Business news from Ukraine

Business news from Ukraine

In Kiev on October 1, a little short-term rain

In Ukraine on Sunday, October 1, in the northern, Vinnytsia, at night and western regions, in some places is expected a little short-term rain; in the rest of the territory without precipitation, reports Ukrhydrometcenter.

The wind is predominantly north-westerly, 5-10 m/s, in the western regions in some places gusts of 15-20 m/s.

The temperature at night is 9-14 °, in Crimea and on the seashore 15-20 °; in the afternoon in the western and northern regions 16-21 °, in the rest of the territory 22-27 °.

In Kiev on October 1, a little short-term rain. The wind is northwest, 5-10 m/s.

The temperature at night is 12-14°, during the day about 20°.

According to the Central Geophysical Observatory named after Borys Sreznevsky in Kiev. Borys Sreznevsky in Kiev on October 1, the highest daytime temperature was 26.5° in 1927, the lowest nighttime temperature was -1.9° in 1881.

Monday, October 2, in Ukraine without precipitation.

The wind is north-westerly, 5-10 m/s.

The temperature at night 8-13, in the south 11-16, in the western and northern regions 5-10; in the afternoon 15-20 °, in the south and east 18-23 °.

In Kiev on October 2 without precipitation. The wind is northwest, 5-10 m/s.

The temperature at night is 8-10 ° warm; in the daytime 18-20 °.

Dynamics of reserves of Ukraine from 2012 to 2023

Dynamics of reserves of Ukraine from 2012 to 2023

Source: Open4Business.com.ua and experts.news

Group of companies DIM states about activation of demand on primary housing market

In September on the primary housing market in Ukraine there is a gradual increase in demand and the number of investment transactions, said the conceptologist of the group of companies DIM Alena Piskunova. “Since May of this year we can confidently say that buyers are increasingly returning to the real estate market. Not in such volumes, not with such sales rates, but the interest is growing. First of all, housing for themselves, where they consider houses at the final stages of construction with apartments with repair. However, since the beginning of September, we observe and gradual return of investment transactions”, – told Piskunova at a press conference in the agency “Interfax-Ukraine”.

Founded in 2014 GC DIM consists of six companies covering all stages of construction.To date, the GC has commissioned 12 houses in six residential complexes with a total residential area of more than 218 thousand square meters. m. Six residential complexes of “comfort+” and “business class” category are under construction: “Novy Avtograf”, “Metropolis”, Park Lake City, Lucky Land and others.

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MTIBU reduces cost of Green Card policies by 3.4%

Starting September 29, the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) will reduce tariffs for Green Card policies for those traveling abroad by 3.4%, according to its website.

According to the MTIBU, the last change in tariffs was on April 21, 2023, upward by 3.15%, on December 30, 2022, upward by 3.1%, before that they were also raised on November 17 by 6.9% after a decrease of 5.5% on October 3, before that, on July 26 of the same year, they were raised by almost a quarter (by 26.3%).

Since 2009, two types of Green Card policies have been sold: for the whole of Europe and Moldova. Also, starting from January 1, 2016, Ukrainian Green Card policies began to operate in Azerbaijan.

Thus, according to the MTIBU, the cost of the Green Card for 15 days for traveling in Europe for cars is reduced to UAH 949 (from UAH 982 previously), for buses – to UAH 3,567 thousand (UAH 3,691 thousand), for trucks – to UAH 2,239 thousand (UAH 2,317 thousand).

The cost of a one-month Green Card for cars is now UAH 1,511 thousand (compared to UAH 1,564 thousand before), buses – UAH 4,954 thousand (UAH 5,126 thousand), and trucks – UAH 2,972 thousand (UAH 3,075 thousand).

Semi-annual and annual Green Card policies for cars will now cost UAH 6,709 thousand and UAH 8,306 thousand, respectively, for trucks – UAH 14,070 thousand and UAH 26,566 thousand, for buses – UAH 17,340 thousand and UAH 32,204 thousand.

The cost of policies for traveling to Azerbaijan and Moldova for passenger cars for 15 days will be UAH 691 (previously UAH 715), for one month – UAH 1,017 thousand (UAH 1,052 thousand), for six months – UAH 2,332 thousand (UAH 2,413 thousand), for a year – UAH 3,321 thousand (UAH 3,436 thousand).

The amounts of single insurance premiums under contracts of international compulsory motor third party liability insurance for owners of motor vehicles were established by a resolution of the Cabinet of Ministers dated January 6, 2005 and are denominated in euros.

“Green Card is a system of insurance coverage for victims of road traffic accidents, regardless of their country of residence or country of vehicle registration. It covers 44 countries in Europe, Asia and Africa.

According to the decision of the General Assembly of the Council of the Bureau of the International System of Motor Insurance “Green Card”, adopted in Luxembourg in May 2004, Ukraine became a full member of the system on January 1, 2005.

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Structure of foreign exchange reserves as of 31.07.2023

Structure of foreign exchange reserves as of 31.07.2023

Source: Open4Business.com.ua and experts.news

Lviv-based Cardboard and Paper Company increases production by 19%

Cardboard and Paper Company LLC (Lviv), a major Ukrainian manufacturer of cardboard tubes and sanitary products, increased its production by 18.9% in January-August 2023, up to UAH 862.12 million, compared to the same period in 2022.

According to UkrPapir Association statistics provided to Interfax-Ukraine, the company increased its output of cardboard products by 1.8% to 18.1 thousand tons and of paper base for sanitary products by 3.3% to almost 5 thousand tons in physical terms. Production of toilet paper in rolls increased by 44.3% to 3.8 million units.

At the same time, in August, the company slightly (by 2.3%) reduced its paper and cardboard production compared to the same month last year, to 3.07 thousand tons, which is also 7% less than in July this year.

LLC “Cardboard and Paper Company” produces products and semi-finished products from waste cardboard (cardboard sheets, corners, sleeves), cellulose and recycled waste paper (toilet paper, towels, napkins TM Papero). The company supplies its products, in particular, to the EU countries.

Among its customers are Biosphere and Arterium corporations, Nestle, Khlibprom, and Yarych confectionery.

As reported, in 2022, the factory increased its commercial output by 51.5% compared to 2021, up to UAH 1 billion 186 million, without stopping work during the year. Net profit tripled to UAH 263.7 million.