Business news from Ukraine

Business news from Ukraine

“Zaporozhkoks” increased its output by 2.1%

Zaporozhkoks, one of Ukraine’s largest coke and chemical producers and a member of Metinvest Group, increased its blast furnace coke output by 2.1% year-on-year to 584.1 thousand tons from 572.3 thousand tons in January-August this year.
According to the company, it produced 74.5 thousand tons of coke in August.
As reported, Zaporozhkoks increased its blast furnace coke production by 16% in 2023 compared to 2022, up to 856.8 thousand tons from 737.4 thousand tons.
“Zaporozhkoks produces about 10% of coke in Ukraine and has a full technological cycle of coke products processing. It also produces coke oven gas and pitch coke.
“Metinvest is a vertically integrated mining group of companies. Its major shareholders are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage the company.
Metinvest Holding LLC is the management company of Metinvest Group.

Mykolaiv region receives powerful power banks from Tesla

Mykolaiv region has received 102 powerful “power banks” from Tesla, said Vitaliy Kim, head of the regional state administration, in a telegram.
These are Tesla Powerwall 2.0 energy storage systems with a System Backup Gateway 2 power management source for use in cases of power outages and instability of the local power grid.
On Friday, 30 devices were handed over to healthcare institutions, 38 to educational institutions, 25 to the State Emergency Service, and 9 to social infrastructure institutions.
The project was implemented thanks to the Ministry of Digital Transformation of Ukraine, Tesla, the Institute of Telecommunications – National Research Institute (Warsaw), the Polish government, the American charity Direct Relief, and the Yevhen Pivovarov Charitable Foundation.
According to Kim, the region is actively cooperating to provide the region with alternative sources of generation, in particular, the installation of solar and wind power plants.

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Every third fop closes in first year of operation

Almost 194 thousand new sole proprietorships were opened by Ukrainians in 8 months of 2024, according to the Unified State Register (USR). 60% of new businesses were started by women. During the same period, just over 120 thousand businesses were closed. More than a third of new businesses close in the first year of operation.

193,192 new sole proprietorships were registered since the beginning of the year. This is even more than before the outbreak of full-scale war, when 186,144 new cases were opened in the same period. After a significant decline at the beginning of the great invasion, the number of new registrations has stabilized and has remained at the same level for the second year in a row.

Most new businesses were opened by entrepreneurs in the capital – 26,303 or 13.6% of the total number of new businesses this year. New businesses are also being actively registered in Dnipropetrovs’k (18,025), Lviv (14,459), Kyiv (14,428), and Kharkiv (12,954) regions.

The most noticeable increase in the number of new fops over the year was in Zaporizhzhia region – by 11%, Kirovohrad region – by 10%, and Chernihiv region – by 9.6%. At the same time, business activity slowed down significantly in the frontline Luhansk (-14.7%) and Ivano-Frankivsk (-8%) regions. Despite the fact that Kharkiv region is among the regions with the largest number of new firms, the number of registrations in this region decreased by 6% compared to the previous year.

One third of new businesses are opened in the trade sector, and the IT sector attracts 7.6% of new entrepreneurs. The top three most popular areas for new business start-ups are personal services (7%). It is worth noting that the top has undergone some changes over the year: in 2023, cafes and restaurants were among the leaders, but this year they were replaced by information services.

The share of women among newly minted businessmen reached a record high of 60%. For comparison, in 2023, this figure was 55.6%, and in the first year of full-scale business, it was 47%.
Currently, the number of new cases is 1.6 times higher than the number of closed ones. Thus, 120,154 fops have been closed in Ukraine since the beginning of the year. Newly established businesses suffered the most: 24.5% of those that were opened last year closed, and 13.7% of those that opened this year. The median period of operation of the fops closed this year is 2 years and 7 months.
The largest number of fops closed in Kyiv – 13% (15,770), Kharkiv – 8% (10,097) and Dnipropetrovs’k – 8% (9,931) regions.

https://opendatabot.ua/analytics/foponomics-2024-9

 

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2024 sugar production season has started at three plants in Ukraine

As of August 30, three factories in Vinnytsia, Ternopil, and Lviv regions started sugar beet processing in Ukraine, while the launch of the remaining factories is delayed due to the later harvesting of sugar beets, the industry association Ukrtsukor reports.
“In general, the expectations of a massive early launch of factories this year were not met due to dry weather conditions that complicate the harvesting of sugar beet. A number of plants have postponed the start of processing to a later date,” the business association explained.
According to the industry association, sugar beet has been harvested from 1.2 thousand hectares. The average yield is 50 t/ha, including 35 t/ha in Vinnytsia region, 44 t/ha in Poltava region, 58 t/ha in Ternopil region and 70 t/ha in Lviv region.
As of the same date last year, 2 sugar plants in Vinnytsia and Cherkasy regions started processing beets in Ukraine, Ukrtsukr said.

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New Bulgarian Ambassador arrives in Ukraine

Nikolay Nenchev, who was appointed interim head of our embassy in Kyiv, is in Ukraine.

This was reported by the Bulgarian Foreign Ministry in the program “Around the World and at Home”.

The decision of the interim Cabinet of Ministers to send the former defense minister to Ukraine provoked a strong reaction and disagreement from President Rumen Radev.

Bulgaria recognized Ukraine on December 5, 1991. On December 13, 1991, Ukraine and Bulgaria established diplomatic relations.

Source: https://bntnews.bg/news/nikolai-nenchev-e-v-ukraina-1290564news.html

International golf tournament “Diplomatic Golf for Good” was held at the Lisnyky Golf Club

The international golf tournament “Diplomatic Golf for Good” was held at the Lisnyky Golf Club as part of the celebration of Ukraine’s Independence Day.
The sporting top event of the year – the annual international golf tournament “Diplomatic Golf for Good” was held at the new Lisnyky Golf Club, which was built during the full-scale invasion of Ukraine.

The tournament was supported by Ukrainian Junior Golf Champion Ulyana Novozhilova and Lisnyky Golf Club.

This is the sixth traditional Independence Day tournament among foreign and Ukrainian diplomats, world-class athletes, and representatives of international and Ukrainian business.

Ambassadors Extraordinary and Plenipotentiary, as well as government officials, business elite, world-class athletes and veterans joined the game.
The main goal of the event is to create a platform for informal communication between representatives of different countries, to promote friendship and sports partnership among the nations of the world.

“’Diplomatic Golf for Good’ is an event that goes beyond the field and helps promote a positive image of the country, expand business ties, and most importantly, implement joint ideas and projects. This is true cultural diplomacy in action,” emphasized Inna Kostyria, the founder of the golf tournament.
The event was also attended by Ambassadors Extraordinary and Plenipotentiary and representatives of diplomatic missions: Italy, France, Vietnam, Brazil, Argentina, Sri Lanka, Lithuania, Moldova, Romania, Indonesia, Egypt, Pakistan, Azerbaijan, and Tajikistan.