In January-March 2023, the Ukrainian industrial company Interpipe transferred almost UAH 623 million to the budgets of all levels and off-budget funds, which is 3% more than in the same period last year.
According to the company’s press release on Thursday, payments to the state budget in 1Q2023 amounted to about UAH 406 million (+24%), and to local budgets – UAH 107 million (-28%). Another UAH 110 million (-14%) was transferred as unified social tax.
Sergiy Kuzmenko, Interpipe’s Chief Financial Officer, noted that the company continues to hold Ukraine’s economic front during the war.
“The formula is quite simple: the higher the volume of production and export of finished goods, the higher the total amount of taxes paid. Stably operating Interpipe enterprises provide jobs for 10,000 people in the frontline region and fill the budgets of all levels,” Kuzmenko said, as quoted by the press service.
As reported, in 2022, Interpipe transferred UAH 2.816 billion to the budgets of all levels and off-budget funds. At the same time, payments to the state budget for the year amounted to about UAH 1.74 billion (-7% compared to 2021), and to local budgets – about UAH 623 million (+1%). Another UAH 454 million (-4%) was transferred as unified social tax.
At the same time, Interpipe’s Director of Economics and Finance noted that in 2022, each ton of pipe and railway products produced by the company brought more than UAH 5909 to the Ukrainian budget, which is more than half the previous year’s figure.
“Interpipe is a Ukrainian industrial company that manufactures seamless pipes and railway wheels. The company’s products are supplied to more than 80 countries through a network of sales offices located in key markets in the CIS, Middle East, North America and Europe. Railroad products are sold under the KLW brand.
Interpipe employs 10 thousand people.
The company has five industrial assets: “Interpipe Nizhnedniprovsky Pipe Rolling Plant (NTZ), Interpipe Novomoskovsk Pipe Rolling Plant (NMPP), Interpipe Niko Tube, Interpipe Vtormet and Dnipro Steel, an electric steelmaking complex under the Interpipe Steel brand.
The ultimate owner of Interpipe Limited is Ukrainian businessman Victor Pinchuk and his family members.
“DTEK Energy plans to launch three new longwalls in May in addition to the eight that have already been put into operation since the beginning of 2023, the energy holding said.
“DTEK Energy’s miners continue to work on supplying Ukrainian thermal power plants with coal. To this end, they have put eight new faces into operation since the beginning of the year. We plan to launch three more as early as May,” he pointed out in his Telegram channel on Wednesday.
According to the company, one of the faces has a stockpile of more than 1 million tons, which will come in handy in preparation for next winter.
“DTEK miners are making every effort to ensure that Ukraine’s generation is supplied with coal,” the energy holding said.
As reported, in 2022 coal miners of the company put into operation 28 new faces.
“In order to pass the heating season more reliably, DTEK Energy supported with fuel not only its own thermal power plants, but also found an opportunity to help state-owned ones. At the end of last year, more than 120 thousand tons of coal were shipped for their needs,” the energy holding said in March 2023.
Oil prices are rising on Thursday after falling by more than 4% in the previous session.
The price of July futures on Brent on London’s ICE Futures Exchange stood at $72.9 a barrel by 8:05 a.m. Thursday, up $0.57 (0.79%) from the previous session’s close. Those contracts fell $2.99 (4%) to $72.33 a barrel on Wednesday, the lowest since December 20, 2021.
The price of futures for June WTI crude oil on the electronic trading on the New York Mercantile Exchange (NYMEX) increased by that time by $0.34 (0.5%) – to $68.94 a barrel. At the end of the previous session, contracts fell $3.06 (4.3%) to $68.6 a barrel, the lowest since March 20.
The oil market has fallen sharply since the beginning of this week on signals of slow economic recovery in China, as well as increased fears of recession in the U.S. due to problems in the banking sector of the country.
“The correlation between tensions in the U.S. banking sector and falling oil prices cannot be denied,” said Price Futures Group chief analyst Phil Flynn, cited by Market Watch.
U.S. Department of Energy data published on Wednesday showed a decline of 1.28 million barrels of commercial oil inventories in the country for the week ended April 28. The decline marked the third week in a row.
Experts polled by S&P Global Commodity Insights expected on average a sharper reduction of 3.3 million barrels.
Stocks at Cushing terminal, which stores oil traded at Nymex, increased by 500,000 barrels, while stocks in the Strategic Petroleum Reserve (SPR) decreased by 2 million barrels.
