Business news from Ukraine

Business news from Ukraine

DNIPROSPETSSTAL INCREASES PRODUCTION OF ROLLED GOODS BY 10%

Dniprospetsstal Electrometallurgical Plant (Zaporizhia) in January-July this year increased the output of finished rolled products by 10% compared to the same period last year, to 95,200 tonnes.
A representative of the enterprise informed Interfax-Ukraine that steel production for this period increased by 7.3%, to 133,040 tonnes.
In July 19,000 tonnes of steel were smelted, 12,000 tonnes of rolled products were produced.
As reported, Dniprospetsstal in 2020 increased the output of finished rolled products by 1.3% compared to 2019, up to 154,000 tonnes, steel by 2.7%, up to 225,000 tonnes.
Dniprospetsstal is the only Ukrainian manufacturer of long products and forgings from special grades of steel: stainless, tool, high-speed, bearing, structural, as well as from heat-resistant nickel-based alloys.

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GAS PRICE IN EU TOPS $600/THOUSAND CUBIC M

The price of the nearest futures contract on the Dutch TTF spot index for ICE Futures, for October, continued to grow on Monday, assuming the value of 49.26 euros per kWh or $600 per thousand cubic meters, according to the exchange’s data.
Trading on Friday finished up at the value of $586 per thousand cubic meters.
The new gas year begins from October. Gazprom has a long-term reservation of transit capacities through the Yamal-Europe gas pipeline until the end of September. The Russian company did not book capacities of the pipeline at past annual and quarterly auctions.
The launch of the almost completed Nord Stream 2 gas pipeline is expected toward the end of this year. Issues concerning regulation of the pipeline’s operation are currently under consideration of the relevant controlling bodies.

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UKRAINIAN INSURANCE COMPANIES IN JANUARY-JUNE RAISE INCOME ON BONDS BY 28%

Ukrainian insurance companies in January-June 2021 received financial income of UAH 1.358 billion, which is 17.3% less than in the same period a year earlier (UAH 1.642 billion), according to the website of the National Bank of Ukraine.
At the same time, it is clarified that income from participation in capital amounted to UAH 17.8 million (2.9 times more), income from bonds – UAH 719.8 million (more by 28.4%), from deposits – UAH 566.3 million (less by 39.7%), dividends on shares – UAH 3 million against UAH 100,000 for the same period a year earlier.
Other revenues of insurers for the first half of the year amounted to UAH 1.972 billion, while a year earlier, UAH 2.863 billion.
The regulator also reports that during the reporting period, insurance companies reduced their net profit to UAH 1.361 billion from UAH 1.918 billion in the first half of 2020.
In addition, income tax from ordinary activities in January-June of this year amounted to UAH 833.2 million, which is 2% more than in the same period a year earlier (UAH 816.2 million). Tax on gross income from activities by types of insurance, other than life insurance, amounted to UAH 534.6 million (more by 10.6%), life insurance – UAH 63.7 million (more by 9.8%), for transactions with non-resident reinsurers – UAH 300,000 (less by 25%), tax on profits from extraordinary events – UAH 200,000, which corresponds to the indicator for the same period a year earlier.
According to the NBU, the total number of insurance companies in Ukraine as of June 30, 2021 is 181, while on the same date a year earlier – 215, including 19 life insurers (20). At the same time, 166 insurance companies submitted reports on their activities to the regulator.

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AUTHORITIES PLAN TO POPULARIZE RIVER TOURISM IN UKRAINE

The State Agency for Tourism Development has agreed to provide services for the popularization of river tourist routes in Ukraine for UAH 2.5 million.
According to the agreement, the text of which was published on the ProZorro portal, according to the results of tenders, State Agency for Tourism Development agreed with the private enterprise Ischuk Serhiy Mykolaiovych to provide services for the popularization of river tourist routes Kyiv-Kaniv-Kyiv and Kyiv-Chornobyl-Kyiv for UAH 2,498,144.
The aim is to organize promotional river tourist trips Kyiv-Kaniv-Kyiv and Kyiv-Chornobyl-Kyiv (four trips each) and organize focus groups to prepare research on attracting investments for organizing regular transportation.
The service includes renting a motor ship for 35 seats, catering for the participants of the promotional tour, guided tour, filming two promotional videos, PR support for the event, conducting a study of interest in the tourist product and developing investment proposals.

