Business news from Ukraine

Business news from Ukraine

Incidence of coronavirus in world fell by almost a third in a week

The incidence of coronavirus COVID-19 in the world over the week fell by 28%, mortality – by 22%, according to the weekly epidemiological bulletin of the World Health Organization (WHO).
Between September 5 and 11, the incidence of coronavirus fell in all regions of the world. The largest declines in infections were seen in the Western Pacific (down 36%), Africa (down 33%), and the Americas (down 27%). In just a week, more than 3.1 million new cases of COVID-19 were detected worldwide.
The number of deaths from coronavirus has decreased in all regions except Africa, where it increased by 10%. Most of all, mortality decreased in Europe (by 31%), in Southeast Asia (by 25%), and also in America (by 22%).
In general, less than 11,000 deaths related to COVID-19 were recorded worldwide in a week.
Over the entire period of the pandemic, more than 609.6 million cases of coronavirus infection and more than 6.5 million deaths from the consequences of the disease were detected in the world.

Ukraine reduced imports of copper by 62%, exports – by 55%

In January-August this year, Ukrainian enterprises reduced imports of copper and copper products in value terms by 61.7% compared to the same period last year, to $41.745 million.
According to customs statistics released by the State Customs Service of Ukraine, exports of copper and copper products over the specified period decreased by 55.3% to $64.143 million.
In August, copper and copper products were imported in the amount of $7.337 million, exported – in the amount of $4.442 million.
In addition, Ukraine in January-August 2022 reduced imports of nickel and products from it by 42% compared to January-August 2021 – to $44.635 million (in August – $7.438 million), aluminum and products from it – by 29.7 %, to $207.180 million ($35.390 million). At the same time, it reduced the import of lead and products from it by 63.7% – to $2.249 million ($151 thousand). The import of tin and products from it fell by 5% – to $2.468 million ($247 thousand), and the import of zinc and zinc products – by 56.2%, up to $26.135 million ($2.460 million).
Export of aluminum and products from it for eight months of 2022 decreased by 36.4% compared to January-August 2021 – to $66.455 million (in August – $8.798 million), lead and products from it by 64.3% – to $8.686 million ($0.199 million), nickel and products – by 59.3%, to $1.339 million ($0.073 million).
Export of zinc for the reporting period amounted to $1.302 million (no export was carried out in August), while in January-August 2021 it was $70 thousand. Export of tin and products in January-August 2022 amounted to $396 thousand (in August – $5 thousand). ) against $17 thousand for January-August-2021.
As reported, Ukraine in 2021 increased copper imports in value terms by 59% compared to 2020 – up to $183.161 million, exports of copper and copper products over the specified period increased by 2.4 times compared to 2020 – up to $206.390 million.
In 2021, Ukraine also increased the import of nickel and products from it by 45.8% compared to 2020 – up to $119.154 million, aluminum and products from it – by 30.2%, to $511.190 million. At the same time, it reduced the import of lead and products of it by 7.8% – up to $8.512 million, increased imports of tin and products from it by 75.2%, up to $4.977 million, and also increased zinc and zinc products – by 62.9%, up to $93.635 million.
Exports of aluminum and products from it in 2021 increased by 53.9% – to $169.094 million, lead and products from it by 52.8% – to $38.229 million, nickel and products – by 55%, to $4.856 million.
Zinc exports last year amounted to $550 thousand, while in 2020 it was $69 thousand (an increase of eight times). Export of tin and products in 2021 amounted to $346,000 against $117,000 in 2020.

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Ukraine reduced iron exports by 60%, 40% of supplies went to USA

In January-August of this year, Ukraine reduced the export of marginal iron in physical terms by 59.6% compared to the same period last year – to 877,631 thousand tons.
According to statistics published by the State Customs Service (SSC), during the specified period, the export of pig iron in money decreased by 57.8% – to $475,533 million.
At the same time, exports were made mainly to the USA (40.42% of deliveries in monetary terms), Poland (33.23%) and Turkey (9.3%).
In January-August 2022, Ukraine imported 15 tons of pig iron from Germany for $25 thousand, while in 8 months of 2021 it imported 149 tons of pig iron for $163 thousand from Germany (64.42%), the Russian Federation (28.22%) and Slovakia (7.36%).
As reported, in 2021, Ukraine increased the export of pig iron in physical terms by 4.2% compared to 2020 – to 3 million 235,772 thousand tons, the export of pig iron in monetary terms increased by 78.1% – to $1 billion 642,596 million At the same time exports were made mainly to the USA (53.61% of deliveries in monetary terms), Italy (22.08%) and Turkey (9.74%).
In 2021, Ukraine imported 185 tons of pig iron worth $226,000 from Germany (74.34%), the Russian Federation (20.35%) and Slovakia (5.31%), while in 2020 it imported 593 tons worth $417,000.

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Agroholding MHP reduced its net profit by more than 11 times in Q2

Agroholding MHP in the second quarter of 2022 received $20 million in net profit compared to $232 million in the second quarter of 2021, including excluding exchange rate differences, net profit decreased to $17 million from $201 million.
According to the company’s report on the London Stock Exchange on Wednesday, its revenue amounted to $595 million, an increase of 10% compared to last year.
According to the document, exports accounted for $333 million in revenue, or 56%, while in the second quarter of 2021, $285 million, or 53%.
Operating profit fell 72% to $67 million and adjusted EBITDA (excluding IFRS 16) to $111 million from $277 million in the second quarter last year.
“Despite the fact that MHP continues to face difficult challenges and disruptions in operations, sales and logistics, the company has now been able to restore poultry production at its Ukrainian facilities to almost 100% capacity. In recent months, new, albeit more complex and expensive logistics routes, and export volumes are growing. We expect to complete the grain harvest on almost all of our lands in the second half of the year,” the report says.
According to him, before the end of the year, MHP plans to take advantage of the opportunities of the Cherenomor Grain Initiative for the export of agricultural products.
“The Group incurred significant war-related expenses following the Russian invasion on February 24. For the period ended June 30, 2022, they amounted to nearly $50 million, including donations to support the community, write-offs of stockpiles and biological assets, and other war-related expenses.” , is specified in the document.
At the same time, the company had no material damage to facilities, infrastructure and products in Ukraine, with the exception of the destruction of the leased storage facility (with a loss of about $6 million in production) in March and the suspension of the production of “Ukrainian Bacon” in the Donetsk region, which has now been moved to other locations. in Ukraine.

European Commission will announce measures to solve problems in energy sector today

Member of the European Commission (EC) for Energy Kadri Simson said that on Wednesday, September 14, the EC proposal to address a number of problems that have arisen in the EU energy market will be made public.
“Tomorrow we will submit a proposal that aims to eliminate these problems,” the European Commissioner said on Tuesday, speaking at the plenary session of the European Parliament in Strasbourg.
Among the measures, she, in particular, named a reduction in demand for electricity, limiting the income of energy companies that produce electricity at low costs, contributions from companies that receive excess profits for the production of gas, oil and coal.
Referring to Russian gas imports, Simson noted that a “ceiling” on Russian gas would solve the problem of price speculation. However, more work is needed to assess the risk of a possible negative impact of such a measure on some EU Member States. In addition, the European Commission will continue to analyze how a price cap on all gas imports could function and what the consequences would be.

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Geographical structure of total imports of goods and services in 2021 (USD thousand)

Geographical structure of total imports of goods and services in 2021 (USD thousand)

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