Business news from Ukraine

Business news from Ukraine

“Dneprometiz” received UAH 17.6 mln in profit

Dneprometiz PJSC (Dnipro) of Ukrainian businessman Serhiy Tihipko following the results of work in January-March this year received a net profit of UAH 17.581 million, while the company finished the same period of the last year with a net loss of UAH 8.645 million.
According to the interim report of the company, in the first quarter of 2023 net income increased by 54% up to UAH 683.802 mln.
At the same time, the undistributed profits of the company by the end of March 2023 amounted to UAH 257.664 mln.
As it was reported, Dneprometiz in 2022 decreased its net profit six times compared to the previous year – up to UAH 25.572 mln, net income increased by 1.1% – to UAH 2.474.397 mln.
“Dneprometiz produces metalware of low-carbon steel. The company has a capacity of 120 thnd mt of products per year.
According to the NDU for the fourth quarter of 2022, T.A.S. Overseas Investments Limited (Cyprus) holds 98.6578% shares of Dneprometiz.
The charter capital of Dneprometiz is UAH 83.480 mln and the par value of the shares is UAH 68.08.

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“Metinvest” paid more than UAH 2.5 bln in taxes to Ukrainian budgets

In January-March this year, the mining and metallurgical group Metinvest, including associated companies and joint ventures, paid more than UAH 2.5 billion in taxes and fees to the budgets of all levels in Ukraine.
According to the company’s press release on Wednesday, Rinat Akhmetov’s Metinvest remains the backbone of the country’s economy amid a full-scale Russian invasion of Ukraine.
In January-March this year, Metinvest’s Ukrainian enterprises paid about UAH 725 million in unified social contributions, more than UAH 649 million in personal income tax and about UAH 442 million in income tax.
Land rent – more than UAH 288 mln, subsoil use fee – about UAH 174 mln and ecological tax – almost UAH 136 mln, which are the most significant sources of the state and local budgets of Ukraine.
Director General of “Metinvest” Yuriy Ryzhenkov said that it is not in the tradition of Ukrainians to give up.
“Therefore, the enterprises of Metinvest continue to fill the treasury of Ukraine in extremely difficult military conditions, under the constant threat of enemy shelling. We hold the line on the economic direction, despite the loss of control over the Mariupol plants, the blockade of the ports and other negative factors for the industry. After all, we understand that business must work to win and then to rebuild Ukraine. All as one, because we have one country,” the top manager was quoted by the press service.
As it was reported, taking into account the associated companies and joint ventures, in 2022, Metinvest transferred 20.5 billion UAH of taxes and duties to the budgets of all levels in Ukraine.
“Metinvest is a vertically integrated group of mining and metallurgical companies. The enterprises of the group are mainly located in Donetsk, Luhansk, Zaporizhzhia and Dnipropetrovsk regions.
The major shareholders of the holding are SCM Group (71.24%) and Smart Holding (23.76%) that manage it jointly.
Metinvest Holding LLC is the management company of Metinvest Group.

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“Zaporizhkoks” increased blast furnace coke production by 48.7%

Zaporizhkoks PJSC, one of Ukraine’s largest producers of coke products, a part of Metinvest group, in January-April this year increased blast furnace coke production by 48.7% in comparison with the same period of the last year – up to 282.6 thousand tons from 190 thousand tons.
According to the company, in April-2023 it produced 71.3 thousand tons of blast-furnace coke, whereas in April-2022 it was 52.7 thousand tons (a 35.4% increase).
“The increase in production levels in April 2023 compared to the same period of the previous year is due to the withdrawal of production facilities from forced hot mothballing caused by full-scale military actions on the territory of Ukraine,” the press release explains.
As it was reported, in January-March 2023 “Zaporozhkoks” increased the production of blast-furnace coke by 74% in comparison with the same period last year – up to 211.3 thousand tons from 137.3 thousand tons, including 72.8 thousand tons in March, while in March 2022 – 4.1 thousand tons.
“Zaporizhkoks” in 2022 decreased the production of blast-furnace coke by 11.9% compared to 2021 – to 737.4 thousand tons, including 70.8 thousand tons of coke produced in December.
“Zaporizhkoks” produces about 10% of coke produced in Ukraine, owns a full technological cycle of processing of coke products. It also produces coke gas and pitch coke.
“Metinvest is a vertically integrated mining group of companies. Its major shareholders are SCM Group (71.24%) and Smart Holding (23.76%) that jointly manage the company.
Metinvest Holding LLC is the managing company of Metinvest group.

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WHO calls COVID an entrenched problem

