Business news from Ukraine

Business news from Ukraine

QUOTES OF INTERBANK CURRENCY MARKET OF UKRAINE (UAH FOR €1, IN 01.10.2021-30.10.2021)

Quotes of interbank currency market of Ukraine (UAH for €1, in 01.10.2021-30.10.2021)

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UKRAINE TO EXPORT OVER 60 MLN TONNES OF GRAIN

Ukraine in the 2021/2022 marketing year (July-June) intends to export more than 60 million tonnes of grain crops, while ensuring the throughput capacity of seaports will become an important challenge in the issue of its logistics, the Ministry of Economy said on its website, citing deputy Minister of Economy, Trade Representative of Ukraine Taras Kachka on Friday.“Even ten years ago, the issue of the throughput capacity of Ukrainian seaports caused lively discussions, but over the past five years their capacity has increased – from 49.3 million tonnes in 2016 to 81.5 million tonnes in 2021. The sea transportation sector operates without delays, while we are observing the volatility of prices for rail transportation,” the Deputy Minister said at the Global Grain Conference 2021 in Switzerland.According to him, the strategy of the Ukrainian government is aimed at developing infrastructure in the logistics industry in order to attract investors to it.Kachka specified that Ukraine is implementing a number of measures within the framework of the Agreement with the World Trade Organization on trade facilitation, such as the introduction of a Single Window mechanism for international trade, the institution of an authorized economic operator, and a joint transit regime. This will allow Ukraine to enter the list of countries with the safest and most comfortable conditions for doing business.The Trade Representative of Ukraine recalled that growth of global demand for freight transportation amid the weakening of quarantine restrictions raised rates on them to multi-year highs and increased industry revenues, which allows investing in the latest technologies, digitalization, automation, etc.As reported, the Ukrainian Grain Association (UGA) in November estimated export of grains, legumes and oilseeds from Ukraine in 2021/2022 MY at 68 million tonnes with a harvest of 105 million tonnes, which exceeds the forecast made by the organization in July respectively, by 6 million tonnes (9.7%) and 5 million (5%) tonnes.

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UKRAINIAN BANKS’ CASH EXCHANGE RATES ON 19/11/21

Ukrainian banks’ cash exchange rates on 19/11/21

Source: Interfax-Ukraine

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MORE THAN 4,500 CHILDREN BORN IN MATERNITY HOSPITALS OF UKRAINIAN ADONIS GROUP SINCE 2016

Some 4,575 children have already been born in two maternity hospitals of the medical group of companies Adonis since 2016, another 125 children are expected by the end of the year.
The company told the Interfax-Ukraine agency, in particular, 525 children were born in the Adonis maternity hospital of the Buzova obstetric hospital in 2016, some 753 in 2017, some 646 in 2018, some 429 in 2019, and 674 in 2020.
In the ten months of 2021, some 1,011 children have already been born in this maternity hospital, and another 239 children are expected by the end of the year.
In the maternity hospital Adonis Slavutych, 537 babies were born during the year of operation.
The company notes that Adonis maternity hospitals actively use the latest technologies, which, in particular, allow nursing premature babies. In particular, in 2021, doctors fought for 58 days for the life of little Zakharchyk, who was born at 27 weeks.
As reported, Adonis Medical Group launched its own ambulance service in 2021. Adonis is a network of private full-cycle medical centers for adults and children.
The private clinic Adonis was established over 20 years ago. Its network includes ten branches in Kyiv and the region, including two of its own maternity hospitals and a stem cell laboratory. In the branches of the clinic, doctors conduct appointments in 60 medical directions.

KOVALSKA INVESTS IN LIME PRODUCTION

Kovalska Industrial and Construction Group has invested UAH 200 million in lime burning capacities, the press service of the group told Interfax-Ukraine.The company said that lime kilns were built in Rozvadiv, Lviv region. They will work 24/7, which will create additional 50 jobs. The new lime kilns will be part of the production complex, investments in which have already amounted to EUR 45 million.“We started the creation of a production cluster in Rozvadiv in 2020. It will include a quarry for extraction of high-quality sand, a plant for production of aerated concrete blocks, a plant for production of dry mixes and facilities for burning lime. This will create additional jobs and give additional acceleration to the economy of the entire country,” Director General of Kovalska Group Serhiy Pylypenko said.As reported, in 2020, Kovalska Group acquired an industrial complex with an area of 140 hectares in Rozvadiv, Lviv region. It includes: sand and limestone quarries, shaft kilns for calcining lime, a workshop for production of mineral powder and a plant for production of silicate bricks. Now in Rozvadiv, Lviv region, the construction of a plant for production of dry building mixtures of the Siltek brand is underway. The production capacity of the enterprise will be 150,000 tonnes of mixtures per year.Kovalska Industrial And Construction Group has been operating in the construction market of Ukraine since 1956. It is a leading manufacturer of construction materials, developer and builder of the country.

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TUNISIA READY TO START TALKS ON FTA WITH UKRAINE

Tunisia is ready to start the negotiation process on concluding an agreement on a free trade area (FTA) with Ukraine, negotiations may begin in the first quarter of 2022, Ukrainian Ambassador to the Republic of Tunisia Volodymyr Khomanets has said. “Tunisia views Ukraine as a strategic partner, and this has been declared. Tunisia confirmed its readiness for the negotiation process during consultations in July this year,” Khomanets said during the presentation of the study “Evidence-based Policy Making – Economic Impact Assessments of Potential Free Trade Agreements of Ukraine,” held in Kyiv on Thursday.He noted that Tunisia seeks to diversify the geography of foreign economic activity.“They have experience of concluding FTA agreements with partners such as Turkey, Great Britain. They are somewhat disappointed in this, therefore, Ukraine is considered as a more reliable and promising trading partner,” the ambassador said.He emphasized that the FTA with Tunisia will also open up the markets of its two neighbors, Algeria and Libya, for Ukraine.Khomanets also recalled that Tunisia is part of the Pan-Euro-Mediterranean convention. Ukraine is interested in Tunisia from the point of view of opening the European market for itself, and the Tunisian side, according to him, is ready to introduce liberal rules for trade on a quota basis.As noted by Scientific Director of the Institute for Economic Research and Policy Consulting Veronika Movchan, presenting an assessment of the potential impact of the FTA with Tunisia, grain and ferrous metals are the basis of Ukrainian exports to this country. From Tunisia, Ukraine mainly exports soles for shoes, to a lesser extent – electronics and textile clothing.According to her, modeling the introduction of the FTA with Tunisia assumes an increase in Ukrainian exports to this country by 115%, which is due to a low comparative base, and imports to Ukraine – by 53%. “Sectorally, metallurgy will mainly benefit, as well as crop production,” Movchan said.

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