Business news from Ukraine

Ukraine in January-June this year significantly increased export of steel semi-finished products

Ukraine in January-June this year increased exports of semi-finished carbon steel products in physical terms by 61.6% compared to the same period last year – up to 888.016 thousand tons.

According to statistics released by the State Customs Service (SCS) on Tuesday, in monetary terms, exports of semi-finished carbon steel products increased by 47.3% to $439.909 million.

The main exports were to Bulgaria (35.49% of shipments in monetary terms), Poland (11.74%) and Italy (8.56%).

In January-June 2024 Ukraine imported from Egypt 5 tons of semi-finished products worth $5 thousand, while in January-June 2023 it imported from China 72 tons of semi-finished products worth $133 thousand.

As reported, Ukraine in 2023 reduced exports of semi-finished carbon steel products in physical terms by 36.7% compared to 2022 – to 1 million 203.454 thousand tons, exports in monetary terms decreased by 48.9% to $608.516 million. The main exports were to Bulgaria (36.66% of supplies in monetary terms), Poland (23.01%) and Italy (9.60%).

In addition, in 2023 Ukraine imported 96 tons of semi-finished steel products from China (98.26%) and Turkey (1.74%) for the amount of $172 thousand.

 

, ,

Ukraine exported 57.5 million tons of grains and oilseeds in 2023-2024 marketing year

Ukraine in the 2023-2024 marketing year, ending June 30, 2024, exported 57.5 million tons of grains and oilseeds from a harvest of 82.8 million tons, with transitional stocks of about 7 million tons, the Ukrainian Grain Association (UGA) said.

“Last season, the most important factor for Ukrainian grain exports was the opening of the Ukrainian Humanitarian Corridor, which allowed exports by sea from the deep-water ports of Odessa. The second most important factor was the introduction by Ukraine together with international partners of a working mechanism of insurance of ships entering Ukrainian ports, which reduced the cost of exporters and, accordingly, Ukrainian agricultural producers on export logistics”, – said the association.

According to UZA analysts with reference to the information of the State Customs Service, in monetary terms exports of grains and oilseeds in 2023/2024 MY amounted to $10.76 billion, and exports including products from them, including sunflower oil and other oils, cakes and meal, amounted to $17.86 billion.

Wheat exports totaled 18.4 million tons worth $3 billion, with production of about 22 million tons. The top 3 importing countries of Ukrainian wheat included Spain, which purchased 5.899 million tons, Egypt – 1.721 million tons, Indonesia – 1.515 million tons.

Barley Ukraine supplied abroad almost 2.5 million tons for $376 million, with production of 5.8 million tons. The most active buyers were China – 702 thousand tons, Indonesia – 460 thousand tons, Cyprus – 221 thousand tons.

Last season Ukraine exported 29.3 million tons of corn worth $4.7 billion, while last year’s production was 29.6 million tons. Its main buyers were Spain – 6.011 million tons, China – 4.832 million tons, Egypt – 3.874 million tons.

Nearly 3 million tons of soybeans were sold to other countries for the amount of $1.1 billion, with a harvest of 4.9 million tons. The top 3 buyers were Egypt – 956 thousand tons, Turkey – 674 thousand tons, Germany – 235 thousand tons.

 

, ,

ADONIS Medical Group estimates losses of destroyed clinic at $3 mln

The ADONIS Medical Group (Kyiv) estimates the damage caused by the aggressor’s missile attack on Monday at almost $3 million, Vitaliy Girin, co-owner of the medical group, told Interfax-Ukraine.

He specified that the shelling damaged a branch of the clinic in the Dniprovskyi district of Kyiv near the Livoberezhna metro station.

Fundraising for the families of the killed employees is currently underway.

link to the bank https://send.monobank.ua/jar/bdmPmH8ua

Bank card number 5375 4112 2005 6423

As reported, seven people – five doctors and two patients – were killed in a missile attack by the aggressor on Monday in the ADONIS clinic department. The same building houses a branch of another private clinic, where no one was injured.

The department that was hit is now closed, and patients’ visits are being transferred to other centers of the medical group.

At the beginning of the full-scale invasion in February 2022, a shell of the Russian aggressor hit a private maternity hospital of the ADONIS clinic in Kyiv region.

ADONIS is a network of private medical centers for adults and children. ADONIS Private Clinic was founded over 25 years ago. Its network includes 7 branches in Kyiv and the region, including a rehabilitation center and a stem cell laboratory. In the branches of the clinic, doctors treat patients in 75 medical areas. In times of war, ADONIS branches with surgical units provide quality medical care to military and civilians.

