Business news from Ukraine

Business news from Ukraine

Ukraine increased exports of semi-finished steel products 6 times

In January this year, Ukraine increased exports of semi-finished carbon steel products in physical terms by 5.8 times compared to the same period last year, up to 222.2 thousand tons from 38.341 thousand tons.

According to statistics released by the State Customs Service (SCS) on Friday, exports of carbon steel semi-finished products increased 5 times in monetary terms to $105.491 million from $20.897 million.

The main exports were to Bulgaria (37.07% of supplies in monetary terms), Poland (11.91%) and Colombia (11.15%).

In January 2024, Ukraine did not import semi-finished products, as in January 2023.

As reported, in 2023, Ukraine reduced exports of carbon steel semi-finished products in physical terms by 36.7% compared to 2022, to 1 million 203.454 thousand tons, while exports in monetary terms decreased by 48.9% to $608.516 million. The main exports were made to Bulgaria (36.66% of supplies in monetary terms), Poland (23.01%), and Italy (9.60%).

In addition, in 2023, Ukraine imported 96 tons of semi-finished products from China (98.26%) and Turkey (1.74%) worth $172 thousand.

In 2022, Ukraine decreased exports of carbon steel semi-finished products by 72% year-on-year to 1 million 899.729 thousand tons in physical terms and by 70.9% in monetary terms to $1 billion 191.279 million. The main exports were made to Bulgaria (26.55% of supplies in monetary terms), Poland (13.97%) and Italy (12.13%).

In addition, Ukraine imported 5,558 thousand tons of similar products in 2022, which is 85.7% less than in 2021. In monetary terms, imports decreased by 86% to $3.634 million. Imports were carried out from the Russian Federation (96.92% of supplies before the war), China (1.84%), and Romania (1.21%).

,

Philip Morris increased shipment of products in Ukraine by 8.4% in 2023

Tobacco concern Philip Morris International has increased shipments of finished products in Ukraine by 8.4% in 2023 compared to 2022, the company said in a press release.

“For 2023, our finished product shipments in Ukraine increased by 8.4%. This figure includes both imported and locally produced products. The increase in shipments occurred as part of our strategy to regain market share, which we temporarily lost due to the war and the forced shutdown of our factory in Kharkiv region,” the company’s press service quoted Philip Morris’ CFO in Ukraine Sergey Kalnoochenko as saying.

According to the published financial report of the company, in the fourth quarter of 2023 PMI increased total shipments of cigarettes and tobacco products for electric heating in Ukraine by 14.9% compared to the same period of 2022.

In total, total finished goods shipments in the company’s European region, which includes Ukraine, increased 2.6% to 53.6 billion cigarettes in the fourth quarter of 2023 compared to the fourth quarter of the prior year, primarily driven by markets in Poland (up 10.6%), Italy (up 4.0%) and Ukraine (up 14.9%), partially offset by lower shipments in France (down 13.7%) and Germany (down 6.2%).

In total, Philip Morris International’s 2023 revenue increased 10.7% to $35.2 billion compared to 2022.

According to the report, the total number of adult IQOS users globally at the end of 2023 was estimated at approximately 28.6 million, an increase of 3.7 million from December 2022.

Philip Morris International (PMI) is a leading international tobacco company that has been operating in the Ukrainian market since 1994. Over 30 years of work, the company has invested more than $700 mln in the Ukrainian economy.

Philip Morris in Ukraine has suspended the operation of its factory in Kharkiv region since February 24, 2022. Since the beginning of the full-scale war in Ukraine, the company has secured a steady supply of its products to Ukraine through imports from 8 PMI factories and a temporary partnership with another international manufacturer in Ukraine.

Philip Morris plans to launch a new factory in Lviv region in the second quarter of 2024 with an investment of $30 mln.

In 2023, the company paid more than UAH 30 bln of taxes to budgets of different levels in Ukraine.

, ,

Ukraine and Japan signed 56 documents on cooperation

Prime Minister of Ukraine Denys Shmyhal says that Ukraine and Japan have signed 56 intergovernmental agreements, memorandums, and arrangements between businesses and local authorities at the Economic Development and Recovery Conference.

“56 documents were signed by representatives of Ukraine and Japan at the Economic Development and Recovery Conference in Tokyo! Among them are intergovernmental agreements, memoranda, and agreements between businesses and local authorities,” Shmyhal wrote on his Telegram channel.

In particular, an intergovernmental convention on the avoidance of double taxation was signed; more than a dozen agreements to support Ukraine’s recovery with powerful Japanese organizations (JICA, JETRO, the NEXI Export Credit Agency and the Japan Bank for International Cooperation); grant agreements for the implementation of recovery programs, as well as a number of documents between the Ministry of Agrarian Policy of Ukraine and Japanese companies providing Ukraine with various agricultural machinery and equipment; an intergovernmental memorandum on supporting Ukraine’s recovery with the

“Naftogaz agreed on a wind energy project; the Ukrainian gas transportation system operator signed a memorandum on preparations for the modernization of gas compressor stations. According to the Prime Minister, documents were also signed in the fields of energy, telecommunications, infrastructure construction, and ecology.

“Japan has already shown leadership in financial support for Ukraine. Now Japan should become one of the leaders of Ukraine’s recovery and investment in our economy,” Shmyhal summarized.

, , ,

Germany will provide military assistance to Ukraine worth EUR 7.1 bln – Scholz

Germany will provide military aid to Ukraine in the amount of EUR7.1 billion in 2024, including a EUR1.1 billion aid package, German Chancellor Olaf Scholz said at a press conference in Berlin on Friday.

