Business news from Ukraine

Ukrainian companies increased aluminum imports 4.2 times in January-February 2024

According to customs statistics released by the State Customs Service of Ukraine, Ukrainian companies increased aluminum imports by 4.2 times to $60.431 million in January-February this year ($26.930 million in February). At the same time, exports of aluminum and aluminum products in the first two months of 2024 decreased by 4.2 times compared to the same period a year earlier, to $15.618 million (in February – $7.619 million).

Last year, exports of aluminum and aluminum products increased by 0.7% compared to 2022, to $97.616 million.

In addition, in 2022, Ukraine reduced imports of aluminum and aluminum products by 33.4% to $340.398 million.

Exports of aluminum and aluminum products in 2022 decreased by 42.7% compared to 2021, to $96.972 million.

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OTP BANK is among top ten best enterprises of Ukraine in category “Banking” – Opendatabot

JSC OTP BANK entered the Top 10 banks included in the Index of the best enterprises of Ukraine with an impeccable business reputation and the highest revenue for 2023 in the Banking category.
According to the results of the year, OTP BANK ranked eighth in the overall rating of banking institutions and third among banks with foreign capital.
The Opendatabot index is updated annually. As stated on the company’s website, the index takes into account both financial indicators (financial statements of companies for 2023) and business reputation of businesses.


The Index for 2023 is available here.
In February, OTP Bank took a leading position in the Bank Viability Rating – 2024, compiled by the business publication Mind. It received four out of five stars and one of the highest ratings among both state-owned and non-state-owned banks with Ukrainian and international capital.

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Ukraine imported copper worth $29 mln and exported $10 mln in January-February

In January-February this year, Ukrainian companies increased imports of copper and copper products by 66.8% in value terms compared to the same period last year, to $29.125 million.

According to customs statistics released by the State Customs Service of Ukraine on Wednesday, exports of copper and copper products decreased by 23% to $10.896 million over the period under review.

In February, the country imported copper worth $12.292 million and exported it for $5.617 million.

As reported, in 2023, Ukraine increased imports of copper and copper products by 2.2 times compared to 2022 – up to $140.795 million, while exports decreased by 20.1% to $72.078 million.

In 2022, Ukrainian companies reduced imports of copper and copper products by 64.3% year-on-year to $65.370 million, while exports decreased by 56.3% to $90.245 million.

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Polish farmers started blocking movement of buses at one of checkpoints

Polish protesters at 11 o’clock began blocking the movement of buses at the approach to the checkpoint (BCP) “Medika – Shegini”, the State Border Guard Service of Ukraine reports.

“At the checkpoint “Medika – Shegini” began blocking the movement of buses,” the State Border Service said in a message in its Telegram channel on Wednesday.

“According to information from Polish colleagues the restriction of bus traffic began today at about 11:10. Its organizers block traffic on the road in front of the checkpoint “Medika”, adjacent to the Ukrainian checkpoint “Shegini”,” – specifies the State Border Service.

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Ukrainian metallurgical enterprises increased exports of steel products to $152 mln in January-February

In January-February 2024, Ukrainian metallurgical enterprises increased their exports of steel products by 3.7% to $152.383 million. In February, they were exported for $88.056 million.

According to statistics released by the State Customs Service, imports of metal products increased by 33.4% to $144.769 million. In February, these products were imported for $72.123 million.

As reported earlier, in 2023, Ukraine’s steelmaking companies reduced revenues from exports of ferrous metals by 41.59% compared to 2022, to $2 billion 647.722 million, with ferrous metals accounting for 7.32% of total revenues from exports of goods in this period, while in 2022 the share was 10.26%. At the same time, in 2023, Ukraine increased imports of similar products by 37% to $1 billion 307.046 million.

In addition, last year, Ukraine reduced exports of metal products by 16.6% year-on-year to $877.916 million. At the same time, imports of metal products increased by 40.3% to $902.565 million during this period.

In 2022, Ukraine decreased revenues from ferrous metal exports by 67.5% compared to 2021, to $4 billion 533.088 million. During this period, ferrous metals accounted for 10.26% of total revenues from exports of goods, compared to 20.49% in 2021. At the same time, in 2022, Ukraine reduced imports of similar products by 38.3% to $954.387 million.

In addition, in 2022, Ukraine reduced exports of metal products by 18.6% to $1 billion 52.512 million. Imports of metal products fell by 42.9% to $643.162 million over the year.

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In January-February, Ukrainian steelmakers increased revenues from ferrous metal exports by 46% to $522 mln

In January-February of this year, Ukrainian steelmakers increased revenues from exports of ferrous metals by 46.3% year-on-year to $522.519 million.

According to statistics released by the State Customs Service (SCS) on Wednesday, ferrous metals accounted for 7.67% of total export revenues during this period, compared to 5.53% in January-February 2023.

In February, revenues from exports of ferrous metals amounted to $248.443 million.

At the same time, Ukraine increased imports of similar products by 35.6% to $221.529 million in January-February this year. In February, the country imported products worth $112.114 million.

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