Business news from Ukraine

Business news from Ukraine

POLAND HANDS OVER 20 WAGONS WITH ELECTRICAL EQUIPMENT TO UKRAINE

Polish companies, with the assistance of the Polish Power Transmission and Distribution Association, handed over 20 wagons with electrical equipment to Ukrainian power engineers, the Ministry of Energy of Ukraine reported on its website on Thursday.
“Electrical equipment, power transmission towers, transformers, generators, power cables transferred by Polish companies with the assistance of the Polish Electricity Transmission and Distribution Association were transferred to seven regions of Ukraine,” the ministry said in the report.
According to the ministry, the first two batches of aid from Polish companies have already been distributed and transferred to distribution system operators in Kyiv, Odesa, Zaporizhia, Luhansk, Chernihiv, Mykolaiv, and Sumy regions. The third batch is awaiting distribution and transfer to the regions.
“We are very grateful to our Polish colleagues for their help in restoring the power infrastructure destroyed due to Russia’s military aggression against Ukraine. The equipment received, first of all, will be aimed at restoring power grids and power facilities, which were most damaged due to hostilities,” Energy Minister Herman Haluschenko said.
As the Ministry of Energy said, in total, assistance from Polish companies amounted to more than 12,500 units of equipment, including line fittings, power transformers, backup power generators, more than 400 reinforced concrete poles for power transmission lines, as well as more than 65 km and 7.3 tonnes of power cable and wires.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 19/05/22

National bank of Ukraine’s official rates as of 19/05/22

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF MAY 16

Official rates of banking metals from national bank as of May 16

One troy ounce=31.10 grams

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UKRAINE CUTS EXPORT OF TITANIUM-BEARING ORES BY 44%, REVENUE BY 19% IN JAN-APRIL

Ukraine in January-April this year reduced the export of titanium-bearing ores and concentrate by 43.7% compared to the same period last year, to 129,212 tonnes.
According to statistics released by the State Customs Service (STS), in monetary terms, the export of titanium-bearing ores and concentrate decreased 18.6%, to $47.247 million.
At the same time, major exports were to the Czech Republic (50.79% of supplies in monetary terms), the United States (18.45%) and China (7.98%).
Ukraine in January-April 2022 imported 100 tonnes of similar products from Senegal for $138,000, while in January-April 2021 it imported 180 tonnes from Senegal for $160,000.
As reported, Ukraine increased the export of titanium-bearing ores and concentrate in kind by 3% in 2021 compared to 2020, to 553,051 tonnes. In monetary terms, the export of titanium-bearing ores and concentrate grew by 17%, to $161.914 million. Majot exports were to Mexico (21.23% of supplies in monetary terms), China (18.17%) and the Czech Republic (14.07%).
In 2021, Ukraine imported 1,172 tonnes of titanium-containing ores worth $1.227 million from Senegal (87.03%) and Germany (12.97%), while in 2020 it imported 1,010 tonnes worth $855,000.
In Ukraine, at present, titanium-bearing ores are mined mainly in the PJSC United Mining and Chemical Company (UMCC), under whose management the Vilnohirsk Mining and Metallurgical Plant (Dnipropetrovsk region) and Irshansk Mining and Processing Plant (Zhytomyr region) were transferred, as well as Mezhdurechensk Mining and Concentration Complex LLC and Valki-Ilmenite LLC (both LLC are located in Irshansk, Zhytomyr region).
In addition, the production and commercial company Velta (Dnipro) built a mining and concentration complex at the Birzulivske deposit with a capacity of 240,000 tonnes of ilmenite concentrate per year.
Holding company Velta Group Global Ltd. registered in London in November 2011.

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ANTONOV AIRLINES MOVES BASE TO LEIPZIG

Antonov State Enterprise (Kyiv) has reported that due to the impossibility of operating international flights from Ukraine, five An-124-100 Ruslan aircraft are temporarily based at the airport in Leipzig (Germany).
“The work of the branch of the air transport division (ATP) of the Antonov State Enterprise, known in the world as the Antonov Airlines, has been organized there, and a base has been equipped for the maintenance of these aircraft,” the company said on Facebook.
Antonov said that this allows the company to continue fulfilling commercial and government orders for the transportation of super-heavy and oversized cargo.
“After the victory over the Russian invaders and the completion of a set of works to restore the efficiency of the Kyiv-Antonov-2 airport, it will again become the base for the Ruslan fleet of Antonov Airlines,” the company added.
As reported, due to Russian hostile actions, the Antonov base in Hostomel was destroyed, the base at Sviatoshyn was damaged, An-26, An-74 aircraft and the flagship of the world aviation fleet An-225 Mriya were destroyed.
In addition, according to Antonov State Enterprise, five more aircraft were damaged – An-12, An-22, An-28, An-132D and An-124-100-150.
The company said that on the eve of the Russian invasion, five An-124 aircraft were withdrawn from Ukraine; An-26, An-74 and An-225 Mriya aircraft were also ready to leave the country on February 24.
Antonov State Enterprise initiated the foundation of the International Fund for the revival of the An-225 Mriya transport aircraft.

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UKRAINE CUTS EXPORT OF CAST IRON BY 52.7%, OVER HALF OF SUPPLIES COMES FROM USA IN JAN-APRIL

Ukraine in January-April this year reduced the export of cast iron by 52.7% compared to the same period last year, to 451,142 tonnes.
According to statistics released by the State Customs Service (SCS), over the specified period, the export of cast iron in monetary terms decreased 50.4%, to $220.179 million.
At the same time, exports were carried out mainly to the United States (52.42% of deliveries in monetary terms), Turkey (18.58%) and Italy (17.59%).
In January-April 2022, Ukraine imported 15 tonnes of cast iron from Germany for $25,000, while in the first four months of 2021 it imported 46 tonnes of cast iron for $49,000 from Germany (76%) and Slovakia (24%).
As reported, Ukraine in 2021 increased the export of cast iron by 4.2% compared to 2020, to 3.236 million tonnes, the export of cast iron in monetary terms grew by 78.1%, to $1.643 billion. At the same time, exports were carried out mainly to the United States (53.61% of deliveries in monetary terms), Italy (22.08%) and Turkey (9.74%).
In 2021, Ukraine imported 185 tonnes of pig iron worth $226,000 from Germany (74.34%), the Russian Federation (20.35%) and Slovakia (5.31%), while in 2020 it imported 593 tonnes worth $417,000.

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