The number of bankrupt companies in the EU in the second quarter of 2023 increased for the sixth consecutive quarter and reached 106, the highest since the beginning of data recording, i.e. since 2015, according to the European Union Statistical Office (Eurostat).
In quarterly terms, the number of bankruptcies increased by 8.4%.
At the same time, the number of new company registrations decreased by only 0.6% to 124. The figure has been stable around 120 companies since the third quarter of 2020 after falling to 80 at the height of the coronavirus pandemic.
The most notable increase in the number of bankruptcies in April-June was recorded in the hotel and catering sectors (by 23.9% compared to the first quarter), as well as in the transport and warehousing sector (by 15.2%).
The number of bankruptcies also increased in almost all sectors compared to the pre-pandemic fourth quarter of 2019. The only sectors where the number of bankruptcies decreased during this period were industry (-11.5%) and construction (-2.7%).
NPC Ukrenergo, the Ministry of Environmental Protection and Natural Resources of Ukraine, the State Agency of Ukraine on Exclusion Zone Management and the German company NOTUS energy Invest Ukraine GmbH have signed a Memorandum of Cooperation in the development of renewable energy projects in the 30-kilometer zone of the Chornobyl NPP.
As Ukrenergo reported on its Telegram channel, the document refers to stable and secure electricity supply from the exclusion zone using existing infrastructure and networks.
“One of the key results of cooperation should be the creation of additional renewable energy facilities. This will increase the reliability of power supply to the surrounding settlements and increase the share of renewable energy in the Ukrainian power system,” the company said.
In addition, within the framework of cooperation, Ukrenergo will forecast the development of generating capacities and develop the transmission system to ensure the grid capacity in accordance with market needs.
The company reminded that this is not the first cooperation between Ukrenergo and German partners. In particular, more than EUR 30 million of loans from the KfW have been attracted for the implementation of projects to restore and reconstruct substations. Also, German transmission system operators constantly help the NPC with the replacement of equipment damaged by shelling.
The number of people who died as a result of flooding caused by Hurricane Danielle, which raged in the Central Mediterranean in eastern Libya, exceeds 2 thousand people, reports TRT Haber TV channel on the night of September 12.
It is emphasized that as a result of the natural disaster that swept the east of the country, more than 2 thousand people were killed and almost 7 thousand people are missing. The cities of Al-Baida, Sousse, Al-Marj and Derna were flooded. A curfew has been imposed in areas where a state of emergency has been declared.
Libya’s Prime Minister called on the international community to provide aid to flood-affected areas. Three days of mourning have been declared in the country.
PJSC “Ukrnaftoburnia” (“UNB”) according to the results of work in the first half of 2023 received a profit of 700 million UAH, said the director of PJSC “Ukrnafta”, to which the company is transferred in management, Sergiy Koretskyy.
“In the first half of 2023, the company received 700 million UAH of profit. There are reasons to believe that according to the results of the second half of the year “UNB” will be able to earn almost three times more. We state the fact of a significant increase in realization prices,” he wrote on his Facebook page.
“As stipulated by the concluded contracts with ARMA, 90% of net profit will be transferred in favor of the state,” Koretskyi specified.
According to him, the company also managed to eliminate technological deficiencies and launch the 88th well.
“After the drilling was completed, we received a flow of high-pressure formation water from the upper horizons. We carried out repair and water isolation works. Consequently, we increased production by 170 thousand cubic meters of gas and 30 tons of condensate per day,” he said.
In addition, “UNB” plans to soon complete commissioning of the booster compressor station, which will slow down the natural decline in production.
As reported, after the arrest and court decision to transfer to the management of ARMA “Ukrnaftoburnia”, LLC “Sakhalinskoye”, LLC “Sirius-1”, LLC “East Europe Petroleum” in the case on the legality of subsoil use of the Sakhalin field, the Cabinet of Ministers of Ukraine by the order №454-r of May 23, 2023 supported the proposal to transfer to the management of “Ukrnafta” corporate rights in these companies.
At the end of June, the AMCU authorized Ukrnafta to receive shares in the authorized capitals of these companies for management. On July 7, the acts of acceptance and transfer of assets were signed.
“Ukrnafta is one of the largest private gas production companies in Ukraine. Since 2010, it has been developing the Sakhalin oil and gas condensate field (Krasnokutsk district, Kharkiv region) with reserves of 15 billion cubic meters of gas. The company’s gross production in 2020 will amount to 725.4 million cubic meters of gas and 80.8 thousand tons of oil and condensate, in 2021 – 691.3 million cubic meters and 76.6 thousand tons.
For the Sakhalin field as a whole, gas production in 2020 amounted to 844.3 million cubic meters and 86 thousand tons of oil and condensate, in 2021 – 789.5 million cubic meters and 80.8 thousand tons.
In January-August of this year, Ukrainian enterprises reduced imports of lead and lead products by 67.9% to $722 thousand ($9 thousand), imports of tin and tin products by 33.8% to $1.633 million ($208 thousand), but increased imports of zinc and zinc products by 10.1% to $28.775 million ($3.934 million).
Exports of aluminum and aluminum products in January-August this year decreased by 4.8% compared to the same period last year to $63.289 million ($8.201 million in August), lead and lead products increased by 13.6% to $9.866 million ($0.876 million), nickel and nickel products amounted to $201 thousand ($76 thousand), while in 8 months. 2022 it was $1.339 million.
Imports of tin and tin products fell by 33.5% to $3.312 million, while imports of zinc and zinc products decreased by 58.7% to $38.690 million.
Real GDP percentage changes over previous period in 2014-2023
Source: Open4Business.com.ua and experts.news
