Business news from Ukraine

Business news from Ukraine

“Ukrposhta” reduced net loss 2.1 times in Q1

JSC “Ukrposhta” in January-March 2024 increased income by 10.1% year-on-year to UAH 3.05 billion, reducing net loss 2.1 times to UAH 190.3 million.
“Net income from the sale of products (goods, works, services) For the first quarter of 2024 is UAH 3.05 billion, which is UAH 340.2 million or 10.0% less against the plan and UAH 280.4 million or 10.1% more against actual data for the first quarter of 2023,” the company said on its website on Wednesday.
Non-fulfillment of the income plan is due to the fact that the company was not able to provide services in full on the territories where hostilities are conducted and on temporarily occupied territories. At the same time, for a number of basic services there is an increase in sales volumes, which allowed to ensure the growth of income compared to the same period last year, indicated in JSC “Ukrposhta”.
EBITDA of the company in the I quarter of 2024 amounted to 83.7 million UAH.
“Ukrposhta” in the first quarter of 2024 received domestic and international shipments in the amount of 24.1 million units of written correspondence, 12.4 million parcels. Also, paid 3.5 million transfers and 9.5 million pensions and cash benefits;
1.2 thousand titles of periodicals of Ukraine were distributed by subscription and retail, which amounts to 16.7 million units, including 14.3 million units by subscription and 2.4 million units by retail.
Ukrposhta JSC had 5.57 thousand stationary outlets and 1.86 thousand mobile outlets. The average number of full-time employees as of the first quarter of 2024 is 34.258 thousand people, including postal operators – 7.053 thousand, postmen – 7.974 people.
The average salary of a full-time employee of Ukrposhta in the I quarter of 2024 13.799 thousand UAH.

 

 

,

Estimated number of population in regions of Ukraine based on number of active mobile sim cards (mln)

Estimated number of population in regions of Ukraine based on number of active mobile sim cards (mln)

Source: Open4Business.com.ua and experts.news

US to provide $2.3 bln in military aid to Ukraine

The United States will soon announce an additional $2.3 billion in security assistance to Ukraine, which will include anti-tank weapons, interceptors and ammunition for the Patriot and other air defense systems, U.S. Secretary of Defense Lloyd J. Austin III said.
“I am proud that the United States will soon announce more than $2.3 billion in new security assistance to Ukraine. This package will provide more air defense interceptors, anti-tank weapons, and other critical munitions from U.S. stockpiles, within the President’s authority…and will be delivered to Ukraine,” the Pentagon press service quoted Austin as saying before the talks with Ukrainian Defense Minister Rustem Umerov.
The Defense Minister noted that the announced aid package will also allow the United States to purchase more Patriot and NASAMS air defense interceptors, which will be delivered in an accelerated time frame due to a change in the order of deliveries for some foreign military sales.
In addition, the Pentagon chief noted that ahead of next week’s NATO summit in Washington, the United States will take “steps to build a bridge to Ukraine’s NATO membership.”
He added that he looked forward to “the opportunity to discuss further ways to meet Ukraine’s urgent security needs and build a future force capable of withstanding Russian aggression.”
“Ukraine does not stand alone, and the United States will never waver in its support. Together with our 50 allies and partners, we will continue to provide the critical capabilities Ukraine needs to repel Russian aggression today and deter it tomorrow,” Austin assured.
In turn, Umerov thanked Austin for his comprehensive assistance and support.
“Thanks to this support, we have stopped Russia, stopped its aggression against people, our values and national interests. And we look forward to discussing with you how we could continue our partnership and become a NATO member in the future. I hope that Ukraine will soon receive an invitation. But for now, we will discuss how to increase our capabilities and plans,” Umerov said.
Ukraine’s President Volodymyr Zelenskyy said on Sunday that Russia had dropped more than 800 guided aerial bombs on Ukraine in the past week alone. He called on the leaders of the countries to ease restrictions on the use of Western weapons to strike military targets in Russia. In particular, he said that Ukraine needs “the necessary means to destroy the carriers of these bombs, including Russian warplanes, wherever they are.”

,

Ukraine and Singapore agree to develop food trade

The State Service of Ukraine for Food Safety and Consumer Protection (SSUFSCP) and the Food Agency of the Republic of Singapore have signed a Memorandum of Understanding on cooperation in the field of food safety to facilitate mutual trade in imports, exports and re-exports, the press service of the Ukrainian agency reports.
According to the report, the parties also intend to promote the expansion of bilateral cooperation in the field of control, prevention and eradication of animal diseases in accordance with the Terrestrial Animal Health Code of the World Organization for Animal Health (OIE).
“The State Service of Ukraine on Food Safety and Consumer Protection continues to work towards expanding the sales of Ukrainian products in the international arena. And the memorandum between the competent authorities of Ukraine and Singapore is one of the steps to make even more different categories of Ukrainian food available in Asian markets. Currently, there are 5 markets in Singapore, and we are not stopping there,” commented the head of the department, Serhiy Tkachuk.

,

Harvest volumes of grains and pulses, mln tons

Harvest volumes of grains and pulses, mln tons

Source: Open4Business.com.ua and experts.news

Ukraine and Norway extend “transport visa-free regime” until end of September

Ukraine and Norway have agreed to allow Ukrainian carriers to carry out transportation without permits until September 30, 2024, the press service of the Ministry of Community Development, Territories and Infrastructure (Ministry of Reconstruction) reports.
In August 2024, a meeting of the specialized commission will be held to discuss the extension of the “transport visa-free regime” with Norway for a longer period, Deputy Minister of Communities, Territories and Infrastructure of Ukraine Serhiy Derkach wrote on Facebook on Wednesday.
“Our goal and task is to ensure that Ukrainian carriers can carry out transportation without permits to as many countries as possible. Currently, we have agreed with Norway to extend the previous agreement, and we expect that the term of the “transport visa-free regime” will be extended soon,” Derkach emphasized.
According to him, the liberalization of transportation will help Ukraine not only to increase the volume of cargo transportation, but also to integrate into the European and global transportation system.
Liberalization of freight transportation is possible for vehicles of Euro 5 and higher environmental standards. Drivers must have a certificate confirming the environmental class of the truck when performing transportation on board, the deputy minister noted.
The “transport visa-free regime” with Norway expired on June 30, 2024, after a liberal regime for carriers had been in effect for a year since August 2023.
Ukrainian carriers also have access to “transport visa-free travel” with 37 countries, including the European Union. Over the past year, in addition to Norway, the Ministry of Communities, Territories and Infrastructure of Ukraine has managed to agree on the liberalization of freight transportation with North Macedonia, Turkey, Moldova, Georgia and Montenegro, the Ministry of Reconstruction noted.

, ,