Dynamics of the consumer price index in 2002-2020, in %.
SSC of Ukraine
National bank of Ukraine’s official rates as of 02/02/21
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of February 2
One troy ounce=31.10 grams
Revenue of Metinvest B.V. (the Netherlands), the parent company of the Metinvest mining and metallurgical group, in November 2020 increased by 8.4%, or $73 million, compared to the previous month, to $941 million from $868 million.
According to the published preliminary unaudited consolidated monthly results of the company’s financial statements, the overall rate of EBITDA amounted to $263 million in November, which is $23 million more than in October ($240 million), while EBITDA from participation in the joint venture was $53 million (in October $56 million).
According to the financial statements, the adjusted EBITDA of the metallurgical division of the group for November 2020 amounted to “plus” $136 million (in October, “plus” $140 million), including $10 million from participation in the joint venture ($9 million); EBITDA of the mining division – $142 million (in October $128 million), including from the joint venture – $43 million ($47 million). The management company spent $8 million ($7 million).
Total revenue in November consisted of $759 million ($689 million in October) for the metallurgical division, $268 million ($228 million) for the mining division, and intragroup sales of $86 million ($49 million).
The total debt of the company in November increased by $8 million compared to October, to $2.940 billion from $2.932 billion, whiles the amount of cash increased by $101 million, to $813 million from $712 million.
Funds used in investment activities amounted to $81 million and in financial activities to $71 million.
Metinvest received $61 million from the resale of square billets (produced by PJSC Dniprovsky Metallurgical Plant of the Industrial Union of Donbas corporation) in November in the amount of 138,000 tonnes. In addition, $120 million was received from the resale of 225,000 tons of flat-rolled products, 67,000 tonnes of long rolled products for $34 million, and 113,000 tonnes of cast iron for $44 million.
In general, the company in November sold 517,000 tonnes of semi-finished products for $222 million, 801,000 tonnes of finished metal products for $454 million, and 165,000 tonnes of coke for $34 million.
In November, the group sold 1.589 million tonnes of iron ore for $172 million, and 49,000 tonnes of coal concentrate for $6 million.
The international TV manufacturer KIVI, headquartered in Ukraine, has signed an agreement on strategic partnership and deep integration with one of the largest electronics manufacturers, Shenzhen MTC (China, Shenzhen).
“In 2021, within the framework of the signed agreement, the Chinese manufacturing giant will invest more than $ 13 million only in the development of a new line of smart TVs KIVI 2021. Investments will be directed to the development of new hardware and software solutions for a significant increase in productivity and the implementation of a number of innovative technologies, new design solutions, as well as improved picture and sound quality,” the Ukrainian company said.
The document also provides for the implementation of a number of innovative projects aimed at developing products under the KIVI brand over the next five years.
KIVI is an international company, developer and manufacturer of smart TVs and TV services. Products under the eponymous brand are sold in the European and Asian markets, and the KIVI TV service is available on all TV sets with the Android system in Ukraine.
The head office of KIVI is located in Kyiv, the development of TV sets and TV services is carried out by an international team of KIVI specialists, and production is carried out at high-tech factories in Europe and Asia.
Ukrainian Foreign Minister Dmytro Kuleba and U.S. Secretary of State Antony Blinken reaffirmed the importance of the strategic partnership between Ukraine and the United States.
“In our first call today Antony Blinken and I affirmed the importance of the Ukraine-U.S. strategic partnership. We agreed to raise the level of amtition and begin a new day in our relations. Grateful for the unfaltering U.S. support of Ukraine’s sovereignty and territorial integrity,” Kuleba wrote on his Twitter on Monday night.
“It was our first conversation. The Secretary of State indicated at the very beginning that he wanted to talk with Ukraine one of the first […] We agreed on the main thing – to fill our strategic partnership with new ambitions,” Kuleba said on the Freedom of Speech television program on ICTV.
The minister said the conversation with U.S. Secretary of State Blinken was planned last week and did not take place for technical reasons.
