Business news from Ukraine

Business news from Ukraine

Ukraine increases steel production to 738 thousand tons

In May this year, Ukrainian steelmakers increased steel production to 738 thousand tons, up 26.5% year-on-year (583 thousand tons) and 3.2% month-on-month (April, when 715 thousand tons were produced).

At the same time, Ukraine ranked 20th in the ranking of 71 countries that are global producers of this product, compiled by the World Steel Association (Worldsteel).

According to Worldsteel, in May, steel production declined in most of the top ten countries, except for China, India, Turkey, and Iran, by May 2023.

The top ten steel producing countries in May are as follows: China (92.860 million tons, up 2.7% by May 2023), India (12.218 million tons, up 3.3%), Japan (7.168 million tons, down 6.3%), the United States (6.939 million tons, down 1.5%), and the Russian Federation (6.320 million tons, down 0.9%), South Korea (5.162 million tons, down 10.9%), Iran (3.253 million tons, up 2.1%), Turkey (3.213 million tons, up 11.6%), Germany (3.187 million tons, down 1.9%) and Brazil (2.584 million tons, down 7.4%).

In total, in May 2024, steel production increased by 1.5% compared to the same period in 2023 to 165.107 million tons.

In January-May 2014, the top ten steel producing countries were as follows: China (438.610 million tons, down 1.4% compared to January-May 2023), India (61.926 million tons, up 7.7%), Japan (35.674 million tons, down 2.3%), the United States (33.374 million tons, down 2.4%), and the Russian Federation (30.875 million tons, minus 2.5%), South Korea (26.382 million tons, down 6.3%), Germany (16.173 million tons, up 3.7%), Turkey (15.544 million tons, up 19.8%), Iran (14.035 million tons, up 9.1%) and Brazil (13.560 million tons, up 0.6%).

Overall, in 5 months of 2014, steel production decreased by 0.1% compared to the same period in 2023 to 793.211 million tons.

At the same time, Ukraine produced 3.139 million tons of steel in 5 months of 2014, up 31.2% compared to 2.392 million tons in the same period of 2023. The country ranks 21st in January-May.

As reported, in 2023, China produced 1 billion 19.080 million tons (at the level of the previous year), India (140.171 million tons, +11.8%), Japan (86.996 million tons, -2.5%), the United States (80.664 million tons, +0.2%), Russia (75.8 million tons, +5.6%), South Korea (66.676 million tons, +1.3%), Germany (35.438 million tons, -3.9%), Turkey (33.714 million tons, -4%), Brazil (31.869 million tons, -6.5%) and Iran (31.139 million tons, +1.8%).

In total, 71 countries produced 1 billion 849.734 million tons of steel in 2023, which is 0.1% less than in 2022.

At the same time, Ukraine produced 6.228 million tons of steel in 2023, which is 0.6% lower than in 2022. The country was ranked 22nd in 2023.

In 2022, the top ten steel producing countries were as follows: China (1.013 billion tons, -2.1%), India (124.720 million tons, +5.5%), Japan (89.235 million tons, -7.4%), the United States (80.715 million tons, -5.9%), the Russian Federation (71.5 million tons, -7.2%), South Korea (65, 865 million tons, -6.5%), Germany (36.849 million tons, -8.4%), Turkey (35.134 million tons, -12.9%), Brazil (33.972 million tons, -5.8%) and Iran (30.593 million tons, +8%).

Ukraine ranked 23rd in 2022 with 6.263 million tons of steel produced (-70.7%).

In total, 64 countries produced 1 billion 831.467 million tons of steel in 2022, which is 4.3% less than in 2021.

Ukrainian citizens have not clearly defined their attitude to India – research results

Active Group and Experts Club have conducted a joint study on the attitudes of Ukrainians towards the countries of East Asia and the Middle East. The study was presented at the Interfax-Ukraine news agency in June 2024. The research was presented by Maksym Urakin and Oleksandr Poznyi. The results of the study are as follows:

The results of the survey are as follows:
Completely positive – 5.7
Mostly positive – 28.5
Mostly negative – 24.6
Completely negative – 6.5
Difficult to answer – 34.7%.
Positive – Negative – 3.1

On January 17, 1992, diplomatic relations between Ukraine and India were established

The joint research by Active Group and Experts Club on the attitudes of Ukrainians towards the countries of East Asia and the Middle East was conducted in April-May 2024. It covers such countries as Turkey, Iran, Israel, Egypt, Jordan, Saudi Arabia, UAE, Afghanistan, Pakistan, Azerbaijan, Uzbekistan, Turkmenistan, Kyrgyzstan, Tajikistan, Kazakhstan, Georgia, Armenia, India, China, Republic of Korea, DPRK, Japan, Vietnam, Indonesia, Syria, and Iraq. Full information on the research is available on the website of the Club of Experts at

https://expertsclub.eu/cpilne-doslidzhennya-kompaniyi-active-group-ta-experts-club-shhodo-stavlennya-ukrayincziv-do-krayin-shidnoyi-aziyi-ta-blyzkogo-shodu/

Video – https://interfax.com.ua/news/video/993142.html

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Ukrainian hotel occupancy increased by 39% in Kyiv and 46% in Bukovel – Mishchenko

Ukrainian hotel occupancy in May 2024 increased in Kyiv and Bukovel, while it decreased in Lviv and Odesa, Olga Mishchenko, Project Manager of Hotel Matrix, told Interfax-Ukraine.

