Business news from Ukraine

Ukraine increased coke imports by 4.9 times

In January-April this year, Ukraine increased imports of coke and semi-coke in physical terms by 4.86 times compared to the same period last year, up to 156.255 thousand tons.

According to statistics released by the State Customs Service (SCS) on Friday, coke imports in monetary terms increased 3.5 times to $56.096 million during this period.

In the first four months of the year, the country exported 46 tons of coke worth $16 thousand to Moldova (93.75%) and Latvia (6.25%) (in January and March 2014, there were no exports, in 4 months of 2013, 32.168 thousand tons of coke and semi-coke were exported for $16.095 million).

Imports were carried out mainly from Poland (89.84% of supplies in monetary terms), China (5.72%) and the Czech Republic (3.49%).

As reported, in 2023, Ukraine reduced imports of coke and semi-coke in physical terms by 8.5% compared to 2022 – to 328.697 thousand tons, while imports in monetary terms decreased by 25.8% to $129.472 million.

In 2023, Ukraine exported 3,383 thousand tons of coke, down 12.3% compared to 2022. In monetary terms, it decreased by 22.2% to $787 thousand.

Exports were carried out to Moldova (100% of supplies in monetary terms), while imports were mainly from Poland (88.47%), Colombia (7.72%) and the Czech Republic (3.15%).

In 2022, Ukraine decreased exports of coke and semi-coke in physical terms by 98% compared to the previous year to 3,856 thousand tons, and in monetary terms by 97.6% to $1,011 million. The main exports were made to Hungary (42.63% of supplies in monetary terms), Georgia (37.69%) and Turkey (17.41%).

In 2022, Ukraine imported 359.192 thousand tons of coke and semi-coke, which is 54.5% less than in 2021. In monetary terms, imports decreased by 50.3% to $174.499 million. Imports were carried out mainly from the Russian Federation (43.43% of supplies in monetary terms, before the war), Poland (30.07%) and the Czech Republic (13.15%).

As a result of the war, a number of mines and coke plants are located in the territories temporarily not controlled by Ukraine.

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Ukraine increases copper imports by 41%, decreases exports by 8%

In January-April this year, Ukrainian companies increased imports of copper and copper products by 41.4% in value terms compared to the same period last year, to $53.034 million.

According to customs statistics released by the State Customs Service of Ukraine on Friday, exports of copper and copper products decreased by 8.1% to $25.077 million over the period.

In April, Ukraine imported $11.015 million worth of copper and exported $6.949 million.

In addition, in January-April 2024, Ukraine increased imports of nickel and products by 60.1% compared to the same period in 2023 to $8.484 million (in April – $787 thousand million), aluminum and aluminum products by 26.6% to $136.761 million (in April – $38.235 million).

At the same time, it reduced imports of lead and lead products by 13.8% to $406 thousand (in April – $124 thousand), imports of tin and tin products increased by 10.2% to $887 thousand (in April – $267 thousand), and increased imports of zinc and zinc products by 59.9% to $17.217 million (in April – $5.357 million).

Exports of aluminum and aluminum products in the first four months of 2024 increased by 5% compared to the same period a year earlier to $33.008 million (in April – $9.608 million), lead and lead products decreased by 35.3% to $3.537 million (in April – $703 thousand), nickel and nickel products amounted to $217 thousand (in April – $123 thousand), while in January-April 2023 it was $104 thousand.

Zinc exports for the first four months of this year amounted to $73 thousand (in April – $29 thousand), while in January-April 2023 it amounted to $48 thousand. Exports of tin and products amounted to $107 thousand (in April – $26 thousand) against $48 thousand in the same period a year earlier.

As reported, in 2023, Ukraine increased imports of copper and copper products by 2.2 times compared to 2022 – up to $140.795 million, while exports decreased by 20.1% to $72.078 million.

In addition, in 2023, Ukraine decreased imports of nickel and products by 74.2% compared to 2022, to $15.391 million, and increased imports of aluminum and aluminum products by 7.7%, to $366.463 million.

At the same time, it reduced imports of lead and lead products by 65.2% to $989 thousand, imports of tin and tin products by 23% to $2.728 million, but increased imports of zinc and zinc products by 18.8% to $45.966 million.

Exports of aluminum and aluminum products last year increased by 0.7% compared to 2022 to $97.616 million, lead and lead products increased by 23.5% to $14.778 million, and nickel and nickel products amounted to $532 thousand, while in 2022 it was $1.268 million.

In 2023, the company exported $130 thousand worth of zinc, compared to $1.331 million in 2022. Exports of tin and tin products amounted to $159 thousand against $424 thousand in 2022.

In 2022, Ukrainian enterprises reduced imports of copper and copper products in value terms by 64.3% compared to the previous year to $65.370 million, while their exports decreased by 56.3% to $90.245 million.

In addition, in 2022, Ukraine reduced imports of nickel and nickel products by 49.9% compared to 2021, to $59.754 million, and aluminum and aluminum products by 33.4%, to $340.398 million. At the same time, it reduced imports of lead and lead products by 66.6%, to $2.839 million.

Imports of tin and tin products fell by 33.5% to $3.312 million, while imports of zinc and zinc products decreased by 58.7% to $38.690 million.

In 2022, exports of aluminum and aluminum products decreased by 42.7% compared to 2021, to $96.972 million, lead and lead products – by 68.7%, to $11.970 million, and nickel and nickel products – by 73.9%, to $1.268 million.

