Business news from Ukraine

Business news from Ukraine

“Ukrzaliznytsia” reached average daily load of 99.5 thousand tons of grain

Over 10 days in January, Ukrzaliznytsia JSC (UZ) reached an average daily load of 99.5 thousand tons, which is 37.3% more than in December, said Valery Tkachev, deputy director of UZ’s Commercial Department, at a meeting with agricultural market participants on Thursday.

“I hope that these figures will be maintained, and this will allow us to transport more than 3 million tons of grain per month,” Tkachev said.

He specified that on January 1, UZ loaded 24 thousand tons of grain, on January 2 – 63 thousand tons, but starting from January 3, this figure reached 105-123 thousand tons per day.

According to him, the share of grain cargo in the total network load is growing and has already reached 26%.

According to Mr. Tkachev, over 10 days of January, UZ transported 991.3 thousand tons of grain cargo in export traffic, including 196.9 thousand tons towards the western borders and 794.4 thousand tons towards the ports of Greater Odesa.

He noted that Chornomorsk became the leader among the ports with 257.2 thousand tons, followed by Odesa with 249.1 thousand tons and TIS in Pivdennyi with 93.4 thousand tons.

At the same time, according to Tkachev, on the western border, Yagodyn received the most grain cargo – 41.8 thousand tons of grain, followed by Vadul Siret with 36.2 thousand tons and Chop with 33.1 thousand tons.

Mr. Tkachev noted that Poland averages 85.6 railcars per day, including 51 railcars through the Yagodyn-Dorogusk crossing, 23.7 railcars through Mostyska-Medyka, and 11 railcars through Izov-Khrubeshuv.

“Over the past week, the average daily rate of railcar transfer at the Polish border increased by 10 cars per day, which is an increase of more than 13%,” Tkachev added.

According to him, Romania receives about 100 railcars with grain daily, and over the past week this figure has deteriorated by 14 w/d, or 12.3%. The Vadul-Siret crossing is followed by 66.2 v/d, Dyakove – 2.5 v/d and Reni – 31 v/d.

He clarified that Hungary averages 45.5 cars per day, and over the past week the figure has improved by 4.5 v/d, or 11%, while Slovakia – 59.3 v/d with an increase of 5.6 v/d, or 10.5% over the past week.

Tkachev emphasized that if we take oilcake and grain, the average daily transfer across all crossings is 385 v/d. Over the past week, this figure has increased by 15 vdpd, or 4%.

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Estimated number of population in regions of Ukraine based on number of active mobile sim cards (mln)

Estimated number of population in regions of Ukraine based on number of active mobile sim cards (mln)

Source: Open4Business.com.ua and experts.news

Deposit Guarantee Fund has sold building of restaurant “Shchekavitsa” on Kyiv Podol at eighteenth attempt

The Fund for Guaranteeing Deposits of Individuals “FGVFL” has sold the building of the cult restaurant “Shchekavitsa” on Kyiv Podol at the 18th attempt.

As follows from the notice of the FGVFL, by now the buyer, the winner of the last auction on December 27, 2023, LLC “Ukrskladservis”, has transferred the entire amount – more than 16 million UAH. The relevant purchase and sale agreement has been concluded, the funds received will be used to satisfy the claims of creditors of JSC “Bank Sich”, liquidated by the Deposit Guarantee Fund.

The FGVFL recalled that the previous auction also ended successfully, but then the winner did not pay for the lot. The results of the sale were canceled, and the auction was recognized as invalid. As a result, the guarantee fee was recovered from the participant of the auction, and the assets were re-exhibited for a new round of bidding.

The sale price at the end of the last auction exceeded the previous winning bid by almost UAH 500 thousand.

For the first time the asset was put up for sale on March 1, 2023. The lot included the building of the restaurant “Schekavica” (Kostyantynivska 46-5) with an area of 884 square meters with ten halls, accounts receivable, fixed assets, trademark (marks for goods and services) Schekavica.

Two bidders took part in the auction on December 27, which was held according to the English model. The starting price of the lot was UAH 15.2 million, the winning bid was UAH 16 million 11 thousand 101.

The winner is Ukrskladservis LLC (USREOU code33565891), established in 2005, with Oleksiy Zaitsev as the ultimate beneficiary.

