Business news from Ukraine

Business news from Ukraine

No outbreaks of infectious diseases have been recorded in Odessa

According to the results of monitoring of the regional center for control and prevention of diseases Odessa regional center for control and prevention of diseases of the Ministry of Health of Ukraine cases of group incidence of infectious diseases have not been identified.
“No outbreaks of infectious diseases and group cases have been registered,” the department said in a statement posted on Facebook Tuesday evening.
Nevertheless, “according to the monitoring data, the incidence of acute intestinal infections in the region, compared to the previous week, increased by 10.5% (it is 190 cases against 172), including among adults – by 29.2% (93 against 72), among children under the age of 17 there was no change (…).”
The department stressed that the overall incidence rate per 100 thousand people was 8.1.
The highest incidence among the total number of cases is observed among children under 17 years (51.1%), and among them the most vulnerable is the age group from 1 to 4 years (50.4%).
Reportedly, only 1.8% of the total number of cases have no established cause of the disease.
It is noted that out of 168 registered patients with gastrointestinal disorders, 156 patients were tested for cholera, all with negative results.
The region continues to actively monitor water quality, with regular sampling of water from the sea and water.
“During the week 100 environmental samples were tested, including seawater – 52 samples, fresh water – 28 samples, sewage from infectious disease hospitals (departments) – 18, seafood (hydrobionts) – 2”.
It is reported that no cholera vibrio was detected in any of the monitoring points.
In addition, the results of samples of seawater for sanitary and microbiological with five public beaches in Odessa, it was found that the water does not meet hygienic requirements
“At present, a significant excess of microbiological indicators has already been recorded, so swimming or using such water for food processing is FORBIDDEN. The catching of fish and seafood in the sea and reservoirs, eating them, as well as buying such products is FORBIDDEN”, – were reminded in the Regional Center for Disease Control and Prevention.
It is also noted that the sanitary-epidemic situation is under constant control, in addition, on the basis of the Center for Disease Control and Prevention formed groups of rapid response to various threats, including biological, chemical and radiological.
“Environmental monitoring is conducted on a daily basis. The headquarters works 24/7.The epidemic situation is predictable and manageable. But the general well-being of the population depends on each of us,” the agency summed up.

Ukrainian sunflower prices will continue to grow – experts

Prices for Ukrainian sunflower rose by 11.5% during the week against the background of the growth of exchange prices for vegetable oils and amounted to 14000-14500 UAH/tonne and will grow further, according to experts of analytical center of the cooperative “PUSK”, created within the framework of the All-Ukrainian Agrarian Rada (AAR).
“Last week, the price of soybean oil on world exchanges jumped up a lot, which caused the physical market, prices for raw materials for production of vegetable oils, including prices for sunflower oil,” the analysts explained.
This led to the fact that the current week began with a price range for sunflower around 14000-14500 UAH/ton, while last week began with prices at 12000-12500 UAH/ton.
“Uniformly, the market is moving from falling to rising. The other day India bought 80 thousand tons of sunflower oil from Ukraine, which increased the prices for vegetable oil on FOB terms by $ 60-70/ton, on CPT terms the oil went up by $100-110/ton. The market has become more active, the sunflower has most likely passed the “price bottom” of this season”, – stressed the analytical department of the cooperative “PUSK”.
Experts reminded that in July plants will begin to process rape, which could lead to a sunflower price subsidence in the second half of July.
Further rise in sunflower prices will be moderate, they will not exceed 15 500 hryvnias/ton, “PUSK” forecasts.

