KYIV. Dec 16 (Interfax-Ukraine) – Weidmann Malyn paper factory (MPF, Zhytomyr region), the only producer of electrical insulating board for power engineering machines in Ukraine, increased production by 84% in January-November 2015 year-over-year, to UAH 374 million.
According to statistics of the Ukrpapir association, cardboard output in natural terms rose by 65.2%, to 4,900 tonnes, while paper production fell by 30%, to 3,800 tonnes.
The mill produces electrical insulating board, filter paper, stained base paper and cardboard, as well as a wide range of packaging and special types of paper. Raw materials are supplied from Russia, Austria and Sweden.
In 2014, electrical insulating board exports accounted for almost 70% to Ukraine and 25% to the CIS countries.
Transformer boards produced by the plant are sold in Ukraine (20%), the CIS states (30%) and non-CIS states (50%).
As reported, in 2014 Malyn paper factory increased production by 7.1% against 2013, to UAH 217.51 million, while paper production fell almost by 11%, to 6,040 tonnes, transformer board production dropped by 24.4%, to 3,140 tonnes.
Wicor Holding AG (Switzerland) owns a 94.6% stake in Malyn factory.
KYIV. Dec 16 (Interfax-Ukraine) – The Ministry of Economic Development and Trade has proposed the Cabinet raise the threshold of payment transactions which may be carried out without using cash registers from UAH 75,000-200,000 to UAH 250,000-500,000.
The ministry posted the relevant draft resolution of the Cabinet on its website.
The ministry pointed out that the Cabinet by its resolution No. 1336 of August 20, 2000 set the maximum annual volume of payment transactions for the sale of goods and services without using cash registers at UAH 200,000 per business entity and UAH 75,000 per structural unit. Now the ministry proposes increasing them to UAH 500,000 and UAH 200,000 respectively.
The ministry said it is necessary to take into account inflation, which occurred over the period of validity of the decision, as well as the specifics of commercial activity and providing certain services.
KYIV. Dec 15 (Interfax-Ukraine) – The European Bank for Reconstruction and Development (EBRD) has provided a $20 million working facility to Ukrainian Agrarian Investments (UAI) to replenish working capital under the bank’s EUR 150 million Ukrainian Corporate Support Facility designed to support existing EBRD clients in the country.
The bank said that the board made the decision on December 9, 2015.
The loan would allow the existing client of the bank to have enough working capital for processing 195,000 hectares in the 2016/2017 seasons, the bank said, pointing at the liquidity crisis at Ukrainian companies.
UAI unites over 70 farms located in northern and western Ukraine and it has been cooperating with the EBRD since 2010. Last year the bank provided a $13 million working facility to the company.
The EBRD is the largest international financial investor in Ukraine. As of September 1, 2015, the bank had a total cumulative commitment of EUR 11 billion in 346 projects in the country.
KYIV. Dec 15 (Interfax-Ukraine) – The Ukrainian government has proposed that in 2016 some UAH 3.39 billion is provided in the national budget to finance the space sector, and around 30% of the funds are sent to the special fund to finance defense programs.
According to the draft 2016 national budget posted on the parliament’s website, UAH 2.47 billion (74%) of the funds will be financed from the general fund of the national budget.
Some UAH 223.6 million is planned to provide for financing of the works under state targeted programs and state orders in the space sector, including the general state targeted research space program, which is 4.5 times more than in 2015 (UAH 49.4 million).
A total of UAH 110.6 million will be sent for testing spacecraft, including UAH 107.64 million from the general fund. UAH 269.4 million from the general fund is foreseen for disposal of solid rocket fuel of SS-24 at Pavlohrad chemical plant (Dnipropetrovsk region).
Some UAH 1.85 billion from the general fund or 55.9% of total financing will be sent to fulfill liabilities on credits raised to realize the Cyclone 4 and National Satellite Communications System projects.
The draft document foresees that UAH 925.8 million (27.2% of total financing) will be provided from the special fund to implement state targeted programs on reformation and development of defense and industrial complex, designing and introduction of new technologies, boosting the industrial capacity of the sector facilities to produce defense products.
KYIV. Dec 15 (Interfax-Ukraine) – Kyivsky cardboard paper mill (Obukhiv, Kyiv region), a leader in Ukraine’s pulp and paper industry in terms of production and sales, produced goods worth UAH 3.457 billion in January-November 2015, 54.4% up on the figure for January-November 2014.
According to the UkrPapir association, in January-November 2015, the mill decreased its production of corrugated cardboard packaging by 2.1%, to 180.3 million square meters. The mill decreased its production of cardboard by 1.5%, to 186,700 tonnes, including a rise of 8% in production of commodity cardboard, to 113,600 tonnes and a decline of 13.2% in production of box cardboard, to 73,160 tonnes.
Production of base paper (for sanitary products) decreased by 12.2%, to 64,850 tonnes, while production of toilet paper fell by 14%, to 362.2 million rolls.
In January-November cardboard packaging production in Ukraine fell by 15.4%, to 684.5 million square meters, and cardboard and paper output dropped by almost 10.2%, to 729,400 tonnes.
Kyivsky cardboard paper mill is one of the largest cardboard and paper producers in Europe. It mainly produces goods from wastepaper. Its capacity for processing wastepaper exceeds 850 tonnes a day. The mill exports its products to CIS states and other countries.
The active work of the Ukrainian League of Industrialists and Entrepreneurs (ULIE) and Businesseurope, the most influential business lobbyist in the EU, which brings together business associations in almost 40 European countries, has entailed the signing of a memorandum of cooperation between the organizations in Brussels on December 9. This was preceded by the numerous preliminary contacts, a number of meetings between ULIE President Anatoliy Kinakh and Businesseurope CEO Markus Beyrer in Kyiv and the Belgian capital.
It should be mentioned that in spring this year, to maintain a continuous dialogue, Businesseurope contributed to the opening and the successful start of work in Brussels of the mission of the ULIE and all Ukrainian businesses in the EU.
The partners agreed to exchange information, hold bilateral and multilateral meetings both in Ukraine and in the EU. The agreement also foresees the possibility of joint participation in international projects that promote partnership relations between entrepreneurs, developing the potential of organizations with the assistance of businesses.
“Today’s meeting was very fruitful and rich, we worked on all the aspects of interaction between the ULIE and Businesseurope within the main tasks of the Ukrainian business to enhance cooperation with European entrepreneurs, access to EU markets, the possibility of seeking mechanisms for participation in tenders of the union structures. I want to note that Businesseurope provides tremendous support for the ULIE in implementing the European integration aspirations of our country and the domestic business,” Anatoliy Kinakh said.
Deepening communications in various sectors of the economy, including banking, the IT sector, energy efficiency and energy saving, entrepreneurship were noted among the priority areas of cooperation between the two business organizations. Another important issue is the joint monitoring of the mutual obligations of Ukraine and the EU within the framework of the Association Agreement, the evaluation of effectiveness of the EU programs aimed at supporting Ukrainian businesses, including small and medium. Separate working groups of Businesseurope and the ULIE, the profile associations of Ukrainian businesses that are members of the Anti-Crisis Council of Non-Governmental Organizations will work on these and other issues.
Reference. Businesseurope is the largest business association of the European Union, representing 20 million small, medium and large companies united into 40 national associations of industrialists and entrepreneurs from 34 European countries. Among the core businesses of this structure are the organization of interaction between business circles in Europe in the development of economic and foreign policy of European countries and primarily the EU member states.
