Business news from Ukraine

Business news from Ukraine

Structure of foreign exchange reserves as of 30.10.2023

Structure of foreign exchange reserves as of 30.10.2023

Source: Open4Business.com.ua and experts.news

Toilet paper Obukhov 65: not cheap popularity, but national love based on impeccable reputation

Difficult wartime has affected both the purchasing power of Ukrainians and their behavioral habits. Due to frequent air raids, people prefer to make large-scale weekly purchases, but they prefer to see basic products of the economy segment and preferably of domestic production in their shopping carts. Toilet paper is always among the most necessary purchases. And how can you not make a mistake in choosing it?


Saving money can be expensive
Almost every consumer has experienced the disappointment of buying an ordinary roll of toilet paper at least once in their lives. A wrapper that couldn’t withstand transportation even in a hand-held shopping bag, a paper web that was not intact, pieces of waste paper left over from poor recycling, skin staining from using a colored product – and this is just a partial list of troubles that a buyer can get when purchasing a cheap product of dubious quality. But it’s not just about negative emotions from a bad purchase, as such paper can cause serious health problems for the user. Allergies, dermatitis, and even infections are the consequences of using low-quality toilet paper that require long and expensive treatment.
It is no coincidence that Obukhov 65 is a popular brand, as the Kyiv Cardboard and Paper Mill (KCPK) of the Austrian Pulp Mill Holding, where this toilet paper is manufactured, carefully monitors the safety of the most popular product.

An interesting fact: Today, about 1 million rolls of Obukhov 65 are produced daily at the plant.
The company has an integrated quality management system in place, and independent audits are conducted annually, including food safety audits, so the plant guarantees the safety of all its products. Compliance with European and national requirements is confirmed by the relevant certificates, and the waste paper processed into the base paper, the original product of the plant, undergoes 7 stages of purification.
Brand protection is a matter of honor and health
Kyiv KPK spends a lot of effort and money to protect its product from counterfeiting. After all, it is not only about the company’s reputation, but also about the safety of consumers who have been preferring the proven brand and trusting the manufacturer of Obukhiv 65 for decades.
An interesting fact: In their requests for assistance from Kyiv Cardboard and Paper Mill, charitable and public organizations, medical and educational institutions, volunteers and the military most often ask for Obukhov 65 toilet paper.
The company is responsible for ensuring that consumers receive a quality product. However, it is the buyer’s responsibility to pay attention to important details that will help him or her recognize the real Obukhov 65 from the fake:
– the wrapper is made of thin label paper with a characteristic rustle, has clear printing, without smudges of paint;
– the label indicates the manufacturer as PJSC “Kyivsky KPK”, depicts a roll with the company’s logo, and has a barcode and QR code that are easily scanned;
– the date of production must be indicated, and it differs by up to a minute on each roll. Usually, counterfeiters, if they do indicate the date, use the same time everywhere;
– the winding of the roll should be sufficiently tight, all rolls should be of the same shape, height and diameter.

Clear benefits at a reasonable price
There is a quite logical explanation for the fact that consumers of sanitary products in the economy segment prefer Obukhov 65 toilet paper, because, in addition to safety and reasonable price, they receive a number of additional benefits:
– Obukhov 65 is made of recycled paper, so by constantly buying these rolls, consumers save trees from being cut down, thus contributing directly to environmental protection and supporting the philosophy of sustainable consumption;
– by choosing the original Obukhov 65, the buyer takes care of his or her wallet, because this paper is economical and not only because of the price. A roll of Obukhov 65 lasts much longer than any other similar product;
– Obukhov 65 is a purely Ukrainian product, so by purchasing it, the consumer supports the domestic manufacturer, thus making a contribution to supporting our country’s economy, which is extremely important in wartime.
Therefore, it is hard to disagree that Obukhov 65 has maintained its reputation as a “people’s brand” for decades, and it is well deserved, as it meets not only modern requirements for sanitary products, but also the most daring expectations of its consumers, not only in Ukraine but also far beyond its borders.

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Ukraine’s public debt to GDP ratio from 2009 to 2023 (UAH mln)

Ukraine’s public debt to GDP ratio from 2009 to 2023 (UAH mln)

Source: Open4Business.com.ua and experts.news

Sales of new Galaxy S24 series devices have started in Ukraine

We are opening a new era of mobile experience. Get the opportunity to improve your everyday life with Galaxy AI.