IMK plans to invest $233 mln in Smart Green Strategy from 2023 to 2033

IMK Agro Holding plans to invest about $233 million between 2023 and 2033 in the implementation of the Smart Green Strategy.
The group said Tuesday at the Warsaw Stock Exchange that the strategy aims, among other things, to improve operational efficiency, reduce fossil fuel consumption, reduce greenhouse gas emissions and invest in buying agricultural land in Ukraine.
According to the agroholding, sustainable agriculture projects have been developed for each strategic direction.
It is noted that the funds to implement the strategy will come from our own sources and borrowed funds. They will be used to improve operational efficiency through the introduction of new technologies and sustainable environmental development.
It is indicated that the agricultural holding intends to completely replace the equipment for spraying crops to reduce the use of pesticides by 50%. It is also planned to replace the grain dryers on more productive and transfer part of them to biofuel to reduce natural gas consumption. In addition, the company plans to modernize seeders to ensure faster and higher-quality sowing.
In addition, in 2023 the agricultural holding plans to buy 75 new grain carriers. It estimates that this will reduce consumption of diesel fuel and exhaust emissions, as well as enable the company to transport crops for subsequent export.
By 2033, IMC intends to convert 80% of its acreage to simplified tillage (switching from plowing to deep loosening), which will reduce CO2 emissions and improve soil conditions.
According to the press release, IMC will use part of the funds to buy land, taking advantage of changes in legislation that allow agricultural companies to acquire land ownership. For the time being, the land cultivated by the agricultural holding is on lease.
The program also provides for the development and support of local communities in regions where IMC farms operate.
“Our strategy takes into account Ukraine’s integration with the EU and the consequent need to reduce gas emissions and fossil fuel consumption. Our program is a long-term one, but some of its elements we are going to implement this year”, – Alex Lissitsa, president of IMC Holding, said.
IMK specializes in the cultivation of grain and oilseeds and milk production in Ukraine. It cultivates about 123.3 thousand hectares of land in Poltava, Chernigov and Sumy regions. It has a storage capacity of 554 thsd. tons of grains and oilseeds.
In January-March 2023, IMC Agro Holding incurred a net loss of $4.10 million, which is 2.6 times less than in the same period last year, largely due to higher logistics and distribution costs. The revenues of the holding increased by 11% – to $41.96 million, of which $35.03 million were exports. Due to the decrease of production costs the gross profit of IMC grew 3.9 times – to $8.60 million. Because of the increase in logistics and distribution costs by half (to $9.40 million) the operating loss was $2.85 million, which is twice as much as in the first quarter of 2022.

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President signs law on resumption of big privatization in Ukraine

Ukrainian President Volodymyr Zelensky signed law No. 8250, which will allow the State Property Fund (SPF) to resume big privatization and make state property management more efficient by improving the SPF structure.
“The law on the updated structure of the State Property Fund has been signed by the president. The document will improve the organizational structure of the fund: 12 regional branches of separate legal entities will become structural divisions of the SPF. This will create a mechanism for the establishment of market salaries and CRI in all regions and will increase the efficiency of state property management, “- wrote the head of the SPF Rustem Umerov in Facebook on Tuesday.
He recalled that the document also contains provisions for the resumption of large-scale privatization, improving the procedure for managing the sanctioned property, increasing the lease term of state property up to five years.
According to the norms of the law, by the decision of the VAKS, the sub-sanctioned property will be transferred directly to the SPF and the proceeds from the sale will be sent to the Fund for Liquidation of Consequences of Armed Aggression.
Umerov thanked the president, the government and MPs for supporting this important initiative.
Earlier, it was reported that after the mentioned law enters into force, the SPF will independently make managerial decisions on the unsanctioned property: privatization, sale, lease or management.
The law bans unsanctioned individuals and citizens of aggressor countries from holding positions as heads of state-owned companies and members of supervisory boards, and cancels the procedure for obtaining approval from local authorities for directors of state-owned companies that are managed by the SPF.
After the enactment of the law the department expects the increase of income from renting state property by 20-25%, or 100 million UAH per year, as well as the improvement of leased property.
On 30 May, the Rada supported the bill #8250 by 231 votes of people’s deputies with the required minimum of 226 votes.

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Wife of president of Ukraine asked Israeli epidemiologists for help in overcoming consequences of Kakhovka reservoir explosion

First Lady of Ukraine Elena Zelenskaya, during her visit to Israel, asked for help from local epidemiologists to overcome the consequences of the Kakhovka reservoir explosion, the press service of the President of Ukraine reported on Tuesday evening.
“Asked for help from Israeli epidemiologists in overcoming the consequences of the explosion of the Kakhovka hydroelectric power plant, which threatens the entire country ecological disaster,” the agency quotes Zelenskaya.
In addition, the first lady met with the wife of the Prime Minister of the State of Israel, Sarah Netanyahu, they discussed the experience of Israel in creating and using the system of early warning of the air threat, which allows more accurate information to citizens about the danger.
The parties did not ignore the topic of children affected by the war: both psychologically and physically. It is noted that Zelenskaya and Netanyahu discussed ways to rehabilitate them.

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