Business news from Ukraine

Business news from Ukraine

DTEK PAVLOHRADVUHILLIA PLANS TO INVEST ALMOST UAH 30 BLN IN PRODUCTION BY 2030

DTEK Pavlohradvuhillia plans to invest almost UAH 30 billion in production by 2030, which will ensure the production of 141 million tonnes of coal, according to a press release from DTEK Energy, citing a press conference by DTEK Pavlohradvuhillia CEO Serhiy Voronin in Pavlohrad (Dnipropetrovsk region) on March 11.
“Despite the decline in the generation of TPPs, we see clear prospects for the development and full-fledged operation of our enterprises as part of DTEK Energy, at least for the next 10 years. Until 2030, manoeuvring generation will remain the most important link in the Ukrainian energy system, and it needs our coal,” Voronin said.
According to him, the company will allocate UAH 30 billion of investments for the purchase and overhaul of mining equipment and for the implementation of projects to improve the culture of production and the level of safety.
Coal will be mined at six mines of the association, the remaining four will be closed due to exhaustion of reserves.
“We are concentrating coal production at six mines. Four mines will be closed due to the end of effective coal reserves, two this year, two in a few years. The closure of mines due to the completion of reserves is a natural process, since the term of any mine is not infinite,” the CEO said.
One of the priority tasks of DTEK Pavlohradvuhillia is the development of digitalization projects.

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UKRAINE INTERNATIONAL AIRLINES REFUNDS $2.5MLN TO PASSENGERS IN FEB FOR CANCELED FLIGHTS DUE TO COVID-19

In February 2021, Ukraine International Airlines (UIA) considered about 15,000 passenger requests for refunds for canceled flights in connection with COVID-19 and issued a refund in the amount of $2.5 million, the press service of the company said on Wednesday.
It is noted that in just 11 months during the pandemic from April 2020 to February 2021 inclusively, UIA returned more than $29 million to passengers.
In addition, the airline reminds that passengers of canceled flights also have options to choose from: free ticket reissuance; a promotional code for the amount of the cost of an unused ticket, valid for two years from the date of its issue.
“UIA once again emphasizes its readiness for dialogue with its passengers and sincerely hopes for understanding. The airline is doing everything possible to process every request as soon as possible,” the message says.

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UKRAINE CUTS EXPORTS OF TITANIUM ORES BY 40% IN JAN-FEB

Ukraine in January-February of this year reduced exports of titanium-containing ores and concentrate in quantity terms by 39.5% compared to the same period last year, to 74,694 tonnes.
According to statistics released by the State Customs Service on Tuesday, in monetary terms, exports of titanium-containing ores and concentrate decreased by 19.3%, to $22.109 million.
At the same time, main exports were carried out to China (35.97% of supplies in monetary terms), Turkey (23.48%) and the Czech Republic (12.07%).
During this period, Ukraine imported 100 tonnes of titanium-containing ores from Senegal in the amount of $89,000, while in January-February 2020 it imported from this country 146 tonnes of titanium-containing ores worth $102,000.

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DELTA STARTS CONSTRUCTION OF HEADQUARTERS OF ZEPPELIN IN UKRAINE

Delta Ukraine, part of the Austrian company Delta Holding, has begun construction of the headquarters of the German company Zeppelin in Vyshneve, Kyiv region.
According to the press service of Delta Ukraine, the facility will include an office part, a training center for its own mechanics and customers’ equipment operators, workshops for the repair of equipment and components, spare parts warehouses, areas for storage and demonstration of equipment and a customs-licensed warehouse.
“Work on the project began back in 2017. Then, through the joint efforts of Delta Ukraine and Delta Wels, a concept was developed and a budget was calculated in two months,” the company said.
Delta Ukraine is part of the Austrian company Delta Holding, founded in 1977 in Wels. It provides services for construction, design, construction management, general contracting, and green building certification. The company has subsidiaries in Austria, the Czech Republic, Slovakia and Ukraine.
Zeppelin GmbH is a German industrial concern, represented in 20 countries around the world in the field of dealership and production, the official exclusive dealer of U.S. Cat equipment in Ukraine.

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DMK INCREASES ROLLED PRODUCTS OUTPUT BY 3%

Dniprovsky Iron and Steel Works (DMK, Kamianske, Dnipropetrovsk region), part of the Industrial Union of Donbas (ISD) corporation, in January-February of this year, increased the production of general rolled products, according to recent data, by 3% compared to the same period last year, to 415,000 tonnes.
As the representative of the enterprise told Interfax-Ukraine, during this period the plant increased steel production by 4.5%, to 420,000 tonnes and kept the production of cast iron at the level of 375,000 tonnes.
In February, 195,000 tonnes of rolled products, 195,000 tonnes of steel, and 170,000 tonnes of cast iron were produced.
As reported, the plant in 2020 increased the production of general rolled products by 13.3% compared to the previous year, to 2.54 million tonnes, steel by 15.2%, to 2.56 million tonnes, cast iron by 19.2%, to 2.36 million tonnes, and agglomerate by 40.2%, to 4.06 million tonnes.
Dniprovsky Iron and Steel Works specializes in the production of cast iron, steel, rolled products and consumer goods.
The company is controlled by the ISD corporation which was founded in 1995. It is an integrated holding company that owns or manages stakes in mining and metals enterprises.

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PASSENGER TRAFFIC AND TICKET SALES RISE IN UKRAINE SINCE EARLY 2021

JSC Ukrzaliznytsia notes an increase in passenger traffic and ticket sales since the beginning of 2021 compared to the autumn-winter period of 2020.
According to chairman of the board Volodymyr Zhmak, in the first week of February 2021 the company carried 357,600 passengers, which is 40% more than in mid-December 2020, and the number of tickets sold increased by 9%, to almost 440,000.
“The trend has begun to change – we are increasing passenger traffic and ticket sales compared to the autumn months of 2020. Of course, we are far from the pre-COVID level, but we are moving in a positive trend. Thanks to what? Thanks to innovative approaches to the formation of new trains, the opening of new routes, optimization of traffic – we are reducing the time for trains on many routes,” Zhmak said.

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