Business news from Ukraine

Business news from Ukraine

Aluminum exports from Ukraine in January-May 2023 increased by 0.7%

According to customs statistics released by the State Customs Service of Ukraine, the export of aluminum and aluminum products in January-May this year increased by 0.7% compared to a year earlier – to $39.735 million (in May – $8.306 million), lead and aluminum products decreased by 17.2% – to $6.684 million ($1.214 million).
Exports of aluminum and aluminum products for 2022 decreased 42.7% from 2021 to $96.972 million, lead and lead products decreased 68.7% to $11.970 million, and nickel and nickel products decreased 73.9% to $1.268 million.

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“Experts Club” held a seminar to teach journalists basic first aid skills

The analytical center “Club of Experts” in Kiev within the framework of the initiative on training of journalists in basic skills of rendering the first pre-medical care has held the first seminar-workshop. The event was organized by the Club of Experts, the Adonis network of medical centers, and “Help For Ukraine” Charitable Foundation, “Hromada Priirpenia Foundation” Charity Foundation; the information partner – “Interfax-Ukraine” and Open4Business portal.

The seminar was attended by the representatives of mass media from different regions of Ukraine, whose work is connected with risk and possibility of facing emergency situations. According to the participants, mastering basic first aid skills can be of vital importance at critical times, related to their professional activities in wartime conditions.

The seminar’s keynote speaker, Adonis Medical Group anesthesiologist Mariana Bolyuk, is the co-author of 12 scientific publications and has a wealth of experience in the medical field. In her presentation, she covered important aspects of pre-medical care, including algorithms for basic life support, types of bleeding and how to stop it. Practical techniques, such as determining the pulse on main arteries and applying a turnstile, were also practiced at the seminar.

According to Maxim Urakin, organizer of the seminar and founder of the “Expert Club,” in the current situation it is important to develop first aid skills among journalists because the role of their profession and the risk they face daily has increased significantly in war conditions.

“According to information published in the media, since last February, 61 media workers have already been killed and about 500 more journalists have been wounded. Therefore, we are deeply aware of the importance of training journalists in basic first aid skills. Our colleagues constantly face risks and have the responsibility of informing the public under difficult conditions. Therefore, we should strive to provide journalists not only with information, but also with the means to preserve and protect their lives and health,” Urakin emphasized.

In the future, the organizers of the seminar plan to develop this training project, covering more media representatives and expanding their knowledge and skills in first aid. Journalists with a basic knowledge of premedical care will be able to act more effectively in difficult situations, contributing to quick and effective aid to victims. First-aid training for journalists in the future must become an integral part of their professional training and responsibility to society. According to the organizers, it is important to support and develop such initiatives in the future so that journalists are prepared for emergencies and contribute to general safety and well-being.

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Ukraine cuts imports of nickel and nickel products 4.8 times in first five months of 2023

According to customs statistics, promulgated by the State Customs Service of Ukraine, Ukraine in the first five months of 2023 decreased imports of nickel and nickel products in 4.8 times compared to the same period of 2022 – up to $6.344 million (in May – $1.045 million).
Ukraine in 2022 reduced imports of nickel and nickel products by 49.9% compared to 2021 – to $59.754 million.

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Ukrainian enterprises almost doubled imports of copper in January-May

Ukrainian enterprises in January-May this year increased imports of copper and copper products in value terms by 93.2% as compared to the same period last year – up to $47.614 million.
According to customs statistics, released by the State Customs Service of Ukraine, the export of copper and copper products for the period decreased by 27.5% – to $33.701 million.
In May, imported copper worth $10.122 million and exported – $6.399 million.
As reported, Ukrainian companies in 2022, imports of copper and copper products in value terms reduced by 64.3% compared to the previous year – up to $ 65.370 million, and their exports decreased by 56.3% – to $ 90.245 million.

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The head of the U.S. Securities and Exchange Commission spoke out strongly about the cryptocurrency asset market

Securities and Exchange Commission (SEC) chief Gary Gensler spoke out rather harshly about the cryptocurrency asset market, noting that the industry’s lack of compliance could damage the credibility of the U.S. financial markets.

“With such widespread noncompliance, it’s not at all surprising that there are so many problems in the cryptocurrency markets,” Gensler said, speaking at the Piper Sandler Global Exchange and FinTech conference on Thursday. – We’ve seen this kind of thing before. It’s all reminiscent of the situation we had in the 1920s, before the federal securities laws were passed. Speculators, scammers, con artists and pyramid schemes. People were standing in line in bankruptcy courts.”

“Cryptocurrency markets should not be allowed to undermine the public’s well-earned confidence in the capital markets. They should not be allowed to harm investor confidence,” the text of Gensler’s speech, which is published on the SEC’s website, reads.

The regulator has faced sharp criticism after accusations against cryptocurrency exchanges Coinbase and Binance.

The SEC reportedly accused Coinbase of operating without registration as an exchange, broker and clearing agency in the United States. The same charges were brought by the regulator against Binance Holdings Inc. In total, the SEC charged Binance and its founder Changpeng Zhao with 13 securities violations.

Gensler noted that most cryptocurrencies are subject to U.S. securities laws, so “most cryptocurrency brokerage companies must also comply with those laws.”

Appropriate registration of cryptocurrency exchanges, he said, is “the foundation of providing basic protections for investors and markets.”

“Cryptocurrency intermediaries may need to separate lines of business, put in place sets of rules to ensure protection against fraud and manipulation, properly segregate customer funds, and change their approach to clearing,” Gensler said. – That’s what protects investors. The fact that they built their platforms without taking that into account shouldn’t be a free pass to put investors at risk.”

International rating agency Moody’s on Thursday changed its outlook on Coinbase Global’s ratings to negative from stable, noting “uncertainty about the extent to which the SEC charges affect the company’s business model and cash flow.”

Coinbase’s corporate rating was affirmed at “B2.”

Forecast of dynamics of changes in ukrainian GDP in % for 2022-2025 in relation to previous period

Forecast of dynamics of changes in ukrainian GDP in % for 2022-2025 in relation to previous period

Source: Open4Business.com.ua and experts.news