Business news from Ukraine

Business news from Ukraine

Results of Ukrainian Squash Championship 2024

On February 10-11, the Ukrainian Squash Championship 2024 took place at the courts of the capital’s Sport Life fitness club in Teremky, bringing together 120 athletes from all over the country. The competition was attended by representatives from Kharkiv, Dnipro, Poltava, Odesa, Kherson, Lviv and other regions of the country.

Anastasia Kostiukova and Denis Podvorny became the champions in the adult category, defeating their rivals by demonstrating a high level of skill and invincible spirit. This victory was especially significant for Denys Podvornyi, as he managed to return to the competition after a year of recovery and win his 7th Ukrainian title, losing only two games to his opponents.

Full list of tournament winners:

Boys under 9 years old:

1st place Kostyukov Artem

2nd place Nikolai Filipov

3rd place Mark Grabovsky

Boys under 11 years old:

1st place Schneider Artem

2nd place Matyukhov Egor

3rd place Horbunov Ivan

Girls under 13 years old:

1st place Syvoplias Victoria

2nd place Orlenko Oleksandra

3rd place Krasnokutska Daria

Boys under 13 years old

1st place Andrii Hutsailiuk

2nd place Doroshenko Gleb

3rd place Tomenchuk Mykyta

Girls under 17 years old:

1st place Krykun Anastasia

2nd place Vlasenko Daria

3rd place Tarasova Anna

Boys under 17 years old:

1st place Panchenko Artem

2nd place Danylo Kurilyak

3rd place Shcherbakov Yegor

WOMEN:

1st place Kostyukova Anastasia

2nd place Krykun Anastasia

3rd place Sardak Liana

MEN:

1st place Podvorny Denis

2nd place Panov Nikita

3rd place Petrovych Ruslan

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The organizers expressed their sincere gratitude to the Armed Forces of Ukraine for the opportunity to host and conduct such events. They also thanked the Sport Life club network for providing courts free of charge, Interfax Ukraine, Experts Club and Maxim Urakin for their media coverage of the tournament, as well as Thermopab represented by Alexander Batashov and KRAINA for their tireless support and assistance in organizing the tournament.

Special thanks go to Tecnifibre for valuable gifts for the children’s categories, as well as to all the players and referees who were able to join this sporting event.

This championship confirmed that even in difficult times, Ukrainians retain the ability to unite, grow and achieve great success. The winners and runners-up in the children’s categories once again reminded us of the importance of sport in developing young people and strengthening the national spirit.

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An exhibition of paintings dedicated to overcoming post-traumatic stress disorder will be held at Experts Club training center in Kyiv

This Saturday, the Experts Club Kyiv Training Center in cooperation with Art Gallery Universe opens an exhibition that goes beyond the usual understanding of art, approaching therapy and recovery. “Restoring Life: Art and Rehabilitation Project” is a series of works created by contemporary Ukrainian artists Igor Moshkov and E-Ludmyla Svitla, who convey deep emotional states and ways to rethink and overcome them through painting.

“Each painting in our exhibition is not just an image, it is a dialog between the artist and the visitor that helps to find inner harmony and peace. We are creating a space where art becomes a tool for psychological recovery for those who have faced challenges,” says Maksym Urakin, founder of Experts Club.

“For me, every brushstroke is a step towards comprehension and healing. My works are the stories I want to tell, and I believe they can help others find their way to inner light,” said E-Ludmyla Svitla.

The exhibition offers an extraordinary experience that combines art therapy and art, giving visitors the opportunity not only to enjoy painting, but also to discover a new tool in the fight against post-traumatic stress disorder (PTSD) and its consequences. The project focuses on supporting spiritual health and mental recovery through artistic expression, creating a safe space for personal growth and self-expression.

“Recovering Life” reflects the true power of artistic symbolism, which lies not only in aesthetic pleasure, but also in its ability to heal and unite people around art.

Address of the event: 51/1A Vasyl Tyutyunnyk Street, Kyiv, office 112.

The beginning is February 17, 2024 at 15:00.

The number of participants is limited. For media accreditation, please contact fam@experts.news by 23-00 on February 16, 2024.

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Kyivstar invests more than ₴250 million in energy independence of Home Internet and introduces GPON

Kyivstar, Ukraine’s largest Internet provider by subscribers, continues to secure its Home Internet service in case of power outages. In 2023, the company invested more than UAH 200 million to provide uninterruptible power supplies for Home Internet. It will invest an additional UAH 50-70 million by the end of February 2024. The provider also continues to actively launch GPON Internet in different cities of Ukraine.

Kyivstar employees started connecting the Home Internet network to uninterruptible power supplies (UPS) in October 2022 and will continue to do so to provide 700 thousand subscribers with Internet access even in the event of a power outage. This modernization will allow the Home Internet network to operate in the absence of power for up to 5 hours.

