Business news from Ukraine

Business news from Ukraine

7% discount on Rozetka only with Mastercard card from OTP BANK

A new promotion for the winter holidays for Mastercard cardholders from JSC OTP BANK. Buy gifts for your family and friends, goodies for the New Year’s table and many other goods in the Rozetka online store or mobile application with a 7% discount when paying with a Mastercard from OTP BANK.

In order to take advantage of the offer and purchase goods at a discount, you need to pay for your purchases on the website rozetka.com.ua or in the Rozetka application with any Mastercard from OTP Bank.

Buy goods from the Rozetka seller with a special mark and choose the payment method “-7% discount when paying with a Mastercard from OTP Bank”. The discount will be credited automatically upon payment.

The promotion is valid from December 6 to 22, 2024.

For more details, please follow the link: https://www.otpbank.com.ua/action/rozetka-per7/

 

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FlixBus launches three more new routes from Ukraine to Germany

FlixBus, the largest bus transportation operator in Europe, is launching three additional international routes from Ukraine to Germany ahead of the winter holidays.

According to the operator’s press service on Monday, the flights will be operated in the directions of Ivano-Frankivsk – Berlin, Chernihiv – Cologne, and Odesa – Bremen.

“FlixBus is launching new routes to Germany to help even more Ukrainians reunite with their families during the Christmas and winter holidays. It is estimated that up to 1.65 million Ukrainians live in Germany, for whom these routes create an opportunity to reach their loved ones in a convenient and comfortable way. For many, this is more than just a trip. FlixBus strives to make these meetings more accessible, especially at such an important time of the year,” the operator’s press service said.

The first flight on the route Odesa – Uman – Vinnytsia – Khmelnytskyi – Ternopil – Lviv – Berlin – Hamburg – Hamburg – Bremen is scheduled for December 10 from Odesa. Departures will take place on Tuesday, Wednesday and Saturday. In the opposite direction, the bus will run on Monday, Thursday and Saturday.

The flight Chernihiv – Kyiv – Zhytomyr – Rivne – Lviv – Berlin – Magdeburg – Hanover – Dortmund – Essen – Duisburg – Dusseldorf – Cologne Bonn Airport will be launched for the first time on December 16. Reportedly, it is another convenient option for traveling to Cologne, in particular to Cologne-Bonn Airport. The bus will depart on Monday, Wednesday, and Friday. In the opposite direction, the bus will depart on Wednesday, Friday and Sunday.

The route Ivano-Frankivsk – Lviv – Rzeszow – Kielce – Łódź – Poznan – Berlin will be operated twice a week: on Thursday and Sunday, and in the opposite direction – on Monday and Friday.

On November 1, FlixBus also launched a new route from Kyiv to Munich. The line allows passengers to easily transfer to flights to Italy, France, Croatia, and other European countries.

The company provides direct connections between 29 cities in Germany and 11 cities in Ukraine. FlixBus already has 28 direct bus routes between Ukraine and 8 EU countries. Nine flights connect Ukraine with European airports.

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Ukrainian Danube Shipping Company sells six bulk carriers for UAH 441 mln

Ukrainian Danube Shipping Company has put up for sale six bulk carriers, the company’s CEO Dmytro Moskalenko has announced.
Applications from those wishing to participate in the auction were launched on the zakupivli.pro website on December 5 and will last until December 12. All six vessels are being auctioned as a single lot. Its price is UAH 440.68 million (excluding VAT).
“UDP is starting to sell the maritime fleet. It is a painful but the only right decision. UDP’s key segment is river freight transportation. We have to get rid of unprofitable non-core assets and direct resources to modernize the river fleet. It is in the river freight segment that the shipping company has development prospects,” Moskalenko wrote on Facebook on Friday.
According to him, shipowners are likely to be interested in the repaired Vilkovo and Izmail, with documents ready for operation.
“However, it is important that the Tatarbunary, Viana do Castelo, Kiliya and Reni, which have been in storage for many years, also find a buyer,” said the USP CEO.
According to Moskalenko, last year the UDP began to restore the maritime fleet.
“During the blockade of Odesa ports, the government set a task to ensure the export of agricultural products from the Danube ports. At last year’s freight rates, the restoration of the fleet was a profitable investment with a short payback period. However, after the blockade of Odesa ports was lifted, freight rates dropped several times. The Danube ports became empty. And the further trend is disappointing,” he said.
According to the UDP CEO, a number of private companies operate at low rates as well, as they “optimize taxes, operate hundreds of fleet units of different tonnages, work in different segments, in different markets with guaranteed return loading of vessels.”
“We are a state-owned company that pays all taxes in good faith. In such unequal conditions, with a working fleet of two small ships (the other four are out of commission), it is almost impossible to compete,” Moskalenko emphasized.
He noted that the USP was working on all possible options: they considered proposals to transfer the vessels to a time charter. However, the income from the charter will not cover the future costs of maintenance and repair of the vessels. The project could have become deliberately unprofitable for the state.
“Keeping the vessels idle forever is also not an option. Fleet maintenance is a significant monthly expense. Our vessels are more than 30 years old, so in some time we will have to spend money again to extend the validity of the documents,” Moskalenko summed up, noting that the decision to sell the fleet was supported by the shareholder, the Ministry of Community Development, Territories and Infrastructure of Ukraine.

Ukraine has increased pig iron output by 20% in 11 months

Ukrainian metallurgical enterprises in January-November of this year increased pig iron production – by 19.8%, up to 6.524 million tons.

In November, 542.9 thousand tons of pig iron was produced, while in the previous month – 624.9 thousand tons of pig iron. As reported, Ukraine in 2023 reduced pig iron smelting by 6.1% to 6.003 million tons.

Ukraine in 2022 reduced pig iron production by 69.8% – to 6.391 million tons. For 2021, 21.165 million tons of pig iron was produced (103.6% to 2020).

Turkey became largest importer of Ukrainian corn in November 2024

In November 2024, Turkey overtook Spain, the unchallenged leader, in imports of Ukrainian corn, Dmytro Solomchuk, MP, member of the Committee on Agrarian and Land Policy, said on Facebook.
“In terms of physical weight, the figures are significant – 2.5 million tons of exports in November, of which 620 thousand tons were bought by Turkey,” he wrote.
The MP noted that in November, a total of $2.3 billion worth of agricultural products were exported, of which only $512 million was corn.
As reported, on October 10, 2024, Turkey introduced quotas on imports of 1 million tons of corn and reduced the duty to 5% by the end of December 2024.

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Ukraine increased steel production by 23.1% in 11 months

According to Ukrmetallurgprom, Ukrainian steelmakers increased steel production by 23.1% to 7.028 million tons in January-November this year.

In November, 540.8 thousand tons of steel were produced, compared to 603.8 thousand tons in the previous month.

As reported, Ukraine reduced steel production by 0.6% to 6.228 million tons in 2023. In 2022, Ukraine reduced steel production by 70.7% to 6.263 million tons. In 2021, the country produced 21.366 million tons of steel (103.6%).