From the sale of enterprises of “Ukrspirt” the state plans to raise between 200 and 400 million dollars

From the sale of enterprises of “Ukrspirt” the state plans to raise between 200 and 400 million dollars

01.08.2016 News

ukrspirtFrom the sale of enterprises of “Ukrspirt” the state plans to raise between 200 and 400 million dollars. This was announced by Minister of Agricultural Policy Taras Kutovojs in an interview.

“The market itself will determine the amount. According to the forecasts, I think it should be from 200 to 400 million dollars “, – the minister said. The sale process, according to him, will be extended in time. But the first round of the sale of plants that produce food alcohol “should bring from $ 200 to $ 300 million dollars.” Should be noted that the “Ukrspirt” also includes plants that produce industrial alcohol.

According to the minister, only two countries in the world still retain a state monopoly on alcohol production – Ukraine and Belarus.
“For me it is a marker in the context of privatization processes and generally the sign which improves the growth of efficiency of state-owned enterprises.

I would like to transfer the enterprise “Ukrspirt” to the Property State Fund until end of the year. ” – the minister said.
He also noted that today about 2/3 of the alcohol market are in the “shadows.” “Statistics show that retail selling of vodka three times more than produced of alcohol. This suggests that at least 2/3 of this market is in the shade. And the budget losses are not losses of the companies that produce alcohol, losses are in loss on excise duty. If conditional on profits we loose 600-700 million, in the context of excises, which were underpaid – we lose about 3-5 billion dollars, “- said Taras Kutovoy.

Recall the Ministry of Agrarian Policy and Food plans to earn from the privatization of SOE “Ukrspirt” 3-5 billion hryvnia. It was reported that among 81 factories currently works only 25 plants and 34 plant are in the process of the production site.

State Enterprise “Ukrspirt” is the largest producer of high-quality alcohol and alcohol products in Ukraine.
Employees of the company are constantly improving commodity lines and developing new offerings. One of the most priority areas of production now are bioethanol and an alternative motor fuel component

Read more: Hungarian businessmen are ready to develop Ukrainian winemaking

Other articles

  • globallogic healthtech 1
    News

    GlobalLogic engineers help create nearly 10% of the global medical device market

    Last year, the global medical device market reached $532.62 billion, according to Mordor Intelligence. Ukrainian engineers are involved in the projects of key players, which occupy almost 10% of the market. This share can be estimated at 50 billion US dollars*. Domestic specialists create more than a hundred software solutions of various levels. These include […]

  • 2779913
    News

    Twitter працює над відновленням відеосервісу Vine

    Новий власник Twitter Ілон Маск доручив інженерам попрацювати над перезавантаженням Vine, яке може бути готове до кінця нинішнього року. Про це повідомляє Axios. Зазначається, що інженерам компанії необхідно вивчити стару кодову базу відеосервісу, яка не змінювалася та не оновлювалася з моменту закриття, а саме з 2016 року, коли з’ясувалося, що майданчик не витримує конкуренції. Втім, одне з […]

  • picturepicture 156446930057951110266878 96171
    News

    CREDIT AGRICOLE TOPS THE SOCIAL RESPONSIBILITY RATING AMONG BANKS ACCORDING TO STANDARD-RATING

    Credit Agricole has been ranked first in the social responsibility rating of the banking sector, created by Standard-Rating based on the 2022 half-year results. The rating agency commended the bank’s contribution to the economy of Ukraine. The bank has paid UAH 100 million in taxes in advance, while issuing UAH 1.2 billion in loans under […]

  • impact automotive
    News

    How Ukrainian developers make impact on road safety

    From October 1, drivers must turn on the dipped headlights of the car outside the city. This helps to additionally mark the vehicle in conditions of low visibility within the autumn-winter period. GlobalLogic reminds about the importance of compliance with traffic rules and tells about the developments of Ukrainian engineers that affect road safety. In […]

  • 750x450 press release image ua
    News

    Intellias completes acquisition of Digitally Inspired, strengthening expertise in the Retail and eСommerce industry

    Intellias, a global software engineering and digital consulting company, has announced the completion of its acquisition of Digitally Inspired, a fast growing, UK based peer, focusing on the Retail and eCommerce industry. “I am delighted to welcome the Digitally Inspired team to Intellias. It is symbolic that Intellias’ twentieth anniversary coincided with signing an agreement […]

