Business news from Ukraine

Business news from Ukraine

Negative balance of Ukraine’s foreign trade increased 2.8 times

The negative balance of Ukraine’s foreign trade in goods in January-November 2023 increased 2.8 times compared to the same period of 2022 – to $24.351 billion from $8.570 billion, the State Statistics Service (Gosstat) said on Monday.
According to its data, exports of goods from the country during the period decreased by 18.9% compared to January-November 2022 – to $32.978 billion, while imports increased by 16.5% – to $57.329 billion.
The State Statistics Committee specified that in November-2023 compared to October-2023, seasonally adjusted exports increased by 3.1% to $2.583 billion, while imports decreased by 9.5% to $4.749 billion.
The seasonally adjusted foreign trade balance in November-2023, as in the previous month, was negative at $2.166 billion compared to $2.741 billion before.
The export-import coverage ratio in January-November 2023 was 0.58 (0.83 in January-November 2022).
State Statistics specified that foreign trade operations were conducted with partners from 228 countries.
For more details on the situation in the Ukrainian and global economy, see the video on the YouTube channel “Club of Experts” at the link:
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“Ukrnafta” increases oil and condensate production by 2.9%, gas production by 5.8%

In 2023, PJSC Ukrnafta increased oil and condensate production by 3% (by 39.9 thousand tons) compared to 2022, to 1 million 409.9 thousand tons, the company’s press service said on Monday.

Last year’s production of natural and associated petroleum gas amounted to 1 billion 97.4 million cubic meters, which is 5.8% (60.4 million cubic meters) more than in 2022.

“I would like to thank the company’s team for not only holding the natural decline in a full-fledged war year, but also increasing production. In difficult conditions, you have made every effort to achieve results,” said Sergiy Koretsky, Ukrnafta’s CEO.

According to him, in 2024, Ukrnafta plans to drill new wells and intensify production, invite partners to the fields and replace old Soviet and Russian equipment with modern world-class models.

As reported, in 2022 the company produced 1.37 million tons of oil and condensate and 1.037 billion cubic meters of gas.

“Ukrnafta’s strategic goal is to double its oil and natural gas production to 3 million tons and 2 billion cubic meters by 2027, respectively.

“Ukrnafta is Ukraine’s largest oil producer and operator of a national network of 537 filling stations, of which 456 are in operation.

Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share. On November 5, 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer the corporate rights of the company owned by private owners, which is now managed by the Ministry of Defense, to the state.

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USDA raises forecast for wheat production and exports in Ukraine

The US Department of Agriculture (USDA) has raised its forecast for Ukrainian wheat production in the 2023/24 marketing year (MY, September 2023 – August 2024) by 0.9 million tons to 23.4 million tons and for exports by 1.5 million tons to 14 million tons.

According to the USDA’s January report, Ukraine’s ending stocks will also increase by 1.8 million tons to 4.38 million tons.

For corn, the USDA left the harvest, exports and ending stocks in Ukraine unchanged: 30.5 million tons, 21 million tons and 6.82 million tons respectively.

In general, the updated global wheat crop forecast for the 2023/24 grain year was improved by 1.9 million tons to 784.91 million tons, due to the positive revision of estimates for Ukraine and Russia, while the forecast for China was lowered. The forecast for global wheat exports was also raised by 2.35 million tons to 209.54 million tons. The experts also revised the forecast for global wheat ending stocks upwards by 1.83 million tons to 260.03 million tons.

For corn, the forecast for global production in January was raised by 0.0137 million tons to 1.235 million tons, while exports were lowered by 0.57 million tons to 200.89 million tons. Ending stocks will rise by 10 million tons to 325 million tons.

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Special offer in Bucha from ADONIS

How to help the dearest person who needs constant medical care or inpatient examination for health reasons? How to help on days when you can’t be there? How to improve their health during an exacerbation of the disease? There is a way out.

We understand that you are worried about your loved one’s condition and are ready to provide the best medical care possible.

Contact our specialists to improve the quality of life of your loved ones. Discuss with them the benefits of medical care at ADONIS and take advantage of the special offer.

Terms of the special offer:

– Special price for services for people with disabilities of all categories and people who have a pension certificate (by age or other status):

– Medical support of a patient in a ward for two or more people – UAH 1,100;

– Medical support for a patient in a single room – UAH 2,200;

– The program includes inpatient medical care (excluding the cost of medicines) and meals;
– The special offer is valid until 31.03.24;
– The program is available at the ADONIS Medical Center in Bucha: 52, Nove Shosse St;
– For pensioners who need examinations (CT, MRI) and other medical services (except for hospitalization), a 20% discount is available. It can be used if you have a pension certificate;
– The 20% discount does not apply to persons who are serviced under the terms of insurance contracts;

Important! A member of the ADONIS Family who has purchased an annual service program for UAH 3,500 (instead of UAH 5,900) and access to super prices for other services (discounts of up to 25%) additionally gets the opportunity to undergo inpatient two-week rehabilitation at a promotional price of UAH 28 thousand.