Samsung Electronics Ukraine is launching sales of new Galaxy S24 series smartphones, which have received an impressive number of pre-orders thanks to the revolutionary capabilities of Galaxy AI. The new Galaxy S24 devices have received twice as many pre-orders as the previous S23 version globally and in Ukraine in particular. Moreover, more than 65% of consumers in the world have chosen the most premium model – Galaxy S24 Ultra, while in Ukraine this figure is 69%.
“The Galaxy S24 series is the first step towards a new era of AI smartphones that outperform conventional phones,” said Tae Moon-roh, President and Head of Mobile eXperience, Samsung Electronics. “Galaxy AI will forever change the way people interact with the world, as it is designed to become an integral part of our daily lives. We can’t wait to see how our users will enhance their daily lives with Galaxy AI, opening up endless possibilities.”
Galaxy AI offers innovative and practical AI features that will transform the way we communicate and create, and help us explore the world. From Live Translate and Chat Assist for instant translation for barrier-free communication, to the new standard for search with Google’s Circle to Search1, AI will enhance the smartphone experience offered by Galaxy S24. The new ProVisual Engine image processor and a set of AI tools for the camera will allow you to unleash your creativity and realize your ideas – from shooting images with new zoom capabilities to editing with generative AI.
Samsung is continuing to improve the new AI features so that users can enjoy these unique capabilities. In addition to the 13 languages that are already available in AI features, users will get more language packs. In addition, most of the Galaxy AI features will also be extended to previous models through software updates, including the Galaxy S23, S23 FE, Fold5, Flip5 smartphones and Tab S9 tablet. And finally, Samsung is committed to extending the life cycle of its smartphones, so the Galaxy S24 series will now have seven generations of operating system updates and seven years of security updates.
Starting February 7, Galaxy S24 Ultra, Galaxy S24+ and Galaxy S24 will be available to users both in partner stores and on the official Samsung online store. The Galaxy S24 Ultra is available in the following colors: Titanium Gray, Titanium Black, Titanium Purple, and Titanium Yellow. The Galaxy S24+ and Galaxy S24 devices are available in onyx black, marble gray, cobalt purple and amber yellow.
Prices start from:
– 57,999 UAH for Galaxy S24 Ultra
– 46,999 UAH for Galaxy S24+
– 37,999 UAH for Galaxy S24
To learn more about the Galaxy S24 series, please visit
samsung.com/ua
news.samsung.com

About Samsung Electronics Co., Ltd.
Samsung brings cutting-edge ideas and advanced technologies to life, inspiring people and shaping the future of the consumer market through smartphones, TVs, wearables, tablets, home appliances, medical devices, networking systems, memory solutions, semiconductors, foundries, and LED solutions. For the latest company news, please visit Samsung Newsroom at news.samsung.com.

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Internal and external debt of Ukraine in 2010-2023

Internal and external debt of Ukraine in 2010-2023

Source: Open4Business.com.ua and experts.news

Company from Rinat Akhmetov’s group has acquired almost 9% of PFTS stock exchange

Emporium LLC from Rinat Akhmetov’s SCM group has become the owner of 8.856607% of shares of PFTS, Ukraine’s largest stock exchange by trading volume (both in Kiev), on the eve of its announced plans to increase its authorized capital by 93.7%.

According to PFTS’ message in the NSCM disclosure system, the exchange received information about the new shareholder on February 2.

It is specified that Emporium is owned by Crossgold Limited, which, in turn, is owned by SCM Financial Overseas Limited, 100% owned by Akhmetov

There is no information about the seller of these shares yet.

As reported, PFTS earlier announced plans to consider at the extraordinary remote shareholders’ meeting on February 6 an increase in the authorized capital (AC) from UAH 32.01 million to UAH 62.01 million, or by 93.7%, through the placement of an additional 30 thousand shares with a par value of UAH 1 thousand through additional contributions without making a public offering.

Preliminarily, the list of persons among whom the shares of the additional issue will be placed is limited to the existing shareholders, however, the meeting may expand it by other investors intending to purchase the shares.

The largest shareholder of PFTS since the beginning of 2022 is Bohai Commodity Exchange (BOCE Co. Limited, Hong Kong) with 49.9% of shares. According to the SEC disclosure system, there were no other shareholders with a stake of more than 5% at the end of the third quarter of 2023.

At the same time, Prime Holding LLC in mid-October 2023 announced its intention to acquire 2,835 shares of the exchange, which is 8.8566% of its authorized capital.

PFTS did not publish financial statements after 9 months of 2021. According to information from the last annual shareholders’ meeting, the exchange reduced its net loss in 2022 compared to 2021 by 8.6% to UAH 3.641 mln.

The volume of trading on PFTS in 2023, according to its data, increased 3.6 times – up to 320.8 billion UAH, which amounted to 63% of the total trading volume of securities trading organizers in Ukraine, including in December – 28.6 billion UAH, or 66% of the total trading volume in the country.

In particular, the volume of government bonds traded on PFTS in 2023 increased 3 times to UAH 308.6 billion, corporate bonds of Ukrainian issuers – 20 times to UAH 1 billion (due to the recovery of primary placements), bonds of foreign countries – 5 times to UAH 0.7 billion, but transactions with shares were carried out for only UAH 19.4 million.

In December 2023, 39 participants of trades on PFTS concluded transactions with 48 issues of securities (Ukrainian government bonds – 33, Eurobonds of Ukraine – 1, corporate bonds of Ukrainian issuers – 7, bonds of a foreign state – 6, shares of Ukrainian issuers – 1), and in total in 2023 transactions were concluded by 49 participants with 114 issues of securities.

As of January 1, 2024, the number of PFTS members admitted to trading was 51: 30 banks and 21 financial companies. 353 issues of securities were admitted to trading on the exchange, of which 119 were in the Exchange Register.

At one time, LLC Emporium, established in 2007, was the owner of regional breweries OJSC PBC Krym, CJSC Dnipropetrovsk Brewery Dnipro, CJSC Firma Poltavpivo and OJSC Lugansk Brewery, but later SCM withdrew from this business. Emporium’s core business is commercial and management consulting.

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