In total, the service users will be provided with equipment for uninterrupted operation in 44 cities of Ukraine. In total, the provider plans to cover more than 22.3 thousand addresses where UPS will be installed. 180 specialists are involved in the process of installing, checking and testing equipment throughout Ukraine.

Kyivstar also started connecting the Internet using GPON technology at the end of 2023. In 2024, the company plans to partially modernize and replace existing technologies with GPON in some cities. This connection technology is more energy efficient.

“In the context of short- and medium-term outages, GPON can provide consumers with Internet access for longer, including because we build lines from base stations with mobile diesel generators. And as long as we have the human resources and the ability to supply fuel and components to keep the generator running at the base station, users connected via GPON technology will have the Internet signal,” commented Sergiy Sukhoruk, Head of Fixed Line Communications.

About Kyivstar

Kyivstar is Ukraine’s largest electronic communications operator, serving more than 24 million mobile subscribers and more than 1.1 million Home Internet subscribers as of September 2023. The company provides services using a wide range of mobile and fixed technologies, including 4G, Big Data, Cloud solutions, cybersecurity services, digital TV, etc. Kyivstar helps subscribers, society and the country to overcome the challenges of wartime. Since the beginning of the full-scale war, the company has allocated more than UAH 1.4 billion in aid for the humanitarian needs of the Armed Forces, society and subscribers. Kyivstar’s sole shareholder is the international VEON Group (headquartered in the Netherlands). The Group’s shares are listed on NASDAQ (New York) and Euronext (Amsterdam). Kyivstar has been operating in Ukraine for 25 years and is recognized as the largest taxpayer in the telecom market, the best employer and a socially responsible company.

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Ukraine increased exports of iron ore by 3.4 times

In January this year, Ukrainian mining companies increased exports of iron ore in physical terms by 3.36 times compared to the same period last year, up to 3 million 115.839 thousand tons from 927.433 thousand tons.

According to the statistics released by the State Customs Service on Friday, during the period under review, foreign exchange earnings from the export of iron ore increased by 2.7 times to $295.989 million from 110.857 million.

Exports of iron ore were carried out mainly to China (48.05% of supplies in monetary terms), Slovakia (13.65%) and Poland (10.48%).

Last month, Ukraine imported iron ore worth $7 thousand in a total volume of 9 tons, while in January-2023 it imported iron ore worth $1 thousand in a volume of 1 thousand tons. Imports in January-2024 came from Italy (100%).

As reported, in 2023, Ukraine decreased exports of iron ore in physical terms by 26% compared to 2022 – to 17 million 753.165 thousand tons, foreign exchange earnings from iron ore exports amounted to $1 billion 766.906 million (down 39.3%). Iron ore was exported mainly to Slovakia (28.39% of supplies in monetary terms), the Czech Republic (19.74%) and Poland (19.56%).

Last year, Ukraine imported iron ore worth $135 thousand in the total amount of 250 tons. During this period, imports were made from Norway (34.81%), Italy (28.89%) and the Netherlands (28.89%). While in 2022, iron ore was imported for $65 thousand in a total volume of 101 tons.

In 2022, Ukraine decreased exports of iron ore in physical terms by 45.9% compared to 2021 – to 23 million 984.623 thousand tons, while foreign exchange earnings decreased by 57.8% to $2 billion 912.974 million. Iron ore was exported mainly to Slovakia (19.23% of supplies in monetary terms), the Czech Republic (17.32%) and Poland (16.49%).

In 2022, Ukraine imported iron ore worth $65 thousand in a total volume of 101 tons, while in 2021 – $184 thousand in a volume of 1,202 thousand tons. Imports were carried out from Norway (36.92%), the Netherlands (27.69%) and the UK (16.92%).

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Ukraine increased copper imports by 2.6 times, exports by 56%

In January this year, Ukrainian companies increased imports of copper and copper products in value terms by 2.6 times compared to the same period last year, to $16.833 million from $6.368 million.

According to customs statistics released by the State Customs Service of Ukraine on Friday, exports of copper and copper products decreased by 17.6% to $5.279 million from $6.407 million over the period.

In addition, in January 2024, Ukraine increased imports of nickel and nickel products by 11.5 times compared to January 2023 – to $3.573 million from $312 thousand, aluminum and aluminum products – by 26.3%, to $33.501 million.

At the same time, it increased imports of lead and lead products by 4.2 times to $135 thousand, imports of tin and tin products by 51.2% to $260 thousand, and increased imports of zinc and zinc products by 82.9% to $4.094 million.

Exports of aluminum and aluminum products in the first month of 2024 increased by 18% compared to January 2023 to $7.999 million, lead and lead products decreased by 46.5% to $873 thousand, nickel and nickel products amounted to $3 thousand, at the level of January 2023.

