Business news from Ukraine

Business news from Ukraine

“Poninkovskaya KBF-Ukraine” increased corrugated packaging production by 20% in January

In January, Poninkivska Cardboard and Paper Mill-Ukraine (PCPM-Ukraine, Khmelnytsky region), a major Ukrainian corrugated cardboard producer, increased its corrugated packaging output by 20% compared to January 2023, to 6.85 million square meters.

According to Ukrpapir Association statistics provided to Interfax-Ukraine, the plant continues to be one of the top three producers of corrugated packaging after Kyiv Cardboard and Paper Mill and Trypillia Packaging Mill.

Last month, the plant also increased production of containerboard by 19.1% to 7.5 thousand tons, and produced 0.08 thousand tons of paper against 0.04 thousand tons a year earlier.

As reported with reference to the data collected by the association from the main enterprises of the industry (since the State Statistics Service stopped providing such data in 2019), in January 2024, the production of paper and cardboard in Ukraine decreased by 7.8% compared to January 2023 – to 53.9 thousand tons, while the production of cardboard boxes increased by 11.3%, to 43.4 million square meters.

In monetary terms, in January, PCBF-Ukraine produced products worth UAH 233.75 million, up 6%.

Poninkivska Paper Mill (formerly Poninkiv 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 plant is part of the United Cardboard Company-Ukraine (UCC, Lutsk) owned by businessman Mykola Lobov, whose production assets include, among others, Lutsk KBF-Ukraine (Volyn region), which produced 5.4 thousand tons of various cardboard (up 7.5%) and 3.2 million square meters of corrugated boxes in January (according to Ukrpapir).

As reported, in 2023, PCBF-Ukraine produced almost UAH 2 billion 450 million worth of cardboard, up 3% year-on-year.

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“Naftogaz” increased gas production from workover wells by 20%

In 2023, Naftogaz Group increased production from workover wells by 20% compared to pre-war 2021, which was a record high for the last four years.

“This figure is 20% higher than production in pre-war 2021. I am sincerely grateful to the specialists of Ukrgazvydobuvannya and the entire team that made this result possible,” the group said on its website, citing Naftogaz CEO Oleksiy Chernyshev on Thursday.

Recently, Ukrgasvydobuvannya JSC (UGV), a part of the Naftogaz group, has overhauled and restored an old well, which now additionally produces more than 340 thousand cubic meters of gas per day.

This well had been awaiting abandonment for a long time, but in 2023, experts conducted a detailed analysis, reviewed technical and geological risks, and decided to restore the well through workovers.

“Our experts are constantly working on reviewing and analyzing old wells that can be brought back into operation due to better technical capabilities than decades ago,” commented Oleh Tolmachov, Acting CEO of Ukrgasvydobuvannya.

As reported, in 2022, Ukrgasvydobuvannya produced 12.5 bcm of natural gas (commercial), which is 3% less than in 2021. According to operational data, the company increased production by more than 0.7 bcm in 2023.

NJSC Naftogaz of Ukraine owns 100% of Ukrgasvydobuvannya shares.

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Forecast of unemployment rate in Ukraine according to methodology of international labor organization until 2025

Forecast of unemployment rate in Ukraine according to methodology of international labor organization until 2025

Source: Open4Business.com.ua and experts.news

Ambassador: Australia allocates $AU 50 mln for military assistance to Ukraine

The Australian government is allocating $AU 50 million ($32.4 million) for military assistance to Ukraine, the money will be transferred to the International Fund and used to purchase military equipment for the Ukrainian Armed Forces, Ambassador Extraordinary and Plenipotentiary of Ukraine to Australia Vasyl Miroshnychenko said.

“There is good news from Australia. The Australian government is transferring 50 million Australian dollars (32.4 million US dollars) as military aid to Ukraine. The funds will be transferred to the International Fund for Ukraine (UK) for the further purchase of weapons and equipment for the needs of the Armed Forces of Ukraine,” Miroshnichenko wrote on his Facebook page on Thursday.

