Business news from Ukraine

Business news from Ukraine

Ukrainian metallurgical enterprises increased exports of steel products to $152 mln in January-February

In January-February 2024, Ukrainian metallurgical enterprises increased their exports of steel products by 3.7% to $152.383 million. In February, they were exported for $88.056 million.

According to statistics released by the State Customs Service, imports of metal products increased by 33.4% to $144.769 million. In February, these products were imported for $72.123 million.

As reported earlier, in 2023, Ukraine’s steelmaking companies reduced revenues from exports of ferrous metals by 41.59% compared to 2022, to $2 billion 647.722 million, with ferrous metals accounting for 7.32% of total revenues from exports of goods in this period, while in 2022 the share was 10.26%. At the same time, in 2023, Ukraine increased imports of similar products by 37% to $1 billion 307.046 million.

In addition, last year, Ukraine reduced exports of metal products by 16.6% year-on-year to $877.916 million. At the same time, imports of metal products increased by 40.3% to $902.565 million during this period.

In 2022, Ukraine decreased revenues from ferrous metal exports by 67.5% compared to 2021, to $4 billion 533.088 million. During this period, ferrous metals accounted for 10.26% of total revenues from exports of goods, compared to 20.49% in 2021. At the same time, in 2022, Ukraine 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 fell by 42.9% to $643.162 million over the year.

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In January-February, Ukrainian steelmakers increased revenues from ferrous metal exports by 46% to $522 mln

In January-February of this year, Ukrainian steelmakers increased revenues from exports of ferrous metals by 46.3% year-on-year to $522.519 million.

According to statistics released by the State Customs Service (SCS) on Wednesday, ferrous metals accounted for 7.67% of total export revenues during this period, compared to 5.53% in January-February 2023.

In February, revenues from exports of ferrous metals amounted to $248.443 million.

At the same time, Ukraine increased imports of similar products by 35.6% to $221.529 million in January-February this year. In February, the country imported products worth $112.114 million.

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Ministry of Health of Ukraine and USAID have launched all-Ukrainian online patient survey

The Ministry of Health of Ukraine and the USAID Healthcare Reform Support Project have launched an all-Ukrainian online sociological survey of patients called “Patient Voice”.

According to the Ministry on its website, the survey will allow to explore the experience of Ukrainian patients with the medical system to assess the perception of changes in the healthcare system.

The Ministry of Health reminds that in March-September 2024, the Voice of Healthcare Workers survey will also be conducted.

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European Commission has paid first EUR4.5 bln from fund totaling EUR50 bln

European Union High Representative for Foreign Affairs and Security Policy Josep Borrell says that the European Commission has paid the first EUR4.5bn from the Ukrainian fund totaling EUR50bn.

He made the announcement on Wednesday in Brussels at a press conference at the end of the EU-Ukraine Association Council.

“Today we made the first disbursement of EUR4.5bn from the EUR50bn Ukrainian Aid Fund to support Ukraine’s recovery, reconstruction and modernization. Tomorrow the European Council will discuss how to further accelerate Ukraine’s accession (to the EU),” Borrell said.

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Polish authorities to ban transit of Ukrainian agricultural products from April 1 – Polish mass media

Polish authorities have agreed with farmers on subsidies per ton of grain and temporary closure of the border with Ukraine from April 1 for the transit of some agricultural products, polskieradio24.pl reported.

According to the newspaper, the document was signed by representatives of the protesting farmers, Agriculture Minister Czeslaw Seckerski and the ministry’s state secretary Michal Kolodziejczak.

The agreement envisages maintaining the current embargo on agricultural products from Ukraine, which has been in place since mid-September last year. It concerns in particular wheat, corn, wheat flour, rapeseed and sunflower.

In addition, the Minister of Agriculture must ask the Council of Ministers of the European Union to suspend the transit of these products through Polish territory as of April 1 this year.

Both sides in the signed document also consider it necessary to develop detailed rules for agri-food trade between Poland and Ukraine, but also note that the difficult situation in agriculture is the result of Russia’s aggression against Ukraine.

Farmers’ representatives in the agreement declare their government’s support for the changes to the Green Agreement. It is primarily about replacing the mandatory transfer to a voluntary ecosystem and simplifying other rules for farmers.

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TAS Insurance Group has attracted UAH 312 mln of insurance premiums in February 2024

In February 2024, TAS Insurance Group has attracted UAH 312.2 mln of insurance premiums, which is 47% higher than the amount of payments collected for the same period a year earlier.

According to the company’s website, premiums on CASCO amounted to 21.61% of the total volume, or UAH 67.47 mln, which is 26.8% higher than the corresponding figure for February 2023, on MTPL – 31.9%, or UAH 99.57 mln (+37.1%), on “Green Card” – 26.95%, or UAH 84.04 mln (+76.4%), on voluntary medical insurance – 10.2%, or UAH 31.7 mln (+97.6%).

At the same time, UAH 6,24 mln of payments have been collected under property insurance contracts, under other insurance contracts SG “TAS” has attracted UAH 23,14 mln during the reporting period.

IG “TAS” was registered in 1998. It is a universal company, offers more than 80 types of insurance products on various types of voluntary and compulsory insurance. It has an extensive regional network of 28 regional directorates and branches.

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