Business news from Ukraine

Business news from Ukraine

Corn is main export commodity of Ukraine in early 2025

Corn became the most exported commodity in January-February 2025, with a share of 26.5% in agricultural exports and 16% of Ukraine’s total exports, the press service of the State Customs Service (SCS) reported on Telegram.

The agency noted that in January-February 2025, 4.7 million tons of corn were supplied to foreign markets, which amounted to $982 million in monetary terms.

The top five importers of Ukrainian corn are Spain – 933 thsd tonnes, Italy – 725 thsd tonnes, Turkey – 639 thsd tonnes, Egypt – 593 thsd tonnes and the Netherlands – 514 thsd tonnes.

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Ukraine opens Consulate General in Mumbai (India)

In New Delhi, the Ministers of Foreign Affairs of Ukraine Andriy Sybiga and India Subramanian Jaishankar officially inaugurated the Consulate General of Ukraine in Mumbai.

“Even during the war, we are expanding Ukraine’s diplomatic presence in India. This demonstrates our readiness to increase bilateral trade, cooperation and dialogue,” the press service of the Ukrainian Foreign Ministry quoted Sibiga as saying in a telegram on Tuesday.

According to the minister, India is demonstrating impressive technological progress. “Taking into account Ukrainian innovations and wartime know-how, technological cooperation between our countries has great potential,” Sibiga emphasized.

Earlier, the Ukrainian Foreign Ministry said that Sibiga is on a working visit to India from March 17 to 19.

Source: https://ru.interfax.com.ua/news/diplomats.html

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“Aurora” to quadruple revenue in Romania to EUR40 mln

Ukrainian one-dollar store chain Aurora has opened 33 stores in the Romanian market in the first year since entering the market and generated about EUR10 million in revenue, said Taras Panasenko, CEO of the chain.

“For this year, we have a plan of EUR40 million in revenue in Romania, which means to grow four times,” he said at the Exporters Summit organized by Forbes Ukraine in Kyiv.

According to anInterfax-Ukraine correspondent, Panasenko added that the number of checks has reached 1 million, and 98% of buyers are local.

As reported, Aurora invested UAH 2.5 billion in the development of its network in Ukraine in 2024. Last year, the chain’s revenue increased by 42.5% to UAH 38.5 billion (excluding VAT).

“Aurora was founded in 2011 by Lev Zhidenko, Taras Panasenko and Lesya Klymenko. At the end of 2024, the chain had more than 1600 stores in Ukraine and 30 in Romania. The company employs about 14 thousand people. The retail chain is headquartered in Poltava.

According to Forbes, citing Panasenko, Aurora plans to open 340-350 new stores in Ukraine in 2025.

“We want to go public, but we are waiting for the right time for retail companies. Now, for example, Polish Żabka has launched an IPO, and it was successful. However, the main factor that will have a positive impact on our IPO is the end of martial law in Ukraine,” the CEO also said.

According to him, the company does not plan to enter new markets yet, but will focus on the development of Romanian stores. “But we are looking at Uzbekistan, Moldova, Bulgaria,” Forbes quoted Panasenko as saying.

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Capital investments in Ukraine increased by 35% to UAH 534.4 bln in 2024

The volume of capital investments in Ukraine in 2024 increased by 35.1% compared to 2023 and amounted to UAH 534.4 billion, the State Statistics Service reported.

Last year, the main source of financing for capital investments remained the own funds of enterprises and organizations, which accounted for 71% of the total.

The agency specifies that the share of the state budget amounted to 10.9%, the share of household funds for housing construction – 6.1%, local budgets – 5.7%, bank and other debt financing – 3.8%, and funds from foreign investors – only 0.1%.

A significant share of capital investments was made in machinery and equipment – 32.8%, engineering structures – 27.2%, and vehicles – 10.1% of all investments.

According to the State Statistics Service, in 2024, capital investments increased the most in the field of transport, warehousing, postal and courier activities – by 77.5%, to UAH 46.8 billion, and in the field of law and accounting – by 73.2%, to UAH 8.2 billion.

In wholesale and retail trade, capital investment increased by 68.2% to UAH 44.2 billion, in information and telecommunications by 67% to UAH 25.8 billion, in education by 63.4% to UAH 2.4 billion, and in professional, scientific and technical activities by 62.4% to UAH 11.4 billion.

The agency points out that last year’s growth in real estate transactions was 57.6% to UAH 9.3 billion, in advertising – 45% to UAH 0.3 billion, in research and development – 39.8%, to UAH 2.9 billion, construction – 36.1% to UAH 41.7 billion, agriculture – 35.5% to UAH 42.9 billion, public administration and defense – 31.4% to UAH 61 billion, and industry – by 23.1% to UAH 209.1 billion,

In addition, according to the State Statistics Service, there was a slight increase in financial and insurance activities – by 14.1%, to UAH 16.5 billion, publishing, radio and television broadcasting – by 19.7%, to UAH 1.2 billion, and healthcare – by 6.5%, to UAH 13.5 billion.

According to the statistics agency, capital investments in Ukraine in 2023 increased by 41.4% to UAH 395.5 billion.

Financing state budget deficit, bln UAH

Financing state budget deficit, bln UAH

Source: Open4Business.com.ua

Ukraine exported 31 mln tons of grains since beginning of season

As of March 12, Ukraine exported 31.022 mln tonnes of grains and pulses since the beginning of 2024-2025 marketing year (July-June), of which 1.839 mln tonnes were shipped this month, the press service of the

Ministry of Agrarian Policy and Food reported, citing the data of the State Customs Service of Ukraine.

According to the report, as of March 20 last year, the total shipments amounted to 32.851 mln tons, including 3.181 mln tons in March.

In terms of crops, since the beginning of the current season, Ukraine has exported 12.509 million tons of wheat (526 thousand tons in March), 2.192 million tons of barley (48 thousand tons), 10.8 thousand tons of rye (0), and 15.839 million tons of corn (1.259 million tons).

The total export of Ukrainian flour since the beginning of the season as of March 17 is estimated at 51 thsd tonnes (2.5 thsd tonnes in March), including 47.1 thsd tonnes of wheat (2.4 thsd tonnes).

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