The World Health Organization (WHO) has now classified the COVID-19 coronavirus as an entrenched health problem and intends to provide updated recommendations for combating it, the organization said in a press release.
“Director General Tedros Adhanom Gebreyesus has ruled that COVID-19 is now an entrenched and persistent public health problem. It is no longer a public health emergency of international significance,” the document states.
“It will convene the International Health Regulations Review Committee to advise on standing recommendations for a long-term response to COVID-19,” WHO said.
Gebreyesus will consult in light of WHO’s 2023-2025 plans for responding to COVID-19. These include measures for countries around the world to jointly monitor the spread of the coronavirus and protect populations from infection. WHO advises countries to adhere to this plan during the transition to updated coronavirus control methods.
The list of temporary recommendations includes preparing for future COVID-19 outbreaks, introducing coronavirus vaccination into lifelong immunization programs, gathering information from various surveillance data sources for a complete picture of the spread of the disease, ensuring access to treatment for COVID-19 and diagnostics for the disease. In addition, WHO advises continuing to lift travel restrictions and not requiring any evidence of vaccination.
At the same time, the WHO said, “member countries are currently negotiating an agreement on pandemic prevention, preparedness and control.” In particular, they are talking about amendments to the International Health Regulations. For example, Dr. Michael Ryan, director of the WHO Health Emergencies Program, commenting on the negotiations, said that there should never be a repeat of cases where patients could not even get to the emergency room.
Earlier Friday, Gebreyesus announced that the WHO no longer views the COVID-19 coronavirus as a global health threat. However, he clarified that this does not mean that the threat of the coronavirus is completely gone.
He added that during the three years of the pandemic, experts have recorded nearly 7 million deaths due to infection with the coronavirus.
“But we know that the number of deaths is actually several times higher – at least 20 million,” the WHO chief stressed.
According to the Worldometers statistics website, more than 687 million people worldwide were infected with the coronavirus during the pandemic, with more than 660 million COVID-19 cures recorded. The first place in the number of infections is occupied by the U.S. with more than 106.7 million, the second is India, where almost 45 million cases of infection with COVID-19 were identified, and the third is France with about 40 million cases.

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Odessa mayor Trukhanov released from jail on bail

Odessa Mayor Gennadiy Trukhanov, who was taken into custody as part of the investigation into the case of Odessa’s Krayn plant, has been released from a pre-detention center. A bail of 13.4 million UAH was paid for him, the Specialized Anti-Corruption Prosecutor’s Office (SAP) told the Interfax-Ukraine news agency.
“The mayor of Odessa came out of the detention center on a bail of 13.420 million UAH, determined earlier by the court as an alternative to arrest,” – said in the SAP.
At the same time, the prosecutor’s office did not specify who exactly paid the amount of bail.
As reported, on May 4, the mayor of Odessa Gennady Trukhanov was taken into custody as part of the investigation of the case of the Odessa plant “Kraiyan”
“The case of Odessa “Krayan” – the mayor of Odessa was taken into custody. Details later,” the SAP reported in its Telegram channel on Thursday.
Later, the prosecutor’s office specified: “On May 4, 2023, the panel of judges of the VAKS granted the request of the SAP prosecutor to change the measure of restraint of one of the defendants in the case of Odessa “Krayan” – the city head of Odessa.”
According to the SAP, given that the accused did not pay 30.866 million UAH bail determined by the court, the prosecutor applied to the court to change the measure of restraint from bail to detention with an alternative to bail.
“VAKS, having heard the arguments of the parties, partially satisfied the petition and applied to the accused a measure of restraint in the form of detention for 60 days with the alternative of paying 13.420 million UAH as bail. In execution of the court decision, the accused was taken into custody in the courtroom,” – stated in the message.
In the SAP reminded that the Odessa mayor and others are accused of misappropriation of budget funds in the amount of more than 92 million UAH as a result of the implementation of the scheme for the acquisition of municipal property of the administrative building of the former plant “Krayn” at twice the inflated price.

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Dobrobut will hold free consultations for World Melanoma Day on May 11

Dobrobut medical network will hold free “Skin Check” and “Melanoma Week at Dobrobut” events for World Melanoma Day, which will include medical consultations with dermatoscopy.
According to the nurse’s press release, the May 11 campaign will include a joint event with the Inspiration Family Foundation and Peremoga, “Check Your Moles. Awareness, not shade, will save from skin cancer,” in which Dobrobut dermatologists will hold free medical consultations with dermatoscopy for everyone by pre-registration. If necessary, which is determined by the doctor, with the support of our partner medical laboratory “DILA” in the medical centers of “Dobrobut” are also available for free tests “excisional biopsy” or “panch-biopsy” for a month from the date of consultation.
Also, during the event, Maria Kukushkina, a leading dermatologist and oncologic surgeon at Dobrobut, will give a lecture on “The Truth and Myths about Melanoma and Skin Cancers.
In addition, from May 22 to 29, as part of the Melanoma Week event at Dobrobut, similar services will be available to everyone at any of the Dobrobut medical centers.
“According to the WHO, about 57 thousand deaths from melanoma are registered in the world every year. Every year around 2.4 thousand new cases are diagnosed in Ukraine – one third of them are discovered during mass check-ups. Melanoma incidence has been increasing rapidly over the last decades, and accounts for up to 10% of all newly detected skin tumors. “Unfortunately, in times of war, many do not have access to diagnosis or neglect screenings, so experts predict an increase in the number of cases detected in the later stages of the disease in the coming years,” Dobrobut emphasized.
“Dobrobut” is one of the largest private medical networks in Ukraine. The network includes 17 medical centers in Kyiv and Kyiv region, emergency service, dentistry and pharmacies. Network medical centers provide services to children and adults in more than 75 medical fields. Annually experts of “Dobrobut” carry out more than 7000 operations. The network has over 2800 employees.
The network collaborates with a number of international charitable organizations such as Direct Relief International, Children of War Foundation, International Medical Corps and University of Miami Global Institute. According to the company, thanks to the work of Direct Relief International and the Dobrobut Foundation, wounded war veterans and people stranded by war are able to receive free care at the Dobrobut Treatment and Diagnostic Center.
According to the company, Dobrobut has become the first private medical network in Ukraine to receive funding from the U.S. federal government: with support from the U.S. International Development Finance Corporation (DFC), the company will build a modern physical rehabilitation center.

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