Nibulon (Mykolaiv), one of the largest grain traders in Ukraine, is launching a new comprehensive project involving the construction of a port complex in Ochakiv (Mykolaiv region), which will become the base for the company’s fleet.
“Our company is starting to work on the implementation of a new complex project at the mouth of the Dnipro-Buzky estuary. The base for this project will be Ochakiv fish canning plant, whose property we purchased at an auction. That is why our investment program at the mouth of the Dnipro-Buzky estuary will include two parallel directions,” Nibulon CEO Oleksiy Vadatursky said on his Facebook page.
According to him, the matter concerns the construction of a port complex and the restoration of fishing industry, in particular, the processing and canning of fish, crustaceans and mollusks in the Dnipro-Buzky estuary.
“This is a complex project, therefore we are also considering the possibility of building a specialized fleet for the needs of this industry at our own shipbuilding plant,” Vadatursky said.
Nibulon was established in 1991. It is one of the largest operators in the grain market of the country.
Grain and leguminous crop stocks in Ukraine as of December 1, 2018 grew by 25.8% year-over-year, reaching 34.068 million tonnes, according to the UkrAgroConsult analytical agency with the reference to the State Statistics Service.
According to a report on the website of the agency, the indicators grew thanks to a rise of 59.3% in corn stocks, as the corn harvest hit a record, being 22.655 million tonnes. Stocks of other crops showed a decline. The largest decline was recorded for rye – 37%, to 124,700 tonnes.
As reported, referring to the Agricultural Policy and Food Ministry of Ukraine, grain harvest in Ukraine in 2018 was around 70.1 million tonnes compared with 62 million tonnes last year.
Ukraine exported 39.9 million tonnes of grain in the 2017/2018 agricultural year. Grain exports in the 2018/2019 agri-year are projected to be 47.2 million tonnes.
Ukrainians registered 11,000 cars with foreign license plates, which were registered in the temporary importation or transit regimes, in one month, the State Fiscal Service of Ukraine reported on its website on Thursday.
“From November 25 through December 26, 2018, citizens cleared 11,000 vehicles with foreign license plates, which have been imported to the customs territory of Ukraine since January 1, 2015 until the new rules of importation of these vehicles took effect,” the authority said.
Almost 9,600 out of cleared vehicles stayed in the country in violation of the Ukrainian legislation, the State Fiscal Service said.
On December 26, almost 1,400 vehicles were cleared.
As reported, Ukraine’s Verkhovna Rada passed bills cutting the excise duty on vehicles and toughening supervision over the movement and use of vehicles registered in other states. The preferential excise duty (with the 0.5 factor) was set for owners of cars with foreign licenses plates for clearing their vehicles within 90 calendar days.
The Cabinet of Ministers of Ukraine has approved a bill reducing the preferential imports duty on yarn (other than sewing thread) of synthetic staple fibers used for production of sewing thread from 4% to nil.
The bill amending the Customs Tariff of Ukraine was approved at a government meeting on Thursday.
According to the bill, the law will take effect in 45 days from the moment of its publication.
Nil rates are set for multiple (folded) or cabled yarn (Ukrainian Commodity Code 5509 22 00 00, as well as mixed mainly or solely with cotton yarn (5509 53 00 00). At present the preferential rate is 4% and the full rate is 15%.
According to the explanatory note to the document, the bill was designed pursuant to an order from the Cabinet of Ministers on the results of a meeting between the Prime Minister and the heads of light industry enterprises in Bohuslav in January 2018.
Today the work of light industry enterprises is more than 90% dependent on imports of raw materials, including cotton fiber, chemical fibers and threads, wool, yarn, fabrics, dyes that are not produced in Ukraine or are limited.
Over the past three years, imports of sewing threads only from synthetic staple fibers made of yarn mentioned in the draft and widely used by the population and more than 1,500 domestic enterprises producing clothing reached more than 1,100 tonnes worth $8.1. million, according to the document.
At the same time, more than 80% of volumes are imported from China (60%) and Turkey (20%) with a zero rate of duty.
At the same time, at the end of 2017, a new domestic facility producing sewing threads under the Barva trademark (the group of companies Textile-Contact) was created in Ukraine, and the raw materials for their production are subject to a 4% import duty.
The main suppliers of this yarn are China, India, and Indonesia.
