Commodity output of Kyiv Cardboard and Paper Mill (Kyiv CPM, Obukhiv, Kyiv region), the industry leader in Ukraine, in January-February amounted to 1 billion 239.2 million UAH, which is 2.6% less than in January-February 2022.
According to statistics from UkrPapir Association, provided to Interfax-Ukraine Agency, the production of corrugated packaging increased significantly in volume terms – by 21%, to 35.45 mln sq.m. The mill is the leader in this segment.
At the same time, the production of cardboard decreased by 10.3% to 29 tons, primarily due to the more than halving of the boxboard production to 4.75 thousand tons, while the production of containerboard (including corrugated paper) increased by 10.6% to 24.26 thousand tons.
Moreover, the production of base paper for hygiene products decreased by 46% to 6,53 thousand tons, while the production of toilet paper rolls fell by 46.2% to 32.25 million pieces.
Combine, despite the reduction in production of toilet paper, retains leadership in the production of toilet paper in Ukraine: in the past two months the main companies in the industry produced 80.78 million rolls (25% less).
According to statistics from the profile association received from the branch enterprises, in January-February 2023, they produced a total of 87.31 thousand tons of paper and paperboard – 15% less than the almost prewar January-February 2022, and 78.5 million square meters of cardboard boxes – only 0.6% less.
Kiev KBC is one of Europe’s largest cardboard and paper companies, employing about 2.5 thousand people.
As it was reported, in 2022 the mill produced 7 billion 432 million UAH, which is 3.5% less than in 2021.
Pulp Mill Holding (Austria) owns 100% of the company.
The Supreme Anti-Corruption Court has supplemented the preventive measure for the former head of Naftogaz Andrey Kobolev by wearing an electronic bracelet, the bail in the amount of 229.248 million UAH remains in force, the VAKS said.
“VAKS supplemented the main measure of restraint issued by the appellate chamber of VAKS with the need to wear an electronic bracelet,” the court told the Interfax-Ukraine news agency on Tuesday.
Earlier, the Appellate Chamber VAKS partially granted the petition, applying to the former head of the Naftogaz board a preventive measure in the form of bail in the amount of 229.248 million hryvnia. Also, the suspect was subject to the following obligations: to come to the detective, prosecutor and court at each request, not to leave Kiev without the permission of the detective, prosecutor or court, to inform the prosecutor, detective or court on change of his place of residence, to refrain from communication with other suspects in the case and witnesses, to deposit passport (passport) for traveling abroad with the appropriate authority.
According to the court ruling, the suspect had to deposit the funds within 5 days from the date of pronouncement of the decision.
On March 7, Kobolev was bailed out in the amount of 96 million 635 thousand UAH, which was not an obligation, since the funds were not received in full and not within the period specified by the court.
On March 8, the prosecutor asked the court to change the preventive measure for Kobolev – to keep him in custody with the alternative of making 365 million UAH, but not 229 million UAH, as it was before.
On January 19, 2023, the SAP and the NABU notified Kobolev of their suspicion of abuse of office in securing the payment of UAH 229 million in bonuses for his victory in the Stockholm arbitration with the Russian Gazprom. According to the investigation, this amount significantly exceeds the normatively determined amounts of such payments (37.48m hryvnyas).
The European Union (EU) is extending trade protection measures for Ukrainian exports to the EU, known as autonomous trade measures, for another year.
“In solidarity with Ukraine, we have proposed extending the suspension of import duties, quotas and trade protection measures on Ukrainian exports to the EU for another year. And we are working to deepen Ukraine’s integration into the EU single market,” European Commission Vice President Valdis Dombrovskis said Tuesday at the end of a meeting of the EU Economic and Financial Ministers Council (Ecofin).
There are also plans to send Kiev a second tranche of emergency financial aid at the end of March.
“As for the EU emergency financial support for Ukraine, the second disbursement under the macrofinancial aid plus instrument, 1.5 billion euros, should be made at the end of this month,” Dombrovskis said, adding that the total financial support for Ukraine’s budget in the first quarter of this year will result in a total of 4.5 billion euros.
According to him, at the Ecofin meeting he briefed on the status of implementation in Ukraine of reforms necessary to pay the second tranche. The EC is “at the final stage of assessing the conditions for making a decision,” Dombrovskis specified.
