Business news from Ukraine

Consulate General of Ukraine in Toronto sent generators to Kharkiv region – Nikolenko

The Consulate General of Ukraine in Toronto has sent generators to Kharkiv region, and work is underway to send a new batch, Interfax Ukraine reports, citing Ukraine’s Consul General in Toronto, Oleg Nikolenko.

“Russian missile strikes have caused serious damage to the energy infrastructure in many Ukrainian cities. The situation is critical in Kharkiv region. The government and local services are working 24/7 to resolve it. Today we sent generators from Toronto. They will help people to have access to electricity and heat until the general systems are stabilized. We are also working on a new batch,” he wrote on Facebook on Wednesday evening.

“We will pull all possible help from Canada to support our citizens. This is one of the absolute priorities of our work,” Nikolenko emphasized.

He also thanked the management of Meest Canada, a postal and logistics operator, for being a partner in this humanitarian mission.

 

Market for new commercial vehicles in Ukraine grew by 31%

Registrations of new commercial vehicles (trucks and special vehicles) in March 2024 increased by 31% compared to the same month in 2023 – up to 1056 units, which is also 3% (or 31 vehicles) more than in February this year, Ukravtoprom reports on its Telegram channel.

According to the report, the TOP-5 brands of the new commercial vehicle market last month included: Renault – 370 units; MAN – 84 units; Citroen – 67 units; Peugeot – 64 units; and Volkswagen – 58 units.

As reported with reference to Ukravtoprom data, in March 2023, 805 trucks and special vehicles were sold in Ukraine, compared to 108 in the same month in 2022. The top five were Renault (160 units), Mercedes-Benz (93 units), Citroen and Volvo (68 units each), and Scania (60 units).

According to the association, in the first quarter of 2024, almost 2.9 thousand new vehicles were added to the Ukrainian fleet of trucks and special vehicles, which is 28% more than in the same period in 2023.

At the same time, according to AUTO-Consulting, in the segment of trucks with a gross vehicle weight of more than 3.5 tons, sales in March 2024 decreased by 32%, or 144 units, compared to March 2023 – to 305 units. Scania was the leader with sales of 56 trucks, while MAN’s sales amounted to 33 units.

In 2023, according to Ukravtoprom, registrations of new commercial vehicles in Ukraine increased by 65% compared to 2022, to 11.3 thousand units. At the same time, the segment of trucks over 3.5 tons, according to AUTO-Consulting, increased by 56.5%, to 4,853 units.

Geographic structure of Ukraine’s foreign trade in 2023

Geographic structure of Ukraine’s foreign trade in 2023

Source: Open4Business.com.ua and experts.news

Industrial production in Ukraine grew by 5.9% in 2023

Industrial production in Ukraine grew by 5.9% in 2023, while in 2022, according to updated data, the decline was 36.7%, the State Statistics Service (Ukrstat) reported.

According to the State Statistics Service, industrial production in Ukraine increased by 22.6% in December 2023 compared to December 2022, with growth of 19.3% in November and 16% in October.

The State Statistics Service reminds that last year, starting in March, industrial production grew: after a 51.2% jump in March, the recovery slowed to 18.2% in April, 17.9% in May, 13.7% in June, 13.8% in July, 15.5% in August, and 11.7% in September.

The statistics agency clarifies that the data exclude the temporarily occupied territories of the Russian Federation and some of the territories where military operations are ongoing.

Overall, production in the manufacturing industry increased by 12.3% last year.

The production of computers, electronic and optical products grew by 58.8%, rubber and plastic products by 20.7%, machine building by 16.7%, furniture by 16.6%, chemical industry by 15.5%, food industry by 15%, metallurgy by 8%, and woodworking by 3.5%.

The largest decline in the manufacturing industry was shown by the production of coke and refined products – 31.4%.

The statistics agency recorded a 2.3% decline in the supply of electricity, gas and steam in 2023, and a 2.2% decline in the mining industry.

Metal ore production fell the most – by 10.2%, coal – by 3.3%, while oil and gas production remained at the level of 2022.

In nominal terms, in 2023, Ukraine sold industrial products (goods and services) worth UAH 3271.43 billion, which is 16.4% more than in 2022 (UAH 2811.57 billion), including UAH 547.02 billion worth of exports.

The turnover of the extractive and processing industry in December 2023 increased by 26.3% compared to December 2022.

In the total sales of industrial products in 2023, the manufacturing industry accounted for the largest share (56%), electricity, gas, steam and air conditioning (31.2%), mining and quarrying (11.7%), and water supply, sewerage and waste (1.1%).

Ukraine and Portugal preparing security agreement

President of Ukraine Volodymyr Zelenskyy and Prime Minister of Portugal Luiz Montenegro have instructed to start working on a security agreement.

“I had a phone conversation with the newly appointed Prime Minister of Portugal Luiz Montenegro. I thanked him for his personal principled position in support of Ukraine and wished him fruitful work for the prosperity of Portugal,” Zelenskyy wrote on his Telegram channel on Wednesday.

“We discussed the implementation of previous defense agreements between our countries and instructed the teams to begin work on the preparation of a bilateral security agreement within the framework of the G7 declaration. We coordinated future joint contacts,” the president also wrote.

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State Property Fund of Ukraine sold complex of premises of Uman Correctional Colony for UAH 29 million

The State Property Fund of Ukraine (SPFU) has sold a complex of buildings of the Uman Correctional Colony for UAH 29 million at a privatization auction, which is 194 times higher than the starting price.

According to SPF Chairman Vitaliy Koval on Facebook, 42 companies and entrepreneurs participated in the auction. The starting price of the lot was UAH 149.4 thousand.

According to the results of the auction on the Prozorro.Sale website, the winner of the auction was Borys Pakholyuk. According to Clarity Project, he owns a number of agricultural enterprises and farms in Cherkasy and Odesa regions.

The lot includes a complex of non-residential buildings and structures with a total area of 3.1 thousand square meters and a land plot of 0.59 hectares. The property had not been used for more than 20 years.

Koval reminded that the Ministry of Justice transfers unused penitentiary institutions to the SPF for further privatization.

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