Business news from Ukraine

Business news from Ukraine

Ruta TM returned to positive production dynamics

In January-May 2024, Ruta, a major Ukrainian manufacturer of sanitary and hygienic paper products, whose management company is VGP JSC (Lutsk), produced products worth UAH 680.6 million, which is 1.5% more than in the same period in 2023.

According to statistics provided by UkrPapir Association to Interfax-Ukraine, the company has thus returned to positive dynamics in this indicator over the past five months compared to the same period last year, while in January-April it showed a 12% decline.

In terms of volume, the company’s production of toilet paper in rolls remained at last year’s level – 54.7 million units, which remains the third best result in the industry after Kyiv Cardboard and Paper Mill (107.6 million units) and Kokhava Paper Mill (58.2 million units).

The company produces pulp-based sanitary and hygiene products from imported base paper.

VGP’s portfolio includes dry and wet wipes, toilet paper, paper handkerchiefs, and kitchen towels. The assortment includes more than 180 items.

As reported, in 2023, the company produced products worth UAH 1 billion 611 million, which is 64.8% more than in 2022.

According to the Clarity-project, in the first quarter of this year, VGP increased its net profit by 43% to UAH 45.5 million, while revenue increased by 9% to UAH 402 million.

The majority of Ukrainian citizens have negative attitude towards Afghanistan – research

Active Group and Experts Club have conducted a joint study on the attitudes of Ukrainians towards the countries of East Asia and the Middle East. The research was presented at the Interfax-Ukraine news agency in June 2024. The research was presented by Maksym Urakin and Oleksandr Poznyi. The results of the study are as follows:

The results of the survey are as follows:
Completely positive – 2.9%.
Mostly positive – 10.3
Mostly negative – 30.1 %.
Completely negative – 22.5
Difficult to answer – 34.2%.
Positive – Negative – 39.5

On March 17, 1992, Ukraine and Afghanistan established diplomatic relations.

The joint research by Active Group and Experts Club on the attitudes of Ukrainians towards the countries of East Asia and the Middle East was conducted in April-May 2024. It covers such countries as Turkey, Iran, Israel, Egypt, Jordan, Saudi Arabia, UAE, Afghanistan, Pakistan, Azerbaijan, Uzbekistan, Turkmenistan, Kyrgyzstan, Tajikistan, Kazakhstan, Georgia, Armenia, India, China, Republic of Korea, DPRK, Japan, Vietnam, Indonesia, Syria, and Iraq. Full information on the research is available on the website of the Club of Experts at

https://expertsclub.eu/rezultaty-spilnogo-socziologichnogo-doslidzhennya-provedenogo-experts-club-ta-kompaniyeyu-active-group-shhodo-stavlennya-ukrayincziv-do-krayin-blyzkogo-shodu-ta-czentralnoyi-aziyi/

Video – https://interfax.com.ua/news/video/986648.html

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The majority of Ukrainian citizens have a positive attitude towards the UAE – study

Active Group and Experts Club have conducted a joint study on the attitudes of Ukrainians towards the countries of East Asia and the Middle East. The research was presented at the Interfax-Ukraine news agency in June 2024. The research was presented by Maksym Urakin and Oleksandr Poznyi. The results of the study are as follows:

The results of the survey are as follows:
Completely positive – 8.9%.
Mostly positive – 43.5
Mostly negative – 15.1 %.
Completely negative – 2.6
Difficult to answer – 29.9%.
Positive – Negative – 34.7

3 On October 15, 1992, Ukraine and the UAE established diplomatic relations. On March 11, 2013, the Embassy of the United Arab Emirates was opened in Kyiv.

A joint study by Active Group and Experts Club on the attitudes of Ukrainians towards East Asia and the Middle East was conducted in April-May 2024. It covers such countries as Turkey, Iran, Israel, Egypt, Jordan, Saudi Arabia, UAE, Afghanistan, Pakistan, Azerbaijan, Uzbekistan, Turkmenistan, Kyrgyzstan, Tajikistan, Kazakhstan, Georgia, Armenia, India, China, Republic of Korea, DPRK, Japan, Vietnam, Indonesia, Syria, and Iraq. Full information on the research is available on the website of the Club of Experts at

https://expertsclub.eu/rezultaty-spilnogo-socziologichnogo-doslidzhennya-provedenogo-experts-club-ta-kompaniyeyu-active-group-shhodo-stavlennya-ukrayincziv-do-krayin-blyzkogo-shodu-ta-czentralnoyi-aziyi/

