Norway will allocate 2.7 billion kroner ($242.38 million) to strengthen the Ukrainian navy and help deter Russian naval forces in the Black Sea, Prime Minister Jonas Gahr Støre said, Reuters reports.
“It is necessary to protect the population and infrastructure of Ukraine from attacks by the Russian Black Sea Fleet,” Reuters quoted the Norwegian prime minister as saying on Monday.
“It is also important to protect the export of grain and other products by sea, which bring Ukraine its most important revenues,” he added.
The bitcoin exchange rate reached another historical high the day before, exceeding $106 thousand. As of 9:42 a.m. on Monday, bitcoin rose by 1.9% to $105.11 thousand, according to Coindesk. On Sunday, the cryptocurrency rose to $106,491 thousand. Bitcoin’s growth has been going on for seven weeks in a row, the highest since 2021. The rate is supported by expectations of a favorable cryptocurrency policy under the Donald Trump administration. According to FactSet, since his election as US president, bitcoin ETFs have raised $9.3 billion. The next key level for this cryptocurrency is $110 thousand, MarketWatch reports.
Geographical structure of Ukraine’s foreign trade (imports) in Jan-Sept 2024, thousand USD
Open4Business.com.ua
Ukrzaliznytsia (UZ) transported a record number of passengers in 2024 and also reached high levels of cargo transportation, said Oleksiy Kuleba, Vice Prime Minister for Reconstruction of Ukraine and Minister of Community and Territorial Development.
“Today we can state that 2024 is becoming a record year for Ukrzaliznytsia both in terms of cargo transportation, which is more than 148 million tons per year, and passenger transportation. For the second year in a row, Ukrzaliznytsia has been transporting more than 20 million people at its facilities,” Kuleba said on Sunday at the ceremony of the first departure of the Kyiv-Budapest train.
The deputy prime minister emphasized that the volume of UZ passenger traffic is significantly higher than before the full-scale invasion, and passenger traffic to the EU countries is hundreds of times higher than before 2022.
According to Kuleba, there are large-scale plans to expand the railway network with European countries in 2025.
“For 2025, we really have a lot of plans to expand the network with European countries, our neighbors. There are plans for Romania, an increase in traffic to Poland,” Kuleba said.
He noted that demand for international rail transportation in Ukraine exceeds supply.
“So, of course, we have a lot of work to do. We will do everything to reduce the load,” the Vice Prime Minister said.
Oleh Holovashchenko, head of the Passenger Company branch, said that the Kyiv-Budapest train, which made its first run on Sunday, will continue to run on a regular basis and can become a worthy alternative to the Kyiv-Warsaw train.
“This train will help relieve traffic with European countries and make it more convenient,” he said.
He specified that in the two days since the opening of ticket sales for the Kyiv-Budapest train, more than 2,000 tickets have been sold, and the load on the first flight exceeded 60%. UZ expects it to grow rapidly.
Earlier it was reported that UZ launches Kyiv-Budapest and Rava-Ruska-Warsaw trains from December 15 together with the Polish state operator PKP Intercity. In addition, UZ together with ZSSK will launch a connecting route to Bratislava.
Obolon PrJSC has won a tender to supply 171.5 million bottles of bottled water for the Armed Forces of Ukraine to all regions of the country for the first half of 2025, the press service of the State Logistics Operator (DOT) reports on Facebook.
“At the end of November, the State Logistics Operator announced a tender for the purchase of bottled water for the Armed Forces of Ukraine. The announced purchase price was more than UAH 727 million, while the actual price based on the results of the auction was 10.2% lower and amounted to UAH 653 million,” the DOT said, adding that the actual savings from the auction amounted to UAH 74.3 million.
The DOT reminded that water is purchased separately from the main catalog, so the cost of the product is largely formed taking into account logistics costs.
In January-November of this year, Ukrainian enterprises reduced their consumption of rolled metal products by 7.95% year-on-year to 2 million 995.6 thousand tons.
According to a press release issued by Ukrmetallurgprom on Wednesday, 1 million 135.6 thousand tons, or 37.91% of the domestic rolled steel market, were imported during this period.
According to Ukrmetallurgprom, in January-November 2024, steel companies produced 5.741 million tons of rolled metal products (118% compared to the same period in 2023), of which, according to the State Customs Service of Ukraine, about 3.881 million tons, or 67.6%, were exported. In January-November 2023, the share of exports amounted to 54.4% (2.664 million tons with a total production of 4.864 million tons of rolled steel).
The share of semi-finished products in export deliveries in January-October 2024 amounted to 46.25%, which is significantly higher than in January-November 2023 (41.79%). The share of flat products in export deliveries for 11 months of 2024 is almost at the level of January-November 2023 (39.04% and 38.46%, respectively). The share of long products is significantly lower than in January-October 2023 (14.71% in 2024 vs. 19.74% in 2023).
“In 11 months of 2024, the domestic market capacity amounted to 3254.2 thousand tons, of which 1034.2 thousand tons, or 31.78%, were imported. Thus, for 11 months of 2024, there was a decrease in the domestic market capacity by 7.95% compared to 11 months of 2023, while the share of the import component increased by 6.13%,” the press release states.
The structure of imports in 11 months of 2024 is still characterized by a significant dominance of flat products over long products (78.87% and 19.52%, respectively); in January-November 2023, the dominance of flat products over long products was also significant (75.23% and 23.98%, respectively).
According to the State Customs Service, the main export markets for Ukrainian rolled steel products in January-November 2024 were the European Union (70.3%), Africa (10.5%) and the rest of Europe (8.1%).
Other European countries ranked first among steel importers in 11 months of 2024 (50.6%), followed by the EU-27 (28.0%) and Asia (20.0%).
As reported, Ukraine’s rolled steel market increased 2.19 times in 2023 compared to 2022, to 3 million 505.6 thousand tons. The company imported 1 million 118.6 thousand tons, or 31.91% of the domestic market for these products.
