Business news from Ukraine

Business news from Ukraine

Ukraine exported 16 million tons of grain – Ministry of Agrarian Policy

Ukraine has exported 15.95 million tons of grain crops since the beginning of the 2022/2023 marketing year (MY, July-June) and through November 18, including 8.44 million tons of corn (52.9% of total supplies), 6.14 million tons of wheat (38.5%) and 1.31 million tons of barley (8.2%).
As reported on the website of the Ministry of Agrarian Policy and Food on Friday, the rate of grain exports since the beginning of this MY is 31.2% lower than the same period last MY (from July 1, 2020 to November 18, 2021, 23.2 million tons were delivered abroad), although back on November 14 lag was minimal for the past few months at 30.6%.
According to the Ministry, from the beginning of 2022/2023 MY and until November 18, 2022, Ukraine exported 6.14 million tons of wheat (2.23 times less than the same period a year earlier), 1.31 million tons of barley (3.72 times less), 11.2 thousand tons of rye (6.8 times less) and 47.6 thousand tons of flour (1.4% less). At the same time, the rate of corn exports exceeded last year’s volume: 8.44 million tons were exported, which is 1.95 times higher than in 2021/2022 MY on the same date.
It is specified that since the beginning of November, Ukraine exported 2.75 million tons of grain crops, including 1.14 million tons of wheat, 1.39 million tons of corn, 199 thousand tons of barley, 5 thousand tons of rye and 9.2 tons of flour.
As follows from the Ministry data, during the last reporting period, November 14-18, 212.5 thousand tons of grain were supplied to the foreign markets on average per day, while during the preceding period of November 7-14 – 118.6 thousand tons per day, November 2-7 – 178 thousand tons per day, October 26-November 2 – 170 thousand tons per day, and October 21-26 – 132 thousand tons per day. Thus, the average daily rate of exports during the reporting period of November 14-18 has increased by 1.8 times compared to the previous period of November 7-14.
As reported, Ukraine exported 48.51 million tons of grains and leguminous crops in 2021/2022 MY, which is 8.4% higher than during the previous MY, despite the full-scale invasion of Russia and the difficulties with the export of agricultural products due to the blockade of Ukrainian seaports. 18.74 million tons of wheat (12.6% more than in 2020/2021MY), 23.54 million tons of corn (+1.9%), 5.75 million tons of barley (+35.9%), 70.9 thousand tons of flour (-44.1%) were supplied to foreign markets.
In 2020/2021 MY, the country exported 44.72 million tons of cereals and legumes: 16.64 million tons of wheat, 23.08 million tons of corn, 4.23 million tons of barley, 126.9 thousand tons of flour and 18.4 thousand tons of rye.
In 2019/2020, Ukraine exported 56.72 million tons of grain and leguminous crops.

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Ministry of Agrarian Policy has already agreed on more than 50 grants for development of horticulture

The Ministry of Agrarian Policy and Food of Ukraine has issued 57 orders granting grants to agricultural producers to establish orchards and build greenhouses for the total UAH 277.2 million.
According to the agency’s website on Friday, the grants to farmers range from 360 thousand UAH to 10 million UAH per recipient, the total area of future plantations and under greenhouses is 257.44 ha.
The Ministry also clarified that 52 of the 57 grants for the total amount of 242.2 million UAH will be allocated for planting gardens, and five grants for the total amount of 35 million UAH will be given for the construction of greenhouses. The participants of the greenhouses projects are farmers from Dnipropetrovsk, Zakarpattya, Odessa and Vinnytsia regions, the total area of the constructions will be 8.9 hectares.
Ministry of Agrarian Policy reminded that on November 15 the Cabinet of Ministers made a number of clarifications to the procedure for providing grants for the establishment or development of horticulture, berry growing and viticulture. In particular, grants are now available for the construction of modular greenhouses of at least 0.4 ha and not more than 2.4 ha in size according to the standard project and the number of new jobs created of at least 14 per 1 ha of greenhouse area. It is also possible to receive funds for the purchase of means of production (planting material, seeds, technological equipment), covering the costs of their delivery and commissioning the modular greenhouse.
There are set grant limits depending on the area of a modular greenhouse: for buildings 0,4-0,6 ha it shall not exceed 2 mln UAH, for constructions 0,8-1,2 ha – 3,5 mln UAH, for 1,6-2,4 ha – 7 mln UAH.
As it was reported, grants for greenhouses development allow agribusinesses to attract up to UAH 7 million of financing, and for gardening – up to UAH 10 million. In general, the state will allocate 16 billion UAH to finance such projects.

