Dear media representatives!
On 21 April, UkraineInvest will hold an online investment forum FIT for Ukraine: Logistics, the purpose of which is to promote the investment needs of the logistics industry, as well as to present current analytical information and investment projects already implemented in Ukraine. The event will be held online in Ukrainian and English. Simultaneous translation will be provided during the broadcast.
About the event:
The total amount of direct damage to Ukraine’s infrastructure and logistics as a result of a full-scale invasion has risen to nearly $144 billion. This has caused major problems for business in Ukraine and around the world. However, Ukraine is gradually restarting logistics operations and rebuilding to the best international standards.
The role of the private sector in rebuilding logistics in Ukraine is important in attracting investment and the latest technologies. The opportunities for private companies are significant and can be realised through various mechanisms, including public-private partnerships, international investors and local companies.
Anyone wishing to invest in Ukraine and participate in the reconstruction of its logistics sector will receive the latest analytical data, information on available investment incentives.
Time: 16:00-18:00 (EET)
Languages: English/Ukrainian (simultaneous translation)
Speakers:
Organized by:
UkraineInvest – Government of Ukraine Investment Promotion Office.
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The USAID Agro program will allocate UAH 367 million to co-finance projects to support processing of grains, oilseeds and pulses in Ukraine, the press service of the Ministry of Agrarian Policy reported.
“This will create the potential for the production of products with added value and ensure the expansion of channels and markets. Consequently, qualitatively and quantitatively improve the food security of Ukraine and the world,” the report stresses.
According to USAID, the goal of the project is to improve small agricultural producers’ access to capacities for processing and refining grains, oilseeds and pulses into food, feed, industrial products and biofuel.
As it is specified, it is planned to allocate up to 367 million hryvnia within 20 projects with the term of realization up to two years. It is assumed that the amount of each sub-grant will be from 10 to 36 million UAH and will be discussed individually.
“It is expected that under the projects executors – Ukrainian entities – will provide MSME with expert, technical and financial support to expand the processing of grain, oilseeds and pulses. Activities will be aimed primarily at expanding existing processing facilities, which will lead to increased production of higher value-added cereal products for domestic consumption and export,” the report summarizes.
Odessa customs officers prevented the export from Ukraine of an antique violin, signed with the name of the famous master Antonio Stradivari, but dated the year after his death – 1742.
“An ancient violin of the genius master tried to take out a citizen of Ukraine, which through the checkpoint “Orlovka” was going to Bulgaria in a car. Despite the presence of a musical instrument with signs of antiquity, he chose the “green corridor” to pass customs control,” the press service of the State Customs Service of Ukraine reported on Friday.
According to the press service, the man also confirmed the absence of goods and items subject to written declaration and taxation of customs payments during oral questioning.
“Based on a risk assessment and analysis, the car was transferred to the “red corridor.” The suspicions of the customs officers were justified: in the luggage compartment, among various packages and suitcases, at the very bottom in a cardboard box was found a case with a violin. On the bottom deck (back – IF-U) of the musical instrument – inscription “ANTONIUS STRADIUARIUS CREMONENSIS FACIBAT ANNO 1742”, – details of detention are given in the message.
The case also contained a bow and a set of strings. No documents authorizing their export from Ukraine were found with the citizen.
According to the violation of customs regulations, made by Odessa customs officers on the grounds of part 1 of Art. 483 of the Customs Code of Ukraine, a musical instrument with signs of antiquity, a bow and a set of strings seized.
Their value and cost will be determined by the appropriate expertise, and their further fate – the court.
Activities were carried out by Odessa customs officers in cooperation with border guards and representatives of the SSU in the Odessa region.
Antonio Stradivari (1644-1737) – unsurpassed master of making bowed instruments. There are about 650 survived Stradivari’s instruments including about 450 violins.
The social stratification by wealth in the United States is deeper and more dangerous than by income, according to a report by the nonprofit organization Oxfam America.
According to the organization, the combined wealth of U.S. billionaires has grown by nearly a third since the coronavirus pandemic began in 2020 and by 86.3% since 2013, to $4.51 trillion. Their number has increased by nearly 60% in 10 years to more than 700.