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IC “VUSO” will insure vehicles of Main Department of National Police of Lviv region

The Main Department of the National Police of Ukraine in Lviv region on January 11 announced its intention to conclude a contract with IC “VUSO” (Kiev) for the purchase of services of compulsory civil liability insurance of owners of land vehicles (OSAGO).

According to the message in the system of electronic public procurement “Prozorro”, the offer of IC “VUSO” was UAH 178,245 thousand at the expected cost of UAH 509,864 thousand.

Insurance companies “Salamandra” UAH 227,5 thousand and “UTSC” UAH 432,4 thousand also took part in the tender.

IC “VUSO” was founded in 2001. The company holds 50 licenses: 34 for voluntary and 16 for compulsory types of insurance. It is represented in all regions of Ukraine. It is a member of ITSBU and UFS, a participant of Direct Loss Settlement Agreement and a member of Nuclear Insurance Pool.

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Northern Mining and Processing Plant modernized pumping equipment for UAH 3.2 mln

Northern Iron Ore Enrichment Plant (Northern Iron Ore Enrichment Plant, Kryvyi Rih, Dnipro region), part of Metinvest Group, has upgraded its pumping equipment for UAH 3.2 million to ensure the quality of iron ore concentrate.

According to the plant’s information on Thursday, a vacuum pump was replaced at the dewatering section of the ore dressing plant (ODP) No. 2 at Northern GOK. The new equipment will ensure the required moisture content in the iron ore concentrate.

It is specified that VNN2-300 vacuum pumps are used in the concentrate production process at ROF-2. They are used to create a vacuum in the overall system during concentrate dehydration. In total, the plant has 18 units of such equipment, of which 17 are constantly involved in the technological process and one is a backup. Due to the wear and tear of one of the vacuum pumps, the plant dismantled it and installed new similar equipment.

Andrian Myshko, head of the ore dressing section of ROF-2, explained that the operation of a certain amount of pumping equipment affects the quality of products, namely the percentage of moisture in the dehydrated product. A decrease in the vacuum in the collector due to the absence or malfunction of equipment leads to an increase in the percentage of moisture in the concentrate, which, in turn, requires an increase in bentonite consumption in the production of pellets in the pelletizing shop No. 2.

“The vacuum pump that we replaced has effectively served its useful life, even with a surplus. It was replaced by a new one of the same modification. With it, we will ensure the nominal performance and the required vacuum level in the system, which will reduce the total number of vacuum pumps operating in the process and reduce electricity consumption,” the site manager said, as quoted by the press service.

In 2024, two more units of pumping equipment are planned to be replaced at Northern GOK’s ore dressing plant No. 2.

“Metinvest is a vertically integrated group of steel and mining companies. The Group’s enterprises are located mainly in Donetsk, Luhansk, Zaporizhzhia and Dnipropetrovs’k regions.

Metinvest’s major shareholders are SCM Group (71.25%) and Smart Holding (23.75%), which jointly manage the company.

Metinvest Holding LLC is the management company of Metinvest Group.

DIM provides additional discounts under “eRestoration” program

DIM Group of Companies provides additional individual discounts for Ukrainians to purchase housing using housing certificates issued under the program of compensation for housing destroyed due to the war, the company’s press service told Interfax-Ukraine.

It is also noted that if the amount of the certificate does not fully cover the cost of the apartment, Ukrainian families can take advantage of installment programs for up to five years from the developer.

“We are already working with the first applications from certificate holders who have chosen an apartment in our residential complexes and applied for a reservation of funds. In the near future, we are waiting for the approval of applications and the receipt of funds,” said Daria Bedia, DIM’s Marketing Director.

The certificate holders can use their certificates to purchase housing in the already built residential complexes Novyi Avtograf, Metropolis and Lucky Land, located in Kyiv and the Park Lake City countryside complex in Pidhirtsi village, Kyiv region, or in houses that are at the final stage of construction.

It is reported that the DIM Group will work with all financial institutions that will lend under government programs, including state-owned banks, Oschadbank, Sense, PrivatBank, and commercial banks.

DIM Group was founded in 2014 and consists of six companies covering all stages of construction. As of today, it has commissioned 12 buildings in six residential complexes with a total residential area of over 218 thousand square meters. Six comfort+ and business class residential complexes are under construction: “New Autograph, Metropolis, Park Lake City, and Lucky Land.

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