Friday, November 19

As part of its plan to diversify its business, MHP has started to produce beef.

 The company purchased the beef producer, Lubnymyaso for $1.84 mln.  Located in Lubny in the Poltava region, the company produces and sells beef under the Scott Meat brand.  “The move into beef production is part of a program to transform MHP into a culinary company with a focus on value-added products”, said MHP’s Financial Director (Interfax).

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The leading agricultural producer in Ukraine, Myronivsky Hliboproduct (MHP) has reported profits of $377 mln in 2021.

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The newly-elected Chancellor, Olaf Scholz, is ready to support Ukraine’s move towards EU membership. The coalition agreement of the new German government contains a clause stating its readiness to support Ukraine’s movement towards membership in the European Union. The agreement reads, “We will work together with the EU and its Member States to further develop the Eastern Partnership and a market economy. It is also noted that the German government will continue to assist Ukraine in restoring its full territorial integrity and sovereignty”.

A senior EBRD delegation is starting a week-long trip to Ukraine to meet with the country’s authorities and private sector companies. The delegation will include Alain Pilloux, the Vice President of Banking and in charge of Bank lending; and Mark Bowman, the Vice President for Policy and Partnerships.  The visit is to reconfirm the EBRD’s support for Ukraine, its reform agenda, and sustainable development. Discussions will focus on the decarbonization of the Ukrainian economy in line with the country’s updated Nationally Determined Contribution, the development of sustainable infrastructure, and the investment