Business news from Ukraine

Business news from Ukraine

No precipitation in Kyiv at beginning of week, up to 6° below zero at night

Light rain is expected in some places in the Carpathians at night on Monday, November 25, while precipitation is expected in the rest of Ukraine. According to the Ukrainian Weather Center, there will be icy conditions on the roads in the western, northern and Vinnytsia regions.

The wind will be southeast, northwest in the east and south of the country, 5-10 m/s, in the southeastern regions gusts of 15-20 m/s in some places. The temperature at night will be 2-7° below zero, in the western regions around 0°; during the day from 2° below zero to 3° above zero, in the west and south of the country 2-7° above zero.

No precipitation in Kyiv on November 25. Southeast wind, 5-10 m/s. The temperature at night will be 4-6° below zero, during the day 0-2° above zero.

According to the Borys Sreznevsky Central Geophysical Observatory, on November 25, the highest daytime temperature in Kyiv was +13.9°C in 1938, the lowest nighttime temperature was -18.4°C in 1890.

On Tuesday, November 26, Ukraine will also have mostly no precipitation, with only light snow in the eastern regions in the afternoon. In the western, northern, eastern and Vinnytsia regions, there will be ice on the roads in some places. Wind of variable directions, 3-8 m/s. The temperature at night will be 2-7° below zero; during the day from 3° below zero to 2° above zero, in the western regions and in the extreme south of the country 3-8° above zero.

No precipitation in Kyiv on November 26. Wind of variable directions, 3-8 m/s. The temperature at night will be 3-5° below zero, during the day around 0°.

Ukraine increased steel production by 5.7% in October, ranking 23rd in world

Ukrainian steelmakers increased steel production by 5.7% year-on-year to 604 thousand tons from 571 thousand tons in October this year, but decreased by 0.1% compared to the previous month, when they produced 610 thousand tons.
At the same time, Ukraine took 23rd place in the ranking of 71 countries that are global producers of this product, compiled by the World Steel Association (Worldsteel).
According to Worldsteel, in October 2014, half of the top ten countries, except for Japan, the United States, Russia, South Korea, and Iran, recorded an increase in steel production compared to October 2013.
The top ten steel producing countries in October are as follows: China (81.880 million tons, up 2.9% by October 2023), India (12.456 million tons, up 1.7%), Japan (6.925 million tons, down 7.8%), the United States (6.551 million tons, down 2%), and the Russian Federation (5.6 million tons, down 15.2%), South Korea (4.487 million tons, down 18.3%), Germany (3.217 million tons, up 14.7%), Brazil (3.075 million tons, up 16.2%), Turkey (2.998 million tons, up 0.7%) and Iran (2.960 million tons, down 1.9%).
Overall, in October this year, steel production increased by 0.4% year-on-year to 151.193 million tons.
For the first 10 months of 2024, the top ten producing countries are as follows: China (850.730 million tons, down 3%), India (122.982 million tons, up 5.6%), Japan (70.214 million tons, down 3.7%), the United States (66.666 million tons, down 1.9%), and the Russian Federation (59.435 million tons, down 6.8%), South Korea (52.330 million tons, down 6.4%), Germany (31.581 million tons, up 5%), Turkey (30.905 million tons, up 12.4%), Brazil (28.394 million tons, up 6%), and Iran (24.956 million tons, up 0.6%).
In total, 71 countries produced 1 billion 546.586 million tons of steel in January-October, down 1.6% from the same period in 2023.
At the same time, Ukraine produced 6.487 million tons of steel in 10 months of 2024, up 25.7% compared to January-October 2023. The country ranks 20th in the first 10 months of 2014.
As reported, in 2023, China produced 1 billion 19.080 million tons at the level of the previous year), India (140.171 million tons, +11.8%), Japan (86.996 million tons, -2.5%), the United States (80.664 million tons, +0.2%), The Russian Federation (75.8 million tons, +5.6%), South Korea (66.676 million tons, +1.3%), Germany (35.438 million tons, -3.9%), Turkey (33.714 million tons, -4%), Brazil (31.869 million tons, -6.5%) and Iran (31.139 million tons, +1.8%).
In total, 71 countries produced 1 billion 849.734 million tons of steel in 2023, which is 0.1% less than in 2022.
At the same time, Ukraine produced 6.228 million tons of steel in 2023, which is 0.6% lower than in 2022. The country was ranked 22nd in 2023.
In 2022, the top ten steel-producing countries were as follows: China (1.013 billion tons, -2.1%), India (124.720 million tons, +5.5%), Japan (89.235 million tons, -7.4%), the United States (80.715 million tons, -5.9%), the Russian Federation (71.5 million tons, -7.2%), South Korea (65, 865 million tons, -6.5%), Germany (36.849 million tons, -8.4%), Turkey (35.134 million tons, -12.9%), Brazil (33.972 million tons, -5.8%) and Iran (30.593 million tons, +8%).
Ukraine ranked 23rd in 2022 with 6.263 million tons of steel produced (-70.7%).
In total, 64 countries produced 1 billion 831.467 million tons of steel in 2022, which is 4.3% less than in 2021.

TAS Insurance Group’s claims increased by 53.3% over 10 months

In January-October 2024, TAS Insurance Group (Kyiv) paid UAH 1.618 billion under the concluded insurance contracts, which is 53.3% more than the company’s indemnities for 10 months of last year, according to the insurer’s website.

More than a quarter of the total volume of payments, or 27.94%, accounted for hull insurance – UAH 452.2 million, which is 38.9% higher than the corresponding figure for 10 months of 2023, 32.3% or UAH 523.5 million – for MTPL (+31.7%), 21.8% or UAH 352.8 million – for Green Card (+99.8%).

