Business news from Ukraine

Business news from Ukraine

Ukraine increases rolled steel output by 28% and steel production by one third

In January-July this year, Ukrainian steelmakers increased production of total rolled products by 28.4% year-on-year to 3.728 million tons from 2.903 million tons, according to preliminary data.
According to Ukrmetallurgprom, steel production increased by 33.6% to 4.583 million tons and pig iron by 21.2% to 4.089 million tons in the period. In July, the company produced 588.6 thousand tons of rolled products, 708.9 thousand tons of steel, and 621.4 thousand tons of pig iron, compared to 571.5 thousand tons of rolled products, 734.7 thousand tons of steel, and 628.6 thousand tons of pig iron in the previous month.
As reported, in 2023, Ukraine increased production of total rolled products by 0.4% compared to 2022 to 5.372 million tons, but reduced steel production by 0.6% to 6.228 million tons and pig iron by 6.1% to 6.003 million tons.
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%).

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Passenger flow through western border of Ukraine in April 2024, thousand

Passenger flow through western border of Ukraine in April 2024, thousand

Source: Open4Business.com.ua

Demand for electric vehicles in Ukraine increased by 14% in July

In July 2024, registrations of electric vehicles (new and used) in Ukraine amounted to 4,787 thousand, which is 14% more than in June this year and 38% more than in July last year, Ukravtoprom reported on its Telegram channel.
As reported, in June 2024, the demand for electric vehicles was slightly higher than in May this year, and by June 2023, it had increased by 35%.
Market experts attribute a certain recovery in demand for electric vehicles last month to the government’s initiative to introduce a military tax on buyers during the first registration of cars, including electric vehicles, which are not subject to taxation in Ukraine (except for a small excise tax).
According to Ukravtoprom, the share of new cars in electric car registrations was 21%, up from 17% in June 2023 and 19% in June of this year.
The bulk of the electric vehicles registered during the month were passenger cars – 4,684 thousand units (new – 980 units, used – 3,704 units), and only six of 103 commercial electric vehicles were new.
The top five new electric cars in July were Honda M-NV – 239 units (140 units in June), BYD Song Plus – 127 units (62 units), Nissan Ariya – 118 units (91 units), Volkswagen iD.4 – 88 units (71 units) and Zeekr 001 – 69 units.
The most popular five used cars were Nissan Leaf – 529 units (410 units in June-2024); Tesla Model 3 – 433 units (419 units); Tesla Model Y – 419 units (367 units); Tesla Model S – 217 units (196 units) and Volkswagen e-Golf – 209 units (208 units).
In total, in January-July, more than 29.2 thousand units of vehicles with battery power sources were registered for the first time in Ukraine (82.5% more than a year earlier), with new vehicles accounting for 20%.
As reported, in 2023, according to Ukravtoprom, registrations of electric cars in Ukraine increased 2.8 times to 37.6 thousand, with new ones accounting for 20% compared to 17% a year earlier.

Beleniuk wins bronze in Greco-Roman wrestling

Jean Beleniuk won a bronze medal in Greco-Roman wrestling in the 87 kg weight category at the 2024 Olympic Games in Paris.
The athlete defeated the representative of Poland Arkadiusz Kulinich – 3:1.
The fight was the last in Beleniuk’s sports career – he is the Olympic champion of 2020, silver medalist of the 2016 Olympics.
Now the Ukrainian Olympians have 10 medals at the Games in Paris (3+3+4).

 

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“Agro-Region has fully completed harvesting winter wheat and rape from 12 thousand hectares

Agro-Region has completed harvesting of winter crops from 12 thousand hectares, in particular, winter rape from 5 thousand hectares and winter wheat from 7 thousand hectares, the results of threshing exceeded the plan, the press service of the agro-holding reported on Facebook.

“The average yield of winter rape for the company amounted to 3.6 c/ha, which even exceeded the average yield of this crop for the last five years. Weather conditions allowed to get quality rape grain with minimal tillage, moisture and weed impurity in the base and meet the key contractual indicators”, – said the chief agronomist of the agricultural holding Yuri Lysak.

Speaking about winter wheat yield, he noted that the plan was also exceeded – by 10%.

“The average yield of winter wheat amounted to 6.6 tons/ha. At the same time, two clusters received yields of more than 7 tons/ha, the best result was shown by the Western cluster – 7.89 tons/ha,” Lysak added.

Winter wheat quality indicators (moisture content, gluten, protein and other parameters) are among the best in Agro-Region in recent years.

“73% of wheat is of second and third class. This is the result of proper selection of varieties and nutrition management,” stated the chief agronomist.

Agro-Region Agro Holding owns a land bank of 39 thousand hectares in Kyiv, Chernihiv, Zhitomir and Khmelnitsky regions. It specializes in crop production. It consists of 11 companies united in four crop production clusters. It has two elevators – Boryspil with a capacity of 73 thousand tons and Miropolskiy with a capacity of 52 thousand tons.

The annual harvest of grain and oilseeds of Agro-Region is up to 200 thousand tons.

Swedish company Lobiu Sala AB, owned by former Ukrainian Economy Minister Aivaras Abromavicius, in April 2021 received from the Antimonopoly Committee (AMCU) permission to purchase Swedish Agro Region Stockholm Holding, which manages Agro Region group of companies in Ukraine.

 

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Corteva Agriscience increased sales of corn and sunflower seeds by 20% and 9%, respectively

In the second quarter of 2024, Corteva Agriscience, an international agricultural research company, increased organic sales of Pioneer® corn and sunflower seeds by 20% and 9% year-on-year, said Oleksandr Dmytriyev, Head of Business at Corteva Agriscience in Ukraine, at a media club meeting in Kyiv.

According to him, organic sales of plant protection products in the second quarter of 2024 increased by 71% compared to the same period last year. At the same time, Corteva’s global organic sales and operating EBITDA increased by 2% to $6.2 billion and by 8% to $1.9 billion in Q2 2024 compared to the same period last year.

“Corteva works side by side with farmers, understands the difficult situation they have faced during the war, and is constantly looking for opportunities to support them in difficult times of war and help ensure the economy of Ukraine and food security of the world. During the 2023/2024 season, Corteva partnered with programs from the Howard G. Buffett Foundation and the Food and Agriculture Organization of the United Nations (FAO) to help farmers through the fall and spring planting campaigns. Together with financial institutions, we offer tools that provide special lending or subsidy terms, giving access to resources that are key to maintaining business profitability, and we are actively working with producers in the frontline areas of Sumy, Zaporizhzhia, Donetsk, Kherson, and other regions,” Dmitriev said.

Corteva Agriculture is a global agricultural company. It offers comprehensive solutions to maximize yields and profitability. It has more than 150 research facilities and more than 65 active ingredients in its portfolio.

The company’s presence in Ukraine includes the headquarters in Kyiv, a research center in Liubartsi village (Kyiv region) and a seed production complex in Stasi village (Poltava region).

In April 2022, the company decided to leave the Russian market due to the full-scale war against Ukraine unleashed by Russia.

 

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