According to the DOE report, gasoline inventories in the States rose by 1.74 million barrels last week, while distillates fell by 1.19 million barrels.
The issue of reforming the Constitutional Court of Ukraine (CC) will be one of the key issues in the conversation with the delegation of the European Commission for Democracy through Law (Venice Commission), which will soon arrive in Ukraine, the deputy prime minister for European and Euro-Atlantic integration Olha Stefanyshyn said in a commentary to the Interfax-Ukraine news agency.
According to her, representatives of the Venice Commission on the results of the visit will provide conclusions on the registered bill, which provides changes to the selection of candidates for the position of judge of the CC.
“There is an agreement with our international partners, who will nominate experts to the Commission, which will select judges of the Constitutional Court, that the Commission will act on the model of the Ethical Council, which formed compositions of other judicial bodies”, – noted Stefanishina, specifying that it means the priority in votes of international experts, when it comes to assessment of integrity.
According to her, today the only problematic issue is the assessment of candidates on professional qualities, where the Ukrainian parliament does not agree to give priority to international experts, because it is about the formation of the CC.
Stefanyshyna said that after all the issues are agreed, the Verkhovna Rada should pass a bill by 29 May.
“Nova Posta”, the leader of express delivery in Ukraine, partly lifted restrictions on sending food products to Poland in international parcels, the press service of the company said.
“The government of Poland lifted restrictions on the import and transit of certain types of food products. As a result, Nova Posta has resumed accepting some products as part of international parcels that are sent to the EU,” the company said in a press release Wednesday.
In the list of products that can be sent abroad again: chocolate and chocolates with stuffing, waffles, cookies, gingerbread, chewing gum, crispbread, croutons and toast, ready-made sauces, ketchups, mustard, canned fish or fish roe – provided that such products are suitable for long-term storage, transported only in original undamaged packages and do not require special temperature storage mode. The total weight of products that are approved by customs authorities for shipment abroad is 10 kg.
However, it is specified that it is prohibited to ship meat, animal products, products of short-term storage or products that require a special temperature regime, dairy and fermented dairy products (including canned condensed milk). canned condensed milk); fruits, vegetables, edible fruits in any form (fresh, dried, dried, canned); nuts, seeds, coffee, tea; vegetable oils; grains and cereals and flour; cereals; sugar, syrups, jams, jams, fruit jellies, marmalade, marshmallows; purees and pastes of fruits or nuts, natural and artificial honey, fruit juices, vinegar, spices and eggs.
For a complete list of goods and cargo that are allowed or prohibited to send in international parcels, see this link: https://novaposhta.ua/delivery_to_Poland/3_PAMIATKA_UA_PL.pdf.
Earlier it was reported that Nova Posta has suspended the shipment of products to the EU due to restrictions on the export of Ukrainian agricultural products.
All company branches have suspended the receipt of any products in international parcels sent to the EU, due to the introduction of temporary restrictions on the import and transit of a number of food products from Ukraine – sugar, cereals, confectionery, fruits, vegetables, etc.
Founded in 2001 Nova Posta is the leader of express-delivery market in Ukraine. Its network consists of more than 6 thousand outlets throughout the country.
“Nova Posta provides a full range of logistics and related services.
It includes Ukrainian and foreign companies, including Nova Posta, NP Logistik, Post Finance (Forpost system) and Nova Posta Global.
Scandinavian chain of home stores JYSK in April exported furniture from Ukraine for EUR2.11 mln which is 46.7% more than in April 2022, informed chief director of JYSK in Ukraine Evgeniy Ivanytsya to Interfax-Ukraine news agency.
“We are glad that in April JYSK in general has increased the volume of purchases of goods in Ukraine not only in comparison with 2022, when exported products for EUR 1 million 438 thousand, but also pre-war 2021 with EUR 1 million 704 thousand,” – said Ivanitsa.
As an example, he cited a series of furniture Billund, named after a small town in Jutland, which is produced by “Accord” from Khmelnitsky.
As it was reported, in 2023 chain JYSK opened two new stores, announced the opening of the renovated store in the shopping center “Riviera” in Odessa” and four new stores – in June in Dnepr, Kamensky in Dnepropetrovsk region and Kolomiya in Ivano-Frankivsk region, in July in Kiev.
JYSK is part of the family Lars Larsen Group. JYSK revenue in fiscal year 2021/22 was EUR 4.87 billion.
Today in Ukraine works 84 stores JYSK and online store jysk.ua. JYSK staff in Ukraine consists of more than 800 employees.
