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                        FRIDAY, NOVEMBER 29, 2024
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UJ Week
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     Business    

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ArcelorMittal Kryvyi Rih is forced to reduce steel production in Q4: CEO

KYIV, Sept 25 – Due to difficult market conditions, ArcelorMittal Kryvyi Rih (AMKR), a mining and metallurgical plant in Dnipropetrovsk region, is forced to reduce production volumes and will operate only one blast furnace in the fourth quarter of this year. However, no staff cuts are planned, according to the company's CEO Mauro Longobardo in his address to employees regarding the state of the enterprise and future plans.


Ukraine’s exports up 15% on year to $32-bln in Jan-Aug

KYIV, Sept 25 - Export revenues in January-August 2024 increased by 15% compared to the same period in 2023 - to $32 billion, said Deputy Governor of the National Bank of Ukraine (NBU) Serhiy Nikolaychuk.


Ukrainian businesses call on govt to scrap plans to boost taxes on banks

KYIV, Sept 25 – The business community calls on the Cabinet of Ministers and the Verkhovna Rada to refrain from introducing drastic changes in tax policy, in particular, increasing windfall tax for banks, and to ensure the stability of the economic system, the organizations said in a joint statement.


Nestlé’s production in Ukraine drops 5% in 2023 vs. 15% in 2022

KYIV, Sept 25 – Nestl&#233; in Ukraine this year has reduced the rate of decline in production volumes to 5% from 15% last year, and intends to return to growth in 2024, CEO of Nestl&#233; in Ukraine and South-Eastern Europe Alessandro Zanelli told Interfax-Ukraine on the sidelines of the European Business Association (EBA) conference.


Azovinvestprom begins first phase of 42.5 MW Zofia wind farm in Zaporizhia

KYIV, Sept 25 – Azovinvestprom LLC has started implementing the first phase of the Zofia wind farm with a capacity of 42.5 MW in Zaporizhia region, according to a posting on the website of the unified register of environmental impact assessments.


Ukraine’s economy is expected to grow 3.5% on year in Q3, analysts say

KYIV, Sept 25 – The growth of Ukraine's real gross domestic product (GDP) in the third quarter of 2019 could slow down to 3.4%-3.5% year-on-year compared to 4.6% in the second quarter, analysts said.


Foreign investors withdraw from Ukrainian real estate, analyst says

KYIV, Sept 24 – The low standard of quality in the commercial real estate market in Ukraine and a lack of systemic changes are the result of withdrawal of foreign investors, Serhiy Serhiyenko, the managing partner of CBRE Ukraine, has said at the meeting "Global Review of Ukraine's Economy" in Kyiv.


Odessa Port-Side to bid at $150 million, down from $527 million

KIEV, Sept. 23 - The Ukrainian government and Prime Minister Volodymyr Hroysman have supported the reduction in the starting price of Odessa port-side chemical plant at a privatization tender to $150 million, State Property Fund head Ihor Bilous said.


World Bank keeps Ukraine growth forecast but warns Kiev on corruption

KIEV, Sept. 22 - The World Bank kept its forecasts for Ukraine's economy unchanged, seeing growth of 1 percent in 2016 and 2 percent in 2017, but warned that a sustainable recovery hinged on a commitment to root out corruption and improve governance, Reuters reported.


Naftogaz control shifted from trade ministry to cabinet of ministers

KIEV, Sept. 22 – Management of Naftogaz Ukrayiny has been moved from the Economic Development and Trade Ministry to Ukraine's Cabinet of Ministers.

The decision was made by the government at a Thursday meeting.


    Archive of Business
Currencies (in hryvnias)
  29.11.2024 prev
USD 41.60 41.60
RUR 0.383 0.370
EUR 42.86 42.80

Stock Market
  28.11.2024 prev
PFTS 507.0 507.0
source: PFTS

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