Business news from Ukraine

Polish egg producers welcome reintroduction of customs duties on eggs from Ukraine

Polish egg producers welcome the reinstatement of customs duties on eggs imported to the European Union from Ukraine, as a few dozen hours were enough to increase interest in eggs from Polish farmers, said Pawel Podstawka, chairman of the National Federation of Poultry and Egg Producers (KFHDiPJ).

“For many weeks now, we have been observing a stagnation in purchase prices for eggs, which, due to the very low prices offered by competitors from Ukraine, our livestock producers had to sell almost at production cost. (…) According to the signals I receive from colleagues from different parts of the country, although only a few dozen hours have passed since the reintroduction of customs duties, there is already a visible recovery on the demand side, which proves the tendency towards market normalization,” he was quoted as saying by the Polish publication farmer.pl.

Pawel Luty, spokesman for Ferm Woźniak, the largest egg producer in Poland, agrees with the KRHDiPJ chairman.

“The introduction of customs duties on imports of eggs from Ukraine to the European Union brings the first positive effects for Polish egg producers and exporters. We are seeing increased interest from EU and third country counterparties in purchasing eggs from Poland. This is a step in the right direction, easing the pressure on local producers and strengthening their position on the international market. The egg market is still competitive, mainly on price, and the low standards of egg production in Ukraine and the associated lower production costs are a long-term problem. This is best illustrated by the export of egg powders, which Ukrainian producers offer at a price about 25% lower than the cost of raw materials required for the production of powders in the EU,” Luthi said.

According to the industry association, in 2023, egg production in Poland was estimated at about 14 billion eggs. Every tenth egg in Europe was laid in Polish chicken coops. Every third egg produced on Polish farms was exported.

As reported, from June 2, 2024, to June 5, 2025, the European Commission introduced quotas for the supply of eggs and sugar to the European Union from Ukraine due to the excess of quota-free volumes of their supplies to the European market.

Source: https://interfax.com.ua/

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Puma brand and FC Shakhtar present new uniforms

Fans will be able to purchase the new gear starting July 5

FC Shakhtar and the club’s technical partner PUMA present the new 2024/25 season jersey as part of their traditional cooperation, which began in 2020, and broadcast their Forever.Faster tagline on the football field.

The sports brand is writing a new history, applying the knowledge and experience of many generations of Ukrainian players, club staff and fans, and engaging professionals from

professionals from all over the world.

The players and fans will have 3 sets of uniforms: home and away, made in the traditional colors of the club and designed for the most comfortable game, regardless of the location of the match, as well as the first football uniform in the history of Shakhtar in national colors.

“Our partnership with the global brand PUMA has been going on for three years now, and we are fully satisfied with this cooperation. “Shakhtar and PUMA are recognized leaders in their respective fields, so we give a lot to each other and achieve success and great achievements together. I am confident that the new PUMA uniform will appeal to the team’s fans and will become a symbol of Shakhtar’s new victories and achievements in the 2024/25 season,”

Sergey Palkin, CEO of FC Shakhtar.

“For 75 years, Puma has been creating innovative equipment for the world’s best athletes and teams. We are proud of our partnership with FC Shakhtar and highly appreciate the trust in the Puma brand from the players and the club’s management.

This season, the players and fans of the club will have three sets of uniforms, each of which embodies modern technologies and traditions of the club. The first two sets are made in the traditional colors of the club and emotionally convey the team’s symbols.

The third kit is the first in the club’s history to be created in the national colors of Ukraine, which makes it special and a source of pride.

At Puma, we believe that high-quality equipment is not just clothing, but a tool that helps players to show a bright game and win. The basis of the new uniforms for the 2024-2025 season is the innovative ULTRAWEAVE technology. ULTRAWEAVE is an ultra-lightweight, engineered fabric created using high-precision

weaving technology. Its design features a structured, 4-way stretch that reduces weight and friction. It’s all about being faster and stronger on the football field.

We congratulate the players and fans of the club on the start of the new season! May it be bright and successful for FC Shakhtar. We are looking forward to new victories together with you!”

Vladimir Gorobets, CEO of PUMA in Ukraine and Scandinavia

The main idea of the video campaign for the presentation of the new kit was to reflect the story of the fans who go through the formation of the club, victories and difficult moments, while remaining loyal to it. Love for your club begins in childhood, when you go to a match with your parents for the first time and get emotions that last a lifetime outside the football stands.

You canbuy the updated uniforms starting from July 5 in FC Shakhtar’s shop shop.shakhtar.com, in the network of PUMA branded stores and on the official website ua.puma.com, as well as in

stores of Puma’s official partners Megasport and Intersport.

