Business news from Ukraine

Business news from Ukraine

UKRAINIAN MARKET OF IMPORTED ALCOHOL WILL GROW BY 10% IN 2019

The market of imported alcohol in Ukraine in 2019 will grow by 8-10%, Bayadera Group, one of the largest alcohol companies in the Ukrainian market, predicts.
“According to experts, the imported alcohol market in 2019 will grow by 8-10%. Significant development is expected in the segment of foreign wines, while premium and luxury brands will have a steady increase of 2-3%,” the press service of Bayadera Group reported.
According to Bayadera Group, the structure of the import market in Ukraine has changed towards still wines (25%) and whiskey (20%). Sparkling wine and champagne (15% each) rank third among imported alcohol, brandy and cognac (about 12%) rank fourth, while rum (10%) is fifth.
According to the report, Bayadera Group imports almost all categories of alcohol, sales of imported products in 2018 increased by 17%. The main imports are Italian, French, Spanish, Chilean and German wines. The company intends in 2019 to focus on manufacturers, with which it already works, it does not plan to bring new large brands to the market.

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ZELENSKY RECEIVES 30.23% OF VOTES

The Central Election Commission (CEC) has received data of 99.88% of the protocols in the presidential elections of Ukraine.
Voting data are expected in Vinnytsia region (99.81% of protocols have been processed), in Kyiv region (99.36% of protocols have been processed), in Odesa region (99.31% of protocols have been processed), in Kherson region (99.87% of protocols have been processed), and in Chernivtsi region (98,23% of protocols have been processed).
Presidential candidates Volodymyr Zelensky and incumbent President Petro Poroshenko have received 30.23% and 15.95% of votes cast on March 31, respectively. Thus, they go into a second round of elections.
Some 13.39% of voters cast ballots for Batkivschyna Party leader Yulia Tymoshenko, followed by Opposition Platform – For Life candidate Yuriy Boiko with 11.67%.
Civil Position Party leader Anatoliy Hrytsenko received 6.91%, followed by ex-SBU State Security Service head Ihor Smeshko with 6.04%, Radical Party leader Oleh Liashko with 5.47%, Opposition Bloc leader Oleksandr Vilkul with 4.15%, and Svoboda Party leader Ruslan Koshulynsky with 1.62%.
Other candidates had less than 1% of the vote. Some 1.18% of ballots cast were ruled invalid.
According to the law, the presidential elections in Ukraine are held in two rounds. If in the first round on March 31 one of the candidates gets more than 50% of the votes cast, he is declared the winner. Otherwise, a second vote is held (second round), in which two candidates, who have scored the most votes in the first round, take part.

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MAIN STATISTICS OF UKRAINE IN FEB, 2019

The real gross domestic product (GDP) of Ukraine in 2018 grew by 3.3% after raising by 2.5% in 2017 and by 2.4% in 2016, the State Statistics Service has stated.
Real wages in Ukraine in February 2019 compared with February 2018 increased by 10.7%, while compared with January 2019 it decreased by 1.7%, the State Statistics Service has reported.
Total wage arrears in Ukraine in January 2019 decreased by 1.2%, and as of February 1, 2019 amounted to UAH 2.614 billion, the State Statistics Service has reported.
Exports of goods from Ukraine in January 2019 from January 2018 grew by 9.2%, to $4.066 billion, while imports increased by a mere 0.7%, to $4.045 billion, the State Statistics Service has reported.
The annual inflation rate in Ukraine in February is in line with the forecast of the central bank, according to the website of the National Bank of Ukraine (NBU).
Inflation in Ukraine in February 2019 was 0.5% compared with 1% in January and 0.8% in December last year, the State Statistics Service of Ukraine has reported.
Industrial prices in Ukraine in February 2019 increased by 1%, as a month earlier, after decreasing in December 2018 by 0.4% and growing in November 2018 by 1.7%, the State Statistics Service has reported.
The deficit of the national budget of Ukraine in January-February 2019 amounted to UAH 13.7 billion, in particular the general fund deficit was UAH 28.65 billion with the target being UAH 28.32 billion, according to the State Treasury Service.
The revenues of the national budget of Ukraine in February 2019 amounted to UAH 70.2 billion, which is 8.3% more than the target and 24.8% more than in February 2018, in particular UAH 56.6 billion was sent to the general fund, or 2.1% less than the target and 12.2% more year-on-year, according to data released by the State Treasury Service.
Revenue of Ukrainian banks, not taking into account insolvent ones, in January and February 2019, totaled UAH 39.279 billion, which is 40.4% more than a year ago, according to a posting on the website of the National Bank of Ukraine (NBU).
The total public (direct) and state-guaranteed debt of Ukraine in February 2019 decreased by 0.02% compared with January 2019, to $78.24 billion, the Ministry of Finance has reported. Ukraine’s payments on gross external debt in 2019 will be $15.7 billion, according to data on the website of the National Bank of Ukraine (NBU).
Industrial production in Ukraine in February 2019 decreased by 1.8% compared with February 2018, which is better than the figure in January, when the decline was 3.3%, the State Statistics Service has reported.
Capital investment in agriculture in 2018 totaled UAH 90 billion, including UAH 25 billion invested in processing, Ukrainian Prime Minister Volodymyr Groysman has said.
Transport enterprises of Ukraine in January and February 2019 increased cargo transportation by 5.9% compared to January and February 2018, to 103.1 million tonnes. The transport companies of Ukraine in January and February 2019 reduced passenger traffic by 6% compared with January and February 2018, to 685.4 million people.
The volume of construction work carried out in Ukraine in February 2019 increased by 19.4% compared with February 2018, while in January 2019 from January 2018 this figure increased by 6.2%.
Retail trade turnover in Ukraine in comparable prices in January and February 2019 increased by 6.8% compared to January and February 2018, to UAH 150.913 billion, the State Statistics Service has reported.