Dnipro Switch Plant JSC (DnSZ, Dnipro), a major Ukrainian manufacturer of turnouts for mainline railways, doubled its net profit in January-September to UAH 296.6 million compared to the same period in 2023.
According to the company’s financial report on its website, net sales revenue for the period increased by 47.8% to UAH 1 billion 585 million.
From operating activities, the company earned UAH 394.8 million in profit (up 9.4%), and gross profit amounted to almost UAH 607 million (+19.3%).
According to the company’s report for the first half of the year, its net profit increased by 57.7% to UAH 114.3 million in January-June 2023, while net income increased by 13.6% to UAH 641.3 million.
Thus, in the third quarter of 2024, the plant increased its net profit by 2.4 times year-on-year to UAH 182.4 million, while net revenue increased by 85.8% to UAH 943.6 million.
Founded in 1916, DnSZ currently produces various types of turnouts for mainline and industrial transport, subways, and track superstructure elements.
The company has a full production cycle, including its own design bureau.
The plant ended 2023 with a net profit of UAH 510.86 million, up 52% year-on-year in 2022, with revenue up 77% to UAH 1 billion 790 million.
In 2023, the company shipped 410 turnouts, 2.33 thousand frame rails and 1.59 thousand individual crosspieces.
The share of exports was 10.4%, with the main importing countries being: Germany, the Baltic States, Turkey, and Georgia.
The average number of employees at the plant was 606 at the beginning of this year.
In 2023, Ukraine exported 45.8 thousand tons of honey to the European Union, with 28% of imports of this product from Ukraine, said Olena Dadus, Deputy Director of the Agrarian Development Department of the Ministry of Agrarian Policy and Food.
“The markets of the European Union are key for honey exports, as Ukraine is the second largest exporter of honey to the EU, accounting for 28% of all imports of this product by the bloc. According to the Register of Export Capacities, about 72 Ukrainian enterprises are engaged in the supply of honey abroad,” the press service of the Ministry of Agrarian Policy and Food quoted her as saying at the Honey Forum ”European Integration of the Ukrainian Honey Industry: Challenges and Opportunities.”
According to the State Customs Service and the State Statistics Committee, honey exports in 2023 amounted to 55.4 thousand tons worth $121.4 million, including 45.8 thousand tons (93.6% of total exports) worth $94.9 million. At the same time, in the first half of 2024, honey exports to the EU amounted to 40.6 thousand tons worth $70.7 million.
The Ministry of Agrarian Policy recalled that the main countries of honey export in 2023 were the European Union (Germany, Poland, Spain, France, Belgium, Romania, Italy, Hungary, Greece) and the United States.
As reported, as part of Ukraine’s association with the European Union, Ukrainian companies were entitled to supply 18.507 thousand tons of honey to the EU market free of duty starting June 5, 2024. After this volume was exhausted, the EU resumed quotas on August 21. From January 1, 2025, and until June 5, 2025, a new tariff quota will be introduced, which corresponds to 5/12 of the threshold set for the emergency braking.
The current President of Moldova, Maia Sandu, won the second round of the presidential election held on November 3. According to preliminary data published on the website of the Central Election Commission, she received 55.41% of the vote, while her opponent, former Prosecutor General of Moldova Alexandru Stoianoglo, received 44.59% of the vote.
As of Monday morning, 99.86% of the voting protocols have been counted. Votes from three polling stations in the United States have not been counted.
According to these data, 1,679,293 Moldovan citizens took part in the elections, which is 54.31% of the voters on the voting lists. Sandu received 930,512 votes, while Stoianoglo received 748,781 votes.
Stoianoglo, who ran as a candidate of the opposition Socialist Party, conceded defeat on Sunday evening, thanking voters for their support.
At the same time, Sandu lost the election in Moldova, gaining 48.81% of the vote against Stoianoglo’s 51.19%. In the Gagauz autonomy, Stoianonglo (a Gagauz by nationality) won 97% of the vote, with almost 80% of the residents of the Transnistrian region who took part in the elections also voting for him. More than 26 thousand voters cast their ballots at 30 polling stations open to residents of the left bank of the Nistru River on the right bank.
Sandu won the election with a large margin thanks to the vote abroad. A total of 328,877 voters cast their ballots at 231 polling stations abroad, which is more than 20% of the total number of voters. This is an absolute record of participation in elections by Moldovan citizens abroad. Sandu received more than 270 thousand votes at polling stations abroad, almost 83% of those who voted.
Sandu pledged to “be a president for all”. She said this at a briefing on Monday night, when it became clear that she had won.
“Dear Moldovans, I am grateful to each of you who came to the polls. I heard your voice: those who supported me and those who voted for Mr. Stoianoglo. I pledge to be president for all of you. No one will lose in our choice of a decent future. We may hold different points of view, speak different languages, but we all want peace, understanding and a decent life for our children. This is my main goal for Moldova in the coming years. We need to unite the society,” Sandu said.
