Business news from Ukraine

Yuzhkoks has a new leader

Vitaliy Litovka, a representative of the Metinvest mining and metallurgical group, has been appointed General Director of PJSC Yuzhkoks (Kamenskoye, Dnepropetrovsk region), previously he held a similar position at PJSC Avdeevsky Coke and Chemical Plant (AKKhZ).
According to the official announcement of the Supervisory Board of the company, Litovka was appointed CEO on September 2, 2022 for the period from September 5, 2022 to April 4, 2023 inclusive.
At the same time, it is specified that earlier Litovka was the general director of AKHZ until September 2022.
The authorized capital of PJSC “Yuzhkoks” is UAH 171.918 million, the par value of the share is UAH 0.25.


Three candidates will continue to fight for role of leader of British Conservatives

Former UK Minister for Equality and Local Self-Government Kemi Badenoch dropped out of the race for the post of leader of the Conservative Party and, accordingly, the country’s prime minister, following the results of the fourth round of elections, three candidates continue to fight, Sky News reports.
The results of the vote were announced by the head of the so-called “committee 1922” (a parliamentary group from the Conservative Party in the House of Commons of Great Britain), Sir Graham Brady, on the air of Sky News. According to him, Badenoch received the fewest votes during the election race (59). The TV channel, for its part, notes that in the fourth round of voting, she won only one vote.
The race is still led by former Finance Minister Rishi Sunak with 118 votes, while in the last round of elections he enlisted the support of only three votes. In addition to him, two more candidates continue to fight – Junior Trade Policy Minister Penny Mordaunt (92 votes) and Foreign Minister Liz Truss (86 votes). Mordaunt and Truss received 10 and 15 votes respectively in this round.
Brady added that one tainted ballot was found.
The final – fifth – round of voting is scheduled for Wednesday, it will be held from 13:00 to 15:00 local time.

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The primary registrations of imported used cars in Ukraine in January-June 2019 totaled 250,100, which is almost six times more than a year ago, the Ukrautoprom association has reported.
The Volkswagen brand remains the leader of registrations in the first six months of 2019 (48,793), Opel is in the second position (24,414), Audi is third (19,072), Renault is fourth (18,822), and Skoda is fifth (17,766.).
According to the association, in June, the Ukrainians registered 19,200 imported used cars, which was the lowest since the beginning of the year, but compared to June last year, registration increased 2.2-fold.
Cars aged from 5 to 10 accounted for the largest share in the registrations of used imported cars – 46%. Cars older than 10 years covered 35% of the June market, the remaining 19% were cars under the age of five years.
The most popular Volkswagen brand registered 2,960 vehicles last month, followed by Skoda (1,742), Renault (1,588), Ford (1,393) and Opel (1,321).

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Ukraine in January-March 2018 increased its own production of petroleum products by 12%, in the petrol segment Ukrainian oil refineries reached a leading position in the domestic market, according to a study conducted by the A-95 Consulting Group (Kyiv). “For the first time since 2015, Ukrainian producers became leaders in the petrol market: in the first quarter of 2018 they accounted for 45.3% of the market, while in the same period of 2017 it was 42%. The largest supplier of petrol, Belarus, by the end of the quarter had 40.8% of the market, while in 2017 it had 47% of the market and in 2016 – 54%,” the press service of the A-95 group said.
In general, according to the company experts, the production of petrol by Ukrainian refineries in the first three months of the year increased 3.5%, to 195,400 tonnes.
In turn, domestic production of diesel fuel for this period increased by 23.6%, to 178,100 tonnes. Thus, the share of domestic manufacturers in the diesel fuel market increased to 14.2% in the first quarter of 2018 from 13.2% in the first quarter of 2017.
In general, in 2017, Ukrainian producers occupied 13% of the diesel fuel market, in 2016 – 11%.
The main increase in production, according to the A-95 group, was provided by the Kremenchuk oil refinery (Ukrtatnafta), increasing the output of diesel fuel by 27%, to 155,100 tonnes, petrol – by 7.7%, to 169,000 tonnes. In turn, Shebelynka gas refinery (Ukrgazvydobuvannia) increased diesel fuel production by 5.5%, to about 23,000 tonnes, but reduced petrol output by 17%, to 26,300 tonnes. “This was caused by a situational switch to the release of more liquid export positions in conditions of overstocking of the domestic market with petrol and a protracted winter with a reduced consumption of motor fuels,” the A-95 group said.
The petrol market in the first quarter of this year continued to decline: in comparison with the same period last year, the volume of deliveries decreased by 4.1%, to 431,000 tonnes. “The main reason for the decline is the switch of car owners to liquefied gas: its supplies increased by 17.3%,” the press service said.
The market of diesel fuel in January-March 2018, according to experts, increased 14.7%, to 1.252 million tonnes. The largest supplier of diesel fuel to the Ukrainian market was Russia, providing 42% of the balance sheet, the share of Belarusian producers was 33%, other suppliers – 10.5%. According to the A-95 experts, Ukrainian producers have all the opportunities for further growth in the market.

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