Business news from Ukraine

Business news from Ukraine

PRESIDENTS OF UKRAINE AND POLAND TO MEET IN KIEV ON OCT 12

President of Ukraine Volodymyr Zelensky and President of Poland Andrzej Duda will hold a meeting in Kyiv on October 12, the presidential press service of Ukraine said.
“On October 12, a meeting will take place between President of Ukraine Volodymyr Zelensky and President of the Republic of Poland Andrzej Duda, who will be in Ukraine on an official visit,” the service said in the statement.
According to the presidential website, the official meeting ceremony will take place at Mariyinsky Palace, where the signing of Ukrainian-Polish bilateral documents will also take place.
In addition, on October 13, Zelensky and Duda will visit Odesa, take part in the work of the Ukrainian-Polish economic forum.

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UKRAINE CUTS COPPER IMPORT

Ukrainian enterprises reduced the import of copper and copper products in value terms by 7.4% in January-September 2020 compared to the same period in 2019, to $81.317 million.
According to customs statistics released by the State Customs Service of Ukraine, export of copper and copper products decreased 12.7%, to $55.083 million in the first nine months of 2020.
In September, copper and copper products were imported in the tune of $10.739 million, exported to the tune of $7.397 million.
In addition, Ukraine in January-September reduced the import of nickel and nickel products by 11.8% compared to the same period in 2019, to $55.25 million (in September amounted to $8.149 million), aluminum and aluminum products by 4.3%, to $283.561 million ($34.997 million). At the same time, the import of lead and lead products decreased 42.7%, to $6.05 million ($1.691 million), tin and tin products decreased 39.8%, to $1.713 million ($292,000), zinc and zinc products decreased by 33.6%, to $37.289 million ($5.795 million).
In January-September 2020, export of aluminum and aluminum products increased 0.1% compared with January-September 2019, to $77.049 million (in September amounted to $10.303 million), lead and lead products fell by 6.1%, to $18.007 million ($2.782 million), nickel and nickel products decreased by 49.3%, to $1.966 million ($296,000). Zinc exports in January-September 2020 amounted to $68,000, while in the same period of 2019 amounted to $463,000 ($12,000 in September). The export of tin and tin products in January-September 2020 amounted to $92,000, while in the same period of 2019 amounted to $33,000 (the export amounted to $3,000 in September).

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UKRAINE RAISES IMPORT OF CHEESE BY 2.3 TIMES IN JAN-SEPT

Ukraine exported 4,060 tonnes of cheese in January-September 2020, which is 21.1% less than in the same period in 2019.
According to the State Customs Service, in monetary terms, exports decreased by 16.3% and amounted to $15.61 million.
At the same time, import of cheese in the first nine months of 2020 increased by 2.3 times, to 33,740 tonnes, in monetary terms by 2.2 times, to $148.86 million.
Exports of Ukrainian butter decreased 43.7%, to 8,540 tonnes, and in monetary terms 40.5%, to $37.43 million. Import of this product in the reporting period amounted to 9,010 tonnes ($35.38 million) against 1,330 tonnes ($7.19 million) in January-September 2019.
According to the ministry, export of milk and cream (condensed) in the first nine months of 2020 decreased 30.3%, to 21,540 tonnes. Ukraine supplied condensed milk and cream for a total of $43.6 million, which is 33.5% less than in January-September last year. Import of this group of goods increased 3.2-fold, to 4,870 tonnes, in monetary terms by 3.3 times, to $10.95 million.

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DIGITAL MINISTRY WILL COOPERATE WITH SAMSUNG

The Ministry of Digital Transformation of Ukraine has signed a memorandum with Samsung Electronics Ukraine Company.
According to the Facebook page of the ministry, the main goal of cooperation is to make electronic services on the Diia portal and in the Diia mobile application even more accessible and convenient.
“We will work in the direction of digitalization, development of digital technologies, economy, innovation and digital skills of the population. In particular, Samsung and the Ministry of Digital Transformation will jointly popularize the Diia mobile application,” the report says.

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METLIFE INSURER REPLACES BOARD CHAIRPERSON

Chairperson of the Board of PJSC MetLife insurer (Kyiv) Monika Barbara Spadlo-Kolano on October 8 was dismissed from the position of her own free will, according to the official information of the insurance company in the information base of the National Securities and Stock Market Commission of Ukraine.
It is also reported that Inna Belianska has been appointed acting chairperson of the board. She holds the position of director of the department of individual sales, head of the department of sales, member of the board of MetLife.
PrJSC MetLife was registered in 2002. It is a member of the international group of companies MetLife, Inc.
The shareholder who owns 99.9988% of the voting shares of PrJSC MetLife is the Swiss company MetLife Global Holding Company II LLC, which is part of the global holding corporation MetLife (the Unite States). American Life Insurance Company (the United States) remains an indirect shareholder of PrJSC MetLife.
The charter capital of the company is UAH 102.925 million.

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UKRAINE EXPORTS 13 MLN TONNES OF GRAIN

Ukraine since the beginning of the new 2020/2021 marketing year (MY, July-June) and as of October 9 had exported 13.02 million tonnes of grain and legumes, which is 1.74 million tonnes less than on the same date last MY.
According to the information and analytical portal of the agro-industrial complex of Ukraine, to date, 9.14 million tonnes of wheat, 3.06 million tonnes of barley and 770,000 tonnes of corn have been exported.
As of October 9 this year, 52,200 tonnes of flour were also exported.
As reported, Ukraine exported a record 57.2 million tonnes of grain, legumes and flour in the 2019/2020 MY, which is 13.5% more than in the previous MY.

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