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Business
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.
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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.
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Nestlé’s production in Ukraine drops 5% in 2023 vs. 15% in 2022
KYIV, Sept 25 – Nestlé 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 Nestlé in Ukraine and South-Eastern Europe Alessandro Zanelli told Interfax-Ukraine on the sidelines of the European Business Association (EBA) conference.
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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.
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Archive of Business
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Currencies (in hryvnias) |
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29.11.2024 |
prev |
USD |
41.60 |
41.60 |
RUR |
0.383 |
0.370 |
EUR |
42.86 |
42.80 |
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Stock Market |
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28.11.2024 |
prev |
PFTS |
507.0 |
507.0 |
source: PFTS |
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