Business news from Ukraine

CANADA WILL ISSUE $30 MLN FOR NEW PROJECT OF ASSISTANCE TO UKRAINE

Canada will issue $30 million to finance a new project of assistance to Ukraine aimed at development of entrepreneurship, Canadian Minister of International Development and La Francophonie Mandate Letter Marie-Claude Bibeau has said.
“We have announced a preliminary selection of projects from Ukrainian, Canadian and international organizations. Projects should be aimed at strengthening the role of women in economy and business. The program of assistance to Ukraine will be designed for five years,” she said asked by Interfax-Ukraine at a press briefing in Kyiv.
According to First Deputy Prime Minister and Minister of Economic Development and Trade of Ukraine Stepan Kubiv, currently Canada is implementing 11 international technical assistance projects in Ukraine for a total of $116.8 million.

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FOOD AND GRAIN CORPORATION DOUBLES GRAIN SHIPMENT TO CHINA NATIONAL COMPLETE ENGINEERING CORPORATION

PJSC State Food and Grain Corporation of Ukraine in the 2017/2018 marketing year (MY, July-June) shipped more than one million tonnes of grain to China National Complete Engineering Corporation (CCEC), which is twofold more than for the previous MY.
According to a report on the website of the state corporation, the corporation through its main partner CCEC exports grain to Austria, France, Portugal, the Netherlands, Italy, Egypt, Algeria, Bangladesh, and Tunisia.
The government in August 2010 decided to create the State Food and Grain Corporation of Ukraine. The corporation has a chain of branches, comprised of grain storage facilities, flourmills, fodder factories and a cereals factory. The 53 subdivisions of the corporation can store a total of 3.75 million tonnes of grain, which includes the grain handling capacities of Odesa and Mykolaiv ports of some 2.5 million tonnes of grain cargo per year.

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UKRAINE EXPORTS 891,000 TONNES OF GRAIN

Ukraine since the beginning of the 2018/2019 marketing year (MY, July-June) and as of July 18 had exported 891,000 tonnes of grain.
According to the Ministry of Agrarian Policy and Food, to date the country exported about 278,000 tonnes of wheat, 269,000 tonnes of barley, and 344,000 tonnes of corn.
In addition, 1,900 tonnes of flour had been exported on that date.
As reported with reference to the ministry, according to preliminary data, Ukraine in the 2017/2018 MY (July-June) exported 39.4 million tonnes of grain.

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CONSUMER CONFIDENCE INDEX CONTINUES IMPROVING – GFK UKRAINE

The index of consumer confidence of Ukrainians in June 2018 after a three-month positive trend increased by 2.7 points, to 65.6 (hereinafter on a scale from zero to 200) compared with the May index, and in annual terms it showed an increase of 6.2 points, according to a monthly research by GfK Ukraine. According to research, the index of current personal financial standing showed the greatest positive dynamics, having increased by 8.8 points in comparison with May 2018, to 59.6. “This result might be associated with the gradual growth of real income of the population, as well as with the fact that there is decline in prices of basic food commodities in summer,” GfK Ukraine analysts note.
The index of expected changes in personal financial standing rose by 6.2 points, to 67.3, and in general the index of the current situation in monthly comparison grew by 5.1 points, to 65.5 points, GfK Ukraine said.
Ukrainians in June this year were optimistic about the expectations of the country’s economic development over the next five years: the corresponding index rose by 3.3 points compared to the May figure, to 56.4. Ukrainians also showed a propensity for optimism with respect to inflation expectations: this index fell by 3.4 points, to 187, the study shows.

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