Business news from Ukraine

Business news from Ukraine

NBU BUYS UAH 10 BLN OF WAR BONDS IN FOURTH SUCH PURCHASE

The National Bank of Ukraine (NBU) on Thursday, for the fourth time since the beginning of the war, bought government war bonds. This time for UAH 10 billion while earlier the purchases were valued at UAH 20 billion, bringing its portfolio of these securities to UAH 70 billion, follows from a report on its website.
According to the report, this is the third buyout since the beginning of April, the total amount this month has reached UAH 50 billion.
As reported, the total volume of issuance of war bonds is up to UAH 400 billion.
At market auctions since March 1, their sales amounted to UAH 38.07 billion, $93.8 million and EUR 176.5 million.
Finance Minister Serhiy Marchenko previously predicted a state budget deficit of $5-7 billion a month for April-May, compared with $2.7 billion in March.

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ZFP REDUCES OUTPUT BY 13% IN JAN-MARCH

Zaporizhia Ferroalloy Plant (ZFP) in January-March this year reduced its output by 13.2% compared to the same period last year, to 37,530 tonnes.
As the Ukrainian Association of Producers of Ferroalloys and Other Electrometallurgical Products (UkrFA) told Interfax-Ukraine, over the first three months of the year, ZFP reduced production of silicon manganese by 26.7%, to 13,890 tonnes, but increased ferrosilicon – by 4.2%, to 12,560 tonnes, and reduced ferromanganese – by 15.9%, to 9,700 tonnes.
The enterprise also increased production of metallic manganese by 97.1%, to 1,380 tonnes.
In March, the enterprise produced 2,640 tonnes of ferroalloys, while in February – 16,440 tonnes, and in January – 21,090 tonnes.
Zaporizhia Ferroalloy Plant is one of three Ukrainian manufacturers of these products. The share of the domestic market of its supplies is 30-35%. Products are exported to the CIS countries, the European Union, Asia and Africa.

NOVA POSHTA PLANS TO DEVELOP IN INTL MARKETS

Nova Poshta Group plans to develop in the markets of Eastern Europe, the United States and China.
“Global development was in our strategy, but we met the war with only Nova Poshta Moldova and Nova Poshta Global, which served deliveries from the USA, Europe and China to Ukraine. This is clearly not enough. We have learned this lesson and will soon become much more global. Since early March, we have been studying markets that are potentially interesting for us,” founder and co-owner of Nova Poshta Viacheslav Klymov said in an interview with the Ukrainian edition of Forbes.
According to him, the company is analyzing Eastern Europe, the countries where the Ukrainians went, as an area for expansion. Also, Nova Poshta is interested in the United States and China.
“About 75% of our network is franchisees in small towns. By the way, they have shown extraordinary resilience during this stress. Believe it or not, yesterday we gave permission to our franchisees to resume operations in Donetsk region. People are ready to work, even when next to them shelling is underway. This is a working model, we have a lot of experience in this, and this is one of the scenarios which we will go to new markets with,” Klymov said.

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NFP INCREASES PRODUCTION BY 15.5% IN JAN-MARCH

Nikopol Ferroalloy Plant (NFP, Dnipropetrovsk region) in January-March of this year increased its output by 15.5% compared to the same period last year, to 148,930 tonnes.
As the Ukrainian Association of Producers of Ferroalloys and Other Electrometallurgical Products (UkrFA) told Interfax-Ukraine, over three months NFP increased production of silicon manganese by 22.7%, to 143,480 tonnes, but reduced ferromanganese and other ferroalloys – by 54.7%, to 5,450 tonnes (including 4,970 tonnes of ferromanganese).
Nikopol Ferroalloy Plant is Ukraine’s largest ferroalloy smelter. It uses imported and domestic raw materials for production of ferroalloys.
Nikopol plant is controlled by EastOne Group, established in autumn 2007 as a result of restructuring of Interpipe Group, and Privat Group, both based in Dnipro.

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RADA REGISTERS BILL RESTRICTING IMPORT OF MEDICINES PRODUCED IN RUSSIA, BELARUS

The Verkhovna Rada has registered a draft law restricting the circulation of medicines produced in the Russian Federation or the Republic of Belarus.
Relevant bill No. 7313 of April 25, 2022, authored by a group of MPs of the Servant of the People faction, including head of the Committee on Public Health, Medical Assistance and Medical Insurance Mykhailo Radutsky, was registered in the Verkhovna Rada.
As reported, according to First Deputy Minister of Health Oleksandr Komarida, state registration in Ukraine of medicines (all or selectively determined by the Ministry of Health) of an applicant may be temporarily canceled (registration certificate terminated) if it is established that this applicant or his representative is directly or indirectly related to with business entities that are directly or indirectly involved in production of medicines on the territory of the aggressor state (the Russian Federation or the Republic of Belarus).
In addition, the registration of a drug may be canceled if, after February 23, 2022, the applicant participated in at least one of the stages of production of any medicinal product or active pharmaceutical ingredients by an enterprise located on the territory of the aggressor state.

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ADONIS DOESN’T STOP WORKING SINCE LATE FEB, RESUMES WORK OF CLINICS – CEO

Since the end of February, Adonis Medical Group has not stopped working, and is currently resuming the work of clinics, Adonis general director Vitaliy Hyrin told Interfax-Ukraine.
He said that during this time the clinic branches in Podil and Sofiyivska Borschahivka, as well as emergency ambulances, worked around the clock.
In addition, from April 8, the maternity hospital of the network resumed work on the left bank.
“On May 9, we plan to open a maternity hospital on the right bank at the Shalimov branch. Currently, all branches are operating, except for the maternity hospital in Buzova, which was significantly damaged by shelling, as well as the branch in Bucha,” he said.
Hyrin noted a significant increase in the number of requests for medical help in recent years.
“In early March, there was a strong decline, but from mid-March and in April, the number of visits to Adonis clinics increased by 2.5 times and continues to grow,” he said.
According to Hyrin, the main specialties for patients are gynecology, pregnancy management, childbirth, prenatal and general ultrasound, sampling, pediatrics and therapy.
He also said that a significant number of Adonis patients are not located in Kyiv and are being consulted online.
Adonis is a network of private medical centers for adults and children founded over 20 years ago. It includes 12 branches in Kyiv and the region, including two own maternity hospitals and a stem cell laboratory.
In the branches of the clinic, doctors treat patients in 66 medical specialties.

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