Business news from Ukraine

Business news from Ukraine

Ukrainian mining companies increased iron ore exports by 2.1 times

In January-April this year, Ukrainian mining companies increased exports of iron ore in physical terms by 2.1 times compared to the same period last year, to 11 million 28,545 thousand tons.

According to statistics released by the State Customs Service (SCS) on Friday, foreign exchange earnings from iron ore exports increased 4.1 times to $2 billion 409.852 million over the period under review.

At the same time, 9 million 4.370 thousand tons of iron ore worth $863.315 million were exported in 3 months of 2014.

Iron ore was exported mainly to China (43.03% of supplies in monetary terms), Slovakia (16.29%) and Poland (13.67%).

In January-April 2024, Ukraine imported iron ore worth $72 thousand in a total volume of 252 tons, while in January-April 2023, it imported $41 thousand in a total volume of 67 tons. Imports were carried out from the Netherlands (29.17%), Italy (25%) and Norway (18.06%).

As reported, in 2023, Ukraine decreased the export of iron ore in physical terms by 26% compared to 2022 – to 17 million 753.165 thousand tons, foreign exchange earnings from iron ore exports amounted to $1 billion 766.906 million (down 39.3%). Iron ore was exported mainly to Slovakia (28.39% of supplies in monetary terms), the Czech Republic (19.74%) and Poland (19.56%).

Last year, Ukraine imported iron ore worth $135 thousand in the total amount of 250 tons. During this period, imports were made from Norway (34.81%), Italy (28.89%) and the Netherlands (28.89%). While in 2022, iron ore was imported for $65 thousand in a total volume of 101 tons.

In 2022, Ukraine decreased exports of iron ore in physical terms by 45.9% compared to 2021 – to 23 million 984.623 thousand tons, while foreign exchange earnings decreased by 57.8% to $2 billion 912.974 million. Iron ore was exported mainly to Slovakia (19.23% of supplies in monetary terms), the Czech Republic (17.32%) and Poland (16.49%).

In 2022, Ukraine imported iron ore worth $65 thousand in a total volume of 101 tons, while in 2021 – $184 thousand in a volume of 1,202 thousand tons. Imports were carried out from Norway (36.92%), the Netherlands (27.69%) and the UK (16.92%).

,

Ukraine almost doubles exports of semi-finished steel products

In January-April this year, Ukraine increased exports of carbon steel semi-finished products in physical terms by 96.9% year-on-year to 583,229 thousand tons.

According to statistics released by the State Customs Service (SCS) on Friday, exports of carbon steel semi-finished products increased by 82.2% to $288.324 million in monetary terms.

The main exports were made to Bulgaria (37.50% of supplies in monetary terms), Poland (15.84%) and Italy (7.74%).

In January-April 2024, Ukraine imported 5 tons of semi-finished products from Egypt for $5 thousand, while in January-April 2023, it imported 72 tons of semi-finished products from China for $133 thousand.

As reported, in 2023, Ukraine decreased exports of carbon steel semi-finished products in physical terms by 36.7% compared to 2022, to 1 million 203.454 thousand tons, while exports in monetary terms decreased by 48.9% to $608.516 million. The main exports were made to Bulgaria (36.66% of supplies in monetary terms), Poland (23.01%), and Italy (9.60%).

In addition, in 2023, Ukraine imported 96 tons of semi-finished products from China (98.26%) and Turkey (1.74%) for $172 thousand.

In 2022, Ukraine decreased exports of carbon steel semi-finished products by 72% year-on-year to 1 million 899.729 thousand tons in physical terms and by 70.9% in monetary terms to $1 billion 191.279 million. The main exports were made to Bulgaria (26.55% of supplies in monetary terms), Poland (13.97%) and Italy (12.13%).

In 2022, Ukraine imported 5,558 thousand tons of similar products, which is 85.7% less than in 2021. In monetary terms, imports decreased by 86% to $3.634 million. Imports were made from the Russian Federation (96.92% of supplies before the war), China (1.84%), and Romania (1.21%).

,

Number of vacancies as of 31.03.2024 (thousand units) according to the data of the state employment center

Number of vacancies as of 31.03.2024 (thousand units) according to the data of the state employment center

Source: Open4Business.com.ua and experts.news

Co-owners of EVA and Varus chains to supply food to Armed Forces of Ukraine

UT Company, created by co-owners of EVA and Varus chains Valeriy Kiptyk and Ruslan Shostak, has won a tender of the State Logistics Operator (DOT) for the supply of food to military units in one of Ukraine’s regions, the press service of Terwin Group reports.

“Ukrainian Transparent Company has committed itself to supplying food to military units in one of Ukraine’s regions by offering the best conditions at the tender held by the State Logistics Service. This is a pilot project that will last for two months and will significantly save the state budget,” the press release says.

The company did not disclose the cost of the tender. According to Shostak, the company aims to help the state make the procurement process transparent and efficient.

“Our main task is to restore trust in the state and business pride in cooperation with the authorities. And I want to emphasize that we supply products directly from domestic manufacturers to soldiers without extra charges; we finance all administrative costs on our own, we do not add them to the price – this is our contribution,” Shostak was quoted as saying in the press release.

