Business news from Ukraine

Business news from Ukraine

High-quality white cabbage started to rise in price in Ukraine

White cabbage started to rise in price on the Ukrainian market this week, according to analysts of the EastFruit project. The main reason for the positive price trend in this segment was a noticeable increase in demand. However, this situation prevailed only in the segment of high quality products.

Under the current conditions, the owners of high-quality cabbage were able to increase their selling prices. Today, they are ready to ship these products in the range of 20-27 UAH/kg ($0.48-0.65/kg), depending on the quality and volume of the offered batches, which is on average 11% more expensive than a week earlier.

At the same time, the supply of white cabbage on the market is quite limited, as many farms prefer not to rush into sales, as they do not rule out that prices for this product may continue to rise in the coming weeks.

It is worth noting that today the price of white cabbage in Ukraine is already on average 2.7 times higher than in the same period in 2023, and most market participants predict further price increases. They justify their opinion by the decline in production of this product in the country, as well as a significant reduction in the share of products suitable for long-term storage.

You can get more detailed information on the development of the market of white cabbage and other fruit and vegetable products in Ukraine by subscribing to the operational analytical weeklyEastFruit Ukraine Weekly Pro. Detailed product information is available here.

Source: https://east-fruit.com/novosti/v-ukraine-nachala-dorozhat-belokochannaya-kapusta-2/

“Ukrposhta” increased its revenue by 12.3%

In January-September 2024, Ukrposhta increased its revenue by 12.28% compared to the same period last year – up to UAH 9 billion 387 million, according to data posted on the website of the Ministry of Communities and Territories Development (Ministry of Development).
According to the report, the company’s gross profit increased 2.4 times in January-September 2023 to UAH 930.69 million, and its net loss decreased by 4.9% to UAH 565.64 million, including UAH 565.64 million in expenses.
Earlier it was reported that in the first half of 2024, Ukrposhta increased its revenue by 10.6% year-on-year to UAH 6 billion 170.2 million, while reducing its net loss by 34.5% to UAH 428.1 million. The company’s gross profit increased 16.6 times from UAH 31.1 million to UAH 550.6 million in the period under review.

Demand for antidepressants and vitamins increased by more than 45%

The demand for antidepressants in 2024 increased by 46% compared to 2023, and for vitamins by 45.5%, according to analysts of the Liki24.com service.

According to the service’s analysts, mental health products and vitamins “became the growth leaders, traditionally second only to seasonal medicines for flu (50%), sore throat (48%), and runny nose (46%).”

At the same time, antidepressants entered the top ten most popular drug groups in terms of orders since February 24, 2022, along with painkillers, high blood pressure, joint and muscle pain, and sedatives.

According to Liki24.com, in 2024, compared to 2023, more people bought medicines for a runny nose (+46%), sore throat (+48%), flu (+50%), antidepressants (+46%), analgesics or painkillers (+40%), and high blood pressure (+11%).

At the same time, the demand for sleeping pills remained almost at the level of 2023.

,

PrivatBank has reduced starting price of Priozerny shopping center to UAH 289.3 mln and put it up for auction

For the fifth time, PrivatBank has put up for auction on the Openmarket electronic platform (SE SETAM of the Ministry of Justice of Ukraine) the shopping center “Pryozernyi” in Dnipro, reducing the starting price to UAH 289.3 million (including VAT).

According to the press service of PrivatBank, the lot includes a six-storey shopping center with an area of 32.4 thousand square meters. The facility’s infrastructure also includes an underground parking lot with an equipped shelter.

According to the announcement, the lot also includes 12 land plots. The winning bidder is also obliged to purchase fixed assets worth UAH 2.2 million.

Built in 2009, the Priozerny shopping center is located in the city center near the Central Market and the railway station. The facility includes shopping galleries, office and warehouse space, entertainment and sports areas. The shopping center’s infrastructure includes an underground parking lot for 100 cars and a surface parking lot for 40 cars.

