Business news from Ukraine

Business news from Ukraine

Ukraine receives 100 units of farming equipment under Howard Buffett’s project

Ukrainian farmers have received 50 combines, 49 tractors and various farming equipment as charity assistance under the Harvest of Victory project funded by American philanthropist Howard Buffett, and mobile granaries are also on their way to Ukraine.
According to a Wednesday statement on the website of the Agrarian Policy and Food Ministry of Ukraine, on August 30, Ukrainian farmers and representatives of the ministry met with Buffett at the Khreschatyk metro station in Kyiv, which is temporarily closed for passengers.
The Howard G. Buffett Foundation has already allocated $90 million for Ukrainians in the territories that had been liberated from the Russian occupation, notably, for the spring sowing campaign there.
During the meeting, Buffett said that today assistance and investment in Ukraine’s agriculture is a contribution to food safety of millions of people all over the world, adding that the problems Ukraine is facing today are the problems of not only Ukrainians, but also of the U.S., the EU and other states, according to the ministry.
The philanthropist also said that his foundation is also working on programs of assistance for small farmers for the next year. It also supports the investigation into the consequences of Russia’s aggression for agriculture, as well as the development of a damage recovery mechanism.
Buffett said that he saw in the pictures and videos how the Russian troops and the war in general affect the fields. The farmers are unable to collect harvest safely. When Russia tries to hit the world by limiting food resources, this is a crime against the whole world, he stressed.
In turn, Agrarian Policy and Food Deputy Minister of Ukraine Taras Vysotsky thanked the guest for his support to Ukraine, and especially its agricultural sector.
The parties discussed the issues of irrigation, possible introduction of the No-Till technology in Ukraine, food security, as well as further steps to prevent worsening of the situation with food security in the world and a negative impact of the war on the environment.

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DMZ coke division reduced production of metallurgical coke by 52.4%

The coking division of PJSC “Dneprovsk Metallurgical Plant” (former “Dneprokoks”), which is part of DCH Steel of the DCH group of businessman Alexander Yaroslavsky, in January-July of this year reduced the production of metallurgical coke by 52.4% compared to the same period last year – to 135 .2 thousand tons.
As a representative of the company told the Interfax-Ukraine agency, in July the enterprise produced 18.3 thousand tons of metallurgical coke.
At the same time, for 7 months-2022, the output of gross coke with 6% moisture content amounted to 166.2 thousand tons, including 22.7 thousand tons in July.
The plant produced 283.9 thousand tons of coke in January-July 2021, including 41.7 thousand tons in July-2021.
For 7 months-2022, 175 thousand tons of domestic coal were supplied to the enterprise, 37 thousand tons from Russia (before the war), 3 thousand tons from Poland and 24 thousand tons from the Czech Republic.
DMZ specializes in the production of steel, cast iron, rolled products and products from them. On March 1, 2018, the DCH Group signed an agreement on the purchase of the Dneprovsky steel plant from Evraz.

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Mission of Atomic Energy Agency arrives in Zaporizhia

A mission of the International Atomic Energy Agency (IAEA) has arrived in Zaporizhia, Energoatom reported.
“Today, August 31, at about 15:00, the mission of the International Atomic Energy Agency arrived in Zaporizhia,” Energoatom’s Telegram channel says on Wednesday.
As reported, Minister of Energy Herman Haluschenko said Wednesday morning that the IAEA mission had gone to the Zaporizhia nuclear power plant occupied by Russian troops. On Tuesday, IAEA Director General Rafael Grossi met with President Volodymyr Zelensky.
The distance from Zaporizhia to Enerhodar, where the ZNPP is located, is about 120 km.

