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

  • The Ministry of Justice won the lawsuit over the sale of Prominvestbank
    News

    The Ministry of Justice won the lawsuit over the sale of Prominvestbank

    The Kyiv Court of Appeal denied to Russia’s Vnesheconombank (VEB) in recognition of the decision of the arbitrator of the Arbitration Institute of the Stockholm Chamber of Commerce, which, at the request of VEB, the Ministry of Justice of Ukraine was obliged to stop the forced sale of 99.77% of Prominvestbank shares. The court agreed […]

  • The losses of Ukrainian farmers due to the drought were estimated at 118 billion
    News

    The losses of Ukrainian farmers due to the drought were estimated at 118 billion

    Ukrainian farmers may lose up to 118 billion hryvnias this year due to drought and frost. This was reported by the press service of the Agrarian Union of Ukraine. “This year, even the critically affected regions (Odessa, Mykolaiv, Kherson, Zaporizhia regions), despite the promises of the state, did not receive a single penny of assistance,” […]

  • IPO Snowflake may become one of the most popular in 2020
    News

    IPO Snowflake may become one of the most popular in 2020

    IPO Snowflake, which will take place on the NYSE, will be held at the higher price than announced in early September. On Monday, according to SEC applications, Snowflake, a company that makes storage software, raised its projected stock price to $ 100- $ 110, while the market valuation of the company could grow to $ […]

  • Visa and Vsi. Svoi have launched “Her business”, a contest to support Ukrainian women entrepreneurs
    News

    Visa and Vsi. Svoi have launched “Her business”, a contest to support Ukrainian women entrepreneurs

    The professional jury will select three winners who will receive UAH 100,000 for the development of their own businesses. The first-place winner will present products in her own “corner” in one of the two Vsi. Svoi stores on Khreshchatyk. All three winners will present their products at the online platform vsisvoi.ua and will receive mentor sessions […]

  • Microsoft will build two large data centers in New Zealand
    News

    Microsoft will build two large data centers in New Zealand

    The American corporation Microsoft has received permission from the New Zealand Department of Foreign Investment to build data centers in Auckland. This is stated in a statement issued by the agency on Wednesday. “New Zealand subsidiaries of Microsoft Corporation received management’s approval of foreign investments to purchase business assets, including various land, to further creation […]

  • The global M&A market in 2020 is approaching to $ 2 trillion
    News

    The global M&A market in 2020 is approaching to $ 2 trillion

    According to the Investor`s news, in 2020, the volume of transactions worldwide mergers and acquisitions (M & A) totaled $ 1.97 trillion. The publication noted that major transactions between IT-companies account for almost one fifth of the total. According to the global data provider and stock market infrastructure Refinitiv, the volume of the deals of […]

  • Wizz Air has canceled about 20 routes from Ukraine till March 2021
    News

    Wizz Air has canceled about 20 routes from Ukraine till March 2021

    Hungarian airline Wizz Air reduces the number of flights from Ukraine in the winter flight schedule. This was reported by lowcostavia. Dozens of flights from Ukraine were reduced – 12 routes are canceled by March 2021, even more destinations are temporarily suspended until the end of October. Flights from all cities of Ukraine have changed. […]

  • Oracle becomes a №1 candidate of buying the TikTok after the company rejected for Microsoft
    News

    Oracle becomes a №1 candidate of buying the TikTok after the company rejected for Microsoft

    Microsoft`s shares fell slightly on Monday before the opening of trading due to the news of the failure the deal of buying the popular application TikTok in Chinese ByteDance. Through the support of the deal by President Donald Trump, Shares of Oracle, which is considered №1 candidate of buying TikTok increased by 10% before the […]

Read also

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

Exceeding the limit of cash deal will be fined

The Ukrainians, who make financial transactions at a rate of more than 50 thousand UAH in cash, will be fined a minimum of 1700 UAH. Such a fact noted a practicing lawyer and human rights activist Arsen Marinushkin in his commentary for Gazeta.ua edition. In accordance with Article 163-15 of Ukrainian Codex of administrative delinquency […]

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

Berkshire Hathaway is investing $ 570 million in technology startup of the Snowflake

Warren Buffett’s US company – Berkshire Hathaway intends to invest more than $ 570 million in Snowflake, a cloud technology company. It was reported after Snowflake announced a price range for its future initial public offering. The company wants to get the estimate of $ 23.7 billion, writes the Financial Times. Snowflake said that during […]

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

Kolomoiskyi closes Ukraine Today

In Ukraine it will be one less source of information. Ukraine Today is an online channel with International broadcasting, which is owned by Ukrainian businessman and former owner of Privat Bank Ihor Kolomoiskyi. The fact that in the near future Ukraine Today will stop their work became known from the publication of General Director of […]