Zinc exports in 2022 amounted to $1.331 million, while in 2021 they amounted to $550 thousand. Exports of tin and products in 2022 amounted to $424 thousand, compared to $346 thousand in the previous year.

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Kiev insurer “Express Insurance” has paid out almost UAH 150 mln for 4 months

IC “Express Insurance” (Kiev) in January-April of this year made payments to the amount of UAH 148.3 million, which is 61.3% more than the same period of 2023.

According to the insurer’s website, including payments on CASCO amounted to UAH 125 million (58.2% more), on MTPL – UAH 19.6 million (+2.1 times), VHI – UAH 2.1 million (-11.9%), from other types of insurance – UAH 1.6 million (+14.9%).

Express Insurance Ltd. was founded in 2008 and is a part of UkrAvto group of companies. The company specializes in motor insurance. Since April 2012 it is an associate member of the Motor Transport Insurance Bureau of Ukraine.

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President of Slovak Republic arrives in Kyiv

President of the Slovak Republic Zuzana Chaputova arrived in Kyiv on a farewell visit, the press secretary of the Slovak head of state Martin Stryzhynets said, Extra Plus reports.

It is noted that for security reasons, the program of the visit is not reported.

“President of the Slovak Republic Zuzana Chaputova arrived in Kyiv on Friday morning on a farewell visit to Ukraine, the press secretary of the head of state Martin Stryzhynets said. The president’s term in office is coming to an end. During her farewell visits, she visits different countries,” the newspaper writes.

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Demand for land and real estate in Ukraine increased 1.5 times – statistics

Land plots are being bought even more than in 2021

Ukrainians began to buy and sell land and real estate more actively in the first quarter of 2024, according to the Unified Register of Notarial Forms of the Ministry of Justice. Over 185,000 land alienation agreements were registered during this period. This is 36.4% more than before the full-scale invasion. And alienations of other real estate increased by 55% – but this is still less than in 2021.

In 2024, Ukrainians are more likely to sell or transfer land to other ownership. In particular, 185 thousand land alienation agreements were drawn up by notaries in the first quarter of 2024. This is 56% more than in the same period last year: then notaries certified almost 119 thousand such forms.

The number of such agreements is already a third higher than before the start of the full-scale war. Back then, in 2021, more than 136 thousand land alienation agreements were formalized.

At the same time, the number of alienations of real estate other than land has increased by one and a half times this year. Thus, in the first quarter of this year, notaries certified more than 181 thousand such forms. For comparison, in the same period last year, there were almost 117 thousand such transactions.

However, this is still 16% less than before the full-scale campaign began: just over 216 thousand forms were used for land alienation.

It should be noted that one notarial act does not always require only one notarial form. Accordingly, the number of actions is approximate and is compared to previous years.

It should be reminded that the total number of notarial forms used last year increased by 2.6 million) , but still remains lower than before the outbreak of full-scale war.

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Company from Galnaftogaz holding to buy two agricultural companies

On Thursday, the Antimonopoly Committee of Ukraine (AMCU) allowed GNG Retail Limited (Nicosia, Cyprus), a holding company of Galnaftogaz, to acquire stakes in the authorized capital of Gadz-Agro LLC with a land bank of 25 thousand hectares and Ukrpolfrukt LLC (both in Tribukhivtsi village, Buchach district, Ternopil region).

According to the agency’s website, applications for the acquisition of shares were received by the AMCU on March 29, 2024, the size of the shares is not specified.

According to the website, Gadz-Agro was founded in 2004 in Chortkiv district of Ternopil region and currently leases about 25 thousand hectares located in one area in three districts of Ternopil region. The company is engaged in the production and sale of basic and certified seeds, cultivation and storage of grain and industrial crops, their trade, production of flour and cereals, as well as breeding of dairy cattle. Petro Gadz owns 100% of Gadz-Agro.

According to the Opendatabot project, in 2023, the company reduced its net profit by 28.2 times to UAH 11.49 million, while its revenue increased by 19.1% to UAH 2 billion 274.15 million and its assets increased by 20.1% to UAH 4 billion 247.65 million. During the year, the number of employees increased by 35 people to 1,017.

Ukrpolfrukt LLC was established in 2017 and specializes in growing berries, nuts, pome and stone fruits, fruit trees and shrubs, and nursery farming. Petro Gadz owns 75% of the company, while Taras Melnyk and Oleg Hrytsak own 15% and 10%, respectively.

In 2023, the company increased its profits and assets by 4.2 times to UAH 2.182 million and UAH 11.22 million, respectively. At the same time, the company’s debt obligations increased 16.8 times to UAH 6.75 million, and revenue decreased by 33.4% to UAH 7.39 million. It has 1 employee.

GNG Retail Public Limited is the holding company of Galnaftogaz. It owns 90% of the shares. The founder and ultimate beneficiary of the group is Vitaliy Antonov, and the European Bank for Reconstruction and Development owns a minority stake in GNG Retail Public Limited.

In addition, on Thursday, the AMCU granted permission for Saroubas Limited, a company controlled by Antonov, to purchase more than 50% of Developer AV LLC and Developer VD LLC, which organize the construction of buildings (both in Lviv), owned equally by Israeli citizen Alon Holstein and Austrian citizen Maximilian Dejako through Cyprus-based Pleinmont Capital Ltd.