From January 1, 2025 the international certificate “Green Card” will be valid only on the next day after its registration and entering into the Unified Centralized Database of the MTSBU. According to the website of the Motor (Transport) Insurance Bureau of Ukraine (MTSBU), such a norm is enshrined in the new law on CMTPL insurance, coming into force from the beginning of next year.
Previously, drivers had the opportunity to issue an insurance certificate “Green Card”, which began its effect on the day of its registration, just before crossing the state border.
In addition, it is reported that from January 1, 2025 free pricing will be introduced for all liability insurance contracts for drivers. This also applies to “Green Card” insurance certificates.
Today, pricing is regulated by the state by establishing uniform amounts of insurance payments, which insurance companies are obliged to apply in tariff setting.
“Starting from January 1, these restrictions will be abolished, and insurance companies will be able to independently determine the parameters that will affect the formation of the cost of policies, based on their own underwriting models and insurance portfolios, as well as other factors relating to the risks caused by the occurrence of an insured event,” the report says.
Another innovation from the beginning of next year will be the full-fledged operation of the electronic certificate of “Green Card” in all member countries of the system. That is, drivers will be able to present the insurance certificate in digital form, saving it, for example, in a PDF file on a mobile device in any country that is part of the insurance system.
At the same time, the MTSBU recommends Ukrainian drivers to print and keep the certificate in paper format before going abroad to present it at the request of authorized foreign regulatory authorities.
“Green Card” – a system of insurance protection of victims in a road traffic accident regardless of the country of their residence and registration of vehicles of the country. It is distributed on the territory of 44 countries in Asia and Europe.
In accordance with the decision of the Assembly of the Council of the Bureau of the International Motor Insurance System “Green Card” adopted in Luxembourg in May 2004, Ukraine since January 1, 2005 is an integral system.
Key points of the past week:
– White cabbage is the leader in sales, and its supply is growing
– The fruit segment was dominated by apples and persimmons
– The number of borscht set vegetables increased
– Despite the high season, the supply of tangerines remains low.
– Pumpkin returned to the top of sales again
– Salad and greens were offered more often than a week earlier
– Cucumber is getting cheaper in Ukraine and more expensive in Uzbekistan
– White cabbage and beetroot were in the greatest demand
– In the technological group, fertilizers and plant protection products were most often offered
Read about these and other trends in the fruit and vegetable markets of the region in the weekly review of EastFruittrading platforms .
Last week, participants from 14 countries sold their products on the EastFruit Trade Platform group, while the total number of ads posted increased compared to the previous week. This was primarily due to an increase in the supply of products from Egypt, Uzbekistan, Ukraine and Iran. At the same time, the activity of users from Turkey and Poland decreased. As a result, the top five most active countries in terms of the number of offers per week are as follows: Ukraine, Uzbekistan, Egypt, Iran and Turkey.
The supply of white cabbage in the trade group continues to grow, making it the top seller last week. The number of ads for other borscht set vegetables, especially onions and potatoes, has also increased. By the way, this season Tajikistan harvested a record potato crop, and there is a noticeable shortage of seed potatoes on the Ukrainian market. The supply of broccoli, Chinese and cauliflower has decreased, while lettuce and greens have become more common. Pumpkin returned to the top of sales, which was actively sold by participants from Ukraine and Uzbekistan.
The fruit segment of the marketplace continues to be dominated by apple and persimmon sales, with apples offered less frequently and persimmons more often than the previous week. Uzbekistan actively traded in pomegranate and table grapes, while Egypt sold garden strawberries and orange. Pear returned to the top of sales. At the same time, tangerine sales remained low despite the season. Meanwhile, Russia has banned the import of Abkhazian tangerines.
The chart below shows the weekly top sentences in quantitative terms compared to the previous period.
The number of ads for the purchase of fruit and vegetables continues to grow. Last week, white cabbage and beets were in the highest demand among users. Users also bought carrots and tangerines quite often. There was a request from Moldova for frozen pitted cherries. And participants from Germany were looking for suppliers of pomegranate, pineapple, and orange juice and concentrates.
And remember, last year at the same time, apple was the top-selling product, and its sales were conducted by participants from 5 countries. The number of tangerine sellers was growing. Mandarin from Georgia began to appear on sale. Borsch vegetables were offered much less frequently than today, and they were cheaper. Participants from Ukraine and Uzbekistan often offered greens, while those from Iran and Turkmenistan offered tomatoes.
The prices for the main commodity items in individual countries of the region and how they have changed over the past week are discussed below.
Prices of the EastFruit Trade Platform – Ukraine
In Ukraine, the growth of potato prices has resumed. Prices for white cabbage and carrots continued to rise. Onions were sold at a higher price than a week earlier. Against the backdrop of low demand and rising imports , selling prices for cucumbers began to decline again. At the same time, sweet peppers fell in price, and the price range for tomatoes widened. In the eggplant segment, only imported products remained on the market, and as a result, prices doubled. Broccoli and cauliflower went up in price. Garlic prices declined, while herbs rose significantly.
In the fruit segment, demand was stronger, resulting in higher prices. The only exceptions were grapes and lemon, which fell in price.
