Business news from Ukraine

Business news from Ukraine

16 films and TV series filmed in Ukraine in 2022

In 2022 16 films and serials were shot, the State Film Agency of Ukraine (Goskino) has reported.
According to the press service of the State Cinema Agency, 16 films and serials have been created with its support totaling 63.8 million UAH, including two feature length television series, five feature length films, four feature length films, four non-feature length films and one non-feature short film.
In addition, 42 new films and series have been signed to create in 2022, including three feature television series, six feature short films, 18 feature films, 12 non-fiction full-length films, two animated films and one animated series.
As of November 2022, 137 films and series are reportedly in production.

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Quotes of interbank currency market of Ukraine (UAH for $1, in 01.11.2022-30.11.2022)

Quotes of interbank currency market of Ukraine (UAH for $1, in 01.11.2022-30.11.2022)

minfin.com.ua

“Slavyanskiye oboji KFTB” cut its net profit 5.5 times

Slavianske Wallpapers-KFTB PJSC (formerly Koryukiv Technical Paper Factory, Chernihiv Region), Ukraine’s leading manufacturer of wallpapers, cut its net profit 5.5 times in January-September compared to the same period in 2021 – down to UAH 8.47 million.
According to the disclosure system of the National Commission for Securities and Stock Market, announced on Friday, the company’s net profit nearly halved to UAH 653.19 million.
In the first nine months of the current year the company received UAH 12.42 mln of profit from operating activities (4.7 times less), and gross profit decreased by 47.4% – to UAH 124.88 mln.
The document notes that in conditions of war and existing risks it is impossible to predict the further impact of negative factors on the economic activities of PJSC, but the strategic objectives remain unchanged: to preserve the existing opportunities and the reputation of a reliable supplier, to improve product quality, to retain the team.
“In addition, the company plans to continue modernization of production, development of dealer network, entering new markets and strengthening of discipline at production”, – is said in the report.
This points to high financial independence of the company from external borrowing and stable financial situation.
According to the association UkrPapir, in January-September, KFTB produced 10.07 million pieces of wallpaper – 2.5 times less than a year earlier.
On Friday, KFTB also released its financial statement for the first half of this year, according to which it received a net loss of UAH 3.6 million against a net profit of UAH 30.22 million a year earlier, while net income fell by more than half to UAH 363.89 million.
Thus, in the third quarter-2022 the factory received more than UAH 12 million of net profit, which is 26.2% less than in the same period of 2021, and net income decreased by 44.5% to UAH 289.3 million.
At that, the factory finished the first quarter of this year with a loss of UAH 9.16 million against net profit of UAH 14.94 million in January-March 2021, while net profit decreased 2.1 times to UAH 170.41 million.
JSC “Slavian wallpapers-KFTB” – one of the largest European wallpaper factories, manufactures products under the TM “Slavian wallpapers”. Is present in the market of Ukraine, Asia, CIS countries, Eastern Europe and the United States.
The company produces more than 10 types of wallpaper ranging from economy-segment (paper, duplex, acrylic) to premium-class wallpaper (vinyl, fleece, hot stamping wallpaper).
According to the company’s information, as of October 1, the average number of its employees was 468 (a decrease of 12 people).
In 2021, it reduced its net profit by 6.2 times to UAH 43.9 mln, while maintaining the net profit at the level of the previous year – UAH 1.65 bln.

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“Metinvest” continues to produce steel products and mine iron ore under threat of shelling

Metinvest Mining and Metallurgical Group continues to produce steel products at its enterprises and produce iron ore raw materials under the constant threat of enemy shelling and under conditions of power shortage.
“Our enterprises, as far as it is possible under military conditions, continue to produce products for the defense and restoration of the country’s infrastructure, keep jobs and pay taxes,” the press service of Metinvest quoted the company’s general director Yuri Ryzhenkov as saying.
According to him, Metinvest’s enterprises in Ukraine are working under war conditions, but the work is also complicated by rising production costs, falling prices for certain types of products and logistical constraints due to the blocking of maritime exports. However, even under such difficult circumstances, the group’s enterprises continue to operate at different levels of utilization, taking into account security, logistics and economic factors.
“Kametstal” and the group’s joint venture “Zaporizhstal” continue to produce. Meanwhile, Kametsteel resumed production of pig iron, steel and rolled products in December after production was halted due to Russian attacks on Ukraine’s energy infrastructure in late November 2022.
Construction of the 11th coal mining block is underway at the Pokrovsky Coal Group enterprises. Centralny GOK continues to produce pellets.
In general, the focus of the group’s enterprises is to promptly resume work or increase production levels under favorable conditions, according to the press release.
As before, the group’s priority remains to take care of its employees who support the production process. All facilities have bomb shelters manned for extended stays. The shelters are provided with water, food and medicines.
“Metinvest continues to fight the theft by rf, which illegally exported more than 234,000 tons of the company’s metal from Mariupol. In particular, 16 enterprises of the group filed lawsuits in the European Court of Human Rights against Russia for damages caused to property and assets of the group in Mariupol and other territories of Ukraine since February 24, 2022.
“Metinvest is a vertically integrated group of mining and metallurgical companies. The enterprises of the group are mainly located in Donetsk, Lugansk, Zaporozhye and Dnipropetrovsk regions.
The major shareholders of the holding are SCM Group (71.24%) and Smart Holding (23.76%) that manage it jointly.
Metinvest Holding LLC is the management company of Metinvest Group.

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Geographical structure of foreign trade in goods in 2018-2022 (%)

Geographical structure of foreign trade in goods in 2018-2022 (%)

NBU

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China will relax anti-code restrictions

China will soften restrictive measures previously imposed to combat the spread of the coronavirus in early January, the South China Morning Post reported.

China’s State Health Commission has decided to downgrade the threat of COVID 19 from the highest, “A,” to “B.” The “A” category was introduced back in 2020.

As part of this decision, from January 8, 2023, those arriving in China will not have to be sent to mandatory quarantine: this measure will remain in force only for those who have COVID 19.

At the same time, a negative test for coronavirus will be required to enter the territory of the PRC, notes Bloomberg.
In addition, according to the news agency EFE, China will also weaken control over its territory for people with coronavirus. In particular, the authorities will abandon the practice of tracking with whom a sick person had contact. They will also do away with the practice of determining how high the risk of infection is in a particular area.