Ukraine exported furniture worth $578.85 million in January-August 2021, which is 62.5% more than the same period last year, head of the cluster platform of the Ukrainian Association of Furniture Manufacturers Oksana Donska told Interfax-Ukraine.
“The large share of Ukrainian furniture exports falls on the EU countries [87.9% of the total], while the CIS countries account for 7.9%, Asia – 2.1%, and America – 1%,” Donska said.
According to the expert, Poland, Germany, Denmark, Austria and Belgium are among the top five exporting countries of Ukrainian furniture and their parts.
“Exports to Romania have grown significantly this year – by 85.8%, from $9.1 million to $16.9 million, to the UK – by 140%, from $4.7 million to $11.4 million, and to France – by 84.9%, from $7.8 million to $14.4 million,” Donska said.
According to the data of the State Customs Service, to which the expert refers, the leaders in the commodity structure of exports are: 23.7% – wooden furniture (9403 60), and 23% – parts of furniture for seating (9401 90). Convertible sofas and armchairs (9401 40) gave 10.4% of exports, furniture parts (9403 90) – 10.2%, wooden bedroom furniture (9403 50) – 7.2%, and upholstered furniture that cannot be converted into beds (9401 61) – 6.9%.
The largest export volumes go through Lviv customs – 45.5%. In second place is Volyn customs (8.3%), followed by Kyiv and Rivne customs (7.9% and 6.8%, respectively).
Currently, most of the export is carried out by land transport (95.6%). At the same time, Donska noted that the development of business relations with the countries of the Middle East and America, which the Furniture of Ukraine Business Expo team is actively working on, will influence an increase in the number of orders for delivery by sea.
The Ukrainian Association of Furniture Manufacturers was established in 2001 and brings together entrepreneurs and enterprises operating in the furniture market.
National bank of Ukraine’s official rates as of 03/09/21
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of September 03
One troy ounce=31.10 grams
The United States may provide Ukraine with a credit line totaling $4 billion for the period 2022-2030 to reform the system of public administration in the irrigation industry, as well as to attract investments in the renovation and modernization of irrigation infrastructure facilities.
The relevant information was published by deputy of the Verkhovna Rada from the European Solidarity faction Oleksiy Honcharenko on the Telegram channel, who presented a list of possible Ukrainian-American projects presented by President of Ukraine Volodymyr Zelensky during his working visit to the United States.
According to the deputy, Ukraine applied to the United States for a loan of $4 billion for the period 2022-2030 for the implementation of the project to restore the engineering infrastructure of irrigation systems and the development of irrigated agriculture in Ukraine, since the country’s financial capabilities do not allow it to independently implement this project.
As reported, on Thursday, Minister of Agricultural Policy and Food Roman Leshchenko said that large international agricultural companies Cargill and Lindsay had confirmed their desire to assist in the implementation of irrigation reform in Ukraine, since they see this project as a long-term strategic perspective. According to him, the ministry is negotiating with companies from Israel, the US, France and China regarding public-private cooperation in the reconstruction of irrigation systems in the southern regions of Ukraine.
In April 2021, the Cabinet of Ministers called on the restoration of irrigation systems for agricultural lands in the southern regions of the country by the end of this year.
The restoration of the reclamation industry has become a national project until 2024. In 2021, the Ministry of Agrarian Policy launches a pilot project to restore irrigation systems in Odesa, Kherson, Mykolaiv and Zaporizhia regions.
Ukrainian Serhii Yemelianov has won gold medal in a single kayak rowing of class KL3 at 200 meters at the Paralympics in Tokyo.
“He wins by centimetres! Serhii Yemelianov from Ukraine takes ‘gold’ in the men’s KL3 final canoe, silver won by Leonid Krylov (Russia’s representative), bronze is awarded to Robert Oliver from the UK,” the message reads.
Emelianov covered the distance of 200 meters in 40.355 seconds. He was ahead of the Russian by 0.109 seconds.
The average prices for new business-class residential buildings in Kyiv amounted to UAH 48,800 or $1,820 per square meter in early September, which is 30% higher than in the same period last year, Ramil Mehdiyev, CEO of ENSO, has told Interfax-Ukraine.
“The prices for business-class buildings are more intensified than the average prices for new buildings in Kyiv, which have risen over the year from UAH 26,600 to UAH 32,000 per square meter, that is, by 20%,” he said.
The expert explained the difference in the dynamics by a higher share of imported components in construction of business-class real estate. “Imported components are becoming more expensive than local production. The situation with imported materials is aggravated by quarantine restrictions and lockdowns, which have significantly complicated logistics,” Mehdiyev said.
In addition, in business class, the architecture and design solutions are usually much more complex, which bring additional costs both for materials and for work performance by qualified specialists. “You should also not forget about the global trend of housing prices rise and the fact that real estate in Ukraine has become almost the main investment tool for citizens. This increases demand, which in turn affects the price,” Mehdiyev said.
The expert predicts that the upward trend in the cost of housing will continue next year. “According to our estimates, the trend will not change until at least mid-2022. Much depends on the macroeconomic situation and the recovery of the world’s leading economies. First of all, we are talking about China, which is rapidly increasing consumption of raw materials, thereby heating up demand for the same metal,” Mehdiyev said.
According to him, we should also not exclude the emergence of new strains and, as a result, the possible introduction of quarantine restrictions. “This will most likely lead to a repetition of the situation in the spring of 2020, when there were almost no sales in the real estate market. Actually, this led to deferred demand, which was tapped in August 2020. At the same time, a rapid rise in prices began,” the expert said.
The development company ENSO, established in 2017, is implementing three projects in Kyiv.
