In January-November of this year, Ukraine’s steelmaking companies reduced their earnings from ferrous metal exports by 44.2% year-on-year to $2 billion 433.191 million.
According to statistics released by the State Customs Service (SCS) on Friday, ferrous metals accounted for 7.38% of total export revenues during this period, while the share was 10.7% in the first eleven months of 2022.
In November, revenues from exports of ferrous metals amounted to $174.380 million, while in the previous month they amounted to $175.8671 million.
At the same time, Ukraine increased imports of similar products by 38.7% to $1 billion 199.391 million over 11 months of this year. In November, the country imported products worth $96.342 million.
In addition, in January-November, Ukraine reduced exports of metal products by 16.4% year-on-year to $821.833 million. In November, exports were worth $57.282 million.
At the same time, imports of steel products increased by 40% to $828.388 million over the same period. In November, Ukraine received $105.347 million worth of these products.
As reported earlier, in 2022, Ukraine’s steelmaking companies reduced revenues from ferrous metal exports by 67.5% compared to 2021, to $4 billion 533.088 million. During this period, ferrous metals accounted for 10.26% of total revenues from exports of goods, compared to 20.49% in 2021. At the same time, last year Ukraine reduced imports of similar products by 38.3% to $954.387 million.
In addition, in 2022, Ukraine reduced exports of metal products by 18.6% to $1 billion 52.512 million. Imports of metal products fell by 42.9% to $643.162 million over the year.
State enterprise NAEK Energoatom on December 6 announced a tender for compulsory insurance of civil liability of business entities for damage that may be caused by fires and accidents at high-risk facilities, including fire-hazardous facilities and facilities whose economic activities may lead to accidents of environmental and sanitary-epidemiological nature.
As reported in the e-procurement system Prozorro, the expected cost of services is UAH 10,404 thousand.
Applications for participation in the tender are accepted until December 14.
In which industries are the most businesses closing?
6,482 companies started the process of closing down between March 2022 and November 2023. This year, on average, 479 businesses are shutting down per month. This is almost three times less than in the same period in 2021: 1290 companies closed per month then.
Only 17% of them entered bankruptcy proceedings, while the rest decided to cease operations on their own. For comparison, in 2021, the share of companies that went bankrupt was 5.1%.
The highest number of businesses closing is in Kyiv: 893 cases. Lviv region is the second worst, with 526 companies closing, and Dnipropetrovs’k region is the third worst, with 479 businesses closing.
Non-governmental organizations are the most frequently closed – 1068 companies. Wholesale trade enterprises are in second place with 826 companies, and agricultural companies are at the bottom of the list with 492 cases.
The most high-profile bankruptcy of the year was the closure of the Ukrainian airline UIA, which is associated with Ihor Kolomoisky. However, this is not the largest business that has ceased operations since the start of the full-scale crisis. The top 3 companies in the process of closure in terms of turnover are Ilyich Iron and Steel Works of Mariupol, Azovstal, and one of the WOG companies.
https://opendatabot.ua/analytics/bankrupts-and-closed-companies-2023
AZOVSTAL, businesses closing, process of closing, Ukrainian airline UIA, WOG
On December 13, Kyiv will host the largest festival of business innovations GET Business Festival. Executives from OLX, YASNO, Uklon, Kormotech, Metinvest and more than 100 other companies will share their proven wartime business development strategies.
The main theme of the festival is winning strategies. Experts will share their experience on three stages simultaneously:
– Business Development and Investments,
– Marketing, PR, Digital,
– business services, creativity, and charity.
Thus, everyone will be able to improve their skills in the most relevant areas and get the most out of their participation!
The festival will bring together the experience of leading business practitioners whose strategies have proven effective in times of crisis.
