In 2023, property worth more than UAH 1.9 billion was sold through the OpenMarket electronic auction (State Enterprise SETAM of the Ministry of Justice of Ukraine). A total of 4,339 lots were successfully sold. The sellers earned an additional UAH 206 million.
We remind you that SE SETAM works in the following areas:
– Sale of property seized by state and private enforcement officers, as well as property confiscated by court decisions;
– Sale of bank assets and claims;
– Holding auctions for the sale of property at the request of individuals and legal entities (voluntary sale);
– Holding auctions for lease of property;
– Sale of rights to enter into financial leasing agreements.
Last year, the Group sold property worth UAH 544 million through voluntary sales. The additional amount earned by the sellers was over UAH 44 million. Bailiffs sold seized property through OpenMarket for a total amount of over UAH 1.4 billion.
Successful auctions with the highest value in 2023:
Administrative warehouse complex in Kyiv region.
Sale price: UAH 200,500,000.
The seller: A private contractor.
Link to the lot: setam.net.ua/auction/519297
31 land plots in the Kyiv region, Kozyn village.
Sale price: UAH 118,761,601.
The seller: JSC Ukreximbank.
Link to the lot: setam.net.ua/auction/526989
A house in Kyiv on Staronavodnytska Street.
Sale price: UAH 88,453,986.
The seller: JSC Ukreximbank.
Link to the lot: setam.net.ua/auction/527335
“Last year, the company paid taxes, duties, mandatory payments and dividends to the state budget totaling more than UAH 38.6 million. Confidence in our auction is constantly growing, as evidenced by the system’s user base, which currently amounts to almost 100 thousand and is one of the largest in Ukraine,” said Oleksandr Mamro, CEO of SE SETAM.
The OpenMarket auction (SE “SETAM” of the Ministry of Justice of Ukraine) is a simple and effective means of selling and purchasing property via the Internet. The online auction has been operating throughout Ukraine since 2014. The total amount of sales since its launch is UAH 22 billion.
Ferrexpo plc, a mining company with assets in Ukraine, produced 3.845 million tonnes of pellets in 2023, down 36.5% from 6.053 million tonnes in 2022, due to the fact that 2022 included a period of full-scale production before the Russian invasion of Ukraine.
According to the company’s announcement on Thursday, pellet production in the fourth quarter of 2023 fell by half compared to the previous quarter to 0.627 million tons, but this is 50.4% more than in the fourth quarter of 2022.
It is noted that in 2023, only premium pellets with an iron content of 65% were produced, while direct reduced iron pellets (DRI, 67% iron) and pellets with an iron content of 62% were not produced.
In addition, it is specified that the total production volume includes 50 thousand pellets produced in the fourth quarter from third-party concentrate.
“Even with the onset of winter, we were able to operate one and sometimes two of our four pellet production lines to meet our reduced export capacity and continue to supply premium products to our premium customers,” Interim Executive Chairman Lucio Genovese said in the release.
Speaking about the past year, the company notes the deaths of 14 employees who served in the Armed Forces of Ukraine, which increased the total number of employees killed since the beginning of the Russian invasion in 2022 to 34. It is specified that 754 of our employees are currently serving in the Armed Forces of Ukraine.
It is indicated that the company continues to retain most of its employees, despite the fact that it was forced to significantly reduce production. This, together with rising logistics costs in the absence of access to Black Sea export routes, has led to a decline in profitability.
However, the report notes that Ukraine’s recent success in opening Black Sea export corridors has made it possible to resume shipping from certain ports.
“When the time is right, Ferrexpo plans to launch an additional pellet production line and resume exports via this route, provided it is safe and cost-effective,” the release said.
In addition, it is noted that iron ore prices rose by more than 20% in the fourth quarter, thanks to China’s support for more steel-intensive sectors of its economy, and continued to hold at this level until the New Year.
“We are also seeing the first signs of a pick-up in pellet demand in Europe. Together, these factors can support our large fixed cost base and higher logistics costs. In my view, the improved demand and higher prices bode well for Ferrexpo for the year ahead,” Genovese concluded.
It is noted that the group’s net cash position, including minor adjustments, at the end of the year was approximately $109 million compared to $106 million a year earlier, with minimal lease obligations and no debt.
Ferrexpo owns 100% of Yeristovo Mining, 99.9% of Bilanivsky GOK and 100% of Poltava Mining.