“In total, Germany has allocated or committed EUR28 billion for military aid,” he added.

Today, Scholz noted, “we are preparing a new level – EUR 1.1 billion. This includes 36 armored howitzers and wheeled howitzers from industrial stocks, 120 thousand pieces of ammunition, as well as two Skynex systems and missiles for IRIS-T,” Scholz said.

According to him, the signed agreement on military cooperation establishes that Germany will continue to support an independent Ukraine that is defending itself against Russian aggression.

Germany, Scholz said, “will support Ukrainian partners in building modern, defensible armed forces in order to prevent any future Russian aggression.” According to him, “today’s agreement also covers assistance in the civilian sphere, such as demining, energy infrastructure in Ukraine and reconstruction.”

In turn, Scholz noted, Ukraine assumes responsibility for continuing reforms leading to the country’s accession to the EU. “I have to be clear: of course, we all want this war to end as soon as possible. But, unfortunately, we see that Russia is not ready for a lasting and just peace,” the Chancellor said.

He also appealed to the US Congress to “make the decisions that Ukraine needs now to provide financial and military support.”

According to the website of the German Ministry of Defense, on Friday the federal government prepared another package of military support for Ukraine worth EUR1.13 billion.

It includes 18 Panzerhaubitzen-2000 self-propelled howitzers (to be delivered in 2026-2027, including training, spare parts and ammunition, in addition to the 14 already planned), 18 RCH 155 wheeled howitzers (to be delivered in 2025-2027 in addition to the 18 planned), 120,000 rounds of 122 mm artillery ammunition (to be delivered in 2024), a second SkyNex air defense system (to be delivered in 2025), and 100 more IRIS-T SLS missiles (in addition to the previously planned).

“Our Security Agreement with Ukraine is historic. For the first time in its history, the Federal Republic acts as a guarantor state. Today’s signing is a clear sign that Germany is fulfilling its increased security commitments in Europe. Our “Munich package” worth more than EUR 1 billion confirms our ongoing military support for Ukraine and shows that we are fulfilling our promise to stand by our Ukrainian partners in their fight against Russian aggression,” said German Defense Minister Boris Pistorius.

,

Ukrainians donated almost half as much in 2023 as at beginning of great war

How much money the 3 largest foundations raised last year

People donated UAH 18.75 billion to the three largest foundations last year. This amount is almost half as much as in 2022. The number of donors increased in the second half of the year. It was the end of the year when several platforms reached record amounts of money. This is evidenced by data from United 24, Come Back Alive, and the Shelter Fund.

For comparison, in 2022, the total amount of donations reached a record 34.38 billion UAH. Of this amount, 2/3 was raised in the first six months – UAH 24 billion, and the remaining UAH 10.5 billion was donated in the second half of the year.

Where did people donate the most money?

United 24 became the leader among charitable organizations in 2023. The foundation managed to raise almost 2/3 of the total amount – UAH 12.07 billion. The peak of donations was in December last year – UAH 3.55 billion or 29%. This is a record amount for a month since the foundation’s inception.

United 24 works in 5 areas:

● the needs of the Armed Forces – UAH 10.81 billion (90%);
Healthcare – UAH 0.76 billion (6%)
Restoration of destroyed property and infrastructure – UAH 0.25 billion (2%);
Humanitarian demining – UAH 0.13 billion (1%);
● Education and science needs – UAH 0.12 billion (1%).

December was also a significant month for Come Back Alive, as it was then that the foundation raised 20% of all its accumulations for the year – UAH 0.9 billion. In contrast, the foundation’s share of all donations raised together with its colleagues is 24%, or UAH 4.53 billion.

Only 11% of the total accumulated amount is accounted for by the Shelter Fund. The organization raised UAH 2.14 billion last year, of which the largest amount was received in October – UAH 0.31 billion.
https://opendatabot.ua/analytics/donation-2023

, , , ,

Ukraine increased pig iron exports by 5%, mainly to US

In January this year, Ukraine increased exports of processed pig iron in physical terms by 5.3% year-on-year to 142,176 thousand tons from 135,073 thousand tons.

According to statistics released by the State Customs Service (SCS) on Friday, pig iron exports in monetary terms increased by 3.1% to $50.004 million from $48.513 million during the period under review.

At the same time, exports were carried out mainly to the United States (92.26% of supplies in monetary terms), Poland (3.88%) and France (2.52%).

In the first month of the year, Ukraine did not import pig iron, as it did in January 2023.

As reported, in 2023, Ukraine reduced pig iron exports in physical terms by 5.8% compared to 2022 – to 1 million 248.512 thousand tons, while exports in monetary terms decreased by 26.2% to $471.467 million. Deliveries were made mainly to Poland (51.91% of supplies in monetary terms), Spain (21.41%) and the United States (13.15%).

In 2023, Ukraine imported 154 tons of pig iron worth $156 thousand from Germany (42.31%), Brazil (41.67%) and Poland (16.03%), compared to 40 tons of pig iron worth $23 thousand in 2022.

In 2022, Ukraine reduced exports of processed pig iron by 59% in physical terms compared to the previous year to 1 million 325.275 thousand tons, and by 61.1% in monetary terms to $638.774 million.

In 2022, Ukraine imported 40 tons of pig iron worth $23 thousand, while in 2021 it imported 185 tons of pig iron worth $226 thousand. Exports were mainly to the United States (38.47% of supplies in monetary terms), Poland (32.91%) and Turkey (8.12%), while imports were made from Germany (100%).

, ,