Quotes of interbank currency market of Ukraine (UAH for 1 pln, in 01.11.2023-30.11.2023)
Source: Open4Business.com.ua and experts.news
Quotes of interbank currency market of Ukraine (UAH for €1, in 01.11.2023-30.11.2023)
Source: Open4Business.com.ua and experts.news
The indicator of business confidence in industry in Ukraine in February 2024 increased by 2 p.p. compared to January 2023 – up to “minus” 9%, while in the processing industry it increased by 3.6 p.p. – To “minus” 8.3%, reported the State Statistics Service.
In turn, the indicator of business climate in industry increased by 0.2 p.p., to +0.2%. – to +0.2%, while in the processing industry increased by 0.4 p.p. to 0.4%. – to 0.4%.
As reported, expectations for business activity prospects in 2023 began to deteriorate in May, when the business confidence indicator stood at “minus” 6.8% and “minus” 5% in industry and processing, respectively, and continued to decline during June-December, amounting to “minus” 13.5% and “minus” 15.6% in December, respectively.
However, in January this year, this indicator increased by 2.6 pp y-o-y to “minus” 11% in December-2023, while in the processing industry it increased by 3.9 pp y-o-y to “minus” 11.8%. – To “minus” 11.8%.
At the same time, the indicator of business climate in industry and processing industry in January, as well as in December-2023 remained at the zero level.
The components for calculations of these indicators have seasonally adjusted values of balances formed on the basis of reports submitted by enterprises. In particular, the assessment of the current volume of orders for production (demand) in industry in February amounted to “minus” 42% (in January – “minus” 44%), in processing industry – “minus” 45% (against “minus” 47%).
In turn, February expectations for output in the next three months improved significantly – in industry they rose to +5% from zero in January-2023, in processing – to +11% from “minus” 1%.
As reported, the best value in 2023 was reached in April-2023 at +10% in manufacturing and +17% in processing.
The estimate of current finished goods inventories in February was “minus” 10% and “minus” 9%, respectively (“minus” 11% and “minus” 12% in January); the estimate of output for the previous three months was “minus” 1% and +1% (“minus” 6% and “minus” 3% in January).
At the same time, the assessment of the current volume of export demand in industry worsened by 2 p.p. to “minus” 31%, and in processing industry remained at the level of “minus” 38%.
According to the statistical agency, the supply of orders of enterprises, still, on average, for four months.
As detailed by the State Statistics Committee, based on the results of the survey of industrial enterprises in February, the growth of selling prices for products in the next three months (February-April) is expected by 31% of surveyed industrial enterprises compared to 33% in January, while the decrease – still 2%; in the processing industry, respectively, 35% and 2%.
At the same time, 25% of industrial enterprises expect in February-April 2024 a decrease in the volume of manufactured products (20% in January), and 20%, as a month earlier, expect growth.
In the processing industry, 28% of respondents expect production growth (8 p.p. more), while 17% of respondents expect a decrease (20% in January).
In the next three months, 17% of the surveyed industrial enterprises expect a decrease in the number of employees, 7% – growth, whereas in January this indicator amounted to 16% and 6%, respectively.
For the previous three months (November 2023-January 2024), 23% of the industrial enterprises noted an increase in production volumes, while a decrease – 31% (in January, respectively, 28% and 29%), and the current volume of production orders (demand) above normal was noted by only 1%, while 39% – below normal and 60% – normal for the season.
The main factor restraining the production is still insufficient demand – its growth in November-January was noted by 19% of industrial enterprises (in processing – 18%), while the decrease was noted by 30% and 32%, respectively.
Ukraine’s Ministry of Communities, Territories and Infrastructure Development has agreed with Turkey’s Ministry of Transport and Infrastructure to extend the liberalization of freight transport, the ministry’s press service said on Thursday. According to the ministry, the “transport visa-free zone” or liberalization of freight transport with Turkey, includes bilateral freight traffic and transit traffic, the ministry said.
“Of all the exports we deliver to Turkey, about 15% are by road transport. Turkish companies import to us exactly by road transport almost 60% of the total volume of goods,” said Deputy Prime Minister for Reconstruction – Minister of Community Development, Territories and Infrastructure Alexander Kubrakov.
As a result of the agreement, the parties no longer need permits for cargo and transit transportation. At the same time, permit-free passage is also valid for the entry of empty trucks.
In addition, the Ministry of Transport agreed with the Turkish side to increase the number of permits for cargo transportation to/from third countries and bus transportation to 3,500 permits and 400 permits, respectively.
“We are working on the possibilities of performing irregular bus transportation – we have agreed on 400 permits for such trips. In the near future, part of these permits will be delivered to Ukraine for issuance to carriers,” – emphasized Deputy Minister of development of communities, territories and infrastructure Sergiy Derkach.
As reported, liberalization of freight transport is available with 35 countries, including the European Union. Last year, the team of the Ministry of Recovery managed to agree on the possibility with Norway, North Macedonia and extend the relevant agreement with Moldova.
Quotes of interbank currency market of Ukraine (UAH for $1, in 01.11.2023-30.11.2023)
Source: Open4Business.com.ua and experts.news
The blockade of a road on the Lithuanian-Polish border by farmers on March 1 may violate the European Union principle of free movement of goods and people, Lithuanian Economy and Innovation Minister Aušrine Armonaitė said, LRT writes.
“As far as I understand, the flow of people will not be stopped, but we are still members of the free European Union, where the movement of goods and people should be free. Any impediment to that movement has the potential to disrupt freedom of movement,” the minister said.
She noted that trucks at the border would be directed to additional parking lots for inspection, which could lead to queues.
A nationwide strike of farmers started in Poland on February 9. The main demands of the strikers are to adjust the “green” course of the European Commission, to limit the inflow of Ukrainian agricultural products to the Polish market, as well as to increase the profitability of agricultural production. During the protests, farmers block Ukrainian-Polish border crossings.
Since March 1, Polish farmers have been preparing for two new blockades – at the former Polish-German border crossing in Svec and on the road near the former Lithuanian-Polish border crossing “Kalwaria-Budzisko”. Farmers will check the contents of trucks, especially agricultural goods.
According to Ausris Macijauskas, chairman of the Lithuanian Grain Producers Association, Polish farmers’ suspicions that Ukrainian grain brought from Poland to Lithuania is being returned or processed and re-exported as Lithuanian goods are justified.
Via Baltica is a 970-kilometer section of European route E67 between Tallinn and Warsaw. It provides road links between the Baltic countries. E67 connects Helsinki (Finland) and Prague (Czech Republic).
The Suvalki Gap is a strip of land about 100 kilometers long on the Lithuanian-Polish border, which is wedged between the Russian exclave of Kaliningrad in the west and Belarus in the east.
Maciauskas said earlier that Lithuanian farmers for their part would not contribute to the Polish protest. According to him, the biggest problem of Lithuanian farmers is Russian grain.