Services available at the Bucha Medical Center

– Consultation of multidisciplinary adult and pediatric doctors;
– Modern diagnostic department (X-ray, ultrasound of organs and systems, gastroscopy, colonoscopy, etc;)
– A full-fledged rehabilitation department;
– Ability to transport patients by ambulance;
– Own clinical laboratory;
– Comfortable in-patient facilities for adults and children.

Important! To receive a 20% discount, you must present a pension certificate.

Indications for hospitalization:

– Asthenic syndrome;
– Spinal diseases (hernias, protrusions, osteochondrosis);
– Osteoarthritis of the joints;
– Osteoporosis;
– Paralysis of various genesis;
– Migraine;
– Multiple sclerosis;
– Parkinson’s disease;
– Tremors, hyperkinesis;
– Neuroses, sleep disorders, depression;
– Neuritis, neuralgia;
– Arthralgia, myalgia, sciatica;
– Post-stroke disorders;
– Amyotrophic lateral sclerosis;
– Condition after traumatic brain injury (rehabilitation);
– Hypertension.

Given the availability of our own emergency medical service, we are able to quickly and efficiently conduct a CT or MRI examination in the network of ADONIS centers.

To call the ADONIS emergency team, dial the number 0 800 707 707

Contraindications for hospitalization:

– Disturbance of consciousness;
– Acute cerebrovascular accident;
– Acute coronary circulation disorder;
– Acute abdominal pain;
– Infectious diseases in the acute period;
– Acute renal failure, the need for dialysis;
– Oncology;
– The need for round-the-clock monitoring of vital functions and intensive care.

What is the procedure for inpatient admission?

The decision on hospitalization is made by a neurologist after a free online consultation. During the meeting with the patient or his/her representative, based on the patient’s complaints and careful review of the results of previous examinations, our specialist analyzes the patient’s information and determines the need for hospitalization.

For more details and to make an appointment for an online consultation, please call the contact center: 0 800 707 707, or at the administrator of any ADONIS branch.

For those who want to know how to purchase an ADONIS Family club card, please follow the link

When making an appointment, please inform us that you want to take advantage of special offers.

Entrust the care of your loved one to professionals.

The team of ADONIS clinics takes care of your health!

Adonis is a network of private medical centers for adults and children. The Adonis private clinic was founded more than 20 years ago.

Its network includes 12 branches in Kyiv and the region, including two own maternity hospitals and a stem cell laboratory.

In the clinic’s branches, doctors treat patients in 66 medical areas.

During the war, the branches with surgical units continue to help patients by providing quality medical care to military and civilians.

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Oil prices rise, Brent $78.5 per barrel

Oil prices are rising on Monday amid continued tensions in the Middle East.

The United States on Saturday launched a new strike on Yemen in response to the launch of a ballistic missile by the Yemeni Houthis at shipping lanes in the Red Sea. According to Western media, the strike hit a single target – a radar used by the Houthis.

On Friday, the United States and the United Kingdom launched a series of airstrikes on military facilities belonging to the Houthis in Yemen.

The cost of March futures for Brent crude oil on the London ICE Futures exchange as of 7:20 a.m. is $78.49 per barrel, which is $0.2 (0.26%) higher than at the close of the previous trading. On Friday, these contracts rose by $0.88 (1.1%) to $78.29 per barrel.

Futures for WTI for February in electronic trading on the New York Mercantile Exchange (NYMEX) have risen in price by this time by $0.12 (0.17%) to $72.8 per barrel. As a result of the previous trading, the value of these contracts increased by $0.66 (0.9%) to $72.68 per barrel.

On Friday, the rise in the price of Brent at one point exceeded 4%, but by the end of the session it was only 1.1%. Over the past week, Brent fell by 0.6%, while WTI fell by 1.5%.

Market fluctuations show that traders currently do not see any serious risks of a reduction in oil production in the Middle East and oil supplies from the region due to the current conflict, Bloomberg writes.

Currently, prices “do not include a geopolitical risk premium, so Brent could rise above $80 per barrel if the conflict in the Middle East continues to escalate,” said Rob Tammel, portfolio manager at Tortoise Capital Advisors, as quoted by Market Watch.

“Currently, events in the region do not affect the supply of oil on the world market,” said Warren Patterson, who is responsible for commodity strategy at ING Groep NV. – “In the absence of supply disruptions, the situation on the oil market remains comfortable, despite the Middle East tensions.

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