Video – https://interfax.com.ua/news/video/986648.html

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41% of Ukrainian citizens have positive attitude towards Saudi Arabia – survey

Active Group and Experts Club have conducted a joint study on the attitudes of Ukrainians towards the countries of East Asia and the Middle East. The research was presented at the Interfax-Ukraine news agency in June 2024. The research was presented by Maksym Urakin and Oleksandr Poznyi. The results of the study are as follows:

The results of the survey are as follows:
Completely positive – 6.7
Mostly positive – 34.2
Mostly negative – 17.7
Completely negative – 3.8
Difficult to answer – 37.6%.
Positive – Negative – 19.4

The Embassy of Saudi Arabia in Ukraine was opened in September 2009.

The joint research by Active Group and Experts Club on the attitudes of Ukrainians towards the countries of East Asia and the Middle East was conducted in April-May 2024. It covers such countries as Turkey, Iran, Israel, Egypt, Jordan, Saudi Arabia, UAE, Afghanistan, Pakistan, Azerbaijan, Uzbekistan, Turkmenistan, Kyrgyzstan, Tajikistan, Kazakhstan, Georgia, Armenia, India, China, Republic of Korea, DPRK, Japan, Vietnam, Indonesia, Syria, and Iraq. Full information on the research is available on the website of the Club of Experts at

https://expertsclub.eu/rezultaty-spilnogo-socziologichnogo-doslidzhennya-provedenogo-experts-club-ta-kompaniyeyu-active-group-shhodo-stavlennya-ukrayincziv-do-krayin-blyzkogo-shodu-ta-czentralnoyi-aziyi/

Video – https://interfax.com.ua/news/video/986648.html

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Citizens of Ukraine have not defined their attitude to Jordan – study

Active Group and Experts Club have conducted a joint study on the attitudes of Ukrainians towards the countries of East Asia and the Middle East. The study was presented at the Interfax-Ukraine news agency in June 2024. The research was presented by Maksym Urakin and Oleksandr Poznyi. The results of the study are as follows:

The results of the survey are as follows:
Completely positive – 4.5%.
Mostly positive – 32.1 %.
Mostly negative – 11.2
Completely negative – 3.6
Difficult to answer – 48.6%.
Positive – Negative – 21.8

On April 19, 1992, diplomatic relations between Ukraine and Jordan were established. Since December 2000, the Honorary Consulate of Jordan has been operating in Kyiv.

A joint study by Active Group and Experts Club on the attitudes of Ukrainians towards the countries of East Asia and the Middle East was conducted in April-May 2024. It covers such countries as Turkey, Iran, Israel, Egypt, Jordan, Saudi Arabia, UAE, Afghanistan, Pakistan, Azerbaijan, Uzbekistan, Turkmenistan, Kyrgyzstan, Tajikistan, Kazakhstan, Georgia, Armenia, India, China, Republic of Korea, DPRK, Japan, Vietnam, Indonesia, Syria, and Iraq. Full information on the research is available on the website of the Club of Experts at

https://expertsclub.eu/rezultaty-spilnogo-socziologichnogo-doslidzhennya-provedenogo-experts-club-ta-kompaniyeyu-active-group-shhodo-stavlennya-ukrayincziv-do-krayin-blyzkogo-shodu-ta-czentralnoyi-aziyi/

Video – https://interfax.com.ua/news/video/986648.html

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“Kryvyi Rih Cement” to build 24 MW of power generation – founder of Concorde Capital

Kryvyi Rih Cement plans to build 24 MW of power generation, the founder of Concorde Capital, Igor Mazepa, said on Facebook.

“We are currently building an independent power generation facility at Kryvyi Rih Cement. We need to generate 24 MW of power. This will be enough to keep the plant running smoothly,” he wrote.

According to him, the project will cost about $15 million, with a payback period of three to four years.

According to Mazepa, “This is a necessary measure to keep the business from stopping. In general, I see the prospect of investing in energy projects. Therefore, in the short term, we will build 40 MW of storage capacity, which will be balancing in the energy market. We see a good ROI of up to 30% depending on the market scenario.”

“Kryvyi Rih Cement (formerly Heidelberg Cement Ukraine) produces construction materials in three areas: cement, concrete, and granite crushed stone. On May 14, 2019, Cypriot Overin Limited, which is affiliated with Concorde Capital, became the owner of the dominant controlling stake in the company.

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