Ukrainian enterprises increased their consumption of rolled products by 18.7% in January and February 2021, year-over-year, to 766,000 tonnes.
According to a press release from the Ukrmetallurgprom association on Monday, some 110,000 tonnes were imported during this period, or 14.4% of the internal market for the consumption of rolled metal.
“In January and February 2021, the capacity of the internal market amounted to 766,000 tonnes of rolled metal, of which 110,000 tonnes, or 14.4%, accounted for imports. In January and February 2020, the capacity of the internal market was 645,300 tonnes, of which 163,300 tonnes, or 25.3%, were imported. Thus, in January and February 2021, there is an increase in the capacity of the internal market of rolled metal relative to January and February 2020 by 18.7% with a simultaneous decrease in the share of imported component by 10.95%,” the company said in the press release.
In addition, it is noted that the structure of imports in January and February 2021 is characterized by the dominance of flat products over long products (54.55% and 42.82%, respectively); in January and February 2020, on the contrary, the dominance of long products over flat products was observed (54.87% and 42.56%, respectively).
According to Ukrmetallurgprom, in January and February 2021, Ukrainian metallurgical enterprises produced 3.15 million tonnes of rolled metal (100.3% year-over-year), of which about 2.49 million tonnes were exported, or 79.2%. In January and February 2020 the share of exports was 84.7% (2.66 million tonnes with a total production of 3.14 million tonnes of rolled metal).
The share of semi-finished products in export deliveries accounted for 48.84% over two months of 2021, which is slightly lower than the indicator for the same period in 2020 (50.34%). Share of flat products in export deliveries in January and February 2021 significantly higher, year-over-year (35.97% and 30.55%, respectively). The share of long products in export deliveries in January and February 2021 noticeably inferior to the indicator for the same period in 2020 (15.20% in 2021 against 19.11% in 2020).
In January and February 2021 the main export markets of Ukrainian metal products were the countries of the European Union (29.9%), other European countries (23.5%) and the Middle East (9.9%).
Among metallurgical importers the CIS ranks first (53.2%), the EU-27 ranks second (24.9%), and Asian countries rank third (11.6%) over the first two months of 2021.
Motor (Transport) Insurance Bureau of Ukraine (MTIBU) introduces from March 16, 2021 new tariffs for Green Card policies for those traveling abroad by road.
According to a statement on the bureau’s website, MTIBU recalculated the cost of Green Card insurance certificates, which are being introduced downward, by an average of 4.6%
According to MTIBU, the cost of Green Card for 15 days for travel in Europe for passenger cars is reduced to UAH 807 (previously, UAH 846), for buses up to UAH 3,034 (UAH 3,180), for trucks up to UAH 1,905 (UAH 1,996).
Now, the cost of Green Card for one month is UAH 1,285 for cars (previously, UAH 1,347), some UAH 4,214 for buses (UAH 4,417), some UAH 2,528 (UAH 2,650) for trucks.
The cost of the semi-annual and annual Green Card policies for cars is UAH 4,850 and UAH 7,066, respectively, for buses is UAH 14,751 and UAH 27,396, for trucks is UAH 11,970 and UAH 22,591.
The cost of policies for trips to Azerbaijan, Belarus, Moldova and Russia for passenger cars is UAH 588 for 15 days, some UAH 865 for one month, some 1,984 for six months, some UAH 2,825 for a year.
The latest tariff changes were on January 4, 2021 upward by 3.8%, upward by 3.3% on October 19, 2020, upward by 3.1% on August 3, 2020, by 3.8% on July 24, by 3.5% June 16.
The Green Card policies have been implemented since 2009 of two types: all of Europe; Belarus, Moldova and Russia. From January 1, 2016, the Ukrainian Green Card policies started to operate on the territory of Azerbaijan.
The sizes of single insurance payments under the contracts of international compulsory insurance of civil liability of owners of land vehicles were established by a resolution of the Cabinet of Ministers dated January 6, 2005 and are determined in euros.
President of Ukraine Volodymyr Zelensky signed law No. 1235-IX on Ukraine’s accession to the Enlarged Partial Agreement on Cultural Routes, which the Verkhovna Rada adopted on February 16, 2021, and which allows Ukraine not only to participate in cultural routes, but also to promote its own historical and cultural heritage.
“We have a wonderful country, very multifaceted and interesting. But, unfortunately, due to bad roads and lack of attention from the state to our historical monuments, Ukraine was almost not present on the tourist routes of Europe. But we will change that. This year, within the framework of Big Construction we are starting the Big Restoration project, which is aimed at the restoration of historical and cultural sites in Ukraine. So that both Ukrainians and foreign tourists can see the beauty and cultural diversity of Ukraine. We are building roads, improving the management of cultural heritage sites and joining the European agreement on cultural routes so that people both inside and outside the country learn more about Ukraine,” Zelensky said.
