Business news from Ukraine

Business news from Ukraine

Foreign trade turnover by the most important positions in Jan-May 2022 (export)

Foreign trade turnover by the most important positions in Jan-May 2022 (export)

SSC of Ukraine

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5 ships with Ukrainian food to leave for Turkey, Italy, China under Black Sea Grain Initiative

The Joint Coordination Centre (JCC) authorized five outbound vessels loaded with food on Thursday within the framework of the Black Sea Grain Initiative, the UN has reported.
“JCC authorized the movement of five ships carrying a total of 83,241 tonnes of grain and other foodstuffs as part of the Black Sea Grain Initiative,” the UN said.
The UN reported that vessels Jasmin Queen (9,531 tonnes of corn), Captain Adam 1 (9,300 tonnes of wheat) and Filyoz (4,410 tonnes of sunflower oil) will go to Turkey. The Kiran America ship will head to China with 50,000 tonnes of barley and corn, while the Santana ship will deliver 10,000 tonnes of wheat to Italy.
In addition, vessel Dignity (8,200 tonnes of sunflower seeds) previously postponed the departure from the port of Chornomorsk to Thursday, September 8. It is planned that it will go to Turkey.
“As of September 7, the total tonnage of grain and foodstuffs exported from the three Ukrainian ports is 2.335 million tonnes. In total, the movement of 211 ships has been authorized at the moment – 111 inbound and 100 outbound,” the UN said.
In Istanbul on July 22, with the participation of the UN, Ukraine, Turkey and Russia, two documents were signed on the creation of a corridor for the export of grain from three Ukrainian ports – Chornomorsk, Odesa and Pivdenny.

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Ukraine for 7 months reduced foreign exchange earnings from metal exports from $7.5 billion to $3.5 billion

Metallurgical enterprises of Ukraine in January-July this year reduced revenues from the export of ferrous metals by 2.16 times compared to the same period last year – to $3 billion 490.360 million from $7 billion 537.902 million.
According to statistics released by the State Customs Service (SCS), ferrous metals accounted for 13.61% of total merchandise export earnings over this period compared to 21.23% in January-July 2021.
In July, proceeds from the export of ferrous metals amounted to $266.620 million.
At the same time, in January-July this year, Ukraine reduced imports of similar products by 33.3%, to $473.488 million. In July, it was imported for $80.368 million.
In addition, during the specified period, Ukraine reduced the export of metal products by 6.3% – to $632.629 million. In July, they were delivered for $81.933 million.
Imports of metal products in January-July decreased by 40.6% – to $351.238 million (in July – $67.335 million).
As reported, Ukraine in 2021 increased foreign exchange earnings from exports of ferrous metals by 81.4% compared to 2020, to $13 billion 951.117 million. Ferrous metals accounted for 20.49% of total revenues from exports of goods over this period against 15 .63% for 2020.
At the same time, Ukraine increased imports of similar products by 48.8% in 2021, to $1 billion 547.477 million.
In addition, Ukraine in 2021 increased the export of metal products by 43% – up to $1 billion 293.199 million.
Imports of metal products over the past year increased by 28% – up to $1 billion 125.908 million.

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Antimonopoly Committee of Ukraine opens case against trading system ProZorro.Sale

