Business news from Ukraine

Germany hands over another Iris-T air defense system to Ukraine

German Defense Minister Boris Pistorius announced the transfer of another Iris-T air defense system to Ukraine, the German defense ministry’s social network X reported on Friday.

“We have once again delivered to Ukraine a combined fire unit consisting of the IRIS T SLM and IRIS T SLS, a modern and well-proven medium and short-range air defense system, directly from the German industry,” Pistorius said.

He noted that the new air defense system will strengthen Ukraine’s air defense along with the recently delivered Patriot system.

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EU countries imported 164 thousand tons of honey in 2023 for EUR 359 mln

In 2023, the countries of the European Union imported 163.7 thousand tons of honey for a total of EUR359.3 million, according to the Statistical Office of the European Union (Eurostat).

Exports of honey from the EU countries amounted to only 24.9 thousand tons worth EUR146 million.

Over 10 years, since 2013, imports have increased by 20%, exports – by 14%.

Last year, the main suppliers of honey to the EU were China (60.2 thousand tons, or 37% of all foreign supplies), Ukraine (45.8 thousand tons, 28%), Argentina (20.4 thousand tons, 12%), Mexico (10.7 thousand tons, 7%) and Cuba (4.7 thousand tons, 3%).

The UK became the main importer of honey from the European Union – 4.3 thousand tons. Saudi Arabia, Switzerland and the United States imported more than 3 thousand tons.

The largest buyer of foreign honey among the EU countries was Germany, which imported 41 thousand tons in 2023. Belgium took the second place (31.4 thousand tons), and Poland was the third (23.3 thousand tons). Spain was the leading exporter (7.1 thou tons).

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Dynamics of export of goods in Jan-Feb 2024 by most important items in relation to same period of 2023, %

Dynamics of export of goods in Jan-Feb 2024 by most important items in relation to same period of 2023, %

Source: Open4Business.com.ua and experts.news

“Ukrzaliznytsia” plans to purchase up to 80 modern powerful electric locomotives

Ukrzaliznytsia JSC (UZ) plans to purchase up to 80 modern powerful electric locomotives with funds from the European Bank for Reconstruction and Development (EBRD) and the World Bank’s RELINC project.

According to the company’s press service on Friday, the relevant tender was published on the EBRD portal. Applications will be accepted until July 22, 2024.

“According to the terms of the tender, the participants must submit two versions of the tender proposal – for the supply of 30 or 80 locomotives, depending on the availability of funding,” Ukrzaliznytsia said in a statement.

The expected total cost of the project is EUR400 million. Part of this amount – EUR 300 million – will be allocated by the EBRD under a guaranteed sovereign loan. In parallel, the project will be supported by an investment grant of $190 million from the US government, managed by the World Bank (WB) through the Ukraine Relief, Recovery, Reconstruction and Reform Trust Fund (URTF) under the WB-managed Restoration of Critical Logistics Infrastructure and Network Connectivity (RELINC) project.

“The tender requirements stipulate that the winner, in addition to supplying locomotives, must create conditions for the maintenance and warranty repair of new traction rolling stock in Ukraine,” Ukrzaliznytsia said.

The company called this an evolutionary step, noting that it is not only purchasing equipment but also changing its approach to its maintenance.

“It will also allow us to localize the capacities for maintenance and repair of locomotives in Ukraine as much as possible,” Ukrzaliznytsia emphasized.

Earlier it was reported that the Export-Import Bank of the United States approved a decision on loan financing for the renewal of the traction rolling stock fleet with 40 diesel locomotives manufactured by Wabtec. The bank is expected to provide financing in the amount of $156 million for a period of 15 years.

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Agrarians sowed 96.4% of spring crops for harvest of 2024

As of May 23, Ukraine sowed 5.4 million hectares with grains and legumes, which is 96.4% of the forecasted spring crops for 2024, the press service of the Ministry of Agrarian Policy and Food reported on Friday.

According to the report, 252.5 thou hectares were planted with wheat (249 thou hectares a week earlier), which is 102.6% of the plan, 782.2 thou hectares with barley (781.6 thou hectares) or 95.6%, 162.5 thou hectares with peas (162.1 thou hectares) or 101.6%, 163.7 thou hectares with oats (162.7 thou hectares) or 100.7%. hectares) or 100.7%, millet – 60 thou hectares (43.1 thou hectares) or 70%, buckwheat – 85.5 thou hectares (48.1 thou hectares) or 68%, corn – 3.809 mln ha (3.57 mln ha) or 97% of the plan, other grains and legumes – 84.4 thou hectares or 91% of the plan.

Last week, the farmers sowed 311.7 thou hectares of spring crops. A week earlier, this figure was 784.7 thou hectares, and 912.9 thou hectares the week before.

In addition, sunflower was sown on 4.958 mln ha, or 94% of the plan (a week earlier the figure was 4.605 mln ha), soybeans – on 1.83 mln ha, or 92% (1640.9 mln ha), sugar beet – on 250.1 thou ha.

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MTIBU has created free online course on basics of new law on CMTPL

The Motor (Transport) Insurance Bureau of Ukraine (MTIBU) will conduct an introductory course on the main provisions of the draft law “On Compulsory Insurance of Civil Liability of Owners of Land Vehicles” in connection with the adoption of the draft law by the Verkhovna Rada on May 21, 2024, the Bureau’s website reports.

The introductory course will consist of four sessions (by sections of the draft law), which will be held on the official YouTube channel of the MTIBU on Fridays at 10:00 a.m., lasting 1 hour and 30 minutes, of which 30 minutes will be allocated for answering questions.

Approximate plan of lectures: 1 session: Basic principles of the New Law on MTPL and the procedure for concluding insurance contracts (I-II sections of the draft law), 2-3 sessions: Settlement of insurance claims and the procedure for making payments (Section III of the draft law), Session 4: Updating the functional work of the MTIBU and the basic principles of insurance companies’ membership in the Bureau (Section IV of the draft law).

To participate in the online course, you do not need to register, just follow the link on the specified day at 10:00.

Session links:

31.05.2024 https://www.youtube.com/live/hIQEzWFqQqc

07.06.2024 https://www.youtube.com/live/sy_nYwJzV7c

14.06.2024 https://www.youtube.com/live/EjkFx85kJ6I

21.06.2024 https://www.youtube.com/live/quhN5IfmApc

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