Central Mining and Processing Plant (Kryvy Rih, Dnipropetrovsk region), part of Metinvest Group, in January-October this year, reduced production of commercial pellets, according to recent data, by 0.5% y-o-y, to 1.850 million tonnes.
As the enterprise told Interfax-Ukraine, in October production of pellets amounted to 110,210 tonnes.
Over ten months, Central Mining reduced production of iron ore concentrate by 2.9%, to 3.959 million tonnes, including 433,163 tonnes produced in October.
At the same time, the agency source noted that in recent months, the lag in production this year has been decreasing in comparison with the previous year. So, in particular, the relative level of backlog of production of commercial pellets in nine months of this year was 2.5% y-o-y, and concentrate – 3%.
As Yuriy Ryzhenkov, CEO of Metinvest, recently announced, in 2020 the company received the first high-quality pellets at Central Mining – DRI-class pellets. The next step is Pivnichny (Northern) Mining and Processing Plant.
Public placement of issues of domestic bonds of the Kyiv City Council Series O and N, UAH 400 million each, will be held on the PFTS stock exchange from December 6 to December 8, according to a Friday posting on the official website of the exchange.
According to the report, the organizer of the placement of both series is state-owned Ukreximbank (Kyiv).
Settlements under the concluded agreements will be carried out without observing the delivery versus payment (DVP) principle.
As reported, by Kyiv City Council decision No. 1529/1570 dated June 24 this year, Kyiv plans to attract UAH 1.1 billion by issuing domestic bonds in three issues: UAH 300 million for Series M, UAH 400 million each for series N and O.
According to the document, the interest rate will be determined at the level of the NBU key policy rate as of the start date of the quarterly interest period plus a margin of 1% to 5% per annum based on the results of the competition for the selection of an underwriter. Proceeds from the placement of bonds will go to finance investments in the city’s infrastructure.
The Association of Taxpayers of Ukraine has announced the results of the rating “Honest Taxpayers – 2020”. For the second year in a row, the Avtostrada Group of Companies won in the Road Construction category.
The High Rating Commission assessed, in particular, the completeness and timeliness of taxes and fees payment, compliance with tax discipline, the number of officially employed persons, participation in social programs and charity events, and more.
Avtostrada Group of Companies is one of the largest taxpayers in the road construction sector of Ukraine. The company undergoes an annual audit of financial statements in accordance with international standards, having transparent business conduct and social responsibility as key priorities.
“Transparent business management, audit of financial statements according to international standards, high level of tax burden, full and timely payment of all taxes and fees – these are main company’s principles from the first days of its establishment. And it’s such a pleasure that our approach is praised by independent experts. Paid taxes are an investment in the country’s welfare and a contribution to our future. I’m grateful to the Taxpayers’ Association for the important initiative and organization of the rating!” – Maksym Shkil, the founder of the Avtostrada Group of Companies, commented on the award.
The Association has been determining the nominations for 10 years, and it’s an anniversary rating. The main purpose of the rating is to strengthen the role and authority of the taxpayer and increase the overall culture of tax payment in Ukraine.
Ukrainian Foreign Minister Dmytro Kuleba and Icelandic Foreign Minister Þórdís Kolbrún R. Gylfadóttir signed an agreement on air services at the meeting of the OSCE Foreign Ministers Council in Stockholm.
“The agreement creates the possibility of regular direct flights between Ukraine and Iceland,” the press service of the Ukrainian Foreign Ministry said.
The document defines the procedure for regulating international flights between the two countries and the procedure for the designation of airlines, establishes the conditions for granting permits for regular flights, provides for the mutual recognition of crew member certificates, and contains provisions for aviation security.
In addition, the agreement establishes a mechanism for the inspection of airlines to assess their compliance with the standards of the International Civil Aviation Organization.
Ukraine exported 1,640 tonnes of seeds to the countries of the European Union in January-October 2021, which is twice the figures for the entire 2020 (820 tonnes) and 5 times more than in 2019 (320 tonnes), according a Thursday posting on the website of the State Service for Food Safety and Consumer Protection.
“Opening the European market for us is a 10-year way. Negotiations on the recognition of domestic seeds as compliant with EU requirements began in 2011 and lasted a very long time. Now, we have every opportunity to benefit from the many years of work of negotiators – dozens of people from business and government,” the authority quoted its head Vladyslava Mahaletska speaking at the online conference Seed Forum 2021.
According to the authority, in January-October 2021, 1,210 tonnes of corn seeds, 330 tonnes of wheat seeds, and 50 tonnes of sunflower seeds and all other crops in total were exported to the EU.
To open the export of seeds from Ukraine and to comply with the phytosanitary requirements of the EU, in 2021 17 areas in Ukraine on a total of 673 hectares were assigned the status of pest-free, to be able to grow seed on them.
The Lithuanian company Snaige, the only manufacturer of household refrigerators and freezing equipment in the Baltic countries, in January-September 2021 reduced its revenue in Ukraine by 36.7% compared to the same period in 2020 – to EUR2.849 million.
According to the unaudited financial statements of the company, in the specified period it received EUR1,000 of profit in Ukraine against a loss of EUR2,000 a year earlier.
As reported, in the first half of 2021, Snaige’s profit in Ukraine also amounted to EUR1,000, and its revenue decreased by 4.5% – to EUR2.26 million.
According to the report, the overall consolidated unaudited turnover of Snaige for January-September 2021 increased by 16% compared to the same period last year – to almost EUR26 million.
According to Mindaugas Sologubas, the CEO of AB Snaigė, the increase in sales did not compensate for the increase in the company’s costs due to the rise in prices for raw materials and transport. He noted that the rise in prices and shortages of raw materials, as well as disruptions in the supply chain affected the quality of sales and the end result of the company.
“Due to a shortage of raw materials and delivery delays, we were unable to complete some orders on time. We often had to produce what we could produce, rather than what we needed,” he said.
For the three quarters of 2021, AB Snaigė exported 93% of its products sold to almost 30 countries in Europe, Asia and Africa (a year earlier, the share of exports was 84%).
The largest foreign sales markets were Germany (24%), Ukraine (14%), Morocco (8%), Austria (8%) and the Czech Republic (7%).
As reported, in January-September 2020, Ukraine was the largest export market of the company with a share of 21% of the turnover.