Zinc exports last month amounted to $8 thousand, while in January 2023 they were absent. Exports of tin and tin products were absent in January 2024, while in January 2023 they amounted to $17 thousand.

In December 2023, copper was imported for $20.856 million, and exported for $6.906 million. Last December, Ukraine imported $1.025 million worth of nickel and products, $31.951 million worth of aluminum, as well as $70 thousand worth of lead and products, $310 thousand worth of tin, and $3.665 million worth of zinc.

At the same time, in December 2023, Ukraine exported $8.433 million worth of aluminum, $704 thousand worth of lead and lead products, $24 thousand worth of nickel and nickel products, $13 thousand worth of zinc, and $79 thousand worth of tin.

As reported, in 2023, Ukraine increased imports of copper and copper products by 2.2 times compared to 2022 – up to $140.795 million, while exports decreased by 20.1% to $72.078 million.

In addition, in 2023, Ukraine reduced imports of nickel and products by 74.2% compared to 2022, to $15.391 million, and increased imports of aluminum and aluminum products by 7.7%, to $366.463 million.

At the same time, it reduced imports of lead and lead products by 65.2% to $989 thousand, imports of tin and tin products by 23% to $2.728 million, but increased imports of zinc and zinc products by 18.8% to $45.966 million.

Exports of aluminum and aluminum products last year increased by 0.7% compared to 2022 to $97.616 million, lead and lead products increased by 23.5% to $14.778 million, and nickel and nickel products amounted to $532 thousand, while in 2022 it was $1.268 million.

In 2023, the company exported $130 thousand worth of zinc, compared to $1.331 million in 2022. Exports of tin and tin products amounted to $159 thousand against $424 thousand in 2022.

As reported, in 2022, Ukrainian enterprises reduced imports of copper and copper products in value terms by 64.3% compared to the previous year to $65.370 million, while their exports decreased by 56.3% to $90.245 million.

In addition, in 2022, Ukraine reduced imports of nickel and nickel products by 49.9% compared to 2021, to $59.754 million, and aluminum and aluminum products by 33.4%, to $340.398 million. At the same time, it reduced imports of lead and lead products by 66.6%, to $2.839 million.

Imports of tin and tin products fell by 33.5% to $3.312 million, and imports of zinc and zinc products decreased by 58.7% to $38.690 million.

In 2022, exports of aluminum and aluminum products decreased by 42.7% compared to 2021, to $96.972 million, lead and lead products – by 68.7%, to $11.970 million, and nickel and nickel products – by 73.9%, to $1.268 million.

Zinc exports in 2022 amounted to $1.331 million, while in 2021 they amounted to $550 thousand. Exports of tin and products in 2022 amounted to $424 thousand, compared to $346 thousand in the previous year.

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Ukrainian metallurgical enterprises increased revenues from exports of ferrous metals by 65.4%

In January this year, Ukraine’s steelmaking companies increased revenues from ferrous metal exports by 65.4% year-on-year to $274.077 million from $165.690 million.

According to statistics released by the State Customs Service (SCS) on Friday, ferrous metals accounted for 8.06% of total export revenues during this period, compared to 5.29% in January 2023.

At the same time, in January this year, Ukraine increased imports of similar products by 59.5% to $109.414 million from $68.593 million.

In addition, in January, Ukraine increased exports of metal products by 3.5% to $64.327 million from $62.127 million. Imports of metal products increased by 41.7% to $72.646 million from $51.263 million.

In December 2023, revenues from exports of ferrous metals amounted to $214.531 million, while in the previous month – $174.380 million. In December 2023, the company imported these products for $107.367 million.

In December, the company exported steel products worth $56.083 million and imported $74.186 million.

As reported earlier, in 2023, Ukraine’s steelmaking companies reduced revenues from exports of ferrous metals by 41.59% compared to 2022, to $2 billion 647.722 million, with ferrous metals accounting for 7.32% of total revenues from exports of goods during this period, while in 2022 the share was 10.26%. At the same time, in 2023, Ukraine increased imports of similar products by 37% to $1 billion 307.046 million.

In addition, last year, Ukraine reduced exports of metal products by 16.6% year-on-year to $877.916 million. At the same time, imports of metal products increased by 40.3% to $902.565 million during this period.

In 2022, Ukraine decreased revenues from ferrous metal exports by 67.5% compared to 2021, to $4 billion 533.088 million. During this period, ferrous metals accounted for 10.26% of total revenues from exports of goods, compared to 20.49% in 2021. At the same time, in 2022, Ukraine reduced imports of similar products by 38.3% to $954.387 million.

In addition, in 2022, Ukraine reduced exports of metal products by 18.6% to $1 billion 52.512 million. Imports of metal products fell by 42.9% to $643.162 million over the year.

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