“Corum Druzhkovka Machine-Building Plant (Corum DrMZ), part of the Corum Group (DTEK Energy), has started manufacturing a 200-ton hoist for Metinvest Mining and Metallurgical Group, the plant reported on Facebook.
“Metinvest’s miners have already started preparing a solid and stable foundation on the air supply shaft No. 3 to install the machine,” the statement said.
Installation of the equipment is scheduled for the fourth quarter of 2024.
The plant also reports that in March it produced 34 units of equipment and more than 111 thousand components and spare parts, including trolleys, anchors, fire pipes and high-pressure hoses, under the conditions of relocation. Also, 35 sections of powered roof supports were repaired.
Corum Group is a leading manufacturer of mining equipment in Ukraine and is part of DTEK Energy, the operating company responsible for coal mining and coal-fired power generation within Rinat Akhmetov’s DTEK holding.
“Corum DrMZ, relocated to Dnipro in 2022, earned almost UAH 500 million in net profit last year, compared to a loss of UAH 452.8 million a year earlier, while net income increased 2.7 times to UAH 1 billion 530 million.
“Metinvest comprises mining and metallurgical enterprises located in Ukraine, Europe and the United States. Its main shareholders are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage it.
In January-March 2024, Ukrzaliznytsia JSC (UZ) increased export transportation to ports by 2.4 times compared to the same period in 2023 – up to 15.347 million tons, while reducing the volume of transportation through land crossings in export traffic by 11.9% to 8.041 million tons, according to an analytical note of the company following the meeting of the Exporters’ Office.
In total, Ukrzaliznytsia transported 44.69 million tons of cargo in the first quarter of this year, which is 28.7% more than in the first quarter of 2023. Export transportation accounted for 52.3%, or 23.9 million tons, up 50.6% year-on-year.
In January-March, the company’s export transportation volume of iron and manganese ore increased 2.4 times year-on-year to 9.89 million tons, grain cargo – by 18.4% to 9.9 million tons, and ferrous metals – by 13% to 1.19 million tons.
In addition, the volume of vegetable oil transportation in export traffic in January-March increased by 7.5% to 424.2 thousand tons, construction materials – by 1.8 times to 545 thousand tons, cement – by 49.2% to 277.8 thousand tons.
Earlier, Oleksandr Kubrakov, Vice Prime Minister for the Reconstruction of Ukraine, Minister of Community Development, Territories and Infrastructure (Ministry of Reconstruction), said that in March 2024, Ukrzaliznytsia transported 16 million tons of cargo in all directions, which is a third more than in March 2023 and 10% more than the record figures for February 2024, when the volume of traffic reached 14.5 million tons.
Real estate investment fund Inzhur intends to cooperate with the international company Colliers to renovate Zhytniy Market in Kyiv.
“Inzhur is ready to turn the neglected Zhytniy Market into a world-class destination. We have held successful negotiations with the specialists of the international company Colliers. They are ready to create a concept for the renovation of Zhytniy Market,” Inzhur’s Telegram channel reports.
According to the report, Colliers’ work will be financed by the fund. Inzhur expects to buy the Zhytniy Market building and turn it into a gastronomic market with street food and a seating area, similar to the TimeOut Market in Lisbon.
As reported, on March 18, the Kyiv City State Administration’s Department of Communal Property announced a tender for the lease of Zhytniy Market. The auction is scheduled for March 25. The starting price is UAH 2.4 million per month. Later, Kyiv Mayor Vitali Klitschko announced plans to announce a new auction and extend the deadline for submitting applications.
For its part, the Inzhur investment fund insists on announcing a privatization auction instead of a lease auction to buy the building from municipal ownership.
Inzhur REIT (Real Estate Investment Trust), the first Ukrainian service for the joint purchase of real estate, was launched in early 2022. The service offers a number of real estate properties leased for 10-25 years to the Ukrainian supermarket chain Silpo and the international fast food chain McDonald’s.
The founder and investor of Inzhur is Andriy Zhurzhii, Chairman of the Supervisory Board of Zhurzhii Ventures Investment Fund. The fund owns Smile Development, a development company that has built and sold more than 35 Silpo and Fora supermarkets to investors, and is developing the Optimisto residential complex in Gatne near Kyiv, and Investment Partners, an asset management company that manages UAH 45 billion in assets in Ukraine and the European Union.
Business can cope with the problem of staff shortage in Ukraine by investing in technological products and process automation, says Ruslan Shostak, owner of Eva and Varus chains and president of TERWIN Corporation.
“I don’t see a big problem (with staff shortage). Yes, it exists, you can’t turn a blind eye to it, but according to statistics, not so many people left Ukraine. Our whole business was inefficient in terms of human resource utilization, which made us uncompetitive with similar businesses in Europe and the world. But there is one solution for this: money. We don’t have money to reconstruct our production facilities and enterprises. If we have money, software products, new robotic equipment, we will be able to solve this issue,” Shostak told Business Wisdom Summit in Kyiv on Wednesday.
