Trypillia Packaging Plant (TPK, Ukrainka, Kyiv region), a subsidiary of Rubizhne Cardboard and Packaging Plant, which stopped operations in Luhansk region, increased its corrugated packaging output by 19.7% in January-September compared to the same period in 2023, to 123.62 million square meters.
According to UkrPapir statistics provided to Interfax-Ukraine, the mill is now the second largest producer of corrugated packaging after Kyiv Cardboard and Paper Mill (166.7 million square meters).
According to the association, in September, TPK increased its corrugated packaging production by 10.6% year-on-year and by 1% year-on-year to 14.4 million square meters.
In monetary terms, the TPC’s production volume in January-September increased by 12.3% to UAH 2 billion 026 million.
The main companies in the industry that provided data to Ukrpapir Association increased their production of cardboard boxes by 15.6% to 434.6 million square meters during this period.
Earlier it was reported that before Russia’s full-scale invasion of Ukraine, Rubizhne Pulp and Paper Mill together with TPK were the leaders among corrugated packaging producers in Ukraine.
After the destruction, the plant in Rubizhne shut down, and the legal entity Rubizhne CPP was re-registered in Kyiv.
TPK produces a wide range of corrugated cardboard products for food, industrial goods, and chemicals. Among its customers are Roshen, Coca-Cola, MHP agricultural holding, and Lactalis Group.
In 2023, the plant increased its commercial output by 13.7% compared to 2022, to UAH 2 billion 480 million, while corrugated packaging production increased by 18% to 145.8 million square meters.
In the first nine months of 2024, Arterium Pharmaceutical Corporation increased its share of exports to 20% in physical terms, while maintaining its share in monetary terms at 23%.
As Arterium told IF, in 2023, the share of export sales amounted to 17% in physical terms and 23% in monetary terms.
“In 2023, Arterium reached the pre-war level of profit from export operations. Compared to previous years, we see a gradual increase in exports,” the corporation said.
At the same time, Arterium notes that the main focus of the corporation’s export strategy is on expanding its operations in Europe, Asia and neighboring regions.
“Arterium has already formed a portfolio of about 20 products with which it plans to enter the European market. Among them, in particular, are products for the treatment of cardiology and endocrinology diseases,” the corporation said.
Arterium reminded that in 2023, the corporation registered its first product in the EU market, Chlorophyllipte Solution, in Latvia, which, thanks to Latvian partners, is now available in Poland.
“In the future, we plan to supply it to other Baltic countries,” the corporation said.
At the same time, Arterium notes that a GMP certificate from the country’s regulatory authority is always a pass to a new market, “but some countries create barriers to industry competitors, thus protecting local producers.”
“One such market is the European market. The Ukrainian pharmaceutical business has been waiting for the so-called “visa-free regime for medicines” for a long time. It is important for the Ukrainian pharmaceutical industry to achieve the recognition of Ukrainian GMP certification in the European Union as soon as possible, as this is the main barrier to exports today,” the corporation emphasized.
The corporation also noted that Arterium is actively considering the possibility of entering the African market in the near future, which is one of the fastest growing markets for pharmaceutical products, thanks, in particular, to population growth, improved economic conditions and active support from international humanitarian organizations that provide funding and resources for the provision of medicines.
At the same time, there are a number of risks in this market, including insufficient harmonization of regulatory systems across Africa, difficulties in drug delivery and internal logistics problems, financial instability, payment delays, and the presence of a significant number of counterfeit drugs on the market.
“The corporation is looking for opportunities to partner with local distributors and international organizations to overcome obstacles and meet the growing demand for pharmaceuticals in the region,” Arterium said.
As reported earlier, according to the Proxima Research analytical system, Arterium Pharmaceutical Corporation, which increased its retail sales by 22.5% in UAH equivalent in the first six months of 2024, rose from sixth position in the first half of 2023 to third place in the pharmaceutical market. In the first half of the year, Arterium’s share in the retail pharmaceutical market amounted to 3.23%.