Earlier, the Experts Club think tank presented an analytical material on the most important elections in the world in 2024, more detailed video analysis is available here – https://youtu.be/73DB0GbJy4M?si=eGb95W02MgF6KzXU
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Agricultural enterprises increased milk production by 3.4% in September 2024 compared to the same period last year, Infagro, an industry news and analysis agency, reported citing data from the State Statistics Committee.
Analysts predict that in 2024, milk production by this category of producers will increase by 4% to 2.9 million tons.
“The total milk production by all categories for the first nine months of the year is 5.6 million tons, which is 2.9% lower than in the same period of 2023. The volume of milk production in the category of agricultural enterprises in the first nine months is 5.1% higher than in the same period last year (2.2 million tons),” the experts explained.
As of October 1, the number of cows in Ukraine was estimated at 1.24 million, which is 6.6% lower than on the same date last year. At the same time, there are 0.38 million heads in agricultural enterprises (-1.8%), Infagro summarized.
In January-September 2024, ARX Insurance Company (IC ARX Kyiv) collected more than UAH 3.1 billion in insurance premiums, which is 14% more than in the same period a year earlier, according to the insurer.
According to the company, payments for the first nine months amounted to UAH 1.3 billion, up 28%. On average, insurance claims payments per day amounted to UAH 6.5 million.
The company also reports that over UAH 1.7 billion in premiums were collected for motor hull insurance, which is 24% more than in the first nine months of the previous year, UAH 360.8 million (+10%) for property insurance, and UAH 256.1 million (+23%) for MTPL insurance.
In the 13 months since the launch of property insurance against war risks, ARX has insured more than 200 companies with a total coverage of UAH 2.659 billion.
The company’s total insurance premiums, including life and non-life segments, amounted to UAH 3.40 billion (+14% yoy). In the life insurance segment, insurance premiums amounted to UAH 251.2 million (+7% by 2023).
According to the report, ARX and ARX life insurance companies paid UAH 358 million in taxes in the first nine months of 2024. In total, since the beginning of the war, they have paid more than UAH 1 billion in taxes to the state budget.
ARX and ARX Life are part of the international insurance holding Fairfax Financial Holdings Ltd.
ARX Insurance Company is one of the five leading insurance companies in Ukraine in terms of premiums collected and payments made. It has been a leader in the hull insurance segment of the Ukrainian market for 13 years.
ARX Life is among the top ten companies in the life insurance market in Ukraine.
In October 2024, Ukraine exported a record volume of goods worth more than $3.8 billion, which is 18.7% more than in September this year, First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko said.
“A significant increase in exports in October was made possible by an increase in the supply of agricultural products. In October, exports of agricultural products increased by 32.3% in value and 33.8% in weight. This made it possible to increase the physical volume of exports to 10.9 million tons, which is 26.2% more than in September this year. We owe these achievements to our defenders, who ensure the operation of the sea corridor despite threats from the enemy. In October, exports by sea grew by 28.2% in monetary terms and 37.1% in weight,” the press service of the Ministry of Economy quoted her as saying.
According to Svyrydenko, according to preliminary data, since the beginning of 2024, exports of goods have totaled almost $34.6 billion.
“Given the current dynamics of exports in goods, we can predict with some caution that this year’s exports in monetary terms will exceed last year’s figures. Let me remind you: In 2023, it was $36.2 billion. In terms of physical volumes, we have already exported more in the first 10 months of 2024 than in the whole of last year. This is 110 million tons in total for 10 months of this year, compared to 100 million tons in 2023,” the Minister of Economy explained.
Taras Kachka, Deputy Minister of Economy and Trade Representative of Ukraine, said that in October, Ukraine exported the most sunflower, safflower or cottonseed oil in monetary terms – by $447.2 million, or 481.3 thousand tons, corn – by $447.2 million, or 481.3 thousand tons. tons, corn – by $363.6 million, or 1.9 million tons, respectively, wheat – by $318.2 million, or 1.6 million tons, soybeans – by $260 million, or 675 thousand tons, rapeseed – by $239.2 million, or 476.3 thousand tons, iron ore and concentrates – by $166.8 million, or 2.5 million tons.
Ukrainian producers exported most of their goods to Poland, Germany, Spain, Italy, Italy, and Turkey. Overall, in October, Ukraine exported $2.38 billion worth of goods to the EU, up 15.8% compared to September.
“The European Union is Ukraine’s key trading partner. That is why we are making every effort to provide our exporters with the most favorable conditions for access to European markets and integration of Ukrainian producers into European value chains,” summarized the Ukrainian trade representative.