According to Shostak, despite a slight outflow of customers, his business is showing growth: last year’s growth was almost 100% in online and 30% in retail. In addition, new logistics hubs are being built in Kyiv, Lviv, and Dnipro.
Shostak noted, while in Ukraine business development is slowed down due to the war and difficult economic situation, global business is undergoing changes and using new opportunities, including artificial intelligence.
“Now we are focusing on geopolitics, but in the next 20 years we will face global economic problems, change of specialties, professions. It is artificial intelligence that is driving the most powerful changes right now,” Shostak believes.
As reported, in October 2023, 17 companies managed by Shostak, which collectively employ 30 thousand people, merged into TERWIN (TERWIN). We are talking about Omega LLC, Rush, Tervin Group, Tixid, Tavria Hub, Instant, Formsite, Digamma, Milton Group, Saltora Plus, Firma Ariant, New Construction 2017, Altair D, Apex N, Aspect D, Lattero, Charitable Foundation Ruslan Shostak BU. The total assets of the corporation are estimated at $1.6 billion. The combined revenue of the companies reached $2 billion in the pre-war period and was expected to reach $1.7 billion in 2023.
In November 2023, Shostak and UkraineInvest CEO Serhiy Tsivkach signed a memorandum on further support of the project for the construction of logistics hubs in four regions of Ukraine (Odessa, Lviv, Dnipropetrovsk, Kyiv) with a total investment of more than $500 million.
BUSINESS, INVESTMENTS, staff shortage, TECHNOLOGIES, TERWIN Corporation, UKRAINE
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Beyond the bank services, such as Ponova by OTP Bank, are a response to the need of customers to receive the maximum number of related services on one platform. Oleg Klymenko, Member of the Management Board of OTP Bank responsible for retail business development, spoke about this at the Digital Lending 2024 conference.
“We offer our customers Ponova by OTP Bank, a marketplace where they can buy a used car. A huge number of partners have been brought together – about 60% of the offers of all used car sellers, which means 20 thousand cars ready for purchase. All cars can be purchased on credit, and each client has a personal manager, while the Bank provides transaction support. Thus, we have “closed the pains” of the client who wants to buy a used car,” the banker emphasized.
According to Mr. Klymenko, another trend in retail banking is that banks are massively developing term loans. “The essence and form of loans applied for by individual clients has changed. Today, installment and cash loans account for 60-70% of all requests. Until 2022, the situation was completely different: installment and cash loans accounted for 30-40%. That is, customers are now taking out mostly term loans, and banks are massively developing this area,” he emphasized.
According to him, almost 90% of installment loans are related to the digital sector. “This customer experience develops when the client knows that he can use it whenever the need arises. The main magic is related to the digital products and services of banks that help to gain this experience,” the banker said.
O. Klymenko said that OTP BANK offers several types of installments available in the OTP Bank UA app. “The client has a choice. For example, you can choose a product in a store or on the website of a partner network, and then buy it in installments – this is “Slice from partners”. Or you can do the opposite – first buy something, and then get the money back to your card at the expense of the credit limit. This is an installment plan that we are actively developing,” he said.
Tyson Fury is undefeated in his 35-fight career
Tyson Fury says Oleksandr Usyk is too small to compete with him in their undisputed heavyweight world title fight.
Briton Fury, 35, is the WBC champion, while Ukraine’s Usyk, 36, holds the WBA, WBO and IBF belts.
Fury said former cruiserweight champion Usyk will be “found wanting” on 18 May in Riyadh, Saudi Arabia.
“You can beat the average big ones but you can’t beat the elite big ones,” he said.
“Size is what really matters and we have weight divisions for a reason.”
A former undisputed champion at cruiserweight, Usyk beat Briton Anthony Joshua to become unified heavyweight champion in 2021.
The most recent undisputed heavyweight champion was Britain’s Lennox Lewis in 1999. Fury-Usyk will be the first time in the four-belt era that every title is on the line.
February’s bout was rescheduled after Fury suffered a cut in a freak sparring accident two weeks before the fight.
Fury described himself as an “encyclopaedia in boxing” and listed several cruiserweight greats, including Evander Holyfield and David Haye, who were beaten after stepping up to heavyweight.
He said Usyk’s previous opponents, such as Britain’s Daniel Dubois, had “limited ability”.
“If Tyson Fury can’t beat Usyk, Tyson’s no good. End of,” he said.
“This is my time, my destiny, my era and my generation. Facts.”
After his manager, trainer and promoter predicted a knockout win for Fury, he ended the news conference by joking that Usyk would knock him out in the first round.
Fury’s co-promoter Frank Warren said the fight is the “biggest of the 21st Century”.
