Business news from Ukraine

Business news from Ukraine

3 ships to transport corn and sunflower from Ukraine to China

Three dry cargo vessels with corn and sunflower meal departed from Ukrainian ports on Wednesday, the Joint Coordinating Centre (JCC) has reported.
“On January 4, three ships left Ukrainian ports, carrying a total of 197,851 tonnes of grain and other food under the Black Sea Grain Initiative,” the JCC said.
Three bulk carriers – Presinge (70,514 tonnes of corn), Shen Yu 79 (64,667 tonnes of corn) and Mona KH (44,670 tonnes of corn and 18,000 sunflower meal) – are heading to China.
Seventy applications to join the Black Sea Grain Initiative have been submitted, the center said.
In addition, six ships are awaiting permission to enter the Ukrainian ports, 26 loaded dry cargo ships are waiting to sail to their destinations.
“As of January 4, the total tonnage of grain and other foodstuffs exported from the three Ukrainian ports is 16,630,516 tonnes. A total of 1,239 voyages (616 inbound and 616 outbound) have been enabled so far,” the JCC said.

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Zaporizhkoks will focus on implementation of investment projects and improving efficiency of work

PrJSC Zaporizhkoks, one of the largest producers of coke products in Ukraine, which is part of Metinvest Group, will focus on improving work efficiency and implementing investment projects aimed at updating the furnace stock and improving product quality.
According to the company, these are the program goals of the newly appointed acting general director of the enterprise Oleksandr Bekhter.
As specified, Bekhter has many years of experience in the coke industry. He started at the coke shop of Zaporizhkoks, reached the post of deputy head of the enterprise’s tar distillation shop. In 2015-2018 he worked in the production and technical department, then headed it. Since 2018, he has been holding the position of production director of Zaporizhkoks.
“In his new position, Bekhter will focus on improving the efficiency of Zaporizhkoks and implementing investment projects aimed at updating the furnace fund and improving product quality,” the press release states.
Metinvest is a vertically integrated mining group of companies. Its main shareholders are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage the company.
Metinvest Holding LLC is the management company of Metinvest Group.

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Grain trader “Prometey” has already sent 8 million UAH to humanitarian projects

Prometey Group of Companies during the full-scale Russian invasion of Ukraine has implemented a number of socially oriented projects to support civilians in Mykolaiv and the region, materially meet the needs of Ukrainian warriors, and for the safety and social security of its employees.
According to a press release of the holding on Wednesday, 8 million UAH were allocated for these purposes, during which dozens of humanitarian projects were implemented.
For example, in December 2022 Prometey allocated funds to the Mykolayiv Regional Military Administration for the purchase of generators for units of the AFU.
As noted, “Prometey” was established in Nikolaev, so the company provides feasible assistance primarily to this city and the Nikolaev region.
“We buy food, medical equipment. Our help is in person, without intermediaries. We ourselves, for example, carried food to the front line of our military. Today, generators are the thing of prime necessity, so we promptly responded to the needs of the military,” the grain trader quotes Raphael Goroyan, head of the holding’s nabs council.
Prometey Group provides services in storing, processing and logistics of crops. Before the Russian aggression the holding owned 34 elevators in the Mykolaiv, Kirovograd, Kiev, Khmelnytsky, Zaporizhzhya, Sumy, Odessa, Kherson and Dnipropetrovsk regions.
By the end of 2021, the group planned to receive $45 mln EBITDA, while in 2020 this figure reached $32.6 mln and in 2019 – $30.5 mln.

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Turkey is ready to participate in implementation of Ukrainian Formula World

President of Ukraine Volodymyr Zelenskyy after telephone talks with Turkish President Recep Tayyip Erdogan said that Turkey is ready to take part in the implementation of the Ukrainian Formula World.
“Talked with Turkish President Recep Tayyip Erdogan. We touched on the topics of cooperation on security, in particular with regard to the ZAZ – there should be no invaders there, the exchange of prisoners of war, the development of the “grain” agreement. I was glad to hear that Turkey is ready to participate in the implementation of our Peace Formula,” Zelensky wrote on Twitter.

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“Zaporizhstal” reduced rolled steel output by 60.4%

Zaporizhstal Iron and Steel Works “Zaporizhstal” in 2022 reduced the production of rolled steel by 60.4% compared to 2021 – down to 1 million 304.3 thousand tons.
According to the company’s information, the steel output fell by 61.7% to 1 million 491.3 thousand tons over this period, and iron output decreased by 54.3% to 2 million 9.9 thousand tons.
In December 2022, the steel plant produced 142.1 thousand tons of cast iron, 70.8 thousand tons of steel, shipped 56.7 thousand tons of rolled steel.
“The decline in production levels compared to the same period of the previous year is due to the shortage of raw materials and logistical problems caused by full-scale military action in Ukraine. In addition, due to the massive rocket attacks on the energy infrastructure and, as a consequence, the lack of capacity in the energy system, the plant reduced production, thus reducing the consumption of purchased electricity,” the press release explains.
As it was reported, Zaporizhstal in 2021 kept the output of rolled steel at the level of 2020 – 3.204 million tons, reduced steel production by 0.1% – to 3 million 778.25 thousand tons and increased the iron – by 0.1%, to 4 million 473.5 thousand tons.
“Zaporizhstal is one of the biggest industrial enterprises in Ukraine, which products are in great demand among domestic and foreign consumers. The plant specializes in high-quality carbon and low-alloy steel coils, hot-rolled plates, cold-rolled sheets, cold-rolled coils, as well as steel straps, tin plates, formed sections.
Main consumers are producers of welded pipes, enterprises of automotive, transport, agricultural engineering, producers of household appliances.
“Zaporizhstal is in the process of integration into Metinvest Group the main shareholders of which are CJSC “System Capital Management” (71.24%) and Smart Holding group of companies (23.76%).
Metinvest Holding LLC is the management company of Metinvest group.

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Internal and external debt of Ukraine in 2009-2022

Internal and external debt of Ukraine in 2009-2022

http://www.minfin.gov.ua