Business news from Ukraine

Business news from Ukraine

Concert of Vopli Vidoplyasova and VAÑA СLUB will be held in Yasnohorodka on August 12

On August 12, at 16:00, the legends of Ukrainian rock, the Vopli Vidoplyasova band, which stood at the origins of modern Ukrainian music and today continues to create the history of quality rock music, and the unassailable musical group Vasya Club will meet in the Yasnohorodka Family Ecopark.
Together they will present fierce energy, incendiary rhythms and powerful drive at the charity event “ROCK on the Glider”.
The event is organized by the RI GROUP group of companies, the information partner is the Angel’s Booking event agency.
During the event, a charity auction will be held, the proceeds from which will go to support the Goryachenko family-type orphanage. The family became the first family in Ukraine to adopt 14 children, and by Presidential Decree in 2012, mother Natalia was awarded the Order of Princess Olga III Degree, and in 2021 was awarded the title “Mother Heroine” (Decree of the President of Ukraine of 07.05.2021). Since the beginning of the war, the family has been volunteering. The father of the family was involved in evacuating people from hot spots, repairing equipment, and providing the military with much-needed medicines, clothing, and equipment.
The event will be hosted by actor and host Ilya Prokopov
The joint concert will strengthen friendship and mutual support!
Tickets are available here: https://yasnogordka.ticketsbox.com/ua/event/vopli-vidoplyasova.html
Kyiv region, Makariv district, Yasnogorodka village, 32 Pidlisna str.

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Ukraine increased exports of ferroalloys by 23.2%, imports decreased by 41%

Ukraine in January-July this year increased exports of ferroalloys in physical terms by 23.2% compared to the same period last year – up to 299.458 thousand tons.

According to statistics released by the State Customs Service (SCS), in monetary terms, ferroalloys exports decreased by 40.5% to $260.870 mln.

The main exports were to Poland (57.24% of shipments in monetary terms), Turkey (11.36%) and the Netherlands (6.76%).

In addition, during this period Ukraine imported 4.379 thousand tons of these products, which is 72.9% less compared to January-July-2022. In monetary terms, imports decreased by 69% – to $18.561 mln.

Imports were mainly from Armenia (18.37%), India (17.86%) and China (15.15%).

As reported, Ukraine in 2022 reduced exports of ferroalloys in physical terms by 47.7% compared to the previous year – to 349.560 thousand tons, in monetary terms by 46% – to $ 564.136 million. At the same time, the main supplies were made to Poland (53.25% of exports in monetary terms), the Netherlands (13.13%) and Romania (5.66%).

In addition, last year Ukraine imported 20.546 thousand tons of these products, which is 65.5% less compared to 2021. In monetary terms, imports decreased by 59.1% to $72.705 million. Imports were mainly from Norway (22.67%), China (15.60%) and Kazakhstan (14.10%).

The business of Stakhanov and Zaporizhzhya Ferroalloy Plants (NWF and ZZF) was organized by PrivatBank (Kiev) before the nationalization of the financial institution. Nikopol Ferroalloy Plant is controlled by EastOne Group, established in the fall of 2007 as a result of restructuring of Interpipe Group, as well as by Privat Group.

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Generation distribution in power system of Ukraine in 2022

Generation distribution in power system of Ukraine in 2022

Source: Open4Business.com.ua and experts.news

Price of gasoline in August may increase by 3-11 UAH – A-95

The price of gasoline in August this year may reach the mark of 60.86 UAH/liter, diesel fuel – 55.61 UAH/liter, gas – 26.63 UAH/liter, according to the data of consulting group A-95, posted by its director Sergei Kuyun in his Facebook on Friday.

He commented that the strongest impetus for the movement of prices at gas stations is created by the “delayed integration of increased taxes and the growth of world quotations”.

“If you put everything in a pile, the prospect of reaching 60 UAH/liter of gasoline and 55 UAH/liter of DT is absolutely real. Yes, I think up to 3 UAH/l will be amortized at the expense of retail markup, but this is such a sedative,” Kuyun wrote.

According to his calculations, the rise in the price of gasoline in July by less than 4 UAH / l, diesel fuel – a little more than 4 UAH / l and autogas by 1.5 UAH / l, despite the forecasts, providing at least a doubling of prices, due to the sale by market players of fuel stocks formed in May and June – before the abolition of preferential taxes.

“The key contribution to July stability was made by well-prepared OKKO, WOG and Ukrnafta, thanks to which prices have not yet crossed the 50 UAH/liter mark,” the expert noted.

At the same time, he pointed out that July fuel is increasingly replacing preliminary volumes with low production costs, and this process will be completed by mid-August.

He called its appreciation on the world market another factor in the projected increase in the price of motor fuel.

“Gasoline and diesel fuel added $130-140/t, which is an average of 5 UAH/liter (of course, with the new 20% VAT). Gas soared by $70/t (1.7 UAH/liter). We are in the season of maximum consumption worldwide, so hope for a significant cooling of prices, in my opinion, is not worth it,” – said the director of A-95.