“The surge in wealth during the pandemic followed the injection of trillions of dollars into financial markets to save them from collapse,” the report noted. – “This new money, albeit much needed to sustain economies, ended up in the hands of the super-rich, who took advantage of the spike in stock prices in the absence of barriers in the form of fairer taxation that would have distributed this wealth more evenly.
In addition, the U.S. has a “permanent underclass”: nearly one-third of all workers and half of employed women of color earn less than $15 an hour, Oxfam points out. The disparity in wealth between races has widened since the 1980s and is approaching that of the 1950s.
“To reduce and eliminate the structural barriers that exist in our economy and to ensure that opportunities are open to everyone, it is vital to impose a super wealth tax,” the organization stresses.
Oil prices are rising on Friday after the International Energy Agency (IEA) published its monthly review of the oil market.
June Brent crude futures on London’s ICE Futures exchange stood at $86.43 a barrel by 2:24 p.m. Friday, up $0.34 (0.39%) from the previous session’s closing price.
The price of WTI crude futures for May oil in trading on the New York Mercantile Exchange (NYMEX) was up $0.31 (0.38%) to $82.41 a barrel by that time.
The IEA predicts a supply shortfall in the market of 2 million barrels per day in the third quarter. “Serious oil shortages in the second half of the year had been previously expected, but another reduction (of production by OPEC+ countries – IF-U) threatens to further squeeze supply and increase oil prices at a time when inflationary pressures are already hurting vulnerable consumers,” the agency said in a review.
In the second quarter, the deficit will be 400 thousand b / c, IEA believes. Previously, it expected demand to exceed supply only in the third quarter. The average deficit in 2023 is estimated at 800 thousand bpd.
OPEC, which published its monthly forecast the day before, still expects oil demand to increase by 2.3 million barrels per day (bpd) in 2023, to 101.89 million bpd – above the pre-survey level.
Ukrainian farmers sowed 101.9 thousand hectares of grain and legumes last week, compared to 120.5 thousand hectares the previous week and 207.3 thousand hectares the week before, the Ministry of Agrarian Policy reported on Friday.
According to the Ministry, the area under spring grains and pulses reached 722.4 thou hectares, or 7% of the planned 10.24 mln ha for 2023.
As noted, the pace of sowing is significantly lower than a year earlier, when as of April 8, 1.94 million hectares of land were sown with major crops, which was 14.4% of the 13.44 million hectares planned for sowing.
It is noted that since the beginning of the sowing campaign, spring wheat plantings have reached 142.8 thousand hectares (126.7 thousand hectares a week earlier), spring barley – 436 thousand hectares (376.6 thousand hectares), peas – 84.7 thousand hectares (73.1 thousand hectares) and oats – 53.6 thousand hectares (41.3 thousand hectares), millet – 0.7 thousand hectares (0.2 thousand hectares).
According to the Ministry of Agrarian Policy, the leaders in field work with grains and legumes are farmers of Volyn region – 19 thou hectares. It adds that sugar beet sowing has started in Vinnytsia, Volyn, Rivne, Ternopil, Khmelnytsky and Cherkasy regions, and the sown area reached 32.7 thou hectares (25.6 thou hectares a week earlier).
Sunflower is being sown by farmers in Mykolaiv, Odesa, Ternopil, Khmelnytsky and Ivano-Frankivsk regions, where the planted areas reached 37.2 thou hectares (21 thou hectares a week earlier).
Corn sowing has started in Sumy region, with the area under the crop reaching 0.7 thou hectares.
According to the Ministry’s forecast, in 2023, the area under grains and pulses will amount to 10.24 mln ha, down 1.4 mln ha from 2022. The area under the main oilseeds may be increased, in particular, under sunflower – 5.64 mln ha (+ 476 thsd ha), rapeseed – 1.37 mln ha (+ 110 thsd ha), soybeans – 1.84 mln ha (+ 334 thsd ha). At the same time, the sugar beet area is expected to recover to the pre-war level – up to 220 thou hectares, compared to 180 thou hectares in 2022 and 226 thou hectares in 2021.
