Business news from Ukraine

Business news from Ukraine

ZAPORIZHKOKS INVESTS UAH 350 MLN IN UPGRADING ENTERPRISE

PrJSC Zaporizhkoks, one of the largest Ukrainian producers of coke and chemical products, part of Metinvest Group, invested UAH 348.6 million to modernize the enterprise in 2019.
According to a company press release on Friday, April 17, the plant received cost advantages of UAH 35 million from the introduction of energy efficiency measures.
At the same time, a new line for granulation of electrode pitch was put into operation in 2019, which allowed increasing the output of high-margin products.
“The company successfully implements energy efficiency projects. The project for the exchange of secondary gases between enterprises has brought about UAH 1.4 billion of cost advantages over the past three years. Zaporizhkoks partially switched to the supply of compressed air from Zaporizhstal in November 2019. Due to this, the enterprise will additionally save about UAH 3.1 million per year,” the enterprise said in a press release.
Due to the renewal of production facilities, the enterprise produced 888,900 tonnes of coke in 2019, which is 5% higher than the business plan. Under current production conditions, the annual program for the overhaul of coke oven batteries No. 2 and No. 5-6 was implemented with an investment amount of UAH 130 million.
Over the year, the plant was replenished with new technological equipment – a quencher for coke oven battery No. 2 and a door extracting machine for coke oven battery No. 5-6. The company’s investments in updating the plant amounted to more than UAH 70 million.
Investments in labor protection projects amounted to UAH 5.9 million, which was a record amount. Moreover, UAH 13.7 million was allocated to the development of the social sphere, employee salaries for the year were increased by 38.4%. The level of taxes and fees to budgets of all levels amounted to UAH 367.4 million.
Zaporizhkoks produces about 10% of coke produced in Ukraine, owns a full technological cycle of processing coke chemical products. In addition, it produces coke oven gas and pitch coke.
Metinvest is a vertically integrated group of mining companies. Its main shareholders are SCM Group (71.24%) and Smart-Holding (23.76%), jointly managing the company.
Metinvest Holding LLC is the managing company of Metinvest Group.

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UKRAINE RESUMES FLIGHTS FOR CITIZENS FROM ABROAD, FULL LIST OF CITIES ADDDED

The Ministry of Infrastructure of Ukraine has announced the resumption of a number of special flights to the country from around the world so that Ukrainians abroad can return to their homeland, the press service of the ministry said on Sunday, citing its head Vladyslav Krykliy. “There is good news for Ukrainians who are now abroad and want to return home. We resume special flights to Ukraine from around the world, but only subject to mandatory observation within 14 days after returning to specialized institutions or at home, observing the self-isolation regime. The control over the latter will be carried out using the “Diy at home” application on the “Diia” platform, the press service quoted Krykliy.
The flights are planned from the following cities: Miami, Helsinki, Naples, Stockholm, Yerevan, Paris, Nice, Sofia, Larnaca, Tel Aviv, Amsterdam, Dusseldorf, Zurich, Lisbon, Geneva, Dubai, Frankfurt, Prague, Milan, Toronto, Oslo, Alicante, Riyadh, Bangkok, Phuket, Bali.
Information about flights will be posted on the websites of UIA, SkyUp Airlines, Windrose Airlines and Azur Air Ukraine.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 27/04/20

National bank of Ukraine’s official rates as of 27/04/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF APRIL 27

Official rates of banking metals from national bank as of April 27

One troy ounce=31.10 grams

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1,000 CLINICS IN UKRAINE INCREASE FINANCING FROM CENTRAL BUDGET

Around 1,000 clinics have increased financing from the central bank under phase two of the healthcare reform, acting Head of the National Health Service of Ukraine Oksana Movchan has said. “About 1,000 medical institutions received more money from the central budget under contracts with the National Health Service, some of them by 70%, some by 5%, some by 50%,” she said in an interview with Interfax-Ukraine.
She said that medical institutions have two sources of financing – the central budget and the local one.
“The National Health Service manages the money of the central budget. Previously, it was a healthcare subvention, but now it is a healthcare guarantee program. In 2020, more money was allocated from the central budget for the healthcare guarantee program,” she said.
At the same time, according to her, about 600 medical institutions for various reasons received less money from the central budget.

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EVT PORT GRAIN TERMINAL COMPLETES SINKING PILES FOR 20 NEW SILOS

EVT port grain terminal has completed sinking 4,000 piles for erecting 20 grain silos as part of phase three of the development of the terminal, the press service of EVT said on Friday.
“Sinking piles in the ground is the most difficult and time-consuming step in the construction of silos. The advantage of this method is the reliability and stability of the structure, as well as the ability to carry out excavation work in a short time,” the press service said.
As reported, the piles were sunk to a depth of 13 meters. For each silo, 200 piles were driven. Next, the concrete foundation of the future silos was poured.
According to EVT, nine such bases are currently ready. The installation of metal structures and the assembly of the domes of three silos are going on. The dome of the first silo is being prepared for raising.
It is planned that by the beginning of the 2020/2021 agricultural year, the construction of eight silos with a storage capacity of 8,800 cubic meters each will be fully completed.

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