Business news from Ukraine

Business news from Ukraine

Ukraine exported 31 mln tons of grains since beginning of season

As of March 12, Ukraine exported 31.022 mln tonnes of grains and pulses since the beginning of 2024-2025 marketing year (July-June), of which 1.839 mln tonnes were shipped this month, the press service of the

Ministry of Agrarian Policy and Food reported, citing the data of the State Customs Service of Ukraine.

According to the report, as of March 20 last year, the total shipments amounted to 32.851 mln tons, including 3.181 mln tons in March.

In terms of crops, since the beginning of the current season, Ukraine has exported 12.509 million tons of wheat (526 thousand tons in March), 2.192 million tons of barley (48 thousand tons), 10.8 thousand tons of rye (0), and 15.839 million tons of corn (1.259 million tons).

The total export of Ukrainian flour since the beginning of the season as of March 17 is estimated at 51 thsd tonnes (2.5 thsd tonnes in March), including 47.1 thsd tonnes of wheat (2.4 thsd tonnes).

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Escalating trade war between US and Europe jeopardizes commercial relations worth $9.5 trln year

The escalation of the trade war between the US and Europe is jeopardizing commercial relations worth approximately $9.5 trillion a year, including bilateral trade and investment, according to a report by the American Chamber of Commerce in the EU (AmCham EU). AmCham EU, which represents American companies operating in Europe, notes that the imposed import duties could negatively affect not only the volume of trade in the goods covered by them, but also harm transatlantic investments, which are much higher.

The volume of bilateral trade in goods between the US and Europe, including the UK, reached a record $1.3 trillion in 2024, and the volume of trade in services amounted to more than $750 billion, the Chamber of Commerce reported.

At the same time, according to its estimates, sales of European companies’ subsidiaries in the United States exceeded $3.5 trillion, and branches of American companies in Europe – $4 trillion.

“The damage to trade flows in goods is quite large,” said Malte Lohan, head of AmCham EU. – “The main risk is that all this will begin to affect other ties as well.

US President Donald Trump, speaking about US-European trade relations, mainly focuses on trade in goods, The Wall Street Journal reports. He has repeatedly expressed concern about the high US trade deficit with the EU, which amounted to $235.6 billion last year.

Trump has already imposed 25% duties on steel and aluminum supplies to the United States, particularly from Europe. He is also threatening to impose similar duties on imports of European cars, pharmaceuticals, and a number of other goods in response to tax and regulatory measures in Europe.

Last week, Trump also promised to impose 200% tariffs on European alcoholic beverages in response to the European Union’s decision to increase duties on imports of American whiskey to 50%. Alcohol producers in both the United States and Europe have already stated that the trade war will cause deep damage to the industry. The introduction of 200% duties will effectively close the US market to European wine producers.

The consequences of mutual threats and retaliatory measures could be even more severe, warns Dan Hamilton, a researcher at Johns Hopkins University and one of the authors of the AmCham EU report. The EU could retaliate against Washington by imposing taxes on American services, in which the United States has a trade surplus.

According to a report by the Chamber of Commerce, Europe receives more direct U.S. investment than other regions of the world combined. Meanwhile, European companies account for almost two-thirds of all direct investment in the United States.

The imposition of tariffs could make it more difficult for European companies to send components manufactured in the region to their own facilities in the United States, while retaliatory tariffs from the EU or another Washington trading partner could make it more difficult to export the final product from the United States, Hamilton said. Political uncertainty may cause companies to refrain from transatlantic investments.

“The ripple effect of the conflict in the trade sphere will not be limited to trade,” the expert emphasizes.

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Number of resident population of Republic of Uzbekistan

According to the National Statistical Committee, as of January 1, 2025, the number of permanent residents of the Republic of Uzbekistan amounted to 37.5 million people.

