In January-August this year, Zaporizhstal Iron and Steel Works increased its rolled steel output by 32.6% year-on-year to 1 million 644.4 thousand tons from 1 million 240.4 thousand tons.
According to the company, steel production during this period increased by 31.6% to 1 million 973.7 thousand tons, and pig iron production by 23% to 2.049 million tons.
In August, Zaporizhstal produced 259.5 thousand tons of iron, 236.8 thousand tons of steel, and shipped 214.2 thousand tons of rolled products, while in July it smelted 261.9 thousand tons of iron, 250.8 thousand tons of steel, and shipped 202 thousand tons of rolled products.
It is recalled that in 2023, the plant operated at an average of 70% of its capacity.
As reported, in 2023, Zaporizhstal increased its rolled products output by 57.2% compared to 2022, up to 2 million 54.7 thousand tons, steel by 65.4%, up to 2 million 466.9 thousand tons, and pig iron by 35.3%, up to 2 million 718.9 thousand tons.
“Zaporizhstal is one of the largest industrial enterprises in Ukraine, whose products are in great demand among consumers both in the domestic market and in many countries of the world.
“Zaporizhstal is in the process of integration into Metinvest Group, whose major shareholders are System Capital Management (71.24%) and Smart Holding Group (23.76%).
Metinvest Holding LLC is the management company of Metinvest Group.
Aurora, Ukraine’s largest one dollar store chain, opened eight new stores across Ukraine on the eve of the fall, said Ruslan Kudrya, the chain’s development director.
“Today we have surpassed ourselves. At the end of the week, month and summer, we opened eight new stores across Ukraine in one day – the previous record was six,” he wrote on Facebook on August 31.
As specified in the message, three stores were opened in Kyiv, one in Chernihiv, Dnipro, Kryvyi Rih, Morshyn and Dykanka village (Poltava region).
As reported, Aurora intends to open 400 new stores by the end of this year and reach 2,000 outlets in Ukraine by the end of next year.
“Aurora was founded in 2011 by Lev Zhidenko, Taras Panasenko and Lesya Klymenko. The head office of the Aurora retail chain is located in Poltava. Today, the chain has more than 1400 stores in Ukraine and 25 in Romania.
According to Opendatabot, the owner of Vygidna Kupilka LLC, which develops the chain, is listed as Cyprus-based Aurority Investments Limited, with Zhydenko as its beneficiary. The Cypriot company also owns Prior Development LLC, Seven A LLC, Promyslova 9 LLC, and Tak LLC.
At the end of 2023, the network’s net profit amounted to UAH 4.1 billion, and net income – UAH 27 billion.
The head of NPC Ukrenergo, Volodymyr Kudrytskyi, has been dismissed from his post, MP Yaroslav Zheleznyak (Voice faction) has said.
According to his message on Telegram on Monday evening, the decision was made by the Supervisory Board of Ukrenergo by a majority vote of 4:2 after the demand for dismissal was voiced at the Commander-in-Chief’s meeting on August 30.
At the same time, the MP noted that there will be a reaction from international partners and the consequences of this decision.
“I think the payoff will also be quick and quite painful,” Zheleznyak said.
As reported, on September 1, EU Ambassador to Ukraine Katarina Mathernova, regional heads of the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) in a letter to Prime Minister of Ukraine Denys Shmyhal stated the need to stop making any management decisions regarding NPC Ukrenergo until the final formation of the company’s supervisory board, which includes six members instead of seven.
The authors of the letter emphasized that the immediate dismissal is not an option: “Such an event could jeopardize our collective ability to support Ukrenergo and other priorities for Ukraine’s vital energy security.”
Since the beginning of the full-scale war, the total amount of international assistance (loans and grants) attracted by Ukrenergo amounted to EUR 1.5 billion.
On April 23, 2024, the Ministry of Economy of Ukraine announced a competitive selection for the position of an independent member of the Supervisory Board of Ukrenergo, but it still operates with one vacant position, although, according to Ukrenergo’s charter, it should consist of seven members, including four independent members.
Currently, Ukrenergo’s Supervisory Board consists of Peder Andreasen, Daniel Dobbeny, Roman Pionkovsky – independent members, Yuriy Tokarsky, Oleksandr Baraniuk, Yuriy Boyko – state representatives. The decision to resign the chairman of the board is made by a majority vote. The market noted that, despite the major shareholder’s desire to force Kudrytskyi’s resignation, he managed to avoid it several times thanks to the support of Ukraine’s international partners, as well as half of the supervisory board (according to the market, the head of the supervisory board, Daniel Dobbeny, as well as Peter Andersen and Yuriy Boyko).
“Ukrenergo is a private joint-stock company with 100% of its shares managed by the Ministry of Energy.
Earlier, a number of media outlets cited sources as saying that at a meeting of the Supreme Commander-in-Chief’s Staff on August 30, President Volodymyr Zelenskyy demanded that Ukrenergo CEO Volodymyr Kudrytskyi write a letter of resignation in the near future, but he refused.
