Business news from Ukraine

Business news from Ukraine

METALLURGICAL ENTERPRISES OF UKRAINE REDUCES STEEL PRODUCTION IN JAN-APR BY 46%

Metallurgical enterprises of Ukraine in January-April this year reduced steel production by 45.9% compared to the same period last year – to 3.858 million tonnes. According to the recent information of the Ukrainian Association of Secondary Metals (UAVtormet), in April, only one steel plant produced steel.

“Insignificant volumes of steel production were shown by some foundry enterprises,” the information of UAVtormet says.

In addition, it is reported that ferrous scrap enterprises for the four months of 2022 reduced procurement of scrap metal by 50.4% compared to the same period in 2021, to 620,100 tonnes.

The export of scrap metal for the specified period amounted to 7,100 tonnes, which is 12.3 times less compared to the four months of 2021 (87,000 tonnes). At the same time, scrap imports amounted to 100 tonnes, while in January-April 2021 – 7,800 tonnes.

The supply of scrap to the country’s steel enterprises in January-April 2022 decreased by 47.1% compared to January-April 2021, to 583,500 tonnes. The total volume of scrap metal supplies in April amounted to 52,500 tonnes.

The level of scrap metal stocks at steel enterprises as of May 1, 2022 is estimated at 60,000 tonnes.

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IT IS PLANNED TO BUILD 100,000 SQ M OF HOUSING IN IRPIN AND BORODIANKA

It is planned to build two residential complexes of 50,000 square meters each in Irpin and Borodianka (Kyiv region) in five months, head of the Kyiv regional military administration Oleksandr Pavliuk said in the Telegram channel.
“Thousands of families were left without homes. And our task as representatives of state power is to provide them with new comfortable housing. We have prepared proposals for developers in the region. To solve this ambitious task, we need joint work, synergy of business, local authorities and the state,” Pavliuk said during a meeting with developers in the region on Monday.
Thus, sites have already been selected for the construction of the residential complexes, taking into account the necessary communications and road infrastructure. The project also provides for the construction of bomb shelters, playgrounds and other social infrastructure.
Developers will be able to decide on participation in the project after studying the sketches and terms of reference.
According to the official, the procedures for starting construction work and commissioning for such projects can be simplified at the legislative level.
According to him, in Kyiv region there are more than 42,000 square meters of apartments put into operation and ready for purchase.
“At present, consultations are being held with developers on the recommended price for the purchase of apartments. In addition, each apartment must have all the necessary plumbing and furniture,” Pavliuk added.

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UKRAINIAN PARLIAMENT LIMITS CIRCULATION OF MEDICINES PRODUCED IN RUSSIA AND BELARUS

The Verkhovna Rada (Ukrainian parliament) has adopted a bill on limiting the circulation of medicines produced in the Russian Federation and Belarus (registration No. 7313).
The adoption of bill No. 7313 at the final reading at a session on Tuesday was supported by 316 MPs with the required 226 votes, Yaroslav Zhelezniak, a member of the Holos parliamentary faction, said on his Telegram channel.
As reported, bill No. 7313, which restricts the circulation of medicines produced in the Russian Federation or the Republic of Belarus, and authored by a group of MPs of the Servant of the People faction, including Head of the committee on national health, medical care and medical insurance Mykhailo Radutsky, was registered in the Rada on April 25, 2022.
According to First Deputy Minister of Health Oleksandr Komarida, state registration of medicines (all or selectively determined by the Ministry of Health) of an applicant in Ukraine can be temporarily canceled (registration certificate terminated) if it is established that this applicant or his representative is directly or indirectly related to business entities who are directly or indirectly involved in the production of medicines on the territory of the aggressor state (the Russian Federation or the Republic of Belarus).
In addition, the registration of the 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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UKRAINE TEMPORARILY CANCELS CUSTOMS CONTROL OF NONFOOD PRODUCTS

The Cabinet of Ministers has abolished customs control of nonfood products during martial law, Taras Melnychuk, a representative of the government in the Verkhovna Rada, said on Telegram following a meeting of the Cabinet of Ministers on Tuesday.
“Temporarily, for the period until the suspension or lifting of martial law, the commission by the customs authorities of state control of nonfood products,” he wrote.

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PRESIDENT OF UKRAINE THANKS ALBANIA FOR SUPPORT

President of Ukraine Volodymyr Zelensky thanked Albania for its support and assistance to Ukrainian refugees.
“Thank you for the fact that the people of Albania did not hesitate whom to support in this struggle. You have definitely taken the side of freedom and truth,” he told the Albanian parliament on Tuesday, speaking via video link.
“Thank you for concrete steps, for defense assistance, for supporting sanctions against Russia, for taking care of our people and accepting our children, in particular in Durres,” Zelensky said.
According to the president, “such an attitude towards Ukrainians in difficult times reminds me of Holy Mother Teresa, an Albanian whose life has become a symbol of humanism.”
“She taught people that good can overcome evil and get closer to the holiness that people will remember from generation to generation,” Zelensky said.

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EMBASSY OF CYPRUS RESUMES ACTIVITY IN UKRAINIAN CAPITAL

The Embassy of Cyprus has said it is gradually resuming its activity in Kyiv.

“The Embassy of Cyprus is gradually resuming its activity in Kyiv, in line with Cyprus consistent support to Ukraine in matters of principle. The flag of Cyprus is flying again in Kyiv as of May 3,” the embassy said on its Facebook page on Tuesday.

As noted, Head of the mission Lina Themistokleous has never left the territory of Ukraine and stayed in the war-ravaged Ukraine since February 24, and is now happy to welcome and assemble her team back, where it belongs.