Business news from Ukraine

Medical center of ADONIS network was damaged due to falling rocket fragments

Due to the fall of rocket fragments in Dneprovsky district of Kiev, the medical center of the ADONIS network suffered on Monday morning, its press service told the Interfax-Ukraine agency.

The clinic has not yet specified information about the victims.

ADONIS is a network of private medical centers for adults and children. Private clinic ADONIS was founded more than 25 years ago. Its network includes seven branches in Kiev and the region, including a rehabilitation center and a stem cell laboratory. Doctors at the clinic’s branches provide treatment in 65 medical fields. In war conditions, ADONIS branches with surgical units provide quality medical care to military and civilians.

As of 14:00, death toll from attack in Kyiv stands at 16

As of 14:00 on Monday, July 8, the death toll from the hostile attack in Kyiv has reached 16 people.

According to the Telegram channel of the Office of the Prosecutor General of Ukraine, 37 people were also injured.

Coordinators for charitable aid have been appointed at Okhmatdyt Children’s Hospital

The Okhmatdyt Children’s Hospital, which was damaged by an occupation rocket attack on Kyiv on Monday, has appointed responsible persons to coordinate and consolidate charitable aid, the hospital’s Facebook page reports.

“All relevant information about the hospital’s urgent needs can be clarified with the on-site coordinator, the chief nurse of the National Specialized Hospital “Ohmatdyt” Olena Prymak +38067 277 78 06. For the needs for the restoration of the institution, please contact Natalia Myruta, Deputy Director General for Economic Affairs of the National Specialized Hospital “Ohmatdyt” +380 93 580 56 72,” the statement says.

“Today, the enemy has again demonstrated its cruelty: a rocket attack on the Ohmatdyt children’s hospital took place. Buildings and buildings were damaged. There are wounded and dead. Today, Ukrainians are once again demonstrating their cohesion and unity to the world. There is a huge number of people willing to help. For greater efficiency, it is important to consolidate this assistance,” the statement said.

It also provides links to provide material assistance.

Source: https://www.facebook.com/ndslohmatdyt/posts/pfbid02NnqbPuPqycTs9hHT3C5FSwQYaabnMSUb4WrbAzHGLayTziyFU3g7SUKqGqUQjBrTl

 

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In three years, 254 thousand agricultural land purchase and sale transactions have been concluded in Ukraine

In the three years since the launch of the land market in Ukraine, more than 254 thousand transactions for the purchase and sale of farmland have been concluded, under which half a million hectares of land were purchased with an average cost of UAH 41 thousand, according to Opendatabot.
“567.322 thousand hectares of agricultural land have been acquired in the three years since the opening of the land market in Ukraine. Ukrainians concluded 253.416 thousand transactions for the sale of land plots at an average price of 41 thousand UAH/ha. Most of the land was purchased in 2023 – 179.921 thousand hectares,” the report says.
According to the resource, the most popular for the entire time of the market’s operation were farmland in Poltava region, where 60.36 thousand hectares were sold. The average price per hectare in the region reached 42.75 thousand UAH. It is followed by Dnipropetrovska oblast – 58.869 thousand hectares and Kharkivska oblast – 54.458 thousand hectares.
It is noted that the outbreak of a full-scale war has affected buyer demand and land prices. In six months of 2024, Ukrainians purchased 17.04 thousand hectares of land in Poltava region, paying an average of UAH 52.59 thousand per hectare. In Dnipropetrovska oblast, 12.95 thousand hectares have been sold for UAH 34 thousand since the beginning of this year. Instead of the frontline Kharkiv region, Kirovohrad region has risen to the top three – 9.38 thousand hectares at 38 thousand UAH/ha.
The most expensive land in 2024 was in Ivano-Frankivsk region – 101 thousand UAH/ha.
“So far, only a quarter of the land has changed ownership through sale and purchase. The vast majority of changes of ownership concern land inherited – 65% of alienations,” the resource summarized.
As reported, on July 1, 2021, the land market opened in Ukraine. At the first stage, only ordinary citizens could buy agricultural land, but since 2024, the market has been open to businesses.

