Business news from Ukraine

Business news from Ukraine

Adonis Medical Group opened new rehabilitation center

Adonis Medical Group has opened a modern physical rehabilitation center in Kiev.
The company informed the Interfax-Ukraine news agency that the Center services are free for Ukrainian servicemen who have been wounded; the programs will be paid for by charitable foundations.
The center is designed for 16 inpatients and a large number of outpatients and has two operating rooms. It is equipped with modern simulators and rehabilitation equipment for restoration of motion function and inclusion of different muscle groups, a shared hospital, and a diagnostic complex for rapid assessment with its own laboratory.
The center specializes in rehabilitation after injuries and contusions, limb injuries, preparing limbs for prosthetics, as well as rehabilitation after strokes, craniocerebral injuries, spinal cord injuries and CNS lesions, rehabilitation after injuries, traffic accidents and accidents, speech rehabilitation, treatment of chronic pain in spinal conditions.
In addition, the center provides training in nursing skills for patient’s relatives and implements ready-made rehabilitation programs at home.
According to Vadim Kerestei, head of the rehabilitation division of the Adonis network of medical clinics, the treatment of wounds sustained during the war requires a comprehensive approach, so the center has a number of specialists working with the wounded.
“We work according to an international protocol and our main goal is to comprehensively cover all the disorders that the patient has. We have a professional team: a physical therapist – he works with movement disorders; an occupational therapist works with the patient to restore self-care skills; a psychologist to stabilize the psychological state. All rehabilitation is designed to comprehensively address all the impairments the patient has: mental, physical and medical, to restore him comprehensively,” he said.
Adonis is a network of private medical centers for adults and children.
Adonis Private Clinic was founded more than 20 years ago. Its network consists of 11 branches in Kiev and Kiev region. Physicians receive patients in 66 medical fields in branches of the clinic.

,

“Kyivstar” and lifecell offer new cybersecurity solutions for their customers

Kyivstar and lifecell have launched new security solutions for their customers: “Kyivstar, in cooperation with Fortinet, a network security company specializing in devices, announced new cyber security solutions, while lifecell announced access to the DefensX browser with enhanced cybersecurity and credential protection to protect Internet users from online threats.
According to Kyivstar’s release, Fortinet solutions will be available in different versions: from physical hardware to specialized virtual machines. In particular, they will be available on a subscription basis.
It is also claimed that customized services to counter cyber threats can be offered, taking into account the needs of companies, with support at all stages of implementation and use.
“The peculiarity of the DefensX browser is that all web pages accessed by the user are opened in the cloud, i.e. remotely from the device traffic and the user’s endpoint, which ensures reliable blocking of malicious code fragments and potential threats,” lifecell explained the essence of its offer.
The company added that the browser’s features also include the ability to block ads and phishing warnings.
DefensX was developed by lifecell’s partner Secure Industries, Inc. The product was available as part of a comprehensive corporate solution for the partner’s B2B customers.
As reported, during the year of full-scale war, Kyivstar’s cybersecurity department successfully blocked more than 450 DDoS attacks on the network and more than 13 thousand phishing attacks.
Earlier, in 2021, Kyivstar business customers already have access to the AntiDDoS service to protect against DDoS attacks (a solution based on FortiDDoS from Fortinet).

, ,

Oil prices are stable, Brent at $85.1 barrel

Oil quotations changed little during the day on Thursday and ended the short week with an active rise.
June Brent futures on London’s ICE Futures Exchange rose $0.11 (0.13%) to $85.1 a barrel by 2:31 p.m.
By the same time quotations of WTI futures for May grew by $0.03 (0.04%) to $80.64 per barrel on the electronic auctions of the New York Mercantile Exchange (NYMEX).
Both grades gained about 6% since the beginning of the week due to the unexpected decision of some OPEC+ countries to voluntarily lower oil production from May to the end of this year. Analysts believe this will lead to a shortage of fuel on the world market later this year.
The oil market was also supported by the data that last week the oil reserves in the USA dropped by 3.74 mln barrels, gasoline reserves – by 4.12 mln barrels and distillates – by 3.63 mln barrels. Analysts on average had predicted a more moderate decline in reserves in all three categories.
“The bullish momentum in the oil market may have subsided, but the upside potential remains given declining supplies,” wrote PVM Oil Associates Ltd. brokerage analyst Stephen Brennock. Stephen Brennock. – The market will experience shortages this quarter, and they will only intensify in the second half of the year.”
Brent and WTI will be traded only electronically on Friday as the world’s leading exchanges will be closed due to the holiday (Good Friday).