In addition, he drew attention to the shelling of Ukrainian ports by the Russians, as a result of which tanker owners, according to him, have lost the desire to carry fuel to Romanian ports and Moldovan Giurgiulesti.

“Those who agree have raised freight rates by almost 50% (and some, they say, by 100%) and demand insurance for the lives of the entire crew, including families. One can understand: it’s like that rocket to fly across the Danube… There have also been cases of direct threats to civilian ships by Russian warships. The problems in the south will also keep the prices up,” the expert described the situation.

In his opinion, in order to overcome these problems, which he called not new for the Ukrainian market, it is necessary to increase contracts on land, in the northern and western directions.

In addition, he spoke in favor of consolidation of traders who together could conclude long-term contracts for large tanker shipments, in particular with American companies.

“This would guarantee a resource and a good price on a large volume. In addition, this product would guarantee to replace various toxic resources of diesel fuel from Turkey, India, Saudi Arabia, which frankly smell of “narrow” perfume,” – summarized Kuyun.

As reported, in mid-March 2022, the Rada adopted a law on additional tax incentives to support business during the war, aimed, among other things, to keep fuel prices down. According to it, temporarily, for the period of martial law, zero excise tax and VAT of 7% instead of 20% were set on fuel.

On September 21, 2022, the Rada passed Bill No. 7668-d on the return of excise taxes on motor fuel, setting them at EUR100 for gasoline and diesel (hereinafter – per 1,000 liters), EUR52 for liquefied gas, butane and isobutane, and EUR100 for alternative motor fuel and biodiesel. VAT for all types of fuel remained at 7%.

However, according to this document, from July 1, 2023 the level of fuel taxes returned to the pre-war level: VAT – to 20%, excise duty on gasoline – to EUR213, on diesel – to EUR140 per 1,000 liters.

Ukraine has increased exports of scrap metal 3.5 times

Ukrainian enterprises in January-July this year increased exports of ferrous scrap metal 3.5 times compared to the same period last year – up to 101.615 thousand tons.

According to statistics released by the State Customs Service (SCS) on Monday, in monetary terms, scrap metal exports for the period amounted to $29.807 million (an increase of 2.4 times).

At the same time, the growth of scrap metal exports was recorded since March: if in January about 8.28 thousand tons of scrap metal was exported, in February – 16.5 thousand tons, in March – 15.45 thousand tons, in April – about 16.19 thousand tons, in May – 21.003 thousand tons, in June – 14.6 thousand tons, but in July it decreased to 9.567 thousand tons.

Scrap metal exports in January-July-2023 were to Poland (87.70%), Greece (5.80%) and Bulgaria (3.65%).

In the first two months of the year the country did not import scrap metal, in March-July imported 573 tons of scrap for $222 thousand (45.05% from Slovakia, 21.62% from Poland, 12.61% from Estonia).

Earlier, the president of Ukrmetallurgprom, Oleksandr Kalenkov, stated in his column on the Interfax-Ukraine website that scrap metal is exported through the European Union, where there is a preferential export duty of EUR3 per ton, and from there the raw material is redirected to real customers. To export the raw materials to the clients at once would cost EUR180 export duties – and the Ukrainian budget has already lost UAH 350 mln on this.

According to him, the State Bureau of Investigation is already interested in such export schemes.

The head of Ukrmetallurgprom called for a temporary ban on the export of ferrous scrap to provide metal companies with strategically important raw materials amid the ongoing war.

“If scrap metal remains in the country – more than 500 thousand people will have jobs, and the country will have millions of foreign exchange earnings from steel exports. At the same time, the military will also benefit, because metallurgists help the fighters a lot, buying equipment and cars for them, and even producing body armor. No one will benefit from the export of scrap metal. Therefore, the authorities should act proactively and temporarily ban exports until the situation stabilizes and ceases to threaten national economic security,” said Kalenkov.

He specified that a ton of scrap metal processed into steel gives 10 times more to the budget than the export duty to the EU – about $300 per ton.

As reported, Ukraine in 2022 reduced exports of ferrous scrap in 11.5 times compared to the previous year – to 53.557 thousand tons, in money terms decreased by 12.4 times – to $19.271 million. At the same time, last year the country reduced imports of scrap metal in physical terms in 12.6 times – to 1.824 thousand. Imports of scrap metal in 2022 were mainly from Turkey (78.92% of supplies in monetary terms), Russia (13.25%) and Cyprus (5.08%); exports – to Turkey (38.97%), Poland (34.25%) and Greece (10.12%).

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Prometey’s fleet was replenished with new cars

Specialists of the production and elevator areas of Prometey Group of Companies received new Renault cars.
Three Renault Express will be used by mechanics and agronomists who service the company’s production facilities, and the keys to two Renault Duster got regional directors of the elevator business.
These service cars will increase the efficiency of Prometey middle managers, making the fulfillment their duties more productive and operative.
The cars were purchased at the expense of the leasing limit from OTP-LEASING, the total amount of which is $3 mln.

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