Business news from Ukraine

Business news from Ukraine

Canadian Prime Minister dissolves parliament and calls for elections

Canadian Prime Minister Mark Carney announced the dissolution of parliament on Sunday and new elections on April 28.

“I have just asked the Governor General to dissolve parliament and call a federal election on April 28,” he wrote on social media site X.

“We must build the strongest economy in the G7. We must deal with President Trump’s tariffs. Canadians deserve a choice about who should lead these efforts for our country,” the prime minister emphasized.

Earlier, Experts Club and Maksim Urakin released a video analysis on the most important elections in the world in 2025 – https://youtu.be/u1NMbFCCRx0?si=AOtHGDT1kGNdZd2g

 

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Ukraine increased copper imports by 4% in January-February 2025

In January-February 2025, Ukrainian companies increased imports of copper and copper products by 4% compared to the same period of 2024 – up to $30.277 million.

According to customs statistics, copper exports increased by 31.3% to $14.305 million in the period under review. In February, copper was imported for $16.462 million and exported for $7.354 million.

Copper is widely used in electrical engineering, pipe manufacturing, alloys, medicine and other industries.

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Ukraine increased spring grain plantings by 16.7%

As of March 20, Ukraine sowed 250.4 thousand hectares of spring grains and legumes in 19 regions, up 16.7% year-on-year, the press service of the Ministry of Agrarian Policy and Food reported on Friday.

According to the report, 36.7 thousand hectares were planted with wheat (12.9 thousand hectares a week earlier), 133.5 thousand hectares with barley (45.2 thousand hectares), 57 thousand hectares with peas (17.8 thousand hectares), and 16.9 thousand hectares with oats (7.2 thousand hectares).

Last week, Ukrainian farmers sowed grains and pulses on 167.4 thou hectares.

According to the Ministry of Agrarian Policy, the leading regions in terms of sowing are Mykolaiv, which sowed spring crops on 43 thou hectares, including 1.5 thou hectares of wheat, 22.5 thou hectares of barley, 18.7 thou hectares of peas and 0.3 thou hectares of oats; Ternopil – 6.4 thou hectares of wheat, 21.3 thou hectares of barley, 2.1 thou. hectares of peas, 1.5 thousand hectares of oats; Kirovograd – 0.9 thousand hectares of wheat, 14.5 thousand hectares of barley, 10.5 thousand hectares of peas; Vinnytsia – 5.6 thousand hectares of wheat, 12.3 thousand hectares of barley, 5.3 thousand hectares of peas, 0.9 thousand hectares of oats; Rivne – 0.5 thousand hectares of wheat, 10.7 thousand hectares of barley, 0.7 thousand hectares of peas, 3.3 thousand hectares of oats.

The Ministry reminded that in general, in 2025, it is planned to sow more than 5.7 million hectares of spring grains and legumes, which corresponds to the level of 2024. The main feature of the new season will be an increase in the area under spring wheat by 28%, to 222.8 thou hectares. Such changes in the crop structure correspond to the stable demand for wheat from processing companies and exporters.

As reported, as of March 21, 2024, Ukraine sowed 214.5 thsd ha of spring grains and pulses in 20 regions. Peas were sown on 53.1 thou hectares, barley on 117.3 thou hectares, wheat on 29 thou hectares, and oats on 10.6 thou hectares.

Dynamics of reserves of Ukraine from 2012 to 2024, million USD

Dynamics of reserves of Ukraine from 2012 to 2024, million USD

Source: Open4Business.com.ua

“Astarta” to invest more than $21 mln to upgrade agricultural machinery

Astarta, Ukraine’s largest sugar producer, plans to invest over $21 million in 2025 to upgrade its agricultural machinery fleet, the company’s press service reports.

According to the report, 150 units of new equipment have already been contracted, including heavy tractors, sprayers, self-propelled beet harvesters, sowing complexes, precision seeders, tillage machines and other equipment. Some of the equipment has been delivered to the agro-industrial holding’s production facilities and will be actively used in the spring field work. This will help increase the efficiency of agricultural production and optimize tillage and harvesting processes, as well as preserve soil health.

“The purchase of modern machinery is one of the elements of our decarbonization strategy, which involves reducing greenhouse gas emissions through more fuel-efficient equipment and the use of precision and regenerative farming practices. In order to reduce the impact of agricultural production on climate change, Astarta continues to scale up such practices, in particular, reducing the number and depth of tillage and increasing the area under cover crops,” said Andriy Zagorulko, Director of Crop Production, Logistics and Mechanization.

According to him, in 2024, the agricultural holding increased the area under no-till tillage and green manure. It has expanded the differentiated and local application of mineral fertilizers, which provides for their optimal use. In addition, local fertilization simultaneously with main tillage significantly reduces fuel consumption due to fewer technological operations.

“The updated machinery fleet will allow us to respond more quickly to changing weather conditions, be much more cost-effective and reduce dependence on third-party services,” the agricultural holding is convinced.

“Astarta is a vertically integrated agro-industrial holding company operating in eight regions of Ukraine. It includes six sugar factories, agricultural enterprises with a land bank of 220 thousand hectares and dairy farms with 22 thousand cattle, an oil extraction plant in Globyno (Poltava region), seven elevators and a biogas complex.

In 2023, the agricultural holding reduced its net profit by 5.0% to EUR 61.9 million, and its EBITDA decreased by 6.1% to EUR 145.77 million, while revenue increased by 21.3% to EUR 618.93 million.

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