Business news from Ukraine

Business news from Ukraine

Exports of ferrous metals from Ukraine increased by 17% in 2024

In 2024, Ukraine’s metallurgical enterprises increased revenues from ferrous metal exports by 16.9% year-on-year to $3 billion 96.343 million.

According to statistics released by the State Customs Service (SCS), ferrous metals accounted for 7.42% of total export revenues in this period, compared to 7.32% in 2023.

In December, revenues from exports of ferrous metals amounted to $223.772 million, while in the previous month – $207.343 million.

At the same time, Ukraine increased imports of similar products by 13.1% to $1 billion 478.814 million last year. In December, the country imported products worth $108.227 million.

In addition, in 2024, Ukraine increased exports of metal products by 7.6% to $944.683 million. In December, they were exported for $73.676 million.

Imports of metal products increased by 14.9% to $1 billion 37.051 million during this period. In December, these products were imported for $76.205 million.

As reported earlier, in 2023, Ukraine’s steelmaking companies reduced revenues from exports of ferrous metals by 41.6% compared to 2022, to $2 billion 647.72 million, with ferrous metals accounting for 7.3% of total revenues from exports of goods in this period, compared to 10.3% in 2022. At the same time, in 2023, Ukraine increased imports of similar products by 37% to $1 billion 307.05 million.

In addition, in 2023, Ukraine decreased exports of metal products by 16.6% year-on-year to $877.92 million, while imports of metal products increased by 40.3% to $902.57 million.

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Ukraine increased rolled steel production by 16% in 2024

In 2024, Ukrainian metallurgical enterprises increased their production of total rolled products by 15.8% year-on-year to 6.222 million tons from 5.372 million tons, according to preliminary data.

According to Ukrmetallurgprom, steel production increased by 21.6% to 7.575 million tons and pig iron by 18.1% to 7.090 million tons during the period.

In December, the company produced 480.8 thousand tons of rolled products, 547 thousand tons of steel, and 565.4 thousand tons of pig iron, compared to 477 thousand tons of rolled products, 540.8 thousand tons of steel, and 542.9 thousand tons of pig iron in the previous month.

As reported, in 2023, Ukraine increased production of total rolled products by 0.4% compared to 2022 to 5.372 million tons, but reduced steel production by 0.6% to 6.228 million tons, and pig iron by 6.1% to 6.003 million tons.

In 2022, Ukraine reduced production of total rolled products by 72% compared to 2021, to 5.350 million tons, steel by 70.7% to 6.263 million tons, and pig iron by 69.8% to 6.391 million tons.

In 2021, the company produced 21.165 million tons of pig iron (103.6% compared to 2020), 21.366 million tons of steel (103.6%), and 19.079 million tons of rolled products (103.5%).

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“Express Insurance” increased payments by 55% in 2024

In 2024, Express Insurance (Kyiv) made payments in the amount of UAH 512.6 million, which is 54.8%, or UAH 181.6 million, higher than in 2023.

According to the insurer’s website, in particular, payments for hull insurance amounted to UAH 426.7 million (+47.9%), for MTPL – UAH 73 million (2.3 times more), payments under other insurance contracts – UAH 12.9 million (+15.8%).

As reported, in January-November 2024, Express Insurance collected insurance premiums in the amount of UAH 841.1 million, which is 29.1% more than in the same period in 2023.

According to the insurer’s website, the number of contracts concluded during this period is almost twice as high as in January-November 2023. In particular, the demand for hull insurance contracts increased by 16.7%, for MTPL – by 125.1%, and for other types of insurance – by 32.5%.

Express Insurance was founded in 2008 and is part of the UkrAVTO group of companies. It specializes in motor insurance. The consistently high speed of claims settlement in the IC is ensured by optimal interaction with partner service stations.

Since April 2012, Express Insurance has been an associate member of the Motor Transport Insurance Bureau of Ukraine.

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“Ukrgasvydobuvannya” paid UAH 22.3 bln of rent to budget in 2024

According to the results of 2024, JSC Ukrgasvydobuvannya paid UAH 22.28 billion in rent payments to the consolidated budget of the country.

According to the company’s website, 5% of this amount, or UAH 1.114 billion, went to the local and regional budgets in the regions where the company produces hydrocarbons.

As for the distribution of funds, Kharkiv region received UAH 580 million, Poltava region – UAH 441.3 million, Lviv region – UAH 45 million, Dnipropetrovs’k region – UAH 22.5 million, and others – UAH 25.2 million.

As reported earlier, in January-September 2024, Ukrgasvydobuvannya increased commercial gas production by 6.5% compared to the same period in 2023, up to 10.4 bcm, and liquid hydrocarbons by 26%, up to 372 thousand tons.

In 2023, the company produced 13.224 bcm of commercial gas, which is 0.679 bcm more than in 2022.

NJSC Naftogaz of Ukraine owns 100% of Ukrgasvydobuvannya shares.

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All main services of State Register portal have been restored

All major services of the Unified State Register of Legal Entities, Individual Entrepreneurs and Public Organizations (USR) portal have been restored, the Ministry of Justice of Ukraine has announced.

“All the main services of the USR portal have been restored after a large-scale cyberattack by the Russian Federation,” the Ministry said in a statement.

In particular, the following services are available on the portal again: free search for information in the registry; generation of extracts; obtaining the results of administrative services by access code; access of state bodies to information from the registry through access identifiers.

Earlier, on January 9, the Ministry of Justice reported that the Unified State Register of Legal Entities had resumed operation after a Russian cyberattack.

As reported, on December 19, the Ministry of Justice of Ukraine announced a large-scale failure at the level of the network infrastructure serving state registries.

Later, the Vice Prime Minister for European and Euro-Atlantic Integration and Minister of Justice of Ukraine Olha Stefanyshyna said that Russia had launched a cyberattack on state registries under the Ministry of Justice’s jurisdiction to disrupt critical infrastructure, and their work was temporarily suspended. She noted that the time for priority restoration would be approximately two weeks.

On December 20, Stefanyshyna said that all data in the registers would be restored, but it would take some time, and that no personal data leakage had been confirmed as a result of the Russian cyberattack on the network infrastructure of the Ministry of Justice that serves the state registers.

Land of botanical garden in Kyiv was transferred for residential development

The land of the Hryshko National Botanical Garden in Kyiv has been transferred for residential development despite a ban, the press service of the State Audit Service of Ukraine reported.

The release notes that during an audit of the implementation of budget programs by the National Academy of Sciences of Ukraine and its institutions, the State Audit Service found violations in the financial activities of the Hryshko National Botanical Garden.

Namely, contrary to a direct legal prohibition, the land plot of the National Botanical Garden at 1 Sadovo-Botanichna (Timiryazevska) Street in Kyiv became the subject of an investment agreement, which provided for the construction of residential and non-residential buildings, part of which was to be acquired by the botanical garden.

For the past six years, the developer has been unable to implement the agreement because of the special security regime for the territory of the National Botanical Garden. At the same time, the institution has received cash, services, and other goods (including tulip bulbs and soil) worth UAH 2.6 million from the investor.

The release emphasizes that the M.M. Hryshko National Botanical Garden is a part of the Nature Reserve Fund of Ukraine, is an object of comprehensive protection and belongs to the lands of natural, historical and cultural designation, which are protected as a national treasure. The Law “On the Nature Reserve Fund of Ukraine” (Article 16) prohibits any economic and other activities that contradict the purpose of the reserve, including the construction of structures not related to its functioning.

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