Change in consumer prices in 2023-2024
Source: Open4Business.com.ua
Fitch downgraded Ukraine’s credit rating to “Restricted Default” from “C” on Tuesday, citing the expiration of the 2026 Eurobond repayment grace period, Reuters reported.
Ukraine defaulted on its bonds after a law came into effect allowing it to suspend foreign debt payments until October 1. Earlier this month, Ukraine began the process of getting bondholders’ consent to restructure $20 billion worth of international bonds.
Ukraine has been pushing hard since Russia’s invasion to restructure its wartime debt as part of efforts to regain access to international capital markets.
Fitch maintained Ukraine’s local currency (LC) debt rating at ‘CCC-‘ as it expects LC debt to be excluded from a restructuring deal with external commercial creditors.
Rating agency S&P Global also downgraded Ukraine to “selective” default from August 2.
Fitch does not usually assign outlooks to countries rated CCC+ or lower.
In the Kiev region they are completing the construction of an inclusive residential complex of 56 private houses for warriors with disabilities and their families, the head of the Kiev regional military administration Ruslan Kravchenko said.
“Handed 17 certificates for houses in the complex to veterans and their families. These are our heroes from the 3 assault brigade, 114 brigade TRO, 72 brigade im. Black Zaporozhtsy, 1 separate tank brigade. I had the honor on behalf of myself and all residents of Kyiv region to thank our military and the families of the fallen fighters for the fight against the Russian occupiers. Earlier 2 certificates were received by the GUR fighters”, – said the head of KOVA in Telegram.
It is reported that already at the end of August the military will receive the keys to the houses. Housing will be transferred to their ownership. Construction work is on the finish line. The houses will be repaired, kitchen furniture will be installed, bathrooms and bathrooms will be equipped.
It is reported that the large-scale project is financed by the charitable foundation of Andriy Zasukha and FC Kolos Kovalevka.
KYIV REGION, RESIDENTIAL COMPLEX, warriors with disabilities
Kyiv “Dynamo” defeated Scottish “Rangers” in the return match of Champions League qualification, the game ended with a score of 2:0 , reports Suspilnoe Sport.
It is noted that on the sum of the two meetings Kiev won 3:1.
Goals forgot: Dynamo -Pikhalenok at 82′, Voloshyn at 84′.
Dynamo’s opponent in the Champions League qualification playoffs will be Austrian Salzburg, which defeated Dutch FC Twente (5:4 on the sum of two games).
Poninkivska Cardboard and Paper Mill-Ukraine (PKPF-Ukraine, Khmelnytsky region), a major Ukrainian corrugated cardboard producer, increased its corrugated packaging output by 19.9% in January-July 2024 compared to the same period in 2023, to 55.5 million square meters.
According to Ukrpapir Association statistics provided to Interfax-Ukraine, the plant continues to be one of the top three producers of corrugated packaging after Kyiv Cardboard and Paper Mill and Trypillia Packaging Plant.
Over the seven months, the company also increased its production of containerboard by 1.3% to 44.1 thousand tons, and produced more paper by 86.8% to 0.62 thousand tons.
In monetary terms, in January-July, PCBF-Ukraine produced products worth UAH 1 billion 529 million (+15.5%).
As reported with reference to the data collected by the association from the main enterprises of the industry, in January-July 2024, the production of paper and cardboard in Ukraine increased by 4.2% compared to the same period in 2023 – up to 340.35 thousand tons, cardboard boxes – by 18.5%, up to 334.89 million square meters.
Poninkivska Paper Mill (formerly Poninkiv Cardboard and Paper Mill), once the largest producer of school notebooks, now has one main production line – paper and cardboard, producing mainly corrugated cardboard and corrugated packaging, as well as wrapping and waste paper.
The plant is part of the United Cardboard Company-Ukraine (UCC, Lutsk) owned by businessman Mykola Lobov, whose production assets include, among others, Lutsk KPF-Ukraine (Volyn region), which produced 36.7 thousand tons of various cardboard (4.8% more) and 27.7 million square meters of corrugated boxes in seven months (according to Ukrpapir).
As reported, in 2023, PCPF-Ukraine produced products worth almost UAH 2 billion 450 million, up 3% year-on-year. Net profit increased 2.7 times to UAH 27 million.
Kokhavyn paper mill (KBF, Lviv region), which produces sanitary and hygienic paper products, in January-July 2024 increased its output by 61.1% against the same period of 2023 – up to UAH 1 billion 069 million, according to the statistics of the association “UkrPapir”.
As reported, at the end of the half-year the factory’s production growth amounted to 54.5% to the same period last year.
According to the statistical data of the association provided to Interfax-Ukraine, in physical terms, the production of paper-base for sanitary-hygienic products at the factory for seven months increased by 33.6% – up to 32.5 thousand tons.
The output of toilet paper in rolls increased by 1.5% to 80.1 million pieces. KPF confidently ranks second in its output after Kyiv PPC.
As it was reported, in October 2023 Kokhava BF commissioned a paper machine for production of cellulose base paper (earlier they produced only on recovered paper basis). KBF attracted EUR13.8 mln loan from EBRD to organize such production in 2021.
Kokhavinskaya PF, which has been operating since 1939, produces backing paper for sanitary goods, as well as toilet paper and paper towels. Prior to the commissioning of the new machine, it had two PPMs with a total capacity of 40,000 tons of backing paper per year.
In 2023, the mill increased its output by 18% compared to 2022 – up to UAH 1 bln 151.2 mln, net profit increased 2.7 times – up to UAH 137 mln.
