Business news from Ukraine

Weather forecasters predict comfortable weather in Kyiv and Ukraine in coming days

In Ukraine, the heat will drop slightly in the next few days – on Tuesday, August 22, the temperature will be 15-20° at night, 24-29° during the day, 27-32° in Zakarpattia, central and eastern regions; in the south of the country, 18-23° at night, 30-35° during the day, according to the Ukrainian Weather Center.

Forecasters predict that August 22 will be without precipitation, only in the Carpathians, in the Carpathian region and in the northeast of the country there will be short-term rains in some places during the day. The wind will be northwest, 5-10 m/s.

No precipitation is expected in Kyiv. Northwest wind, 5-10 m/s. The temperature at night will be 18-20°, during the day 27-29°.

According to the data of the Borys Sreznevsky Central Geophysical Observatory. On August 22, the highest daytime temperature was 36.6° in 2000, and the lowest nighttime temperature was 4.6° in 1914.

On Wednesday, August 23, it will be without precipitation, only in the Carpathian region there will be short-term rains and thunderstorms. West, northwest wind, 5-10 m / s.

Temperature at night will be 12-17°, during the day 24-29°, in Transcarpathia and Prykarpattia up to 31°; in the southern part of the country at night 16-21°, on the coast up to 23°, during the day 28-33°.

In Kyiv on August 23, there will be no precipitation. West, northwest wind, 5-10 m/s. Temperature at night 14-16°, during the day 26-28°.

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Truck traffic restrictions imposed in Kyiv

Restrictions have been imposed on the movement of trucks in Kyiv and at the entrance to the city, the Kyiv Patrol Police press service reported on Telegram on Sunday morning.

“The temporary traffic restriction applies to heavy vehicles with a total weight of more than 24 tons and an axle load of more than 7 tons and applies to both entry to Kyiv and movement around the city,” the statement said.

The police emphasized that the duration of the restriction may vary according to the temperature regime and urged to follow the latest information on their Telegram channel.

“We remind you that the main purpose of these measures is to preserve the road surface, which is being destroyed by heavy traffic of heavy vehicles in hot weather,” the special service said.

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Restrictions on movement of freight transport in Kyiv

Restrictions have been imposed on the movement of trucks in Kyiv, the press service of the Kyiv Patrol Police reports on its Telegram channel.

“Temporary traffic restrictions apply to heavy vehicles with a total weight of more than 24 tons, an axle load of more than 7 tons and apply to both entry to Kyiv and movement in the city. The duration of the restriction may vary depending on the temperature. So follow the latest information on our Telegram channel,” the statement said.

The police reminded that the main purpose of such measures is to preserve the road surface, which is destroyed due to the heavy traffic of heavy vehicles in hot weather.

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In June, hotel occupancy in Kyiv was highest since beginning of war – study

Ukraine’s hotel market has stabilized amid the war, with the highest activity in the west of the country and a slow recovery in Kyiv, according to a study by EY Ukraine.

“We can state that the market has stabilized in the new realities. Lviv, Bukovel and western Ukraine in general have very positive indicators, while Kyiv’s are quite low. In the capital, hotel occupancy is 15-25%, while before the war, the normal rate was 50-60%,” said Rostyslav Khoma, Head of Real Estate Advisory Services at EY Ukraine, at the conference “Analytics of the Ukrainian Real Estate Market: First Half of 2023”.

According to the company’s research, in Lviv and Bukovel, hotel occupancy in June 2023 was about 50-60%, while in Kyiv it was about 25%. At the same time, occupancy in the capital has shown moderate growth since January 2023, and June showed the highest occupancy rate in Kyiv since the start of the full-scale war.

“At the moment, we do not yet see any grounds for a sharp change in the level of loading in Kyiv given the current situation,” Khoma said.

In the first half of the year, the main income of hotels was directly from accommodation, while the food & beverage category and conference functions brought less money.

According to the expert, further recovery and development of the hotel market depends on the military and macroeconomic situation in the country.

