Business news from Ukraine

Business news from Ukraine

Agrarians in all regions of Ukraine harvested 44.5 mln tons of new crops

As of September 20, farmers in all regions of Ukraine have harvested 44.5 million tons of new crops from 12.5 million hectares, up from 39 million tons from 10.9 million hectares a week earlier.
As reported by the Ministry of Agrarian Policy and Food on Friday, 31.9 million tons (30.08 million tons) of grain, 11 million tons (8.2 million tons) of oilseeds and 1.7 million tons (741.5 thousand tons) of sugar beet have already been harvested.
It was specified that the harvest of wheat has been completed, with 22.3 million tons harvested from 4.9 million hectares at a yield of 42.4 c/ha, barley – 5.5 million tons from 1.41 million hectares at a yield of 39.2 c/ha, peas – 465.3 million tons from 212.2 thousand hectares at a yield of 21.9 c/ha.
Corn harvesting continues, with 2.4 million tons harvested (255.3 thousand tons a week earlier) from 514 thousand hectares, buckwheat – 99.4 thousand tons (88.2 thousand tons) from 66 thousand hectares, millet – 132 thousand tons (110.43 thousand tons) from 132.0 thousand hectares.
Ukraine continues to harvest oilseeds. In particular, 3.4 million tons (3.415 million tons) of rapeseed have been harvested from 1.265 million hectares, 2.6 million tons of soybeans (1.845 thousand tons) from 1.3 million hectares, and 4.9 million tons (1.5 million tons) of sunflower from 2.4 million hectares.
The leaders in grain harvesting are farmers in Odesa region, who threshed 4.1 mln ha, Poltava region – 2.4 mln tons, and Vinnytsia region – 2.3 mln tons. In terms of yields, Khmelnytsky region is ahead with 63.4 c/ha, Ivano-Frankivsk region – 58.6 c/ha, and Ternopil region – 57 c/ha.

Boeing of Supernova Airlines of NOVA group of companies (Nova Poshta) has made its first flight

A Boeing 737-800SF from the fleet of Supernova Airlines of the NOVA Group (Nova Poshta) has completed its first flight between European airports, the press service of the NOVA Group reports.

“On September 18, 2024, Supernova Airlines made the first flight on its own Boeing 737-800SF aircraft flying the flag of Ukraine, with Ukrainian registration marks UR-NPA. This was a certification flight, one of the final steps in the process of introducing the Boeing 737-800SF type to Supernova’s operator certificate by the State Aviation Administration of Ukraine,” the NOVA press service said.

The airline plans to start regular commercial operation of the aircraft in the winter season of 2024-2025.

Earlier, a Boeing 737-800 from Supernova’s fleet operated a maintenance flight from Guangzhou (China) to Vilnius (Lithuania) with a technical stop at Tashkent Airport.

The company clarified that the use of air transportation saves up to 36 hours on the delivery of parcels from (or to) Riga compared to trucks. It was also reported that Supernova Airlines plans to form a fleet in the future using cargo versions of modern aircraft manufactured by Boeing or Airbus.

Supernova Airlines has received a Ukrainian operator’s certificate, which allows it to start cargo flights on January 6, 2023.

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NSDC: Center for exchange of information on cyber threats to be established in Ukraine

Ukraine will create a center for the exchange and analysis of information on cyber threats using the best European practices, in particular, the ISAC model.
This decision was made at a meeting on September 19 by the National Coordination Center for Cybersecurity (NCCC), the National Security and Defense Council reported.
“The meeting participants paid considerable attention to ensuring the stable operation of mobile communications and the Internet under martial law. Companies in the telecommunications sector are constantly subject to cyberattacks by Russian hackers. In order to improve cooperation in responding to such threats, the participants supported the initiative to create a center for the exchange and analysis of information on cyber threats in the industry using the best European practices, in particular, the ISAC model,” the NSDC said in a Facebook post on Friday.
In addition, the issue of ensuring the continuous operation of electronic communication networks during power outages was considered and a decision was made.
It is also reported that a number of decisions were made aimed at developing the cybersecurity sector in the country. These include the launch of a national initiative to promote the role of women in cybersecurity and gender equality, as well as the introduction of an automated platform for monitoring the implementation of the Cybersecurity Strategy of Ukraine (CyberTracker), which will improve strategic planning in this area. Also, certain issues aimed at strengthening national cyber resilience were considered in a closed session.
Earlier it was reported that the meeting was attended by representatives of the leadership of the State Service for Special Communications and Information Protection of Ukraine, the National Police of Ukraine, the General Staff of the Armed Forces of Ukraine, the Security Service of Ukraine, the Ministry of Defense of Ukraine, the National Bank of Ukraine, the Ministry of Digital Transformation of Ukraine, the Ministry of Foreign Affairs of Ukraine, intelligence agencies, the leadership of regulatory bodies in the field of electronic communications, as well as members of the Ukrainian Parliament.

