Business news from Ukraine

Business news from Ukraine

In Kyiv, rain on Monday, no precipitation on Tuesday

In Ukraine on Monday, October 16, rains, at night in the central and some northern regions, during the day in some places in Poltava, Sumy and Kharkiv regions heavy rains, only in the southeastern regions at night without precipitation, the Ukrhydrometcenter reported.

Northwest wind (southern in the southeastern part), 7-12 m / s, gusts of 15-20 m / s in the morning and afternoon in Ukraine (in the northern part in some places).

The temperature in the southern, eastern and Dnipropetrovska regions will be 6-11° at night, 11-16° during the day, up to 18° in Donetsk and Luhansk regions; in the rest of the country it will be 3-8° at night, 7-12° during the day.

In the Carpathians, rain, sleet; temperature at night from 2° C to 3° C, during the day 0-5° C.

In Kyiv, moderate rain on Monday night, light rain during the day. Northwest wind, 7-12 m/s. The temperature at night will be 6-8°, during the day around 10°.

According to the data of the Borys Sreznevsky Central Geophysical Observatory. On October 16, the highest daytime temperature was 23.4 in 2018, and the lowest nighttime temperature was -4.9 in 1976, according to the Borys Sreznevsky Central Geophysical Observatory in Kyiv.

On Tuesday, October 17, there was no precipitation in Ukraine.

Northwest wind with a shift to southwest, 5-10 m/s.

Temperature at night from 4 ° C to 1 ° C, during the day 7-12 ° C; in the southern part at night 1-6 ° C, during the day 10-15 °, in the south of Odesa region 16-18 °.

No precipitation in Kyiv on Tuesday, October 17. Northwest wind with a shift to southwest, 5-10 m/s. The temperature at night will be 2-4° Celsius, during the day about 10°.

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Ukraine’s rolled steel market almost doubled in January-September

In January-September of this year, Ukrainian enterprises increased their consumption of rolled metal products by 92.96% compared to the same period last year, up to 2 million 604.9 thousand tons.

According to a press release issued by Ukrmetallurgprom, 818.9 thousand tons, or 31.44% of the domestic rolled metal consumption market, were imported during this period.

According to Ukrmetallurgprom, in January-September 2023, Ukrainian steelmakers produced 3.93 million tons of rolled steel (83% compared to the same period in 2022), of which, according to the Expert and Scientific Council of UAVtormet, about 2.14 million tons, or 54.4%, were exported. In the same period of 2022, the share of exports amounted to 79.9% (3.78 million tons with a total production of 4.73 million tons of rolled metal products).

The share of semi-finished products in export deliveries for 9M2023 amounted to 43.16%, which is comparable to the same period in 2022 (44.05%). The share of flat products in exports in 9M2023 is slightly lower than in January-September 2022 (36.58% and 37.84%, respectively). The share of long products in export deliveries for 9M2023 is significantly higher than in the same period of 2023 (20.25% in 2023 vs. 18.11% in 2022).

“In January-September 2023, the domestic market capacity amounted to 2604.9 thousand tons of rolled steel, of which 818.9 thousand tons, or 31.44%, were imported. In the same period of 2022, the domestic market capacity amounted to 1350 thousand tons, of which 401 thousand tons, or 29.7%, were imported. Thus, for 9 months of 2023, there was an increase in the domestic market capacity by 92.96% compared to January-September 2022, with a simultaneous increase in the share of the import component by 1.73%,” the press release states.

The structure of imports in January-September 2023 is characterized by a significant dominance of flat products over long products (75.48% and 24.45%, respectively); in the same period of 2022, the dominance of flat products over long products was also significant (62.57% and 36.06%, respectively).

According to UAVtormet, the main export markets for Ukrainian steel products in January-September 2023 were the European Union (84.0%) and the rest of Europe (6.8%).

Among metallurgical importers in 9 months of 2023, the first place is occupied by other European countries (38.9%), the second – by the EU-27 (38.5%), and the third – by Asian countries (20.3%).

Poland holds parliamentary elections today

On Sunday, October 15, Poland holds elections to the Sejm, Senate, as well as a national referendum, voting began at 7.00 and will last until 21.00, reports Polskie Radio.

It is noted that citizens have been created conditions for voting in Poland, abroad and even on ships. According to the chairman of the National Election Commission Sylwester Marciniak, more than 31 thousand electoral districts have been created.

“There are 29 thousand 292 stationary constituencies, 1,701 separate constituencies, and in addition, 417 constituencies abroad have been created, however, one was eliminated in Israel, and 8 constituencies for voting on ships have been created,” Marciniak emphasized

According to Polskie Radio, 29 million Polish citizens have the right to vote in elections and referendums. More than 391 thousand voting certificates have been issued, which allow voting not at the place of residence.

It is noted that Poles will elect 460 deputies and 100 senators. And the referendum should answer four questions: whether they support the removal of the fence on the border with Belarus, support for the privatization of state-owned enterprises, raising the retirement age to 60 years for women and 65 years for men, as well as whether they agree to accept thousands of illegal migrants from the Middle East and Africa, in accordance with the mechanism of forced relocation, which operates in the EU.

As DW reports, according to the latest opinion polls, the ruling national-conservative Law and Justice (PiS) party of Deputy Prime Minister Jaroslaw Kaczynski with 34% of the vote is only slightly ahead of the opposition liberal-conservative Civic Platform (CP) party of former Polish Prime Minister and former President of the European Council Donald Tusk, for which 32% of voters are ready to vote.

It is emphasized that in case of victory each of the contenders will have to look for partners to create a government coalition.

