Business news from Ukraine

Business news from Ukraine

DNIPROSPETSSTAL INCREASES PRODUCTION OF ROLLED PRODUCTS BY 19%

Electrometallurgical plant Dniprospetsstal (Zaporizhia) in January-April this year increased the output of finished rolled products, according to operational data, by 19.1% compared to the same period last year – up to 56,000 tonnes.
Steel production during this period increased by 13.4% – up to 76,000 tonnes, the enterprise told Interfax-Ukraine.
In April, 21,000 tonnes of steel were smelted; 14,000 tonnes of rolled products were produced.
As reported, Dniprospetsstal in 2020 increased the output of finished rolled products by 1.3% compared to 2019, to 154,000 tonnes, steel by 2.7%, to 225,000 tonnes.
Dniprospetsstal is the only Ukrainian manufacturer of long products and forgings from special grades of steel: stainless, tool, high-speed, bearing, structural, as well as from heat-resistant nickel-based alloys.

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UKRAINIAN POPULATION BY REGIONS AS OF DEC 30, 2020 (GRAPHICALLY)

UKRAINIAN POPULATION BY REGIONS AS OF DEC 30, 2020 (GRAPHICALLY)

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BURGER KING PLANS TO ENTER UKRAINIAN MARKET

The American fast food chain Burger King will enter the Ukrainian market in 2021, General Manager of Bimbo QSR Ukraine Ihor Mariash has said.

“This year, we hope that such a network as Burger King will enter Ukraine, which was not in the country before, but this year they finally decided to enter,” Mariash said during a roundtable entitled “Investment Law: Projects for First Billion” held on Friday.

According to him, the network has found a partner in Ukraine. At the same time, he did not name the company.

Burger King Corporation was founded in 1954 in the United States. It is one of the largest fast food chains in the world. The network unites 17,000 restaurants around the world.

Bimbo QSR Ukraine is a part of the international bakery holding company Grupo Bimbo. In October 2017, the company bought the East Bolt Ukraine bakery (Dnipro), which produced burger buns for the international fast food chain McDonald’s.

According to many nutritional experts, eating fast food can lead to health problems, watch an expert review of the topic on the Expert Club YouTube channel.

UKRAINE’S FOREIGN TRADE DEFICIT MORE THAN QUADRUPLES IN Q1 2021

The deficit of Ukraine’s foreign trade in the first quarter of 2021 increased 4.3 times, to $1.049 billion from $0.247 billion in the same quarter of 2020, the State Statistics Service said on Friday.
According to the authority, in the first three months of this year, exports of goods and services grew by 7.6%, to $15.785 billion, while imports rose by 12.9%, to $16.834 billion.
As reported, in 2020, the deficit of foreign trade in goods and services of Ukraine amounted to $0.26 billion, which is 93.1% less than in 2019, and is associated with a decrease in the deficit in trade in goods by 54.6%, to $4.88 billion.

INVESTMENTS IN CONSTRUCTION OF GRUPO BIMBO BAKERY IN UKRAINE AMOUNTS $30 MLN

Investments in the construction of a bakery of the international bakery holding company Grupo Bimbo in Kyiv region will amount to nearly $30 million, General Manager of Bimbo QSR Ukraine Ihor Mariash has said.
“Now, our enterprise is located in Dnipro, but we feel that Ukraine is developing and we do not have enough capacity. Therefore, our management has an initiative to build a new bakery in Kyiv region. This will create an opportunity to create 200-300 jobs. Total investment about $30 million is planned,” Mariash said during a roundtable entitled “Investment Law: Projects for First Billion” held on Friday.
According to him, it is planned to build lines for the production of buns, as well as tortilla and toast bread, which are currently not produced in Ukraine.
As Head of the International Relations and Communications Department of UkraineInvest Investment Promotion Office Olena Gitlianska said earlier, the investment company is helping a Mexican investor in finding a site for the construction of a plant in Fastiv.
According to the data of the unified public register of legal entities and private entrepreneurs, Bimbo QSR Ukraine was registered in 2000 by Dutch Bimbo QSR B. V in Dnipro with a charter capital of UAH 297 thousand.
According to the Grupo Bimbo website, it is represented in 33 countries, has 196 factories and a network of 3 million points of sale worldwide. The bakery holding produces about 13,000 names of products under more than 100 brands.

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GROWTH IN PRICES OF INDUSTRIAL PRODUCERS IN UKRAINE SLOWS DOWN TO 1.6% IN MARCH

Prices in the Ukrainian industry in March 2021 increased by 1.6%, while in February – by 7.8%, in January – by 5.2%, the State Statistics Service reported on Monday.
At the end of March 2021, prices in industry increased 26.3% year-over-year, at the end of February – 26.6%, at the end of January 2021 – 17.6%.
In the first quarter of 2021 (compared to the same period in 2020), the growth in prices of industrial producers amounted to 23.5%.
The State Statistics Service said that within Ukraine, prices of industrial producers in March compared with February 2021 increased 0.6%, for deliveries outside the country – 4.7%.
In the mining industry and quarrying in March of this year, compared with the previous month, the price of production grew by 2.3%, the rise in prices in the extraction of metal ores was 5.8%, coal – 1.8%, while in extraction of crude oil and natural gas the products fell by 2% in price.
Prices increased in the production of coke and refined petroleum products by 14.2%, chemicals and chemical products – by 9.9%, in metallurgy – by 4.6%, in the production of intermediate consumption goods – by 4.2%, non-durable goods – by 3.7%, in the processing industry – by 3.8%.
A decrease in prices was recorded in the supply of electricity, gas, steam – by 5.5%, energy production – by 2.9%.

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