DIM announces a change in the policy of assignments in a number of its projects, namely in the complexes: Lucky Land, OLEGIV Podil, Park Lake City, Metropolis and A136 Highlight Tower.
From now on, any actions with assignment agreements, which provide for the transfer of rights and obligations under real estate purchase and sale agreements from one buyer to another, will be suspended. This step is a common practice in the real estate market and is aimed at ensuring stability and control over the construction completion process.
The change in policy will allow DIM to avoid speculation, ensure transparency of transactions, protect the interests of both investors and end buyers, and speed up the commissioning of properties.
In January-June this year, Ukrainian banks increased their net profit by UAH 11.4 billion, or 16.8% compared to the same period in 2023, to UAH 79.04 billion, the National Bank of Ukraine (NBU) reported.
“The main factors of profitability are the maintenance of a high net interest margin and almost zero allocations to provisions for losses from active operations,” the NBU explained the reasons for the increase in profitability.
“In the first half of the year, only seven small banks out of 62 solvent banks were unprofitable with a total loss of UAH 171 million,” the NBU said.
According to the NBU, the profitability of banks’ core assets continued to decline in the second quarter. In particular, it fell most rapidly for NBU certificates of deposit, which led banks to reduce their investments in these securities, the regulator said.
At the same time, interest rates on domestic government bonds (OVDPs) also went down, but the volume of investments in them grew.
“It is due to the increase in assets that banks have maintained a fairly high net interest margin and increased revenues,” the regulator emphasized.
It is noted that the return on equity of banks in the first half of 2024 amounted to 48.4%, which is lower than the same indicator in the first half of 2023, which was 56%.
The amount of income tax accrued by banks in the first six months of this year amounted to UAH 21.9 billion, compared to UAH 12.4 billion in the same period last year, as the income tax rate was increased from 18% to 25%.
According to the NBU, the banking system’s net profit last year amounted to UAH 82.8 billion after charging UAH 76.2 billion in income tax at the increased rate of 50%.
Beer production in Ukraine in January-July 2024 reached 84.4 million dal, up 6.9% compared to the same period in 2023, according to the website of the industry organization of brewers Ukrpyvo.
“The expert estimate of beer production in Ukraine for 7 months of 2024 is 84.4 million dal, or 106.9% compared to the same period in 2023. At the same time, this figure is only 80.9% of the production volume for 7 months of 2021,” the statement said.
Beer production in Ukraine in 2022 decreased by 27.9% compared to 2021 – to 122.8 million dal.
By the end of 2022, the brewing industry had partially recovered from a 50% drop in production in the first quarter due to the Russian invasion and the shutdown of some breweries.
Thus, in the first four months of the year, the decline amounted to 42.8% compared to the same period in 2021, January-May – 36.4%, January-June – 32%, January-July and January-August – 31.6% each, January-September – 30.5%, January-October – 28.6%, January-November – 28.1%, and 27.9% in the previous year.
“In January-July 2024, the Ukrainian Gas TSO purchased 128.1 million cubic meters at the Ukrainian Energy Exchange (UEEX), the company’s press service reports.
According to it, the operator concluded 82 agreements with 18 sellers, in particular, in July, GTSOU bought 29.9 million cubic meters at the UEEX, concluding 18 contracts with 10 sellers.
“The operator is interested in expanding the range of counterparties and building long-term mutually beneficial relations with the market. The company plans to actively offer participants a full list of procurement products, in particular to non-resident participants with the delivery of “border of Ukraine” and with the delivery of UGS “customs warehouse”,” the statement said.
GTSOU provides natural gas transportation to consumers in Ukraine and the European Union.
Change in consumer prices in 2023-2024
Source: Open4Business.com.ua
Poninkivska Cardboard and Paper Mill-Ukraine (PKPF-Ukraine, Khmelnytsky region), a major Ukrainian corrugated cardboard producer, increased its corrugated packaging output by 19.9% in January-July 2024 compared to the same period in 2023, to 55.5 million square meters.
According to Ukrpapir Association statistics provided to Interfax-Ukraine, the plant continues to be one of the top three producers of corrugated packaging after Kyiv Cardboard and Paper Mill and Trypillia Packaging Plant.
Over the seven months, the company also increased its production of containerboard by 1.3% to 44.1 thousand tons, and produced more paper by 86.8% to 0.62 thousand tons.
In monetary terms, in January-July, PCBF-Ukraine produced products worth UAH 1 billion 529 million (+15.5%).
As reported with reference to the data collected by the association from the main enterprises of the industry, in January-July 2024, the production of paper and cardboard in Ukraine increased by 4.2% compared to the same period in 2023 – up to 340.35 thousand tons, cardboard boxes – by 18.5%, up to 334.89 million square meters.
Poninkivska Paper Mill (formerly Poninkiv Cardboard and Paper Mill), once the largest producer of school notebooks, now has one main production line – paper and cardboard, producing mainly corrugated cardboard and corrugated packaging, as well as wrapping and waste paper.
The plant is part of the United Cardboard Company-Ukraine (UCC, Lutsk) owned by businessman Mykola Lobov, whose production assets include, among others, Lutsk KPF-Ukraine (Volyn region), which produced 36.7 thousand tons of various cardboard (4.8% more) and 27.7 million square meters of corrugated boxes in seven months (according to Ukrpapir).
As reported, in 2023, PCPF-Ukraine produced products worth almost UAH 2 billion 450 million, up 3% year-on-year. Net profit increased 2.7 times to UAH 27 million.
