Business news from Ukraine

Business news from Ukraine

About 5 thousand Indian citizens have entered Ukraine since beginning of 2024

The head of the State Border Guard Service of Ukraine, Lieutenant General Serhiy Deyneko, met with the newly appointed Ambassador of the Republic of India to Ukraine, Ravi Shankar, to discuss the issue of border crossings by Indian citizens.
According to the press service of the State Border Guard Service, Deineko thanked India for supporting Ukraine’s sovereignty and territorial integrity. He also emphasized the importance of further developing friendly relations and professional cooperation.
“We discussed the issue of border crossing by Indian citizens – since the beginning of 2024, about 5 thousand Indian citizens have entered Ukraine. The parties agreed to clarify the details of further effective cooperation,” the Telegram channel said.
In turn, the ambassador expressed gratitude for the attention and time devoted to the meeting.

External financing of the state budget as of 01.06.2024, billion USD

External financing of the state budget as of 01.06.2024, billion USD

Open4Business.com.ua

THW donates three powerful generators to Zaporizhzhia region

Germany’s Federal Agency for Technical Cooperation (THW) has handed over three powerful generators to Zaporizhzhia Oblast to ensure stable operation of critical infrastructure, said Ivan Fedorov, head of the regional military administration.
“The generators will be installed at three facilities, which will ensure reliable heat supply for more than 38,000 residents. Thanks to these generators, our people will be able to receive heat regardless of damage or interruptions in the central power supply, as each generator has a capacity of 900 kW,” he wrote in a telegram on Wednesday.
“I am grateful to our reliable partners, the German Federal Agency for Technical Assistance (THW), for providing the power plants. Together we will be able to meet any challenges,” Fedorov concluded.

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“Zaporozhkoks” increased production by 2% in January-September

Zaporozhkoks, one of Ukraine’s largest coke and chemical producers and part of Metinvest Group, increased its blast furnace coke output by 2% year-on-year to 655.3 thousand tons from 542.5 thousand tons in January-September this year.
According to the company, 71.3 thousand tons of coke were produced in September.
As reported, Zaporozhkoks increased its blast furnace coke output by 16% in 2023 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.

Kovlar Group’s share in fire protection market of Ukraine in 2024 is 60%

Thanks to the best price-quality ratio, professional service and high customer confidence, Kovlar Group’s share in the Ukrainian fire protection market in 2024 amounted to 60%, and for some products it reaches 90%. The company announced this in a press release.
According to the company’s co-founder Kostiantyn Kalafat: “In 2016, the then newly established Kovlar Group offered the Ukrainian construction market an affordable fireproof plaster Ammokote GP-240, which completely changed the rules of the game in the segment. Prior to that, the market for fire protection materials was largely divided between unscrupulous Russian manufacturers and importers of European products, who kept the prices for fire protection high. This not only increased construction budgets, but also harmed the development of the steel construction industry in Ukraine, as customers refused to use steel solutions in their projects due to the high cost of fire protection.”
According to him, after the launch of the innovative Ammokote GP-240 gypsum plaster, due to the excellent combination of high fire protection properties and low price, it became so successful that in a few years it occupied about 80% of the plaster fire protection market. This allowed the company to invest in its own production facilities with modern equipment and a large warehouse, as well as in a research laboratory that allows for fire testing and the development of new materials.
Today, the company’s portfolio includes more than 20 different types of fire protection materials. Over the past 6 years, Kovlar Group’s turnover has amounted to about UAH 200 million, of which the company has paid more than UAH 38 million to the Ukrainian budget, which is a record figure for the fire protection segment.
Kovlar Group is owned by three Ukrainian citizens: Konstantin Kalafat, Lyubov Vakhitova and Andrey Ozeychuk.

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Presidential Foundation of Ukraine awarded prizes to winners of international student competitions

On October 4, on the eve of Teacher’s Day, the Presidential Foundation for Support of Education, Science and Sports presented Presidential Awards to the winners of international student competitions and their mentors. This year’s award ceremony was held as part of an official event with the participation of Deputy Minister of Education Mykhailo Vynnytskyi, Deputy Head of the Office of the President of Ukraine Olena Kovalska, Advisor to the Presidential Commissioner for the Presidential Foundation Olha Budnyk, representatives of the Minor Academy of Sciences and others.
Ukrainian schoolchildren continue to demonstrate impressive dedication and motivation, winning 25 medals (13 silver and 12 bronze) in seven international student competitions this year: in mathematics, computer science, physics, chemistry, astronomy and astrophysics, biology and geography.
Despite all the difficulties caused by the war, the state supports talented children by creating conditions for their development and realization in Ukraine. During the ceremony, 25 young Ukrainians who achieved the highest results in the international educational arena received awards from the Presidential Foundation of Ukraine, as well as 23 mentor teachers who helped them prepare for the competition.
For the fourth time, the Presidential Foundation of Ukraine awards winners and prize-winners of international educational competitions not only to recognize their achievements at the state level, but also to create opportunities for their development in Ukraine. Each student who wins a prize receives a Presidential Award of UAH 100,000, which is a significant step in supporting the intellectual development of young people and strengthening the scientific potential of Ukraine.
Mentor teachers, who play a key role in the achievements of their students, were also recognized. They receive the President’s Award in the amount of UAH 50 thousand. Established in 2023 at the initiative of the President’s Foundation, this is the second time this prize has been awarded to teachers. Today, their role is extremely important, as teachers not only teach but also educate the next generation, shaping moral guidelines and spiritual values for the country’s future.
“Talented young people are the driving force behind Ukraine’s development. Today, we are witnessing a generation that, despite all the challenges, demonstrates incredible perseverance and perseverance. It is now more important than ever for the state to provide them with comprehensive support and create opportunities for the development and realization of their talent in Ukraine. The President’s Award is one of the tools that recognizes their achievements and emphasizes their value to the country. The contribution of teachers, who help gifted young people to realize their potential, is also worth noting. The joint efforts of teachers and young people are building the future of a strong, European Ukraine,” said Olga Budnyk.
The Presidential Foundation of Ukraine as an institution continues to support talented youth and their mentors. It is important for the state to create conditions for the development of future scientists, as human capital is a key force for Ukraine’s recovery and development. The Foundation is actively working on the development and implementation of new programs and initiatives to support talented Ukrainians, which helps to create favorable conditions for their further development.

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