On the 15th of June UkraineInvest organises the online investment forum “FIT for Ukraine: Investment Innovations”. The purpose of the event is to present an overview of the investment market in Ukraine, investment projects, successful business cases and preliminary conclusions of the analytical report on this topic, which was initiated by UkraineInvest with the support of UNDP and other authoritative international organisations.
The event will be held online in Ukrainian and English. Simultaneous translation will be provided during the broadcast.
About this event:
Ukraine has undergone a significant economic and industrial decline as a result of full-scale military aggression. The country’s GDP has contracted by almost 30%, and the share of manufacturing has dropped to 7% from 11% in 2021. Although businesses have shown resilience in their operations, they face limitations in terms of accessing finance and technologies. The ongoing war in Ukraine represents the largest land military operation in Europe since World War II, highlighting the urgent need for innovative approaches to finance investments.
To revitalize the economy and industrial sector in Ukraine, immediate action is required in the form of impact investments utilizing blended finance, combining state, donor, and private capital, along with attached war/political risk insurance mechanisms. These measures will help stimulate economic growth and attract international companies interested in entering the Ukrainian market.
FIT for Ukraine: innovative investments program has been designed to present the landscape of the investment market in Ukraine, pipeline of projects that seek investment, the most current investment success cases, and preliminary findings of the analytical report on the topic that was initiated by UkraineInvest with the support of the UNDP, and other reputable international organizations
Time: 16:00-18:00 (Kyiv)
Speakers:
Organised by:
UkraineInvest – Government of Ukraine Investment Promotion Office.
Since 2020 we:
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Moderator:
In January-May this year, scrap metal companies have reduced the procurement of scrap metal by 33.5% compared to the same period last year – up to 444.3 thousand tons.
As reported in the operational information of the Ukrainian Association of Secondary Metals (UAVtormet), the export of scrap metal during this period amounted to 77.5 thousand tons compared to 25.2 thousand tons in January-May 2022 (an increase of 3.1 times). In this case, the import of scrap amounted to 0.03 thousand tons, compared to 0.1 thousand tons in the first five months of last year.
Scrap shipments to the country’s metal companies in January-May 2023 decreased by 44.3% compared to January-May 2022 – to 345.7 thousand tons from 620.7 thousand tons.
As of June 1, 2023, the level of scrap metal stock at Ukrainian metal companies was estimated at 25-30 thousand tons.
As reported, Ukraine in 2022, reduced the procurement of scrap metal by 75.9% compared to the previous year – up to 996.7 thousand tons from 4.136 million tons. The export of scrap metal last year was 53.6 thousand tons, which is 11.5 times less than in 2021 (615.7 thousand tons). At the same time the import of scrap was 1.8 thousand tons, compared to 23 thousand tons in 2021.
Scrap supplies to steel companies in the country last year decreased by 73% compared to 2021 – to 895.7 thousand tons from 3 million 323.4 thousand tons.
“UAVtormet predicts that this year the procurement of scrap ferrous metals in the amount of 1.2-1.25 million tons. In addition, it is projected that in 2023, the supply of scrap metal to metal companies of the country will amount to 950-1000 thousand tons. Scrap exports are expected to amount to 180-200 thousand tons, while imports are expected to amount to 0.2-0.5 thousand tons. Steel output in 2023 will be 4.8-5.2 million tons.
Nikolaev Mayor Alexander Senkevich reported a decrease in water level in the Bug estuary near Nikolaev by 6 cm for the night from Sunday to Monday, the water level as of 8:00 on Monday is 55 cm.
“Overnight, the water level in the water area of Nikolaev has decreased by another 6 cm. As of 8:00 we have a mark of +55 cm,” – wrote Senkevich in Telegram.
As reported, the water level in the water area of Nikolaev as of 21:00 on Sunday was 61 cm.
Export of important goods from Ukraine in Jan-Mar 2023 in relation to 2022
Source: Open4Business.com.ua and experts.news
Moldova will provide Ukraine with assistance worth 4.2 million lei (about 220,000 euros) to eliminate the environmental and humanitarian consequences of the Kakhovka hydroelectric dam explosion. A decree to that effect by the National Commission for Emergency Situations was published on the Moldovan government website.
The aid package will include water pumping stations, inflatable boats, food and equipment necessary to alleviate the consequences of the flood.
It is noted that the equipment will be provided from the reserves of the General Inspectorate of Emergency Situations and the Material Reserves Agency.
