Business news from Ukraine

Business news from Ukraine

Ukraine increased exports of aluminum by 17% in January-July

According to customs statistics released by the State Customs Service of Ukraine, Ukrainian enterprises in January-July 2024 increased exports of aluminum and aluminum products by 16.8% compared to the comparable period a year earlier – to $64.382 million (in July – $10.207 million).
Exports of aluminum and aluminum products in 2023 increased 0.7% year-on-year to $97.616 million (July – $10.207 million),
Aluminum is widely used as a structural material. The main advantages of aluminum in this capacity are its lightness, pliability for stamping, corrosion resistance, high thermal conductivity, and the non-poisonous nature of its compounds. In particular, these properties have made aluminum extremely popular in the production of kitchen utensils, aluminum foil in the food industry, and for packaging. The first three properties have also made aluminum a major raw material in the aviation and aerospace industries (recently displaced by composites, primarily carbon fiber). After construction and production of packaging – aluminum cans and foil – the largest industry-consumer of the metal is the energy sector.

 

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Prices for construction and installation works in Ukraine in June increased by 8.4%

Prices for construction and installation works in Ukraine in June 2024 increased by 8.4% compared to June 2023, reported the State Statistics Service (Gosstat).

According to the State Statistics Service, in June 2024 to June 2023 prices increased in all segments of construction: in residential construction growth amounted to 8.9%, in non-residential – 9%, in engineering – 7.7%. Compared to May of this year, prices increased by 1%, 0.6% and 0.5% respectively.

At the end of the second quarter, prices for construction work rose by 8.1% year-on-year in April-June 2023, and at the end of the first half of the year – by 9.7% compared to the same period a year earlier.

As reported, in 2023, prices for construction works increased by 15.8% year-on-year.

The State Statistics Committee pointed out that the indicators are given without taking into account the temporarily occupied territories and part of the territories where there are (were) hostilities.

 

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Kiev records rapid increase in incidence of covid-19 disease

Increase in morbidity Covid-19 fixed in the Ukrainian capital in the present time, reported on the site of the Kiev city state administration (KGGA) on Wednesday.

As reported by the director of the Department of Health of the KSCA Valentina Ginzburg, in June in Kiev there were 199 laboratory-confirmed cases of coronavirus, in July – early August – 1 thousand 660, then in the second week of August, 1 thousand 283 people have already fallen ill, including 174 children.

The number of hospitalized people requiring artificial ventilation is also growing. However, in most cases, the disease runs without significant complications. “However, and in this lies its own dangers. Painful, not too suffering symptom, list them on fatigue, usual usmork, even on allergic reactions due to color ambrosia, for example. Therefore, he continues to live a socially active life, to work, and thus to spread Covid,” Ginzburg warned.

She urged to be conscious of your health and epidemic safety, use protective masks, hand antiseptics, avoid crowded places and contact with people with cold symptoms, keep your distance in crowded places.

“Be sure to stay home if you feel unwell. Once again, I remind you – even a headache, a slight runny nose, or a general feeling of discomfort can be symptoms of Covid. This applies to adults and children as well. Get tested. Seek medical advice. With such a responsible approach, you will not only protect yourself from complications of the disease, but also do not endanger people around you,” Ginzburg emphasized.

 

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Ukrainian enterprises in January-July increased imports of nickel by 2 times

Ukrainian enterprises in January-July this year increased imports of nickel and nickel products by 2 times compared to the same period of 2023 – up to $16.980 million (in July – $4.026 million).
Ukraine for 2023 decreased imports of nickel and products by 74.2% compared to 2022 – to $15.391 million.
Nickel is used in the production of stainless steel, for nickel plating. Nickel is also used in the production of batteries, in powder metallurgy and in chemical reagents.

 

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Fitch downgraded Ukraine’s credit rating to “Restricted Default”

Fitch downgraded Ukraine’s credit rating to “Restricted Default” from “C” on Tuesday, citing the expiration of the 2026 Eurobond repayment grace period, Reuters reported.
Ukraine defaulted on its bonds after a law came into effect allowing it to suspend foreign debt payments until October 1. Earlier this month, Ukraine began the process of getting bondholders’ consent to restructure $20 billion worth of international bonds.
Ukraine has been pushing hard since Russia’s invasion to restructure its wartime debt as part of efforts to regain access to international capital markets.
Fitch maintained Ukraine’s local currency (LC) debt rating at ‘CCC-‘ as it expects LC debt to be excluded from a restructuring deal with external commercial creditors.
Rating agency S&P Global also downgraded Ukraine to “selective” default from August 2.
Fitch does not usually assign outlooks to countries rated CCC+ or lower.

 

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Residential complex for warriors with disabilities is being built in Kyiv region

In the Kiev region they are completing the construction of an inclusive residential complex of 56 private houses for warriors with disabilities and their families, the head of the Kiev regional military administration Ruslan Kravchenko said.

“Handed 17 certificates for houses in the complex to veterans and their families. These are our heroes from the 3 assault brigade, 114 brigade TRO, 72 brigade im. Black Zaporozhtsy, 1 separate tank brigade. I had the honor on behalf of myself and all residents of Kyiv region to thank our military and the families of the fallen fighters for the fight against the Russian occupiers. Earlier 2 certificates were received by the GUR fighters”, – said the head of KOVA in Telegram.

It is reported that already at the end of August the military will receive the keys to the houses. Housing will be transferred to their ownership. Construction work is on the finish line. The houses will be repaired, kitchen furniture will be installed, bathrooms and bathrooms will be equipped.

It is reported that the large-scale project is financed by the charitable foundation of Andriy Zasukha and FC Kolos Kovalevka.

 

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