The Enlarged Partial Agreement on Cultural Routes was confirmed by Resolution CM / Res (2013) 66 in the city of Strasbourg. This agreement aims to create a common cultural space in Europe by raising awareness of cultural heritage, promoting cultural dialogue in Europe, and through cross-border tourism.
Some 34 countries are parties to the agreement, and partners are the European Union and the World Tourism Organization (UNWTO).
Some 40 European cultural routes, which run in more than 50 countries, have received the Cultural Route of the Council of Europe certification as a quality distinction. Three European cultural routes now pass through the territory of Ukraine.
Gazprom has booked additional transit capacity via Ukraine for March at a similar volume to its additional booking for February, according to the monthly auction results on the Regional Booking Platform (RBP).
Russia’s state-owned gas company has a long-term booking capacity of 40 billion cubic meters via Ukraine for 2021 at 109 million cubic meters per day, having booked an additional 14.2 million cubic meters per day at the auction for a total of 123.2 million cubic meters per day.
Gazprom on Monday booked additional transit capacity for April on the RBP, having requested 14.2 million cubic meters per day of the 15 million cubic meters per day offered, which was exactly the same result as the auctions for March and February.
The state-owned gas company in March has been pumping an average of 114.7 million cubic meters per day via Ukraine at a minimum of 101.2 million cubic meters per day and at a maximum of 120.3 million cubic meters per day, which has nearly reached the booked maximum.
Gazprom pumped an average of 124.51 million cubic meters per day via Ukraine in January 2021, and 104 million cubic meters per day in February.
JSC Koblevo (Mykolaiv region), one of the largest wineries in Ukraine, in 2020 increased its net profit by 24.1% compared to 2019, to UAH 24.76 million.
According to the company’s statement in the information disclosure system of the National Securities and Stock Market Commission, its assets for the year decreased 3.3%, to UAH 375.15 million, and retained earnings grew 2.2 times, to UAH 44.71 million.
The total accounts receivable at the end of the year increased by a quarter, to UAH 44.76 million.
The company announces an annual meeting of its shareholders scheduled for April 29, in the agenda of which it is planned to leave undistributed net profit received in 2020.
According to the unified public register of legal entities and private entrepreneurs, Sviatoslav Nechytailo is the ultimate beneficiary of JSC Koblevo.
Winery Koblevo is a part of Bayadera Group created in 1991. The group unites core assets in the alcohol industry – distribution companies and its own production of alcoholic beverages in Ukraine and Belarus, wines, vermouths and cognacs, and is also the exclusive importer of global alcohol brands in Ukraine.
Eurohold Bulgaria, one of the leading independent financial and insurance groups in South-Eastern Europe, has raised $31 million from the investment fund Global Emerging Markets Group (GEM, Luxembourg), according to a press release from Euroins Ukraine (Kyiv).
According to him, the parties have already signed a commitment agreement. The investment was provided on the basis of equity financing through the purchase of shares in the Bulgarian holding.
The raised funds will be used by Eurohold to acquire the companies of CEZ Group in Bulgaria – one of the largest exporters of electricity in Eastern Europe, as well as to develop its insurance business. The long-term strategic goal of Eurohold is to become one of the leading independent financial service providers and energy market operators in Southeast Europe.
“We are pleased that GEM has decided to invest in our holding and support our investment strategy. The agreement with GEM is a sign of confidence in the quality of management and the chosen vector of development of our company,” Vasil Stefanov, the head of M&A department at Eurohold, said.
As reported, on January 19, the Bulgarian Energy and Water Regulatory Commission issued a permit to the financial and insurance holding Eurohold Bulgaria to purchase seven Bulgarian subsidiaries of CEZ Group.
GEM investment fund, Luxembourg, was founded in 1991 and manages assets in the amount of $3.4 billion. It specializes in investment instruments for emerging markets. To date, the fund has over 400 transactions in 70 countries around the world. The fund’s offices operate in New York, Los Angeles, Paris, Nassau (the Bahamas).
Eurohold Bulgaria, Sofia, was founded in 1996 and is one of the largest independent financial groups in the region of Central, Eastern and South-Eastern Europe. Eurohold Bulgaria shares are listed on the Warsaw Stock Exchange and the Bulgarian Stock Exchange.
Insurance is the largest segment in the portfolio of activities and the main source of income for Eurohold Bulgaria. Euroins Insurance Group (EIG), a member of the holding, is consolidating its operations in the regional insurance markets. The group operates in 11 countries and has subsidiaries in Bulgaria, Ukraine, Romania, North Macedonia, Georgia, Russia and Belarus. EIG has over 4 million customers and over 3,000 employees.
Eurohold’s business in Ukraine is represented by two insurance companies: Euroins Ukraine and European Travel Insurance.
