For 9 months of the year, the group’s foreign exchange earnings reached $1.3 billion and have growth potential. But there are some conditions for this, said the financial director of Metinvest.
Safe maritime transportation, financing of small and medium-sized steel buyers, easing of customs procedures, expansion of the range of export goods, as well as assistance in the certification of Ukrainian products in the markets in the world can increase the flow of foreign currency into the country from the export of metal products of Ukrainian metallurgists. This opinion was expressed by the financial director of the Metinvest group, Yulia Dankova, at the Export Credit Forum 2023 in Kyiv.
According to him, during the 9 months of the year, Metinvest group’s foreign exchange earnings reached $1.3 billion and there is growth potential.
“The very first factor that contributes to the growth of foreign exchange earnings is the safe shipping of products across the Black Sea. We must have the constant possibility of the arrival of ships, insurance of these ships and the ability cooperate with financial institutions,” Dankova emphasized.
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“The second factor is the possibility of obtaining financing for small and medium-sized Ukrainian companies that consume metal products. And the third is the solution to the issue of customs clearance of goods passing through European countries and the expansion of the range of non-raw. groups of material products according to the KVED codes supported by the Export Credit Agency. List of products “from metal covers only pipes and does not contain flat and long products – products with high added value. Also, recognition of Ukrainian quality certificates or assistance in certifying products in the markets of other countries will help promote the domestic product in the world,” added the financial director of Metinvest.
The Export Credit Forum 2023 is organized by the Export Credit Agency in cooperation with the Ministry of Economy of Ukraine with the support of the USAID Competitive Economy of Ukraine program. The work was attended by the Minister of Economy of Ukraine Yulia Sviridenko, heads of the Verkhovna Rada Committee on Economic Policy, representatives of banks, international partners and export companies.
Let’s remember that earlier foreign media recognized the main problems of Ukrainian metallurgists.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.