Business news from Ukraine

Business news from Ukraine

State enterprise “Forests of Ukraine” will plant 86 million new trees in fall

The state enterprise “Forests of Ukraine” will plant 86 million new trees on the territory of 13.9 thousand hectares in the fall of 2023, the company’s director general Yuriy Bolokhovets said.

“We started the forest cultivation campaign in the fall. Our priorities: forests of new quality, more resistant to climate change, less vulnerable to pests and fires. The areas of monoculture creation are being reduced, predominantly mixed forest crops are being designed,” Bolokhovets noted.

Among the priorities of the enterprise is also afforestation of all clear-cuts in the forests of the State Enterprise “Forests of Ukraine”, as well as afforestation of degraded areas transferred to the State Enterprise “Forests of Ukraine” by local communities.

“We are significantly increasing the share of seedlings with closed root system (CRS). By this indicator we are gradually catching up with Poland. Five modern breeding centers have been opened and are already working. Opening of four more will increase the planting material with CLS up to 25 million units. Such seedlings give better survival rate, higher growth. The duration of the silvicultural campaign increases”, – said the Director General.

According to his information, instead of dying artificial spruce plantations in the Carpathian region will be planted natural beech and spruce forests, which have decorated the mountainsides for centuries. Large-scale forest planting in southern Ukraine is also planned.

“In the past, only 100-200 hectares of forest were planted there annually in the south. This year at the expense of the State Enterprise “Forests of Ukraine” carried out a huge preparatory work and we will plant about 5.4 thousand hectares”, – emphasized Bolokhovets and added that the reproduction of forests in the South of Ukraine will be carried out exclusively taking into account the results of scientific research to preserve natural ecosystems.

As reported, the State Specialized Economic Enterprise “Forests of Ukraine” is one of the largest forest users in Europe and the largest forest user in Ukraine. It is under the management of the State Agency of Forest Resources of Ukraine. The enterprise manages 6.6 million hectares of the state forest fund.

In Ukraine, the forestry reform started in 2016. Within its framework, the sale of untreated timber at electronic auctions has already been introduced. Since 2021, an interactive map of timber processing facilities location has been in test mode in a number of regions.

The industry has introduced the project “Forest in a smartphone”, which contains a list of logging tickets for timber harvesting and allows to check the legality of logging on the online map of the department.

Since June 1, 2023 Ukraine has launched a pilot of electronic issuance of logging tickets and certificates of origin of timber. In addition, the State Enterprise “Forests of Ukraine” started a pilot project for the procurement of timber harvesting services through the electronic platform Prozorro.

To date, Forests of Ukraine has harvested more than 130 thousand cubic meters of firewood for the heating season 2023/2024.

Lviv “Cardboard and Paper Company” for 9 months increased production volume by 13%

LLC “Cardboard and Paper Company” (Lviv), a major Ukrainian manufacturer of cardboard sleeves and sanitary-hygienic products, in January-September 2023 increased its output by 13.2% to UAH 965.6 mln ($965.6 mln) compared to the same period of 2022.

According to the statistical data of UkrPapir Association provided to Interfax-Ukraine, in physical terms the company increased the output of cardboard products by 1.9% – up to 20.5 thousand tons, paper-base for sanitary-hygienic products by 5.1% – up to 5.7 thousand tons. Output of toilet paper in rolls increased by 50% to 4.5 mln pieces.

At the same time, in September the company increased output of paper and cardboard by 6% compared to the same month last year – up to 3.13 thousand tons, which is also 2% more than in August this year.

Cardboard and Paper Company LLC produces products and semi-finished products from recovered paperboard (cardboard sheets, corners, sleeves), pulp and recycled waste paper (toilet paper, towels, napkins TM Papero). Supplies products to EU countries, among others.

Customers include Biosphere, Arterium, Nestle, Khlebprom, and Yarich.

As reported, in 2022, the factory, without suspending work during the year, increased the volume of marketable products by 51.5% compared to 2021 – up to 1 billion 186 million UAH. Net profit tripled to UAH 263.7 mln.

Validity period of electronic prescriptions in Ukraine increased to 90 days

The validity period of electronic prescriptions for prescription drugs which a patient buys at his or her own expense has been extended from 30 to 90 calendar days.

According to the Ministry of Health on its website, the validity period of prescriptions for narcotic drugs remains the same – 10 days. For drugs subject to reimbursement, dispensed on preferential terms, or for extemporaneous drugs also remains the same – 30 calendar days.

The Ministry of Health reminds that narcotic drugs are dispensed only by electronic prescription.

Antimonopoly Committee will consider complaint of insurer Salamandra against Energoatom’s tender conditions

The Antimonopoly Committee of Ukraine (AMCU) has accepted for consideration the complaint of IC Salamandra (formerly DIM Insurance, Dnipro) against the terms and conditions of the tender of the State Enterprise “NAEK Energoatom” for compulsory motor third party liability insurance of owners of land vehicles (MTPL).

