Registrations of new commercial vehicles (trucks and special vehicles) in November 2024 increased by almost 6% compared to the same month in 2023 – up to 1089 thousand units, Ukravtoprom reported in its telegram channel.
According to the association, compared to October of this year, the demand for such cars increased slightly by 1% (or 7 cars).
The Renault brand confidently holds the market leadership with 233 units, while Citroen retained the second place with 143 cars registered. Mercedes-Benz moved to third place (from fourth in October) (100 units), followed by MAN (89 units) and Scania (59 units).
As reported, in November 2023, the top five leaders in the new commercial vehicle market were Renault (241 units), Peugeot (74 units), Ford (72 units), Mercedes-Benz (71 units) and MAN (67 units), and the overall market more than doubled to 1031 units compared to November 2022.
According to Ukravtoprom, in January-November of this year, more than 11.5 thousand new vehicles were added to the Ukrainian fleet of trucks and special vehicles, which is 14% more than in the same period in 2023.
As reported, in 2023, according to Ukravtoprom, registrations of new commercial vehicles in Ukraine increased by 65% compared to 2022 – up to 11.3 thousand units.
“Corum Druzhkovka Machine-Building Plant (Corum DrMZ), a part of Corum Group (DTEK Energy), plans to complete the delivery of the last batch of steel structures under a large order from DTEK Energy for the production of equipment for concentration plants in February 2025, the plant said on Facebook.
“In April-2024, the machine builders mastered the production of tanks, in June they added reloading devices, and in July the plant began working on the production of more than 500 units of metal structures of almost 100 varieties,” the statement said.
“Corum DrMZ clarifies that the largest parts in the order are 20 meters long and 2.2 meters wide, and their weight exceeds 4 tons. More than 400 tons of metal have already been used for manufacturing.
“There are high requirements for production, in particular in terms of welding seams and painting,” the plant notes.
“Corum DrMZ, which was relocated to Dnipro in 2022, according to the plant, produced 430 units of mining equipment in January-November this year, as well as more than 850 thousand units of components and spare parts.
In particular, in November, the company produced 5 units of shearers, more than 81 thousand components and spare parts, and repaired a KPD shearer. The products include trolleys, skip, cage, main ventilation fan, universal wheelsets, anchors, fire pipes and high-pressure hoses.
Corum Group is a leading mining equipment manufacturer in Ukraine. It is a part of DTEK Energy, an operating company responsible for coal mining and coal-fired power generation within Rinat Akhmetov’s DTEK energy holding.
In November, amid intensified hostile attacks on the country’s energy infrastructure, DTEK Grids’ distribution system operators managed to restore electricity to almost 1 million Ukrainian families whose homes were cut off due to shelling in Odesa, Dnipro, Donetsk and Kyiv regions.
“The enemy intensified shelling of the country’s energy infrastructure in November. Lines and equipment were destroyed by missiles or drones. Most of all, in Odesa region, which suffered devastating attacks,” the company said in a press release on Monday.
Last month, power engineers managed to restore electricity to the homes of 701.7 thousand families in Odesa region.
Over the same period, DTEK Grids restored electricity to 4.8 thousand families in Kyiv region whose homes were cut off as a result of another hostile attack. In November, enemy shelling also damaged power grids and equipment in the capital, and power engineers promptly restored power to 1.1 thousand homes of de-energized families.
“In the regions close to the hostilities, the power system also suffered from enemy artillery shelling and air strikes. In the last month of autumn, the enemy continued to attack Dnipropetrovska oblast, especially the south of the region,” the press release explains.
Over the past month, power engineers in Dnipropetrovs’k region have managed to restore electricity supply to 192.1 thousand families.
In Donetsk Oblast, which remains the scene of the most intense fighting, power engineers managed to restore electricity to 75.5 thousand households in November. The company’s specialists continue to restore power grids in the frontline region every day, as soon as the security situation and the military allow.
“Since the beginning of the full-scale war, we have already restored electricity to 16.1 million families in Kyiv, Odesa, Dnipro, Donetsk and the capital,” said Alina Bondarenko, CEO of DTEK Grids.
“DTEK Grids develops the electricity distribution and grid operation business in Kyiv, Kyiv, Dnipro, Donetsk and Odesa regions. The company’s DSOs serve 5.5 million households and 158 thousand enterprises.
The number of foreign tourists who visited Spain in October increased by 9.5% year-on-year to 8.96 million people, according to the national statistics office INE.
This is a record figure for October in the entire history of observations, that is, since 1995.
Most of the tourists came from the UK last month – 1.79 million (+4.8% compared to October 2023), followed by Germany (1.3 million, +14% yoy), and France (1.16 million, +16.7% yoy).