In the first half of 2023, Ferréxpo cut its net profit threefold to $27.01 million, while revenue fell 2.8 times to $334.01 million, and its EBITDA fell 7.6 times to $63.64 million.
Ukrainian metallurgical enterprises increased their production of rolled steel by 0.4% to 5.372 million tons in 2023, according to preliminary data, compared to 2022.
According to Ukrmetallurgprom on Wednesday, steel production decreased by 0.6% to 6.228 million tons last year.
Pig iron production for the period decreased by 6.1% to 6.003 million tons.
As reported, in 2022, Ukraine 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, and pig iron by 69.8% to 6.391 million tons.
In 2021, the company produced 21.165 million tons of pig iron (103.6% compared to 2020), 21.366 million tons of steel (103.6%), and 19.079 million tons of rolled products (103.5%).
On Thursday, benchmark oil prices are rising after falling a day earlier due to data on the growth of oil and oil products stocks in the United States.
Quotations for March futures for Brent on the London ICE Futures exchange as of 7:00 CET are $77.14 per barrel, which is $0.34 (0.44%) higher than the level at the close of the last trading session. On Wednesday, these contracts fell by $0.79 (1%) to $76.80 per barrel.
February futures for WTI in electronic trading on the New York Mercantile Exchange (NYMEX) in the morning rose in price by $0.27 (0.38%) to $71.64 per barrel. As a result of the previous trading, their quotes decreased by $0.87 (by 1.2%) and ended the day at $71.37 per barrel.
Commercial oil inventories in the United States last week increased by 1.338 million barrels, the Energy Department reported. Analysts on average had forecast a decline of 675 thousand barrels, according to Trading Economics.
Gasoline reserves jumped by 8.03 million barrels, distillate reserves – by 6.53 million barrels. Experts expected an increase of 2.49 million and 2.38 million barrels, respectively.
S&P Global Commodity respondents predicted an average decrease in oil reserves by 900 thousand barrels, as well as an increase in gasoline reserves by 4.9 million barrels and distillate reserves by 3.7 million barrels.
Meanwhile, the oil market is supported by attacks by Yemeni Houthis on ships in the Red Sea, MarketWatch reports. The fact that the incidents continue despite the actions of the US and UK navies in the region increases fears of a protracted conflict, forcing transport companies to look for workarounds to transport goods.
Another factor that puts upward pressure on prices is the suspension of oil production at Libya’s largest field, Sharara, with a capacity of 300 thousand barrels per day, due to political protests.
In 2023, Ukrposhta JSC increased its revenues by UAH 1.9 billion to UAH 11.9 billion, exceeding the previous record level of UAH 11.1 billion in 2021, according to a report on the website of the Ministry of Economic Development and Trade, citing the company’s CEO Ihor Smelyansky.
“In 2023, the number of parcels sent increased by 40%. It is also worth mentioning the 15 million parcels that Ukrposhta and Ukrzaliznytsia transported together – this is a convenient and effective collaboration between two state-owned companies,” Smelyansky said.
It is also noted that the number of money transfers has increased by 40%.
In 2022, Ukrposhta delivered 41.5 million parcels and paid out 9.3 million transfers.
Among other achievements of the past year, Smelyansky mentioned the establishment of air service with the United States. “This is important for our entrepreneurs. After all, even during a full-scale war, more than 1 million Ukrainian goods are successfully sold on American marketplaces,” he explained.
Separately, the Ukrposhta CEO emphasized the importance of loan agreements with the European Bank for Reconstruction and Development worth EUR 63 million and the European Investment Bank worth EUR 30 million.
According to the data presented, the company has increased the number of mobile branches to 1864 with 200 locations.
Smelyansky named digitalization as one of the main areas of work for 2024. According to him, the company plans to cover 100% of Ukrainian cities and villages with digital services, as well as increase the level of automatic parcel sorting to 100% through the introduction of 18 new sorting centers.
It is also indicated that, if permits are obtained, Ukrposhta intends to cover 100% of towns and villages with banking and drug delivery services.
JSC “Ukrposhta” (Kyiv) on January 10 announced a tender for real estate insurance services of mortgage objects.
As reported in the system of electronic public procurement “Prozorro”, the expected cost of UAH -2.744 million.
Documents are accepted until January 18
