Business news from Ukraine

Business news from Ukraine

Inflation in Netherlands in January-May 2025: moderate price growth amid external economic risks

In the period from January to May 2025, inflation in the Netherlands showed moderate growth, remaining above the eurozone average. According to data from Statistics Netherlands (CBS), consumer prices rose by 3.3% in January compared to the same month last year, down from 4.1% in December 2024.

According to the Indeflatie website, the average inflation rate in the Netherlands for 2025 is 3.7%, which is higher than the 3.35% recorded in 2024.

The main factors contributing to inflation are rising prices for housing, water, and energy, as well as an increase in the cost of services due to rising wages.

However, despite moderate inflation, there are external economic risks that could affect the country’s economic situation.

In particular, a possible escalation of trade relations between the US and the European Union could lead to an increase in inflation in the Netherlands by 0.5 percentage points in 2025 and 2026.

Thus, in the first half of 2025, inflation in the Netherlands will remain moderate, but external economic factors could have a significant impact on further price dynamics.

Source: http://relocation.com.ua/inflation-in-the-netherlands/

 

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Average price per hectare of land in 2023, UAH

Average price per hectare of land in 2023, UAH

Source: Open4Business.com.ua

Ukrnafta allocated UAH 17.8 mln to support mobilized employees

PJSC Ukrnafta continues to support its mobilized colleagues and has already allocated over UAH 17.8 million this year to help employees who have joined the Armed Forces of Ukraine and their teams.

“These funds were used to purchase necessary equipment and supplies: vehicles, tires, drones, electronic warfare systems, communication devices, charging stations, generators, personal protective equipment, and various types of components,” the company said on Facebook on Monday.

Currently, more than 1,000 Ukrnafta employees are serving in the Armed Forces of Ukraine.

“Ukrnafta systematically supports its people by providing them with everything they need for their service. In addition, the company cares for the families of military personnel and implements a program to help veterans adapt after their return,” the company said.

As reported by the company in May, Ukrnafta, together with the Come Back Alive Foundation, donated weapons and equipment worth UAH 1.235 billion to the front line: FPV drones, aviation complexes, quadcopters, mortars, grenade launchers, machine guns, pickups, off-road vehicles, mobile workshops, electronic warfare and electronic countermeasure equipment, body armor, night vision devices, generators, and Starlinks.

Ukrnafta’s net profit for 2024 amounted to UAH 16.38 billion.

Ukrnafta is Ukraine’s largest oil producer and operator of the national network of gas stations. In March 2024, the company took over the management of Glusco’s assets and now operates a total of 544 gas stations, 461 of which are owned by the company and 83 are under management. It holds 92 special permits for industrial development of deposits. The company has 1,832 oil and 154 gas production wells on its balance sheet.

The largest shareholder of Ukrnafta is Naftogaz of Ukraine with a 50%+1 share. In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer the corporate rights of the company, which were previously owned by private owners, to the state and are currently managed by the Ministry of Defense.

Zaporizhstal increased rolled steel production by 4.6% in five months

In January-May of this year, the Zaporizhstal steel plant in Zaporizhia increased its rolled steel output by 4.6% compared to the same period last year, to 1 million 97.3 thousand tons from 1 million 48.8 thousand tons.

According to the plant’s press release on Monday, steel production for the period amounted to 1 million 296.8 thousand tons (in January-May 2024 – 1 million 249.5 thousand tons), pig iron – 1 million 426.9 thousand tons (1 million 290.4 thousand tons).

In May, Zaporizhstal produced 294.5 thousand tons of pig iron, 277.9 thousand tons of steel, and 233.1 thousand tons of rolled products.

As reported, in 2024, Zaporizhstal increased its rolled steel production by 18.1% compared to 2023, to 2 million 426.7 thousand tons from 2 million 54.7 thousand tons, and steel production by 17.2%, to 2 million 890.8 thousand

Zaporizhstal increased its rolled steel output in 2023 by 57.2% compared to 2022, to 2 million 54.7 thousand tons,

steel by 65.4% to 2 million 466.9 thousand tons, and pig iron by 35.3% to 2 million 718.9 thousand tons.

Zaporizhstal is one of Ukraine’s largest industrial enterprises, whose products are in high demand among consumers both on the domestic market and in many countries around the world.

Zaporizhstal is in the process of integration into the Metinvest Group, whose main shareholders are System Capital Management (71.24%) and Smart Holding (23.76%).

Metinvest Holding LLC is the managing company of the Metinvest Group.

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Ukrainians take out 724,000 microloans per month

For the first time in two years, the average microloan amount has decreased slightly

According to the National Bank of Ukraine, Ukrainians have signed more than 2.17 million contracts totaling nearly UAH 13 billion with microfinance organizations (MFOs) this year. The number of microloans increased by 8%, but the average loan amount decreased for the first time in two years, amounting to UAH 5,858. In total, Ukrainians owed MFIs almost UAH 24.3 billion as of early April 2025. This is twice as much as at the beginning of the full-scale war.

Ukrainians signed over 2.17 million loan agreements with MFIs in the first quarter of 2025. This is 8% more than in the same period last year. The total amount of such agreements amounted to UAH 12.72 billion.

However, despite the increase in the number of loans, the average loan amount decreased for the first time in two years — by 2% compared to the same period last year, and currently stands at 5,858 UAH. Prior to this, the average check had only been growing.

On average, Ukrainians signed 724,000 agreements per month, which is slightly more than last year’s figure of 693,000 per month.

In total, Ukrainians owed MFIs UAH 24.28 billion as of April 1, 2025. This is twice as much as at the beginning of the full-scale war in April 2022. In the first quarter of 2025 alone, the debt increased by UAH 4.3 billion, or 22%.

It should be noted that according to updated data from the NBU, Ukrainians’ debts did not decrease by 2.7 billion hryvnia, as was reported in previous reports, but instead increased by 1.4 billion hryvnia at the end of 2024. In total, the debt doubled in 2024, increasing by 10.7 billion hryvnia.

63% of microloans are taken for a term of 93 days to 1 year. The share of such agreements has remained almost unchanged. At the same time, long-term microloans (1 to 2 years) increased 15 times. Their share currently stands at 3.6%. Short-term loans (up to 31 days) have also become more popular: their share increased from 14.5% to 24%. However, the share of loans with a term of 32 to 92 days decreased more than fivefold, from 16.5% to 3%.

https://opendatabot.ua/analytics/mfo-2025-1

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Zaporizhkox reduced coke production by 5% in January–May

Zaporizhkox, one of Ukraine’s largest producers of coke and chemical products and part of the Metinvest Group, reduced its production of blast furnace coke by 4.9% in January–May this year compared with the same period last year, to 357,800 tons from 362,700 tons.

According to the company, 76,000 tons of coke were produced in May, compared to 72,060 tons in the previous month.

As reported, Zaporizhkox increased its production of blast furnace coke by 2.1% in 2024 compared to 2023, to 874,700 tons from 856,800 tons.

In 2023, Zaporizhkox increased its production of blast furnace coke by 16% compared to 2022, to 856,800 tons from 737,400 tons.

Zaporizhkox produces about 10% of the coke produced in Ukraine and has a complete technological cycle for the processing of coke-chemical products. In addition, it produces coke oven gas and petroleum coke.

Metinvest is a vertically integrated mining group of companies. Its main shareholders are the SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage the company.

Metinvest Holding LLC is the managing company of the Metinvest Group.

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