Among them:
Dmytro Shymkiv, entrepreneur, investor, member of supervisory boards,
Olena Plakhova, Director of Reputation Management at Nova Poshta Group,
Olena Zubchenko, acting chairman of the board of Sense Bank,
Oleksandr Sokolovsky, founder of Textile-Contact Group of Companies,
Uliana Fitsa, Chief Supply Chain Officer of Kormotech,
Oksana Rozputna, Head of Strategy Analysis at Ukrainian IT company Uklon,
Gennady Grinenko, Head Of Sales at Alterra Group,
Nikoloz Macharashvili, Founder and CEO of VIRNO Consulting,
Tatiana Sherman, Head of Marketing and Communications at DTEK Academy,
Vadym Martsenko, founder and leading trainer of Martsenko Sales consulting company,
Kateryna Zhurakivska, Marketing Director at Gulliver BFC,
Oksana Skorobrekha, Head of Business Customer Relations at OLX,
Sergiy Radchenko, Marketing Director at YASNO,
Igor Volovoy, CEO & CO-FOUNDER of ELIT-WEB,
and 50+ other business leaders.
In addition to the opportunity for professional and business growth, GET Business Fest is valuable for its networking. The festival will bring together a dynamic entrepreneurial community to share experiences, contacts, and ideas.
For security reasons, the details of the venue will be announced to GET Business Festival participants on the eve of the event.
Details and registration: https://get.delo.ua/
Join GET Business Festival and accelerate your professional and business growth in 2024!
The general partner is OLX.
Official partners – InterChem, YASNO, VBET.
Financial partner – Sense Bank.
Interfax-Ukraine is a media partner.
The latest list of U.S. weapons that Ukraine needs to fight the Russian army includes modern air defense systems, F-18 fighters, drones, Apache and Blackhawk helicopters, Reuters reports, citing documents seen by the agency.
Ukrainian Defense Ministry officials presented a “list of weapons to meet the needs of Ukraine’s defense forces” during a closed-door session of a conference in Washington on Wednesday attended by government officials and defense industry executives.
The full list includes weapons that Ukraine already has in stock, such as Abrams tanks and 155mm artillery, as well as some weapons, such as F-16s, drones, and long-range ATACMS missiles, that it has requested in the past.
“But there are a few surprises on the list, including expensive items such as Boeing’s (BA.N) C-17 Globemaster transport aircraft and Lockheed Martin’s (LMT.N) C-130 Super Hercules. The list includes Apache attack helicopters, as well as the Black Hawk helicopter manufactured by Lockheed Martin’s Sikorsky division,” the report said.
According to Reuters, the documents show that Ukraine is also requesting F-18 Hornet fighter jets, three types of General Atomics drones, including the MQ-9B Sky Guardian, and the Terminal High Altitude Area Defense (THAAD) system made by Lockheed.
Oil prices rose on Friday, but ended the week in the red on fears of lower demand.
The cost of February futures for Brent on the London ICE Futures exchange as of 7:20 a.m. is $75.19 per barrel, which is $1.14 (1.54%) higher than at the close of the previous session. On Thursday, the price of these contracts fell by $0.25 (0.3%) to $74.05 per barrel.
January futures for WTI in electronic trading on the New York Mercantile Exchange (NYMEX) rose by $0.99 (1.43%) to $70.33 per barrel by this time. As a result of the previous trading, the value of these contracts decreased by $0.04 (less than 0.1%) to $69.34 per barrel.
Both Brent and WTI fell on Thursday for the sixth consecutive session, the longest period of continuous decline since February, Market Watch notes. Prices are at their lowest levels since June.
Futures end in the red for the seventh week in a row, having lost about 5% since the beginning of the week.
“The demand outlook looks weak,” said Ravinda Rao, an analyst at Kotak Securities in Mumbai. – “Economic growth in China has not yet been able to gain traction, while in the West we see a continued decline in industrial activity.
At the same time, traders doubt that the voluntary commitments to reduce production in the first quarter of 2024, undertaken by individual countries of the group, will be fully observed.
