Business news from Ukraine

Business news from Ukraine

Ukrainian enterprises in January-August 2024 exported zinc for $201 thsd.

Ukrainian enterprises in January-August of this year exported zinc for $201 thousand (in August – $79 thousand), while in January-August 2023 the indicators amounted to $88 thousand.
Ukraine in 2023 increased imports of zinc and zinc products – by 18.8%, up to $45.966 mln. Zinc was supplied abroad in 2023 for $130 thousand against $1.331 mln in 2022.
Pure metallic zinc is used to restore noble metals, used to protect steel from corrosion and for other purposes.

 

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Ukraine has increased purchases of tin by 7.8% in 8 months – statistics

Ukrainian enterprises in January-August of this year increased imports of tin and tin products by 7.8% – up to $1.842 mln (in August – $307 thousand).
Exports of tin and products amounted to $344 thousand ($2 thousand in August) against $53 thousand in the same period a year earlier.
Tin is used primarily as a safe, non-toxic coating in pure form or in alloys with other metals. The main industrial applications of tin are in white tinplate (tin-plated iron) for food containers, in solder for electronics, in house piping, in bearing alloys and in coatings made of tin and its alloys. The most important alloy of tin is bronze (with copper). Another well-known alloy – pewter – is used for the manufacture of tableware.

 

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Ukraine has increased aluminum imports by 20% to almost $300 mln for 8 months

Ukrainian enterprises in January-August this year increased imports of aluminum and aluminum products – by 20%, up to $292.701 million (in August – $42.649 million).
Exports of aluminum and aluminum products for the first eight months of 2024 increased by 31.1% compared to the comparable period a year earlier – to $82.966 million (in August – $11.901 million).
Ukraine’s imports of aluminum and aluminum products in 2023 increased by 7.7% to $366.463 million, while exports of aluminum and aluminum products in 2023 increased by 0.7% compared to 2022 to $97.616 million.

 

 

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Germany to provide Ukraine with additional EUR100m in aid this winter

Germany will provide Ukraine with an additional EUR100 million in aid this winter, Reuters quoted the country’s Foreign Minister Annalena Berbock as saying.

During a visit to Moldova on Tuesday, she said that Russia continues to attack the Ukrainian energy infrastructure and is planning a “winter war to make the lives of people in Ukraine as horrible as possible.”

As reported, Russian Federation fired 127 missiles and 109 attack drones on the territory of Ukraine on August 26, 2024. The NEC Ukrenergo recognized this attack on energy facilities as the most large-scale one since the beginning of the war.

At the same time, Russian attacks on the Ukrainian energy infrastructure are recorded almost daily.

 

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Ukrainian metallurgical enterprises in January-August increased foreign currency earnings from ferrous metal exports to $2 bln

Metallurgical enterprises of Ukraine in January-August of this year increased revenues from exports of ferrous metals by 13.5% compared to the same period last year – up to $2 billion 66.849 million.
According to statistics released by the State Customs Service (SCS) on Friday, ferrous metals accounted for 7.49% of total receipts from exports of goods during this period against 7.44% in January-August-2023.
Ferrous metals export earnings totaled $314.901 million in August, compared to $285.516 million in the previous month.

 

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Ukrainian Foreign Minister: It is important that EU budget for 2028-2034 already reflects logic of Ukraine’s enlargement and membership in EU.

Long-term budget programs of the European Union should take into account Ukraine’s future membership in the EU, Ukrainian Foreign Minister Andriy Sibiga stressed.

During a discussion at the 20th Yalta European Strategy (YES) meeting in Kiev, the minister said that Ukraine needs macro-financial assistance and long-term support programs. According to him, the EU needs to build its policy now “through the paradigm that Ukraine is already a member of the European Union.”

“In accordance with the EU procedures, the process of preparing a 7-year budget for 2028-2034 starts in February 2025. It is very important that this budget already reflects this philosophy and logic. The logic of Ukraine’s enlargement and membership in the EU. This is very, very important, and we hope that our partners support this project,” Sibiga said.

According to the foreign minister, after World War II, one of the key goals of the founding of the EU was “to overcome war as a way of thinking and politics, and this idea remains relevant today.”

“There must be a clear realization that only Ukraine’s victory guarantees a secure future for Europe. We must be more decisive, act faster and with more confidence in our decision-making. Europe must also build up its defense capabilities,” he said.

Sibiga also assured European partners of Ukraine’s responsible work on the way to unification of domestic and foreign policy with the EU and careful fulfillment of its “homework”.

“In the field of foreign policy, Ukraine will ensure full harmonization with the EU and aims to join 100 percent of EU statements,” he said.

 

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