“Nova Posta enters the Lithuanian market and opens its first branch in Vilnius and plans to open a second branch in Kaunas, Lithuania’s second-largest city, co-founder of Nova Posta said in a few months. Vyacheslav Klimov, co-founder of Novaya Posta.
“We plan to open two branches in Lithuania: a cargo branch in Vilnius this month and a post office in Kaunas in a few months,” Klimov told the Interfax-Ukraine news agency on the sidelines of the Forbes Ukraine Exporters Summit in Kiev.
According to him, this year it is also planned to open offices in the Czech Republic, Romania and Germany and to expand the network in Poland to all the provinces.
At the same time, the company is not considering opening post offices in Poland and Lithuania. “Both Poland and Lithuania are quite densely covered by post offices of different companies, so it is more reliable now feel the strategy to come with our offices and our address delivery,” Klimov explained.
Co-owner of “New Mail” confirmed plans to open branches in Germany this year and noted that the company is attracted by the capacity of the markets, because the number of parcels per capita in Poland is 2-3 times, and in Germany – 3-4 times more than in Ukraine.
Sources of funding the expansion to foreign markets are the company’s own funds, Klimov said. In Ukraine, the company plans to continue to open new offices, install postal terminals, and also in the fall will complete the construction of two new sorting centers Kiev-East and Odessa.
Founded in 2001 Nova Posta Group is the biggest participant of Ukrainian logistics market: its network consists of about 10 ths offices and 13 ths postal terminals throughout Ukraine. The number of shipments in 2021 exceeded 372 million. Besides, a non-banking financial institution NovaPay provides services for money transfers and e-money transactions. There were 388 million transactions in 2021.
Detailed results of GC in 2022 have not yet been announced, but Klimov stated that the number of shipments at the end of the year will be restored to 95% of the pre-war level.
The group also includes Nova Posta Global, which is developing an international partner network to provide customers with express delivery services not only in Ukraine but also abroad. The company performs regular flights to the U.S., Europe and China and delivered 9.3 million international shipments in 2021.
Ukrainian military in six months opened in the state-owned PrivatBank (Kiev) special deposits “Glory to heroes” for 2 billion UAH, and in Oschadbank deposits “My defender” – for 12.9 billion UAH, according to press services of the banks.
According to the head of Oshchadbank Sergei Naumov, since the beginning of the year the amount of deposits on special deposits increased by 30%.
Oschadbank offers increased interest rates on this deposit in the amount of 13% per annum (for deposits for a period of three months) and 14% per annum (for a period of six months).
Monthly payment of interest, replenishment, rollover and changing the date of deposit return before the end of the contract without loss of accrued interest is provided on the deposit. The minimum deposit amount is 5000 UAH.
Except for servicemen, volunteers of Armed Forces of Ukraine and Territorial Defense members of their families (spouse, husband, parents or children) can open a deposit in the branches of Oschadbank on presentation of supporting documents.
The deposit “Glory to Heroes” from PrivatBank gives the opportunity to get 14% per annum for servicemen, who receive target payments from the state through PrivatBank.
The mining company Ferrexpo with assets in Ukraine points to the illegality of the revocation of one of the licenses – for the exploration of the Haleshchyna (Kremenchug) deposit of ferruginous quartzites – after the sanctions were imposed on the Belanovsky mining and processing plant (BGOK, Gorishny Plavni, Poltava region), a part of the group.
According to Ferrexpo’s annual report, on June 24, 2021, the official website of the president published a decree enacting the decision of the Rada of National Security and Defense of Ukraine on the application of personal special economic and other restrictive measures and sanctions.
BGOK is included in the list of legal entities subject to sanctions.
“The decree and the decision do not contain legal grounds for the application of sanctions,” the group believes.
At the same time, it is specified that the sanctions revoke the license to develop the Galeshchino deposit, one of the two licenses owned by BGOK.