The permanent population of the Republic of Uzbekistan by years (as of January 1):

– 1920 – 4.4 million people

– 1930 – 4.9 million people

– 1940 – 6.6 million people

– 1950 – 6.2 million people

– 1960 – 8.4 million people

– 1970 – 11.8 million people

– 1980 – 15.8 million people

– 1990 – 20.2 million people

– 2000 – 24.5 million people

– 2010 – 28.0 million people

– 2020 – 33.9 million people

– 2025 – 37.5 million people

Source.

 

Changes in consolidated budget expenditures in 2021-2023 (%)

Changes in consolidated budget expenditures in 2021-2023 (%)

Source: Open4Business.com.ua

Top 10 retailers in Ukraine earned UAH 529.2 bln in 2024

The revenue of the ten largest retailers in Ukraine amounted to UAH 529.2 billion in 2024, with ATB, Silpo and Aurora leading the way, according to the Opendatabot index.

In total, the ten largest companies in the retail segment accounted for almost 12.4% of all-Ukrainian revenue last year.

According to the project, the three leaders in terms of revenue in 2024 were ATB-Market with UAH 208.9 billion (+15.3% y-o-y), Silpo-Food with UAH 93 billion (+9.8%), and Vydyvna Pupka with UAH 38 billion (Aurora, +40.6%).

The top ten retail operators also included Fora (UAH 35 billion, +18.5%), Rozetka (UAH 29.7 billion, +16.8%), Novus (UAH 29 billion, +23%), Metro (UAH 28.7 billion, +12.5%), Rush (EVA stores and online store EVA. UA stores and EVA.

The Opendatabot index is an analytical tool published annually that allows to assess the real state and geography of Ukrainian business. The index is based on data from state registers, Opendatabot, financial statements of companies, information on relations with Russia, sanctions lists and other analytical tools.

As reported, in 2023, ATB, Silpo and Fora were the leaders of the Opendatabot index in the retail category, while in 2022, Epicenter and Metro pushed Fora aside.

Druzhkovka Metal Products Plant reduced its profit by 35% to UAH 15.7 mln

Druzhkovka Metalware Plant (DZMI, Donetsk region) reduced its net profit by 34.8% year-on-year to UAH 15.671 million in 2024.

According to the company’s announcement that it will hold a remote general meeting of shareholders on April 18, the company’s supervisory board will consider the report for 2024 and adopt a decision.
In addition, the agenda includes the approval of the results of the financial and economic activities of the SFRD for 2024, determination of the procedure for distributing profits based on the results of work in 2024, and a decision on the payment of dividends.

According to the draft resolutions available to Interfax-Ukraine, it is planned to approve the amount of net profit based on the results of the plant’s operations for 2024 in the amount of UAH 15.671 million and to decide on the payment of dividends for 2024 in the amount of UAH 0.23 per share. Dividends will be paid directly to shareholders. The balance of net profit is to be left without distribution.

In addition, the shareholders at the meeting should determine the main areas of activity for 2025, decide on the preliminary consent to enter into significant transactions.
DZMI’s net profit amounted to UAH 15.671 million in 2024, UAH 24.049 million in 2023, and UAH 33.832 million in 2022.

Druzhkovka Metal Products Plant specializes in the production of hardware products: bolts, nuts, rivets for general engineering, fasteners for the upper structure of railway tracks, high-strength fasteners for building and bridge structures. In May 2022, the company issued an order to terminate employment contracts due to Russia’s military aggression and the inability to carry out production and business activities. Later, the company changed its legal address from Druzhkivka, Donetsk region, to Dnipro, Dnipro region.

According to the NDU, as of the fourth quarter of 2024, an individual Oleksiy Spyridonov owned 14.9949% of the company’s shares, Olena Mishchenko-Solona (resident of Spain) – 13.0304%, Iryna Mishchenko – 24.5167%, Serhiy Popkov – 5.8611%, Anton Malikov – 9.75%, Olena Malikova – 8.25%, Valeriy and Dmytro Malikov – 9.774% each.
The authorized capital of the company is UAH 3.323 million, the nominal value of 1 share is UAH 0.05.

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