FC Shakhtar’s new uniform.

PUMA presents three kits for the 2024/25 season

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“Ukrnafta” starts drilling new well in western Ukraine

PJSC Ukrnafta has started drilling a new exploration well in western Ukraine, the company’s director Sergiy Koretsky said on Facebook on Friday.
“The design depth is 2754 meters. It is planned that the new well will reveal productive layers of menilite deposits,” he wrote.
The company is performing the work with its own rig, the Ukrnafta Drilling business unit.
The initial production rate is expected to be 16 tons per day.
As the head of the company reminded, Ukrnafta is also preparing to build two oil wells in the east of the country, which will produce more than 100 tons of oil per day. Both have design depths of about 4.5 km.
As reported, in 2023, Ukrnafta increased oil and condensate production by 3% (by 39.9 thousand tons) compared to 2022 – up to 1 million 409.9 thousand tons, gas production by 5.8% (by 60.4 million cubic meters), up to 1 billion 97.4 million cubic meters.
The company’s strategic goal is to double oil and natural gas production to 3 million tons and 2 billion cubic meters by 2027, respectively.
“Ukrnafta is the largest oil producer in Ukraine and the operator of the national network of filling stations. In March 2024, the company started managing Glusco’s assets and operates a total of 545 filling stations – 460 owned and 85 managed.
The company is implementing a comprehensive program to restore operations and update the format of its filling stations. Since February 2023, Ukrnafta has been issuing its own fuel coupons and NAFTAKarta cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share. In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state a share of corporate rights of the company, which belonged to private owners and is currently managed by the Ministry of Defense.

Average price per hectare of land in 2023, UAH

Average price per hectare of land in 2023, UAH

Source: Open4Business.com.ua and experts.news

One third of passenger cars in Ukraine equipped with modern air conditioning

About one-third of Ukrzaliznytsia’s (UZ) passenger railcars used in summer transportation are equipped with modern air conditioning, while about half are equipped with outdated air conditioners that can operate intermittently, the company’s press service reports.
“Almost 400 Ukrzaliznytsia cars are guaranteed to have a functional air conditioning system: first of all, such cars are part of trains #92/91 Lviv-Kyiv, #106/105 Odesa-Kyiv, #63/64 Kharkiv-Lviv, #12/11 Lviv-Odesa, #29/30 Kyiv-Uzhhorod, #15/16 Kharkiv-Yasinia, #17/18 Kharkiv-Uzhhorod, and a number of other branded trains,” Ukrzaliznytsia posted on its Facebook page on Thursday.
About 650 railcars also have air conditioning, but they are of an outdated modification, so they can operate intermittently.
About 1,400 cars are involved in passenger transportation this summer, the company told Interfax-Ukraine.
When buying tickets, Ukrzaliznytsia urged people to look for the “snowflake” icon, which marks seats in cars with modern air conditioning in the app and on the website. At the same time, they noted that cars with outdated air conditioning modifications are not marked with the “snowflake” icon, despite the physical presence of air cooling systems.
“At maximum air temperatures, cooling in this car may be weak, so we signal this at the purchase stage by the absence of a snowflake,” the company said.
Before the summer transportation season, the railroad repaired air conditioning systems in 168 cars, which helps make traveling more comfortable, Ukrzaliznytsia added.
The temperature in air-conditioned cars should be between +22…+26 ℃, the company said, noting that due to the peculiarities of air conditioning in cars, the systems start working 20 minutes after the train departure, and the air conditioner gains full power when the train is moving at a speed of more than 40 km/h.

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Bitcoin rate falls sharply on Friday

The bitcoin exchange rate is falling on Friday, trading near the lows since the end of February on fears that the Federal Reserve is not yet ready to start cutting interest rates, CNBC reports.

By 11:03 a.m., bitcoin is down 6.7% to $54,359 thousand, according to CoinDesk. Over the past month, the cryptocurrency has lost almost 23% of its value, although it has added about 30% since the beginning of the year.

Earlier, the minutes of the meeting of the Federal Open Market Committee (FOMC) held on June 11-12 were published. The Fed’s executives need further evidence of slowing inflation to begin easing monetary policy, according to the document.

High interest rates are considered a negative factor for bitcoin, as they reduce demand for risky assets, CNBC notes.

In addition, the German authorities on Thursday sold about 3 thousand bitcoins worth about $175 million, according to the analytical company Arkham Intelligence. The authorities still own about 40 thousand bitcoins confiscated in various criminal cases.