The Ministry of Economy invites you to participate in the international forum “Industrial Visa Waiver (ASAA) in the System of Economic Recovery and Development of Ukraine”.
The forum is organized at the initiative of the Department of Technical Regulation within the framework of the international cooperation project ReACT4UA, with funding from the German government and with the support of the German federal company Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and the public union “Foundation for Support of Reforms in Ukraine”.
Date of the event: October 13, 2023.
Registration: 9:00 – 10:00 Kyiv time.
Registration is required. Online registration is available here.
Start: 10:00 a.m. Kyiv time.
Format: online/free of charge.
Simultaneous translation (English/Ukrainian) will be provided.
The main objective: to consider the Agreement on Conformity Assessment and Acceptance of Industrial Products (ACAA Agreement, or the so-called “industrial visa-free regime”) as a factor in overcoming technical barriers to trade, increasing the competitiveness of small and medium-sized enterprises and restoring Ukraine’s economy in general during the war and post-war period.
Key objectives: to hear business priorities and outline ways to create a unified European business environment where each participant will be able to establish communications to find partners.
Two sessions:
Session 1: “Ukraine’s quality infrastructure in the European coordinate system: economic recovery and development”;
II session: “Dialogue with Ukrainian and EU businesses on practical aspects of internationalization of enterprises.
Participation in the Forum is a great opportunity for businesses to get guidance on the movement of industrial goods, search for reliable partners in areas where countries have accumulated significant human and production potential.
Representatives of the following are invited to participate in the Forum:
state-owned enterprises, institutions, organizations operating in the field of technical regulation, standardization, metrology and metrological activities
manufacturers and businesses interested in the production and export of industrial products of Ukraine
other interested parties.
The official media partner is Interfax-Ukraine.
Inflation in Ukraine will drop to 9% or lower in 2023 from 26.6% last year, Prime Minister Denys Shmyhal said at the opening of the Kyiv International Economic Forum on Thursday.
“We have inflation of about 8-9% for the year. I am convinced that it will not be higher,” the Prime Minister said.
According to him, after a 29.1% decline, GDP growth this year was “3%+”.
“The (budget) deficit still remains 20% of GDP, but we have found a way to compensate for it: while last year we received $32 billion in grants and soft loans, this year we expect to receive $42 billion without military support and other humanitarian contributions,” Shmyhal said.
As reported with reference to the State Statistics Service, inflation in Ukraine in September fell to 7.1% in annual terms from 8.6% in August and 11.3% in July. Since the beginning of this year, inflation in the country has been 3.0%, with core inflation at 4.1%.
At the end of July, the National Bank of Ukraine again improved its inflation forecast for this year from 14.8% to 10.6%, but last week announced plans to further revise it downward.
In 2022, inflation is expected to rise to 26.6% from 10% in 2021, and core inflation to 22.6% from 7.9%.
Agrotrade has completed sowing of winter wheat on 15.8 thou hectares in Sumy, Chernihiv, Kharkiv and Poltava regions, which is 4.5 times more than last year, the company’s press service reports.
According to the report, a quarter of the agroholding’s land bank is planted with winter wheat, which is due to the need to comply with crop rotation.
“This season, we completed winter crops sowing very quickly. We prepared for the work thoroughly – we planned the supply and application of fertilizers in advance and made sure that the required amount of seeds was available in our warehouses. So, apart from the war factor, there were no difficulties. We sowed early, and after the recent rains, we already have the first seedlings, which are in good condition,” said Oleksandr Ovsyanyk, Director of Agrotrade’s Agricultural Department.
As reported, the agroholding fulfilled the overall plan for harvesting winter wheat in the 2023 harvest by 110%.
The Agrotrade Group is a vertically integrated holding company with a full agro-industrial cycle (production, processing, storage and trade of agricultural products). It cultivates over 70 thousand hectares of land in Chernihiv, Sumy, Poltava and Kharkiv regions. Its main crops are sunflower, corn, winter wheat, soybeans and rapeseed. It has its own network of elevators with a simultaneous storage capacity of 570 thousand tons.
The group also produces hybrid seeds of corn and sunflower, barley, and winter wheat. In 2014, a seed plant with a capacity of 20 thousand tons of seeds per year was built on the basis of Kolos seed farm (Kharkiv region). In 2018, Agrotrade launched its own brand Agroseeds on the market.
Vsevolod Kozhemiako is the founder and CEO of Agrotrade.
PJSC Ukrnafta has designed and built platforms with removable base supports for well workovers on its own.
“The maximum load on the rotor table that the platform can withstand is 60 tons, which is enough to accommodate all the necessary equipment, even with a reserve,” the company said in a press release on Thursday.
The design allows for comfortable and safe working conditions for employees and reduces the cost of hoisting operations during repairs.
According to the company, the order for the Ukrnafta Drilling well workover and underground repair shop was made at the production base of Ukrnafta’s Oilfield Service Department (OPSD) in Dolyna, Ivano-Frankivsk region.
“The design took into account all the technical and technological requirements, as well as the specifics of use – both in well conditions and during transportation,” the company said.
The teams at the production base in Dolyna have been working on the project for several months.
Currently, two workover platforms have already been manufactured, and plans for this year include the manufacture of two more similar platforms for current well workovers.
Diplomats are preparing the first evacuation flight for Ukrainian citizens from Israel to Romania on Saturday, October 14, according to the spokesman for the Ministry of Foreign Affairs of Ukraine, Oleg Nikolenko.
“More than a thousand Ukrainian citizens have asked for help in leaving Israel due to canceled flights. Diplomats are preparing the first evacuation flight to Romania for Saturday, October 14. We are working on organizing additional evacuation flights,” Nikolenko wrote on Facebook.
The Foreign Ministry noted that details will be sent to citizens who have provided their data to the Ukrainian embassy in Tel Aviv.
In addition, about 200 Ukrainians have expressed a desire to evacuate from Gaza, but due to the lack of security, it is still impossible to leave.
“The Ministry of Foreign Affairs, Ukrainian embassies in Israel, Egypt, Jordan, as well as other Ukrainian agencies involved are making active efforts to get our people out as soon as possible,” emphasized Nikolenko.
Oil prices are falling on Thursday on the back of data from the American Petroleum Institute (API), which showed a steady increase in US stocks.
According to API estimates, US oil reserves jumped by 12.94 million barrels in the week ended October 6, the highest since early January.
The official report of the US Department of Energy on energy reserves in the country will be released on Thursday at 18:00 GMT.
The cost of December futures for Brent oil on the London ICE Futures exchange as of 8:15 a.m. is $85.6 per barrel, which is $0.22 (0.26%) lower than at the close of the previous session. On Wednesday, the price of these contracts fell by $1.83 (2.1%) to $85.82 per barrel.
Futures for WTI for November in electronic trading on the New York Mercantile Exchange (NYMEX) fell by $0.32 (0.38%) to $83.17 per barrel by this time. As a result of previous trading, the value of these contracts decreased by $2.48 (2.9%) to $83.49 per barrel.
Traders are focused on the situation in the Middle East. Israel is not a major oil producer, but investors fear an escalation of the conflict in the region, given media reports that Hamas’ actions against Israel were planned with the assistance of Iran.
“Currently, the risks to the oil market are low,” says Brian Swan, chief commodities analyst at Schneider Electric. – “However, there is a slight possibility of a price increase as the US closely assesses Iran’s ties to Hamas.
“If Washington decides to restrict Iran’s oil exports more tightly, it could change the market situation,” Market Watch quotes Swan as saying.