As of October 17, 2024, prices for slaughter pigs decreased by 6.5% compared to a week earlier, according to the industry association Pig Producers of Ukraine.
“The negative price dynamics that began at the end of the first decade of October continued in the middle of the month. Thus, according to the results of last week’s auction, most commercial batches of live pigs were sold at 53-55 UAH/kg. Although in some places there were offers at both higher and lower prices by 1 UAH/kg, the weighted average market price was 55 UAH/kg. This is 3.8 UAH/kg, or 6.5%, lower than a week earlier,” analysts said.
One of the main factors that, according to some procurers, affected the price situation was seasonal fluctuations in supply and demand. Thus, traditionally, with the decrease in temperatures, the growth rate of live weight of pigs has recovered, and consumer activity is somewhat reduced with the seasonal reorientation to alternative types of protein (mushrooms, fish, poultry) and preparation for the heating season.
Other operators, on the other hand, state that trade is relatively stable and planned, so they see no prerequisites for lower prices, although most of them avoid predicting further price fluctuations until the active phase of trading begins.
Gold updated its record high on Thursday, with its price exceeding $2712 per ounce during trading.
The precious metal is rising amid a general increase in demand for the most reliable assets amid uncertainty surrounding the US presidential election, continued tensions in the Middle East, and pessimism about the prospects for the Chinese economy. Gold is also supported by monetary policy easing by the world’s largest central banks.
On Thursday, the European Central Bank (ECB) cut all three key interest rates by 25 basis points (bps), noting that “the disinflationary process in the euro area is proceeding in line with expectations.”
The cost of December gold futures on the Comex as of 19:50 Kyiv time on Thursday amounted to $2705.9 per ounce, which is 0.5% higher than at the close of the previous session. Earlier in the day, the price of the precious metal rose to $2712.7 per ounce.
Since the beginning of this year, December futures have risen by 25.2%.
Number of vacancies as of 30.06.2024 (thousand units) according to the data of the state employment center
Open4Business.com.ua
Incumbent Moldovan President Maia Sandu is the favorite in the presidential race, while candidates Alexandru Stoianoglo and Renato Usatîi are fighting to reach the second round. These are the results of an opinion poll presented on Thursday, conducted by CBS-AXA and commissioned by the WatchDog.MD community. The presidential election in the country will be held next Sunday, October 20.
“Maia Sandu is the favorite in the race, with over 35% ready to vote for her. 9% are ready to vote for the candidate of the Socialist Party, Alexandru Stoianoglo, and 6.4% for the head of the Our Party, Renato Usatîi. The remaining eight candidates are gaining between 0.5 and 3% of the vote,” said Vasyl Kantarzhy, director of CBS-AXA, sociologist.
According to the poll, 85.7% of respondents said they would definitely go to the polls on October 20. Another 8.3% said they were likely to vote.
At the same time, 28.1% of respondents have not decided, 2.9% said they would not go to the polls, and 9.9% did not answer the question.
Vasyl Kantarzhy said that the polls of recent months show an “atypical trend”, namely that “as the election date approaches, the number of undecided voters is growing”.
He attributed this growth mainly to opposition candidates, in particular, Oleksandr Stoianoglo’s claims of Romanian citizenship, as well as the events surrounding the Shora group. “This forced supporters of a number of opposition candidates to reconsider their position and become undecided,” Kantarzy said.
There are 11 candidates registered to run in the presidential election, a record number of candidates for the entire period of national presidential elections in Moldova. In the period from 2000 to 2016, the president of Moldova was elected by the parliament.
The survey was conducted by telephone on October 11-16 with the participation of 1034 people. The margin of error is 3.05%.
Earlier, the Experts Club think tank presented an analytical material on the most important elections in the world in 2024, more detailed video analysis is available here – https://youtu.be/73DB0GbJy4M?si=eGb95W02MgF6KzXU
You can subscribe to the Experts Club YouTube channel here – https://www.youtube.com/@ExpertsClub