  • shutterstock 1920327596
    News

    3×4, a recently-founded Ukrainian Web3 fundraising platform, launches its first campaign

    3×4, a Web3 fundraising platform for non-profits, has been launched in Ukraine to bring innovative crypto & NFT fundraising to the rising number of social impact causes. 3×4 helps non-profit organizations to fundraise utilizing NFTs in collaborations with artists and brands while providing donors utility, revenue and transparency. The idea of 3×4 was born in […]

  • 632595f853279441907151 730x410
    News

    The September, 29 will take place the international investment forum REBUILDING UKRAINE WITH THE PRIVATE SECTOR: International Investment Fair

    In order to present existing opportunities and draw attention of the international business community, UkraineInvest organizes an international forum with the participation of leading business representatives and expert environment of Ukraine and the world. The need to rebuild Ukraine creates a variety of attractive investment projects aimed at contributing to shaping a new economy of […]

  • Україна планує запровадити нове мито на імпорт
    News

    Україна планує запровадити нове мито на імпорт

    Проект, що його розробляє уряд, визначає введення 10% збору на купівлю іноземної валюти імпортерами. Деталі ініціативи Кабміну повідомив нардеп Ярослав Железняк, який є заступником голови податкового комітету Верховної Ради. “Тут варто зазначити, що обрана концепція не передбачає додаткових імпортних мит (що є складним при адмініструванні), а визначає запровадження 10% збору на валютообмінні операції із купівлі всіх […]

Read also

From the sale of enterprises of “Ukrspirt” the state plans to raise between 200 and 400 million dollars
News

The Security Service of Ukraine disclosed the company that tried to assign 37 million UAH from Agrarian Fund

The Security Service of Ukraine (SSU) has disclosed the company in Rivne region, which was trying to assign means of “Agrarian Fund”, PJSC, said the SSU press-center. According to the report, “Agrarian Fund”, PJSC has concluded the exchange transaction with a private company for the supply of 16 thousand tonnes of wheat worth over 67 […]

Next
From the sale of enterprises of “Ukrspirt” the state plans to raise between 200 and 400 million dollars
News

Important events in the business world for a week

LDaily prepared  the short overview of latest news in the sphere of business and finance for last week for the readers. If you missed something, it would  be a good opportunity  to correct it. 1. The NBU will start a new system for carrying out the currency transactions Within the last press conferences representatives of the […]

Next
From the sale of enterprises of “Ukrspirt” the state plans to raise between 200 and 400 million dollars
News

The NBU estimated payments on public debt for the year

Over the next 12 months, Ukraine must pay $ 10 billion from its foreign currency debt. This is stated in the June report of the National Bank on financial stability. “Over the next 12 months, only foreign currency payments of the government and the NBU on public and guaranteed debt will exceed $ 10 billion. […]

Next
From the sale of enterprises of “Ukrspirt” the state plans to raise between 200 and 400 million dollars
News

The Cabinet of Ministers has approved an energy security strategy

The Cabinet of Ministers at a meeting on Wednesday, August 4, approved an energy security strategy. During the presentation of the document, Energy Minister Herman Galushchenko said that the strategy identifies, in particular, 29 threats to energy security, the key of which are cyber threats, Russian aggression, depreciation of fixed assets, lack of energy reserves, […]

Next
48qccfzxr7m7hv3beac5pkbgmziyjiidkgggfevo
Analytics News

The instruction for the investor if the builder doesn’t fulfil the liability

Considering features of construction business of Ukraine, investors often come up against a situation when the builder isn’t able to fulfil properly the liabilities – whether it be a delay of the termination of a construction or “frost” of an object. As a rule, the majority of cases with liabilities execution suspension by the builder […]

Next
From the sale of enterprises of “Ukrspirt” the state plans to raise between 200 and 400 million dollars
News

“Gazprom” filed a lawsuit against the AMCU due to the fine of 86 billion UAH

According to the sources, “Gazprom”, JSC demands to annul the decision of the Antimonopoly Committee of Ukraine (AMCU) of the fine in the amount of 85.966 billion UAH through the Commercial Court of Kiev. The claim is registered in the court on April, 12. “Naftogaz of Ukraine” and “Ukrtransgaz” must be the third parties in […]