Ferrexpo increased pellet production by 67.6%

Ferrexpo plc, a mining company with major assets in Ukraine, produced 3 million 297,441 thousand tons of pellets in January-June this year, up 67.6% year-on-year (1.967 million tons).
According to a press release on Monday, Ferrexpo produced 1 million 483,468 thousand tons of pellets in the second quarter of this year, down 18.2% from the previous quarter (1 million 813,973 thousand tons).
At the same time, the total production of commercial products (pellets and iron ore concentrate) in the first half of this year increased by 75.3% compared to the same period in 2023, to 3 million 727.336 million tons from 2.126 million tons. In particular, the production of saleable concentrate amounted to 429.865 thousand tons compared to 160 thousand tons in January-June 2023.
Commenting on the group’s performance, Interim Executive Chairman Lucio Genovese pointed to strong production results for the first six months of 2024, up 83% compared to the same reporting period in 2023 and up 75% compared to the first half of last year.
“This is our best result since the start of the full-scale invasion of Ukraine in February 2022. During the quarter, access to the Black Sea shipping corridor allowed us to continue shipping from Ukrainian ports. It is estimated that over 800 vessels, including 90 carrying ferrous metals, have safely passed through the corridor since it opened in late 2023. An increase in the number of shipowners willing to charter vessels to Ukrainian ports has led to improved availability, but freight rates and insurance premiums remain high not only for passage to Ukraine but also through the Red Sea,” Genovese said.
He also stated that other price pressure factors continued to increase in the second quarter, especially electricity prices. Attacks on energy production and transmission infrastructure have significantly reduced Ukraine’s domestic energy supply. Mr. Genovese added that Ferrexpo had started looking for alternative energy from Ukraine’s European neighbors in advance, which has so far resulted in minimal disruption to its operations.
“So far, we believe that the level of risk is acceptable given the ongoing war in Ukraine. We will continue to utilize all available export capacity to ensure that the interests of all stakeholders are supported, while maintaining labor levels to increase production, generate taxes and royalties for the government and continue our humanitarian activities,” the acting CEO summarized.
According to the press release, the group successfully operated two and sometimes three pelletizing lines (out of four) during the quarter, changing product quality depending on customer demand and expanding logistics capabilities. With the variable capacity of each pelletizing line, total production for the quarter amounted to 1 million 672,506 thousand tons, including 1 million 483,468 thousand tons of pellets and 189,038 thousand tons of concentrate.
DR pellet production resumed during the quarter. The Group’s nearly completed press filtration complex has improved the physical strength and chemical quality of pellets.
Group CFO Nikolay Kladiev noted that during January-June this year, the company quickly brought previously idle capacities back into operation, thanks to renewed access to customers from the Middle East, North Africa and Asia, which led to an improvement in the cash conversion cycle.
“While we took advantage of the opportunity to produce, export and sell more, the higher iron ore prices we benefited from in the first quarter did not carry over into the second quarter. This, combined with higher electricity prices, resulted in lower margins as we approached the end of the second quarter. However, we maintained our cash position, even as we invested in capex projects aimed at maintaining resilience and improving efficiency,” the CFO stated.
As reported, Ferrexpo produced 3.845 million tons of pellets in 2023, down 36.5% from 2022.
Ferrexpo owns a 100% stake in Yeristovo Mining, 99.9% in Bilanivsky GOK and 100% in Poltava Mining.

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IC “Express Insurance” increased payments by 62.7%

In January-June 2024, Express Insurance (Kyiv) made payments in the amount of UAH 243.3 million, which is 62.7%, or UAH 92.7 million, more than the same period in 2023, according to the insurer’s website.
In particular, payments for hull insurance amounted to UAH 206.2 million, or 57.8% more than in the same period a year earlier, for MTPL – UAH 31.5 million (+137.8%), for voluntary health insurance – UAH 3 million (-6%), payments under other insurance contracts – UAH 2.6 million (+7.3%).
At the same time, the company reports that in June 2024, payments to customers amounted to UAH 43.9 million, which is 55.5% more than in June 2023. In particular, the company paid out UAH 35.8 million (+41.4%) under motor hull insurance contracts and UAH 6.9 million (+266.1%) under MTPL insurance contracts.
Express Insurance ALC was founded in 2008 and is part of the UkrAVTO group of companies. The company specializes in motor insurance. The consistently high speed of claims settlement in the IC is ensured by optimal interaction with partner service stations.
Since April 2012, Express Insurance has been an associate member of the Motor Transport Insurance Bureau of Ukraine.