Business news from Ukraine

Population structure of Ukraine (data from ukrainian institute of future)

Population structure of Ukraine (data from ukrainian institute of future)

Source: Open4Business.com.ua and experts.news

Internal and external debt of Ukraine in 2010-2024

Internal and external debt of Ukraine in 2010-2024

Source: Open4Business.com.ua and experts.news

Poland resumes passage of Ukrainian trucks

The border with Poland has resumed the passage of freight transport, the State Customs Service of Ukraine reports.

“In connection with the settlement by the Polish side of the issue of crossing the border by trucks with Ukrainian registration, the passage of trucks through checkpoints on the border with the Republic of Poland located in the area of Lviv Customs has been resumed,” the company said in a statement on its telegram channel.

As reported, truck traffic was suspended from 00:00 on July 1.

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“ECU” paid over UAH 100 mln in dividends to state

State-owned energy trader Energy Company of Ukraine (ECU) has transferred UAH 100.4 million in dividends to the state budget of Ukraine based on the results of its operations in 2023.
In a press release on Monday, the company said that by doing so, it became the first company to make such payments among all enterprises managed by the State Property Fund (SPF) of Ukraine.
“Today, our primary focus is to ensure reliable supply of electricity to Ukrainian consumers in the face of energy shortages. To this end, we are increasing imports, developing cooperation with electricity producers, and launching new products and services. At the same time, our activities create new sources of revenue for the state in a very difficult period for the Ukrainian economy,” commented Vitaliy Butenko, CEO of ECU.
According to Vitaliy Koval, Head of the SPFU, ESU demonstrates how state assets can work and generate significant profits for the state, and the dividends paid by the company will be a significant contribution to the state budget, which, in particular, finances the Ukrainian Defense Forces.
The company noted that the amount of dividends paid by it in the first five months of commercial activity in 2022 amounted to UAH 27.1 million.
As reported, Energy Company of Ukraine JSC is a national energy trading company established in the summer of 2022 that carries out operations for the purchase, sale and supply of energy resources, in particular through import and export operations.
“The company is one of the top 5 traders in Ukraine in terms of electricity sales and founded the first state-owned balancing group of electricity market participants, currently the second largest in Ukraine. The company is 100% owned by the state.
In 2023, the net profit of the company amounted to UAH 148.9 million, which is more than four times higher than in 2022, and contributions to the state budget amounted to UAH 209.4 million.

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Kiev KBC predicts possibility of mill shutdown in absence of booking irreplaceable workers

The town-forming enterprise of Obukhov (Kyiv region) Kyiv Cardboard and Paper Mill (KKBK) predicts the possibility of stopping the work of the enterprise in case of total mobilization of male workers who cannot be replaced by women, which, in addition to the lack of necessary products from consumers, may lead to the complexity of functioning of the entire Obukhov community.

“Big business, in particular, Kyiv Cardboard and Paper Mill of Austrian Pulp Mill Holding is already modeling the consequences of staffing shortages. Fears of being left without the ability to provide the necessary production processes of the enterprise due to a shortage of personnel are not unfounded – now every 10th employee is in the ranks of the WSU. In the areas where previously worked mostly men, today you can see women, because KKBK started programs for vocational training, thanks to which you can learn a new profession at the expense of the company – for example, forklift driver”, – told the agency “Interfax-Ukraine” in the press service of KKBK.

At the same time, they emphasize that there are workers who are difficult and sometimes impossible to replace. In particular, it takes about five years to become a machine operator of a paper-making or cardboard machine, as it is necessary to master a number of step-by-step works.

The press service of KKBK noted that the indispensability of paper industry professionals is also due to the fact that paper production is associated with high levels of noise, temperature, humidity and vibration, so people working in the shops must be physically tough.

“There are also professions at the company where only men can work according to labor safety requirements. Therefore, the option of replacing them with women is impossible. If such employees are mobilized, production will stop,” the mill assumes.

The company predicts that consumers may be left without sanitary-hygienic products, and large manufacturers of Ukrainian goods without cardboard containers, the stoppage of the enterprise can dramatically affect the life of Obukhivka community.

“The Obukhiv city territorial community includes 25 settlements: 24 villages and the city of Obukhov. Out of 50 thousand people of the population, more than 2 thousand people work at Kiev KBCK, and in 2023 one third of the community budget was made up of KBCK taxes. Therefore, the suspension of the plant threatens severe consequences”, – the press service quotes the secretary of the Obukhov City Council Larisa Ilyenko.

According to her, in this case, the local budget revenues will be significantly reduced, which will affect the socio-economic development of the community and will affect almost all sectors, in particular education and medicine.

“In the housing and utilities sector there will be a problem with the treatment of domestic sewage. Heating will disappear in apartment buildings – consumers of the enterprise, which is more than 20 thousand subscribers. But we hope that the community will be able to continue to count on fruitful cooperation with the plant”, – she believes.

“Given the difficult conditions of mobilization, Kyiv Cardboard and Paper Mill faces serious challenges. The answer to the question whether the enterprise will be able to maintain its stability further remains open. Whether we will be able to overcome staff hunger and continue to work, time will show”, – summarize in the press service of the enterprise.

Kiev KBC is the parent company of the group of companies of the same name, one of the largest enterprises in Europe for the production of cardboard and paper products with a staff of more than 2.5 thousand employees.

As reported, in 2023 the mill produced products (corrugated packaging, paper products for sanitary and hygienic purposes, molded containers for eggs) for UAH 7 billion 568 million, and in January-May this year – for UAH 3 billion 173 million.

The owner of the mill is Austrian Pulp Mill Holding.

 

Market of new passenger cars has moved to negative dynamics – Ukravtoprom

Initial registrations of new passenger cars in June 2024 decreased by 8% compared to the same month in 2023 – to 5.2 thousand units, Ukravtoprom reports on its Telegram channel.
“For the first time this year, the demand for new cars showed a negative trend year-on-year,” the association said on Monday.
According to its data, compared to May 2024, consumer activity in the car market decreased by 7%.
Toyota retains market leadership (853 units) with a 20% drop in sales by June 2023. For the first time, BMW took second place with 545 cars registered (compared to 5th place in the June-2023 ranking and 319 cars registered). Renault dropped to third place from second in June last year and May this year – 487 units (29% less than in June 2023). Next are Skoda (278 units) and VW (269 units).
The bestseller of the month was the Renault Duster crossover (displacing the May leader Toyota RAV4), which has 447 registrations.
According to the Association, in general, in the first half of this year, more than 32.8 thousand new passenger cars were registered in Ukraine, which is 21% more than in the same period in 2023.
Earlier it was reported that experts attribute the stagnation in the new passenger car market primarily to the situation with electricity and the rise in the dollar.
As reported with reference to Ukravtoprom data, in 2023, the first registrations of new passenger cars in Ukraine increased by 60.6% compared to 2022 – to almost 61 thousand units.