Business news from Ukraine

Business news from Ukraine

Ukrainian Defense Ministry has recently signed 16 contracts with Ukrainian UAV manufacturers

The Ministry of Defense of Ukraine will increase purchases of UAVs for the Ukrainian Armed Forces in 2023, given the needs and demands of the Ukrainian army, about 20 billion UAH should be allocated for this segment in 2023.

As noted in the message of the Ministry of Defense, at a meeting of representatives of the Ministry of the General Staff of the AFU, domestic developers and manufacturers of UAVs, recently signed 16 state contracts with domestic manufacturers of unmanned aerial vehicles.

Ukraine now has the easiest in Europe procedure for the admission of UAVs to the army, the Ministry of Defense stressed.

As a result, after the introduction of a new clearance procedure, which previously lasted a year and a half to two years, and now takes a few weeks, during the period from November 2022 to January 2023, the Defense Ministry received from the Ukrainian manufacturers 75 applications for UAVs of different types. Thirteen of them have already received codification and specifications have been approved. Three more types of UAVs are in the process of codification.

Participants of the joint meeting identified a number of tasks and steps to improve regulatory procedures. These proposals by the defense department are submitted for discussion by the Coordination Staff with the participation of the Deputy Prime Minister – Minister of Digital Transformation of Ukraine and the Ministry of Defense.

Electricity imports from Slovakia to Ukraine are growing

Slovakia’s electricity imports for Saturday rose 26.16 percent over Friday to 9,296 MWh, a new record high since it actually began in January, according to data on the website of Continental Europe System Operators Network ENTSO-E.
According to the website, imports will be 388 MW each in the 20 hours of the day and 383-385 MW in the remaining hours.

According to data on Ukrenergo’s electronic auction platform, the largest interstate cross-section capacity for imports for that day was booked by D.Trading – 450 MW for all hours of the day. In addition, 9 MW for all hours of the day was booked by Augusta Trading and 7 MW by ERU Trading. For tomorrow, the capacity booked by D. Trading and Augusta remains at the same level, with ERU Trading increasing it to 8 MW, plus 30 MW booked by DE Trading for all hours.

The cross-section price was still 0 UAH/MWh.

In total, Ukrenergo has been auctioning off 500-600 MW of cross-section capacity, which has almost doubled since January 26, depending on the hour of the day.
As reported, Ukraine, as ENTSO-E website testifies, started to receive imported electricity on January 15.

On January 15, 655 MWh, on January 20 – 220 MWh, on January 21 – 6,963 MWh, on January 22 – 6,672 MWh, on January 25 – 99 MWh, on January 26 – 3,813 MWh, on January 27 – 7,368 MWh. Total – 25790 MWh.

The most active importer is D.Trading. Besides it, ERU Trading, Nackstrade, as well as DE Trading, NAP-Comunity, Augusta, and U. Comodities booked the section in small amounts.

DTEK, for its part, said on January 25 that it had started importing electricity from Europe this month, and according to its calculations, the current electricity transmission capacity allows it to import about 500 million kWh per month, which corresponds to the monthly consumption of 2 million households.

According to the head of Ukrenergo Volodymyr Kudrytskyy, the imports, carried out by the trader DTEK and other companies, reduce the load on the energy system, but cannot fully cover the deficit of electricity.

According to the network operators, the limits of electricity consumption allocated to the regions allow to cover about half of the necessary resource, in Kiev – about 64%.

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Seven ships carry Ukrainian grain to Spain, China, Israel, Saudi Arabia and Kenya

Seven dry cargo ships carrying corn and wheat left Ukrainian ports on Friday, the Joint Coordination Center (JCC) reported.
“Seven ships left Ukrainian ports on January 27, carrying a total of 368,941 tons of grain and other food under the Black Sea Grain Initiative,” the report said.
Two dry-cargo vessels Tutor (69 756 tons of corn) and Tycoon (35 thousand tons of corn and 27.5 thousand tons of wheat) went to Israel. Navios Sagittarius (64,175 tons of wheat) went to Saudi Arabia, Arcturus (59,770 tons of wheat) – to Kenya.
Vessel Sword Lion delivered 25.5 thousand tons of corn to Italy, dry-cargo carrier Dsm Star delivered 8,329 tons of corn and 10,734 tons of wheat to Spain. The vessel Calypso will ship 68,177 tons of corn to China.
At the same time four dry-cargo ships, which on Friday passed through the maritime humanitarian corridor, are headed to Ukrainian ports.
The JCC reported that “80 applications for participation in the initiative have been submitted.”
“As of January 27, the total tonnage of grain and other agricultural products exported from the three Ukrainian ports is 18,790,961 tons. A total of 1,364 vessels have so far been allowed to move: 681 to arrive at Ukrainian ports and 683 to leave them,” summarized the JCC.

Indian woman assembled pieces on chessboard in record time

Odelia Jasmine from India set a Guinness Book record when she assembled the pieces on the chessboard in the correct order with one hand in the shortest time.
She managed to break the record in 29.85 seconds. She made the successful attempt in Pondicherry, India.
The previous record belonged to David Rush, he was able to place the chess pieces on the board in 30.31 seconds with one hand.
Jasmine told the Guinness Book of World Records that she had been training for more than a year to break the record.
“I’ve wanted to be a Guinness World Record holder for a very long time,” she said.

SG “TAS” has increased net premiums by 1.3%

TAS Insurance Group (Kyiv) has attracted UAH 2.343 billion of net premiums in 2022, which is 1.3% more than it was a year before, according to the company’s website.
It is specified that the company has collected UAH 500,89 mln of insurance payments on contracts of land transport insurance (hull insurance), which makes up 21,38% of the total net receipts of the insurer for the year. By obligatory insurance of motor third party liability (OSAGO) the amount of collected premiums has amounted to UAH 846,95 mln (36,15%), and by policies “Green Card” it has grown by 89% compared to the indicator for 2021 – up to UAH 438,57 mln (18,72%).
TAS IG has collected UAH 263.8 mln of net insurance payments according to the contracts of voluntary health insurance in 2022, and the proportion of VMI in the company’s portfolio is 11.26%.
In turn, UAH 63.22 mln of net payments have been collected under the property insurance contracts, and UAH 229.46 mln under other insurance contracts.
TAS IG was registered in 1998. It is a universal company, offering customers more than 80 types of insurance products for various types of voluntary and compulsory insurance. It has an extensive regional network: 28 regional directorates and branches.

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Geographical structure of foreign trade in goods in 2018-2022 (%)

Geographical structure of foreign trade in goods in 2018-2022 (%)

Source: Open4Business.com.ua and experts.news

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