Business news from Ukraine

Business news from Ukraine

DRONES BECOME MOST PROMISING DIRECTION FOR DEVELOPMENT OF AGRICULTURAL MACHINERY

The processing of agricultural crops using unmanned aerial vehicles is the most promising direction in the Ukrainian agricultural machinery industry, the Astarta agricultural holding has begun experimental implementation of this type of aviation this year, CEO of AgriChain, which is part of Astarta, Natalia Bohacheva has said.

“Drones are the most promising direction in Ukraine today. We use the drone scouting. These are video inspections and panoramic images of fields at different heights, at different angles with satellite monitoring,” she told Interfax-Ukraine on the sidelines of the Ukraine CFO Forum in Kyiv held last week.

According to her, drones are most effective in assessing the state of crops and promptly responding to emerging risks. In addition, this aircraft technology allows pre-harvest drying of grain crops with greater efficiency than using wheeled vehicles. This is especially pronounced during desiccation of rapeseed, which can be significantly damaged by the bottom of the vehicles processing it.

Bohacheva said that pilot schemes for processing crops with drones were introduced at a number of enterprises of the agricultural holding this year, mainly for rapeseed.

“I myself was a huge skeptic of drone treatments, especially in terms of refueling and charging, but the case with desiccation confirmed their effectiveness,” the head of AgriChain said.

AgriChain is a product company that develops solutions for the AgTech market, founded in 2016 by the Astarta agricultural holding.

According to the unified public register of legal entities and sole proprietors, 99.8% of the charter capital of Agri Chain LLC belongs to Astarta CEO Viktor Ivanchyk through Astarta-Kyiv LLC.

Astarta is a vertically integrated agro-industrial holding operating in eight regions of Ukraine.

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UKRAINE TO RECEIVE REFRIGERATION EQUIPMENT TO STORE VACCINES

Ukraine, with financial support from the U.S. government, will receive $2.8 million worth of refrigeration equipment for storing COVID-19 vaccines at primary health care facilities and when using by mobile teams.
According to a press release from UNICEF, which supplied the equipment, funds for the purchase of the equipment were provided by USAID.
Some 3,100 vaccination points, 1,034 of which operate on the basis of primary health care facilities, and 800 mobile teams, will receive equipment.
The equipment includes 5,643 thermal containers, 8,100 thermal bags, 197,730 ice packs and 27,486 temperature monitoring devices.
The first batch of equipment was delivered on September 30 and includes 2,700 thermal bags in which COVID-19 vaccines can be stored at temperatures from +2 to + 8 ° C.
In the future, this equipment can be used for the transportation and storage of vaccines provided for by the national immunization schedule.
Currently, USAID has allocated about $10 million to support vaccinations in Ukraine and donated almost $2.2 million of COVID-19 vaccines to Ukraine as part of the COVAX mechanism.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 25/10/21

National bank of Ukraine’s official rates as of 25/10/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF OCTOBER 25

Official rates of banking metals from national bank as of October 25

One troy ounce=31.10 grams

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UKRAINIAN BANKS’ CASH EXCHANGE RATES ON 23/10/21

Ukrainian banks’ cash exchange rates on 23/10/21

Source: Interfax-Ukraine

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INDUSTRIAL PRODUCTION IN UKRAINE DOWN BY 0.7% IN SEPTEMBER

Industrial production in Ukraine in September 2021 decreased by 0.7% compared to September 2020, while in August its growth was 0.6%, in July – 0.2%, in June – 1.1%, the State Statistics Service has reported.
The department clarified that, adjusted for the effect of calendar days, industrial production in September 2021 from September 2020 decreased by 0.9% against 0.2% in August, 0.9% in July and 0.7% in June.
The State Statistics Service indicates that compared with August this year, industrial production in the country increased by 2.9%, and, taking into account the seasonal adjustment, decreased by 1.8%.
In processing industry in September 2021 from September 2020, production decreased by 1.1%, in the supply of electricity, gas, steam and conditioned air – by 2.4%, in extracting industry and quarrying – increased by 1%.
In general, over the nine months of this year, industrial production in Ukraine increased by 1.4% compared to the same period last year, in particular in processing industry – by 1.6%, in the supply of electricity, gas, steam and conditioned air – by 1.2%, in extracting industry and quarrying – by 1.2%.
As reported, industrial production in Ukraine in 2020 fell by 5.2% after falling by 0.5% a year earlier.