Business news from Ukraine

Business news from Ukraine

VELTA Group decided to build plant in U.S. rather than in Ukraine because of war

Velta Group of Companies with titanium ore mining assets in Novomirgorod (Kirovograd Region) decided to build a plant to produce titanium products using its own innovative technology in the United States instead of Ukraine and the UAE because of the war.
The company’s president, Andrei Brodsky, said on Facebook on Sunday that it has been more than two weeks since he returned from a business trip to Washington, D.C.
“Before the full-scale war began, we, VELTA, were starting to build a pilot plant to make titanium products using our own technology. We obtained a lease on an industrial facility in Novomoskovsk, began repair and construction work and the purchase of equipment. We also received a long-term lease on the territory of a former mine next to our mining and processing facility in Novomirgorod in Kirovograd region and began designing a large enterprise. It has to be a new Ukrainian industrial giant. Everything was stopped by the war”, stated the CEO.
According to him, near the future enterprise “two Russian missiles flew in, right above our mine our air defense shot down another one, there was a threat of a quick breakthrough front”.
In order “not to give high-tech developments to the enemy,” they decided to create the first enterprise for the processing of titanium raw materials outside of Ukraine. “It was a forced and very difficult decision,” said the co-founder of VELTA.
At the same time, he noted that the company had very strong ideas to build an enterprise in the UAE.
But the UAE has taken an unclear position with regard to Ukraine, “Kadyrovites and simply fugitive Russians have created their own almost hub there, and I stopped to consider Dubai or Abu Dhabi as an attractive haven,” Brodsky said. He also noted that he had to reformat his plans concerning titanium products: “Even now I really want to produce purely civilian products. And we are going to do that. Perhaps later… Now the market says completely different things. The world has completely changed with the start of a full-scale war in Ukraine.
According to Brodsky, it was decided to build the company in the United States, which is Ukraine’s main and reliable ally in the fight against Russian invaders and also the leading leader in technology and weapons production.
PKF VELTA LLC was registered in April 2000. The main activity is the extraction and production of ilmenite concentrate.
VELTA Holding LLC owns 100% of PKF VELTA LLC. The ultimate beneficiaries are three individuals: Andrey Brodsky (60%), Vadim Moskalenko (20%) and Vitaly Malakhov (20%).

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Number of refugees from Ukraine with temporary protection status in Europe exceeds 5 million for first time

