Business news from Ukraine

Business news from Ukraine

UKRAINE HARVESTS 5.5 MLN TONNES OF NEW GRAIN

As of July 16, Ukrainian agrarians have harvested 5.5 million tonnes (more by 4.1 million tonnes per week from July 9 to July 16) of grain and leguminous crops from an area of 1.3 million hectares (9% to the forecast).
According to the information and analytical portal of the agrarian and industrial complex of Ukraine, in the context of crops, the following were threshed: winter barley – 2.9 million tonnes from an area of 685,000 hectares (28% of the total area under this crop), winter wheat – 2.5 million tonnes from 611,000 hectares (9%), and peas – 74,000 tonnes from 32,400 hectares (14%).
According to the portal, the leaders in harvesting since the beginning of the harvesting campaign are Kherson (the crop was harvested from 53% of the area), Mykolaiv (24%), Odesa (14%), Dnipropetrovsk (13%) and Donetsk (11%) regions.

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EGGS AND MEAT PRODUCTION DECREASE IN UKRAINE IN H1

Sales of meat for slaughter (in live weight) decreased by 2.5% in Ukraine in January-June 2021, year-over-year, to 1.60 million tonnes, milk production by 5.3%, to 4.32 million tonnes, eggs by 13.6%, to 7.38 billion pieces, the State Statistics Service of Ukraine said on the website on Friday.
According to it, as of July 1, the poultry population in Ukraine decreased by 3.8%, year-over-year, to 239.2 million heads, cattle by 6.5%, to 3.23 million heads (including the number of cows decreased by 5.8%, to 1.67 million heads), sheep and goats by 5.0%, to 1.39 million heads, while the number of pigs increased by 0.7%, to 6.11 million heads.
The sale of poultry for slaughter by agricultural enterprises decreased by 0.6% in the six months of 2021 versus January-June 2020 and amounted to 325.06 million heads, the sale of pigs increased by 10.1%, to 2.51 million heads, cattle decreased by 14.2%, to 157,900 heads, sheep by 27.9%, to 24,000 heads.
Agricultural enterprises for the same period sold 21.5% fewer eggs, 3.52 billion pieces.
The State Statistics Service said that for the specified period, Kyiv region became the leaders in the production of eggs with 1.32 billion pieces (2% more year-over-year), Khmelnytska with 260 million pieces (33.2% less), Kherson with 252.3 million pieces (28.6% less) and Dnipropetrovsk regions with 249.9 million pieces (5.2% less).
According to the statistics department, in the first half of 2021 most milk was produced by the enterprises of Poltava some 195,800 tonnes (1% less year-over-year), Cherkasy some 143,200 tonnes (5.1% less), Kharkiv some 123,200 tonnes (1.7% more) and Chernihiv some 115,100 tonnes (7.0% less).

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DENMARK OPEN FOR UKRAINIAN CITIZENS FROM JULY 17

Denmark is lifting the entry restrictions previously imposed on Ukrainian citizens as part of countering the spread of COVID-19, Ukrainian Foreign Minister Dmytro Kuleba has said.
“Denmark opens for all types of travel of Ukrainians tomorrow, July 17, from 16:00. Visa-free travel, as in the good old days. Entry is possible with a fresh negative test and a test upon arrival. Country by country we are restoring the visa-free regime with the EU,” Kuleba wrote on his Twitter on Friday.

BLACK SEA TRADE AND DEVELOPMENT BANK CONSIDERS PROJECTS IN UKRAINE FOR $155 MLN

The Black Sea Trade and Development Bank (BSTDB) is considering a portfolio of projects in Ukraine for possible implementation in the amount of $155 million, including road infrastructure, agribusiness, commercial property, financial facilities, bank’s president Dmytro Pankin said.
In an interview with Interfax-Ukraine, he said that in 2021 the bank has updated its trade financing mechanism in the amount of $5 million with Creditwest Bank, and also completed operations to provide a number of loans: $15 million to Interpipe to support the company in the debt capital markets and modernization of production facilities, some $20 million to a chain of furniture shopping centers Araks to improve energy efficiency, some $23 million to Epicenter to improve agricultural infrastructure.
With regard to the project announced in 2020 with Halnaftogaz, Pankin said the bank was successfully cooperating with the company, but, unfortunately, could not agree on the price of the operation announced last summer.
“The bank is ready to consider other opportunities for mutually beneficial cooperation with the company in the future,” the BSTDB president said.
He also said the bank is developing financing and placement of securities in local currency in member countries to provide loans in local currency to businesses in these countries. According to him, BSTDB was the first multilateral development bank to offer such operations in Azerbaijan and Armenia.
“As for Ukraine, at present the market situation does not allow us to attract local currency by issuing domestic bonds at a cost that would allow us to offer attractive prices for Ukrainian borrowers,” Pankin said.

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DTEK FOCUSES ON PLANS TO INVEST IN RENEWABLE ENERGY GENERATION IN EUROPE

DTEK Energy Holding has not abandoned plans to invest in the generation of electricity from renewable sources in Europe, and is now exploring opportunities for this in different countries, CEO of DTEK Renewables Maris Kuniсkis has said.
“Yes, this is in our focus. Plans to invest in Europe remain. As long as there is no stability in Ukraine, we focus on abroad,” he said during the 12th International Ukrainian Energy Forum of the Adam Smith Institute on Friday.
At the same time, he said that, since the market in Europe is also changing, the company has to reorient itself to other countries, abandoning the development of projects in those that were considered in 2020. In addition, Kuniсkis did not disclose the details of possible projects.

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