Business news from Ukraine

Business news from Ukraine

Ukraine reduced export of coke and semi-coke by 98%

Ukraine in January-November this year, exports of coke and semi-coke in physical terms decreased by 98% compared to the same period last year to 3,856 thousand tons.
According to statistics released by the State Customs Service (SCS), in monetary terms, exports of coke and semi-coke during this period fell by 97.6% to $1.011 million.
Ukraine imported 340,451 thousand tons of coke and semi-coke in January-November 2022, down 50.4% from January-November 2021. In monetary terms, imports fell by 42.1% to $168.885 million.
As reported, Ukraine in 2021 increased the export of coke and semi-coke in volume terms by 3.3 times compared to 2020 – up to 194.535 thousand tons. In monetary terms, export of coke and semi-coke during this period rose in 4.8 times – up to $ 41.838 million. The main exports were carried out in Kazakhstan (29.03% in monetary terms), Turkey (20.06%) and Algeria (15.77%).
Ukraine imported 789.903 thousand tons of coke and semi-coke last year, which is 2.1 times more than in 2020. In monetary terms, imports increased 4.3 times – up to $351.238 million. Imports were carried out mainly from Russia (65.48% of supplies in monetary terms), the Czech Republic (20%) and Poland (8.45%).
As a result of the war, a number of mines and coke and chemical plants were located in territories temporarily outside of Ukraine’s control.

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Ukrainian private clinics still operating during blackout

Ukrainian private clinics find opportunities to continue working and provide medical services to the citizens of the country during the blackout, according to the results of a survey conducted by the Interfax-Ukraine agency.
In turn, the Adonis medical group of companies reported that, in particular, their clinic in Sofiyivska Borschahivka in Kyiv operates during a power outage in the normal mode and receives patients according to the appointment schedule, and the maternity hospital accepts women around the clock. At the same time, planned and emergency hospitalization and emergency care continue.
Adonis noted that the clinic has an autonomous power supply system, so there is light in each subsection 24/7, which allows the inpatient treatment of patients to continue even during power outages.
“At first, due to blackout, we urgently resolved a number of organizational issues, such as the delivery of technical and drinking water and the search for fuel for generators. But now the branch has large reserves and is ready for any challenges of the present. The clinic is equipped with everything necessary. Therefore, our patients are in comfortable conditions, have unlimited access to drinking water, and have the opportunity to charge gadgets,” the clinic said.
At the same time, the Adonis branch in Podil also operates 24/7, is provided with water, and in case of power outage, a generator runs. All types of services are provided there, such as consultations, diagnostics, laboratory tests, surgical interventions, a hospital and an ambulance work.
Adonis on Osokorky also operates as usual during power outage and accepts patients according to the schedule. At the same time, the cryobank and embryo laboratory located in the clinic are additionally provided with stable backup power sources, however, at present, ultrasound diagnostics do not work during power outages.
Adonis noted that clinics are provided with generators and the needs of clinics are covered by 100%. In addition, there are separate power supplies for both the outpatient and operating rooms and the embryology laboratory. Surgical and inpatient medical care is provided in branches operating 24/7.
At the same time, Adonis noted that when dealing with energy supply issues, they “found themselves in a strange situation where the local residential community blocked the installation of additional power generators.”
“We have found a compromise solution and are now at the stage of setting up a generator that will meet the needs of our patients, including surgical ones, by 100%. The clinic is equipped with everything necessary. Our patients are in comfortable conditions, have unlimited access to drinking water, and can charge gadgets. Heat is supplied centrally,” the company said.
The Leleka medical center reported that their center continues to operate from a generator to which all critical nodes are connected, so there is water, heat and light.
“We are provided with everything: both heat and water due to engineering system solutions, which was thought out during construction in 2015. We provide all medical services as usual. There are generators that allow us to continue working, conduct consultations, take tests, diagnose, and operate, provide resuscitation. Medical equipment is working, food is being prepared,” the clinic said.
The main problem with blackouts is the high cost of fuel for the generators.
“It’s more expensive than electricity,” the medical center explained.
“There are interruptions in mobile communications and the Internet during blackouts, which we cannot influence. But this does not affect the safety of patients, but simply adds certain service inconveniences,” the clinic said.

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Ukraine-EU summit to take place on February 3, 2023

Ukraine-EU summit will take place on February 3, 2023 in Brussels.
Barend Leites, spokesman for European Council President Charles Michel, told the Interfax-Ukraine news agency in Brussels on Thursday.
“I can confirm that the Ukraine-EU summit will take place on February 3, there is an open invitation to President Zelensky to visit Brussels,” he said.

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Vladimir Zelensky thanked Biden for his support of Ukraine

Ukrainian President Volodymyr Zelensky thanked his American counterpart Joseph Biden for the support of the Ukrainian people.
“Joseph Biden, thank you for the support of our people!” he wrote in his telegram channel.
According to the Ukrainian commander-in-chief, “this visit is carried out on the eve of the new year, which can be extremely important for Ukraine.”
“I’m sure that together we can achieve significant results,” Zelensky stressed.
As reported, Biden and First Lady Jill Biden welcomed the president of Ukraine to the White House on the South Lawn. Biden said that the American people, both Democrats and Republicans, were proud to support Ukrainians.

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Oil prices continue to rise, Brent at $82.5 barrel

Oil is rising in price on Thursday morning after a significant increase in the previous session, caused by a reduction in fuel stocks in the U.S.
The value of February futures on London’s ICE Futures Exchange is $82.54 per barrel by 8:55 Moscow time, which is $0.34 (0.41%) above the level at the end of the previous session. At the close of trading on Wednesday these contracts rose by $2.21 (2.8%) to $82.2 a barrel.
The price of WTI futures for February at electronic trades of the New York Mercantile Exchange (NYMEX) is $78.67 per barrel by that time, which is $0.38 (0.49%) above the final value of the previous session. The contract rose by $2.06 (2.7%) to $78.29 per barrel at the end of last session.
Last week stocks of oil in the U.S. fell by 5.9 million barrels, said the Energy Department the day before. Experts interviewed by Bloomberg agency on average expected an increase of 2.5 million barrels.
At the same time, commercial reserves of gasoline increased by 2.53 million barrels and distillates decreased by 242,000 barrels.
“Vigorous exports and falling imports due to the Keystone pipeline shutdown led to a significant drop in crude inventories,” wrote Kplr lead oil analyst Matt Smith. – Refinery utilization has fallen to its lowest in seven weeks, which has somewhat limited the reduction in reserves, as has the release of 3.7 million barrels from strategic reserves.”
Additionally, market participants are keeping an eye on the coronavirus situation in the PRC.
“Despite skyrocketing illness rates and reports of overcrowded hospitals, Chinese authorities are not quarantining cities, which means energy demand is rising as the world’s second-largest economy gets back on track,” Sevens Report Research quoted MarketWatch analysts as saying.

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Structure of Ukraine’s GDP in 2021 (production method, graphically)

Structure of Ukraine’s GDP in 2021 (production method, graphically)

SSC of Ukraine