The Antimonopoly Committee of Ukraine has opened a case on the fact that ProZorro.Sale state enterprise had established additional terms of the contract and payment for access by operators of authorized electronic platforms to the electronic trading system ProZorro.Sale.
“The case was initiated on the statements of one of the operators, who complained about the unreasonable increase in fees for the development of the electronic trading system and the provision of access to ProZorro.Sale only after additional conditions are met,” the statement on the official website of the Antimonopoly Committee of Ukraine reads.
It is indicated that the state-owned enterprise requires a certain fee for the development of the electronic trading system, however, the AMCU has reason to believe that its size is not economically justified.
The committee also found out that ProZorro.Sale state enterprise provides operators with access to the ProZorro.Sale trading system only if they fulfill additional marketing obligations that do not directly relate to the subject of the access agreement and aim to promote the trading system.
The AMCU noted that back in 2021, the committee began to study the situation on the market for providing services for access of operators of authorized electronic platforms to the electronic trading system, which is used to conduct auctions in normatively defined areas.
As a result of the adoption of control measures, recommendations were provided to ProZorro.Sale aimed at eliminating the above problems. However, the state-owned enterprise has not taken comprehensive steps to prevent possible negative consequences for the competitive environment.
Now, in case of evidence of the negative impact of the actions of ProZorro.Sale on competition in the market, the company may face a fine of up to 10% of income per year preceding the decision on the violation.
The net income of the state enterprise in 2021 increased by 2.7 times, to UAH 141.81 million, and its net profit increased to UAH 42.43 million from UAH 950,000 in 2020.
In the first half of 2022, the revenue of ProZorro.Sale decreased by 36.3%, to UAH 25.14 million, and its net loss amounted to UAH 6.92 million against UAH 550,000 of net profit for the first half of 2021.

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Number of active construction sites in Kyiv continues to grow – expert

The number of active construction sites in Kyiv increased by 17 in August to 173, M4U founder Volodymyr Danilenko told Interfax-Ukraine.
“The number of active construction sites in Kyiv continues to grow. In August, another 17 construction sites resumed work, the total number of active sites reached 173. However, this is still 22% less than before the war,” he said.
According to M4U, most of the new buildings (29 residential complexes) are concentrated in the Goloseevsky district of Kyiv, the second largest is the Pechersky district, where 24 objects are currently being built. The fewest active construction projects are in the Dniprovskyi district – 10.
The average cost per square meter in objects under construction in August amounted to 59,434 UAH. This is 9.1% more than in July and 32.1% more than in February 2022.
As noted in the study, average prices for comfort class (up to UAH 43,472/sq.m.) and elite class (up to UAH 142,071/sq.m.) increased by 7.9%. A square meter in business-class new buildings has risen in price by 6.3% – up to UAH 75,885. The rise in prices in the economy class amounted to only 2.8%, such property in August cost an average of 31,368 UAH per sq. m. m.
“Until February, we observed an increase in prices due to a reduction in supply in the market against the backdrop of stable demand. Now, when demand has decreased by 90%, prices continue to rise due to the shortage of building materials, the increase in their cost, the need to find new suppliers, and also because of the change in the dollar exchange rate, to which the cost of most developers is pegged. This is a completely natural process that will continue over the next months,” Danilenko said.
Traditionally, expensive objects are concentrated in the Pechersky district, where the average cost per square meter in August amounted to 117,889 UAH. The cheapest square meter is in the Darnytskyi district – an average of 33,799 UAH.
Established in February 2020, the Ukrainian proptech company M4U specializes in the development and implementation of complex intelligent solutions in the field of real estate development.

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Demand for electric vehicles in Ukraine doubled

1,489 electric vehicles replenished the Ukrainian car fleet in August, which is almost twice as much as in the same month of 2022, but 14% less than in July of the current year, Ukravtoprom reports.
According to a statement on the association’s website on Wednesday, the majority of registered electric vehicles were passenger cars – 1,397 units. (152 new and 1245 used).
Nissan Leaf remains the most popular electric car with 297 registrations in August, Volkswagen ID.4 is second with 154, and Volkswagen e-Golf is third with 150.
The fourth most popular electric car was Renault Zoe – 97 units, and the Tesla Model 3 closed the TOP-5 of the August electric car market, with 60 registrations.
Of the 92 commercial electric vehicles that received Ukrainian numbers last month, 40 units. there were Renault Kangoo Z.E.
In general, in January-August, 7,366 electric vehicles passed the first registration in Ukraine, which is 42% more than in the same period in 2021.
As reported, in 2021, 8,872 electric vehicles were registered in Ukraine for the first time, which is 19% more than a year earlier, the share of new cars increased to 14% compared to 9%.