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6.9M, including wages and salaries of UAH 1.8M. "The Rivnetorf buyer must repay wage debts and budget debts within six months. Also, workers cannot be dismissed on the new owner's initiative during this period. After almost 60 years of operation, Rivnetorf's equipment has worn out and needs to be replaced and modernized. Since 2012, no investments have been made in development," the fund added.
The State Property Fund will auction a chemical plant in Kamianske. The State Property Fund (SPFU) has put the JSC Smola Chemical Plant in Kamianske up for privatization with a starting price of UAH 190.3M ($5.2M). According to the SPFU, the auction will be held on July 26, and this is the most expensive lot since the restoration of small-scale privatization. The plant was established in 1998 based on the production facilities of the Prydniprovsk Chemical Plant's workshop. The enterprise's main activity is the production of plastics in primary forms, particularly ion exchange resins. The product sales volume for 2020 through the first quarter 2023 was UAH 196.4M. The company's net loss for the same period is UAH 98.9M. Over years of inefficient work the company accumulated UAH 112M in debts to employees and the state budget, which the future investor must repay.
6.2 Debt
Ukraine's national debt increased by $3.2bn in June. The state's and state-guaranteed debt of Ukraine as of July 1 amounted to $128.8B, increasing in June by $3.2B, reported the Ministry of Finance.
According to the latest estimates, Ukraine's state and state-guaranteed debt amounted to UAH 4.71T, or $128.81B, including:
● State and state-guaranteed external debt – UAH 3.184T (67.60% of the total state and state-guaranteed debt), or $87.08B
● State and state-guaranteed domestic debt – UAH 1.526T (32.40%), or $41.74B
During June 2023, the amount of Ukraine's state and state-guaranteed debt increased in hryvnia equivalent by UAH 116.93B and in dollar equivalent by $3.2B
39 UKRAINE Country Report August 2023 www.intellinews.com