Business news from Ukraine

Business news from Ukraine

Farmers in frontline regions will be provided with corn seeds free of charge – Ministry of Agrarian Policy

The Ministry of Agrarian Policy and Food, together with the international company Bayer and the All-Ukrainian Association of Communities, has launched a seed program that will provide free corn seeds for the spring sowing season to farmers in Donetsk, Zaporizhzhia, Sumy, Kharkiv and Chernihiv regions (excluding the temporarily occupied territories).

“This initiative is another step towards strengthening Ukraine’s food security in times of war, as it will allow farmers from the frontline and de-occupied territories to sow approximately 10 thousand hectares and harvest approximately 120 thousand tons of grain,” the Ministry of Agrarian Policy emphasized.

According to the ministry, to receive assistance, a farm must be registered in the State Agrarian Register (SAR) and cultivate from 5 hectares to 500 hectares in the specified areas.

Applications will be accepted from April 21 to April 30 or until the amount of assistance is exhausted. Each approved applicant will be able to receive up to 25 sowing units of corn seeds (1 sowing unit per 1 ha) depending on the area of land under cultivation. Seed distribution will begin in early May and will last approximately two weeks.

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“Naftogaz” has contracted 1.5 bln cubic meters of gas and plans to import more than 2 bln more

Naftogaz Group has contracted 1.5 billion cubic meters of gas since the beginning of the year: 800 million cubic meters were urgently imported at the beginning of the year, 400 million cubic meters will be delivered to Ukraine in preparation for the next winter, and another 300 million cubic meters of LNG were purchased by Naftogaz from Polish ORLEN.

“During the first quarter, Naftogaz managed to attract about EUR 430 million from the European Bank for Reconstruction and Development (EBRD) and the Government of the Kingdom of Norway, which will soon be used to purchase 1 billion cubic meters of imported natural gas,” said Roman Chumak, acting Chairman of the Board of Naftogaz of Ukraine. Roman Chumak, quoted by the group’s press service in a message on the Telegram channel.

According to him, the company is also negotiating with the government and international financial institutions to raise funding in the amount of EUR 1 billion to purchase more than 2 billion cubic meters of gas.

As reported with reference to the former head of the Ukrainian Gas Transmission System Operator (GTSOU), Serhiy Makohon, Ukraine, given its own production volumes, needs to import 5.5-6.3 bcm of gas by the start of the heating season on November 1, 2025, which will require approximately $2.5-3 billion. According to his estimates, by the beginning of the next heating season, it is necessary to have at least 9 bcm of reserves in the UGS facilities (without buffer gas), as this year’s experience has shown that starting the season with lower reserves is extremely risky.

In his turn, Dmytro Abramovich, a member of the Board and Commercial Director of Naftogaz Group, said in late March that Ukraine needs to import 4.5-4.6 billion cubic meters of natural gas by November 1 this year.

According to Makohon, the guaranteed capacity for gas imports is approximately 50 million cubic meters per day, so it will take three months to import 4.6 billion cubic meters of gas, and 5.6-6.3 billion cubic meters in 4 months, and this is at 100% utilization, which is commercially difficult to achieve.

Thus, he believes that in order to import the necessary volumes by November 1, it is necessary to start importing significant volumes of gas in May.

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Scrap collectors increased exports of scrap metal by third – UVTORMET

In January-March of this year, ferrous scrap enterprises increased exports of strategic raw materials for steelmaking companies by 32% year-on-year to 80.8 thousand tons.

According to the Ukrainian Association of Secondary Metals (UAVtormet), scrap collectors increased scrap supplies to Ukrainian steelmakers by 16.4% to 401 thousand tons in the period under review, up from 1Q2024.

Technological reserves of ferrous scrap at the enterprises were estimated at 20-25 thousand tons at the end of the first quarter. At the same time, the estimated technological needs of metallurgists for this raw material, according to the Association, are fully met, with an excess of 2.5-7.5%.

In January-March, the volume of ferrous scrap procurement increased by 18.5% to 505.9 thousand tons. According to UVTORMET, this trend is due to the high business activity of metallurgical and foundry enterprises, as well as the active export activities of Ukrainian scrap companies.

“In January-March 2025, there was a further increase in imports of ferrous metals to Ukraine, which amounted to 26.9% (about 336.4 thousand tons of steel products were imported). The main commodity items were coated flat products (≈ 32.9%), hot-rolled flat products (≈ 29.4%) and cold-rolled flat products (≈ 9.8%). The main volumes of steel products were imported from Turkey, Poland and China,” the report states.

Imports of scrap in Q1-2025 amounted to 0.03 thousand tons, in Q1-2024 – 0.25 thousand tons.
In addition, it is stated that steel production in the first quarter of this year amounted to 1.73 million tons, which is 2.7% more than in the same period last year.

As reported, scrap collectors increased scrap exports by 60.6% in 2024 compared to 2023, to 293.1 thousand tons (in 2023, exports amounted to 182.5 thousand tons, in 2022 – 53.6 thousand tons). Last year, they increased scrap supplies to Ukrainian steelmakers by 29.8% year-on-year to 1.343 million tons. Last year, the volume of ferrous scrap procurement increased by 37% to 1.749 million tons. Scrap imports amounted to 1.2 thousand tons in 2024 and 1.1 thousand tons in 2023.

Last year, steel production totaled 7.575 million tons, up 21.6% year-on-year.

According to the forecast, Ukraine will produce 6.5-6.8 million tons of steel in 2025 (6.228 million tons in 2023 and 6.263 million tons in 2022) and 1.450-1.650 million tons of scrap metal (1,277.3 thousand tons in 2023 and 996.7 thousand tons in 2022). Steelmakers are also expected to consume 1.1-1.2 million tons of scrap (1 million 34.7 thousand tons in 2023 and 895.7 thousand tons in 2022), export 300-350 thousand tons of scrap (182.5 thousand tons in 2023 and 53.6 thousand tons in 2022), increasing the export of strategic raw materials for steelmakers. Scrap imports are expected to reach 1.5-3 thousand tons.

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Pope has died

The head of the Catholic Church, Pope Francis, who has been heading the Holy See since 2013, died on Monday morning, the Vatican press service reports on Facebook.

“It is with deep sadness that I must announce the death of our Holy Father Francis. At 7:35 a.m. today, Bishop Francis of Rome returned to the Father’s house,” said Cardinal Kevin Farrell, the Holy Roman Church’s chamberlain.

Beer production increased by 7%

Beer production in Ukraine in January-March 2025 amounted to 29 million dal, up 6.9% year-on-year, according to the website of the industry organization Ukrpyvo.

“The expert estimate of beer production in Ukraine (except for non-alcoholic beer with an alcohol content of up to 0.5 vol%) for the first three months of 2025 is 29 million dal, which is 106.9% compared to the same period in 2024. At the same time, this figure is only 85% of the production volume for the first three months of 2021,” the statement said.

As reported, beer production in Ukraine in 2024 increased by 4.8% to 140 million dal compared to the previous year, in 2023 it was 7.8% higher than in 2022. At the same time, in 2022, beer production fell by 27.9% compared to 2021 – to 122.8 million dal.

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