Business news from Ukraine

Business news from Ukraine

UKRAINIAN VEHICLE MANUFACTURERS PRODUSE 1,829 VEHICLES IN Q1 2021

Ukrainian vehicle manufacturers produced 1,829 vehicles in January-March of this year, which is 34% more than in the same period in 2020, according to a posting on the website of the Ukrautoprom association.
As reported, in January-February 2021, vehicle production exceeded the figure for the same period last year by 3%.
According to the preliminary data of the association, in the first quarter the production of passenger cars increased by 43%, to 1,690 units, production of buses decreased by 24%, to 133 units, and only six commercial vehicles were produced versus 12 a year earlier.
In March alone, car production increased 2.5 times compared with March 2020, to 722 units, including cars produced 2.7 times more – 665 units, which is also 48% more than the February indicator of the current year.
At the same time, the association recalled that in March last year, statistics in this segment were formed only by one plant – Eurocar, and the Zaporizhia Automobile Plant (ZAZ) resumed production of passenger cars only in September.
In the March statistics on commercial vehicles, as in the previous year, only two vehicles assembled at the Cherkasy Bus plant are announced, and AvtoKrAZ still does not disclose information on its production figures (since August 2016).
The production of buses in March grew by 37.5%, to 55 units.

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UKRAINIAN STATE CUSTOMS BEGINS TESTING UPDATED AUTOMATED RISK MANAGEMENT SYSTEM

The specialized departments of the State Customs Service have begun testing the updated automated risk management system (ASUR 2.0), developed as part of the EU4PFM program support, the authority said on its website.
As indicated by the State Customs Service, the updated system will allow transferring a significant part of data from paper format to digital, and processes will go online.
“In particular, ASUR 2.0 should allow maintaining an electronic register of profiles (replacing the hard-to-use paper one), digitizing the history of the profile (including the history of all actions that occur with this profile),” the service said.
In addition, the updated system contains tools for monitoring and analyzing the effectiveness of risks, as well as analyzing declarations to work on new risks.
ASUR 2.0 has already passed four types of preliminary tests, including stress testing and testing for vulnerabilities. It is equipped with all the required papers, internal regulatory documents have been drawn up, the customs service said.

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UKRAINE REGULATES MEDICAL CIRCULATION OF CANNABINOID PREPARATIONS

The Cabinet of Ministers has removed two cannabinoid preparations from the list of illegal drugs, psychotropic substances and precursors.
According to government resolution No. 324 dated April 7, 2021, public control measures are not applied to the substance cannabidiol isolate, the circulation of psychotropic substances Dronabinol, Nabilon and Nabiximols is allowed only in the form of medicines or in the form of substances intended for the production and manufacture of such medicines.
The changes will make it possible to create mechanisms for the use of drugs containing cannabinoids in medical practice, ensuring their prescription and use in accordance with the legislation of Ukraine with measures to control their circulation.

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UKRAINE SINCE BEGINNING OF AGRICULTURAL YEAR EXPORTS 36 MLN TONNES OF GRAIN

Ukraine since the beginning of the 2020/2021 agricultural year (July-June) as of April 7, 2021 exported 36.07 million tonnes of cereals and legumes, which is 22.8% less than on the same date of the previous agri-year.
According to the information and analytical portal of the agro-industrial complex of Ukraine, to date, 14.46 million tonnes of wheat, 16.90 million tonnes of corn, and 4.11 million tonnes of barley have been exported.
As of the indicated date, 97,400 tonnes of flour were also exported.
According to the Ministry of Agrarian Policy and Food, Ukraine exported 56.72 million tonnes of grain and leguminous crops in 2019/2020 agri-year.

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UKRAINE AND TURKEY SIGN AGREEMENT ON HOUSING CONSTRUCTION FOR CRIMEAN TATARS

President of Ukraine Volodymyr Zelensky has said that he welcomes the signing of an intergovernmental agreement between Ukraine and Turkey on housing construction for Crimean Tatars, which will allow the construction of about 500 residential apartments, including for internally displaced persons.
“I welcome the signing of an intergovernmental agreement between Ukraine and Turkey on cooperation in the field of housing construction. This makes it possible to build about 500 apartments for representatives of the Crimean Tatar people and other internally displaced persons. This is a very important humanitarian project that will bring the peoples of Ukraine and Turkey closer together,” Zelensky said at the ceremony of signing Ukrainian-Turkish documents with Turkish President Recep Tayyip Erdogan.
In addition, according to Zelensky, “further liberalization of trade and economic relations between Ukraine and Turkey is important.”
“The signing of a bilateral free trade area agreement will be able to significantly increase the momentum of cooperation,” Zelensky said.
“This is a very important step that must be taken in accordance with the national interests of each of the countries, because we agreed with the President of Turkey that the relevant institutions of our countries will conduct a very substantive audit of all controversial issues and find a mutual compromise that will open the way to signing of this important document,” the president added.
The presidents also discussed the prospects for Turkish investments in Ukraine, in particular “opportunities for large-scale privatization in the field of investments in seaports, as well as cooperation in the energy and military spheres, including aircraft construction.”
“Our goal is the implementation of specific projects, the creation of joint ventures, the exchange of experience and technologies,” the President of Ukraine said.

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EUROPEAN COMMISSION OKAYS DRAFT COUNCIL DECISION ON COMMON AVIATION SPACE WITH UKRAINE

The European Commission (EC) has approved the Council’s draft decision for the signing of the Agreement on the Common Aviation Space with Ukraine, said representative of Ukraine to the European Union, Ambassador Mykola Tochytsky.
“Long awaited good news: today EU Commission has re-approved the draft Council Decision on the signing of the Common Aviation Area Agreement. Looking forward to member-states’ support and swift conclusion of the Agreement,” the Ukrainian diplomat wrote on Twitter.
Next steps are the approvement by the Council of the EU and actual signing of the Agreement. The agreement will be signed between Ukraine, the EU and the member states.
The conclusion of the Agreement will contribute to the creation of a common aviation space between Ukraine and the EU based on common and reliable EU standards in the field of flight safety, air traffic control and consumer protection, the press service of the Mission of Ukraine to the EU reported on Facebook.
“It will also open new opportunities for our citizens and business as well as investments into Ukrainian aviation. Common Aviation Area will ensure the air operation in Ukraine in line with the EU standards on aviation safety, air traffic management and aviation consumer protection,” the Ukrainian diplomats said.

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