Official rates of banking metals from national bank as of March 30
One troy ounce=31.10 grams
National bank of Ukraine’s official rates as of 30/03/20
Source: National Bank of Ukraine
First Ukrainian International Bank (FUIB) abolished fees for external and internal payments in national currency for all FUIB business clients.
Starting from March 30, 2020 and for the entire period of quarantine, the Bank’s business clients, regardless of the business segment, will be able to make all types of payments during the operational time without additional costs.
“Today, Ukrainian business faces a strategically important task to set up its operations in new circumstances, to find other channels of purchases and sales, controlling and optimizing its costs at the same time. However, without mutual understanding, support and synergy, including such from the banks, it will be difficult to achieve. We are aware of this, which is why we have decided to support all of our business clients by canceling the fee for making external and internal payments in national currency. The bank will continue to develop measures that will help entrepreneurs to go through the quarantine period with minimum losses,” says FUIB’s Deputy Chairman of the Board of corporate business Serhiy Mahdych.
Ukraine in February 2020 increased production of steel by 1.2% compared to the same period in 2019, to 1.709 million tonnes, falling from the 12th to 13th place, but retaining the 12th position according to the results of two months of this year in the ranking of 64 countries, the main global manufacturers of these products, compiled by the World Steel Association (Worldsteel).
In February 2020 from February 2019, an increase in steel production was recorded in most countries of the top ten, except for Russia, Germany and Brazil.
The top ten steel producing countries according to the results of February is as follows: China (74.773 million tonnes, an increase of 5%), India (9.560 million tonnes, an increase of 1.5%), Japan (7.916 million tonnes, an increase of 2.2%), the United States (7.168 million tonnes, an increase of 3%), the Russian Federation (5.615 million tons, a drop of 2.3%), South Korea (5.380 million tonnes, an increase of 2.1%), Germany (2.920 million tonnes, a decrease of 12%), Turkey (2.851 million tonnes, an increase of 8.2%), Iran (2.710 million tonnes, an increase of 34.3%), and Brazil (2.704 million tonnes, a decrease of 1.3%).
They are followed by Italy (2.046 million tonnes, an increase of 0.1%), Vietnam (1.780 million tonnes, an increase of 24.4%), Ukraine (1.709 million tonnes, an increase of 1.2%), Taiwan (1.590 million tonnes, a decrease of 5.5%), and Mexico (1.340 million tonnes, a decline of 19.3%).
In February 2020, some 64 countries produced 142.396 million tonnes of steel, which is 2.1% more than in February 2019.
The Agroliga Group (Kharkiv region) saw EUR 6.75 million in net profit in 2019, which is 17.3% more than in 2018.
According to a report of Agroliga Group Plc on the Warsaw Stock Exchange, revenue soared 2.3 times, to EUR 50.44 million.
Gross profit last year increased 1.8 times compared to the previous year, to EUR 10.61 million, operating grew by 34.2%, to EUR 8.02 million.
Earnings before interest, taxes, depreciation and amortization (EBITDA) in 2019 increased 1.6 times, to EUR 11.2 million.
Assets of Agroliga in 2019 increased 1.6 times and as of December 31, 2019 amounted to EUR 66.91 million. Net debt at the end of the year increased 42.6%, to EUR 30.62 million.
Agroliga has been operating in the Ukrainian market of agricultural products since 1992. Its enterprises are engaged in production, processing and sale of grains and oilseeds.
Private joint-stock company AVEC and Co. concern (Kharkiv) of businessman Oleksandr Feldman cut net loss by 12% in 2019, to UAH 133 million.
According to a company report in the information disclosure system of the National Securities and Stock Market Commission on the annual general meeting of shareholders scheduled for April 27, net loss per share in 2019 was UAH 16.41.
The uncovered loss in 2019 increased 11.1% compared to the previous year and amounted to UAH 1.32 billion.
The total accounts receivable of the company decreased 26.4%, to UAH 671.6 million. At the same time, the company’s noncurrent liabilities increased 19.7%, to UAH 1.34 billion, while current liabilities slightly decreased to UAH 1.31 billion.
At the end of 2019, the assets of the company increased 4.1%, to UAH 2.13 billion.
In addition, the shareholders intend to change the composition of the supervisory board, terminating the powers of the shareholders Viktor Larchenko, Oleksandr Feldman, Valeriy Bahinsky and Maksym Vodka.
PrJSC AVEC and Co. concern has been operating in the Ukrainian market since 1987. It specializes in retail and commercial real estate management (since 1994), development, financial activities, as well as transportation, media business and other spheres.
