VILNIUS. Jan 21 (BNS) – Organizers of exhibitions are turning to the Ukrainian market as the free trade area agreement between the European Union and Ukraine, which came into force in the beginning of 2016, increases the interest of entrepreneurs in the country, writes the Verslo zinios business edition.
“Over the last two years interest in the Ukrainian market has fallen markedly compared to 2013, but this year we feel recovery, more and more requests appear, enterprises are interested in business opportunities in Ukraine,” director of the Autare company organizing exhibitions Tadas Dilys said.
According to him, Lithuanian companies are most interested in exhibitions in the field of construction and beauty industry.
Consensus Europae Director Simonas Zunda also confirmed the growth of such interest. He said in the past year they took only a few companies to Ukraine, while about 70 enterprises plan to attend exhibitions in 2016-2017.
According to the Ministry of Economic Development and Trade, Ukraine plans in 2016 to hold 64 exhibitions. Of these 33 will be organized in Kyiv, eight in Zaporizhia, seven in Lviv, four in Dnipropetrovsk and Odesa, and three in Kharkiv.
KYIV. Jan 21 (Interfax-Ukraine) – Pharmacy sales in Ukraine in 2015 in monetary terms increased by 18% compared to 2014, to UAH 47.144 billion, while in natural terms they decreased by 18%, to 1.314 billion packages, Business Credit company has told Interfax-Ukraine.
According to the company, in particular, retail sales of medicinal products in 2015 in monetary terms increased by 18%, to UAH 38.6 billion, in natural terms fell by 18%, to almost 818.595 million packs.
Pharmacy sales of cosmetics in the 12 months of 2015 in value terms grew by 25%, to UAH 1.061 billion, while in real terms declined by 14%, to 27.117 million packs.
In addition, Business Credit noted that the average weighted price of goods of a pharmacy basket over 2015 increased by 43%.
KYIV. Jan 20 (Interfax-Ukraine) – Ukraine fully used the European Union’s tariff quotas for the supply of maize, wheat, poultry, honey, oats, grape and apple juice, processed tomatoes, barley groats, and flour in 2015, the Ukrainian Ministry of Agrarian Policy and Food has reported.
What is more, the sugar quota was used by 99%, that of malt and wheat gluten by 73%, starch by 9.6%, ethanol by 4.5%, garlic by 8.8%, and barley by 77.7%.
As reported, Ukraine is allowed to supply 36 groups of commodities to the EU on a duty-free basis within the quotas approved under the Ukraine-EU Association Agreement.
Namely, the beef quota is set at 12,000 tonnes, that of milk, yoghurt, fermented milk products at 8,000 tonnes, milk powder at 1,500 tonnes, creamery butter at 1,500 tonnes, egg products at 1,500 tonnes, eggs at 3,000 tonnes, and pork at 40,000 tonnes.
Tariff quotas within the EU’s autonomous trade preferences are set at 950,000 tonnes for wheat, 250,000 tonnes for barley, 400,000 tonnes for maize, 20,00 tonnes for sugar, 5,000 tonnes for honey,10,000 tonnes for, processed tomatoes, 10,000 tonnes for grape and apple juice, 4,000 tonnes for oats, and 500 tonnes for garlic.
KYIV. Jan 20 (Interfax-Ukraine) – Cypriot company Funemi Limited intends to acquire 100% of shares in PJSC Renaissance (Brovary, Kyiv region), part of NEST group of companies (Kyiv).
According to a company report in the information disclosure system of the National Commission on Securities and the Stock Market, Funemi Limited plans to acquire 322 million common registered shares in PJSC Renaissance.
As indicated in the report, as of January 12, 2016 Funemi Limited did not hold shares of PJSC Renaissance.
PJSC Renaissance was created in 2003. Its core business is leasing and operating own or rented real estate.
As of January 19, 2015, 100% of the charter capital or 322 million ordinary registered shares of the company with a nominal value of UAH 0.1 belonged to an individual. The director general of the company is Mykola Shnipko.
KYIV. Jan 20 (Interfax) – Israeli Ambassador to Kyiv Eliav Belotserkovsky is hopeful that Ukraine and Israel will sign a free trade area agreement before the end of 2016.
“I hope that we will be able to sign a free trade area agreement with Ukraine before the end of the year,” he said at a press conference in Kyiv on Tuesday.
The two countries’ mutual trade stood at $800 million, a decline as compared to the previous period, he said. Israeli exports to Ukraine dropped, while Ukraine’s exports to the Israeli market grew 4% to some $600 million-$650 million.
At the end of 2015, Ukrainian President Petro Poroshenko, speaking after his talks with the Israeli leadership, announced the two countries’ plans to sign a free trade area agreement in the first half of 2016.
KYIV. Jan 19 (Interfax-Ukraine) – Ukrainian Minister of Foreign Affairs Pavlo Klimkin and EU Trade Commissioner Cecilia Malmstrom met in Brussels on Monday to discuss prospects for facilitation of the economic impact of the implementation of a deep and comprehensive free trade area (DCFTA) between Ukraine and the EU.
“The parties welcomed the introduction the deep and comprehensive free trade area as of January 1, 2016, and confirmed the plans to coordinate efforts to ensure tangible positive results both for businesses and for consumers in Ukraine and the EU within the shortest time possible,” the Ukrainian Foreign Ministry’s press service reported after the Klimkin-Malmstrom meeting on Monday.
The sides paid special attention to the impact of the discriminatory measures introduced by Russia to limit Ukrainian imports onto the Russian market and Ukrainian transit shipments through Russian territory to third countries’ markets.
“Klimkin suggested considering a package of joint measures aimed at strengthening the economic impact of the DCFTA implementation by promoting investment and business contacts between Ukraine and the EU, and the EU’s assistance in developing Ukraine’s export potential, further liberalization of access of certain categories of Ukrainian exports to the EU market, and the coordination of measures to be taken by Ukraine and the EU within the WTO,” the report said.
The parties also agreed to coordinate joint efforts in that direction.
