Ukraine in February 2020 increased production of steel by 1.2% compared to the same period in 2019, to 1.709 million tonnes, falling from the 12th to 13th place, but retaining the 12th position according to the results of two months of this year in the ranking of 64 countries, the main global manufacturers of these products, compiled by the World Steel Association (Worldsteel).
In February 2020 from February 2019, an increase in steel production was recorded in most countries of the top ten, except for Russia, Germany and Brazil.
The top ten steel producing countries according to the results of February is as follows: China (74.773 million tonnes, an increase of 5%), India (9.560 million tonnes, an increase of 1.5%), Japan (7.916 million tonnes, an increase of 2.2%), the United States (7.168 million tonnes, an increase of 3%), the Russian Federation (5.615 million tons, a drop of 2.3%), South Korea (5.380 million tonnes, an increase of 2.1%), Germany (2.920 million tonnes, a decrease of 12%), Turkey (2.851 million tonnes, an increase of 8.2%), Iran (2.710 million tonnes, an increase of 34.3%), and Brazil (2.704 million tonnes, a decrease of 1.3%).
They are followed by Italy (2.046 million tonnes, an increase of 0.1%), Vietnam (1.780 million tonnes, an increase of 24.4%), Ukraine (1.709 million tonnes, an increase of 1.2%), Taiwan (1.590 million tonnes, a decrease of 5.5%), and Mexico (1.340 million tonnes, a decline of 19.3%).
In February 2020, some 64 countries produced 142.396 million tonnes of steel, which is 2.1% more than in February 2019.
The Agroliga Group (Kharkiv region) saw EUR 6.75 million in net profit in 2019, which is 17.3% more than in 2018.
According to a report of Agroliga Group Plc on the Warsaw Stock Exchange, revenue soared 2.3 times, to EUR 50.44 million.
Gross profit last year increased 1.8 times compared to the previous year, to EUR 10.61 million, operating grew by 34.2%, to EUR 8.02 million.
Earnings before interest, taxes, depreciation and amortization (EBITDA) in 2019 increased 1.6 times, to EUR 11.2 million.
Assets of Agroliga in 2019 increased 1.6 times and as of December 31, 2019 amounted to EUR 66.91 million. Net debt at the end of the year increased 42.6%, to EUR 30.62 million.
Agroliga has been operating in the Ukrainian market of agricultural products since 1992. Its enterprises are engaged in production, processing and sale of grains and oilseeds.
Private joint-stock company AVEC and Co. concern (Kharkiv) of businessman Oleksandr Feldman cut net loss by 12% in 2019, to UAH 133 million.
According to a company report in the information disclosure system of the National Securities and Stock Market Commission on the annual general meeting of shareholders scheduled for April 27, net loss per share in 2019 was UAH 16.41.
The uncovered loss in 2019 increased 11.1% compared to the previous year and amounted to UAH 1.32 billion.
The total accounts receivable of the company decreased 26.4%, to UAH 671.6 million. At the same time, the company’s noncurrent liabilities increased 19.7%, to UAH 1.34 billion, while current liabilities slightly decreased to UAH 1.31 billion.
At the end of 2019, the assets of the company increased 4.1%, to UAH 2.13 billion.
In addition, the shareholders intend to change the composition of the supervisory board, terminating the powers of the shareholders Viktor Larchenko, Oleksandr Feldman, Valeriy Bahinsky and Maksym Vodka.
PrJSC AVEC and Co. concern has been operating in the Ukrainian market since 1987. It specializes in retail and commercial real estate management (since 1994), development, financial activities, as well as transportation, media business and other spheres.
The TAS insurance group in February 2020 collected UAH 141.82 million of insurance premiums, which is 12.9% more than in February 2019, the insurer said on its website.
Most of the premiums (37.17%) accounted for compulsory insurance of vehicle owners’ civil liability (OSAGO), of which UAH 52.72 million were collected. This is 31.6% more than a year ago.
Under the voluntary car insurance (KASKO) policies, TAS insurance group attracted UAH 32.08 million in premiums, which is 22.62% of the total insurer’s income for the month, and more than 1.5 times exceeds the same indicator of February 2019. Under the Green Card policies, premiums amounted to UAH 28.5 million (a rise of 20.95%), under voluntary medical insurance policies – UAH 4 million, which is 56.8% higher than the same indicator for the second month of last year. Under other insurance policies in February the group attracted UAH 18.52 million of premiums.
In February, the company paid UAH 70.46 million as indemnities, which is 25.6% more than for the reporting period last year.
More than a third of all insurer payments per month – 35.34% – accounted for compulsory civil liability insurance policies of car owners, under which a total of UAH 24.9 million was reimbursed.
KASKO is in the second place of the February payments portfolio with a share of 30.4%: UAH 21.42 million was reimbursed under the ground transport insurance policies – 32.3% more than a year ago.
Under voluntary medical insurance policies, TAS paid UAH 10.15 million, which is 14.4% of the company’s total payments and 60.4% higher than in February last year.
The share of the Green Card of the payment portfolio of the company amounted to 12.89%: under the relevant policies, TAS compensated UAH 9.09 million during the month, which is over 1.5 times more than in February 2019.
Under other insurance policies, UAH 4.9 million of insurance indemnities were paid.
Ukraine is holding talks on supply of medicines with active substance Hydroxychlorochinum, which in particular are prescribed to treat malaria and showed the efficacy against the coronavirus disease COVID-19, Head of the parliamentary committee for health of the nation and medical insurance Mykhailo Radutsky has said.
“There is such a drug – hydroxychlorochinum, which is prescribed for the treatment of malaria, rheumatoid arthritis and some dermatological diseases. There are no clinical trials of the efficacy of treating COVID-19. However, the corresponding clinical trials are being conducted in the United States, Europe and China. The law that we plan to adopt will allow us to apply this drug during the treatment of COVID-19. Today, we are looking for this drug around the world, countries have banned its export, consider it strategic,” he said in an exclusive interview with Interfax-Ukraine.
Radutsky said that negotiations on the purchase of the drug are underway, in particular with India.
“This is the second day in negotiations with the government of India, where this drug is also being manufactured. We are waiting for their decision,” he said.
Ukraine will switch to summer daylight saving time in the early hours of March 29, 2020.
“We inform that according to Cabinet of Ministers resolution No. 509 of May 13, 1996 on the procedure for calculating time on Ukrainian territory in the territory of Ukraine on March 29, 2020 at 03.00 Kyiv time the summer daylight saving time is introduced with clocks moved one hour forward,” the department of the technical regulation and metrology of the Ministry for Development of Economy, Trade and Agriculture of Ukraine.