The company continues to defend its interests in courts. The next court hearing is scheduled for April 3, 2023.
The Galeshchinskoye deposit is at the exploration stage and is located to the north of the group’s active mining operations.
As reported, Ukrainian President Volodymyr Zelensky signed a decree on June 24, 2021, which enacted a decision of the National Security and Defense Council to permanently cancel the licenses of nine mining companies, including BGOK, which is part of Konstantin Zhevago’s Ferrexpo group. The decree cancels the special permit for the use of subsoil resources at the Galeshchynskoe (Kremenchug) iron ore deposit from 2004 to 2036.
Ferrexpo is an iron ore company with assets in Ukraine.
Ferrеxpo owns a 100% stake in Yeristovskiy GOK LLC and a 99.9% stake in Belanovskiy GOK LLC. Before the September 2022 court ruling, Ferrexpo also owned 100% of Poltava GOK PJSC.
Number of refugees from Ukraine in selected countries as of 31.01.2023
Source: Open4Business.com.ua and experts.news
Terra Food, a large Ukrainian dairy producer, increased its export revenues in 2022 by 15% up to $41 mn, the company’s export director Maxim Voytovych said at the Exporters Summit organized by Forbes Ukraine.
According to him, the sales increase was possible due to the diversification of the export portfolio and flexibility with which the company reacts to the changes in the consumer sentiment in Europe.
He pointed out that the headliner of the company’s sales in Poland was a vegan analogue of the butter TM NATURALE. The company also launched this brand on the Baltic, Bulgarian and Hungarian markets and plans to supply Germany.
The B2C segment now accounts for 60% of Terra Food’s export portfolio, and the rest is B2B.
The company is also beginning a major expansion into the Chinese market, which it postponed because of full-scale Russian aggression.
“In March 2022 we were planning a large-scale expansion into China. We postponed that case because of the war, but we will launch that project in the near future. If you want to enter China, you can’t do it on the phone – you have to be present there, work with distributors,” Voytovich said, noting that a feature of the Chinese market is “risk aversion.”
Terra Food (TM “Ferma”, Premialle, “Tulchinka”, “Bila Line”) produces products in Ukraine at five companies.
The enterprises on operations with scrap ferrous metals in January-February this year, reduced the procurement of scrap metal by 70.7% compared to the same period last year – to 152.2 thousand tons from 520.4 thousand tons.
As reported in the operational information of the Ukrainian Association of Secondary Metals (UAVtormet) on Friday, the export of scrap metal during this period amounted to 24.8 thousand tons compared to 7.1 thousand tons in January-February 2022 (an increase of 3.5 times). In this case, the import of scrap was 0.04 thousand tons, whereas in the first two months of last year it was 0.1 thousand tons.
Scrap supplies to the country’s metal companies in January-February 2023 decreased by 75.3% compared to January-February 2022 – to 120.2 thousand tons from 488.5 thousand tons.
As of March 1, 2023, the level of scrap metal stock at metal companies in Ukraine was estimated at 15-20 thousand tons.
As reported earlier by UAVtormet, Ukraine in 2022, reduced the procurement of scrap metal by 75.9% compared to the previous year – up to 996.7 thousand tons from 4.136 million tons. The export of scrap metal last year was 53.6 thousand tons, which is 11.5 times less than in 2021 (615.7 thousand tons). At the same time the import of scrap was 1.8 thousand tons, compared to 23 thousand tons in 2021.
Scrap supplies to steel companies in the country last year decreased by 73% compared to 2021 – to 895.7 thousand tons from 3 million 323.4 thousand tons.
“UAVtormet predicts a decrease in the procurement of scrap ferrous metals to 850 – 880 thousand tons this year. In addition, it is projected that in 2023 the supply of scrap metal to metal companies in the country will be reduced to 720-750 thousand tons. Scrap exports are expected to amount to 80-120 thousand tons. Steel production in 2023 will be 3.6-3.7 million tons.
