Central Mining and Processing Plant (Central GOK, Kryvy Rih, Dnipropetrovsk region), a member of Metinvest Group, in January-October of this year, according to recent data, reduced the production of pellets by 2% compared to the same period last year – up to 1.86 million tonnes.
As the Interfax-Ukraine agency was informed in the company, 76,000 tonnes of pellets were produced in October, while in September – 202,500 tonnes.
For the ten months of 2020, the production of iron ore concentrate increased by 10.3% compared to the same period in 2019, up to 4.079 million tonnes, including 443,970 tonnes produced in October (in September – 399,520 tonnes).
“The reason for the decrease in production of pellets in October compared to the previous month is the autumn repairs at the pelletizing plant – the work was carried out for 21 days,” the company reported.
As reported, Central GOK in 2019 increased the production of pellets by 4.3% compared to the previous year, to 2.402 million tonnes, iron ore concentrate, by 0.5%, to 4.436 million tonnes.
Central GOK is one of the five largest producers of mining raw materials in Ukraine. It specializes in extraction and production of iron ore raw materials – concentrate with an iron content of 65% and 68.2%, as well as pellets with an iron content of 63.9%
ICU Investment Group has improved its forecast for the fall of Ukraine’s gross domestic product (GDP) to 5% from 5.7%, head of the group’s macroeconomic research department Serhiy Nikolaichuk has said.
“In total, the economy will contract by about 5% in 2020 (compared to 5.7% in our September forecast). This will lead to a decrease in GDP below the level of 2018, but compared to most other countries, the Ukrainian economy will demonstrate better dynamics,” he wrote on Facebook.
According to the investment group, GDP growth in Ukraine in the fourth quarter of this year and in the first quarter of the next (to the previous quarters) will be “slow and rather shaky.”
“However, the pace will still be positive,” the expert specified.
He also noted that the impetus from the “opening of the economy” after tough quarantine restrictions, which affected the decline in GDP fall in the previous quarters, has exhausted, so further growth will require other drivers.
“The new outbreak of COVID-19 continues to gain momentum, indicating that the recently introduced weekend quarantine could be replaced with tougher measures across the country,” Nikolaichuk added.
At the same time, he noted that against the background of the return of income to the “pre-epidemic trajectory,” active growth of private consumption continues, and the weakness of private investment is compensated by the ongoing projects of Big Construction.
Nikolaichuk added that ICU expects a significant fiscal impulse for the economy at the end of 2020, despite the fact that it will be lower than provided for in the law on the national budget.
The Antimonopoly Committee of Ukraine (AMCU) has permitted the Dragon Capital investment company to acquire over 50% of the shares of Treeum Holdings Limited, the owner of the Finance.ua and Minfin.com.ua publications, as well as Finline, Bank Online and Multi.ua.
“Permission is granted to Dragon Capital Investments Limited (Nicosia, Cyprus) to acquire shares of Treeum Holdings Limited (Larnaca, Cyprus), which grants that 50% of the votes in the company’s management body are exceeded,” the committee said on its website on Monday.
According to the information on the holding’s website, Treeum is a Ukrainian online platform that compares and sells financial products, supports an online currency exchange platform, reliable ratings and statistics, as well as news, comments and professional analytics.
The revenue of Finance.ua in 2019 amounted to about UAH 17.8 million, net profit – about UAH 0.5 million, that of Minfinmedia – UAH 36.9 million and almost UAH 1 million, respectively, Banking Class – UAH 10.9 million and UAH 0.1 million.
Multi.ua and Finline last year saw revenues of UAH 6.6 million and UAH 1.3 million, respectively, and a net loss of UAH 0.7 million and UAH 2.3 million.
According to the public register, Ksenia Vaisman, a Russian citizen living near Kyiv, is indicated as the beneficiary of Treeum Holdings Limited.
This year, USAID Financial Sector Transformation Project (FST) financed the launch of the LIGA.Money platform by LigaBusinessInform Investment Agency. According to the agency, NV and Finclub also participated in the competition, while the companies of Treeum Holdings were not admitted to it.
Dragon Capital is one of the largest investment companies in Ukraine. It works in the field of direct investment and financial services, provides a full range of investment banking and brokerage services to corporate and private clients. The ultimate beneficiary of Dragon Capital in the public register is a Czech citizen, President of the European Business Association Tomas Fiala.
Fiala is the owner of the NV media holding, which includes the eponymous magazine, portal and radio.
The Antimonopoly Committee of Ukraine (AMCU) at a meeting on Monday allowed a nonresident individual to acquire over 50% of the shares of BTA Bank (Kyiv).
“Permission is granted to an individual – a citizen of the Republic of Belarus to purchase shares of JSC BTA Bank, which grants that 50% of the votes in the management body of the company are exceeded,” the committee said on its website on Monday.
BTA Bank was founded in 1992. According to the National Bank of Ukraine (NBU), at the beginning of 2020, Kenes Rakishev was a shareholder of the bank, who indirectly owned 100% of the bank’s charter capital.
According to the NBU, as of October 1, 2020, BTA Bank ranked 71st in terms of assets (UAH 385.612 million) among 74 operating banks.
Income from domestic cargo transportation of JSC Ukrzaliznytsia in October 2020 increased by 3.2% against October 2019, up to UAH 2.2 billion.
According to the press service of the company on Monday, in September, income from domestic cargo transportation was 6% higher (compared to September 2019) and amounted to UAH 2.1 billion.
According to Ukrzaliznytsia, such indicators became possible due to organized route departures, improved operational efficiency, improved dispatching, and elimination of the locomotive shortage by extending the service legs.
It is reported that the largest increase in income in September-October was recorded in transportation of mineral construction materials, ferrous metals, iron ore and grain cargo. In addition, the positive dynamics of income was shown by transit freight rail transportation, amounting to 19.5% and 5.9%, respectively. In monetary terms, income from transit traffic amounted to UAH 635.6 million in September, and UAH 523 million in October.
Income from domestic cargo transportation of JSC Ukrzaliznytsia in October 2020 increased by 3.2% against October 2019, up to UAH 2.2 billion.
According to the press service of the company on Monday, in September, income from domestic cargo transportation was 6% higher (compared to September 2019) and amounted to UAH 2.1 billion.
According to Ukrzaliznytsia, such indicators became possible due to organized route departures, improved operational efficiency, improved dispatching, and elimination of the locomotive shortage by extending the service legs.
It is reported that the largest increase in income in September-October was recorded in transportation of mineral construction materials, ferrous metals, iron ore and grain cargo. In addition, the positive dynamics of income was shown by transit freight rail transportation, amounting to 19.5% and 5.9%, respectively. In monetary terms, income from transit traffic amounted to UAH 635.6 million in September, and UAH 523 million in October.
As reported, from November 1 to November 19, Ukrzaliznytsia loaded more than 15 million tonnes of cargo, which is 6.2% more than in the corresponding period last year.As reported, from November 1 to November 19, Ukrzaliznytsia loaded more than 15 million tonnes of cargo, which is 6.2% more than in the corresponding period last year.
The free trade area (FTA) between Ukraine and Israel will take effect on January 1, 2021, Ukrainian President Volodymyr Zelensky has said.
“This is a new level of relations between the countries and the ‘green light’ to the growth of Ukraine’s exports, closer cooperation in the fields of high-tech, engineering, investment. Great news, Benjamin Netanyahu [Prime Minister of Israel],” he wrote on his Twitter on Tuesday.
