Business news from Ukraine

Business news from Ukraine

Eurozone GDP unchanged in Q4

Eurozone GDP in the fourth quarter of 2023 was unchanged from the previous three months, according to final data from the European Union’s statistics office (Eurostat).

In annual terms, the eurozone economy grew by 0.1%.

The dynamics of both indicators coincided with the previously announced data and expectations of experts surveyed by Trading Economics. For comparison, in the third quarter, the eurozone GDP declined by 0.1% quarter-on-quarter and grew by 0.1% in annual terms.

Consumer spending in October-December rose 0.1% quarter-on-quarter, government spending rose 0.6% and business investment rose 1%. The volume of exports remained unchanged, imports – increased by 0.6%.

The eurozone economy grew by 0.4% for the whole of 2023, according to the final Eurostat data. Thus, the rate of upturn slowed significantly from 3.4% in 2022.

The European Union’s GDP in the fourth quarter was unchanged from the previous three months and grew by 0.2% in annualized terms. At the same time, the volume of the EU economy for 2023 increased by 0.4% after an increase of 3.4% a year earlier (i.e. the dynamics of both indicators coincided with changes in GDP of the euro area).
Earlier, the information and analytical center Experts Club detailed the macroeconomic situation in Ukraine and in the world – as follows

Forecast of changes in discount rate of National Bank of Ukraine, %

Forecast of changes in discount rate of National Bank of Ukraine, %

Source: Open4Business.com.ua and experts.news

Demand for new buses in Ukraine increased by 23%

Initial registrations of new buses (including minibuses) in Ukraine in February 2014 increased by 22.7% compared to February last year, to 108 units, according to statistics released by Ukravtoprom.

At the same time, the demand for buses decreased by 9.2%, or 11 vehicles, compared to January 2014.

According to the report, the Ukrainian Ataman was the market leader with 40 buses registered: in February last year, it was second with 22 vehicles. The second place went to Etalon, the leader of last February, whose registrations decreased by 14 units to 30 buses.

Citroen took the third place, just like a year earlier, with 10 buses (one more), and Volkswagen was fourth again with 9 vehicles (5 units more).

Ford rounds out the top five with eight buses registered, compared to three a year earlier. In February last year, the top five was closed by Ukrainian ZAZ, but in February of this year, these buses were not registered.

At the same time, registrations of Turkish buses in February by Temsa amounted to only 1 unit against 13 in January this year. This brand reportedly plans to significantly strengthen its position in Ukraine, particularly in the school bus segment.

Thus, in January-February 2024, the first registrations of buses in Ukraine decreased by 30.6% compared to the same period in 2023 – to 227 units.

In 2023, the total number of new bus registrations of all classes in Ukraine amounted to 1,701 units, which is 86% more than in 2022.

,

GTSOU to create 167 new mobile crews to maintain gas distribution stations

“In 2024, Gas TSO of Ukraine will create 167 new mobile teams to service gas distribution stations (GDS), the company’s press service reports.

According to it, the equipment maintenance and repair project is part of GTSOU’s strategy to improve the reliability and efficiency of the gas transmission system.

Currently, 43 mobile teams are working within its framework, each of which serves its own “bush” – several gas distribution stations and the adjacent linear part of gas pipelines. In 2024, the maintenance teams will service 819 GDSs.

A similar practice of gas infrastructure maintenance is used in Europe. In particular, GTSOU was guided by the experience of the Italian operator Snam, which maintains not only GDSs, but also the linear part and compressor stations in this way.

“Mobile maintenance is an efficient use of resources through the involvement of personnel in servicing, first of all, gas distribution systems. The application of this approach involves a number of measures, including a significant improvement in the condition of the gas distribution system. If the technical condition of the facility allows us to change the form of maintenance, we include it in the service area of the mobile maintenance unit,” explained Yuriy Zyabchenko, Chief Engineer of GTSOU.

To ensure that the work of mobile teams meets the standards of European operators, is automated and transparent, GTSOU requested and received technical assistance from USAID through the Energy Security Project to purchase a mobile application.

“Already in 2024, mobile teams will use the mobile application in their work as the main tool for recording information on the technical condition of equipment. This will help improve the quality of maintenance and repair of gas infrastructure and reduce the number of emergency shutdowns,” the operator reminded.

,

March 12 in Kiev rain with transition to wet snow

In Kiev region on Sunday, March 10, variable cloudiness, without precipitation, reports Ukrhydrometcenter. The wind is south-eastern with a transition to northeastern, 5-10 m/s.

The temperature at night 0-5° frost, during the day 4-9° heat.

In Kiev, cloudy with clearings, no precipitation. The wind is south-eastern with a transition to northeastern, 5-10 m/s. The temperature at night 0-2° frost, during the day 5-7° warm.

March 11-12 in Kyiv region is cloudy with clearing. March 11 without precipitation; March 12 – rain with transition to wet snow.

The wind is southeast, 7-12 m/s.

The temperature at night from 2° warm to 3° frost, during the day 1-6° warm.

In Kiev, cloudy with clearings, no precipitation on March 11, rain with change to wet snow on March 12.

The wind is southeast, 7-12 m/s. Temperatures at night and in the afternoon 0-2° warm, in the afternoon on March 11 4-6° warm.

On March 13-14 in Kiev region wet snow and rain.

Temperatures at night and in the daytime from 1° frost to 4° warm.

In Kiev, wet snow and rain, the temperature at night and in the daytime 1-3 ° warm.

, ,

Ukrainian enterprises in January-February increased output of rolled products by 53%

Ukrainian metallurgical enterprises according to the results of work in January-February of the current year increased production of total rolled products, according to operational data, by 52.5% compared to the same period last year – up to 900 thousand tons from 590 thousand tons.

According to the information of Ukrmetallurgprom association on Friday, during this period steelmaking increased by 52% against January-February-2023 – up to 1.076 million tons from 708 thousand tons.

Iron smelting increased by 42.5% to 1.050 million tons from 737,000 tons.

As reported, in January-2024 increased output of total rolled products by 75.9% y-o-y to 453,000 tons from 257,000 tons, steel by 91.6% to 544,000 tons from 284,000 tons, pig iron by 44.5% to 555,000 tons from 384,000 tons.

Ukraine in 2023 increased production of total rolled products by 0.4% compared to 2022 – to 5.372 million tons, but decreased steel production by 0.6% – to 6.228 million tons, pig iron by 6.1% – to 6.003 million tons.

Ukraine in 2022 reduced production of total rolled products by 72% compared to 2021 – to 5.350 million tons, steel by 70.7% – to 6.263 million tons, pig iron by 69.8% – to 6.391 million tons.

For 2021, 21.165 million tons of pig iron (103.6% to 2020), 21.366 million tons of steel (103.6%), 19.079 million tons of rolled products (103.5%) were produced.

, ,