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companies in Ukraine last year, according to State Tax Service figures analyzed by Liga.net. About $4.5bn flowed through the cash registers of the 1,200 stores of the national chain last year. Despite the recession, ATB’s net income was up 18% y/y. By comparison, Silpo ranked seventh in revenues, up 3% to about $2.3bn. The Tax Service now posts revenue, profit and loss data for 18,600 Ukrainian companies and 386,500 small and micro businesses.
One of Russia’s fastest-growing supermarket chains, Svetofor, has plans to expand its discount retailer Mere in Ukraine and open 40 new stores in 2021, according to Mere’s director in Ukraine Artem Khomenko. The company already has one store in Mykolaiv, a city of 486,000 people, nearly 478 kilometers south of Kyiv. Over the next week Mere will open stores in Bila Tserkva, Chernivtsi and Dnipro. Khomenko told the Kyiv Post that Mere plans first to enter cities with a population of over 6,000 people but eventually Kyiv as well. In Ukraine, Mere will compete with the country’s largest discount retailer ATB that has over 1,130 local supermarkets and serves nearly 4.5 million Ukrainians every day.
9.2.6 Agriculture corporate news
9.2.7 TMT corporate news
9.2.9 Utilities corporate news
● Kernel
Kernel owned by Andriy Verevsky, the agro-giant exported 5.7mn tons of corn in 2020 and set a 9.5mn tons target for 2021, the company reported. Kernel has the largest land bank in the country of 530,000 hectares.
Nova Poshta has opened three more regional terminals, each capable of processing 120 parcels a minute. With each facility estimated to cost $1.5 million, terminals have opened in Chernivtsi, Slavyansk and Vinnytsia. A total of 209 jobs were created. Earlier this year, the privately owned delivery company opened similar centers in Cherkasy and Mykolaiv and doubled its center in Kyiv. Last year, Nova Poshta’s profit rose 27% for $36 million.
Ukrainian energy giant DTEK Energy may be prepared to sell off its power stations and coal mines to improve its environmental, social and governance (ESG) score and meet the goals of countries effort to become carbon neutral. DTEK CEO Maxim Timchenko made the announcement During an interview with the Ekonomichna Pravda on June 1. The company has already announced that it has adopted a strategy to move towards green energy and is also looking to expand in western Europe where ESG standards are stricter. Ukraine remains heavily dependent on coal to fire its power stations and DTEK operates several coal mines to produce fuel for its power stations. The government has recently introduced Ukraine’s 2060 target for carbon neutrality plan that calls for the sector to wean itself off coal as a fuel source. The plan is part of a wider alignment with the aims of the European Union’s Green Deal, which sets a net-zero carbon target for 2050.
67 UKRAINE Country Report July 2021 www.intellinews.com