Cardboard and Paper Company LLC (Lviv), a major Ukrainian manufacturer of cardboard sleeves and sanitary and hygienic products, in January-August increased its production by 44.2% compared to the same period in 2021 – up to 724, UAH 94 million
According to the statistics of the UkrPapir Association, provided to the Interfax-Ukraine agency, the company thus maintains an increase in this indicator (more than 44%) compared to the same period last year (according to the results of 7 months, it was 44.7%).
In pack terms, the company increased the output of base paper for sanitary products by 8.5% to 4.8 thousand tons, while increasing the output of toilet paper in rolls by 42.8% to 2.65 million pieces.
The output of cardboard products increased by 2.7% – up to 17.8 thousand tons.
At the same time, in August, the factory increased the production of paper and cardboard by 23% compared to August 2021 – up to 3.16 thousand tons.
As reported with reference to the statistics of UkrPapir, the factory continued to work all months from the beginning of the year, reducing the production of paper and cardboard in March (by March 2021), but in April it already switched to positive dynamics, which it maintained in the following months.
Cardboard and Paper Company (until 2011 – Lvivkartonoplast) produces products and semi-finished products from recycled cardboard (cardboard sheets, corners, sleeves), cellulose and recycled waste paper (toilet paper, towels, napkins (TM Papero).
In 2021, the company produced products worth UAH 782.7 million, which is 47% more than a year earlier.
The Deposit Guarantee Fund (DGF) put up for auction in the Prozzoro.Sales system a number of assets of the insolvent MR Bank, including the Magellan shopping and entertainment center (SEC) in Kyiv at a starting price of UAH 3.1 billion, according to a press release. FGVFL release.
According to him, the area of the sold mall on the street. Academician Glushkov, 13b is 28.5 thousand square meters. m.
As part of other lots, a property complex with an area of 13 thousand square meters. m in the Khmelnitsky region and the right to claim under two loan agreements and receivables.
The auction is set for October 12th.
As reported, on February 25, 2022, the National Bank of Ukraine revoked a banking license and liquidated banks controlled by the Russian Federation: JSC International Reserve Bank (formerly Sberbank) and Joint Stock Commercial Industrial Investment Bank (PJSC Prominvestbank), which is 99.77% owned by PJSC Sberbank of Russia and the State Development Corporation VEB.RF.
The Magellan shopping and entertainment center was previously one of the assets of the Kray group of businessman Anatoly Yurkevich. In mid-September 2017, the Antimonopoly Committee of Ukraine granted permission to Sberbank PJSC (Kyiv) to acquire the assets of Krai Property in the form of an integral property complex of the mall.
Net sales of dollars by the National Bank of Ukraine rose to $510.7 million last week compared to $475.0 million a week earlier and $231.4 million two weeks earlier.
According to the information of the National Bank on its website, from August 12 to September 16, it purchased $17.5 million, which is 2.5 times more than the previous week, but sold $528.2 million compared to $482 million a week earlier.
This week, on the cash market, the hryvnia again weakened by about 50 kopecks, and its rate came close to the level of UAH 42/$1, while the official rate of UAH 36.57/$1 was fixed since July 21.
As reported, in August the volume of interventions of the National Bank in the market increased slightly – to $1.33 billion from $1.2 billion in July, but still remained much less than in June ($3.96 billion), May ($3.4 billion) and April ($2.2 billion).
Finance Minister Serhiy Marchenko said that in August the volume of foreign aid to Ukraine amounted to a record $4.6 billion since the beginning of the war, compared with $1.7 billion in July and $4.4 billion in June.
In general, from the beginning of the year to September 16 inclusive, the NBU purchased $3 billion 114.2 million and EUR111.0 million on the market, and sold $17 billion 862.8 million and EUR1 billion 789.1 million.
Including since the beginning of the war, the purchase of foreign currency has reached $2 billion 457.3 million and EUR111.0 million, and the sale – $14 billion 92.6 million and EUR1 billion 789.1 million.
The international reserves of Ukraine as of September 1, 2022, according to the NBU, amounted to $25.436 billion (in equivalent), which is 13.6% or $2.679 billion more than at the beginning of August. In July, the fall in reserves amounted to 1.6%, or $371.5 million, in June – 9.3%, or $2 billion 343.8 million.
