Business news from Ukraine

Business news from Ukraine

Nearly bln Muslims around world celebrate main Islamic holiday, Eid al-Adha

Nearly a billion Muslims in the world are celebrating Wednesday the main Islamic holiday, the Day of Sacrifice, also known as Eid al-Fitr and Eid al-Adha.
Any Muslim who can afford it must sacrifice an animal, and one person can limit himself to a sheep, but for a group of up to ten adherents of Islam one cattle is enough. The animal should be rather young and without any physical defects. Two thirds of meat of a sacrifice should be given to poor people, and the rest goes to a festive meal of a family.
The sacrifice is performed by Muslims in memory of the Prophet Ibrahim’s readiness to sacrifice his son Ishmael to the Most High to prove his loyalty to God. However, the Almighty, having tested Ibrahim, stopped his hand over his son and sent him a white lamb to be sacrificed.
During Eid al-Adha, it is customary to wear new or at least better clothes, to go visiting, to give gifts, and to visit the graves of loved ones.
In Saudi Arabia, the Festival of Sacrifice is the culmination of the hajj, the annual pilgrimage of Muslims to the shrines of Mecca and Medina. About 2.5 million worshippers gathered there this year, 2.5 times more than last year, when the world was still reeling from the pandemic and related health and visa restrictions.

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Structure of foreign exchange reserves as of 30.04.2023

Structure of foreign exchange reserves as of 30.04.2023

Source: Open4Business.com.ua and experts.news

Retail trade turnover in Ukraine in January-March 2023 decreased by 9.1%

Retail trade turnover in Ukraine in January-March 2023 compared to the same period in 2022 decreased by 9.1% to 390.1 billion UAH, the State Statistics Service (Derzhstat) said on Tuesday.

According to the State Statistics Service, at the same time in March this year there was a 35.5% increase in retail turnover compared to March last year, while in February the decline was 22.6%.

State Statistics Committee specifies that retail trade turnover (legal entities) in the first quarter of 2023 compared to the first quarter of 2022 decreased by 11.2%, amounting to 262.7 billion UAH.

This figure increased by 35.4% in March 2023 compared to March 2022, while in February the decline was 25.2%.

Gosstat reminds that the data are given without taking into account the temporarily occupied territories of Crimea, Sevastopol, part of the Donetsk and Lugansk regions.

As reported, in 2022 the retail turnover in Ukraine fell by 21.4%.

More than 150 Polish farmers blocked the road demanding a ban on imports of Ukrainian raspberries

More than 150 farmers blocked a road in the village of Elżbieta in Poland’s Lublin Voivodeship demanding a ban on imports of Ukrainian raspberries due to lower purchase prices at Polish fruit and vegetable freezing companies, SadyOgrody reports.

Polish farmers consider the prices offered by processing companies to be too low, and intensive imports of raspberries from Ukraine further worsen the situation on the Polish domestic market.

According to the Polish newspaper, the first strike by berry growers took place last Monday. During a larger protest on June 27, about 150 raspberry growers blocked traffic at the Elżbieta roundabout in Lublin Oblast. The organizers hope that the number of participants will increase with each subsequent protest.

“In the coming days, the producers are planning further actions against too low raspberry prices. Tomorrow there will be another protest in Annopol. The producers intend to block the entrances to processing plants to block the delivery of Ukrainian raspberries there,” the publication notes.

As reported, on June 16, the Association of Gardeners of the Republic of Poland sent a letter to the Minister of Agriculture of Poland Robert Telusz with a request to take urgent measures to stop the import of strawberries from Ukraine, limit it and then completely stop it.

The business association insisted on the introduction of a system of official quality control of each batch of fruits and berries entering the country, especially for plant protection products (PPPs) residues, and also proposed to suspend further trade in the product until the results of the examination are received.

Source: https://www.sadyogrody.pl/prawo_i_dotacje/104/protest_producentow_malin_na_lubelszczyznie_mamy_zdjecia,36004.html

Liquidity of banking system of Ukraine, bln UAH

Liquidity of banking system of Ukraine, bln UAH

Source: Open4Business.com.ua and experts.news

Ukrainian online cab service Uklon entered the market of Uzbekistan

Ukrainian online cab service Uklon has announced the entry into the market of Uzbekistan, will begin its work in the country from the capital city of Tashkent, the press service of Uklon said on Thursday.
The company told the agency that it plans to begin providing services in the new market as early as the end of June.
According to the release, Uklon will provide solutions for online booking of cars in Uzbekistan, including Uklon App – an application for passengers and Uklon Driver App – an application for drivers. The company will also provide delivery service.
It is specified that entering the market of Tashkent is an important step in the strategy of expansion of the Ukrainian IT-company.
Uklon – Ukrainian IT-product company, the developer of the eponymous online service call for cars. For 13 years of work Uklon has significantly expanded its geographical coverage in Ukraine and today works in 27 cities of the country and mobile application Uklon downloaded more than 12 million times.
As reported on May 3 this year Uklon announced the entry into the market of Azerbaijan.

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