Business news from Ukraine

Business news from Ukraine

UKRAINE RAISES CATCH OF AQUATIC BIOLOGICAL RESOURCES BY 4.8% IN JAN-APR 2021

The catch of fish and other aquatic biological resources by fisheries of Ukraine in January-April 2021 increased by 4.8% compared to January-April 2020, to 23,210 tonnes, of which ocean catch on the territory of other states increased by 11%, to 18,280 tonnes.
According to a press release of the State Fisheries Agency of Ukraine on Tuesday, during the specified period, the catch of fish and other aquatic biological resources increased in the reservoirs of the Dnipro River by 9%, to 988 tonnes, the Azov Sea – 827 tonnes (more by 48%), the Danube River – 325 tonnes (more by 70%), the Black Sea – 300 tonnes (more by 41%), and the Dnipro-Bug Canal – 174 tonnes (more by 22%).
The State Fisheries Agency said that industrial fisheries caught 497 tonnes of aquatic biological resources in the lower reaches of the Dniester River with the estuary and the Kuchurhan reservoir and 10 tonnes of aquatic biological resources were caught in the Black Sea estuaries.
The agency said that special fisheries combining elements of aquaculture and industrial fish catch operate in Ukrainian lakes and water reservoirs, which have caught 1,100 tonnes of aquatic biological resources in the first four months of 2021, which is 32.4% less than in the first four months of 2020.

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UKRAINE RAISES IMPORT OF COKING COAL

Coke and chemical plants of Ukraine in January-April of this year imported 3.13 million tonnes of raw coking coal and coking coal concentrate, which is 1.9% more than in the same period last year.
According to the information report of the Ukrmetalurgprom association, the supply of Ukrainian coal mined during this period amounted to 1.27 million tonnes, which is 0.3% more than in the same period last year.
In general, in January-April 2021, Ukrainian coke and chemical plants received 4.4 million tonnes of coal for coking, which is 1.4% more compared to January-April 2020. At the same time, the share of imported coals in the total supply amounted to 71% versus 70.7% in January-April 2020.
Some 2.725 million tonnes of coke (101.3% versus January-April 2020) were supplied to Ukrainian metallurgical enterprises, including 2.683 million tonnes of Ukrainian origin (100.3%), and 42,000 tonnes of imported coke (2.8 times more than in January-April 2020). The share of imported coke in the total supply amounted to 1.54% versus 0.56% in January-April last year.
In addition, in January-April 2021, some 1.187 million tonnes of scrap metal were procured (130.1% compared to the same period in 2020), of which 1.1 million tonnes (122.1% compared to January-April 2020) were supplied to domestic consumers as imported. Exports of scrap metal in January-April 2021 amounted to 87,000 tonnes (750% compared to the same period in 2020).
It is noted that the provision of metallurgical enterprises with Ukrainian iron ore raw materials for the specified period was carried out in accordance with the needs of metallurgical production. The iron ore was not imported. Iron ore exports in January-April 2021 amounted to 14.21 million tonnes (92% compared to the same period in 2020).
According to the updated data of Ukrmetalurgprom, in January-April of this year, enterprises produced 11.037 million tonnes of sinter (107% versus January-April 2020), some 3.251 million tonnes of gross coke with moisture content 6% (101.1%), some 7.073 million tonnes of cast iron (109%), some 7.136 million tonnes of steel (107.2%), some 6.39 million tonnes of rolled products (107%), and 290,000 tonnes of pipe products (105.2%).
As of May 13, 2021, of the main operating production facilities 17 out of 21 blast furnaces, seven out of eight open-hearth furnaces, 12 out of 16 converters, five out of 15 electric furnaces and 15 out of 17 continuous casting machines were in operation.

