Business news from Ukraine

Business news from Ukraine

Import of goods in Jan-Oct 2022 in most important positions and in relation to same period in 2021

Import of goods in Jan-Oct 2022 in most important positions and in relation to same period in 2021

Source: Open4Business.com.ua and experts.news

Ukraine exported over 25 million tons of grains

Ukraine since the beginning of 2022/2023 marketing year (July-June) and until January 20, 2012 exported 25.14 million tons of cereals, including 14.22 million tons of corn (56.6% of total shipments), 9.1 million tons of wheat (36.1%) and 1.73 million tons of barley (6.8%).
As reported on the website of the Ministry of Agrarian Policy and Food on Friday, the rate of grain exports since the beginning of the current MY is 30.34% lower than the same period of the previous MY, when from July 1, 2021 to January 20, 2022, 36.08 million tons were delivered abroad. In this case, the previous maximum rate of exports was achieved on January 9, 2023, when the lag from last year’s values was the lowest for the entire MY 29.61%.
According to the Ministry, from the beginning of 2022/2023 MY to January 20 this year, Ukraine exported 9.1 million tons of wheat (1.82 times less compared to the same period last year), 1.73 million tons of barley (3.11 times less) and 12.5 thousand tons of rye (12 times less). At the same time, exports of corn exceeded last year’s volume: 14.22 million tons were exported, which is 3.6% more than it was in 2021/2022 MY on the same date, while 76.5 thousand tons of flour (+23.1%).
It is specified that since the beginning of January, Ukraine exported 2.39 million tons of grain, including 1.59 million tons of corn, 671 thousand tons of wheat, 108 thousand tons of barley and 7.5 thousand tons of flour.
As follows from the Ministry data, during the period of January 9-20, an average of 140 thousand tons of cereals per day were supplied to the foreign markets, whereas during the preceding period of January 2-9, an average of 121.7 thousand tons per day were supplied to the foreign markets, during December 21 – January 2, an average of 196.4 thousand tons per day, during December 14-21 – 134.3 thousand tons per day and during December 2-14 – 148.6 thousand tons per day. Thus, the average daily rate of exports during the reporting period January 9-20 has increased by 15% compared to the previous period January 2-9.
As reported, Ukraine in 2021/2022 MY exported 48.51 million tons of grain and leguminous crops, which is 8.4% higher than in the previous MY, despite the full-scale invasion of Russia and the difficulties with the export of agricultural products due to the blockade of Ukrainian seaports. 18.74 million tons of wheat (12.6% more than in 2020/2021MY), 23.54 million tons of corn (+1.9%), 5.75 million tons of barley (+35.9%), 70.9 thousand tons of flour (-44.1%) were supplied to foreign markets.
Ukraine in 2020/2021 MY exported 44.72 million tons of grain and leguminous crops: 16.64 million tons of wheat, 23.08 million tons of corn, 4.23 million tons of barley, 126.9 thousand tons of flour and 18.4 thousand tons of rye.
In 2019/2020, Ukraine exported 56.72 million tons of grain and leguminous crops.

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Export of goods in Jan-Oct 2022 to most important positions and in relation to same period of 2021

Export of goods in Jan-Oct 2022 to most important positions and in relation to same period of 2021

Source: Open4Business.com.ua and experts.news

Eldorado.ua donated modular home to family as part of charity project

Omnichannel retailer of appliances and electronics Eldorado.ua donated a modular house to a family in Chernihiv region within the framework of the “Zeglina for moles” charitable project together with Tera Monada, the retailer’s press service reported.
According to the report, the modular house is connected to all communications and equipped with furniture, appliances and a generator.
“The main goal at Eldorado.ua is to take care of Ukrainian families. That is why we organized this project to help families who have lost their own homes. I very much appreciate the trust of our customers and am grateful for their desire to help those in need. Many of the donations are not one but several “bricks”, there are 50 and 100 each. So this house in Chernihiv region is the “first swallow”, then we are preparing the next ones”, – Mikhail Kozlov, director of the retail department of Eldorado.ua, was quoted in the press release.
Half of the cost of modular home paid the retailer and the other half was collected thanks to customers’ donations. The charity project will last until the end of 2023. According to the company, today collected almost 40 thousand “bricks”, which amounts to about 900 thousand UAH (at the rate of 1 “brick” – 23 UAH).
Eldorado.ua – network of stores of home appliances and electronics in Ukraine, represented in offline and online environment. It was founded in 1999 as a division of the network of the same name. In 2013, the company becomes 100% Ukrainian. At the same time, it merges with the Tekhnopolis network. The beneficiary is Viktor Volischuk.
Today the chain has 95 stores in Ukraine. The staff consists of 3.2 thousand people. Since the beginning of the full-scale invasion, the company has transferred equipment and electronics worth 10 million hryvnias to the Armed Forces and terrorist defense.
Tera Monada is a social startup launched in June 2022 that creates modular, quickly-mounted houses for Ukrainians who lost their homes because of the war.

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Oschadbank reduced by 3 times number of new car loans

State Oshchadbank (Kiev) in 2022 issued 2.4 thousand car loans at 1.6 billion UAH, which is three times in number and 2.5 times less in volume compared to the figures in 2021 (7.2 thousand car loans at 4 billion UAH), said the head of the bank Sergey Naumov.
“Car loans in Oshchadbank last year enjoyed significant demand (2,421 loans totaling 1.6 billion UAH): the most popular car brands were Hyundai, Mitsubishi, Skoda and Toyota,” he wrote in Telegram on Friday.
He pointed out that 119 car loans worth 90 million UAH have already been issued in 2023.
Oshchadbank was founded in 1991. Its only owner is the state.
According to statistics from the National Bank of Ukraine (NBU), as of November 1, 2022, Oschadbank ranked second by total assets (UAH 270.806 billion) among 67 operating banks in the country.

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Structure of Ukraine’s GDP in 2021 (production method, graphically)

Structure of Ukraine’s GDP in 2021 (production method, graphically)

Source: Open4Business.com.ua and experts.news