Next
From the sale of enterprises of “Ukrspirt” the state plans to raise between 200 and 400 million dollars
News

The National Bank withdraws another coin from circulation

National Bank removes from circulation 25 of coin. From October 1, a coin of this denomination ceases to be a means of payment. This was stated at a briefing by Deputy Head of the NBU Oleksiy Shaban, according to the website. According to him, from October by these coins will not be able to pay […]

Next
From the sale of enterprises of “Ukrspirt” the state plans to raise between 200 and 400 million dollars
News

Twitter will pay Turkey a fine in the amount of $ 51 thousand

Turkish government for the first time resolved  to apply penalties to the social network Twitter. Recently, Turkey  turned to Twitter with a formal request to delete from the site all the information with an extremist nature, the information that supports  terrorism. Twitter declined the request of the Turkish government and didn’t delete the corresponding positions […]

Next
From the sale of enterprises of “Ukrspirt” the state plans to raise between 200 and 400 million dollars
News

China will not sell TikTok to Americans

Beijing believes that the terms of the agreement of selling the US division of TikTok to Oracle and Walmart threaten China’s national security. According to Reuters, referring to the Chinese the Global Times, Beijing will not accept such conditions. At the same time, there has been no official government statement on the issue yet. The […]

Next
From the sale of enterprises of “Ukrspirt” the state plans to raise between 200 and 400 million dollars
News

The Verkhovna Rada has taken a step towards the legalization of cryptocurrencies

The Verkhovna Rada of Ukraine adopted in the first reading the draft law №3637 on virtual assets. LIGA.net reports, 230 people’s deputies voted for this document. According to the explanatory note, the market for virtual assets in Ukraine has been already formed and has existed for about five years, but it is completely outside the […]

Next
From the sale of enterprises of “Ukrspirt” the state plans to raise between 200 and 400 million dollars
News

Tesla received record profits

American electric car maker Tesla Inc ended the first quarter of this year with record profits, but the company’s revenue was slightly worse than market forecasts. This is stated in a press release from Tesla. Thus, the company’s net income in January-March was $ 438 million, or $ 0.39 per share, compared to $ 16 […]

Next
From the sale of enterprises of “Ukrspirt” the state plans to raise between 200 and 400 million dollars
News

Microsoft has accused China of cyberattacks

Microsoft has accused a group of hackers from China of attacking its mail server software. According to the company, the hackers “with a high degree of probability” were members of the Hafnium group. This group is probably funded by the state and operates outside China. In particular, the hacking campaign used four previously undiscovered vulnerabilities […]

Next
From the sale of enterprises of “Ukrspirt” the state plans to raise between 200 and 400 million dollars
News

WhatsApp will restrict the work of profiles that have not accepted the new rules

WhatsApp users who do not accept the new privacy policy will be restricted from using the application. The WhatsApp Help Center announced this on Sunday, February 21. Messenger allows users to read the new privacy policy until May 15. If the user does not accept them before, WhatsApp will limit the functionality of the account […]

Next
From the sale of enterprises of “Ukrspirt” the state plans to raise between 200 and 400 million dollars
News

Barclays was fined for the record $ 72 million sterling

A few days ago was received a blow to the reputation of one of the five largest deposit banks in England – Barclays. The financial institution was fined by regulators for the amount of 72 million pounds for failing in managing, evaluation and controlling financial risks. According to the supervisory authorities, Barclays made significant mistakes […]

Next
From the sale of enterprises of “Ukrspirt” the state plans to raise between 200 and 400 million dollars
News

Apple was deprived of a monopoly on payments for applications

Apple Inc, according to a lawsuit filed by Epic Games Inc., must allow mobile app developers to redirect users to alternative resources to pay for services in the App Store. The Wall Street Journal reported this. A 30% commission is now charged on each purchase. Judge Yvonne Gonzalez Rogers concluded that Apple’s practice was uncompetitive […]

Next
From the sale of enterprises of “Ukrspirt” the state plans to raise between 200 and 400 million dollars
News

Poland postponed the beginning of the exploration of gas in Ukraine

Polish oil and gas company PGNiG has postponed the start of gas exploration in Ukraine to the first half of 2021, said the head of the company Jerzy Kwentczycki. “PGNiG also intends to participate more actively in projects related to hydrocarbon production in Ukraine. The company plans to start exploring of the natural gas in […]

Next