Business news from Ukraine

Business news from Ukraine

WEAPONS FOR UKRAINE ARE KEY TO WORLD FOOD SECURITY – PODOLIAK

Arms for Ukraine today are the key to world food security, adviser to the head of the Office of the President of Ukraine Mykhailo Podoliak said.
“One should understand the cause-and-effect relationships of global processes. Russia threatened the food security of the world by unleashing war in Ukraine. The only way to restore order is to help Ukraine win. Weapons for Ukraine today are the key to the food security of the world,” he wrote in Twitter.

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DYNAMICS OF CHANGES IN DISCOUNT RATE OF NBU

Dynamics of changes in discount rate of NBU

NBU

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DANISH COMPANY DONATES EQUIPMENT TO UKRAINE TO REPAIR WATER SUPPLY SYSTEMS

The Danish company Aarsleff Pipe Technologies, engaged in trenchless rehabilitation and repair of pipelines, has handed over equipment to Ukraine for the repair of water supply and drainage systems in war-affected areas, the press service of the Ministry for Communities and Territories Development of Ukraine has reported.
According to the report, equipment worth UAH 1.2 million was delivered to Zhytomyr, Malyn, Berdychiv, Korosten (all in Zhytomyr region), Kramatorsk (Donetsk region), Mykolaiv, Kharkiv and Sumy.
Earlier, Aarsleff and the Ministry for Communities and Territories Development agreed to supply equipment valued at EUR 400,000.
Aarsleff Pipe Technologies is engaged in trenchless pipeline renewal. The company is listed on Nasdaq Copenhagen A/S and the group has annual revenue of EUR 1.6 billion.

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MINISTER OF CULTURE OF UKRAINE ON HOLDING EUROVISION 2023: IT’S NOT EASY AND NOT CHEAP, BUT WE WILL DO EVERYTHING AT HIGHEST LEVEL

Minister of Culture and Information Policy Oleksandr Tkachenko believes that Ukraine will be able to host Eurovision 2023 at the highest level.
“The organization of such a large-scale forum is neither easy nor cheap, but Ukraine already has experience, we hosted Eurovision twice. Therefore, I have no doubts that we will do everything at the highest level,” Tkachenko said on the air of the national telethon on Sunday afternoon.
As for the possible venue for Eurovision 2023 in Ukraine, the minister noted that both the city of Mariupol and the city of Kalush would be symbolic, like many other cities, but it is too early to talk about it.
“Several European ministers of culture wrote to me, who congratulated me on the victory … and offered assistance in organizing Eurovision,” Tkachenko added.
As reported, on the night of May 15, the Ukrainian group Kalush Orchestra with the song Stefania won the International Song Contest Eurovision 2022 in Turin (Italy).

UKRAINIAN FOREIGN MINISTER AND US SECRETARY OF STATE DISCUSSED UKRAINIAN FOOD EXPORTS

Ukrainian Foreign Minister Dmitry Kuleba and US Secretary of State Anthony Blinken agreed in Berlin to work together to deliver Ukrainian food exports to Africa and Asia.
“I met with US Secretary of State Anthony Blinken in Berlin. More weapons and other support are sent to Ukraine. We agreed to work together to ensure that Ukrainian food exports reach consumers in Africa and Asia. I am grateful to my colleague and the United States for leadership and unwavering support,” he wrote Kuleba on Twitter on Sunday.

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ZAPORIZHSTAL MASTERS NEW PRODUCTION OF CONSTRUCTION PRODUCT FOR EU

Zaporizhia metallurgical plant Zaporizhstal has mastered the production of double-mass cold-rolled coil without a welded seam – the first batch of a new type of rolled metal for the construction industry has already been shipped.
According to the information of the company on Friday, the plant mastered the first new type of product this year – a cold-rolled coil of double mass without a seam with dimensions of 1.5-2.0×1370-1500 mm. The enterprise has already shipped 3,600 tonnes of a new type of rolled metal for the construction industry.
The company said that a request had been received from potential consumers from Europe.
“They wanted rolls of the fourth type of rolled products with a width of 1500 mm, but at the same time the weight of the rolls would be at least 9 tonnes. We had already produced similar products before, but it was necessary to review the technology. We almost immediately began to develop a new type of rolled products,” Deputy Head of the cold rolling shop (CHP) in charge of production Serhiy Kuzmenko, who is quoted by the company’s press service, said.
He added that the new technology was developed quickly: 14 days passed from the client’s request to the production of the first trial batch of rolls.
At the same time, earlier the company produced rolls weighing up to 8 tonnes and 3.8 mm thick. To obtain such a coil, two lightweight coils were welded in the BTA-4 line in the cold rolling shop and coils with seams were obtained. Now the production technology has changed. New coils are produced in the hot rolling shop, and their thickness is changed in the cold rolling shop. Thanks to the new production technology, it was possible not only to master a new type of product, but to save about UAH 1 million due to its implementation.
In addition, the efficiency of the pickling unit and the efficiency of the rolling mill have increased. Also, due to the fact that products are packaged not in small rolls up to 8 tonnes, but in large ones, up to 16 tonnes, the cost of packaging materials is almost halved, the company said.

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