The international fintech market has replenished with a new large and interesting player. We are talking about the Hungarian company Volgende Kft, which is actively and successfully investing in various start-ups, and also helps businesses come up with new solutions to attract customers.
As you know, in recent years, the market for fintech services around the world has been gaining momentum, crowding out traditional markets. First of all, conservative banks, which often cannot fully adapt to the needs of depositors and borrowers, had to move. At the same time, new companies are engaged in a fundamental change in the technological order, which makes it easier to provide services to the client. It’s not just about the purely financial system. Fortunately, the field for the use of digital technologies is now unusually wide.
In this context, Volgende Kft, a new player in the venture investment market, is very interesting. Despite a short period of activity, the company from Hungary works super-successfully on it.
Tuned for modern technologies, Volgende Kft has successfully invested in a number of projects related to fintech. Given the number of startups – not always successful – you need a keen eye to determine whether this or that project “will take off”. Or the resource spent on this or that technology will not pay for itself, although it looks bright.
Volgende Kft specialists are experts in investment appraisal. Actually, this is what the business strategy is based on: there is a sale and purchase at the early and late stages of large fintech startups.
“We use in-depth industry knowledge and new technologies to create your business that will stand out from the crowd and make money,” say representatives of Volgende Kft.
The company’s competitive advantage also bases on the fact that it works with the world’s largest funds. In general, this allows us to say that Volgende Kft has all the prospects to become a top company.
Moreover, the line of projects it has is very long: after all, you need to track and buy effective fintech solutions in different areas. We are talking about computer services, and work with the insurance system. Also we do not forget about other areas – such as the development of systems for the delivery of goods.
The tasks of Volgende Kft are absolutely clear: it creates the future for business.
“We provide organizations with cost-effective customer and technical support, resulting in fast response times and high user satisfaction,” the company says.
It should be clear that digital technologies are constantly evolving. And business representatives very often need solutions that will quickly attract customers with a high-quality product right in a smartphone or laptop.
“We use profound knowledge of industry and new technologies in order to create your business that will stand out from the crowd and make a profit” – Volgende Kft.
There is no doubt that such an innovative approach will definitely yield results. After all, it is the future.
Specialists of the National Academy of Agrarian Sciences of Ukraine (NAAS) have bred and presented a new variety of universal sowing hemp “Sofia”, in which both the fibers of the plant and its seeds are suitable for use.
Its cultivation provides opportunities for the development of various sectors of the Ukrainian economy, including the defense industry, which is especially important in the context of a full-scale Russian invasion of Ukraine, according to the website of the institution on Friday.
According to NAAS, technical hemp is the basis for the production of gunpowder and raw material for ropes and parachutes. Hemp fibers are lighter than synthetic Kevlar, which is used to make body armor, and armor plates made from hemp can withstand armor-piercing bullets.
NAAN clarified that hemp is used as a fabric for sewing natural military clothing, underwear, and can also be used for construction and building insulation.
A new variety of hemp was presented the day before during the Hemp Fest in the Sumy region. The festival was attended by 80 leading scientists, farmers, businessmen and experts in the hemp industry from ten regions of Ukraine.
During the event, among other things, issues of legislative regulation in the field of industrial hemp and plant processing were raised, depending on the needs of the Ukrainian economy.
The Cabinet of Ministers of Ukraine allowed the export of 100 thousand tons of coal, which is planned to be delivered to Poland.
Taras Melnichuk, a representative of the Cabinet of Ministers in the Verkhovna Rada, said on Telegram that a corresponding change was made at a government meeting on Friday in the list of goods whose exports and imports will be subject to licensing, and quotas for 2022.
Earlier, Prime Minister Denys Shmyhal said that at the request of the Polish side, Ukraine is ready to consider the possibility of opening a quota for the export of 100,000 tons of coal.
He specified that coal reserves in the warehouses of Ukrainian power plants amount to almost 2 million tons, which is 2.5 times more than a year ago. “Therefore, we are ready to lend a shoulder of support to our Polish friends,” he stressed.
As reported, since mid-June 2022, Ukraine has set zero quotas for the export of all types of coal, except for coking coal, and on September 7, it completely banned the export of Ukrainian coal.
According to the State Customs Service, Ukraine’s coal exports for eight months of 2022 amounted to 523.863 thousand tons for $166.667 million, incl. to Slovakia – by $108.295 million, Poland – by $35.028 million, Hungary – by $20.779 million, other countries – by $2.565 million.