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

The Milk producer “Milkiland” expands its business

The “Milkiland” dairy group with assets in Ukraine, Russia and Poland completed the registration of one Polish and two Panamanian subsidiary trading companies in the first quarter 2016. According to the report of the group on the site of the Warsaw Stock Exchange, in Poland was registered UA TRADE Sp.zo.o., in Panama – Newholm Systems […]

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

Global automakers have lost $ 250 billion due to the pandemic

Global automakers lost about $ 250 billion in the first half of this year due to the coronavirus pandemic. It is noted that Toyota Motor Corp. and Volkswagen AG – the world’s two largest automakers in terms of sales – suffered the largest significant revenue losses in the first half. “Japan’s Toyota lost $ 35.45 […]

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

Amazon New Smart Dash Carts Let You Shop Without a Cashier

Amazon continues to change our shopping habits at grocery stores. Following the already well-known Amazon Go stores, the company focused on providing technological solutions for larger supermarkets with a wide range. In February, Amazon launched its first full-size Amazon Go supermarket in Seattle and announced selling the technology to other companies. Amazon is now announcing […]

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

A Federal Court instituted a criminal proceeding against a financial holding company Wilmington Trust Corp.

Federal Court of the United States filed a criminal charge to a large bank  Wilmington Trust Corp. Four former heads of Wilmington Trust Corp. – David Gibson, Robert VA Harrah, William North and Kevin Rakowski are accused of fraud. Professor of the Delaware University – Charles Elson said that it would be unusual criminal proceeding […]

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

Allseeds contests in court the decision of the Odessa Regional State Administration

Allseeds Group of companies, contests in court decisions of the Odessa Regional State Administration and the Vizirskyi  village council (Odessa region) about  the allocation of lands for berths of “Energy Products Co., Ltd.” (Odessa) in the”South”  Port, – it is reported by “Interfax-Ukraine”. “We were asking the Odessa regional administration and local authorities to allow […]

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

In Ukraine will be produced of up to 50 medicine products from India

At the pharmaceutical plant “Kusum Pharm” in Sumy by the end of 2019 the production will be doubled, which will allow to produce up to 50 new names of drugs. This will be possible thanks to the implementation of the import substitution program. This was told reporters co-founder and CEO Rajeev Gupta, during an official […]

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

PrivatBank is no longer private

On December 18 at 23:30 p.m. it was  posted the information on the site of the Governmental portal of Ukraine  that on  December 19, 2016, the PJSC Privatbank goes into 100 % ownership of the state. The text of the statement  also reports  that the decision was made at the meeting of the Cabinet of […]

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

MEET NEW NUTTY ENJOYMENT FROM AXA

Good news from products company Lantmannen AXA was not long in coming! Company asked consumers: “What ingredients do you add most often to granola?” One of the most popular answers is nuts. We launched Super nuts Granola! The design has acquired the corporate style of the AXA Granola line. In combination with oatmeal, crispy honey […]

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

The transactions of the Delta Bank at 22 billion UAH declared as negligible

Deposit Insurance Fund (DIF) in the period of the interim administration and liquidation of insolvent Delta Bank recognized as negligible 175 deals worth 22.292 billion UAH. According to the  DIF, in particular, to 11 business transactions, including the sale of the assets with the discount, or related parties, transaction of 12.2 million UAH were recognized […]

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

Top 5 of the best business schools

A Business, as well as any other sphere of professional activity, demands from the person a certain complex of knowledge, abilities and tendencies. In any case, if you actually plan to achieve stable success as the entrepreneur, the corresponding education will become some kind of catalyst in the course of achievement of this purpose. The  […]

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

What social projects are supported by business

LDaily decided to conduct a survey among the companies working in Ukraine to find out what social projects they support and why.       Anastasia Voitkevych, Head of Corporate Communications & Social Responsibility, Winner Group Ukraine Winner CSR has two focus areas — Charity and Responsible Business. Charity is philanthropy, Winner’s and its leadership’s […]

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

Why do the foreign investors need Chornobyl zone?

A number of investment companies in the world are interested to invest money in the construction of solar power plants in the Chоrnobyl zone. Among them are China, Germany, Austria and others. It is reported by investment portal InVenture. Head of Ministry of Environmental Protection of Ukraine Ostap Semerak stressed the fact that the Ministry […]

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

Commercial real estate of Ukraine

Today the commercial real estate market is experiencing not its best times. Expectations of both demand and supply growth, and, indirectly, the expectation of economic growth in general are the overall trends of recent years. Current market situation and perspectives Retail turnover for the last year amounted to 1 trillion 159 billion and 271 million […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com