Business news from Ukraine

Business news from Ukraine

Gold and silver prices continue to rise

The price of gold has exceeded $3,110 per ounce for the first time, and silver is trading at its highest level in 13 years due to increased investor interest in safe-haven assets amid tense global trade, Trading Economics reports.

US President Donald Trump is expected to unveil a plan on Wednesday to increase import duties on products from a number of countries.

Quotes of April gold contracts on the Comex exchange on Monday rose by 1% to $3118 per ounce. Since the beginning of this year, the rise is about 18%, a record quarterly increase since 1986.

Goldman Sachs analysts expect prices to reach $3300 per ounce by the end of the year.

Silver rose by 0.6% to $34,855 per ounce.

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Ukraine ranked 80th out of 147 countries in security rating

According to the 2025 World Security Ranking compiled by Numbeo, Ukraine ranked 80th out of 147 countries evaluated. This indicator reflects the level of security in the country based on surveys of residents and tourists, taking into account their personal feelings and perceptions of the crime situation.

Positions of large and neighboring countries:

China: 15th place

Slovakia: 32nd place

Russia: 51st place

Italy: 79th place.

USA: 89th place.

Belarus: 91st place.

France: 110th place.

Leaders and outsiders of the rating: Andorra is recognized as the safest country, followed by the United Arab Emirates and Qatar. Venezuela, Papua New Guinea, and Haiti are at the bottom of the list, where the crime rate, according to respondents, is the highest.

The Numbeo rating is based on data provided by portal users and reflects the subjective perception of security in different countries. It takes into account factors such as the feeling of safety on the streets at different times of the day, fears of different types of crime and discrimination.

It is important to note that such ratings do not always fully reflect the objective situation, as they are based on the subjective assessments of respondents. Nevertheless, they can serve as a guide to understanding the general perception of security in a country.

Source: https://www.numbeo.com/crime/rankings_by_country.jsp?title=2025&displayColumn=1

Khimmash’s profit decreased by 2.4 times to UAH 4.22 mln in 2024

Korosten Chemical Engineering Plant JSC (Khimmash, Zhytomyr region) ended 2024 with a net profit of UAH 4.22 million, which is 2.4 times less than the same figure for 2023 (UAH 10.18 million), according to the information on the agenda of the general shareholders’ meetings for 2023 and 2024.

According to the draft resolutions of the meeting scheduled for April 29, it is planned to allocate 5% of net profit for each year (UAH 0.51 million for 2023 and UAH 0.21 million for 2024, respectively) to the company’s reserve fund, while UAH 9.67 million and UAH 4 million will be used to cover losses of previous years.

The shareholders also plan to approve the company’s financial and economic results for two years, reports of the management bodies, and give preliminary consent to a number of transactions.
Founded in 1949, Khimmash specializes in the manufacture of heat exchangers, condensers, refrigerators and evaporators for the oil refining, petrochemical and chemical industries, air cooling units, refrigeration and cryogenic equipment, and heating boilers.

According to the company’s website, in 2024, the plant increased production by 53.5% and exported almost 50% of its products.
“The main task in 2025 is to maintain and increase the achieved result. We plan to gradually upgrade and modernize industrial equipment and expand production capacity. A significant amount of investment will be directed to increase the construction of solar power plants,” the website says.

According to the company, in the fall of 2024, it launched the second stage of its own solar power plant, and currently has two substations with a total capacity of 420 kW, which allows it to fully provide electricity for the production cycle.

Helios Strategia (Dnipro) was the contractor for the construction of the solar power plant. The plants are currently operating on a backup basis only.

According to the National Securities and Stock Market Commission, as of the third quarter of 2024, more than 98% of the authorized capital of Khimmash JSC belongs to the local Tis-Company LLC, and the ultimate beneficiary, according to the Clarity Project, is entrepreneur Motrona Tyshchenko, who, in particular, is the beneficiary of the Zhytomyrski Lasoshchi Trading House.

In 2024, the Korosten-based Khimmash plant increased its revenue by 17% compared to 2023, to UAH 167 million.

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Inflation accelerated in Italy in March

Consumer prices in Italy, harmonized with European Union standards, rose by 2.1% year-on-year in March, according to preliminary data from the Istat statistical agency. The rate of increase accelerated from 1.7% in February and became the highest in a year and a half (since September 2023).

Analysts on average had forecast a 1.9% rise this month, according to Trading Economics,

The increase in consumer prices in March compared to the previous month amounted to 1.6% (after an increase of 0.1% in February).

Consumer prices in Italy, calculated according to local standards, increased by 2% yoy (also the highest in a year and a half) after rising by 1.6% in February.

Energy prices went up by 1.3%, tobacco products by 4.6%, food by 3.3%, and communication services by 0.8%.

Core inflation (excluding volatile energy and food prices) amounted to 1.7% in annual terms this month.

http://relocation.com.ua/v-italii-v-berezni-pryskorylasia-inflia/

 

 

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Milk prices in Ukraine decreased by 13.5% in February after peaking in December

Average monthly milk prices in February 2025 continued to decline and after a peak in December 2024 fell to 17.3 UAH/kg, and as of the end of the month dropped to 17 UAH/kg, according to the Union of Dairy Enterprises of Ukraine (UDEP).

According to the report, the price level of February 2025 was 13.5% lower than the price level of December 2024 and 16.5% higher than the price level of February 2024.

At the same time, the average price for milk in February 2025, expressed in euros (for the domestic quality basis), amounted to almost EUR 40/100 kg – against EUR 45.7 in December 2024 and EUR 42.7 in January 2025.

In February 2025, the average price, expressed in euros and converted to the euro basis, fell below EUR47/100 kg, down from EUR53.7 in December 2024 and EUR50.2 in January 2025.
The price level in February 2025 (in terms of EUR) was 13% lower than the price level in December 2024 and 10% higher than the price level in February 2024.

The ratio between the price levels in Ukraine and the EU and Polish averages in February 2025 was 87.5% to the EU average (in November-December 2024 it was over 98%), and 87% to the Polish average.
According to experts, the respective ratios have “rolled back” to the level of September 2024, and the competitiveness of domestic dairy products increased in February 2025.

According to the UMPA, the situation with milk prices in other regions of the world is as follows: in the United States and Brazil, the price increased to EUR 51 and EUR 42.5, respectively, in New Zealand, prices stabilized at EUR 41.5.

President of National Assembly of Slovenia arrives in Kyiv on visit

The President of the National Assembly of the Republic of Slovenia Urška Klakočar Zupančič has arrived in Ukraine, the Embassy of Slovenia in Ukraine reports.

“The President of the National Assembly of the Republic of Slovenia, Urška Klakočar Zupančič, has arrived in Ukraine on a visit to take part in the parliamentary summit,” the Embassy said in a statement on social media platform X on Monday.

Upon her arrival at the railway station in Kyiv, she was met by the Speaker of the Verkhovna Rada of Ukraine Ruslan Stefanchuk.

Source: https://interfax.com.ua/news/diplomats.html