Business news from Ukraine

Business news from Ukraine

DAMAGE TO UKRAINE’S INFRASTRUCTURE FROM WAR ALREADY AMOUNTS TO $63 BILLION – KYIV SCHOOL OF ECONOMICS

As of March 24, 2022, the KSE Institute estimated damage to Ukraine’s infrastructure from the war in the country at $62.9 billion, or UAH 1.8 trillion, while its analysts increased the amount by $3.5 billion over the past week, according to a press release. release of the analytical division of the Kiev School of Economics KSE Institute.
“Compared to the data released on March 17, taking into account the new received more accurate data on damage (as a result of which certain items of losses were revised downward), the net increase (in damages) was $ 3.5 billion,” according to the KSE Institute. on Friday, citing data analysis from the Russia Will Pay project.
Analysts estimate that since the beginning of Russia’s full-scale invasion of Ukraine on February 24, the occupiers have damaged, destroyed or seized at least 4,431 residential buildings, 92 factories or businesses, 378 educational institutions, 138 healthcare facilities, eight civilian airports and 10 military airfields, seven TPP and HPP.
At the same time, over the course of a week, analysts received more detailed data from the Ministry of Infrastructure on the destruction of infrastructure facilities, on the basis of which, in a number of areas – railway infrastructure, bridges and bridge crossings, civil airports – the damage assessment was reduced.

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KAZAKHSTAN ESTIMATES DAMAGE FROM RIOTS AT $313 MLN

General damage, including the expenses to repair buildings and restore property damaged and destroyed as a result of the January events in Kazakhstan, has been estimated at 136.8 billion tenge ($313.6 million), the press service for the Kazakh Ministry of Industry and Infrastructure Development said on Saturday. “According to the estimates of the commission created at the president’s instruction, throughout the country, damage has reached 136.8 billion tenge, including not only expenses to repair buildings, but also to recover damaged property,” the press service said.
According to the ministry, the state body suffered damage of 54,6 billion tenge ($125.1 million) out of the aforementioned amount, and 1,923 businsses suffered damage of 82.2 billion tenge ($188.4 million).

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DAMAGE TO POLYETHYLENE SCREW CAPS PRODUCER PAK-EXPO LEASING DUE TO ATTEMPTED ILLEGAL SEIZURE AMOUNTS TO UAH 600,000

Damage to Pak-Expo Leasing LLC (Slavutych, Kyiv region), a plant for production of one-component polyethylene caps for PET bottles, from an attempted raider seizure amounted to UAH 600,000.
“More than 40 unknown masked persons at 17:30 on August 8 seized the production facilities of Pak-Expo Leasing and had been holding them until 24:00. After the intervention of law enforcement officers, the raiders left the premises,” director general of the company Valeriy Savchenko said at a press conference at Interfax-Ukraine.
The company reported that the leader of the illegal capture had been detained by the law enforcers.
According to lawyer of Pak-Expo Leasing Maksym Zavorotniuk, the “standard raider scheme – the alienation of property rights through the state registrar on fictitious documents” was launched in relation to the company.
“This happened on August 7-8, but we reacted quickly and noted the registration actions, thus renewing the property rights in the state register of rights to immovable property. A lawsuit has been filed with the Economic Court of Kyiv region on invalidating the documents on the basis of which the raider seizure took place,” the lawyer said.
The core business of Pak-Expo Leasing, operating in the Ukrainian market since 2004, is the production and sale of single-component polyethylene screw caps for carbonated and non-carbonated beverages, juices, and dairy products.
Since 2004, the company has invested EUR8 million in its development.

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