Business news from Ukraine

Business news from Ukraine

May is Melanoma Diagnosis Month

According to the World Health Organization, 48,000 people around the world die of melanoma every year. It is one of the most dangerous types of cancer, because despite the small size of the primary tumor, it can quickly spread to any organs. Although once thought to be a disease of advanced years, it is now often diagnosed among people in their 30s and 50s. Also, women have melanoma more often than men.

Melanoma develops from melanocytes, which normally synthesize pigment to protect our skin from the effects of ultraviolet radiation, meaning sunlight.

95% of melanomas are caused by overexposure to ultraviolet radiation.

The risk of melanoma is increased in people who have:
– a history of sunburn, especially in childhood and adolescence;
– light skin, red hair, blue eyes (light skin phototype (Fitzpatrick I,II phototype);
– many moles (more than 50) or atypical moles;
– family history of melanoma, especially if the disease developed at a young age (i.e., under age 40);
– Age 50 or older;
– Previously diagnosed skin cancer, including basal cell cancer or squamous cell cancer.

How can you protect yourself and prevent the development of skin cancer?

Follow the basic rules of prevention:
-Avoid sunburns;
-Use protective creams;
-Examine your skin regularly and seek medical attention promptly for any changes.

When examining the skin, pay attention to changes in the size of moles, asymmetry of their edges, color changes, bleeding, pain or discomfort around the mole, formations that differ from other formations on the skin.

If you notice these signs of melanoma in time and contact a dermatologist or dermatologist – the development of the disease can be prevented.
Any skin growth must be removed with histological verification of the diagnosis. For this purpose CSD LAB Medical Laboratory performs histological tests, which help to determine if the neoplasm is benign or malignant.
And the exact results of the laboratory tests are the guarantee of a correct diagnosis and the selection of an effective therapy.

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“Agroliga” increased its net profit by 70.5%

Agroliga group (Kharkiv region) made net profit of EUR0.77 mln in January-March 2023, a 70.5% increase from January-March 2022.
According to the company’s report on the Warsaw Stock Exchange on Tuesday, its first-quarter revenue rose 32.4% to EUR12.91 million.
However, due to higher cost of sales, gross profit rose less, by 11.3% to EUR2.33 million, while distribution costs, which increased 4.2 times to EUR1.01 million, also caused a 36.1% drop in operating profit to EUR1.11 million.
The Agroholding notes that its free cash flow at the end of the first quarter stood at EUR1.67 million, compared with EUR1.74 million at the end of 2022.
The main shareholders of the group are Alexander Berdnik and Irina Poplavskaya with 41.66% each, and 16.68% of the shares are in free float.
As it was reported, Agroliga group received net loss of EUR2.21 million in 2022, compared to net profit of EUR8.13 million a year earlier, which was due to the Russian full-scale aggression. Its revenue grew by 18.9% to EUR47.46 million.
In its annual report the agroholding said it operates about 8 thnd hectares of land, a pressing oil plant with 42 thnd mtpa crushing capacity and an oil extraction plant with 100-180 thnd mtpa sunflower seed processing capacity, which can also produce soybean and rapeseed oil.
In addition, the group completed construction of power facilities that operate at a “green” tariff and ensure zero-waste production.

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Iceland will hand over field hospital for Ukrainian military

The Icelandic Parliament has supported the proposal to transfer a field hospital for the Ukrainian military, Prime Minister of Iceland Katrin Jacobsdottir said.
“All parties in the Icelandic parliament have united in a proposal for Iceland to hand over a field hospital to Ukraine,” she tweeted Monday.
“We remain committed to supporting the Ukrainian people: this gesture is a symbol of our continued solidarity,” summarized Katrin Jacobsdottir.

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Oil prices rise, Brent at $75.6 barrel

Oil prices are rising on Tuesday morning after a rebound in the previous session, while before that quotations had been falling for three days in a row.
The price of July futures for Brent on London’s ICE Futures Exchange stood at $75.57 per barrel by 8:07 a.m., $0.34 (0.45%) above the close of the previous session. Those contracts rose $1.06 (1.4%) to $75.23 a barrel on Monday.
The price of WTI futures for June oil grew by $0.27 (0.38%) to $71.38 per barrel at electronic auctions of New York Mercantile Exchange (NYMEX) by that time. The day before the contracts value grew by $1.07 (1.5%) to $71.11 per barrel.
The strong macroeconomic data from China were a positive factor for the market, though it turned out to be worse than the market forecasts.
As it was reported, the industrial production in China in April increased by 5.6% compared to the same month last year after growth by 3.9% in March. Meanwhile, retail sales soared 18.4% last month after rising 10.6% a month earlier.
Analysts on average had forecast a 10.9% increase in industrial production and a 21% increase in retail sales, according to Trading Economics.
Also, the market is supported by hopes that the White House and Congress will be able to agree on raising the U.S. debt ceiling.
Negotiations on the debt ceiling between President Joe Biden and Republican House Speaker Kevin McCarthy are expected to resume on Tuesday.
Meanwhile, the U.S. Department of Energy announced plans to buy up to 3 million barrels of oil to replenish the strategic reserve. Last spring, Biden announced the sale of 180 million barrels from the reserve to combat fuel shortages in the market.
As of May 5, the volume of oil reserves in the strategic reserve was 362 million barrels, while the maximum possible level was 713 million barrels. The current figure is the lowest since the 1980s, writes MarketWatch.

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Changes in revenue of consolidated budget in 2021-2023 (%)

Changes in revenue of consolidated budget in 2021-2023 (%)

Source: Open4Business.com.ua and experts.news

Ukraine cancels export licensing for many food products

Ukraine has abolished the need to obtain licenses for the export of live cattle, chicken, frozen beef as well as meat and edible meat by-products and flour from them.
Corresponding changes to the list of goods, export and import of which in 2023 are subject to licensing, made by the decision of the Cabinet of Ministers № 472 of May 12, published on its website.
In addition, the liberalization affected the export of eggs, rye, oats and millet.
At the same time, exports of buckwheat, sugar and mineral fertilizers are still subject to licensing.

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