The number of refugees from Ukraine registered for temporary protection or similar national protection schemes in Europe reached 5 million 8.28 thousand as of March 28, 2023, the UN High Commissioner for Refugees (UNHCR) said on its website.
In the nearly two months since Jan. 31, the increase was 185,15,000, up from 72,300 in the previous slightly longer period, and a total of about 2 million since the end of May 2022.
The number of refugees with Temporary Protection status in Europe, towards the end of January, was very close to the mark of 5 million, reaching 4.95 million. But then the data of Germany was updated for two months, which recorded a decrease of Ukrainians in the country with such status immediately by more than 140 thousand – down to 881,4 thousand.
The next update of this data for Germany at the end of March showed growth again – up to 922.66 thousand.
According to UNHCR data, collected from the national governments, most refugees with temporary protection statuses are still in Poland – 1 million 577,29 thousand for almost two months their number increased by 14 thousand. Total number of refugees from Ukraine, according to the Polish border service since the war began, was 10.819 million people, and in the opposite direction to Ukraine 8.966 million left.
The third place in the receipt of Ukrainians is occupied by the Czech Republic, where the number of people registered for temporary protection increased from the end of January by 16.9 thousand – to 502.0 thousand.
The fourth place is occupied by the United Kingdom – 191,9 thousand (with increase of 33,1 thousand).
Italy now occupies the fifth place – 173.21 thousand (an increase of 2.9 thousand), and Spain is on the third place with a small gap – 171.87 thousand (an increase of 10.9 thousand).
Bulgaria goes next with an indicator of 155.46 thousand (3.8 thousand increase), and Romania – 123.76 thousand (an increase of 12.9 thousand).
There are more than 100 thousand Ukrainians registered for temporary protection in two countries – France and Slovakia: 118.99 thousand (data as of October 21) and 112.72 thousand (increase by 5.7 thousand).
Austria also has from 50 thousand to 100 thousand refugees from Ukraine with temporary protection status – 94.98 thousand (2.5 thousand more), the Netherlands – 89.73 thousand (4.5 thousand more), Switzerland – 83.43 thousand (4.5 thousand more), Lithuania – 76.16 thousand (2.6 thousand more).
These figures also include Ireland – 78.03 thousand (growth by 5.4 thousand), Belgium – 69.25 thousand (growth by 4.9 thousand), Portugal – 58.24 thousand (growth by 1.1 thousand), Sweden – 53.51 thousand (growth by 2.3 thousand) and Finland – 52.47 thousand (growth by 3.2 thousand).
Latvia goes next with indicators from 25 thousand to 50 thousand – 46.86 thousand (an increase of 1.6 thousand), Estonia – 44.40 thousand (an increase of 1.6 thousand), Norway – 44.01 thousand (an increase of 5.4 thousand), Denmark – 39.22 thousand (an increase of 1.5 thousand) and Hungary – 34.25 thousand (an increase of 0.7 thousand).
From 10 to 25 thousand refugees from Ukraine with temporary protection status in Cyprus – 21.84 thousand (an increase of 1.2 thousand), in Croatia – 21.35 thousand (an increase of 0.9 thousand), and in Greece – 20.96 thousand (data of December 6).
In addition, the UN statistics on refugees of Ukraine received temporary protection status in Slovenia – 8.92 thousand, Montenegro – 8.30 thousand, Luxemburg – 6.76 thousand (data of October 25), Iceland – 2.35 thousand (data of December 31), Malta – 1.74 thousand, Serbia and Kosovo – 1.28 thousand, Liechtenstein – 0.54 thousand and Albania – 0.03 thousand.
The UN also indicates countries with registered refugees from Ukraine, but no data on their status: Moldova – 107.01 thousand, Turkey – 95.87 thousand, Georgia – 25.70 thousand, North Macedonia – 6.57 thousand, Azerbaijan – 5.03 thousand, Armenia – 0.55 thousand and Bosnia and Herzegovina – 0.17 thousand.
The UN separately indicates Russia and Belarus, where the Ukrainian border was crossed by 2 million 852.4 thousand and 16.71 thousand people, respectively, but since October 3, the data for Russia are no longer updated, while that for Belarus is even older. According to the UN, the Russian Federation recorded all who crossed the border, while in Belarus – 21.83 thousand. There are no data on their status, as well as data on crossing the border of Ukraine in the opposite direction.
According to the UNHCR data as of March 28, a total of 19.741 million people left Ukraine since the beginning of the war (not counting the flow of people into the country), including 10.452 million people to Poland, 2.852 million people to Russia (data of October 3), 2.415 million people to Hungary, 2.154 million people to Romania, 1.267 million people to Slovakia, 795.6 million people to Moldova and 16.7 thousand people to Belarus.
At the same time, according to the UN, 11.200 million people arrived in Ukraine from February 28, 2022 to March 28, 2023 (excluding the data of Hungary, Russia and Belarus).
The organization recalls that in mid-2021, there were only 53.47 thousand Ukrainian refugees in the world, who sought the appropriate status, including 36.49 thousand in Europe.
The Ukrainian diaspora in the world by mid-2020, UNHCR estimated at 6.1 million, including in Europe – 5 million.

In Ukraine, wet snow is expected in some regions on Monday

Wet snow and icy roads in places are expected on Monday in the western regions of Ukraine with temperatures ranging from 3° C to 2° Frost at night and 0-5° C during the day.
The rest of the country will be rainy, the night temperature will be 2-7° warm, during the day – 4-9°, in the eastern regions – 7-12°, in the south up to 15°, Ukrhydrometecenter said.
The wind is mainly northwestern, 7-12 m / s, in the western and southern regions in some places gusts of 15-20 m / s.
April 3, rain in Kiev. The wind is mainly northwest, 7-12 m/sec.
The temperature at night is 4-6°C, while during the day it is 6-8°C.
According to the Central Geophysical Observatory. The highest daytime temperature on April 3 in Kiev was 25.0°C in 1990, the lowest night-time temperature was -10.4°C in 1931.
Tuesday, April 4, in the western part of Ukraine, there is wet snow at night in the northern regions, rain during the day in most southern and central regions; the rest of the territory is without significant precipitation.
Frosty roads in the western part of the country.
Winds are mostly northeasterly, 7-12 m/s.
The temperature at night in the western, Zhytomyr and Vinnytsia regions is 0-5° frost, in the Carpathians up to 10° frost, during the day 0-5° heat; in the rest of the territory at night 1-6° warm, during the day in the southern and eastern parts of the country 12-17°, in most northern and central regions 4-9° warm.
In Kiev, April 4, it is raining at night, while during the day there are no significant precipitations.
The wind is northeastern, 7-12 m/s.
The temperature at night is 4-6° warm; during the day – 6-8°.