Turkey has officially applied to join BRICS, Bloomberg reports citing its sources.
The publication writes that such a decision is due to the fact that the country wants to strengthen its global influence, as well as to establish new ties outside the traditional Western allies.
BRICS is an abbreviation for Brazil, Russia, India, China, South Africa. This association is also called an analog of the G7 or G20 – a club for the interests of countries that are not satisfied with the “dominance” of the West. Earlier this year, Brazil, Russia, India, China and South Africa were joined by four new members – Iran, United Arab Emirates, Ethiopia and Egypt. Saudi Arabia was invited to join, but has not yet done so.
Malaysia, Thailand and Azerbaijan have applied to join BRICS. The next BRICS summit to discuss its expansion will be held in Russia in late October 2024.
On August 30, 2024 PJSC Insurance Company “Columnaid Ukraine” has received from the new shareholder SCP Luxembourg S.A.R.L. the message about acquisition on August 27, 2024 of a significant block of shares exceeding the threshold value of 95% of voting shares of the company.
According to the message of the insurer in the information disclosure system of the NCSSM, SCP Luxembourg owns 100% of the authorized capital of IC “Columnaid Ukraine”.
The message indicates that the date of alienation of shares of IC “Colonnade Ukraine” by previous shareholders of the company – Colonnade Finance S.A R.L., Fairfax Financial (US) LLC and Fairfax Holdings Inc. – is August 27, 2024.
As reported, the National Bank of Ukraine on December 28, 2023 agreed SCP Luxembourg SARL direct ownership of 99.9833% of PJSC IC Colonnade Ukraine.
PJSC IC Colonnade Ukraine (until 2016 – PJSC IC QBE Ukraine) was founded in 1998 as the first international insurer in the Ukrainian market. In November 2015 the company Colonnade Finance SARL (Luxembourg) has concentrated 99,9833% of the authorized capital of the insurer.
Earlier Fairfax Financial Holdings Limited has concluded an agreement with QBE Management (Ireland) Limited and its Ukrainian partner on indirect acquisition of 100% of the Ukrainian IC through the companies Colonnade Finance SARL (Luxembourg), Fairfax Holdings Inc. (Connecticut, USA), Fairfax Financial (US) LLS (Delaware, USA).
FUIB, the largest Ukrainian bank with private capital, , has joined the state program “National Cashback”. The bank was one of the first to support the project under the patronage of the Ministry of Economy and became a partner of the program. In addition, FUIB strengthened the initiative by drawing 700 prizes of UAH 1000 and 3 charging stations among its customers participating in the program. The main winner will receive UAH 1,000,000 from the bank!
The National Cashback program is based on the idea of supporting citizens and Ukrainian business. The program will be implemented through the purchase of Ukrainian goods, with the client receiving 10% cashback from the state to a special card “Cashback ‘Made in Ukraine’ opened in the program’s partner banks. These funds can be spent on a list of services defined by the program.
“We were among the first to join this important government program. Cashback from FUIB has been one of our competitive advantages before, and by participating in the National Cashback program, our cashback ecosystem will become one of the most profitable in the banking market. Also, thanks to the convenience of our application – FUIB Online, registration in the program takes just a few clicks. Everything is intuitive. We will be glad to see as many new customers as possible who will join the program through FUIB Online and will be convinced of the profitability and financial advantages of our bank,” emphasizes Dmytro Polishchuk, FUIB’s Deputy Chairman of the Board for Retail Banking.
Cashback accrual for consumers starts on September 2. The first stage of the program will take place from September to December 2024. The minimum monthly cashback under the program will be UAH 2, the maximum – UAH 3,000. Funds will be credited to the card for the current month’s expenses until the 20th of the following month.
What goods can be purchased to participate in the National Cashback program?
Consumer goods made in Ukraine that are included in the list of goods participating in the program by the manufacturers participating in the program, with the exception of excisable goods. Also, Ukrainian wine without alcohol, honey drinks, medicines of Ukrainian origin and other categories listed in the appendix of the CMU Resolution.
What can I spend the cashback I receive from the state?
The cashback can be spent on education, medical treatment, sports facilities, movies, entertainment, catering, legal assistance, etc. In addition, you can pay utility bills, buy tickets, top up your mobile account, or pay for other services listed in the annex to the resolution. Payment for these services must be made exclusively in non-cash form.
What benefits will you get by joining the program through the PUMB Onlineapplication ?
In addition to 10% cashback from the state, customers who register in the program and fulfill the conditions of the promotion* will have the opportunity to win a mega prize of UAH 1,000,000. There will also be 700 prizes of UAH 1,000 each, and in September, the drawing of 3 powerful Bluetti AC200MAX charging stations will start.
When you buy Ukrainian, everyone wins! And together with FUIB, these advantages become much greater.
Read herehow to take part in the state program “National Cashback” with PUMB .
*Official rules of the Promo Campaign for UAH 1 million and 700 prizes of UAH 1000 each from PUMB can be found on the bank’s website in the section “Promotions for regular customers”.
Source: https://interfax.com.ua/news/press-release/1011177.html
