Business news from Ukraine

Business news from Ukraine

Ministry of Education of Ukraine launched “hotline” about admission campaign 2023

The Ministry of Education and Science has launched a “hotline” about the admission campaign 2023.
“Launched an advisory telephone line MES number 0 (800) 50-45-70, as well as e-mail vstup2023@mon.gov.ua, which will receive appeals from citizens. During the whole admission campaign (June 23 – August 11, 2023) the Ministry’s experts will work, who will provide control over the admission, consult citizens and respond quickly to possible violations,” the press service of the Ministry said.
It is noted that in addition, you can call the government hotline 1545 and 0800 50 44 25 – for persons from the temporarily occupied territories, as well as find information about the educational centers “Crimea – Ukraine” and “Donbass – Ukraine”.
Also on the website of the Ministry of Education, in the section “Entrance campaign 2023” there are answers to the most common questions of entry.
“In addition, the MES website will soon work chat-bot. (Recall that the language of the chatbot will be displayed in the language of your browser settings),” – added in the department.

Ukraine will retain state ownership of about 100 strategic companies

The Ministry of Economy will send to the Government of Ukraine a list of just over 100 strategic companies that will remain in state ownership, the list must then be approved by the Verkhovna Rada, said Deputy Economy Minister Sergei Sobolev.
“The rest will be privatized … We still have a lot of state property, we look at it as a locomotive for investment,” he said at a roundtable on “Creating a transparent and accountable Ukraine” in London on Friday.
Sobolev noted that the Ministry of Economy is actively working on the transfer of state companies to the State Property Fund and has already transferred more than one thousand.
“In those that remain, we need to improve corporate governance. This year we need to update the legislation on these tenders,” stressed the deputy minister.
He clarified that the question is about the bill 5593-d “On improvement of corporate governance of legal entities.” “We will have to work to pass it in the parliament by mid-autumn, it is the main task for the next 3-4 months for us,” specified Sobolev.
According to him, the main idea is to improve the legislation so as to attract investment in companies through better corporate governance.
Among other important tasks, he named nationalization of companies of sub-sanctioned entities, corporatization of Energoatom and Guaranteed Buyer, improvement of corporate governance of UGTSU and continuation of reform of Ukroboronprom.

“Poninkovskiy CBF-Ukraine” increased production of corrugated packaging by 35.5%

A major Ukrainian producer of corrugated board – Poninkovsky Cardboard and Paper Mill-Ukraine (PKBF-Ukraine, Khmelnitsky region) in January-May increased the production of corrugated packaging by 35.5% compared with the same period in 2022 – up to 33.5 million square meters.
According to statistical data provided to Interfax-Ukraine agency by UkrPapir association, thus, the factory continues to be in the top three after Kyiv Cardboard and Paper Mill and Trypillya Packaging Mill in the production of these products.
According to statistics, in January-May the production of paper at the factory also increased by 13% to 0.27 thousand tons and containerboard – by 29.7% to 30 thousand tons.
At the same time in May, production of corrugated boxes Ponikovsky CBF increased by 26.2% compared to May 2022, to 7.2 million square meters, and paper and cardboard – by 10.8% to 7 thousand tons.
According to “UkrPapir” statistics, in January-May Poninkovsky CBF-Ukraine produced goods for more than 1 billion UAH – by 34% more than a year earlier.
As reported with reference to the data collected by the Association from the major enterprises of the industry, the five months in Ukraine produced 218.6 tons of paper and cardboard (12% more), and 197.3 million square meters of cardboard boxes (+21.4%).
Poninkovsky factory (formerly – Poninkovsky Cardboard and Paper Mill), once the largest manufacturer of school notebooks, now has one main production – paper and cardboard, mainly produces corrugated cardboard and corrugated packaging, as well as wrapping, waste paper.
The mill is part of the United Carton Company-Ukraine (UCCU, Lutsk), whose production assets include, in particular, the Lutsk Cardboard Mill-Ukraine (Volyn region), which in January-May (according to “UkrPapir”) produced 22.9 thousand tons of various cartons – 37.5% more.
Businessman Mykola Lobov is listed as the beneficiary in the Unified State Register of Legal Entities and Individual Entrepreneurs.
As it was reported, in 2022 Poninkovska CBF-Ukraine produced goods for 2 billion 446 million UAH – 6.5% more than a year earlier.

Zhydachiv Pulp and Paper Mill increases output by 18%

In January-May the Zhidachevsk Pulp and Paper Mill (ZhPPM, Lviv region) manufactured goods for 234.31 mln UAH, which is 18.1% more than in the first five months of 2022.
According to statistical data provided to Interfax-Ukraine agency by UkrPapir Association, the output of corrugated board packaging increased by 34.2% to 9.3 mln. sq. m, packaging cardboard – by almost 38% to 6.7 thousand tons, paper – by 37.3% to 1.8 thousand tons.
In May, the company increased the output of paper and cardboard output by 14.4% to 1.85 thousand tons, corrugated board output by 1% to 2 million square meters. Compared to April this year, the output increased by 11.2% and 8.2%, respectively.
Zheleznodorozhny Paper Mill has the capacity of paper production (corrugated base paper, cardboard liner, wrapping paper) – 43 thousand tons per year, cardboard production – 50 thousand tons, corrugated cardboard and corrugated packaging – 120 million square meters, cast containers (trays for 30 eggs) – 72 million pieces per year.
As reported with reference to the association, received from the industry enterprises, in January-May 2023, they produced a total of 218.6 tons of paper and cardboard (12% more), and 197.3 million square meters of cardboard boxes (+21.4%).
In 2022, Zhidachev PPM produced 510.8 mln UAH in marketable goods, which is 23.1% more than a year earlier, net profit increased by 67.5% to 41.76 mln UAH.

EBRD lends EUR50 mln to state-owned Ukreximbank

The European Bank for Reconstruction and Development (EBRD) has signed a EUR50 million loan agreement with Ukraine’s state-owned Ukreximbank, the loan funds will be used to finance private clients and municipalities.
“Ensuring uninterrupted financing through time-tested partner financial institutions such as Ukreximbank despite the war so that the private sector and municipalities can continue to operate, provide services and support the country is a priority for the EBRD in Ukraine,” EBRD Managing Director for Eastern Europe and the Caucasus Matteo Patrone said in a release Friday.
It is specified that the EBRD’s special crisis response fund covers the risk on the EUR25 million loan.
“During the war and post-war reconstruction phase, it is very important for Ukreximbank’s clients in priority sectors to have access to investment, commercial financing and war risk coverage. The new EBRD financing will certainly contribute to greater sustainability and adaptability of the Ukrainian economy,” said in turn Oleksandr Shchur, a member of the supervisory board of Ukreximbank.
According to the National Bank of Ukraine at the beginning of May, Ukreximbank with total assets of 275.46 billion UAH is the third largest Ukrainian bank among 65 operating in the country.

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“Ceramic Masses of Donbass” resumed production

Ceramic Masses of Donbass LLC (Slavyansk, Donetsk Region) resumed production, the company’s press service said.
“It was a very difficult road to recovery: damaged equipment, a lot of destruction, destroyed electricity/gas lines, inability to access raw materials, but we managed,” the company’s official Facebook page reported.
It is specified that a limited line has been resumed for the time being, semipharmonic mass PFF-3 is already available, once the production processes are set up, the offer will be expanded.
According to opendatabot, LLC “Ceramic Mass of Donbass” was founded in 2007, the authorized capital – 45 million 579 thousand UAH. The founders are PrJSC Ukrainian Ceramic Group (24%) and Dutch World Ceramic Investments B.V. (76%).

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