“Ukrprofzdravnitsa” reduced net loss by 1.9 times in 2022

Net loss of medical and health institutions of trade unions of Ukraine, association of Ukrainian market of health-resort services PJSC “Ukrprofzdravnitsa” in 2022 decreased 1,9 times compared with 2021 and amounted to 35,5 million UAH.
As reported by the company in the information disclosure system of NKTSBFR, financial results of “Ukrprofzdravnitsa” and its subsidiaries will be approved at the general annual meeting of shareholders on April 24.
According to the report, assets of Ukrprofzdravnitsa in 2022 decreased by 4% and amounted to 928 mln hryvnia. Total accounts receivable decreased by 6.4% to UAH 120.6 mln. At the same time, current liabilities increased insignificantly up to UAH 97.3 mln, while there were no long-term liabilities at the end of the year.
The company’s uncovered loss last year increased 20% to UAH 234.7 mln.
The shareholders also intend to increase the share capital of Khmelnik Clinic (Vinnitsa oblast) by UAH 5.5 mln to UAH 19.9 mln.
It is also planned to change the name of Ukrprofzdravnitsa’s subsidiary, Clinical Sanatorium named after Gorky (Odessa region). It is also planned to change the name of a subsidiary of Ukrprofzdravnitsa – Gorky Clinical Sanatorium (Odessa) to “Clinical Sanatorium “First Recreational and Rehabilitation” and to make appropriate changes in its charter.
“Ukrprofzdravnitsa” created by the Federation of Trade Unions and the Social Insurance Fund of Ukraine on disability (FPSU and FSSU). It is the largest enterprise in the medical and health institutions of the country and in general unites 42 spa and sanatorium enterprises. According to the website of “Ukrprofzdravnitsa”, it has 61 sources of mineral water and 13 fields of therapeutic mud.

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Clay miner Keramprom cut its profit by 45%

Keramprom PJSC (Artemivka village, Donetsk region), which mines clay in Donetsk region, has reduced its net profit by 44.5% in 2022 as compared with 2021 – to UAH 11.365 million from UAH 20.494 million.
According to the data to the agenda of the annual meeting of shareholders, scheduled for April 25, which will be held remotely, the undistributed profits at the end of last year amounted to UAH 70.285 mln.
At the meeting it is planned to summarize the work in 2022 and distribute profits.
At that it is suggested to allocate net profit received by the company according to the results of work in 2022 in the amount of 11 million 365.444 thousand UAH for the payment of dividends. To pay out dividends on common registered shares of the company out of all profits for 2022 and also undistributed profits in the amount of 20 million 492,594 thousand UAH. To approve the amount of dividends amounting to UAH 31 mln 858.039 th., per one common registered share – UAH 101.45.
PJSC “Keramprom” (village Artemivka, Donetsk region) was founded in 1997, is engaged in clay production. Its production capacities amount to 300 thousand tons of clay a year. According to the company’s website, it is currently developing the Chilne deposit of white refractory clay in Kostyantynivka district of Donetsk region.
According to the NDE for the fourth quarter of 2022, shares of PrJSC “Chilne” are owned by Valery, Igor and Boris Bevzenko (49,8708%, 30,2515% and 8,9999% respectively), Anatoly and Larisa Popov (5,1757% each).
The registered capital of Keramprom PJSC is UAH 25.75 mln.

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U.S. may announce additional military aid to Ukraine on Monday

The U.S. authorities on Monday may announce the allocation of another package of military aid to Kyiv, this time in the amount of $2.6 billion, according to Western media, citing U.S. officials.
The package, among other things, will include various types of ammunition, anti-tank weapons, air surveillance radar, equipment for crossing water barriers, recovery vehicles, and missiles for NASAMS air defense systems.
The reports note that work on this military assistance in the United States has not yet been completed, and therefore changes may occur in the list of transferred weapons.

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