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Ukraine exports 3,96 mln tonnes of grain since early 2022/2023 marketing year

Since the beginning of the 2022/2023 marketing year (MY, July-June), Ukraine has exported 3.96 million tonnes of grain crops, including 2.49 million tonnes of corn (63% of total supplies), 1.14 million tonnes of wheat (29%) and 310,000 tonnes of barley (12%).
As reported on the website of the Ministry of Agrarian Policy and Food on Wednesday, since the beginning of the current marketing year, the rate of grain exports has been 2.17 times lower than in the same period last year (in July 1-August 31, 2021, some 8.6 million tonnes were exported).
At the same time, according to the ministry, for the period of August 26-31, some 550,000 tonnes of grain crops were supplied to foreign markets (110,000 tonnes daily), while for the previous period, August 19-26, – 430,000 tonnes of grain crops (61,400 tonnes daily), on August 11-19 – 770,000 tonnes (96,200 tonnes daily), and on August 5-11 – 340,000 tonnes of grain crops (48,600 tonnes daily). Thus, the average daily export rates for the past reporting period increased by 1.8 times compared to the previous period.
In general, from the beginning of MY 2022/2023 to August 31, 2022, Ukraine exported 1.14 million tonnes of wheat (four times less compared to the same date in MY 2021/2022), 310,000 tonnes of barley (8.9 times less) , 500 tonnes of rye (25 times less) and 11,900 tonnes of flour (two times less).
In total, 310,000 tonnes of corn, 202,000 tonnes of wheat, 36,000 tonnes of barley, 100 tonnes of rye and 1,800 tonnes of flour were delivered to foreign markets for the period of August 26-31.

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From September 1, catering in Kyiv will be able to work until 22:00

From September 1, catering establishments in Kyiv will be able to operate no later than until 22:00, the relevant decision was made by the Defense Council of the city of Kyiv, the press service of the Kyiv city military administration reported.
The KSCA stressed that at 23:00 a curfew begins to operate in the capital, which must be strictly observed so as not to create conflict situations with law enforcement and defense forces and not endanger yourself and other citizens.
The curfew in the capital operates from 23:00 to 05:00. At this time, it is forbidden to be on the street and other public places, to travel by transport without a pass or on foot. You can only go out during the air raid – to reach the nearest shelter. Be sure to carry identification documents with you.

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Stock indices of Europe’s largest countries are falling on Wednesday

The composite index of the largest companies in the Stoxx Europe 600 region decreased by 0.57% by 11:32 a.m. and amounted to 417.40 points.
The German DAX fell 0.5%, the French CAC 40 – 0.7%, the British FTSE 100 – 0.6%. The Italian FTSE MIB and the Spanish IBEX 35 were down 0.23% and 0.5% respectively.
Traders evaluate the latest statistics from European countries.
Consumer prices in France, harmonized with European Union standards, rose 6.5% year-on-year in August, according to preliminary data from the Insee National Statistical Office. Thus, the growth rate slowed down compared to 6.8% in July. Analysts had expected weakening to just 6.7%, according to Trading Economics.
Meanwhile, French consumer spending fell 0.8% in July from the previous month. The average forecast of experts assumed a decline of 0.3%, according to Trading Economics. Bloomberg respondents had forecast a 0.2% contraction.
French GDP increased by 0.5% in the second quarter compared to the previous three months, according to final data from the national statistical institute Insee. The final data coincided with the preliminary estimate. Analysts, on average, did not expect a revision, according to a Trading Economics poll.
The number of unemployed in Germany in August increased by 28 thousand – up to 2.497 million, according to the data of the Federal Employment Agency of Germany. The rise in the indicator was noted for the third month in a row.
Unemployment rose to 5.5% from 5.4% a month earlier.
Experts polled by Bloomberg predicted, on average, an increase in the number of unemployed by 28.5 thousand and a rise in the unemployment rate to 5.5%. Respondents of Trading Economics assumed an increase in the first indicator by 28 thousand and an increase in unemployment to 5.5%.
The drop leaders among Stoxx Europe 600 components are shares of the Polish supermarket chain Dino Polska, which shed 4.3%.
Airbus SE shares are down 1.9%. European Aerospace Corporation CFO Dominic Asam will leave his post in early March next year, the company said in a statement. He will take the position of CFO of SAP SE.
Danske Bank AS added 0.4% in price. A Danish bank will write off the debt of 90 thousand customers in connection with the discovery of errors in debt collection systems.

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