Dynamics of export of goods in Jan-June 2024 by the most important items in relation to the same period of 2023, %
Open4Business.com.ua
The counting of votes in the Moldovan presidential election has been completed – incumbent President Maia Sandu and former Prosecutor General Alexandru Stoianoglo have reached the second round of the election.
According to the CEC press service, on Monday evening the counting of votes in the elections, which took place on Sunday, was completed. According to the results after counting 100% of the protocols, Sandu gained 42.45%, and Stoianoglo – 25.98% of the votes. Next are: chairman of Our Party Renato Usatii – 13.79%; former Bashkan of Gagauzia – 5.38%, former prosecutor Victoria Furtune – 4.45%; former prime ministers Vasile Tarlev and Ion Kiku – 3.19% and 2.06%. The other five candidates garnered less than one percent of the vote.
A total of 1,562,795 people took part in the election, which is 51.68% of the voters included in the voting lists.
Earlier, the Experts Club think tank presented an analytical material about the most important elections in the countries of the world in 2024, more video analysis is available here – https://youtu.be/73DB0GbJy4M?si=eGb95W02MgF6KzXU,
Subscribe to the Experts Club YouTube channel here – https://www.youtube.com/@ExpertsClub,
The second round of elections will be held in two weeks, on November 3.
In January-September 2024, Ukraine imported 526.545 thousand tons of salt worth $69.844 million, which is 65.6% and 6.64% more than in the same period last year, respectively. According to statistics released by the State Customs Service (SCS), Egypt became the largest supplier of salt to Ukraine, accounting for 55.41% of total imports worth $38.7 million in January-September 2024.
Turkey and Romania accounted for 15.7% and 15.6% of supplies, for which these countries earned $10.96 million and $10.81 million, respectively.
A year earlier, Ukraine’s top three salt importers were Turkey with a 30.9% share, Egypt and Romania with 21.6% and 20.9%, respectively. Their revenues from salt sales amounted to $20.3 million, $14.11 million and $13.697 million, respectively.
In January-September 2024, Ukraine reduced its salt exports to a record low of 21 tons, for which it earned $21 thousand. Its buyers were Romania, which purchased 17 tons (80.9%), Moldova and Spain purchased 1 ton each, which amounted to 4.8% for each country.
A year earlier, salt exports amounted to 38 tons, for which Ukraine earned $155 thousand. The exports of this product, which decreased, were supported by Romania, which bought 35 tons (94.6%), and Moldova with 1 ton (2.7%).
As reported, in pre-war 2021, Ukraine exported 710.04 thousand tons of salt for $28.32 million, while in 2022 it fell fivefold in physical terms to 142.038 thousand tons, and revenue fell even more, to $3.82 million. In 2021, the main buyers of Ukrainian salt were Poland (39.1%), Hungary (27.4%), and Romania (7.3%). In 2021, Ukraine imported 142.81 thousand tons of salt worth $12.92 million.
After the occupation of the country’s largest salt producer, Artemsol, by Russian troops, Ukrainian salt exports amounted to only 149 tons for $32 thousand in the first half of 2023.
Ukraine is already implementing a number of large investment projects with the participation of Finnish business, and we expect that there will be many more of them soon, said Prime Minister of Ukraine Denys Shmyhal.
During a meeting with Finnish entrepreneurs in Helsinki on October 18 with the participation of Finnish Prime Minister Petteri Orpo, Shmyhal noted that more than 20 projects of Finnish companies have received support under the developed Plan for Participation in the Reconstruction of Ukraine, which provides effective tools to encourage private business to invest in the Ukrainian economy.
According to the press service of the Cabinet of Ministers on Saturday, Shmyhal highlighted the sectors in which “investments will be particularly successful for business and useful for Ukraine.”
In particular, in construction, these are advanced technologies, energy efficiency, and experience in building civil defense facilities.
In the energy sector, it is the development of renewable energy, decentralization of the energy system, development of smart grids, energy storage systems, and waste-to-energy.
In education – digitalization and development of the R&D model based on synergy between the government, universities and the private sector.
In the telecommunications sector, we are focusing on sixth-generation wireless communication technologies and advanced digital security technologies.
Since the beginning of 2024/25 MY, Ukraine exported 12.04 mln tonnes of grains and pulses as of October 21, of which 2.57 mln tonnes were shipped this month, the Ministry of Agrarian Policy and Food reported, citing the operational data of the State Customs Service of Ukraine.
According to the report, as of the same date in 2023, the total shipments were estimated at 8.333 mln tonnes, including 1.58 mln tonnes in October.
In terms of crops, since the beginning of the current season, Ukraine has exported 7.228 mln tonnes of wheat (1.13 mln tonnes in October), 1.673 mln tonnes of barley (350 thsd tonnes), 10.6 thsd tonnes of rye (3.1 thsd tonnes), and 3.844 mln tonnes of corn (1.08 mln tonnes).
The total exports of Ukrainian flour since the beginning of the season as of October 21 are estimated at 22.7 thsd tonnes (3.8 thsd tonnes in October), including 20.6 thsd tonnes of wheat (3.3 thsd tonnes).
In January-September, NovaPay international financial service (TM NovaPay) increased the volume of transactions by 16% compared to the same period last year, up to UAH 292 million.
According to the press service of NovaPay on Monday, the volume of money transfers in the system increased by 29% to UAH 213.7 billion over 9 months.
“The growth of our business performance was made possible by several key factors. Firstly, we are developing our own mobile application, the convenience and benefits of which have already been appreciated by more than 300 thousand Ukrainian users and more than 20 thousand business clients. Secondly, consumers are increasingly preferring online shopping: sellers send goods and buyers receive them via Nova Poshta. And we provide easy and profitable payment solutions for businesses and Ukrainians,” the press service of NovaPay quoted Ihor Prykhodko, the company’s CFO, as saying.
NovaPay reports that it has seen an increase in customer demand for services for replenishing and withdrawing cash from NovaPay cards at Nova Poshta offices, as well as cash on delivery services for goods delivered by Nova Poshta.
It is reported that in the first 9 months of the year, NovaPay increased its tax deductions by 22% to UAH 4.5 million.
NovaPay is an international financial service founded in 2001 that is part of the Nova group and provides online and offline financial services at Nova Poshta offices. According to its website, the company employs about 13,000 people in more than 3,500 Nova Poshta offices across Ukraine. According to the National Bank of Ukraine, the company accounts for about 35% of the total volume of domestic money transfers.
In 2023, NovaPay was the first non-bank financial institution in Ukraine to receive an extended NBU license, which allowed it to open accounts and issue cards, and was the first non-bank to launch its own financial application with a wide range of financial services at the end of last year.
In the second quarter of this year, the number of active NovaPay payment cards increased from 82.48 thousand to 151.85 thousand, which allowed the service to bypass Kredobank and Pivdenny Bank and come close to the top twenty market leaders.
The total number of active cards in Ukraine in the second quarter decreased from 52 million 738.88 thousand to 52 million 653.61 thousand. The leader, state-owned Privatbank, saw a slight decrease – from 28 million 163.33 thousand to 28 million 163.14 thousand, while the state-owned Oschadbank, which is in third place, had a more significant decline – from 7 million 631.25 thousand to 7 million 346.02 thousand. At the same time, monobank continued to strengthen its second position in the market: the number of its active cards increased from 8 million 446.74 thousand to 8 million 716.85 thousand.