,

Kyiv was visited by 270 thousand tourists last year

In 2022, amid the full-scale war unleashed by Russia, 270 thousand domestic and international tourists visited the capital of Ukraine, which is 11.5 times less than in 2021, with 3.12 million tourists, the Tourism and Promotion Department of the Kyiv City State Administration reported during a report to the Public Council.
According to the department’s Facebook page, 98 thousand foreign tourists visited Kyiv in 2022, which is 10.4 times less than in the post-pandemic year of 2021, when 1.02 million travelers from abroad visited the Ukrainian capital.
At the same time, 172 thousand domestic tourists visited Kyiv last year, compared to 2.1 million in 2021. The leaders among the countries of the world in terms of the number of visitors to the Ukrainian capital in 2022 were Israel – 9.1 thousand tourists (against 105.1 thousand a year earlier), Turkey – 6.8 thousand (69.5 thousand), Germany – 6.4 thousand (71.7 thousand), the United States – 5.6 thousand (75.5 thousand) and the United Kingdom – 4.3 thousand (35 thousand). In 2021, Saudi Arabia was in the top five instead of the UK (46.9 thousand).
With the tourist flow falling by more than 10 times, revenues from the tourist tax fell by only half – to UAH 38.8 million from UAH 76 million a year earlier.
The report explains that the capital’s relatively successful tourist tax performance in 2022 was mainly due to visits by foreign delegations and media representatives who visited our city for work.

,

Mining company Ferrexpo cuts output of pellets by 67% in Q1

Mining company Ferrexpo plc with assets in Ukraine produced 901,000 tons of pellets in January-March this year, down 67% from the same period last year.
According to the company’s stock exchange statement on Thursday, the production of pellets in the first quarter of 2023 increased 2.16 times compared with the fourth quarter of 2022 (in October-December last year – 417 thousand tons).
In 2023, only pellets with iron content of 65% were produced.
The total production of commercial products (pellets and iron ore concentrate) for the first quarter of this year decreased by 65% by the first quarter of 2022, but increased 2,1 times to 954 thousand tons by the fourth quarter of 2022. Including commercial concentrate output in January-March 2023 amounted to 53 thousand tons (+32% compared to the previous quarter).
The press release explains that the increase in pellet output in the first quarter of this year was due to the improved power supply, which allowed to restart the second pelletizing line at the end of February 2023. At the same time, the decrease in the group’s production compared to last year is due to operational and logistical constraints since the start of Russia’s full-scale military invasion in February last year.
The company continues to focus on high iron content products.
The Group intends to continue to operate one to two pellet lines in the next quarter, as in the first quarter of 2023, provided there are no further significant changes in the operating environment and logistics availability in Ukraine.
Total iron ore sales were 0.85 million tonnes during January-March 2023 with shipments to European customers by rail and barge.
Ferrexpo CEO Jim North commented that pellet production of 0.9 million tons during the first quarter of 2023 represents a significant increase over the previous quarter and reflects the easing of operational constraints experienced late last year.
“As noted in our recent full year results announcement, we are now able to operate our second pelletizing line (of four) and our logistics networks are able to provide sales volumes to customers in line with this level of demand. Going forward, we aim to balance production volumes with a conservative approach to maintain group balance and liquidity metrics, ensuring stable deliveries to our long-term customers,” North was quoted in the press release.
As reported, Ferrexpo produced 6.053 million tons of pellets in 2022, down 46% from 2021. At the same time, pellet production in the fourth quarter of 2022 decreased by 86% from the fourth quarter of 2021, and by September-December 2022 decreased by 50% to 417,000 tons.
Production of premium pellets with 65% iron content in 2022 was 5.7 million tonnes (down 47%), including 417 thousand tonnes in the fourth quarter (down 28% quarter-on-quarter and 86% year-on-year). Direct reduction of iron pellets (DRI, 67% iron) output last year was 353 thousand tonnes (down 18% q-o-q), which was not produced in Q4-2022.
No pellets with 62% iron content were produced in 2022.
At the same time, total production of commercial products (pellets and iron ore concentrate) in 2022 decreased by 46% to 6.177 million tons, in the fourth quarter, compared to the third, by 49%, and by Q4-2021 – by 85%, to 457 thousand tons. Last year’s output of marketable concentrate fell by 47% to 124 kt, including 40 kt in Q4-2022 (down 38% q-o-q and up 3% q-o-q on the same period last year).
Total annual sales in 2022 were 6.2 million tons, down 46% from 2021.
Poltava GOK has four pellet production lines.
Ferrexpo is an iron ore company with assets in Ukraine.
Ferrexpo owns a 100% stake in Yeristovsky GOK LLC and a 99.9% stake in Belanovsky GOK LLC. Before the September 2022 court ruling, Ferrexpo also owned 100% of Poltava GOK PJSC.

,

Vladimir Zelensky congratulated Jews on Pesach

Ukrainian President Volodymyr Zelensky congratulated Jews on the holiday of Pesach.
“Congratulations to Jews around the world on the occasion of the bright Pesach holiday! May goodness fill our homes and peace reign in our lands and hearts. Concord to all who celebrate Pesach today! Hag Pesach sakeach! ” he wrote on Twitter on Wednesday.

, ,