Business news from Ukraine

Business news from Ukraine

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.

, , ,

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.

, ,

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

, ,

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

, ,

“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.

,

Oil prices rise and end week in red

The value of January futures on Brent crude at London’s ICE Futures Exchange stood at $90.27 a barrel by 7:10 a.m. KSC on Friday, $0.49 (0.55%) above the previous session’s closing price. Those contracts fell by $3.08 (3.3%) to $89.78 a barrel at the close of trading on Thursday.
The price of WTI futures for December at electronic trades of NYMEX grew by that time by $0.67 (0.82%) to $82.31 per barrel. By the close of previous trading the cost of those contracts fell by $3.95 (4.6%) to $81.64 a barrel.
Since the beginning of this week Brent has lost about 6% and WTI – 7.5%.
Weak expectations of traders regarding the prospects for oil consumption contributed to the decline in prices. Experts don’t expect rapid recovery of demand for fuel in China, where there was renewed growth of COVID-19, notes Bloomberg agency. In addition, analysts at JPMorgan Chase & Co. forecast a “soft recession” in the U.S. economy next year due to the Federal Reserve’s (Fed) raising the benchmark interest rate.
“The oil market can’t ignore the deteriorating demand outlook in the world’s two largest economies,” said Edward Moya, chief energy sector analyst at Oanda Corp. – Demand remains low, even despite the approaching entry into force of the embargo on Russian oil supplies to the European Union.”