According to the decision of the AMCU on October 10, published in the system of electronic procurement Prozorro, the customer within two working days to send electronically to the appeal body the relevant information, documents and materials on the procurement procedure, as well as information on the differences between the deadline in the tender documentation and the announcement of the procurement procedure.

Consideration of the complaint will be held on October 17.

As reported, the tender was announced on October 4. The expected cost -258,396 thousand UAH.

IC “Salamandra” is part of non-banking financial group “Salamandra”, the ultimate beneficiary and owner of which is Yuriy Yavtushenko.

On November 2 and 3, the XXI CFO Forum will be held in Kyiv

On November 2 and 3, Kyiv will host the 21st Ukrainian CFO Forum, also known as the Ukrainian CFO Forum.

The main theme of the 2023 event is “Strategy and Tools for Business Transformation”. The forum will feature speeches, discussions, on-stage interviews, specialized webinars and workshops, and the event will bring together more than five hundred top managers from all over Ukraine in offline and online formats.

Why should you attend the 21st Ukrainian CFO Forum?

During the forum, more than 40 speakers – CFOs of leading international and Ukrainian companies – will help define a strategic plan for aligning resources with priorities and critical areas of development, and share their own experience on how businesses can use new tools and transformation strategies for agility and growth.

Key topics for discussion:

  • Digitalization of financial function processes. Tetiana Tymchenko, CFO of Nova Poshta
  • Digital transformation as a catalyst for business recovery. Oleksiy Yegorchenkov, Senior Manager, Technology Consulting Group Leader, EY Ukraine
  • Process reengineering before digital transformation: How not to automate chaos? Yulia Arnautova, MonoPack LLC
  • ESG principles as part of the value creation model. Viktor Piddubnyi, CFO Danone Ukraine
  • Financial planning and forecasting under extreme uncertainty. Sergiy Dudar, CFO of DTEK Energy
  • Effective tools for financing customers during the war. Tatiana Milenko, CFO of the North Black Sea Zone, Timak Agro Ukraine
  • Liquidity management in the era of crisis. Pavlo Davydenko, CFO of Aleana
  • Topical areas for international business in 2024. Natalia Gaikalova, CFO/Founder of Finevolution
  • Partnership for business process optimization. Olena Dunina, CFO for Ukraine, Central Asia and the Caucasus, Corteva Agriculture.

The forum will be held with the support of international companies Payoneer, Pivdenny Bank, KPMG in Ukraine, Boyden, Asters, Arzinger, Vchasno, Innoware, EY Ukraine, ACCA and other. partners.

For security reasons, the venue is not announced. The FA Service team is preparing an offline event and an online broadcast for those who are unable to attend the forum live.

More information about the program, speakers and partners of the forum is available on the website: https://cfo.ua/ukr/xxi_cfo_forum-2023.

Interfax readers have special participation conditions until October 25. With the promo code BraveInterfax20, you will receive -20% off all participation packages. Join in teams and invite your colleagues to divide the focus areas and ask questions to the speakers: https://cfo.ua/ukr/xxi_cfo_forum-2023#tickets

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There are 97 objects on market of cottage towns in Kiev – expert

On the market of cottage towns in Kiev in September 2023 there are 97 objects, which is 11 more than a year earlier, said the director of consulting company “RealExpo” Victor Kovalenko.

“In the market of cottage construction in Kiev during the year appeared 11 new projects: one town in Goloseevsky, Dniprovsky, Obolonsky and Svyatoshinsky districts. Two new projects appeared in Darnytskyi and Desnyanskyi districts. Three new towns appeared in Solomensky district”, – Kovalenko is quoted in the research of “RealExpo”, published on the portal zagorodna.com.

Thus, in Solomenskyi district there are 27 cottage towns, in Goloseevskyi – 20, in Darnitskyi – 17, in Svyatoshynskyi – nine, in Desnyanskyi – eight, in the rest – five or less.

Townhouses (69%), cottages (30.9%), duplexes (11.3%) prevail in the structure of real estate types in cottage towns of the capital. The share of quadrohouses is only 2%.

According to Kovalenko, prices for cottage towns decreased by 7.8% compared to last year, to 53.8 thousand UAH/sq. m. The highest prices are offered in Podilsky district (86.3 thousand UAH/sq. m), Goloseevsky district (77 thousand UAH/sq. m) and in Svyatoshinsky district (50.7 thousand UAH/sq. m).

According to the company’s data, in September of this year construction of 24 townships is underway, while the number of completed townships is 65, eight are at the project stage. 41 cottage towns in Kyiv have been fully built and sold.

During the year the construction of nine cottage towns was completed, construction work has started on two. At the same time, construction has been suspended in 10 cottage towns.

Source: https://www.zagorodna.com/uk/analitika/protyagom-roku-u-kiyevi-z-yavilosya-10-novih-kotedzhnih-mistechok-vartist-u-mistechkah-vpala-na-7-87.html