The State Enterprise “Forests of Ukraine” has put up more than 1 million cubic meters of timber for additional auctions, which will be held on the principle of Dutch auctions, the company’s CEO Yuriy Bolokhovets said on Facebook. According to him, this record-breaking amount of wood was accumulated at the expense of unsold products in the fourth quarter of 2023.
“Uncertainty with the borders plus the holiday season in the EU reduced the demand for wood. Many processors have taken a break…. Demand is gradually recovering, but the situation remains difficult in some market segments,” stated the company’s CEO.
Bolokhovets said that due to the blockade of the borders, the losses of the branches of the State Enterprise “Forests of Ukraine” exceeded UAH 1 billion over three months.
“If not for the timely reform, dozens of forestry enterprises would have been on the verge of bankruptcy in January. It is only thanks to subsidies from the central level that employees of all (!) our branches receive their salaries on time. All branches have working capital to carry out their activities, no one has stopped,” he emphasized.
Speaking about the plans of the State Enterprise “Forests of Ukraine” for 2024, Bolokhovets noted that amid unfavorable assessments of the timber market prospects for both processors and sellers of raw materials, the company intends to support the market. There are no plans to reduce harvesting. On the contrary, more than 1 million cubic meters of wood from the closure of state processing will be added to the last year’s trading volume.
“Forests of Ukraine will also continue to work to reduce costs, increase efficiency and eliminate corruption.
“This means mandatory assessment and justification of investments, the most open and competitive procurement, efficient use of equipment and other resources. Sale of unprofitable assets, optimization of the administrative staff. Reducing the cost of the resource through the construction of new forest roads. Finally, eradication of such phenomena as substitution of timber grades and other manifestations of corruption,” stated the CEO of the state enterprise.
As reported, Ukraine launched a forestry reform in 2016. As part of it, the sale of raw wood at electronic auctions has already been introduced. Since 2021, an interactive map of wood processing facilities has been operating in a test mode in a number of regions.
The industry has implemented the Forest in a Smartphone project, which contains a list of logging tickets for timber harvesting and allows you to check the legality of logging on the agency’s online map.
On June 1, 2023, Ukraine launched a pilot for the electronic issuance of logging tickets and certificates of origin of timber. In addition, the State Enterprise “Forests of Ukraine” has launched a pilot project to procure timber harvesting services through the electronic platform Prozorro.
PJSC Ukrnafta plans to start construction of 30 new wells in the west and east of the country in 2024, the company said in a press release citing the company’s director Serhiy Koretsky on Monday.
“In 2024, we plan to start construction of 30 new wells in the East and West of the country, some of which may become transitional wells due to the full utilization of our own rigs and the small capacity of the drilling market in Ukraine,” the CEO said.
According to him, Ukrnafta does not rule out the possibility of accelerating the processes through cooperation with international and Ukrainian partners.
“I am grateful to drillers, geologists, engineers and partners for the fact that Ukraine can increase production of the resource,” Koretsky added.
As reported by the company, Ukrnafta commissioned eight new wells in western and eastern Ukraine in 2023 with a total production rate of 238 tons of oil per day. Five wells were drilled with the company’s own drilling rigs, and three were drilled with the help of contractors who won tenders in the state procurement system Prozorro.
“Nine new wells were planned, and we held a tender for the last one at the end of 2023, but it takes time to bring the equipment to the site. Drilling will begin in the coming days,” the company said.
As reported, in 2023, Ukrnafta increased oil and condensate production by 3% (by 39.9 thousand tons) compared to 2022 – up to 1 million 409.9 thousand tons, gas production by 5.8% (by 60.4 million cubic meters), up to 1 billion 97.4 million cubic meters.
“Ukrnafta’s strategic goal is to double its oil and natural gas production to 3 million tons and 2 billion cubic meters by 2027, respectively.
“Ukrnafta is Ukraine’s largest oil producer and operator of a national network of 537 filling stations, of which 456 are in operation.
Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share. On November 5, 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer the corporate rights of the company owned by private owners, which is now managed by the Ministry of Defense, to the state.
