Business news from Ukraine

Business news from Ukraine

US-Unternehmen Halliburton verkaufte Russland-Geschäft an lokales Management

Das US-Unternehmen Halliburton hat den Verkauf seiner russischen Niederlassung an das lokale Management vollzogen, teilte der Ölfelddienstleister am 9. September mit.
„Damit operiert Halliburton nicht mehr in Russland. Das in Russland angesiedelte Managementteam besitzt und betreibt nunmehr das Geschäft und die Vermögenswerte von Halliburton in Russland als OOO (GmbH) BurService, die von Halliburton unabhängig ist“, heißt es in der Mitteilung.
Halliburton hatte im März den Ausstieg aus dem Russland-Geschäft angekündigt. Im Juli verlautete, dass die Halliburton Co. im zweiten Quartal mit der Aufgabe des Geschäfts in Russland 344 Mio US-Dollar abgeschrieben habe.

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National Bank discusses possibility of “re-mothballing” government bonds portfolio

The National Bank of Ukraine is discussing the issue of a possible entry into the secondary market with its portfolio of domestic government bonds, as this may be one of the elements of strengthening monetary transmission and sterilizing excess hryvnia liquidity, NBU deputy head Serhiy Nikolaychuk said.
“In addition, this step will reduce the negative impact of the issue. We are working on technical issues and consulting with our stakeholders,” he said in an interview with Delo.
Commenting on the opinion that the National Bank’s entry into the market with its bonds may reduce the effectiveness of the primary auctions of the Ministry of Finance, Nikolaychuk noted that the reason for the low results of these auctions lies in the low rates offered to buyers, which was confirmed by insignificant volumes of attraction even before the resumption of the secondary government bonds market in early August.
“In order for the auctions of the Ministry of Finance to be successful, it should move towards the government bonds yield that the market wants to see. The NBU, in the event of an exit with its portfolio of government bonds, will focus primarily on the market yield of government bonds. Otherwise, such a step would make no sense” – said the deputy head of the NBU.
According to him, now for the most liquid hryvnia government bonds with a circulation period of 6-12 months, rates in the secondary market have stabilized at the level of 20-25% per annum, while the Ministry of Finance offers 12-14%.
Speaking about the situation in the foreign exchange market, Nikolaychuk pointed out that today the balance of supply and demand in the foreign exchange market of the National Bank “is more or less satisfactory.”
“And according to our estimates, it should not worsen during September and October. We also expect that, thanks to international assistance, we will be able to keep gold and foreign exchange reserves at a sufficient level,” the deputy head of the NBU said.
Currently, the total value of government bonds in the portfolio of the National Bank in terms of the principal debt is UAH 619.5 billion, while the total government bonds in circulation are worth UAH 1 trillion 280.9 billion, and the portfolio of banks is UAH 497.2 billion, non-residents – 66.9 billion UAH, legal entities – UAH 65.8 billion and individuals – UAH 30.8 billion.

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Zoom will provide its products for distance learning in Ukraine

Zoom Video Communications, Inc. will provide its products for distance learning, according to the Ministry of Education and Science.
“The Ministry of Education and Science of Ukraine and Zoom Video Communications, Inc. have agreed to grant a license for the unified communication platform Zoom Education and Large Meetings applications for organizing distance learning in educational institutions of Ukraine,” the ministry’s press service said.
It is noted that Zoom will provide a sufficient number of licenses so that every school and institution of higher education in Ukraine can carry out educational programs online.
The agency says that as of today, nearly 800 schools have licensed access to use Zoom tools, allowing millions of applicants to start the 2022-2023 school year on time.

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State budget of Ukraine received a grant from United States in amount of $1.5 billion

Prime Minister of Ukraine Denys Shmyhal says that the state budget has received a $1.5 billion grant from the United States from the World Bank Trust Fund.
“The state budget received a grant in the amount of $1.5 billion. This is the last tranche of $4.5 billion from the United States from the World Bank Trust Fund,” Shmygal wrote on Twitter.
According to him, the funds will be used to reimburse budgetary expenses for pension payments and social assistance programs.
The prime minister thanked US President Joseph Biden for supporting Ukraine.

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Quotes of interbank currency market of Ukraine (UAH for €1, in 01.06.2022-30.06.2022)

Quotes of interbank currency market of Ukraine (UAH for €1, in 01.06.2022-30.06.2022)

Lviv “Cardboard and Paper Company” for 8 months. increased production volume by 44%

Cardboard and Paper Company LLC (Lviv), a major Ukrainian manufacturer of cardboard sleeves and sanitary and hygienic products, in January-August increased its production by 44.2% compared to the same period in 2021 – up to 724, UAH 94 million
According to the statistics of the UkrPapir Association, provided to the Interfax-Ukraine agency, the company thus maintains an increase in this indicator (more than 44%) compared to the same period last year (according to the results of 7 months, it was 44.7%).
In pack terms, the company increased the output of base paper for sanitary products by 8.5% to 4.8 thousand tons, while increasing the output of toilet paper in rolls by 42.8% to 2.65 million pieces.
The output of cardboard products increased by 2.7% – up to 17.8 thousand tons.
At the same time, in August, the factory increased the production of paper and cardboard by 23% compared to August 2021 – up to 3.16 thousand tons.
As reported with reference to the statistics of UkrPapir, the factory continued to work all months from the beginning of the year, reducing the production of paper and cardboard in March (by March 2021), but in April it already switched to positive dynamics, which it maintained in the following months.
Cardboard and Paper Company (until 2011 – Lvivkartonoplast) produces products and semi-finished products from recycled cardboard (cardboard sheets, corners, sleeves), cellulose and recycled waste paper (toilet paper, towels, napkins (TM Papero).
In 2021, the company produced products worth UAH 782.7 million, which is 47% more than a year earlier.

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