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Ministry of Agrarian Policy has already agreed on more than 50 grants for development of horticulture

The Ministry of Agrarian Policy and Food of Ukraine has issued 57 orders granting grants to agricultural producers to establish orchards and build greenhouses for the total UAH 277.2 million.
According to the agency’s website on Friday, the grants to farmers range from 360 thousand UAH to 10 million UAH per recipient, the total area of future plantations and under greenhouses is 257.44 ha.
The Ministry also clarified that 52 of the 57 grants for the total amount of 242.2 million UAH will be allocated for planting gardens, and five grants for the total amount of 35 million UAH will be given for the construction of greenhouses. The participants of the greenhouses projects are farmers from Dnipropetrovsk, Zakarpattya, Odessa and Vinnytsia regions, the total area of the constructions will be 8.9 hectares.
Ministry of Agrarian Policy reminded that on November 15 the Cabinet of Ministers made a number of clarifications to the procedure for providing grants for the establishment or development of horticulture, berry growing and viticulture. In particular, grants are now available for the construction of modular greenhouses of at least 0.4 ha and not more than 2.4 ha in size according to the standard project and the number of new jobs created, at least 14 per 1 ha of greenhouse area. It is also possible to receive funds for the purchase of means of production (planting material, seeds, technological equipment), covering the costs of their delivery and commissioning the modular greenhouse.
There are set grant limits depending on the area of a modular greenhouse: for buildings 0,4-0,6 ha it shall not exceed 2 mln UAH, for constructions 0,8-1,2 ha – 3,5 mln UAH, for 1,6-2,4 ha – 7 mln UAH.
As it was reported, grants for greenhouses development allow agribusinesses to attract up to UAH 7 million of financing, and for gardening – up to UAH 10 million. In general, the state will allocate 16 billion UAH to finance such projects.

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National Bank has created ranking of top 20 insurers of Ukraine on collected net premiums in January-September 2022

The leaders of the insurance market of Ukraine in terms of net insurance premiums collected in January-September 2022 were insurance companies ARX (UAH 2.228 billion), “Unica” (UAH 1.813 billion) and SG “TAS” (UAH 1.685 billion, all – Kyiv).

As reported in the main indicators of insurance companies in Ukraine for 8M2012, published on the NBU web site. 2022, the leaders in insurance payments in this period were Unica (980 mln UAH), ARX (775,7mn UAH) and SG TAS (675,6 mln UAH).

Data: NBU, mln UAH

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Nationalbank erstellt Rangliste der 20 größten ukrainischen Versicherer nach Nettoprämieneinnahmen im Zeitraum Januar-September 2022

Die Spitzenreiter auf dem ukrainischen Versicherungsmarkt in Bezug auf die im Zeitraum Januar-September 2022 eingenommenen Netto-Versicherungsprämien waren die Versicherungsgesellschaften ARX (2,228 Mrd. UAH), Unica (1,813 Mrd. UAH) und SG TAS (1,685 Mrd. UAH, alle – Kiew).
Nach den wichtigsten Indikatoren der Versicherungsgesellschaften in der Ukraine für 8M2012, veröffentlicht auf der NBU Website. 2022 waren Unica (980 Mio. UAH), ARX (775,7 Mio. UAH) und TAS IG (675,6 Mio. UAH) die Spitzenreiter bei den Versicherungszahlungen in diesem Zeitraum.

Daten: NBU, Mio. UAH

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“Nova Posta” resumes construction projects

Nova Posta, whose two depots have been significantly damaged by the Shaheds in the past three weeks, has resumed major construction projects started before the war, said Vyacheslav Klimov, co-owner of the postal operator.
“We launched our big construction projects before the war, now we have resumed them and are building very quickly,” he said at the Kiev International Economic Forum on Thursday.
Klimov assessed as a mistake the rapid downsizing of the network and staff in the first months of the war.
“Those were the hardest decisions we made then. We didn’t lay anyone off, but we were forced to suspend operations in many branches where there was no turnover or customers at the time. We later assessed that as a mistake: we squeezed harder than we needed to,” he said.
“In general, we came back very quickly. And in three to four months, the network has already taken a ‘pre-war’ look,” said the co-owner of “Novaya Posta.
According to him, attracting loans is not possible at current interest rates, so you have to rely on your own efforts.
“We asked the banks, it is impossible to work with such credit rates. I don’t know of businesses that can pull such rates… Generate your own EBITDA and build with your own money,” Klimov said.
The main focus for the company, he said, is employees.
“There are 2,500 Novopostovians on the front lines right now. We try to do as much as possible for these people,” Klimov pointed out, specifying that the company continues to pay them financial aid even after the permission to stop paying salaries, as well as provides other assistance, in particular, providing them with warm clothes.
“Nova Posta” is the largest participant of the Ukrainian logistics market: its network includes 10 thousand offices and 13 thousand post offices throughout Ukraine. The number of items in 2021 exceeded 372 million. Besides, NovaPay non-banking financial institution provides services for money transfers and e-money transactions. There were 388 million transactions in 2021.
The group also includes NovaPost Global, which is developing an international partner network to provide customers with express delivery services not only in Ukraine but also abroad. The company performs regular flights to the U.S., Europe and China and delivered 9.3 million international items in 2021.

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