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UKRAINE CAN EXPORT DAIRY PRODUCTS AND MILK TO KUWAIT

The Ministry of Foreign Affairs of Ukraine and the State Service for Food Safety and Consumer Protection have agreed with the competent authority of the State of Kuwait on the form of an export veterinary certificate for the supply of milk and dairy products to this country, the state food service said in a press release on Tuesday.
“The Gulf region, in particular Kuwait, is of interest to many Ukrainian food producers. I am pleased to announce that today we have created additional opportunities for them to earn money in this market thanks to the joint work of the Ministry of Foreign Affairs and the State Food Service. In the long term, this will also strengthen Ukraine’s position as a supplier of agricultural and food products to Kuwait,” Ukrainian Foreign Minister Dmytro Kuleba said.
The form of this certificate is posted on the website of the State Service for Food Safety and Consumer Protection.
“The work on opening new export markets is extremely important, since an increase in Ukrainian exports is a guarantee of the economic growth of our state,” Head of the service Vladyslava Mahaletska said.

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UKRAINIAN PRESIDENT WANTS TO INCREASE ARMED FORCES BY 11,000 SERVICEMEN

Ukrainian President Volodymyr Zelensky has submitted to the Verkhovna Rada a bill to increase the number of servicemen in the Armed Forces by 11,000, and the relevant bill has been published on the website of the Verkhovna Rada.
“The bill proposes increasing at the legislative level the number of servicemen in the Ukrainian Armed Forces by 11,000 to ensure the functioning of a separate branch of the army, that is, the territorial defense forces, as well as the further development of the resistance system,” the explanatory note to the bill reads.
Thus, the president suggested approving the number of Armed Forces personnel in an amount not exceeding 261,000, including 215,000 military personnel.
According to the bill, during any special period, the size of the Ukrainian army is increased by the number of personnel called up for military service in pursuance of presidential orders on mobilization approved by the law.
Currently, the Ukrainian Armed Forces should not exceed 250,000 people, including 204,000 servicemen.

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TAS INCREASES PAYMENTS BY 55% IN APR

TAS Insurance Group (Kyiv) paid out UAH 101.57 million of compensation under concluded insurance contracts in April, which is 55.4% more than the corresponding figure for the second month of spring 2020, according to the insurer’s website.
According to a press release, 39.08% of the company’s payments in April fell, in particular, on OSAGO (UAH 39.7 million), which is 56.8% more than in the reporting period last year.
In turn, the share of KASKO in the April portfolio of the insurer’s payments amounted to 32.02%, or UAH 32.53 million (more by 62.3%)
Even more – by 95.1% – the volume of payments under voluntary medical insurance contracts increased: UAH 16.84 million were paid under them in April, which is 16.58% of the total amount of the insurer’s indemnities for the specified period.
According to Green Card policies, TAS paid UAH 10.39 million in April, which is 10.23% of the company’s total payments for the month and is 12.9% more than the corresponding figure for the reporting period of 2020.
Under other insurance contracts, TAS Insurance Group paid out UAH 2.11 million of indemnities in April.

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EBRD TO PROVIDE EUR 20 MLN SENIOR SECURED LOAN TO WINNER IMPORTS UKRAINE

The European Bank for Reconstruction and Development (EBRD) will provide a EUR 20 million senior secured loan to Winner Imports Ukraine LLC, Ukrainian importer and retailer of several well-known international vehicle brands. The money will be invested in sustainable dealerships for Renault and Volvo.
As reported on the bank’s website on Tuesday, the loan was approved by the EBRD’s board of directors on May 18. Financing will focus on green economy transition and circular economy through investments in dealerships, expansion of client’s logistic capacities, distribution and service infrastructure for vehicles, including electric.
“All building financed by the Bank will obtain BREEAM or EDGE sustainable certification. Project contributes to the adoption of advanced green practices in a country where such standards and practices are still uncommon, for instance, according to the latest data, only 12 BREEAM certificates have been issued in Ukraine to date with only one certificate issued in the retail category,” the EBRD said.
The total cost of the project is EUR 43 million, but the sources of co-financing are not given.
Winner Imports Ukraine LLC, part of Winner Group, is the official importer of Ford, Volvo, Jaguar, Land Rover, Porsche and Bentley, SAIC Motor vehicles in Ukraine.
In addition, in 2020, the company became an official dealer of the Renault auto brand, since the spring of the same year it began to provide services for cars of this brand in its multi-brand center Winner Automotive, and has planned to open a Renault concept dealership this year.
Winner Group Ukraine has been operating in the Ukrainian market for over 28 years, during this time more than 140,000 cars have been sold and more than 50 dealer centers have been opened in Ukraine.

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