The share of VHI in the company’s claims portfolio amounted to 14.33%, or UAH 231.9 million (+87.2%) for the first eight months of the year.

TAS Group paid UAH 11 million (+60.3%) under property insurance contracts in the reporting period.

The company paid UAH 47.2 million (+85.8%) under other insurance contracts.

TAS Insurance Group was registered in 1998. It is a universal company offering more than 80 types of insurance products in various types of voluntary and compulsory insurance. It has an extensive regional network: 28 regional directorates and branches and 450 sales offices throughout Ukraine.

Finland allocates €20.5 mln for education reform and school meals in Ukraine

Finland has announced the allocation of €20.5 million to support the Ukrainian education system, the Ministry of Education and Science reports.

“20 million euros will be used to support educational reform in Ukraine as part of a project that will run from 2025 to 2028. The cooperation project was developed jointly with the Ministry of Education and Science of Ukraine, the Ministry of Education and Culture of Finland, and the Finnish National Agency for Education,” the ministry said in a statement.

In addition, Finland will provide 500 thousand euros to support the World Food Program (WFP) school feeding program in Ukraine.

According to the Minister of Education and Science of Ukraine Oksen Lisovyi, the Finnish government has been one of the key partners in education reform since 2018.

“We have many joint programs aimed at strengthening the social protection of students and providing them with psychosocial support,” he added.

World Steel Association has released ranking of major steel producing countries

According to Worldsteel, in October-2024, half of the top ten countries, except Japan, USA, rf, South Korea and Iran, recorded steelmaking growth by October-2023.
The top ten steel-producing countries at the end of October are as follows: China (81.880 million tons, up 2.9% on October-2023), India (12.456 million tons, plus 1.7%), Japan (6.925 million tons, minus 7.8%), USA (6.551 million tons, minus 2%), Russia (5.6 million tons, minus 15.2%), South Korea (4.487 million tons, down 18.3%), Germany (3.217 million tons, plus 14.7%), Brazil (3.075 million tons, plus 16.2%), Turkey (2.998 million tons, plus 0.7%) and Iran (2.960 million tons, minus 1.9%).
Overall, in October this year, steelmaking rose 0.4% year-on-year to 151.193 million tons.
For the first 10 months of 2024, the top ten steel-producing countries are as follows: China (850.730 million tons, down 3%), India (122.982 million tons, up 5.6%), Japan (70.214 million tons, down 3.7%), USA (66.666 million tons, “minus” 1.9%), Russia (59.435 million tons, “minus” 6.8%), South Korea (52.330 million tons, minus 6.4%), Germany (31.581 million tons, plus 5%), Turkey (30.905 million tons, plus 12.4%), Brazil (28.394 million tons, up 6%) and Iran (24.956 million tons, plus 0.6%).
Overall, 71 countries produced 1 billion 546.586 million tons of steel in January-October, down 1.6% from the same period in 2023.

 

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Best from pharmaceutical industry of Ukraine were awarded in Kiev

On November 19, 2024, the Ukrainian House hosted the awarding ceremony of the annual competition of professionals in the pharmaceutical industry of Ukraine “Panacea-2024”, hosted by the famous TV presenter Timur Miroshnichenko.

This year the competition crossed the age line of a quarter of a century and in honor of the 25th anniversary, in order to record this historical milestone, the organizers of the competition invited the famous Ukrainian photographer Igor Gaidai with the author’s photo project “Razom.UA”!

Despite the continuation of the full-scale war and aggravation of the challenges associated with it, the pharmaceutical market demonstrates significant progress in recovery from the period of decline, continues to develop and grow, demonstrating amazing adaptability, flexibility and sustainability. To summarize the results of the year, to celebrate the best among the best, to inspire each other – these were the goals that united the professional pharmaceutical community this evening.

24 Panacea-2024 statuettes were awarded to the best companies, projects and drugs. The winners were determined on the basis of data from the analytical partners of the competition – Business-Credit, SMD and IQVIA.

Bayer became the innovative company of the year according to the IQVIA analytical company. For the first time this year clinical trials in Ukraine were recognized in the nomination “Investors in innovative treatment in times of war. International sponsors of clinical trials” the award for investments in the latest developments was given to AstraZeneca.

Panacea-2024” statuettes were awarded to 2 educational projects: Bionorica company for creating a new model of educational environment for pharmacists and doctors at the National Bogomolets Medical University with a focus on phytopharmacology and phytotherapy,

and the project “UPteka: Academy of Development 9-1-1” from the pharmacy chain “Apteka 9-1-1” for creating a unique all-Ukrainian training program with educational space in Kharkiv PHARM HUB, offline and online formats and integration with leading educational institutions of Ukraine.

During the ceremony drugs in prescription and over-the-counter groups were recognized.

The winners in the nomination “Drug of the Year. Among over-the-counter medicines were:

– TANTUM VERDE®, Dileo Farma company;

– DUFALAK®, Abbott Company;

– CREON®, Abbott;

– PROKTOZAN® NEO, Stada;

– BEPANTEN®, Bayer;

– AMIXIN®, Interchem;

– MILI NOSIK, Mili Healthcare.

Among the dietary supplements the preparations SLIPFORMULA 4 in 1 from the pharmacy chain “D.S.” and ANANTAVATI® from Ananta Medicare were recognized.

The ceremony was made possible with the support of partners: the magazine “Pharmaceutical Industry” and the news agency “Interfax-Ukraine”, professional associations “Drug Manufacturers of Ukraine”, APRAD, operators of the medical devices market, pharmacy profassociation, public union “Pharmaceutical League of Ukraine”, medical technology assessment NTA, as well as legal partner “Gelon” and travel partner “Dinadis”.

The organizer of the contest is the production company “Zdorovo”.

Interfax-Ukraine news agency is a long-term partner of the annual Panacea-2024 contest.