Business news from Ukraine

Business news from Ukraine

Ukraine, along with China, India, Argentina, Brazil entered the top 5 world exporters of honey

Ukrainian honey producers have strengthened their positions in the global honey market over the past 10 years and increased export volumes in the period from 2012 to 2023 by more than five times, the press service of the Ukrainian Club of Agrarian Business (UCAB) said.

“In 2024, Ukrainian honey, despite the difficulties of a full-scale war, continues to demonstrate a steady positive dynamics in the world market. For the first three months of this year, honey exports amounted to more than 23 thousand tons, which in money equivalent is $44 million. The greatest demand is constantly observed in the countries of the European Union, in particular in Germany, Poland and France, which account for almost half of foreign currency earnings,” – said analysts.

According to their information, Ukraine has been in the top 5 world exporters of honey for several years. Thus, according to the results of 2023 Ukraine in honey exports takes the fourth place among the traditional world leaders with 55.4 thousand tons. In this rating it is ahead of China with 152.6 thousand tons, India – 98.7 thousand tons, Argentina – 68.9 thousand tons, and on the fifth position is Brazil with 28.5 thousand tons of honey.

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Zelenyi Park increased production by 22% in January-July this year

Zelenyi Park LLC (Iziaslav, Khmelnytskyi region), which produces corrugated paper (fluting) and containerboard, increased its production by 22.2% in January-July this year compared to the same period in 2023, to almost UAH 297 million.

According to UkrPapir Association’s statistics provided to Interfax-Ukraine, the company’s output increased by 10.5% in physical terms to 16.8 thousand tons. At the same time, in July, the company reduced production of fluting and testliner by 35% to 2.25 thousand tons by July 2023.

Zelenyi Park LLC was registered in 2011 and manufactures products from waste paper (the volume of acceptance of pressed sorted waste paper starts from 18 tons).

The factory is equipped with Finnish Valmet equipment, which allows it to produce fluting and testliner with a density of 70 to 200 g/sq. m and a roll width of up to 2.8 m.

According to the Clarity Project, 100% of the company is owned by Cyprus-registered Carton Mill Limited, and the ultimate beneficiaries are Kyiv resident Volodymyr Shandra and ATB co-owner Gennadiy Butkevych.

The company ended 2023 with a loss of UAH 78.2 million (56% more than a year earlier) on a 6.8% drop in revenue to UAH 498.6 million, and in the first half of this year increased revenue by 58.4% to UAH 258 million in January-June 2023, but suffered a loss of more than UAH 47 million.

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“Kyiv Metro” has signed contract with Avtostrada for construction of subway to Vynohradar for UAH 13.8 bln

Kyiv Metro has signed a contract to continue construction of the Syretsko-Pecherska subway line in the direction of the Vynohradar residential area, with Avtostrada Group LLC winning the tender.

According to the website of the Kyiv City State Administration, the construction period is set at 30 months and the cost of the works is UAH 13 billion 785 million. The procurement was conducted on the Prozorro public procurement platform.

“We are currently in the process of obtaining all the permits required by law and handing over the construction sites to the contractor. After that, construction work will begin,” the statement said.

The city administration emphasized that the construction of the subway will not only solve transportation problems, but will also provide residents of the Podil district with “round-the-clock reliable shelters.”

According to the Kyiv City State Administration, the right-hand tunnel has already been built, stretching almost 1,250 meters from Mostytska station to Syrets station. In addition, the construction of the main structures of the distillation ventilation unit has been completed. Also, the wall-in-soil method of enclosing structures and the metal structures for the pit have been partially installed. The main structures of the combined traction substation were constructed, and two-tier tunnels were partially constructed.

In December 2023, Kyiv Metro terminated the contract with Kyivmetrobud JSC in court due to the failure to meet the deadlines for construction work. The court is considering the recovery of a part of the prepayment, the use of which is not confirmed by the relevant acts of work performed, as well as penalties.

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Trypillia Packaging Plant maintains 22% increase in corrugated packaging output

Trypillia Packaging Plant (TUP, Ukrainka, Kyiv region), a subsidiary of the shutdown Rubizhne Cardboard and Packaging Plant in Luhansk region, increased its corrugated packaging output by 21.9% in January-July compared to the same period in 2023, to 94.9 million square meters.

According to Ukrpapir Association statistics provided to Interfax-Ukraine, the plant is now the second largest producer of corrugated packaging after Kyiv Cardboard and Paper Mill (128.8 million square meters).

As reported, in the first half of the year, the plant increased its corrugated packaging production by 22.3% compared to the same period in 2023.

According to the association, in July, TUK increased its corrugated packaging production by 20% year-on-year and up to 14.9 million square meters by June this year.

In monetary terms, TUK’s production in January-July increased by 9.8% to UAH 1 billion 545 million.

The major companies in the industry that provided data to Ukrpapir increased production of cardboard boxes by 18.5% to almost 335 million square meters during this period.

As reported, before Russia’s full-scale invasion of Ukraine, Rubizhne Pulp and Paper Mill together with TUK were the leading corrugated box producers in Ukraine.

After the destruction, the plant in Rubizhne shut down, and the legal entity Rubizhne CTC JSC was re-registered in Kyiv.

TUC 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.

State budget financing, % of GDP

State budget financing, % of GDP

Source: Open4Business.com.ua

“Ukrzaliznytsia” has increased container rail transportation by 58%

Rail container transportation in Ukraine in the first seven months of 2024 amounted to 160,268 thousand twenty-foot equivalent units (TEUs), which is 58% more than in the same period last year, said Valery Tkachev, Deputy Director of the Department of Transportation Technology and Commercial Work of Ukrzaliznytsia (UZ).
“This means that we have a record volume of transportation in seven months. It even surpassed the pre-war figures,” he said at a meeting of the export office on Wednesday.
In addition, the Liski Transport Service Center is going to start signing long-term contracts with cargo owners for the use of fitting platforms for a specific period of time and at a fixed price, which will depend on the volume of transportation, Ukrzaliznytsia reported.

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