Zaporizhstal Iron and Steel Works has completed the first stage of the overhaul of blast furnace No. 3.
According to the company, the repairs were carried out by Metinvest-Promservice specialists.
It is specified that the main task of this stage for the repairmen was to replace the upper gas shut-off valve. It equalizes the pressure between the receiving hopper and the furnace, and it is very important to replace it in a timely manner to ensure that the loading process is safe and uninterrupted.
“The blast furnace is currently operating stably, and meanwhile, specialists are preparing for the second stage of the overhaul, which will begin in April,” the press release states.
As reported earlier, Zaporizhstal doubled its rolled steel output in two months compared to the same period last year, up to 395.3 thousand tons from 196 thousand tons, steel output by 2.25 times to 471.1 thousand tons, and pig iron output by 75.7% to 512.3 thousand tons.
In 2023, the steel plant increased its rolled products output by 57.2% compared to 2022, up to 2 million 54.7 thousand tons, steel by 65.4%, up to 2 million 466.9 thousand tons, and pig iron by 35.3%, up to 2 million 718.9 thousand tons.
“Zaporizhstal is one of the largest industrial enterprises in Ukraine, whose products are in great demand among consumers both in the domestic market and in many countries of the world.
“Zaporizhstal is in the process of integration into Metinvest Group, whose major shareholders are System Capital Management (71.24%) and Smart Holding Group (23.76%).
Metinvest Holding LLC is the management company of Metinvest Group.
Ukraine will receive a EUR100 million loan from the Council of Europe Development Bank for the eRecovery project, said Oleksandr Kubrakov, Deputy Prime Minister for Reconstruction of Ukraine and Minister of Community Development, Territories and Infrastructure.
“Plus EUR 100 million in compensation for destroyed housing from the Council of Europe Development Bank. The relevant decision was made by the Bank’s Administrative Board, and negotiations are underway to sign a Framework Loan Agreement. This amount will be enough to receive more than 2,000 housing certificates for Ukrainians whose homes were destroyed as a result of Russian military aggression,” he wrote on Facebook.
As reported, the Administrative Board of the Council of Europe Development Bank (EBRD) approved the project “NOME. Compensation for Destroyed Property” at a meeting on March 25-26, under which it provided Ukraine with EUR 100 million.
The eRestoration program was launched in Ukraine on May 10, 2023, and owners of damaged housing began receiving compensation of up to UAH 200,000 for repairs. These funds can be used to purchase building materials, pay for construction work and services of contractors who have the appropriate codes to work and whose vendors have applied for participation in the program through the Diia portal. In December, payments for major repairs of damaged residential property were launched – up to a maximum of UAH 350 thousand for an apartment and UAH 500 thousand for a private house. Starting January 1, 2024, Ukrainians who have repaired their homes at their own expense will be eligible to receive compensation for damaged housing.
On August 1, 2023, Diia started accepting applications for compensation for housing destroyed by the war. Compensation will be paid to individual owners of housing that was destroyed due to hostilities after February 24, 2022, cannot be restored and is located in the unoccupied territory and not in the area of active hostilities.
On December 27, 2023, Diia started issuing housing certificates. Since the launch of the state compensation program, more than 11,000 applications have been submitted, and since January, 1637 Ukrainian families have already purchased new homes for a total of UAH 3.4 billion.
Metinvest Group’s Kametstal plant, which was built at the facilities of Dnipro Metallurgical Plant (DMK, Kamianske, Dnipro region), has implemented an investment project to stabilize coke oven gas pressure in the plant’s system to improve energy efficiency and energy independence.
According to a press release, Kametstal has implemented an investment project aimed at stabilizing coke oven gas pressure in the plant’s system as part of the introduction of modern technologies to improve economic efficiency and energy independence.
At the same time, it is specified that comprehensive tests of the installation of a coke oven gas storage system in gas collectors with the possibility of returning to the plant’s gas system have been completed at the site of the company’s power plant. The project is based on a modern technology for collecting excess coke oven gas that occurs in the network during the coke production process into soft gas holders to use it for the needs of the enterprise.
The infrastructure of the new complex, in addition to the pressure stabilization system equipment site, where two soft gas holders are installed – each with a filling volume of almost 580 cubic meters of gas, also includes a compressor building with two turbochargers for pumping gas and one air compressor, a condensate collection unit, technological networks and other equipment.
