Business news from Ukraine

Business news from Ukraine

Demand for potatoes is growing in Ukraine – EastFruit

Demand for food potatoes is growing rapidly in Ukraine, according to analysts of the EastFruit project. Market participants attribute the price increase to the high demand for potatoes from local wholesalers and retailers. At the same time, the excitement in this segment is fueled by rumors of a shortage of quality potatoes this season.

Thus, Ukrainian farmers are currently offering potatoes for sale at 12-18 UAH/kg ($0.29-0.44/kg), which is on average 16% more expensive than at the end of the previous working week.

According to the producers themselves, the growth in sales was also facilitated by the decline in potato production in the country. The abnormal drought this year in the main producing regions has led to a significant decline in potato yields. In addition, unfavorable weather conditions had a negative impact on the quality of potatoes.

It is worth noting that currently the wholesale price of potatoes in Ukraine is on average 2 times higher than in early September 2023. At the same time, many market participants do not expect the weakening of trading activity in this segment in the near future.

You can get more detailed information about the development of the potato and other fruit and vegetable market in Ukraine by subscribing to the operational analytical weekly – EastFruit Ukraine Weekly Pro. More information about the product is available here.

Source: https://east-fruit.com/novosti/ocherednoe-povyshenie-tsen-na-kartofel-v-ukraine/

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OTP BANK sold to customers government bonds from its own portfolio for almost UAH 600 mln in equivalent

JSC OTP BANK sold domestic government bonds (OVDP) from its own portfolio for UAH 573 million in equivalent to its individual customers through the OTP Bank UA application. This was reported by Valeria Ovcharuk, product owner of OTP Bank.

“The bank offers ample opportunities to purchase government securities and allows you to choose the optimal bond rate and maturity. You can buy government bonds in the app at any convenient time. This is an effective tool that allows not only to support the financial stability of Ukraine in times of war, but also to diversify your savings and receive additional income in both hryvnia and foreign currency,” said Ms. Ovcharuk.

The service is available in the OTP Bank UA application to all individuals who have opened a securities account in any branch of the Bank. The easy-to-use interface allows you to make a reliable and profitable investment in your future in just a few clicks, as the repayment of government bonds is 100% guaranteed by the state.

In total, since the beginning of 2024, OTP Bank’s individual clients have purchased government bonds for almost UAH 3.7 billion.
It should be reminded that the service of purchasing government bonds from its own portfolio in the OTP Bank UA application was launched at the end of May 2024. At the same time, the Bank allows its customers to buy bonds directly at auctions of the Ministry of Finance through the app.

To learn more about investing in domestic government bonds, please follow the link.

Superhumans prosthetics center to open in Dnipro

The Superhumans Center for Prosthetics and Rehabilitation will open in Dnipro on the basis of a reconstructed building of one of the city’s clinics, with a capacity to rehabilitate about 600 patients a year and employ at least 40 doctors.

According to the Ministry of Health on its website on Wednesday, after the renovation of the hospital building, the center will cover an area of about 2,000 square meters and will include a rehabilitation area, a prosthetics laboratory, and an inpatient department for complex cases.

As reported earlier, Superhumans Center announced plans to open centers in Odesa and Mykolaiv.

The first clinic of the Superhumans Center project was opened in April 2023 in Lviv on the basis of a local hospital. Earlier, the first stage of this center was opened – a prosthetic workshop and part of a rehabilitation center. It is planned to treat about 3 thousand patients annually.

Investments in the launch of the Superhumans rehabilitation medical center in Lviv are estimated at $54 million. Funds for the project are raised in Ukraine and abroad through fundraising.

The Superhumans clinic focuses on prosthetics for adults and children, surgical operations to reconstruct and restore disfigured body parts, including the face, and treatment of post-traumatic stress disorder.

A memorandum of cooperation was signed between Superhumans and the Ministry of Health. The project was initiated by Ukrainian businessman Andriy Stavnitser. Another founder of the project is Stavnitser’s business partner Philip Grushko.

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“Dneprovsky Iron and Steel Works” reduced rolled steel production by 54.6%

Dnipro Metallurgical Plant (DMZ), a part of DCH Steel of businessman Aleksandr Yaroslavsky’s DCH Group, cut rolled steel production by 54.6% year-on-year to 33.8 thousand tons in January-August this year.

According to information in DCH Steel’s corporate newspaper on Thursday, the company did not produce rolled metal products in August, but rolling shop No. 2 shipped 2.3 thousand tons of steel products to consumers. In August 2023, the company produced 4.4 thousand tons of rolled metal products.

“The August rolling campaign has been postponed to September due to a change in the delivery time of billets. The rollers are planning to start working on September 13, and it all depends on the pace of billets supply by the customer,” the company said in a statement.

At the same time, coke production in the first eight months of 2024 decreased by 2% to 194 thousand tons. In August, coke production decreased by 6.7% compared to the previous month to 24.4 thousand tons. In August 2023, 25.8 thousand tons of coke were produced.

As reported, in 2023, DMZ increased its rolled metal output by 86.2% compared to 2022, up to 105.6 thousand tons, and coke output by 38.5%, up to 292.7 thousand tons.

In 2022, the plant reduced rolled steel production by 74.2% compared to 2021, to 58.4 thousand tons, and coke production by 56.3%, to 211.3 thousand tons.

DMZ specializes in the production of steel, pig iron, rolled products and products made from them.

On March 1, 2018, DCH Group signed an agreement to buy Dnipro Metallurgical Plant from Evraz.

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Novoselovsky GOK to pay UAH 3.4 mln in dividends

PrJSC Novoselovsky Mining and Processing Plant (NGOK, Kharkiv region) will pay dividends to shareholders in the amount of 0.08 kopecks per share, totaling UAH 3.4 million.
According to the company’s announcement in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), on May 3, 2024, the annual general meeting of shareholders decided to allocate part of the net profit of 2023 in the amount of UAH 3.4 million to pay dividends to shareholders in cash.
“The amount of dividends per share is 0.08 kopecks (before taxes to be withheld and paid in accordance with the laws of Ukraine). On September 4, 2024, the company’s supervisory board decided that dividends based on the results of 2023 shall be paid in accordance with the decision of the general meeting held remotely by paying the entire amount of dividends in two parts through the depository system of Ukraine in accordance with the procedure established by law to shareholders included in the list of persons entitled to receive dividends as of September 19, 2024,” the company said in a statement.
At the same time, it was specified that the dividends will be paid between September 23 and October 25, 2024.
“Novoselovsky Mining and Processing Plant was established in 2000. It is engaged in the extraction of sand, gravel and clay.
According to NDU’s data for the second quarter of 2024, Silica Holding LLC (Ukraine) owns 94.8205% of the company.
The authorized capital is UAH 21.25 million.

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