According to Forbes Ukraine, the supplies will be delivered to military units in Zaporizhzhia region.

As reported, in October 2023, 17 companies managed by Shostak, employing a total of 30,000 people, merged into TERWIN. These are Omega LLC, Rusch, Tervin Group, Tixid, Tavria Hub, Mizhtneva, Formsite, Digamma, Milton Group, Saltora Plus, Firm Ariant, Novoe Stroitelstvo 2017, Altair D, Apex H, Aspect D, Lattero, and the Ruslan Shostak Charitable Foundation. The total assets of the corporation are estimated at $1.6 billion. The total revenue of the companies in the pre-war period reached $2 billion, and in 2023 it was expected to reach $1.7 billion.

, , ,

Croatia’s newly elected parliament begins its work, with Gordan Jandrokovic, who supports Ukraine, elected speaker

Croatia has held the first meeting of the parliament elected in the April 17 elections. Gordan Jandrokovic was elected speaker, with 144 out of 151 deputies voting for his candidacy, the Croatian newspaper Jutarnji list reports. Gondar Jandroković represents the HDZ (Croatian Democratic Commonwealth) party and became the speaker of the Croatian parliament for the third time.

“It is an extraordinary honor to be trusted for the third time to fulfill the duties of the Croatian Parliament. We are living in a dangerous historical period: the war in Ukraine and the Middle East, we cannot avoid the fact that the neighborhood is also a potential source of instability, we are facing the challenges of climate change, disruptions in global supply chains,” Jandroković said.

After several weeks of negotiations, a coalition was formed in the parliament, which included the HDZ and the Fatherland Movement parties. Croatian Prime Minister Andrej Plenković said that the new government’s program of activities was being finalized.

At the beginning of Russia’s full-scale invasion of Ukraine, the Croatian parliament and government expressed support for Ukraine, granting it EU candidate status and providing economic support.

Sources:

https://www.jutarnji.hr/vijesti/hrvatska/plenkovic-komentirao-nove-ministre-susnjara-sam-tek-upoznao-ppd-pitao-sam-ga-vidjet-cemo-15461328

https://www.jutarnji.hr/vijesti/hrvatska/konstituiran-novi-sabor-stigli-kolinda-i-mesic-milanovica-nema-sest-zastupnika-glasalo-protiv-jandrokovica-evo-tko-su-oni-15461154

www.jutarnji.hr (https://www.jutarnji.hr/vijesti/hrvatska/plenkovic-komentirao-nove-ministre-susnjara-sam-tek-upoznao-ppd-pitao-sam-ga-vidjet-cemo-15461328)

MTSBU to raise cost of “Green Card” policies

Motor (Transport) Insurance Bureau of Ukraine (MTSBU) from 00:00 hours on May 20 increases tariffs for “Green Card” policies for vehicles traveling abroad by 3.2%.

Amounts of single insurance payments under contracts of international compulsory civil liability insurance of owners of land vehicles are established by the resolution of the Cabinet of Ministers of January 6, 2005 and are defined in euros.

As reported on the website of the ITSBU, for trips within the territory of the member countries of the international system of automobile insurance “Green Card” the cost of the policy from May 20 for 15 days for passenger cars increases to UAH 1,156 thousand (from UAH 1,120 thousand), for buses – to UAH 4,325 thousand (from UAH 4,190 thousand), for trucks – to UAH 2,474 thousand (UAH 2,397 thousand).

The cost of “Green Card” for one month for cars will be UAH 1,841 thousand (against UAH 1,783 thousand), buses – UAH 6,039 thousand (UAH 5,849 thousand), trucks – UAH 3,613 thousand (UAH 3,499 thousand).

Semi-annual and annual policies “Green Card” for cars will now cost respectively 9,636 thousand UAH and 12,849 thousand UAH (previously 9,334 thousand UAH and 12,446 thousand UAH), for trucks – 16,206 thousand UAH and 30,658 thousand UAH, for buses – 21,072 thousand UAH and 39,147 thousand UAH.

The cost of policies for trips to Azerbaijan and Moldova also increases by 3.2%. So for cars for 15 days it will amount to UAH 764 (previously – UAH 740), for one month – UAH 1,124 thousand (UAH 1,089 thousand), for six months – UAH 2,577 thousand (UAH 2,496 thousand), for a year – UAH 3,669 thousand (UAH 3,554 thousand).

The last change of tariffs was March 15, 2024 for cars increase by 11.8% for 15 days and 41.9% for a year, December 22, 2023 upward by 5.6%, September 29 downward by 3.4%, April 21, 2023 upward by 3.15%, December 30, 2022 upward by 3.1%.

As reported, the sum of “Green Card” policies have been realized since 2009 of two types: the whole of Europe and Moldova. Also from January 1, 2016 Ukrainian policies “Green Card” began to operate in the territory of Azerbaijan.

“Green Card” is a system of insurance protection for victims of road traffic accidents regardless of the country of their residence and the country of vehicle registration. It is distributed on the territory of 44 countries of Europe, Asia and Africa.

According to the decision of the General Assembly of the Council of the Bureau of the International Motor Insurance System “Green Card” adopted in Luxembourg in May 2004, Ukraine is a full member of this system since January 1, 2005.

,