The nationalized PrivatBank could be ready for the privatization no earlier than 2022, Head of the supervisory board Engin Akcakoca has said. It would be premature to talk about the privatization of PrivatBank in 2020, as the approved strategy of the bank to implement this task is designed for the period until 2022. “The successful … Read more
Myronivsky Hliboproduct (MHP) in the first quarter of 2018 received $90 million of net profit, which is 1.6 times more than for the same period in 2017. According to the holding report on the website of the London Stock Exchange (LSE), its revenue increased by 10%, to $306 million, export revenue was $162 million (53% … Read more
EuroChem Mineral and Chemical Company, a major Russian fertilizer producer, has exited the Ukrainian market with the divestment of its 100% stake in Ukrainian distribution subsidiary, Agrocentre EuroChem-Ukraine, the company said in a press release. “Recent actions in Ukraine to restrict foreign suppliers of fertilizers, and expectations of a further deterioration of the business climate, … Read more
U.Ventures investment fund, founded by Western NIS Enterprise Fund, has invested $1.15 million in Ukraine’s startups YouTeam, 3DLook and Pufetto, the fund has said. “Ukraine has prominent product companies and startups that make revolutionary products and are highly competitive on a global market, and YouTeam, 3DLook, and Pufetto are dazzling examples of this. We are … Read more
The government of Ukraine has approved the strategy for the revival of the national aircraft industry for the period until 2022. The relevant draft resolution of the Cabinet of Ministers, developed by the Ministry of Economic Development and Trade, was adopted at a government meeting on May 9 without discussion. The Ministry of Finance was … Read more
Foreign investors actively study materials, come to look at assets and meet with owners, which is evidence of gradual resumption of the interest to Ukrainian assets, according to the 18th edition of the Ernst & Young Global (EY) Capital Confidence Barometer (CCB). “So, we should hope for the return of foreign investors to the capital … Read more
Ukraine seeks to take part in several projects in Egypt, in particular projects on modernization of a steel works and reconstruction of a coke-oven battery for a company, Ukraine’s First Deputy Prime Minister, Minister for Economic Development and Trade Stepan Kubiv has said. “Ukraine is ready to undertake several projects in Egypt. The first one … Read more
Agricultural holding Myronivsky Hliboproduct (MHP) sold 135,307 tonnes of chicken meat in January-March 2018, which is 9% more than in the same period of 2017. The average selling price of the produce in Q1 increased by 23% year-over-year the year, to UAH 38.78 (excluding VAT) per kg, MHP said in a report on the website … Read more
Ukrainian enterprises in 2017 posted UAH 153.218 billion in pretax profit, which was 1.6 times up on 2016, when their pretax profit was UAH 94.039 billion, the State Statistics Service of Ukraine said on Monday. The enterprises that were in the black posted UAH 457.3 billion in profit in 2017, which was 36.2% up on … Read more
Kyiv-based PrJSC Imperial Tobacco Production Ukraine’s net profit fell by 77.3% in 2017 from 2016, to UAH 99.42 million. The company’s net revenue from sales rose by 31.7%, to UAH 2.7 billion, it said in an annual report posted in the information disclosure system of the National Securities and Stock Market Commission. In 2017, the … Read more