Business news from Ukraine

Business news from Ukraine

Ukraine reduced oil imports by 16.4%

In January-July 2022, Ukraine reduced the import of oil and crude oil (according to the TNVED code 2709) by 16.4% (by 101,209 thousand tons) compared to the same period last year, to 516,807 tons.
According to the State Customs Service, raw materials worth $346.377 million were imported in seven months, which is 1.7 times more than in January-July 2021 ($267.354 million), incl. from Azerbaijan – by $346.195 million, Libya – by $0.182 million. In July of this year, Ukraine did not import oil.
Ukraine in January-July 2022 did not export oil, while for the same period in 2021, 89.963 thousand tons of oil were exported from the country to Romania for $27.133 million.
As reported, in 2011 Ukraine imported 5 million 826.316 thousand tons of oil for $4 billion 384.387 million, in 2012 – 1 million 544.196 thousand tons for $1 billion 232.584 million, in 2013 – 761.058 thousand tons for $630.282 million, in 2014 – 178.613 thousand tons for $146.533 million, in 2015 – 248.158 thousand tons for $89.039 million, in 2016 – 515.954 thousand tons for $173.835 million, in 2017 – 1 million 13.359 thousand tons of oil for $442.219 million, in 2018 – 766.832 thousand. tons for $431.735 million, in 2019 – 790.628 thousand tons for $405.748 million, in 2020 – 1 million 245.587 thousand tons for $409.167 million, in 2021 – 1 million 561.247 thousand tons for $827.592 million.

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Ukraine for 7 months reduced imports of petroleum products by 13.2%

In January-July 2022, Ukraine imported 3 million 933.911 thousand tons of oil products (according to the TNVED code 2710: gasoline, diesel fuel, fuel oil, jet fuel, etc.), which is 13.2% less than in the same period last year (4 million 531.367 thousand tons).
According to the State Customs Service, oil products were imported in the amount of $4 billion 324.218 million, which is 67.7% more than in January-July 2021 ($2 billion 578.915 million).
Belarus imported fuel for $793.511 million (share – 18.35%), Russia – for $590.393 million (13.65%), India – for $451.414 million (10.44%), other countries – for $2 billion 488.901 million (57 .56%). For seven months of 2021, the total cost share of fuel from Belarus and the Russian Federation in imports was 67%.
In addition, Ukraine exported 46.157 thousand tons (-79.4% compared to January-July-2021) of oil products for a total of $48.255 million (-58.5%) in seven months. The cost of fuel delivered to contractors from Lithuania amounted to $16.342 million, Estonia – $6.022 million, Hungary – $3.606 million, other countries – $22.285 million.
As reported, Ukraine imported 8 million 790.515 thousand tons of oil products in 2021, which is 9.6% more than in 2020 (8 million 23.072 thousand tons).
Oil products were imported in the amount of $5 billion 614.787 million, which is 65.3% more than in 2020 ($3 billion 396.929 million). Incl. Belarus imported fuel for $2 billion 351.116 million (share – 41.87%), Russia – for $1 billion 240.513 million (22.09%), Lithuania – for $654.584 million (11.66%), other countries – for $1 billion 368.574 million (24.37%).

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Stalkanat-Silur almost tripled its profit in 2021, intends to keep it undistributed

PJSC “Production Association “Stalkanat-Silur” (Odessa), following the results of work in 2021, increased its net profit by 2.8 times compared to the previous year – up to UAH 327.842 million.
According to the information for the annual general meeting of shareholders scheduled for September 30 of the current year, retained earnings as of December 31, 2021 amounted to UAH 116.580 million.
The meeting will be held remotely. The start date for shareholders voting on the agenda is September 19, the voting end date is until 18:00 on September 30, 2022.
Shareholders will consider a number of issues based on the results of work in 2021, in particular, the report of the CEO on the financial and economic activities of the company over the past year and the main areas of activity in 2022. They will also consider the report of the supervisory board of the company, approve the report and conclusions of the auditor of the company, approve the annual report, including the annual financial statements for the past year.
On all these issues, it is proposed to recognize the performance as satisfactory.
In addition, the shareholders will decide on the distribution of the company’s profit for 2021, which, according to the draft decision, a copy of which the Interfax-Ukraine agency has, is proposed to be left undistributed.
As reported, the plant in 2020 reduced its net profit by 21.3% compared to 2019 – to UAH 116.761 million from UAH 148.419 million, net income – by 7.6%, to UAH 2 billion 146.230 million.
The general meeting of shareholders held on September 3, 2021 decided to separate from PJSC “Stalkanat-Silur” and create a new company – PJSC “Stalkanat” with the transfer of part of the property, rights and obligations to it in accordance with the approved distribution balance.
Director General of Stalkanat-Silur Sergey Lavrinenko explained earlier to the Interfax-Ukraine agency that all shares of Stalkanat PJSC being created are distributed among all shareholders of Stalkanat-Silur PJSC. The shareholders agreed to spin off the Stalkanat company, to which the Odessa industrial site will be transferred. In turn, PJSC “Stalkanat-Silur” will also remain, on the balance of which “Silur” will be located in the temporarily uncontrolled territory (Khartsyzsk, Donetsk region).
PJSC “PA “Stalkanat-Silur” (Odessa) previously had two branches – in Odessa and in Khartsyzsk, Donetsk region on the tubing. “. Later, the management of PJSC “PA” Stalkanat-Silur “announced the seizure of the company’s branch in Khartsyzsk on the NKT, sent a corresponding statement to the National Police.
According to the NDU for the fourth quarter of 2021, David Nemirovsky (Ukraine) owns 50.0001% of the shares of PJSC “PO” Stalkanat-Silur”, Anton Mikhalenko – 23.7%, Ederi Liron (both – Israel) – 23, one%.
The authorized capital of PJSC “Stalkanat-Silur” is currently UAH 8.346 million.