“The occupancy of Ukrainian hotels in the first quarter of 2024 increased compared to the same period last year in Kyiv to 39% (+86%), in Bukovel – to 46% (by 13%), decreased in Lviv to 49% (by 14%) and in Odesa – to 23% (- 8%). In Kyiv, there is a positive trend in all indicators – the average daily rate (ADR) increased by 40% to UAH 2689, RevPAR (revenue per available room per day) by 158% to UAH 1041,” she said during the Hospitality Connect conference.

According to Hotel Matrix data, the average daily rate (ADR) for this period also increased in Bukovel – UAH 4190 (+13%), in Lviv – UAH 2729 (+7.15%), and decreased in Odesa – UAH 2126 (-6%).

RevPAR (revenue per available room per day) in May 2014 in Bukovel amounted to 1941 UAH (+30%), in Lviv – 1338 UAH (-8%), in Odesa – 490 UAH (-14%).

According to Hotel Matrix, as of June 2024, there are about 4 thousand three- to five-star hotels in Ukraine with a total of 110 thousand rooms. The estimated market volume as of May 2024 for accommodation services is UAH 2 billion 364.6 million.

Hotel Matrix is a web-based hotel analytics product developed by experts from Poland and Ukraine. It was launched in May 2020. Today, more than 200 hotels in Ukraine, Poland and Kazakhstan are connected to Hotel Matrix.

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PJSC “Ukrnafta” signed a memorandum of cooperation with Deutsche Bank

PJSC Ukrnafta has signed a memorandum of cooperation with Deutsche Bank to attract financing for the construction of a gas-fired maneuverable generation facility, the company’s press service has reported.

In addition, the company signed a memorandum of understanding with Siemens Energy at the conference on Ukraine’s recovery held in Berlin. The agreement will help obtain expertise and develop new projects based on steam and gas turbines for combined heat and power generation.

“The most important issue now is to strengthen the Ukrainian energy system, which has been devastated by Russian attacks. Decentralization and increasing efficiency. “Ukrnafta has become part of this process. It is part of the company’s ESG strategy, particularly as an organic process of expanding the value chain. It is also important from the point of view of the company’s social responsibility,” said the company’s director Serhiy Koretskyi.

Earlier, Ukrnafta and Ukrhydroenergo said that EUR300m allocated by the European Bank for Reconstruction and Development (EBRD) to support Ukraine’s energy sector will be used to implement their projects to restore generating capacity by building new maneuverable generation.

As reported, Ukraine, with the help of partners, intends to build up to 1 GW of gas-fired maneuverable generation in 2024 and another 4 GW in the coming years.

“Ukrnafta” – the largest oil company in Ukraine, is the operator of the national network of gas stations of 537 stations, of which 456 are in operation. The company is implementing a comprehensive program to revitalize its operations and update the format of its network’s gas stations. Since February 2023, Ukrnafta has been issuing its own fuel coupons and NAFTACard, sold to legal entities and individuals through Ukrnafta-Postach LLC.

Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share stake. On November 5, 2022, the Supreme Commander-in-Chief of the Ukrainian Armed Forces decided to transfer to the state the share of corporate rights of the company owned by private owners, which is now managed by the Ministry of Defense.

Wind squalls up to 27 m/s in western regions of Ukraine

Ukrhydrometcenter warns that difficult weather conditions – rain, thunderstorms, in some areas hail and squalls – in the western regions of Ukraine will remain until the end of the current day.

“Until the end of the day on June 22 in the western regions of thunderstorms, in some areas hail and squalls 17-22 m / s; in Rivne, Lviv, Ternopil, Ivano-Frankivsk, Chernivtsi and Transcarpathian regions significant rain (І level of danger, yellow),” – stated in the message of the Ukrhydrometcenter on Saturday afternoon.

It is reported that in Rivne, Lviv, Ternopil, Ivano-Frankivsk regions in some areas squalls 25-27 m/s (II level of danger, orange).

Ukrainian citizens are divided in their attitude to Tajikistan – study

Active Group and Experts Club have conducted a joint study on the attitudes of Ukrainians towards the countries of East Asia and the Middle East. The research was presented at the Interfax-Ukraine news agency in June 2024. The research was presented by Maksym Urakin and Oleksandr Poznyi. The results of the study are as follows:

The results of the survey are as follows:
Completely positive – 5.3%.
Mostly positive – 24.4
Mostly negative – 21.8
Completely negative – 6.2
Difficult to answer – 42.3%.
Positive – Negative – 1.7

Diplomatic relations between Ukraine and the Republic of Tajikistan were established on April 24, 1992. Since December 2010, the Embassy of the Republic of Tajikistan in Ukraine has been operating with a residence in Kyiv.

A joint study by Active Group and Experts Club on the attitudes of Ukrainians towards East Asia and the Middle East was conducted in April-May 2024. It covers such countries as Turkey, Iran, Israel, Egypt, Jordan, Saudi Arabia, UAE, Afghanistan, Pakistan, Azerbaijan, Uzbekistan, Turkmenistan, Kyrgyzstan, Tajikistan, Kazakhstan, Georgia, Armenia, India, China, Republic of Korea, DPRK, Japan, Vietnam, Indonesia, Syria, and Iraq. Full information on the research is available on the website of the Club of Experts at

https://expertsclub.eu/rezultaty-spilnogo-socziologichnogo-doslidzhennya-provedenogo-experts-club-ta-kompaniyeyu-active-group-shhodo-stavlennya-ukrayincziv-do-krayin-blyzkogo-shodu-ta-czentralnoyi-aziyi/

Video – https://interfax.com.ua/news/video/986648.html

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