The Turkish company Dalgakiran Kompresör has invested UAH 400 million in the launch of a plant for the production of industrial power equipment in Bilohorodka (Kyiv region), according to a press release from Dalgakiran Compressor Ukraine LLC.
The construction project was started before the start of Russia’s large-scale aggression, and now, thanks to investments from the Turkish side, it has been completed. The investment in the production site and office will create 50 new jobs.
The office and new production facility in Ukraine will contribute to the development of enterprises in all industries, enabling them to continue their business activities, save money and resources,” said Vyacheslav Dinkov, director of Dalgakiran Compressor Ukraine, as quoted by the press service.
According to him, the plans include further development and localization of production, development and supply of new equipment to restore energy and industrial production in Ukraine.
In turn, Dalgakiran Kompresör Chairman of the Board Adnan Dalgakiran noted that scaling up business in Ukraine is a contribution to supporting the country’s economy and energy sector in difficult times. “In the face of a power outage, our equipment can ensure the continuity of business processes and production, enable businesses to continue to operate, pay taxes and provide jobs to Ukrainians,” he said.
“Dalgakiran Compressor Ukraine is a representative office of the Turkish Dalgakiran company specializing in the production and maintenance of generator and compressor equipment, cooling systems and industrial pumps.
The Ukrainian representative office sells the equipment and improves it to meet the needs of national consumers. Azov equipment is manufactured in Turkey, where a full cycle of quality control has been introduced and the company has its own design office.
The company has been operating in Ukraine for 19 years. It has representative offices in 11 cities and more than 70 of its own mobile service teams.
Lviv-based Cardboard and Paper Company LLC, a major Ukrainian producer of cardboard tubes, produced products worth UAH 602.8 million in January-June 2024, down 5.6% from the same period in 2023.
According to UkrPapir Association statistics provided to Interfax-Ukraine, the company reduced its output of cardboard products by almost 12% in physical terms, to 11.6 thousand tons, while it increased its production of paper base for sanitary products by 21%, to 4.3 thousand tons.
Production of toilet paper in rolls decreased by 11.3% to 2.5 million units.
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 under Papero brand).
The company supplies its products, in particular, to the EU countries.
Among its customers are Biosphere, Arterium, Nestle, Khlibprom, Yarych confectionery, and Galychyna dairy company.
As reported, in 2023, the company increased its production by 7% compared to 2022, to UAH 1.27 billion.
2022-2024 goods trade balance forecast (USD billion)
Source: Open4Business.com.ua and experts.news
Farmers in all regions of Ukraine have already harvested 15.7 million tons of new crops from 4.403 million hectares, the press service of the Ministry of Agrarian Policy and Food reported on Friday.
According to the press service, 10.3 million tons of wheat were harvested from 2.626 million hectares at a yield of 39.4 c/ha, 3.1 million tons of barley from 824.2 thousand hectares at a yield of 37.4 c/ha, 319.3 thousand tons of peas from 154.7 thousand hectares at a yield of 20.6 c/ha.
Ukraine also continues to harvest oilseeds. In particular, 1.8 mln tons of rapeseed have been harvested from 779.1 thou hectares with a yield of 23.5 c/ha and 0.3 thou tons of soybeans from 0.2 thou hectares with a yield of 19.3 c/ha.
Farmers of Kherson region started harvesting millet, which was harvested in the amount of 80 tons from 50 hectares.
At the same time, the TOP-3 in terms of grain harvesting rates includes farmers of Odesa region – 629.4 thou hectares, Dnipropetrovska – 544.2 thou hectares, Mykolaivska – 527.5 thou hectares. Ivano-Frankivsk region is the leader in terms of yield with 65.1 c/ha.
In Kiev on Oleksandr Konisky Street unknown persons demolished a house with the help of heavy construction equipment, the circumstances of demolition of a historical building in the center of the capital are established by the police in the framework of criminal proceedings.
As reported on Saturday by the National Police of Kiev in facebook, law enforcers are now conducting priority investigative actions. The equipment, which was used to demolish the building, has been seized. On this fact is investigated criminal proceedings, initiated under Part 2 of Article 298 of the Criminal Code of Ukraine.
In the evening on Friday the police in Kiev received a report that unknown persons demolished a house built at the end of XIX century on Oleksandr Konisky Street with the help of heavy construction equipment. At the scene of the incident, the operational duty officer immediately sent an investigative team.
The police officers identified the location of the equipment and seized it, the question of its arrest is being resolved. On this fact investigators of Shevchenkivsky police department are investigating criminal proceedings initiated under part 2 of article 298 of the Criminal Code of Ukraine. All circumstances of the incident are being established.
The National Bank of Ukraine (NBU) this week increased its net sale of foreign currency on the interbank market to $949.9m from $532.1m the previous week, according to the regulator’s data. According to them, the volume of currency purchases by the central bank remains paltry at $0.27m, while its sales rose to $950.2m.
Over the week, the official hryvnia exchange rate weakened to a record 41.4912 UAH/$1 from 41.0107 UAH/$1.
Since the beginning of 2024, the dollar at the official exchange rate has become more expensive by 9.2%, or by UAH 3.49, and since the transition of the National Bank on October 3, 2023 to the regime of managed flexibility – by 13.4%, or by UAH 4.93.
On the cash market, the hryvnia weakened by about 70 cents during the week. – To 41.95 UAH/$1.
According to the data that the NBU managed to publish during this period, from Monday to Thursday the negative balance between the volume of currency purchases and sales by households increased from $36.5 million to $52.9 million, following the weakening of the hryvnia.
Ukraine’s international reserves fell by $1.14 billion to $37.89 billion in June, according to the NBU’s preliminary estimates, while the National Bank’s net interventions totaled $2.99 billion, down from $3.07 billion in May.
