, to UAH 252.58 million.
According to the data in the state register, the owners of the company on a parity basis are Mykhailo Severchuk from Kyiv and Yevhen Shuhayev from Vinnytsia.

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LCF LAW GROUP ANNOUNCES EXPANSION OF ITS BUSINESS

LCF Law Group has announced the expansion of its business by adding the teams of the Evris Law Firm and the Sheverdin and Partners attorneys association and introducing new practices.
The company said in its press release that it launches such new practices as tax law, antitrust and competition law, intellectual property law, as well as criminal law and cross-border investigations.
As a result of the integration of two law firms, the company’s team will increase to more than 60 lawyers, including nine partners.
The executive team remains unchanged: Managing Partner Hanna Ohrenchuk and Senior Partner Artem Stoyanov.
The integration will be fully completed by the end of May 2020.

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