Is it possible that the Khlib Kyeva Company will really stop their bread production? According to both of the company directors of the Khilb Kyeva Company there is a real threat that the termination of the bread supplies will happen.
Because of the bread prices in Kyiv being regulated, the production of the bread has become unprofitable and even cause high losses of over UAH 100million between the months of January and June for the Kyivmlyn and Kyivkhilb Enterprises.
The lack of compensation of UAH 75 million for the months of January to June from the Kyvi City State Administration has caused a great deal of distress for Mazuryka.
In 2007 and 2008, Kyivkhlib addressed the city state administration several times to request and increase on the current bread prices to help the company continue to profit and be able to continue their manufacturing of the bread.
He said that “Ukrainskyi” bread price need to be increased to UAH 3.16 instead of the current price of UAH 1.64; “Bilyi” bread needs to increase to UAH 2.68 instead of the current price of UAH 1.68; and “Nyva” long loaf needs to increase to UAH 2.3 instead of the current price of UAH 1.4.
Kyivkhlib which is the Ukraine’s largest producer and manufacture of bread and many bakery products, ended the year of 2007 with a large loss of UAH 16.626 million. So is it possible that the bread manufacturing will cease? Only time will tell.
Tags: bakery products, Bread, bread prices, bread production, company, company directors, price, production, state administration, uah, ukraine
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