Business news from Ukraine

Business news from Ukraine

“Zaporozhkoks” cuts coke production by 1.8% in January-April

Zaporozhkoks, one of Ukraine’s largest coke producers and a member of Metinvest Group, reduced blast furnace coke production by 1.8% year-on-year to 281.8 thousand tons from 286.9 thousand tons in January-April this year.

According to the company, in April, it produced 72.06 thousand tons of coke, while in the previous month – 74.1 thousand tons, in April-2024 – 72.15 thousand tons.

As reported, Zaporozhkoks increased its blast furnace coke production by 2.1% in 2024 compared to 2023, up to 874.7 thousand tons from 856.8 thousand tons.

“In 2023, Zaporozhkoks increased its blast furnace coke output by 16% compared to 2022, up to 856.8 thousand tons from 737.4 thousand tons.

“Zaporozhkoks produces about 10% of coke in Ukraine and has a full technological cycle of coke products processing. It also produces coke oven gas and pitch coke.

“Metinvest is a vertically integrated mining group of companies. Its major shareholders are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage the company.

Metinvest Holding LLC is the management company of Metinvest Group.

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Julia Davis appointed new US ambassador to Ukraine

Julia Davis has been appointed the new ambassador of the United States to Ukraine, US State Department spokesperson Tammy Bruce announced during a briefing on Thursday.

Davis is currently serving as the US ambassador to the Republic of Cyprus.

Prior to her appointment as ambassador to Cyprus, Julia Davis served as Special Envoy for Belarus in Vilnius, Lithuania.

In 2020, she was confirmed as the first US ambassador to the Republic of Belarus since 2008. Previously, Davis served as deputy assistant secretary of state for Western European and European Union affairs in the Bureau of European and Eurasian Affairs, as well as deputy permanent representative of the US Mission to NATO.

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Nova Poshta’s revenue increased to UAH 11.85 bln

In January-March 2025, Nova Poshta, the leader of express shipments in Ukraine, increased its net income by 21.3% compared to the same period in 2024, to UAH 11.85 billion.

As the company reported in the SMIDA information disclosure system, its net profit for the first quarter of 2025 decreased by 1.7 times to UAH 290.29 million.

Long-term bank loans increased by UAH 26.98 million to UAH 5.074 billion compared to the first quarter of 2024. As of March 31, the total amount of outstanding loans to banks amounted to UAH 6.635 billion.

The amount of liabilities on securities as of the reporting date was UAH 1.99 billion, including UAH 995.82 million on E series bonds issued on April 26, 2024, and UAH 998.45 million on F series bonds (also dated April 26, 2024).

In January-March, the company delivered 106.6 million parcels worth UAH 11.85 billion.

Ukraine reduced exports of wheat and corn in 2024/25 MY

Ukraine has exported 35.093 mln tonnes of grains and pulses since the beginning of 2024-2025 marketing year (MY, July-June) as of April 30, of which 2.269 mln tonnes were shipped since the beginning of the month, the press service of the Ministry of Agrarian Policy and Food reported, citing the State Customs Service.

According to the report, as of April 29 last year, the total shipments amounted to 40.711 million tons.

At the same time, since the beginning of the current season, Ukraine has exported 13.873 mln tonnes of wheat (15.55 mln tonnes in 2023/24 MY), 2.264 mln tonnes of barley (2.181 mln tonnes), 10.8 thsd tonnes of rye (1.2 thsd tonnes) and 18.437 mln tonnes of corn (22.502 mln tonnes).

The total export of Ukrainian flour since the beginning of the season as of April 30 is estimated at 58.4 thsd tonnes (86 thsd tonnes in 2023/24 MY), including 54.2 thsd tonnes of wheat (81.3 thsd tonnes).

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Express Insurance increased its premium income by 41.3% in first quarter

Express Insurance (Kyiv) collected insurance premiums totaling UAH 269.8 million in January-March 2025, which is 41.3% more than in the same period of 2024, according to the insurer’s website. The increase in insurance premiums was made possible by the growth in new customers and a steady increase in the number of contracts concluded compared to the previous year.

Thus, premiums under CASCO contracts for this period amounted to UAH 179.6 million, which is UAH 27.9 million, or 18.4%, more than in the same period of 2024, under MTPL – UAH 83 million (+51.4%), and under other types of insurance – UAH 7.2 million.

In January-March 2025, the company’s total insurance claims amounted to UAH 96.8 million.

Express Insurance was founded in 2008 and is part of the UkrAVTO group of companies. It specializes in motor insurance. The insurance company’s consistently high claims settlement rate is ensured by optimal interaction with partner service stations. Since April 2012, Express Insurance has been an associate member of the Motor Transport Insurance Bureau of Ukraine.

 

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McDonald’s Ukraine makes changes to its menu

FDI McDonald’s Ukraine Ltd., which develops the McDonald’s fast food chain in Ukraine, has announced that one of its most popular items, the Big Tasty, will be removed from the menu.

“Big Tasty is going away. Thank you for loving it as much as we did,” the brand said on its social media pages.

At the request of theInterfax-Ukraineagency, the company explained that this decision was due to menu changes. “McDonald’s Ukraine is adapting the menu to introduce new, even more interesting offers, which we will announce soon,” the press service said.

The period of complete withdrawal from the menu will depend on the number of orders, i.e., as soon as the kitchen runs out of ingredients, the Big Tasty sales will stop.

The first McDonald’s restaurant in Ukraine was opened on May 24, 1997 in Kyiv. Currently, 109 restaurants operate in 36 locations across the country, with 15 more closed due to security requirements.

According to Opendatabot, McDonald’s in Ukraine in 2024 increased its revenue by 30% to UAH 16.8 billion and net profit by 23.2% to UAH 1.6 billion.

The owner of FDI in McDonald’s Ukraine Ltd. is MCD Europe Limited (100%, London, UK).

At the same time, a number of experts warn of possible problems for the human body when eating fast food. More information about this can be found on the Experts Club channel

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