The auction is scheduled for December 20. The guarantee deposit is UAH 14.4 million.

The starting price of the property at the first auction was UAH 430 million.

As reported, in April 2024, the Supreme Court finally confirmed PrivatBank’s ownership of the Priozerny shopping center, upholding the decisions of the courts of first and appellate instances on the legality of the acquisition of ownership of the facility and dismissing the cassation appeal of Mission-1, which the bank associates with its former owners.

Earlier in 2016, PrivatBank acquired ownership of the shopping center as a loan repayment, at which time its value was over UAH 778 million.

Then, in 2021, the former owner of Priozerny, Mission-1 LLC, filed a lawsuit to challenge the state bank’s ownership of the shopping center and return it to its ownership.

The Commercial Court of Dnipropetrovs’k region dismissed the company’s claim, and later, PrivatBank defended the legitimacy of its ownership of the Priozerny shopping center in the Central Economic Court of Appeal (Dnipro).

, ,

Denmark to provide EUR 6 mln to restore Ukraine’s energy infrastructure

Denmark will provide EUR 6 million to restore Ukraine’s energy infrastructure damaged by Russian attacks.
According to the government portal, this was discussed during a meeting between Deputy Prime Minister for European and Euro-Atlantic Integration and Minister of Justice of Ukraine Olha Stefanishyna and a Danish delegation led by Minister of European Affairs Maria Bjerre Holst, who arrived in Kyiv on a visit.
“At the beginning of the meeting, Maria Bjørre Holst announced a new aid package to restore Ukraine’s energy infrastructure: EUR6 million will be allocated to the Energy Community’s Energy Support Fund for Ukraine,” the statement said.
Stefanishyna thanked Denmark, which is currently one of the leaders among Ukraine’s partners in terms of aid as a percentage of its own GDP.
As reported with reference to the Minister of Energy of Ukraine Herman Galushchenko, the Energy Support Fund of Ukraine since its inception in the spring of 2022 and as of early October has accumulated approximately EUR 700 million for the restoration of Ukrainian energy facilities. Earlier, the Minister said that Denmark became the first sponsor of the Energy Support Fund of Ukraine, contributing to the restoration of the Ukrainian energy infrastructure in April 2022, its first donation amounted to EUR 0.5 million.
The Energy Support Fund for Ukraine was established on the joint initiative of Galushchenko and European Commissioner for Energy Kadri Simson in the spring of 2022. Contributions to the Fund were made by, among others, Germany (about EUR300 million), Australia, the United Kingdom, Austria, Sweden, Iceland, and Estonia.

Debt of Ukrainians on microloans has increased 1.7 times since beginning of year

90% of microloans are taken online

Ukrainians are taking fewer microloans than before the full-scale war. Almost 6 million loans from microfinance organizations (MFIs) totaling UAH 37.11 billion were taken out by Ukrainians in 9 months of 2024. The average loan amount increased by 1.3 times compared to the same period last year to UAH 6,190. And the total debt on microloans has almost doubled since the beginning of the year.

Ukrainians have taken out 5.9 million microloans this year. The amount of loans disbursed reached UAH 37.11 billion. Although the number of loans remained almost unchanged compared to last year, the amount of loans disbursed increased 1.3 times.

The average microloan amount increased by 28% over the year: from UAH 4,830 ($126) last year to UAH 6,190 (approximately $150) this year. It is worth noting that compared to 2021, the amount of a microloan in equivalent terms has even slightly decreased: at that time, Ukrainians borrowed an average of $168.

670 thousand agreements are concluded on average every month this year, the same as last year. For comparison, in 2021, this figure reached 1.2 million per month.

Since the beginning of this year, the total amount of Ukrainians’ microloan debt has increased 1.7 times: from UAH 9.3 billion to UAH 16.02 billion.

It is worth noting that 90% of microloans this year were taken out online, and most agreements were concluded for a period of 3 months to 1 year.

https://opendatabot.ua/analytics/mfo-2024-3