It is emphasized that the use of soft synthetic gas collectors is the latest approach to gas storage. Their advantages over metal ones include, first of all, an economical and less labor-intensive installation phase, as well as improved working conditions for personnel during maintenance during operation. The gas storage complex is fully automated and equipped with a preventive process safety system.
“The implementation of this investment project is another step of the enterprise and the company towards the priority goal of stable production. In the future, the coke oven gas storage unit will allow us to use this high-calorie gas more efficiently without losing its excess volumes. This is an opportunity to be more energy independent within the framework of the enterprise’s needs and increase the efficiency of production processes,” explained Mikhail Koptev, Director for Capital Construction and Investments.
“KAMETSTAL was established on the basis of PJSC Dnipro Coke and Chemical Plant (DCKhZ) and Centralized Steel Works of PJSC Dnipro Metallurgical Plant (DMK).
According to the 2020 report of Metinvest Group’s parent company, Metinvest B.V. (Netherlands) owned 100% of the shares in DCCP.
On March 26, Kyiv hosted the presentation of the new season of the visionary women’s accelerator “Vzvazhna 2. Scaling and Digitalization”. Its goal is to help Ukrainian women start or develop an existing business. The new season of the Vzvazhna accelerator is a logical continuation of the first iteration of the project and is aimed at digitalizing and scaling up their own business.
“The development of Ukrainian entrepreneurship is one of the main priorities of the Ministry of Digital Transformation. That is why we have launched the Diia.Business project and are implementing services in Diia that accelerate and simplify the launch and scaling of your own business. We also continue to implement programs and initiatives that help entrepreneurs develop their businesses. One of them is the visionary accelerator Vzvazhna, which has united a community of 5,000 entrepreneurs. In the first season, the project’s winners raised UAH 1.3 million to develop their businesses. The new season will allow us to launch and scale even more businesses, as small and medium-sized businesses are the backbone of our economy,” said Mykhailo Fedorov, Vice Prime Minister for Innovation, Education, Science and Technology, Minister of Digital Transformation of Ukraine.
“Vzvazhna offers future and active entrepreneurs a 4-month course in financial planning and management, marketing and sales, business digitalization tools, taxation, accounting, and tools for entering foreign markets.
“Supporting Ukrainian women on their way to entrepreneurship has always been one of our priorities. Especially now, when 60% of new sole proprietorships are started by women. Last year, together with our partners, we launched the Vzvazhna accelerator. It brought together thousands of women entrepreneurs in a large community. Each participant gained the necessary knowledge and support on their way to starting or scaling their own business. Their stories inspired us to continue the program. Today, we are launching the second season of the accelerator to provide even more opportunities for Ukrainian women in the entrepreneurial sphere,” said Valeria Ionan, Deputy Minister of Digital Transformation of Ukraine for European Integration.
Based on the results of the training, 40 participants will receive UAH 100,000 each to implement their business ideas. At the final event, Grand Pitch Day, 12 finalists will compete for the main project incentive in the following categories: “Debutante, Visionary, and Barrier-Free Business Project. The three business projects with the highest scores from the jury will each receive an additional UAH 400,000 to develop their own business.
“The successful launch of the Vzvazhna project is an appropriate and timely occasion to emphasize the need to digitalize even more Ukrainian SMEs, which is one of Visa’s main focuses. The goal of this year’s accelerator is to scale and take the businesses of brave Ukrainian women to the next level. Owning their own successful business gives women access to shaping the country’s economic agenda, financial independence and mobility, creating new jobs, increasing production or services, filling the state budget with taxes, and, as a result, strengthening Ukraine’s role on the global business map. Mza is ready to support entrepreneurs in every step of their journey, thus expanding access to the digital economy,” said Svitlana Chyrva, Vice President, Regional Manager for Ukraine and Moldova at Visa.
The accelerator will combine two learning formats:
The accelerator participants will also receive additional offers that will accelerate business digitalization from Visa: monobank, Ukrposhta, Checkbox, Shop-Express.
“According to a study on the needs and problems of women entrepreneurs, more than a third of Ukrainian women surveyed say that one of the most common obstacles is lack of access to free training programs, noting financial literacy as one of the most popular areas for improving competencies. It is important to note that other important areas of development identified by entrepreneurs are the digitalization of business processes and the systematization of information. All of this data is concrete evidence that future and active entrepreneurs are striving to improve their skills, develop their own businesses, scale up, and innovate. The Vzvazhna accelerator will become a catalyst for meeting these needs by providing the necessary knowledge and resources for successful business operations,” said Andriy Remizov, Director of the State Agency “Office for Entrepreneurship and Export Development.”
