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Ukraine - Latest news GMK Center

Photo – Export of iron ore from Ukraine in the second half of the year may fall by 2.7 million tons – GMK Center
Export of iron ore from Ukraine in the second half of the year may fall by 2.7 million tons – GMK Center

This is due to the increase in electricity prices, as well as the expected weakening of iron ore prices in China

Photo – Purchases of imported electricity for business should be weighed – expert
Purchases of imported electricity for business should be weighed – expert

In June 2024, the import of electricity to Ukraine increased to 850 million kWh

Photo – Ukraine exported 55 million tons of cargo via the sea corridor
Ukraine exported 55 million tons of cargo via the sea corridor

During the 10 months of operation of the sea corridor, 1,954 vessels were loaded

Photo – Construction works performed in Ukraine  increased by 40.3% y/y in Q1
Construction works performed in Ukraine increased by 40.3% y/y in Q1

Engineering structures became the driver of construction growth during this period, increasing the indicator by 48.2% y/y

Photo – Ukraine approves National Energy and Climate Plan
Ukraine approves National Energy and Climate Plan

The document is aimed at harmonizing environmental, energy and economic policies for sustainable development

Photo – The Cabinet of Ministers approved the procedure for using the state decarbonization fund
The Cabinet of Ministers approved the procedure for using the state decarbonization fund

The budgetary funds accumulated in the fund will be used in several areas

Photo – The Government recommends the NBU to extend the term for repatriation of foreign currency earnings in a number of sectors
The Government recommends the NBU to extend the term for repatriation of foreign currency earnings in a number of sectors

In particular, it is about settlement terms for export-import of steel and engineering products

Photo – Ukraine and the EU extended the transport visa-free regime
Ukraine and the EU extended the transport visa-free regime

The document provides for the possibility of automatic extension of the agreement until the end of 2025

Photo – Every company should have a contingency plan for energy supply
Every company should have a contingency plan for energy supply

Available business opportunities include the installation of gas reciprocating and gas turbine power plants

Photo – Low demand and rising Chinese imports: what’s happening in the Ukrainian seamless stainless steel pipe market?
Low demand and rising Chinese imports: what’s happening in the Ukrainian seamless stainless steel pipe market?

In 2023, the seamless stainless steel pipe market fell by more than three times compared to pre-war levels

Photo – Turkey imported 618 thousand tons of iron ore from Ukraine in January-April
Turkey imported 618 thousand tons of iron ore from Ukraine in January-April

The total import of ZRS by Turkish consumers during the period amounted to 3.6 million tons

Photo – ECA supported UAH 2.93 billion of exports in 5 months
ECA supported UAH 2.93 billion of exports in 5 months

This is twice as much as in the same period last year

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