Business news from Ukraine

Business news from Ukraine

Real GDP in 2021-2025 (forecast)

Real GDP in 2021-2025 (forecast)

Source: Open4Business.com.ua and experts.news

Ukrainian Foreign Ministry announces tender for car insurance

On May 21, the Ministry of Foreign Affairs of Ukraine announced a tender for voluntary insurance of motor vehicles and compulsory insurance of civil liability of owners of land vehicles, according to the electronic state procurement system Prozorro.

The expected cost of purchase of services is UAH 342,898 thousand.

The deadline for submission of tender documents is May 29.

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Abnormal heat wave has hit India and Pakistan

A heat wave in Pakistan has triggered temporary school closures and power problems, the Associated Press reported Tuesday.

“The debilitating heat wave will continue this month,” said Zaheer Ahmed Babar, a senior member of Pakistan’s Meteorological Department. Temperatures could exceed the monthly norm by six degrees Celsius, he said. It will exceed 40 degrees Celsius in many parts of the country this week.

In Punjab, the country’s most populous province, all schools will not be open this week because of the heat wave, and about 18 million students will stay at home. Some parts of the country are experiencing hours-long power cuts.

On Monday, it was reported that the abnormal heat wave is also observed in neighboring India. In Delhi and areas adjacent to the Indian capital, temperatures have exceeded the 47 degrees Celsius mark in the last 24 hours. Authorities have declared a red, maximum, level of weather danger in the capital, as well as in the states of Rajasthan, Punjab, Uttar Pradesh and Haryana, where the previous day the temperature ranged from 43 to 46 degrees Celsius.

The heat wave is expected to continue in India for at least five more days.

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Kharkiv regional council redirected 60 million UAH to support Defense Forces – head of regional council

Kharkiv Regional Council at the session on Tuesday amended the complex program “Development of local self-government in Kharkiv region for 2022-2024”, according to which 60 million UAH will be directed to help the AFU and other Defense Forces.

“Funds previously allocated for community projects within the framework of regional competitions “Effective Medicine in Society” and “Together in the Future” will go to support the security and defense forces of Ukraine”, – wrote the head of the Kharkiv Regional Council Tatyana Egorova-Lutsenko in her Telegram channel.

Source: https://t.me/yehorovalutsenko/733

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Cygnet agro company has completed sowing spring crops on 26.5 thousand hectares

Cygnet has completed sowing spring crops on 26.5 thousand hectares, the company’s press service reported on Facebook.

According to the report, Cygnet has allocated 16.2 thousand hectares for corn, 4.9 thousand hectares for soybeans and 1.0 thousand hectares for sunflowers in 2024. The area of sugar beet sowing was expanded to 4.4 thousand hectares. Another 2.2 thousand hectares are occupied by winter wheat.

“The sowing campaign started on March 30 with the sowing of sugar beets, and ended on May 16, when we finished sowing soybeans. We could have done it 10-14 days earlier, but the rains stopped us and delayed the sowing dates. In general, all worked well, there were no serious breakdowns of equipment. And if there were small ones – literally up to four hours of time and everything was repaired. And the productivity of work, despite the weather conditions, this year we had a very high, “- said Deputy General Director for crop production Alexander Shramko.

As reported, in 2023 Cygnet grew corn on 16 thousand hectares, sunflower – 3 thousand hectares, soybean – 1.7 thousand hectares, sugar beet – 4 thousand hectares, 2.5 thousand hectares were sown with winter wheat.

Cygnet cultivates about 29 thousand hectares in Zhytomyr and Vinnitsa regions, where it grows corn, soybean, winter wheat, sugar beet. The company’s assets include an elevator with a capacity of 60 thousand tons of one-time storage and a sugar factory with a processing capacity of up to 2.8 thousand tons of sugar beet per day (both in Zhytomyr region).

The company also has a dairy business (dairy herd – 605 cows), the products of which are sold to local processors.

Source: https://www.facebook.com/photo/?fbid=991228989673526&set=a.507543601375403

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Real GDP percentage changes over previous period in 2014-2023

Real GDP percentage changes over previous period in 2014-2023

Source: Open4Business.com.ua and experts.news