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ADONIS is a network of private medical centers for adults and children. The private clinic ADONIS was founded more than 20 years ago.
Its network includes 12 branches in Kyiv and the region, including two own maternity hospitals and a stem cell laboratory.
In the clinic’s branches, doctors treat patients in 66 medical areas.
During the war, the branches with surgical units continue to help patients by providing quality medical care to military and civilians.
The National Bank of Ukraine has included Aston Ukraine LLC and Insurance Bureau Kompanion LLC in the State Register of Insurance and Reinsurance Brokers, according to the regulator’s website.
According to the resource Opendatabot, LLC “Aston Ukraine” (Kiev) was registered in May 2016. The authorized capital of the company – 597,8 thousand UAH. Its income for 2022 amounted to UAH 1.721 million, net profit – UAH 4.3 million, assets – UAH 700.6 thousand, liabilities – UAH 26 thousand. The staff consists of 10 employees.
Insurance Bureau “Kompanion” LLC was registered in August 2014. Authorized capital – UAH 53 thousand.
As reported, as of January 1, 2024, 23 insurance and reinsurance brokers were registered in Ukraine.
Aston Ukraine, Insurance Bureau Kompanion, NATIONAL BANK OF UKRAINE
In 2023, KMZ Industries (Karlivka Machine-Building Plant, KMZ, Poltava region) fulfilled 46 contracts for the installation, supervision, consulting, and repair of equipment and built 160 thousand cubic meters of elevator capacity, the company’s press service reported on Facebook.
According to the report, this figure is almost in line with the results of pre-war 2021.
“In total, over the year, the company’s installation department managed to install so much equipment that it increased the elevator capacity of our indomitable country by 160 thousand cubic meters of storage,” the press service quoted Vyacheslav Stepanchuk, Director of Installation and Construction at KMZ Industries, as saying.
In addition, in 2023, KMZ Industries installed silos and grain dryers weighing more than 2,300 tons, transport equipment of 1.25 km, and gravity routes of about 1 km.
KMZ Industries manufactures flat-bottomed and conical-bottomed silos, flour storage silos, Brice-Baker (British-designed) and DSP (Ukrainian-designed) shaft grain dryers, transportation equipment (elevators, chain, belt and screw conveyors), grain cleaning separators, and installs and automates elevator equipment and technological processes at grain storage facilities.
Dragon Capital Investments Limited (Cyprus), whose ultimate beneficiary is Tomas Fiala, owns 80% of KMZ shares, while Variant Agro Bud LLC owns 20%.
In 2023, excise tax revenues from alcoholic beverages produced in Ukraine and imported into the country’s customs territory amounted to UAH 10.1 billion, which is 20.7% higher than in 2022 and almost 2 times higher than the revenue figure of UAH 5.2 billion planned by the Ministry of Finance.
According to Danylo Hetmantsev, Chairman of the Parliamentary Committee on Finance, Taxation and Customs Policy, in a Telegram message on Monday, the Ministry of Finance’s revenue targets were met in all months from January to December 2023 without exception.
Hetmantsev noted that excise tax revenues from alcoholic beverages in 2023 were almost 12% (UAH 1 billion) higher than in pre-war 2021, when they amounted to UAH 9.0 billion. At the same time, the excise tax rate increased by only 5% – from UAH 126.96 to UAH 133.31 per 1 liter of 100% alcohol from March 1, 2022.
According to him, sales volumes of vodka and alcoholic beverages in the domestic market, according to 2-RS reports, amounted to 20.6 million dal in January-November 2023, which is 26% or 4.3 million dal more than in the corresponding period of 2022.
At the same time, revenue from the sale of alcoholic beverages through cash registers almost doubled by the end of 2023 – UAH 13.9 billion in December against UAH 7.5 billion in January.
As reported, last week, the head of the Verkhovna Rada’s Financial Committee said that the Ukrainian authorities failed to solve the problem of the illegal tobacco market, despite exceeding the plan for state budget revenues in 2023 by UAH 9.7 billion. He initiated open committee hearings on the illegal tobacco market, to which he invited business, the public and government agencies. The date of the hearings has not yet been determined.
