Business news from Ukraine

Business news from Ukraine

Acino Pharmaceutical Company donated medicines to “Mobile Hospitals for Victory” project

Swiss pharmaceutical company Acino became a partner of the project “Mobile hospitals for Victory” implemented by Charitable Foundation for Reconstruction and Development of Ukraine.
According to the press release from the Foundation, within the framework of this project Acino shipped to the pilot mobile medical complex 1600 packages of drugs from its own product portfolio for the total amount of UAH 150 thousand.
The “Mobile Hospitals for Victory” project provides for purchasing 52 mobile hospitals. The cost of one such medical complex on wheels is EUR 240 thousand.
Currently 14 organizations in Ukraine and abroad have joined the project.
Mobile hospital is a complete hospital on wheels equipped with modern medical equipment. It consists of an admission room, a laboratory, an X-ray room, an operation room and also technical rooms, toilets and showers. The hospital is equipped with its own generator. Two medical teams can work there at the same time, with the ability to save up to 100 lives a day, based on the “golden hour” principle.
Since the beginning of Russia’s full-scale invasion of Ukraine on February 24, 2022, the Acino pharmaceutical company has donated more than 67 million UAH for humanitarian purposes, including over 200 thousand packages of medicines to hospitals and hospitals in the country.

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Macroeconomic indicators of Ukraine in November-December 2022 – Experts club

The fall in real gross domestic product (GDP) of Ukraine in 2022 is estimated at 30.4% [±2%], which is better than preliminary forecasts, the Economy Ministry said. After falling by about 30% in 2022, the Ukrainian economy may lose from zero to 5% this year if the hot phase of the war continues until the third quarter, but next year its growth will exceed 10%, founder and head of Dragon Capital investment company Tomas Fiala gave such a macro forecast.
The National Bank of Ukraine (NBU) will worsen the forecast estimate of real GDP growth in Ukraine in 2023 from 4% to 1-3.3%, while inflation by the end of the year will slow down growth to 19-21%, bankers polled by Interfax-Ukraine believe.
The National Bank of Ukraine (NBU) has downgraded its forecast for the growth of the country’s gross domestic product (GDP) in 2023 to 0.3% from 4% in the previous forecast, which is largely due to the extension of the base scenario with a full-scale war for another six months – until the beginning of 2024.
The Ministry of Economy confirms the forecast for the growth of the Ukrainian economy in 2023 by 3.2%, despite the worsening of its forecast by the National Bank of Ukraine (NBU) from 4% to 0.3% this week, First Deputy Minister Denys Kudin has said.
The negative balance of Ukraine’s foreign trade in goods in January-November 2022 grew 2.3-fold compared to the same period in 2021, to $8.524 billion from $3.635 billion, the State Statistics Service reported.
Inflation in Ukraine accelerated to 27.5% in December, but remained below the October forecast of the National Bank (30%), according to the macroeconomic and monetary review published by the NBU.
Consumer price growth in Ukraine in December 2022 remained at the level of November – 0.7% compared to 2.5% in October, 1.9% in September and 1.1% in August, returning to July level, the State Statistics Service of Ukraine reported.
State budget expenditures to support the Armed Forces of Ukraine in the form of the purchase of military equipment, weapons, ammunition, defense products, and personal protective equipment in December amounted to UAH 38 billion (11.5% of all expenditures) compared to 18.4 UAH billion in November (7%) and UAH 35.9 billion in October (16.1%).
According to the forecast of the Ministry of Economy, the grain harvest in Ukraine in 2023 will be about 49.5 million tonnes, which is better than the estimate of the National Bank of Ukraine (NBU) at 46 million tonnes, First Deputy Minister Denys Kudin told.
PhD in Economics, Maksim Urakin

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“Zaporozhkran” received loss of 124 mln hryvnias

JSC “Zaporozhye plant of heavy cranes” (“Zaporozhkran”), the subsidiary of Finnish Konecranes, has finished 2022 with the loss of 124,31 million UAH, while in 2021 the net profit was 103,66 million UAH.
According to the information to the agenda of the general meeting of shareholders of Zaporizhkran on the results of work in 2021 and 2022, scheduled for April 28, its uncovered loss by the beginning of 2021 was 83.86 million UAH (a year earlier – 25.19 million UAH undistributed profit).
“Profit for 2021 shall be directed to cover losses of the previous periods and losses for 2022…Due to uncovered loss as of December 31, 2022 and absence of reserve capital, dividends for 2021 and 2022 shall not be accrued and shall not be paid”, – is said in the draft resolution of the meeting.
Last year Zaporizhkran decreased its current liabilities insignificantly (by 3.4%) – to UAH 533.82 mln, its long-term liabilities constituted UAH 7.69 mln (2.3 times less).
The assets of the company in 2022 decreased by 21.8% to UAH 538.91 mln, including the total receivables increased by 60.3% to UAH 96.36 mln, but reserves decreased more than twice to UAH 145.49 mln.
As of January 1, 2023 the shareholders’ equity of the company is “minus” 2.61 mln UAH, and the authorized capital – 6.41 mln UAH.
“Zaporizhkran was founded in 1928. Since 2005 its main shareholder is one of the leading world manufacturers of hoisting cranes and lifting devices – Finnish Konecranes.
The plant specializes in the production of overhead, gantry and special cranes and their components, is engaged in the production of metal structures.
According to the annual report of the company for 2021 in the information disclosure system of National Commission for Securities and Stock Market, its net income reduced by 39% compared with the previous year – up to UAH 470.72 mln, while the net profit increased by 15% up to UAH 103.66 mln. The share of exports was 99.7%.
By the beginning of 2022 the average number of employees at the plant was 359 people.

Ratio of number of Ukrainian migrants to population of recipient countries as of 31.12.2022, %

Ratio of number of Ukrainian migrants to population of recipient countries as of 31.12.2022, %

Source: Open4Business.com.ua and experts.news

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Trypillya Packaging Plant increased production by 1.5 times

In January-February 2010, the Tripolskij packaging plant (TUK, Ukrainka, Kyiv oblast), a subsidiary of the Rubizhne carton and packaging plant (Lugansk oblast), produced UAH 430.11 mln worth of products, which is 48.7% more than during the same period in 2022.
According to Interfax-Ukraine agency statistical data provided by UkrPapir association, during this period the mill produced 22.97 mln. sq. m of corrugated packaging, which is 29.8% more, which is the second result by volume of production after Kyiv Cardboard and Paper Mill (35.45 mln. sq. m).
In total, the main enterprises of the industry, which provided the data to the association UkrPapir, in January and February, produced 78.5 million square meters of carton packaging – 0.6% less than during the same period, which was almost before the war in 2022.
Before the full-scale invasion of Ukraine by Russia, Rubizhne carton factory together with TUK predominantly led the market of corrugated packaging manufacturers in Ukraine – in January-February 2022, both companies produced more than 28 million square meters of corrugated packaging (including TUK – 19.2 million square meters), and the total production volume in money terms was UAH 667 million.
After the destruction the plant in Rubizhne stopped, and the legal entity PJSC Rubizhne CPC was re-registered in Kiev.
TUK produces a wide range of corrugated products.
According to the resource opendatabot, PJSC “RKTK” owns 99.96% in LLC “TUK”, and the ultimate beneficiary is the general director of Rubizhansky KTK Hennadii Minin, who since September 2022 has also managed Tripoli packing plant.

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