Business news from Ukraine

Today, from 18:00 to 22:00, Ukrenergo will introduce power supply restrictions for industrial consumers in all regions

Controlled power supply restrictions for industrial consumers (power limitation schedules) will be applied from 18:00 to 22:00 on Wednesday, the press service of NPC Ukrenergo reports.

According to the press service, consumption restrictions for business and industrial enterprises will be evenly distributed in all regions of Ukraine.

At the same time, the power supply to critical infrastructure facilities and defense companies will not be limited.

“The need to limit energy supply is a consequence of Russian massive missile and drone attacks on Ukrainian power plants. Due to the deteriorating weather conditions in Ukraine, electricity consumption has increased significantly. The power system remains short of capacity,” explained NPC.

“We ask all consumers to consume electricity sparingly. And industry and business to use electricity imports and alternative power sources as much as possible,” the company added.

Ukraine to review safeguard duty on imports of roses

The Interdepartmental Commission on International Trade (ICIT) has initiated a review of safeguard measures on imports of cut fresh roses to Ukraine, regardless of the country of origin and export, due to the expiration of the measures.

As stated in the decision of the ICIT dated April 12, which came into force on April 17 and was published in the Uryadovy Courier newspaper, Ascania-Flora LLC proposed to extend the special duty on imports of roses to Ukraine introduced three years ago: the duty rate in the first year of its validity was 56%, in the second year – 44.8% and in the third year – 35.84%.

The Ministry of Economy provided the results of consideration of this appeal, according to which the application of safeguard measures had a positive impact on the activities of the domestic producer, but did not fully eliminate the consequences of the damage caused to it.

The ICIT concluded that Ascania-Flora’s application contained sufficient information to indicate that the domestic producer was in the process of adapting to the conditions of competition.

Thus, the ICIT decided to review the safeguard measures on imports of fresh roses (UCG FEA code 0603 11 00) and their exports to Ukraine and entrusted it to the Ministry of Economy.

As reported, the ICMT’s decision of April 16, 2021, to impose a special duty on the import of roses was published in the Uryadovyi Kurier newspaper on April 21 of that year and entered into force 30 days after the date of publication.

According to the State Statistics Service, in January-February of this year, Ukraine imported 470.08 thousand pieces of cut roses, or 20.6 tons, worth $149 thousand. The main supplier of them is Ethiopia – 392.43 thousand pieces for $2103.5 thousand.

In turn, Ukraine exported 72.65 thousand roses worth $50.7 thousand to Lithuania and Moldova in two months.

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“Centravis” increased pipe production by 14%

Centravis Production Ukraine, a part of Centravis Ltd. holding, increased pipe production by 14% year-on-year to 3.2 thousand tons from 2.8 thousand tons in January-March this year.

According to a press release on Wednesday, citing Andriy Krasiuk, the company’s production director, the company has reached a good production rate.

“We are doing our best not to slow down and, most importantly, not to stand still. Despite the difficult situation in the country, we continue to invest in new developments. Recently, our team took part in the international Tube exhibition in Düsseldorf. We received a lot of interesting information from there. We are analyzing global trends and preparing to process requests from potential customers,” said Krasiuk.

As reported, Centravis increased production by 12% to 12.2 thousand tons in 2023. More than 98% of its products are exported.

“Founded in 2000, Centravis is one of the ten largest producers of seamless stainless steel pipes in the world. Its main production facilities are located in Nikopol (Dnipropetrovska oblast). In 2023, the company opened a branch in Uzhhorod.

Centravis Holding Ltd. was established on the basis of Nikopol Stainless Pipe Plant CJSC, service and trading companies of Production and Commercial Enterprise YUVIS LLC. Its shareholders are members of the Atanasov family. Centravis Ltd. owns 100% of the shares in Centravis Production Ukraine.

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US may transfer long-range ATACMS to Ukraine

The administration of US President Joe Biden is preparing a new aid package for Ukraine worth about $1 billion, which is to be approved by Biden after the Senate passes a new bill on foreign aid funding, CNN reported on April 23, citing its sources.

It is noted that the United States is likely to send Ukraine long-range ATACMS, or Army Tactical Missile Systems, for the first time as part of the new aid package.

According to CNN, earlier Senator Mark Warner, chairman of the Senate Intelligence Committee, expressed hope that the ATACMS missiles would be sent to Ukraine by the end of next week. “This should have happened six months ago. The next best time is right now,” Warner said.

The package is also expected to include ammunition, including air defense and artillery munitions, Bradley fighting vehicles and other weapons.

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Ukraine to attract EUR100 mln from Council of Europe to restore healthcare

At a meeting on Tuesday, April 23, the Cabinet of Ministers of Ukraine adopted a decision that will help attract an additional EUR100 million from the Council of Europe Development Bank to restore Ukrainian healthcare, Prime Minister Denys Shmyhal said.

“Another decision adds EUR15 million from the European Investment Bank as part of the financing of the bank guarantee program. This will improve the conditions for obtaining preferential loans for Ukrainian small and medium-sized enterprises,” he said, according to the government’s press service.

In addition, the European Commission has supported Ukraine’s plan under the Ukraine Facility program. According to the Prime Minister, EUR1.5 billion is expected to be received this week under this EU program.

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