Business news from Ukraine

Business news from Ukraine

REVEALING INFORMATION: EXPLOSION IN OFFICE KYIV OF LAW FIRM MAY BE RELATED TO PROFESSIONAL ACTIVITIES

The explosion in the office of a legal association, which occurred on Tuesday night in Kyiv, may be linked to the professional activities of lawyers.
According to Interfax-Ukraine, the explosion occurred in the office of the Revealing Information legal association.
Managing partner Oleksandr Keyer told Interfax-Ukraine that the explosion may be related to the professional activities of the company’s lawyers, who are currently conducting several criminal cases.
“This is for sure related to work. I don’t yet understand what specific case, but it is 100% related to work. As a lawyer, I take a principled position in the proceedings. I am sure that these events occurred because of our principled position. Somewhere, some criminals decided to scare us so that we would change our principles and rules for representing the interests of the client,” he said.
At the same time, Keyer said that at present, he and the company’s lawyers have not received any threats or demands.
He also said that, according to law enforcement agencies, the grenade launcher from which the shot was made at the company’s office was Russian-made.
As reported, on Tuesday night, an explosion occurred in one of the buildings in the Shevchenkivsky district of Kyiv. According to the preliminary estimates, a shot was fired from an RPG-26 rocket propelled grenade. The explosion damaged the windows in the rooms of the lawyer association and the facade of the premises. No casualties are reported.
Criminal proceedings over hooliganism (Part 4 of Article 296 of the Criminal Code of Ukraine) have been initiated.

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UKRAINE RAISE UP STEEL PRODUCTION BY 0.7% IN JAN

Based on the results of the work of metallurgical enterprises in January of this year, Ukraine increased steel production by 0.7% compared to the same period in 2021, being 13th in the ranking of 64 countries – the world’s main producers of this product, compiled by the World Manufacturers Association steel (Worldsteel).
According to Worldsteel data released on Tuesday, in January 2022, a decrease in steel production was recorded by January 2021 in most countries of the top ten, except for India, the United States, Russia and Iran.
The top ten steel-producing countries in January was as follows: China (81.685 million tonnes, a decrease of 11.2% compared to January 2021), India (10.781 million tonnes, an increase of 4.7%), Japan (7.758 million tonnes, 2.1% less), the United States (7.266 million tonnes, 4.2% more), Russian Federation (6.570 million tonnes, 3.3% more), South Korea (5.980 million tonnes, 1.1% less), Germany (3.259 million tonnes, 1.4% less), Turkey (3.161 million tonnes, 7.8% less), Brazil (2.883 million tonnes, 4.8% less) and Iran (2.8 million tonnes, 20.3% more).
This is followed by Taiwan (China, 2.040 million tonnes, an increase of 2.2%), Vietnam (1.875 million tonnes, a decrease of 4.1%), Ukraine (1.851 million tonnes, 0.7% more), Mexico (1.520 million tonnes, 2.5% less) and Italy (1.5 million tonnes, 20.8% less).
In general, in January of this year, steel production decreased by 6.1% compared to the same period last year, to 155.030 million tonnes.

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BANKS OF UKRAINE RAISE UP NET PROFIT BY 76% IN JAN

Banks of Ukraine in January 2022 saw UAH 7.1 billion of net profit, which is 76% more than in the same period of 2020 (UAH 4.1 billion), the National Bank of Ukraine (NBU) has reported.
“Revenue of banks in January grew by 34%, to UAH 24.9 billion, expenses – by 23%, to UAH 17.8 billion,” the regulator said.

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BUSINESS OPERATES AS USUAL IN UKRAINE

The European Business Association (EBA) conducted an express survey of 53 executives of the association’s member companies, during which 90% reported continuing to work as usual.
“According to the results of the express survey conducted by the association last night (on the eve of Russia’s decision), about 90% of company executives reported that they continue to work as usual. Of these, about 70% of companies already have plans B for emergency situations. At the same time, 15% report readiness for relocation, but remain in Ukraine and continue to follow the course of events,” the association said in a release on Tuesday.
“Only 3% of business leaders reported going abroad, another 11% – about the departure of their families, however, some did this at the request of the head offices of the companies,” the EBA said.
“The self-possession and strength of our companies, which continue to work and believe in a better future for Ukraine, is extremely impressive. Responsible business has always been an active participant in important events in the country, takes care of its employees and their families, supports the army and society. Business believes in Ukraine! Therefore we hope that the state will also declare its support by preventing pressure on transparent business,” the press service said, citing EBA Executive Director Anna Derevyanko.
The EBA offices in Kyiv, Lviv, Odesa, Dnipro and Kharkiv also continue to operate as usual, the EBA added.

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

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

Source: National Bank of Ukraine