Business news from Ukraine

Business news from Ukraine

Ukraine has reduced exports of steel semi-finished products by 76%

Ukraine in January-July this year reduced exports of semi-finished carbon steel products in physical terms by 76.4% compared to the same period last year – to 658.729 thousand tons.

According to statistics released by the State Customs Service (SCS), in monetary terms, exports of semi-finished carbon steel products for this period amounted to $354.178 million (down 62.9%).

The main exports were to Bulgaria (33.71% of shipments in monetary terms), Poland (31.62%) and Turkey (7.45%).

In January-July Ukraine imported from China 92 tons of semi-finished products worth $169 thousand.

As reported, in 2022 Ukraine in physical terms reduced exports of semi-finished carbon steel products by 72% in comparison with the previous year – to 1 million 899.729 thousand tons, in monetary terms by 70.9% – to $1 billion 191.279 million. The main exports were to Bulgaria (26.55% of supplies in monetary terms), Poland (13.97%) and Italy (12.13%).

In addition, Ukraine imported 5.558 thousand tons of similar products in 2022, which is 85.7% less than in 2021. In monetary terms, imports decreased by 86% to $3.634 mln. Imports were made from Russia (96.92% of supplies – before the war), China (1.84%) and Romania (1.21%).

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Ukraine earned more than $1.6 bln from ferrous metal exports in 7 months of year

Metallurgical enterprises of Ukraine in January-July this year reduced revenues from ferrous metal exports by 53.6% compared to the same period last year – to $1 billion 621.038 million.
According to statistics released by the State Customs Service (SCS) on Tuesday evening, ferrous metals accounted for 7.44% of total receipts from exports of goods during this period, while for 7M-2022 – 13.61%.
In July, revenues from ferrous metals exports amounted to $206.685 million, while in the previous month – $277.888 million.
At the same time, Ukraine has increased imports of similar products by 51.8% – up to $718.782 million in seven months of this year. In July, $112.462 million worth of products were imported.
In addition, in January-July Ukraine reduced exports of metal products by 11.3% compared to the seven months of the previous year – to $561.009 million. In July they were exported for $59.195 million.
At the same time, imports of metal products for the first seven months of the year increased by 23.3% to $432.906 million. In July, Ukraine received $73.702 million worth of these products.
As reported, the country’s metal enterprises in the first half of the year-2023 reduced revenues from exports of ferrous metals by 56.1% compared to the same period last year – to $1 billion 414.354 million. For 5 months-2023 the lag was 60.7%, for 4 months-2023 the decrease was 3.2 times.
Ukraine’s metal enterprises in 2022 decreased revenues from ferrous metal exports by 67.5% compared to 2021, to $4 bln 533.088 mln. Ferrous metals for this period accounted for 10.26% of total revenues from exports of goods against 20.49% for 2021. At the same time, Ukraine last year 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 for the year fell by 42.9% to $643.162 million.

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Change in prices of food raw materials from Ukraine (forecast up to 2025), %

Change in prices of food raw materials from Ukraine (forecast up to 2025), %

Source: Open4Business.com.ua and experts.news

Hasidim were asked not to come to Uman in September for Jewish New Year’s holiday

Cherkassy regional military administration on the eve of Rosh Hashanah recommends Hasidim to refrain from visiting Uman, but takes measures to strengthen security measures, according to the head of Cherkassy OVA Igor Taburets.
“In a month – Rosh ha-Shana. We recommend pilgrims to refrain from visiting Uman as much as possible, given the war, regular massive shelling of our country and possible provocations from Russia,” the head of the OVA said in a message in his Telegram channel on Tuesday.
At the same time, as Taburets notes, some of the believers, as last year, will still decide to come, so the authorities are taking the necessary measures to strengthen security measures for guests and locals. “Today on this issue held a meeting of the special commission with the participation of the Deputy Ambassador Extraordinary and Plenipotentiary of the State of Israel in Ukraine Mrs. Liron Finkelstein,” – said Taburets.
“First of all, we coordinate the work on security measures. They, like last year, will be strengthened . …We are working on other areas, having the experience of previous celebrations. We are talking about the provision of medical care, the functioning of catering establishments, the work of utility workers, anti-epidemic measures and others. The key priority is unchanged – the safety of local residents and visitors,” Taburets wrote.
Rosh Hashanah is the Jewish New Year, which is celebrated for two consecutive days on the new moon of the fall month of Tishrei according to the Jewish calendar. From this day begins the counting of the days of the new Jewish year.

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Kyivstar invested almost UAH 1 bln in energy independence

Investments of Ukraine’s largest mobile operator Kyivstar in energy independence amounted to UAH 920 million for the entire period of the full-scale invasion of the Russian Federation, the company’s press service said.
“The national telecom operator prepares in advance for possible winter blackouts and provides the telecom network with diesel generators, long-lasting batteries, uninterruptible power supplies. Since the beginning of the full-scale war Kyivstar has invested UAH 920 mln in energy independence of telecom networks,” the press release says.
In particular, Kyivstar has allocated more than UAH 680 mln for autonomous operation of mobile communications, and for Home Internet – UAH 240 mln.
The company uses more than 2.5 thousand stationary and mobile diesel generators, thanks to which all key base stations, switches and critical telecom equipment have backup power. The base stations are equipped with 37 thousand new long-life batteries, which can operate without external power supply for 4-6 hours.
“Kyivstar plans to install 50 thousand uninterruptible power supply units by the end of the year, which will allow to achieve autonomy of 70% of fixed Internet networks in case of power outages.
The company is also developing energy-efficient GPON technology.
“Development of “Home Internet” network with the use of GPON technology is planned in the fourth quarter of 2023″, – specified in the press service of the company.
Kyivstar communication services are currently used by 24 million subscribers, “Home Internet” services – more than 1 million subscribers.

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