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FC Shakhtar increased its revenues by almost 2.8 times

In the 2022/2023 season, the total revenue of FC Shakhtar (including VAT) amounted to UAH 5 billion 992 million including VAT, which is almost 2.8 times higher than the previous season (UAH 2 billion 178 million), according to the annual report published on the club’s official website.

According to the report, the club’s total revenue from the sale and lease of players last season increased to UAH 4 billion 29 million from UAH 622 million a season earlier, while revenues from UEFA and FIFA for participation in the Champions League group stage and for reaching the last 16 of the Europa League increased to UAH 1 billion 606 million from UAH 1 billion 164 million.

The club clarified that last season it made 14 incoming transfers, of which 11 were purchases, 2 were rentals and 1 was a free agent. There were the same number of outgoing transfers, including 5 sales and 9 rentals. The most high-profile transfer was that of midfielder Mykhailo Mudryk to Chelsea London for a record-breaking sum in the history of Ukrainian football: EUR 70 million and another EUR 30 million in bonuses. In addition, Serhiy Kryvtsov joined MLS side Inter Miami.

Shakhtar’s revenues from commercial activities in the 2022/2023 season decreased to UAH 357 million from UAH 392 million in the previous season.

Last season, FC Shakhtar increased its payments to the budgets of all levels by 34.4% compared to the 2021/22 season, up to UAH 566.9 million.

Among the events in the report is the extension of cooperation with the BRSM-Nafta network for 2023 and the termination of cooperation with the club’s title partner Parimatch due to its inclusion in the sanctions lists.

It is specified that the number of subscriptions to the club’s social media pages has increased by almost 5% to 3.15 million. The most popular are Facebook (1.41 million) and Instagram (544.4 thousand, +5.2%), while the largest influx was recorded on TikTok – 61 thousand, or 75%, and on Twitter – 24.5 thousand, or 24.7%.

Shakhtar’s website is available in four languages: Ukrainian, English, Polish and German. Last season, it was visited by 1.07 million unique users.

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ECA insured UAH 50.5 mln of exporters’ loan agreements

In September, the Export Credit Agency (ECA) insured exporters’ loan agreements worth UAH 50.5 million, according to the ECA website.

It is specified that the volume of supported exports for the month amounted to UAH 162.8 million.

The most popular categories of goods for export in September were (by foreign economic activity groups) processed vegetables, ferrous metal products, and finished products made from grain, flour, starch, and milk, while the counterpart countries were Poland, the Czech Republic, the Netherlands, Germany, and Lithuania.

The top three partner banks were Ukrgasbank (UAH 71.1 million of supported exports and UAH 21.9 million of financing), Oschadbank (UAH 52.8 million and UAH 20.6 million), and Kredobank (UAH 38.9 million and UAH 8 million), respectively.

This year, Ukrgasbank ranks first (UAH 1.35 billion of exports supported and UAH 159 million of loans disbursed), Raiffeisen Bank is second (UAH 605 million and UAH 210 million), and Oschadbank is third (UAH 584.7 million and UAH 128.67 million).

In September, entrepreneurs from Ivano-Frankivsk region were the most active in insuring their loans received under export contracts with the ECA (the amount of contacts amounted to UAH 51.5 million and the amount of loans was UAH 11.9 million), Dnipropetrovs’k region (UAH 38.9 million and UAH 8 million), Ternopil region (UAH 29.24 million and UAH 18.3 million), Zakarpattia region (UAH 23.55 million and UAH 2.3 million), and Rivne region (UAH 19.63 million and UAH 10 million).

In the first nine months of this year, ECA and its partner banks found the largest number of customers in Kyiv (UAH 311.27 million of insured loans), as well as in Dnipropetrovska (UAH 53.63 million) and Vinnytska (UAH 10.5 million) regions.

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Forests of Ukraine launches project to create talent pool system

The state enterprise “Forests of Ukraine” is launching a project to create a system of personnel reserve, said the company’s CEO Yuriy Bolokhovets.

“Forests of Ukraine employs more than 30 thousand people in all regions of the country. Thousands of management positions. Recently, we have been actively getting rid of managers who commit abuses or violations (…) But where and how to find the best personnel? (…) That’s why we are creating a system of personnel reserve,” he wrote on Facebook.

According to Bolokhovets, the reserve should open up growth opportunities for the capable and hardworking. Every employee who wants to take part in the competition can apply, be tested and undergo a comprehensive assessment of knowledge and skills. Once a vacancy is opened, the HR committee will conduct a selection process, taking into account candidates from the reserve. Employees who are selected for the personnel reserve will be given the opportunity to improve their skills at training courses in law, management, psychology, IT, etc.

The Director General of the State Enterprise “Forests of Ukraine” expressed hope that the new system of candidate evaluation will be not only objective, but also transparent with the possibility of public control.

Currently, the talent pool system is being finalized, a list of positions is being formed, and tests covering all aspects of the company’s work are being developed. The reserve for three positions has already been launched in a pilot mode: a forester, a branch director, and a deputy director of a regional office.

The state enterprise expects that the reserve will start working next year. And all appointments to senior positions will be made exclusively on a competitive basis.

As reported, Ukraine launched a forestry reform in 2016. As part of it, the sale of raw wood at electronic auctions has already been introduced. Since 2021, an interactive map of wood processing facilities has been operating in a test mode in a number of regions.

The industry has implemented the Forest in a Smartphone project, which contains a list of logging tickets for timber harvesting and allows you to check the legality of logging on the agency’s online map.

On June 1, 2023, Ukraine launched a pilot for the electronic issuance of logging tickets and certificates of origin of timber. In addition, the State Enterprise “Forests of Ukraine” has launched a pilot project to procure timber harvesting services through the Prozorro electronic platform.

To date, the SFE has harvested more than 130 thousand cubic meters of firewood for the 2023/2024 heating season.

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