Experts presented list of leading insurers in OSAGO

The leaders in terms of premiums collected under compulsory motor third party liability insurance (OSAGO) contracts in the second quarter of 2022, as in the previous one, were IG TAS and NJSIC Oranta, according to the website of the Motor (Transport) Insurance Bureau of Ukraine (MTSBU).
At the same time, according to the published data, there have been a number of changes in the TOP-10 leading insurers of Ukraine for this type of insurance. The Ukrainian Fire and Insurance Company, which occupied the eighth position in the first quarter, left the TOP-10.
In addition, IC Euroins Ukraine returned to the top 10 sellers of OSAGO from the top ten in terms of collected premiums, IC Guardian rose from 10th position to seventh, USG – from seventh to fifth.
MTIBU is the only association of insurers that provides compulsory insurance of civil liability of land vehicle owners for damage caused to third parties. MTIBU members are 42 insurance companies.

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By end of the century, humanity will face abnormal heat much more often – study

Severe heat waves with dangerous temperatures for people during this century are likely to occur 3-10 times more often than now, CNN reported on Friday, citing a study by Harvard and Washington Universities.
Thus, more and more frequent heat waves are expected in the USA, China, Japan and Western Europe. In this case, the air temperature will reach 39.4 degrees Celsius.
This trend will be most pronounced in the countries of the tropics, where the number of days with extreme heat – with an air temperature of 51 degrees Celsius – will double.
Experts have made these predictions based on assumptions that average global temperatures will rise by 2 degrees Celsius: this is the limit set in the 2015 Paris climate agreement, within which humanity must keep the increase in temperatures.
Earlier it was reported that according to the Joint Research Center of the European Commission, the current drought seems to be perhaps the worst in the last 500 years. Final data at the end of the season may confirm this preliminary estimate.
The countries of Europe, which this summer are suffering from wildfires associated with abnormal heat and drought, in 2022 broke the record of destruction from fires: 662.8 thousand hectares were devastated by fire.
Among the states most affected by fires this year are Spain (246 thousand hectares of burned forests), Romania (150 thousand hectares), Portugal (75 thousand hectares) and France (61 thousand hectares).

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Stock indices of largest countries of Western Europe are increasing on Friday

Investors are awaiting a speech by US Federal Reserve Chairman Jerome Powell at the annual economic symposium in Jackson Hole. Powell is expected to reiterate the US central bank’s commitment to rapidly raising rates to curb inflation.
Also in the spotlight is the news that British energy market regulator Ofgem will raise its electricity bill cap by 80% to £3,549 a year in October, after raising it by 54% in April.
The composite index of the largest companies in the region Stoxx Europe 600 by 10:59 Moscow time increased by 0.09% and amounted to 433.77 points.
The German DAX index rises by 0.32%, the French CAC 40 – by 0.27%, the British FTSE 100 – by 0.47%. The Italian FTSE MIB and the Spanish IBEX 35 are up 0.31% and 0.41% respectively.
French consumer confidence rose unexpectedly to 82 in August from 80 in July, the lowest level since June 2013. The indicator rose for the first time in eight months. Analysts on average predicted the indicator at the level of 79 points, writes Trading Economics.
Leading index of consumer confidence in Germany, calculated by the research company GfK, fell to a minimum since 1991, due to concerns about rising energy prices.
The value of the September index fell to minus 36.5 points compared to minus 30.9 points a month earlier. Analysts on average predicted a decline to minus 31.8 points, according to Trading Economics.
Shares of SAS AB rise in price by 1%. The Scandinavian airline increased its net loss in the third quarter of fiscal year 2022 due to flight cancellations and pilot strikes.
The price of Deutsche Lufthansa AG shares increases by 0.2%. The German carrier intends to continue talks with the union representing the company’s pilots amid wage disputes that threaten the company with strikes. Meanwhile, the union has already begun preparations for a strike.
Among the growth leaders in the composite regional index are traded shares of SKF AB, which produces health and hygiene products, (+6.2%), the Swedish oil and gas Orron Energy (+4.9%) and the Swiss online pharmacy Zur Rose Group AG (+ 3.8%).

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