Ukrainian President Petro Poroshenko has discussed ways of intensification of financial and investment cooperation between Ukraine and Kuwait with Managing Director of the Kuwait Investment Authority Farouk A. Bastaki and the leadership of the Kuwait Fund for Arab Economic Development. “The parties discussed ways of intensification of financial and investment cooperation between Ukraine and Kuwait, as well as further joint practical steps in this direction,” the press service of the president reported on Monday.
Poroshenko informed the meeting participants about the latest changes in the Ukrainian legislation aimed at facilitating the activity of foreign investors. The head of state invited the Kuwaiti business to expand investments in Ukraine and called on Kuwaiti investors to take part in privatization in Ukraine.
The Inkerman trade house plans to produce around 10 million bottles of still and sparkling wine in 2018, Director General of Inkerman trade house Hanna Horkun has said.
“The production plan directly depends on the pace of sales and the market. Today our current production forecast is about 10 million bottles in 2018,” she told Interfax-Ukraine.
According to the company, in 2017 it sold about 9 million bottles of still and sparkling wine under the Inkerman trademark.
At the same time, the general director of Inkerman trade house said that it is too early to predict the volume of grapes production this year, adding that there are no threats to the harvest yet.
“Vine growers do not talk about specific figures until early April, when the risk of a sharp drop in temperature becomes minimal and so-called “sap flow” begins. This phase of grapes development lasts mainly from the third decade of March to the third decade of April and depends on many factors – temperature of soil and air, soil moisture, grape variety, rootstock variety, root system capacity and the horizon of its maximum development. By the end of April it will be clear, but so far no disasters have been observed,” Horkun said.
Kyivsky cardboard paper mill (Obukhiv, Kyiv region), a leader in Ukraine’s pulp and paper industry in terms of production and sales, produced goods worth UAH 862.86 million in January and February 2018, which is 34.3% up year-over-year.
According to the UkrPapir association, corrugated cardboard output grew by 16.1%, to 34.8 million square meters.
Production of cardboard increased by 22.3%, to 35,330 tonnes, including package cardboard (including fluting) that grew by 23.3%, to 22,860 tonnes, while box cardboard output increased by 20.5%, to 12,470 tonnes.
Production of base paper (for sanitary products) fell by 9.2%, to 11,230 tonnes.
Production of toilet paper grew by 7.7%, to 68.68 million rolls.
According to the association, in general, production of corrugated cardboard packages grew by 19.2% in January and February, to 160.83 million square meters, and paper and cardboard production – by 16.4%, to 150,660 tonnes.
Kyivsky cardboard paper mill is one of the largest cardboard and paper producers in Europe. It employs almost 2,200 people. It sells produce to almost 700 companies in Ukraine, some CIS member states and the rest of the world.
In 2017, the mill saw a 14.8% rise in production from 2016, to UAH 4.224 85 million.
Private joint-stock company Paper and Board Company (Lviv) tentatively saw UAH 29.7 million of net profit in 2017, which is 47.4% more than in 2016.
According to the agenda of a general meeting of shareholders scheduled for April 20, undistributed profit reached UAH 81.19 million as of January 1, 2018 (UAH 53.02 million a year ago).
According to a draft resolution of the general meeting, it is planned to send profit to develop the company.
According to the report, last year the company saw a 43.4% rise in current liabilities, to UAH 71.85 million, and noncurrent liabilities grew by 45%, to UAH 75.36 million.
Total bills receivable grew by 28.5%, to almost UAH 40 million, and assets rose by 36.7%, to UAH 273.2 million.
Net worth was almost UAH 126 million as of early 2018. The charter capital did not change, being UAH 570,000.
Paper and Board Company (until 2011 Lvivkartonoplast) was established in 1946 on the basis of production facilities of a small mechanical plant.
Currently it produces goods and semi-finished products from recycled cardboard (sheets of cardboard) and cellulose paper (toilet paper, towels, napkins).
According to the UkrPapir association, in 2017, the company saw a 24.7% rise in production, to UAH 483.4 million. Paper production rose by 34.4%, to 5,350 tonnes and cardboard output – by 10.5%, to 24,400 tonnes.
Ukrainian President Petro Poroshenko plans to visit Germany in April, his press secretary, Svyatoslav Tsegolko, has said. “Right after Easter [on April 8] I plan to make a visit to Germany,” Tsegolko quoted the head of state as saying.
