Business news from Ukraine

Business news from Ukraine

STOCKS OF COAL IN UKRAINE RAISES UP BY 5.8% OVER ONE WEEK

Stocks of coal in the warehouses of thermal power plants of generating companies in Ukraine grew by 5.8% (by 38,300 tonnes) from January 31 to February 7, 2022, to 695,500 tonnes, according to data from the Ministry of Energy.
According to the calculations of Interfax-Ukraine, since the beginning of the year, stocks have grew by 1.6 times (as of December 31, 2021 it were 435,700 tonnes), they are also 1.8 times more than a year earlier (as of February 8 2021 it were 384,400 tonnes).
As reported, the supply of coal to the warehouses of Ukraine’s thermal power plants in January 2022 rose by 8% (by 148,200 tonnes) compared to December 2021, to 1.991 million tonnes, including 643,400 tonnes of imported coal (1.6 times more), 1.347 million tonnes of Ukrainian-made coal (6.5% less).

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FRENCH PRESIDENT TO VISIT UKRAINE

On Tuesday, February 8, French President Emmanuel Macron will travel to Ukraine, the Elysee Palace reported.
According to the agenda posted on the website of the Elysee Palace, on February 8, the President of France will stay in Ukraine.
It is also indicated that on Monday, February 7, Macron will visit the Russian Federation.

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ILLICH STEEL WORKS RAISES UP PRODUCTION OF ROLLED PRODUCTS BY 12%

Mariupol-based Illich Iron and Steel Works (Donetsk region), part of Metinvest Group, increased the output of general rolled products in January 2022, according to recent data, by 9.6% compared to 2020, to 390,000 tonnes.
As the enterprise told Interfax-Ukraine, steel production during this period increased by 5.3%, to 380,000 tonnes, cast iron – by 0.6%, to 360,000 tonnes.
In December, Illich Steel Works produced about 340,000 tonnes of general rolled products, 360,000 tonnes of steel, and 420,000 tonnes of cast iron.
Illich Iron and Steel Works is part of Metinvest Group, the main shareholders of which are SCM Group (71.24%) and Smart Holding (23.76%), jointly managing the company.

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CZECH, AUSTRIAN, SLOVAK FMS TO JOINTLY VISIT UKRAINE ON FEB 7-8

Czech Foreign Minister Jan Lipavsky, Austrian Foreign Minister Alexander Schallenberg and Slovak Foreign Minister Ivan Korčok will together visit Ukraine on February 7-8 on the invitation of their Ukrainian counterpart Dmytro Kuleba, the Ukrainian Foreign Ministry said.
The first ever visit by the foreign ministers of the Slavkov or Austerlitz format to Kyiv is to demonstrate solidarity with Ukraine, the Ukrainian Foreign Ministry’s press service said in a statement.
Kuleba and his Czech, Slovak and Austrian counterparts will hold talks with key agenda items such as “further support for Ukraine in countering Russian aggression, the implementation of a comprehensive containment package for the Russian Federation, strengthening security cooperation, supporting the economic and financial stability of our state,” it said.
The Slavkov format ministers are also planning to visit the zone of Ukraine’s Joint Forces Operation to familiarize themselves with the current situation, Kyiv said.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 07/02/22

National bank of Ukraine’s official rates as of 07/02/22

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF FEBRUARY 07

Official rates of banking metals from national bank as of February 07

One troy ounce=31.10 grams

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