IAPM took first place in TOP-10 private universities of Ukraine – research

On July 4, the Ukrainian information resource Osvita.ua published its annual consolidated ranking, which covers 235 higher education institutions and is divided into 10 thematic sub-ratings.
The Interregional Academy of Personnel Management took first place in the top ten best private universities in Ukraine!

 
“TOP-10: The Best Private Universities” is based on the data of other three well-known rankings based on important evaluation criteria: “TOP-200 Ukraine”, Scopus and “NMT Score for Contract”. As a result, IAPM demonstrated the best results among all private higher education institutions in the country in 2024.

Such a high rating is a confirmation that the IAPM team pays much attention to the development of all areas of the university’s activities – educational, educational and scientific, and is committed to its mission – to train highly qualified specialists who can make a significant contribution to the development of the future of our country.

Source

Winter crop yields in Ukraine in 2024 will be 5-7% lower – Vysotsky

Ukraine has already harvested more than 4 million tons of winter wheat, barley, rapeseed, and peas for the 2024 harvest, Acting Minister of Agrarian Policy and Food Taras Vysotsky said during a national telethon.

“This year’s harvest started two weeks later than the average due to the weather. We are currently harvesting winter barley, winter wheat and winter rapeseed. In addition, some regions have already started harvesting peas. If we look at the figures, we have already harvested more than 4 million tons as of today. The figure is increasing every day,” he said.

According to the acting minister, despite the shelling, particularly of the fields, in most cases the problems are being localized. Grain harvesting is proceeding at a very active pace, which makes it possible to forecast a grain harvest of about 56 million tons.

Mr. Vysotsky specified that the harvest of early (winter – IF-U) crops accounts for more than 10% of the total gross harvest. The largest share – 36 million tons – will be corn, which will be harvested in the fall.

Speaking about the yield of winter wheat and barley, the acting Minister stated that the yield is 5-7% lower than last year’s result due to weather conditions.

“Unfortunately, some regions are experiencing a record drought and lower yields. At the same time, in the western and central regions, the figures are higher than last year. So far, the forecast is within 5-7% less than the previous year, which, given all the challenges posed by the war, is a really good result,” he emphasized.

Mr. Vysotsky confirmed that the heat wave could have a negative impact on the growth of crops, particularly corn and soybeans. However, so far this trend is not widespread, which gives us hope for decent results.

UN establishes Ukraine Community Recovery Fund

The United Nations in Ukraine, in coordination with the government, has established a flexible Ukraine Community Recovery Fund (UCRF), which has already attracted $7.25 million for mine action.

“The fund is designed to support an inclusive, locally-driven approach that is fully aligned with the early recovery priorities identified in the third Rapid Damage and Needs Assessment (RDNA-3),” the UN website says in a presentation of the fund’s mine action.

It is specified that the UCRF, established in November 2023, is expected to raise $300 million over five years. By the beginning of May this year, $11.74 million had been received, including $7.25 million for demining: Denmark – $5.76 million (DKK40 million) and South Korea – $1.25 million.

It is emphasized that mine action is a key condition for the restoration of housing, energy, social infrastructure and investment in local economic development at the community level. The full-scale invasion of Ukraine by the Russian Federation has led to the fact that up to 30% of the country’s territory is likely to be contaminated with unexploded ordnance, landmines and cluster munitions.

According to UN materials, the first mine action project of the fund will be the construction of a logistics base for humanitarian demining for the SES. The feasibility study, designs for all necessary works and site preparation are estimated at $1.18 million. With separate funding for the second phase, construction can be completed by the second quarter of 2025.

It is expected that this facility will significantly increase the efficiency and effectiveness of SES demining operations throughout Ukraine and enable it to better defuse explosive ordnance in affected communities.

It is also planned to establish the position of a senior advisor on mine action and community recovery, who will advise all stakeholders on improving the effectiveness of mine action for affected communities.

It is noted that the UCRF Mine Action Window is a tool through which the UN will stimulate strategic mine action efforts, address gaps in needs in targeted communities and pilot innovative mine action initiatives.

According to the RDNA-3, an investment of at least $300 million per year over the next five years is required for explosive ordnance survey and clearance. To sustain this level of financial commitment, national and international partners will need to work together to maximize the effectiveness of traditional mine action approaches, while implementing cost-effective, high-impact solutions and considering private partnerships as a way forward.

“UCRF’s Mine Action Window is aligned with the Government of Ukraine’s National Mine Action Strategy and focuses on its three pillars – demining, mine action training and victim assistance.

The UCRF Secretariat is located in the Office of the UN Resident Coordinator in Kyiv.

,