In January-April of this year, Zaporizhstal Iron and Steel Works increased its rolled steel output by 59.1% year-on-year to 844.8 thousand tons from 530.9 thousand tons.
According to the company, steel production during this period increased by 56.1% to 1 million 9.3 thousand tons, and pig iron production by 46.5% to 1 million 50.4 thousand tons.
In April, Zaporizhstal produced 265 thousand tons of iron, 278.4 thousand tons of steel, and 229.4 thousand tons of rolled products.
As reported earlier, in 2023, Zaporizhstal increased its rolled steel output by 57.2% compared to 2022, to 2 million 54.7 thousand tons, steel by 65.4%, to 2 million 466.9 thousand tons, and pig iron by 35.3%, to 2 million 718.9 thousand tons.
“Zaporizhstal is one of the largest industrial enterprises in Ukraine, whose products are in great demand among consumers both in the domestic market and in many countries of the world.
“Zaporizhstal is in the process of integration into Metinvest Group, whose major shareholders are System Capital Management (71.24%) and Smart Holding Group (23.76%).
Metinvest Holding LLC is the management company of Metinvest Group.
More than 100 delegates from 16 European countries, as well as the United States, will take part in the 2nd International Summit of Cities and Regions to be held in Kiev on May 9; more than 10 agreements are planned to be signed, including in the spheres of medicine, rehabilitation and infrastructure restoration, said Oleksiy Kuleba, deputy head of the Office of the President.
“The 2nd International Summit of cities and regions is held within the framework of the Congress of local and regional authorities under the President of Ukraine … 16 countries of Europe, representatives of the United States, more than 100 foreign delegates will be present tomorrow and more than 150 representatives of our territorial communities and regions,” – said Kuleba in the broadcast of the telethon.
According to him, the summit is held to integrate projects and needs of Ukrainian communities with European communities and their opportunities. “This is communication and exchange of experience,” he said, noting that more than 10 agreements are planned to be signed during the event.
“We see already 12 (agreements – IF-U) today. Perhaps tomorrow the figure will change, because there are several countries that came with the desire to see with their own eyes what is going on here. That is why today and tomorrow will give them more specifics and we will be able to sign more agreements,” the deputy head of the Presidential Office said.
As noted Kuleba, for Ukraine the priority is rehabilitation and implementation of projects in this area.
“Because tomorrow will be held the signing of 4 agreements in the field of rehabilitation and medicine. There will also be projects that have to do with the rehabilitation of our communities. There will also be a declaration that will testify to the support in all aspects by all participants of the summit,” he summarized.
The American cryptocurrency exchange FTX, which went bankrupt in 2022, will refund almost all customers, MarketWatch reports, citing court documents.
FTX’s debt to creditors is about $11.2 billion, and the amount of funds to cover the debt is $14.6-16.3 billion.
The exchange intends to pay interest to creditors from the remaining funds. For most, the rate will be 9%.
Customers and creditors claiming $50 thousand or less will receive about 118% of the amount. About 98% of customers will be affected by the payments.
FTX found the funds for the payments by monetizing assets, mainly investments of its affiliates Alameda and FTX Ventures, and lawsuits.
The platform went bankrupt in November 2022, at that time it was the third largest cryptocurrency exchange in the world.
In March, the former head of FTX, Sam Bankman-Fried, was sentenced to 25 years in prison for misappropriation of client funds.
On the night of May 9 and 10, in Ukraine, except for the southern part and Transcarpathia, frosts of 0-5°C will be recorded on the soil surface, the first level of danger (yellow) has been declared, the Ukrainian Weather Center reports.
Also, on the night of May 9 in Chernihiv and Sumy regions and on the night of May 10 in Sumy, Kharkiv and Luhansk regions, severe frosts of 0-3°C were reported, the second level of danger (orange) was declared.
Oleksandr Munteanu, a representative of the shareholder, director of Foray Capital LLC (Kiev), has been elected as the head of the Supervisory Board of VGP JSC (Lutsk), the managing company of a large producer of sanitary-hygienic paper products under Ruta TM.
According to the publication of VGP JSC in the disclosure system of the National Commission for Securities and Stock Market (NCSSM), such decision was made by its nabsovet at the meeting on April 30, after the decision of the sole shareholder – the company Tissico Limited (Cyprus) Munteanu was introduced to the nabsovet instead of the former head of the SB Konstantin Shevchenko.
The other members of the Board – Natalia Miretskaya and Kamil Gotza – were re-elected by the shareholder’s decision for a new two-year term.
The company produces sanitary and hygienic products based on cellulose from imported base paper.
It is among the three largest Ukrainian producers of these products.
VGP’s brand portfolio includes napkins, toilet paper, paper handkerchiefs, kitchen towels. The assortment includes more than 180 items.
Beneficiaries of VGP, according to YouControl, are the director of the company Ilya Miretsky and Czech citizen Kamil Gotsa.
As reported, in 2023 the company produced products for UAH 1 billion 611 million, which is 64.8% more than in 2022.
According to the resource Clarity-project, in 2023 the company received 185.2 million UAH of net profit against 3.6 million UAH a year earlier.
The main specialization of Foray Capital LLC is consulting on commercial real estate and management.
The National Bank of Ukraine (NBU) has fined PJSC IC Arsenal Insurance (Kiev) for 255 thousand UAH for violation of requirements in the sphere of financial monitoring. As reported on the regulator’s website, the measure was applied for violation of the requirements of the law “On prevention and counteraction to legalization (laundering) of proceeds of crime, financing of terrorism and financing of proliferation of weapons of mass destruction” (VAT/FT). In particular, the company was fined for improper fulfillment of the obligation to develop and implement internal documents, as well as for insufficient customer due diligence, including failure to verify clients in accordance with the procedure established by law.
In addition, the fine has been imposed for non-implementation of additional measures in the proper verification of the client, the ultimate beneficial owner of which is a politically exposed person, and insufficient application of risk-oriented approach, including improper fulfillment of the obligation to carry out an assessment of risks inherent in its activities.
IC “Arsenal Insurance” is the legal successor of IC “Arsenal-Dnepr”, operating in Ukraine since 2005. It is represented in all regional centers and some large cities of the country.