The accelerator participants will also receive additional offers that will accelerate business digitalization from Viza’s partners: TopBank, Ukrposhta, Checkbox, Shop-Express.
“According to a study on the needs and problems of women entrepreneurs, more than a third of Ukrainian women surveyed say that one of the most common obstacles is lack of access to free training programs, noting financial literacy as one of the most popular areas for improving competencies. It is important to note that other important areas of development identified by entrepreneurs are the digitalization of business processes and the systematization of information. All of this data is concrete evidence that future and active entrepreneurs are striving to improve their skills, develop their own businesses, scale up, and innovate. The Vzvazhna accelerator will become a catalyst for meeting these needs by providing the necessary knowledge and resources for successful business operations,” said Andriy Remizov, Director of the State Agency “Office for Entrepreneurship and Export Development.”
To learn more about the project and apply for participation, please visit the Program’s landing page here: https://www.vidvazhna.com.ua/#about. The application deadline is April 28, 2024 (23:59).
The project will run from April to September 2024. You can watch the recording of the Program presentation here.
In 2023, Vzvazhna brought together more than 5,000 Ukrainian women who received online and offline training at 10 Diia.Business entrepreneurial support centers. As a result of the program, 6 Ukrainian women raised UAH 1.3 million to start and develop their own businesses.
The new season of the visionary women’s accelerator “Vzvazhna 2. Scaling and Digitalization” is being implemented by the Diia.Business network of entrepreneur support centers with the assistance of the Ministry of Digital Transformation of Ukraine, the Office for Entrepreneurship and Export Development, and with the support of the USAID Ukraine Confidence Building Initiative (UCBI) and the global initiative She’s Next Empowered by Visa.
The final of qualification for the European Football Championship-2024 allowed to determine all 24 national teams that will fight for the Henri Delaunay trophy, the national team of Ukraine entered Group “E” together with Belgium, Slovakia and Romania, the official website of the tournament reports.
On Tuesday, March 26, after the decisive play-off matches of Euro-2024 qualification, the last three participants of the final part of the tournament were determined. They were the national teams of Ukraine, Georgia and Poland.
Georgia defeated Greece in a penalty shootout and will play for the first time in history at a big forum of national teams, Poland also defeated Wales in a series of 11-match penalty shootout, and Ukraine snatched a willful victory over Iceland.
Ukraine responded to a goal by Iceland’s Albert Gudmundsson after the break with goals by Viktor Tsygankov and Mykhailo Mudryk. The Ukrainians will meet Belgium, Slovakia and Romania at the European Championship.
The European Championship in 2024 will be hosted by Germany. It automatically got into Group A. Bundestim in the opening match of the tournament will meet Scotland in Munich.
The composition of all groups of the European Championship-2024:
Group A: Germany, Scotland, Hungary, Switzerland
Group B: Spain, Croatia, Italy, Albania
Group C: Slovenia, Denmark, Serbia, England
Group D: Poland, Netherlands, Austria, France.
Group E: Belgium, Slovakia, Romania, Ukraine
Group F: Turkey, Georgia, Portugal, Czech Republic.
The tournament will begin on June 14 and end on July 14.
Germany’s economy will avoid recession in 2024, but will grow by only 0.1% due to declining exports and weak domestic demand, according to leading German research institutes.
The previous forecast, prepared by the Munich-based Institute for Economic Research (IFO), the Kiel-based Institute for World Economics (IfW), the Rhineland-Westphalian Institute for Economic Research in Essen (RWI) and the Institute for Economic Research in Halle (IWH), predicted German GDP growth of 1.3%.
In 2023, the German economy shrank by 0.3%.
The economists warned that domestic demand is growing more slowly than expected, and exports are suffering due to high electricity prices, which reduce the competitiveness of German energy-intensive goods.
“Cyclical and structural factors are leading to a weakening of economic growth,” said Stefan Koots, head of economic research at the IfW. – “A recovery may begin in the spring, but overall, the growth momentum will not be very strong.
In 2025, according to experts, Germany’s GDP growth will accelerate to 1.4%.
The forecast for inflation for 2024 is 2.3%, for 2025 – 1.8%.
Earlier, Experts Club analytical center released a video analysis of GDP changes in major countries, the video is available at https://youtu.be/w5fF_GYyrIc?si=EpL-_EmhIGfMURGl