Yaroslava Maguchikh is among top 10 nominees for European Athlete of Year trophy

Ukrainian high jumper Yaroslava Maguchikh has been shortlisted for the European Athlete of the Year trophy from European Athletics, the Ministry of Youth and Sports of Ukraine reports.
“In 2024, Yaroslava Maguchikh set a world record in the high jump (2.10 m), became an Olympic champion, European champion, and winner of the Diamond League,” the ministry said in a statement.
It is noted that the awarding of the winners in the four categories “European Athlete of the Year” among men and women and “Rising Star” among men and women will take place at the Golden Tracks ceremony on October 26 in Skopje (North Macedonia).
You can cast your vote for the Ukrainian athlete here: https://www.european-athletics.com/home/golden-track-vote

Ukraine processed record 17.4 mln tons of oilseeds

In 2023-2024 marketing year, Ukraine processed a record 17.4 mln tons of major types of oilseeds, including 14.8 mln tons of sunflower, 1.6 mln tons of soybeans and one million tons of rapeseed, according to the industry association Ukroliyaprom.
“The production and export volumes of sunflower oil not only reached but exceeded some pre-war periods. (…) The increase in sunflower oil production was facilitated by significant processing of sunflower seeds at domestic facilities due to a significant reduction in exports, which decreased by 83.4% or 1.5 million tons,” analysts said.
According to their information, in 2023/2024 MY the total volume of sunflower seeds crushed into oil was 14.8 mln tonnes, up 1.3 mln tonnes compared to the previous year.
At the same time, the production and export volumes of sunflower oil amounted to 6.6 mln tonnes and 6.2 mln tonnes, respectively, which was the second result in the industry’s history. Compared to the pre-war 2020/2021 MY, the production and export volumes of sunflower oil in 2023/2024 MY increased by 13.7% and 17%, respectively.
Ukroliyaprom noted that for the first time since independence, Ukraine processed 1.0 mln tons of rapeseed, which accounted for 22.3% of the total harvest in 2023. The production of rapeseed oil reached a record high of 430 thsd tonnes for Ukraine.
This is 0.8 mln tonnes more than in the previous periods, despite the fact that rapeseed is considered to be the main export-oriented agricultural raw material, the industry association said, adding that the export of rapeseed oil in 2023/24 MY reached the record level of over 424 thsd tonnes.
Ukroliyaprom pointed to the continued growth of soybean and meal oil production and exports by 22% and 29%, respectively.

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TAS Insurance Group increased premiums collection by 37.5%

In January-August 2024, TAS Insurance Group (Kyiv) collected UAH 3056.1 million in insurance premiums, which is 37.5% more than in the same period last year.
According to the insurer’s website, motor hull insurance premiums amounted to 18.1% of the total, or UAH 554.03 million, which is 25.6% more than in January-August 2023; motor third party liability insurance premiums – 29.9%, or UAH 913.6 million (+27.5%), and Green Card premiums – 29.2%, or UAH 891.7 million (+73.8%).
In January-August, TAS Group collected UAH 338.4 million in premiums under voluntary health insurance contracts, which is 11.1% of the total premiums and 26% higher than the corresponding figure for the same period last year.
Also, property insurance contracts attracted UAH 60.88 million in premiums, which is 31.5% more than in the same period last year.
Under other insurance contracts for the first eight months of 2024, the company collected UAH 297.5 million in payments, an increase of 25.4%.

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