Business news from Ukraine

Business news from Ukraine

World’s largest steel producers in 2024 from World Steel Association

Experts club presents the 2024 ranking of all steel-producing countries in the world. The ranking is compiled by the World Steel Association (Worldsteel), which updates data for all steel-producing countries on a monthly basis. Below is the production data in million tons, with percentage of production in 2023 in parentheses.

Global steel production continued to perform strongly in 2024, despite fluctuations in demand and the impact of economic factors. China remained the undisputed market leader, producing 1,005.1 million tons of steel, accounting for more than half of the global total. India, which took second place, continues to increase production, reaching 149.6 million tons, while Japan rounds out the top three with 84 million tons, followed by the United States and Russia.

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“Agro-Region” starts spring field work amid moisture deficit

Agro-Region agricultural holding has started spring field work, its press service reported on Facebook.

“All clusters have started working, in particular, we are leveling the main tillage method – ‘moisture closure’. Crops have resumed vegetation, we are monitoring their condition to further develop care measures and monitor for pests,” said Yuriy Lysak, chief agronomist of the agricultural holding.

He noted that over the past five years, there has been a lack of moisture reserves in the one-meter soil layer. The main reason is insufficient precipitation in the fall and winter.

“In particular, from September 1, 2024, to March 1, 2025, less than 200 mm fell, although in the best years 360-400 mm fell. The situation was similar in 2020 and 2022. This is not critical for the company, because we know how to act in such situations,” the expert summarized.

Agro-Region owns a land bank of 39 thou hectares in Kyiv, Chernihiv, Zhytomyr and Khmelnytsky regions. It specializes in crop production. It consists of 11 companies organized into four crop production clusters. It has two elevators – Boryspil elevator with a capacity of 73 thousand tons and Miropil elevator with a capacity of 52 thousand tons.

Agro-Region’s annual harvest of grains and oilseeds is 200 thousand tons.

In April 2021, the Swedish company Lobiu Sala AB, owned by former Minister of Economy of Ukraine Aivaras Abromavičius, received permission from the Antimonopoly Committee of Ukraine to buy the Swedish Agro Region Stockholm Holding, which manages the Agro-Region group of companies in Ukraine.

“Cherkasy Bus” reduced profits by 33% but increased assets

Cherkasy Bus JSC, according to preliminary data, ended 2024 with a net profit of UAH 122.08 million, which is 33% less than in 2023, according to the information on the agenda of the company’s general meeting of shareholders for the previous year.

According to the draft decision of the meeting scheduled for April 11, the shareholders intend to leave 95%, or UAH 115.98 million, of the profit at the disposal of the company, and 5% (UAH 6.1 million) to be allocated to the reserve fund.

As reported, based on the results of 2023, the shareholders of Cherkasy Bus also allocated net profit for development.

The meeting will, in particular, approve the planned profit target for 2025 in the amount of UAH 102.84 million.

According to Cherkasy Bus, as of the beginning of 2025, its retained earnings amounted to UAH 267.28 million (UAH 151.3 million a year earlier).

In 2024, the company’s assets increased by 40.6% compared to 2023 to UAH 1 billion 132 million, including total receivables, which decreased by 7.7% to UAH 315.7 million, while inventories increased by 74.5% to UAH 658.1 million.

The company increased its current liabilities by 51.4% to UAH 543 million and long-term liabilities by 17.3% to UAH 137.1 million.

Net profit per share of UAH 2 amounted to UAH 1.5, compared to UAH 2.24 a year earlier.

Founded in 1994, Cherkasy Bus produces small class Ataman buses (including school buses) and other wheeled vehicles based on Japanese Isuzu units.

According to Clarity-project, in 2024, the company increased its net income by 2.6% compared to 2023, to UAH 1 billion 771 million.

According to the NSSMC, as of the third quarter of 2024, Oleksandr Dorosh, head of the Isuzu-Ataman Ukraine business, owns almost 42.29% of the shares of Cherkasy Bus, three individuals, including longtime Chairman of the Board Vitaliy Raabe, own 7.9275% each, and two more – almost 5.4% and 8.25%.

The authorized capital of the company is UAH 162.97 million.

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Ukraine increased production of aquaculture products in 2024 by 22%

Ukraine increased the production of aquaculture products in 2024 by almost 22% – to 18,621 tonnes, Minister of Agrarian Policy and Food Vitaliy Koval reported on Facebook.

“Aquaculture is one of the important components of food security, which forms a stable supply of high-quality fish products to the Ukrainian market. Its development is another step within the framework of the Agrarian Ministry’s policy on import substitution. Our goal is to ensure that products purchased in Ukraine by state institutions are of Ukrainian production. This will strengthen the domestic market, ensure employment in this area and support national producers,” he wrote on Telegram.

The minister named Cherkasy (4,400 tonnes), Lviv (1,543 tonnes), Khmelnytsky (1,517 tonnes), Kirovohrad (1,456 tonnes) and Sumy (1,403 tonnes) regions as leaders in aquaculture production.

The main fish species grown in Ukraine are carp (8,896 tonnes), silver carp (4,434 tonnes), grass carp (637 tonnes), pike perch (1,854 tonnes), salmon (396 tonnes), catfish (273 tonnes), pike (211 tonnes), and sturgeons (72 tonnes). The production of edible caviar in Ukraine in 2024 amounted to 4,281 kg.

“Ukraine, with significant water resources and a favorable climate, has all the opportunities for further development of this industry to integrate into global trends. After all, today aquaculture provides the production of more than 50% of fish products in the world,” the minister of agricultural policy summarized.

Donald Trump Jr. arrives in Serbia: talks with Vucic are possible

The eldest son of former US President Donald Trump Jr. is visiting Belgrade, where he is expected to meet with Serbian President Aleksandar Vucic. This is his second visit in the last six months – the previous one took place in September 2024, during Donald Trump’s election campaign.

The official reasons for the trip have not yet been disclosed, but possible areas of talks include:

U.S.-Serbian relations – issues of bilateral cooperation and political dialogue.

Economy and investment – Trump Jr. holds the position of executive vice president of the Trump Organization, which may indicate potential business initiatives in Serbia.

Geopolitics – Belgrade remains a key player in the region, and the visit may be related to the US global strategic interests.

Trump Jr. is known for his continued support of his father’s policies, and his visit may be linked to future strategic decisions important to both Washington and Belgrade. Official statements are expected after the talks.

Source: https://t.me/relocationrs/577

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Crypto-futurist Ed Crassenstein denies Musk’s statement about cyberattack on X platform from Ukraine

The Dark Storm group has claimed responsibility for the DDOS attack on Platform X, network crypto-futurist Ed Crassenstein said on Platform X.

According to him, the Dark Storm group, upon his request, admitted its involvement in the DDOS attack on Elon Musk’s network.

“Elon Musk seems to be pointing a finger at the people of Ukraine, blaming them for today’s DDOS attack on X. Dark Storm directly claimed responsibility for the attack. They literally told me they did it. They are not in Ukraine,” Krassenstein wrote on X.

As reported, Elon Musk said that Ukraine was allegedly involved in a cyberattack on his social network X on Monday.

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