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SPORTS PLAYERS FROM TEN COUNTRIES COMPETE FOR EIGHT SETS OF AWARDS AT SQUASH TOURNAMENT IN ODESA

The 11th international squash championship “Zenit Black Sea Open 2021” took place in Odesa. The competition was attended by players from England, Australia, Germany, Wales, Egypt, Romania, the United States, Moldova, Belarus and other countries, as well as sportsmen from Kyiv, Lviv, Kharkiv, Dnipro, Khmelnytsky, Poltava, Kherson, Odesa.

The winner in the PRO category among men (the main category of the tournament) was squash player from Egypt Ahmed Mohamed, and among women in the PRO category the first place was taken by Anastasiya Kostiukova from Ukraine.

The tournament had been held for four days on the courts of the SPORT LIFE fitness center.

The organizers of the tournament, Dmytro Scherbakov and Maksim Urakin, previously stated the need to popularize squash in particular and sports in general through organizing tournaments and attracting Ukrainian business to support sports. The main goal of the tournament, according to the organizers, was to strengthen sports and cultural ties between the countries and sports players, to popularize and develop squash in Ukraine, as well as to improve the skill level of young squash players.

Some 150 participants competed for awards in eight categories. The winners of the competition became:

Men (PRO Category):

First place – Ahmed Mohamed (Egypt);

Second place – Clegg David (Australia);

Third place – Dmytro Scherbakov Jr. (Ukraine).

Women (PRO Category):

First place – Anastasiya Kostiukova (Ukraine);

Second place – Sofiya Zrazhevska (Ukraine);

Third place – Olga Khmelevskaya (Belarus).

Men (Amateurs category):

First place – Oleksiy Alekseyenko (Ukraine);

Second place – Jack Lake (England);

Third place – Yevhen Popko (Ukraine).

Men (Category 40+):

First place – Kostiantyn Rybalchenko (Ukraine);

Second place – Tymofiy Zheludkov (Ukraine);

Third place – Thornton Ben (England).

Men (Category 45+):

First place – Viktor Kovalchuk (Ukraine);

Second place – Oleksandr Kostevych (Ukraine);

Third place – Dmytro Baluta (Ukraine).

Women (Amateurs category):

First place – Olha Zadorozhna (Ukraine);

Second place – Maryana Batrshina (Ukraine);

Third place – Valentyna Khomovska (Ukraine).

Youth tournament (Category BU-15):

First place – Roman Shkarupylo (Ukraine);

Second place – Artem Panchenko (Ukraine);

Third place – Danylo Kuryliak (Ukraine).

Category GU-15:

First place – Anastasiya Krykun (Ukraine);

Second place – Yelyzaveta Suprun (Ukraine);

Third place – Khrystyna Beheba (Ukraine).

Tournament organizers and sponsors:

Zenit Black Sea Open is the largest international squash tournament in the history of independent Ukraine. The scale of the championship is demonstrated both by the number of countries and participants, and by the large number of organizations involved in the preparation and holding of competitions.

The main organizer and fitness partner of the event was traditionally the national chain of fitness centers number one “Sport Life,” as well as the MaxEvents company.

The title sponsor was the SOCAR fuel and energy company.

The championship is sponsored by SOLARIS AGROLUX, TecnifibreReima.

Official beer of the tournament is from TERMOPUB.

Official wine partner is SHABO.

The partner of the party and the hotel of the tournament is Premier Hotel Odesa.

The medical partner of the championship is the Adonis medical group.

The fruit partner is USPA fruit.

The main media partner of the tournament is Interfax-Ukraine.

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