“If the war ends quickly, there are more positive expectations due to the possible resumption of air travel, a potential increase in foreign tourists. However, it will take some time until tourists are convinced that it is safe to travel to Ukraine. In the event of a protracted war, however, the emphasis will have to be on domestic tourism. Given the restrictions on men traveling abroad, domestic tourism will be a key driver of demand in the medium and long term,” Khoma summarized.

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Kyiv Pasta Factory Launches Production of New Type of Pasta

Kyiv Macaroni Factory LLC has mastered the production of a new type of product – bows – using previously installed equipment that had been idle for a long time, said the company’s owner, Alexander Barsuk.

“One of the most complex elements of pasta is butterflies (bows). Kyiv Pasta Factory has mastered the production of this product. This is not new equipment, although it is from a well-known European manufacturer. Previously, it refused to work, and everything was somehow wrong. They also blamed the flour. But we found better flour and set up production. The first batches already have a guaranteed order,” he wrote on Facebook.

According to the owner of the company, the new product will be packaged in 800-gram packages.

Answering customers’ questions about why the product is not packaged in kilogram packages, he explained that all packs on supermarket shelves should be the same size. The type of pasta – bows – is bulky and does not fit in a standard pack.

Mr. Borsuk added that the company is working on new types of pasta, which it will soon introduce to customers.

According to the website of the Kyiv Pasta Factory, which is part of the Yaroslav Group (Kyiv), it is the largest pasta company in Ukraine. Its products are supplied throughout the country and to neighboring countries.

In 2022, Kyivska Macaroni Factory LLC reduced its net loss to UAH 4.576 million from UAH 8.19 million a year earlier, and its revenue to UAH 103.244 million from UAH 116.906 million.

According to Yaroslav’s website, its production facilities include Yaroslav PE (Kyiv), Promin Factory (Dymer, Kyiv region), Boguslav Clothing Factory (Kyiv region), Steblivska Cotton Spinning and Weaving Factory (Cherkasy region), and Krolevets Clothing Factory (Sumy region).

The main specialization is the production of bed linen, rugs, blankets, mattresses, goods for children, and kitchen textiles.

Yaroslav’s director and owner, Oleksandr Borsuk, previously reported that he annually invests about $1 million in equipment and modernization of production facilities.

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Kyiv Confectionery Factory Roshen to increase its authorized capital by UAH 0.5 bln

PrJSC Kyiv Confectionery Factory Roshen, a part of Roshen Corporation, intends to increase its authorized capital by 33.2%, or UAH 500 million, to UAH 2.006 billion through an additional share issue.
According to the company’s announcement in the NSSMC’s information disclosure system, the investor will be its subsidiary Confectionery Corporation Roshen, which already owned 96.9017% of the shares at the end of the first quarter of this year.
Taking into account the additional issue, the share of the majority shareholder may reach 97.674%.
It is specified that the shareholders’ meeting will consider the issue of increasing the authorized capital on August 16 this year, in particular, the non-use of the shareholders’ preemptive right to purchase shares of the additional issue and its implementation in one stage.
In total, it is planned to issue 2 billion ordinary registered shares with a par value of UAH 0.25, with the sale price to be determined by the Supervisory Board.
Roshen Corporation is one of the top 30 largest confectionery manufacturers in the world. It includes Kyiv, Kremenchuk, two Vinnytsia confectionery factories and Vinnytsia Dairy Plant, a biscuit complex in Boryspil (Ukraine); Klaipeda Confectionery Factory (Lithuania) and Bonbonetti Choco factory (Hungary). Production activities at the Lipetsk factory (Russia) have been suspended since April 1, 2017.
The corporation produces about 320 types of confectionery products. The total production volume reaches 450 thousand tons of products per year.
Roshen’s network of branded stores in Ukraine includes about 70 stores in different regions of the country. The first one was opened in 2009 in Kyiv.
In 2022, PrJSC Kyiv Confectionery Factory Roshen posted a net loss of UAH 984 thousand compared to UAH 25.779 million in profit a year earlier, while the company’s revenue decreased from UAH 979.286 million to UAH 903.195 million.
The ultimate beneficiary of the company is Oleksiy Poroshenko, the son of former President of Ukraine Petro Poroshenko.

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