The number of visitors from other European countries increased by 14.7% to 817.28 thousand people.
In October, 7.49 million tourists arrived in Spain by air (+7.8% yoy), 1.19 million by road (+17.7%), 265.48 thousand by water (+30.7%), and 27.18 thousand by rail (-2.5%).
Catalonia received the largest number of tourists (20.4% of the total), followed by the Balearic Islands (17.8%) and Andalusia (15.3%).
Total expenditures by visitors to the country increased by 15.5% year-on-year to 11.9 billion euros, or an average of 1,327 thousand euros per person. Tourism accounts for 12-13% of Spanish GDP.
In January-October, tourist arrivals to Spain increased by 10.8% to approximately 82.9 million people.
State-owned Ukrgasbank (UGB, Kyiv) has provided a UAH 226.6 million loan to Silpo supermarket chain to purchase more than 60 diesel generators, according to a press release from the financial institution.
“Uninterrupted power supply to supermarkets will contribute to their stable operation and, most importantly, guarantee the country’s food security,” the press service quoted Tetyana Parchevska, Director of Corporate Banking and Transaction Business at Ukrgasbank, as saying.
The state-owned bank did not disclose the rate at which the financing was provided or its term, citing the terms of the agreement.
According to the National Bank of Ukraine, as of October 1 this year, Ukrgasbank ranked 30th (UAH 199.05 billion) among 62 banks operating in the country in terms of total assets. The financial institution’s net profit for the first nine months of this year amounted to UAH 4.67 billion, while in the same period last year it was UAH 2.92 billion.
Silpo-Food LLC was established in early August 2016. According to Opendatabot, the founder of the company is PJSC Closed Non-Diversified Venture Corporate Investment Fund Retail Capital (100%, Kyiv), with Volodymyr Kostelman as the ultimate beneficiary. The chain’s total revenue in 2023 amounted to UAH 84.73 billion, which is 21% higher than in 2022.
According to its website, Silpo has 306 supermarkets in 60 cities of Ukraine and four Le Silpo delicatessens in Kyiv, Dnipro, Kharkiv and Odesa.
Maksim Urakin, Founder of the Experts Club Information and Analytical Center, PhD in Economics, shared his observations on key indicators and risks for the Ukrainian and global economies as of November 2024.
Macroeconomic situation in Ukraine
According to Maksim Urakin, Ukraine’s economy continues to show slow growth.
“According to the National Bank, in October 2024, Ukraine’s GDP grew by 1.3% compared to October last year. This is worse than the September figures, but significantly better than the data for the summer months. However, there are negative trends in agriculture. This year’s harvest was significantly lower than last year’s, which hit the agricultural sector, one of the key drivers of the economy,” said Maksim Urakin.
The expert also pointed to a sharp deterioration in the foreign trade balance.
“The deficit of foreign trade in goods increased by almost 6% over the first nine months, reaching a frightening $20 billion. The main reasons for this were the growth of energy imports and the lack of labor at export-oriented enterprises,” Urakin added.
According to the expert, Ukraine’s national debt is also a cause for great concern.
“As of October 2024, the debt is already 6.4 trillion hryvnias, or about $155 billion. At the same time, international reserves have decreased by more than $2 billion and amount to $36 billion,” Urakin emphasized.
Global economy: challenges and prospects
At the global level, the key risks are associated with the growing debt burden.
“Global public debt already exceeds $100 trillion, which is 93% of global GDP. In the coming years, this figure will continue to grow, which puts additional pressure on the budgets of most countries,” Urakin said.
The economies of developed countries, according to the expert, show heterogeneous dynamics. The United States is showing steady growth, with its GDP increasing by almost 3% in the third quarter. At the same time, the eurozone economy is actually stagnating, and Germany has faced zero dynamics, the economist said.
At the same time, China continues to play a key role in the global economy. “In the third quarter, China’s GDP growth remained at 5%, but the pace slowed due to geopolitical tensions and internal problems, particularly in the construction sector,” said Maksim Urakin.
Looking to the future
Maksim Urakin expressed cautious optimism about the long-term prospects.
“The global economy is facing many challenges, including inflation, geopolitical conflicts and protectionism. However, despite all the difficulties, there are reasons to believe that growth will continue at least within moderate limits,” he concluded.
The expert also called for more active international coordination to overcome economic challenges.
“Stability requires joint efforts, and only through dialogue and cooperation will we be able to minimize risks,” summarized Maksim Urakin.
You can learn more about current trends in the global economy in the video on the Experts Club YouTube channel: https://www.youtube.com/watch?v=grE5wjPaItI
You can subscribe to the channel here: https://www.youtube.com/@ExpertsClub