In April 2022, the European Commission proposed that import duties on all Ukrainian exports to the EU be suspended for one year.
Last December, the EU Council approved a decision on macrofinancial assistance to Ukraine for the year 2023 in the amount of EUR 18 billion, the loan is provided with a 10-year grace period. In January, Kiev received the first tranche of €3bn. Subsequent payments will be made on a monthly basis starting from March at 1.5bn euros.
The EC believes that with these funds Ukraine will be able to continue paying salaries, pensions, support the functioning of key public institutions, including hospitals, schools and housing for displaced people. In addition, the EU assistance should allow the country to rebuild its infrastructure and maintain macroeconomic stability.
International rating agency Moody’s Investors Service has changed its outlook for the U.S. banking system to “negative” from “stable,” the agency said in a statement.
The decision follows “a rapidly deteriorating operating environment” following the bankruptcies of Silicon Valley Bank, Signature Bank and Silvergate Bank.
“Although the Treasury Department, the Fed and the Federal Deposit Insurance Corporation have announced that all SVB and Signature Bank depositors will receive full compensation, the rapid and significant decline in depositor and investor confidence underscores the asset-liability management risks among U.S. banks, which are exacerbated by rising interest rates,” the press release said.
The Lenten menu was made taking into account the preferences of guests who adhere to dietary restrictions due to religious beliefs. As well as for those who prefer plant-based foods in their diet.
“When preparing the Lenten menu, we paid a lot of attention to the products. Our main goal is to make our meals tasty, nutritious and with the necessary amount of micronutrients, which the body lacks at the beginning of spring” – chef of BEEF restaurant.
The first dishes of the Lenten menu are familiar to us from our childhood – Lenten borscht with prunes and smoked pears and mushroom soup.
The appetizers are a vegetable terrine of grilled bell peppers, zucchini, eggplant, and tomatoes, and a salad with baked beets, granola, and tofu mayonnaise. For the salad, the chef bakes the beets in salt and serves them in raspberry sauce, adds rosemary granola and tofu mayonnaise. Mayonnaise has the right to live when it is really healthy.
The main dishes are baked cauliflower with coconut milk polenta, tagliatelle with tomatoes, and green risotto with pickled tomatoes. BEYOND MEAT meatballs with Jerusalem artichoke cream are a tasty alternative for those who don’t eat meat but miss its taste.
It’s worth a try, because we’re expecting even more premieres on the menu in the spring!
In January-February, Poninkivska Cardboard and Paper Mill-Ukraine (PCPM-Ukraine, Khmelnytsky region), a major Ukrainian corrugated cardboard producer, increased its output of corrugated packaging by almost 30% compared to the same period in 2022, to 12.41 million square meters.
According to Ukrpapir Association statistics provided to Interfax-Ukraine, the mill is still among the top three producers of corrugated packaging after Kyiv Cardboard and Paper Mill and Trypillia Packaging Mill, and is still the fastest growing.
As reported, according to data collected by the association from the industry’s major enterprises, a total of 78.5 million square meters of cardboard boxes were produced in Ukraine over two months, down only 0.6% from the almost pre-war January-February period last year.
According to UkrPapir, Poninkivska KBF-Ukraine produced a total of UAH 417.44 million worth of products in two months, up 27.9% year-on-year.
In physical terms, paper production also increased by 21.6% to 107 tons and production of containerboard by 12.4% to 11.54 thousand tons.
Poninkivske Mill (formerly Poninkivske Cardboard and Paper Mill), once the largest producer of school notebooks, now has one main production line – paper and cardboard, producing mainly corrugated cardboard and corrugated packaging, as well as wrapping and waste paper.
The mill is part of the United Cardboard Company-Ukraine (UCC, Lutsk), whose production assets include, among others, Lutsk KBF-Ukraine (Volyn region), which produced 8.8 thousand tons of cardboard in January-February (according to Ukrpapir), up 18.7%, including 5.76 thousand tons of containerboard (+8.2%).
As reported, in 2022, Poninkivska KBF-Ukraine produced products worth UAH 2 billion 446 million, up 6.5% year-on-year.