Prices of the EastFruit Trade Platform trading group – Uzbekistan
In Uzbekistan, on the contrary, cucumber prices rose sharply. The minimum price level for potatoes increased. At the same time, the prices for apples and pears have decreased. Meanwhile, greenhouse farms in Uzbekistan will be temporarily left without gas.
Prices of the EastFruit Trade Platform – EGYPT trading group
Egyptian exporters have announced the first price offers for grapefruit. At the same time, prices for the main items remained at the level of the previous week.
And a few more price offers from participants from other countries.
Lithuania: potatoes – 0.28 € EXW
Moldova: white cabbage – 0.45 € EXW
The number of ads posted in the EastFruit Fruittechnology technology group continues to decrease. As in the previous week, the most frequently offered items were various fertilizers and plant protection products. Seedlings of fruit trees were actively sold, but the number of sellers decreased again. Instead, the range of containers expanded. Last week, the trade group offered vacuum bags, foam, plastic, wooden, banana boxes, pallets and other packaging. Technological materials were represented by reinforced concrete poles, greenhouse film, tunnel film, seedling protection netting, thermal sensors, drip tubes, and agrofibre. And Proeftuin Randwijk has conducted extensive tests of a new robot designed for apple harvesting.
For the analysis of the dynamics of fruit and vegetable supply on our trading platforms over the previous week , please click here. And how to effectively promote products in Telegram groups here.
Geographical structure of Ukraine’s foreign trade (imports) in Jan-Sept 2024, thousand USD
Open4Business.com.ua
Geographical structure of Ukraine’s foreign trade (exports) in Jan-Sept 2024, thousand USD
Open4Business.com.ua
Demand for Ukrainian wheat remains high, in particular from Spain, where last week agreements were concluded for the supply of feed wheat at a price of $237-238 per ton with delivery in January, according to the analytical cooperative “Pusk”, established within the framework of the All-Ukrainian Agrarian Rada.
Analysts noted that the world markets are facing competition from Russian wheat, which dominates the markets of Algeria, Tunisia and the Middle East due to its aggressive pricing policy. However, the situation, according to experts, may change in 2025.
“It is expected that from February to June 2025, the Russian Federation will be able to export only 11 million tons due to the introduction of an export quota. This is significantly less than in the previous season, when the quota was 28-29 million tons. An additional factor of influence is the unsatisfactory condition of 30% of winter crops in Russia. We can expect a gradual increase in wheat prices already in December-January, which may amount to $20-25 per ton,” – predicted in ‘Pusk’.
Analysts added that on the domestic market of Ukraine, wheat of 2-3 class remains the main commodity for processors, while exporters are offered feed grain.
Canadian mining company Black Iron Inc. with assets in Ukraine has started the active process of obtaining permits for iron ore mining within the framework of the implementation of the new Shimanovskiy iron ore project in Kryvyi Rih. According to the materials available to Interfax-Ukraine, a subsidiary of Shimanovskoye Steel LLC has applied for a permit for open-pit iron ore mining in the northern part of the Shimanovskoye open pit.
It is planned that the total volume of overburden ore will be 5.13 million cubic meters, including 1.31 million cubic meters of ore, and the open pit will be 660 meters by 390 meters and 80 meters deep. It is also expected to produce 4.5 million tons of ore per year during year-round operation.
As reported, Black Iron Inc. continues to advance the Shimanovskoye iron ore project, having prioritized it by concluding an investment agreement with the country’s government. The main issue remains the obtaining of a land plot under the jurisdiction of the Ministry of Defense. Discussions with the Ministry of Defense have led to an agreement on the preliminary amount of money that Black Iron will have to pay as compensation for obtaining this land for its use.
The Company has also stated that it is considering new potential projects.
In October 2010, Black Iron acquired the Cypriot subsidiary of Geo-Alliance Ore East Limited, along with licenses, from the EastOne investment group of Ukrainian businessman Victor Pinchuk for $13 million, then renaming it BKI Cyprus. Its main assets are 99% in Shimanovskoye Steel LLC and Zelenovskoye Steel LLC (both in Dnipro).
In July 2013, after a number of problems with the implementation of the project, Black Iron Inc. announced an agreement with Ukraine’s largest mining and metallurgical group Metinvest to develop its iron ore assets. Metinvest B.V. paid Black Iron Inc.$20 million and acquired a 49% stake in BKI Cyprus. However, Metinvest later withdrew from the project.
The Shimanovskoye iron ore deposit is surrounded by five other operating mining operations, including ArcelorMittal’s iron ore complex. Existing infrastructure, including access to power, rail and port facilities, Black Iron believes will allow the project to ramp up to production quickly.
According to the presentation dated May 2021, the expected capital investment for the launch of the first phase is estimated at $452 million, the second – $364 million. The project envisaged the construction of a plant for the production of premium iron ore raw materials with an iron content of over 68% with a capacity of 4 million tons per year in the first phase and 8 million tons per year in the second.
LLC Shimanovskoe Steel was registered in June 2007. Black Iron (Cyprus) owns 100% of Shimanovskoye Steel. The authorized capital is UAH 193 mln 677,830 th.
