Official rates of banking metals from national bank as of December 10
One troy ounce=31.10 grams
National bank of Ukraine’s official rates as of 10/12/19
Source: National Bank of Ukraine
The Ministry of Digital Transformation of Ukraine has announced the selection of 15 technology startups that will represent Ukraine at the tenth global conference of entrepreneurs and investors Startup Grind Global 2020 in Silicon Valley. The tender will be held jointly with Startup Grind Kyiv (the official representative of the international startup ecosystem Startup Grind) with the support of the U.S. Agency for International Development (USAID) program “Competitive Economy of Ukraine.”
“Mature startups who built the product can become participants in the program, they know firsthand what is profit and are ready to scale. To participate in the tender, startups need to fill out an online application form before 12:00 on December 16,” the ministry reported on the website.
The jury will review the online questionnaires received from startups from December 16 to December 19, 2019 and will select the 25 best from all over Ukraine for further live pitching and final selection.
Next, on December 19, 2019, a pitching session will be held, during which the jury will select and announce the 15 best startups, the winners of the contest, by voting.
The winners of the tender will receive a ticket to participate in the conference, an exhibition stand, promo participation in the conference and PR support of the organizers, as well as covering financial costs for logistics.
Startup Grind Global 2020 will be held in Silicon Valley in the United States on February 9-12, 2020. The event is attended by 300 teams from more than 125 countries, which present their products to 10,000 participants in the event.
Startup Grind Kyiv is the official representative of Startup Grind (the community has about 2 million of the best entrepreneurs in the world), has been holding regular events in Kyiv since 2014.
In 2018-2019, Kharkiv Steel LLC actively expanded its operations, upgraded its production facilities and increased its range of rolled metal products and construction materials, which laid the foundation for the company’s further sustainable development, according to the company’s materials.
In 2018, the company focused on modernizing key internal processes, improving logistics and increasing inventories, which helped stabilize the supply of metal and construction materials to corporate and private customers. During this period, Kharkiv Steel also expanded its range of rolled steel products and related materials, including products for construction and infrastructure works.
In 2019, the company continued to develop its service model by investing in upgrading its warehouse infrastructure and metal cutting equipment. This allowed the company to increase supply volumes and fulfill individual orders more quickly. The company intensified its work with industrial customers and construction and installation organizations, which contributed to the growth of total sales.
Norayr Avetysyan, owner and director of Kharkiv Steel, noted that these years were fundamental for the company’s further development:
“2018-2019 was a period of systemic renewal for us. We invested in processes, logistics, and infrastructure because we saw the market demand and realized that the company needed more flexibility and speed. These were years of active internal growth, thanks to which we were able to build a safety margin for the next challenges,” Avetysyan emphasized.
He added that the modernization of the warehouse complex and the expansion of the rolled metal product range allowed the company to respond to demand faster than competitors while maintaining the quality of supply.
The company’s materials indicate that the strategic directions for that period were the development of metal products production, improvement of cutting and delivery services, and expansion of work with corporate clients and large construction contractors.
Kharkiv Steel LLC (USREOU code 38879988) was registered on October 29, 2013. The company’s principal activity is non-specialized wholesale trade (NACE 46.90). Legal address: 1, Zolochivska St., Kharkiv.
The company operates as a multidisciplinary metal warehouse supplying steel, stainless steel and used rolled metal products, construction materials, as well as providing metal cutting and delivery services in Kharkiv and the region.
The company’s product portfolio includes rebar, beams, channels, flat products, pipes, squares, corrugated board, metal tiles, cement, crushed stone, sand, slate and expanded clay. The authorized person and ultimate beneficiary is Norayr Avetysyan.
Kovalska Industrial and Construction Group plans next year to implement two partnership projects for the construction of A class business centers in the central part of Kyiv, Serhiy Pylypenko, the group’s director general, has said. “We see that office real estate is a segment in which there is a stable demand. Now, in partnership with two companies, we are considering two major projects in office real estate,” Pylypenko said during a press breakfast, adding that the portfolio of projects for next year includes A class office real estate for 100,000 square meters in the central district of Kyiv.
He explained that both projects are currently at the stage of developing a concept and choosing an architectural company, and already in 2020 it is planned to begin its implementation.
“This will be construction from scratch. The first office complex (four to five buildings) will have a total area of about 60,000-70,000 square meters and the second is two office buildings of 12,000 square meters. One of them we want to implement according to the LEED Silver green building standards,” the Kovalska Group CEO said.
As reported, Kovalska is at the final stage of purchase of a land plot in Lviv region, where it plans in the second quarter of 2020 to build a plant for the production of dry construction mixes with a design capacity of 120,000 tonnes per year. In general, the work can last about two years, but the group intends to complete them by the end of 2021. The preliminary project cost is estimated at $15-20 million.
Ukraine in January-November 2019 imported 7.676 million tonnes of petroleum products (according to foreign trade activity code 2710, petrol, diesel fuel, fuel oil, jet fuel, etc.), which is 3.6% more than in the same period of 2018.
According to the State Fiscal Service, petroleum products were imported in the amount of $4.844 billion, which is 4.9% less than in January-November 2018.
Fuel imports from Belarus amounted to $1.849 billion (a share of 38.17%), Russia to $1.708 billion (35.27%), Lithuania to $556.498 million (11.49%), from other countries to $730.585 million (15.08%).
In addition, in the 11 months, Ukraine exported 498,915 tonnes (21.6% more compared to January-November 2018) of petroleum products for a total amount of $247.255 million (up by 6.5%). The cost of fuel delivered to contractors from Greece amounted to $53.646 million, Latvia some $31.914 million, Hungary some $28.333 million, and from other countries some $133.362 million.
