Number of unemployed in Ukraine and job opportunities, July 20 – Sept 21
The Ministry of Trade and Industry of the Arab Republic of Egypt has canceled preventive import duties on steel billets, rebar and aluminum products regardless the country of origin, including from Ukraine.According to an official posting on the website of the Egyptian Ministry, Minister of Trade and Industry Nevin Gamea has issued two orders to terminate resolutions No. 907 of 2019 and No. 168 of 2021, introducing preventive measures against the import of steel billets, rebar and aluminum products.According to this information, these two decisions come into force the next day after their publication in the Egyptian Gazette.As the minister explained, both decisions were made to support the sectors of the economy due to high inflation rates, growth in energy, materials and to meet the production needs of Egyptian companies.In turn, Ibrahim al Seginy, Assistant Minister for Economic Affairs and Head of the Commercial Processing Sector, explained that the sector received a number of complaints from the local industry, as the introduction of preventive duties affected these sectors. At the same time, it was recorded that there was a significant increase in prices for these goods, as well as the lack of a sufficient number of local substitute products to meet the needs of the local market. It also affected the high cost of finished goods, which negatively affects the competitiveness of Egyptian exports.According to the Ministry of Economy of Ukraine, on April 15, 2019, Egypt announced the introduction of temporary protective duties on steel products (for fittings in the amount of 17-25%, semi-finished products made of iron and unalloyed steel – 10-16%, depending on the price).This measure was introduced by Egypt to protect local steel producers from an increase in steel supplies to the country after the closure of the American market (as a result of the US government’s imposition of barrage measures on steel and retaliatory measures from other countries, including the EU). These restrictions were supposed to be valid until April 11, 2022.
The Verkhovna Rada at its meeting on Tuesday, with 302 votes, supported bill No.3504 on mediation at second reading. The bill defines the legal framework and procedure for mediation in Ukraine. In particular, the mediation procedure will be applied in any conflicts (disputes) arising in civil, family, labor, economic, administrative legal relations, as well as in criminal proceedings when drawing up agreements on reconciliation between the victim and the suspect, the accused, and other areas of public relations.According to the explanatory note to the document, individuals and legal entities can apply to a mediator for mediation both before going to court, the Arbitration Court, International Commercial Arbitration, and during judicial, arbitration or arbitration proceedings or during the execution of the decision of the listed courts.Mediation will be carried out by mutual agreement of the parties to the mediation in accordance with the principles of voluntariness, confidentiality, independence and neutrality, impartiality of the mediator.The status of a mediator can be obtained by any individual who has a higher education and has completed basic training in the are of mediation in Ukraine or abroad.
Delta Wilmar Ukraine LLC, a member of the group of the transnational corporation Wilmar International, on November 15 at the plant in the village of Novi Biliary (Odesa region) launched the tenth line for bottling sunflower oil under the Chumak brand, which will also become the second line for filling oil in containers of 1.8 liters, 3 liters and 5 liters, according to the company’s Facebook page.According to him, the sales market for products in containers of increased volumes is the Middle East and Africa, where people live mainly in large families and, accordingly, buy oil in large containers.The sunflower oil producer specified that its products are exported to 40 countries of the world.As reported, Delta Wilmar in 2020 opened a new workshop for processing and packaging margarine and fat products at an enterprise in Odesa region, investments in which amounted to more than $ 29 million.Delta Wilmar Ukraine LLC is part of the group of the transnational agro-industrial corporation Wilmar International, the market capitalization of which is estimated at $ 22 billion.In Ukraine, it owns two plants – one for processing tropical oils, the other for processing oilseeds, as well as a complex for transshipment of vegetable oils in Pivdenny port. All enterprises are located in the village of Novi Biliary, 30 km from Odesa.In the 2020/2021 marketing year (September-August), the company produced 153,000 tonnes of refined sunflower oil, its share in the Ukrainian product market was 16.6%.
Ovostar Union, one of the leading producers of eggs and egg products in Ukraine, in January-September 2021 received $2.85 million in net profit, which is a quarter less than for the same period in 2020, its EBITDA decreased by 29% – to $5.4 million.According to the company’s report, published on the website of the Warsaw Stock Exchange, Ovostar’s revenue for the nine months of 2021 increased by 39% – to $94.36 million, its gross profit decreased by 5% – to $10.95 million, operating profit – by 51%, to $2.22 million“In the nine months ended September 30, 2021, the increase in fixed assets of the group of companies amounted to $570,000 (September 30, 2020: $2.21 million). In particular, the group purchased equipment for poultry houses for $420,000 and allocated $156,000 for capital expenditures,” the report explains. The document states that the assets of the agricultural holding as of September 30, 2021 increased by 8% compared to the same date last year, to $142 million, its long-term debt liabilities increased by 19.6%, to $6.99 million, and the current ones decreased by 2%, to $21 million.
KSG Agro agricultural holding in January-September 2021 increased its net profit 3.6 times compared to January-September 2020, to $17.28 million, EBITDA increased by 10%, to $7.35 million.According to a report of the holding on the website of the Warsaw Stock Exchange on Monday, its revenue for the specified period increased by 43%, to $20.94 million.KSG Agro for the reporting period increased its gross profit by 8%, to $ 7.3 million, and operating profit – by 11%, to $6.15 million.In addition, the group of companies received $1.2 million in net profit due to the difference in exchange rates, while in January-September 2020 this factor generated $1.9 million in net loss.“As of December 31, 2020, the total amount of bank loans in foreign currency was $12.2 million. To mitigate foreign exchange risks, the management organized a change in foreign currency loans from TAScombank by switching from a fixed interest rate to a variable rate,” the group said in a statement.According to the report, the working capital of the agricultural producer as of September 30 this year increased by 6 times compared to September 30, 2020, from $1.1 million to $6 million.Over nine months of this year, the agricultural holding reduced profit in the crop segment by 21% compared to January-September 2021, to $5.37 million, while in the livestock segment it increased 2.5 times, to $1.47 million. In the segment “other operations” (production of fuel pellets and thermal energy), KSG Agro received $460,000 in net profit versus $430,000 in net loss over the same period in 2020.As of November 5, 2021, the agricultural holding harvested 30,550 tonnes of wheat; 19,550 tonnes of sunflower seeds; 8,561 tonnes of barley; 7,758 tonnes of corn and 760 tonnes of rapeseed.According to the report, the number of sows at KSG Agro in January-September 2021 increased by 8.7%, to 5,870. At the same time, the total number of animals (pigs and piglets) for the specified period decreased by 0.6%, to 41,130.“In 2021, the group of companies began a project to gradually renew the sow population in Ukraine in order to increase the birth rate of piglets. To this end, it works with the Canadian genetic company Genesus. In September 2021, the group has already received the first batch of sows from Genesus,” the agricultural holding said in the report.The group of companies over nine months of 2021 increased pork sales by a quarter compared to January-September 2020, in dollar terms, sales amounted to $3.13 million.The vertically integrated holding KSG Agro is engaged in pig breeding, as well as in production, storage, processing and sale of grain and oilseeds. Its land bank is about 21,000 hectares.According to the agricultural holding itself, it is one of the top five pork producers in Ukraine.