According to a report published on the Australian government’s website, Australia’s total support for Ukraine will amount to about $960 million, including $780 million to help the Armed Forces.

“Australia remains committed to supporting Ukraine and the Ukrainians who defend their people, their territory and their sovereignty. The contribution announced today will bring Australia’s total support to Ukraine to approximately $960 million, including $780 million in assistance to the Ukrainian armed forces,” the press release said.

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Kokhavyno Paper Mill increases production by 9%

Kokhava Paper Mill (KBF, Lviv region), which produces sanitary paper products, increased its production by 8.7% in January 2014 compared to January 2013, to UAH 102.94 million, according to statistics from Ukrpapir Association.

According to the data provided to Interfax-Ukraine, in physical terms, production of the base paper for sanitary products increased by 1.7% to 3.6 thousand tons.

Last month, production of toilet paper in rolls increased by 12.3% to 12.7 million units. KBF retains the second place in terms of its output after Kyiv pulp and paper mill (21.3 million units).

As reported, in October last year, Kokhava Pulp and Paper Mill commissioned a paper machine with an estimated capacity of 25 thousand tons per year to produce pulp base paper (previously it produced only waste paper-based products), creating up to 200 new jobs.

To organize such production in 2021, the pulp mill attracted a EUR 13.8 million loan from the EBRD.

Operating since 1939, the Kokhava Paper Mill produces the base paper for sanitary and hygiene products, as well as toilet paper and paper towels. Before the new machine was put into operation, the mill had two paper machines with a total capacity of 40 thousand tons of base paper per year.

In 2023, the mill increased its production by 18% compared to 2022, to UAH 1 billion 151.2 million.

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Results of Ukrainian Squash Championship 2024

On February 10-11, the Ukrainian Squash Championship 2024 took place at the courts of the capital’s Sport Life fitness club in Teremky, bringing together 120 athletes from all over the country. The competition was attended by representatives from Kharkiv, Dnipro, Poltava, Odesa, Kherson, Lviv and other regions of the country.

Anastasia Kostiukova and Denis Podvorny became the champions in the adult category, defeating their rivals by demonstrating a high level of skill and invincible spirit. This victory was especially significant for Denys Podvornyi, as he managed to return to the competition after a year of recovery and win his 7th Ukrainian title, losing only two games to his opponents.

Full list of tournament winners:

Boys under 9 years old:

1st place Kostyukov Artem

2nd place Nikolai Filipov

3rd place Mark Grabovsky

Boys under 11 years old:

1st place Schneider Artem

2nd place Matyukhov Egor

3rd place Horbunov Ivan

Girls under 13 years old:

1st place Syvoplias Victoria

2nd place Orlenko Oleksandra

3rd place Krasnokutska Daria

Boys under 13 years old

1st place Andrii Hutsailiuk

2nd place Doroshenko Gleb

3rd place Tomenchuk Mykyta

Girls under 17 years old:

1st place Krykun Anastasia

2nd place Vlasenko Daria

3rd place Tarasova Anna

Boys under 17 years old:

1st place Panchenko Artem

2nd place Danylo Kurilyak

3rd place Shcherbakov Yegor

WOMEN:

1st place Kostyukova Anastasia

2nd place Krykun Anastasia

3rd place Sardak Liana

MEN:

1st place Podvorny Denis

2nd place Panov Nikita

3rd place Petrovych Ruslan

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The organizers expressed their sincere gratitude to the Armed Forces of Ukraine for the opportunity to host and conduct such events. They also thanked the Sport Life club network for providing courts free of charge, Interfax Ukraine, Experts Club and Maxim Urakin for their media coverage of the tournament, as well as Thermopab represented by Alexander Batashov and KRAINA for their tireless support and assistance in organizing the tournament.

Special thanks go to Tecnifibre for valuable gifts for the children’s categories, as well as to all the players and referees who were able to join this sporting event.

This championship confirmed that even in difficult times, Ukrainians retain the ability to unite, grow and achieve great success. The winners and runners-up in the children’s categories once again reminded us of the importance of sport in developing young people and strengthening the national spirit.

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