Business news from Ukraine

Business news from Ukraine

Exports of Ukrainian agricultural products decreased by 9.7% in January

In January 2025, Ukraine exported 5 million tons of agricultural products, which is 9.7% less than the same indicator of the previous month, according to the Ukrainian Agribusiness Club (UCAB).

“For the third month, there has been a downward trend, but this is typical for the winter period in the absence of force majeure,” analysts explained.

Speaking about the structure of exports in January 2025, they noted that the exports of grains decreased by 3% to 3.5 mln tonnes (corn – 72%, wheat – 26%, barley – 2%) compared to December 2024, oilseeds – by 39% to 352 thsd tonnes. tons (soybeans – 63%, rapeseed – 29% and sunflower seeds – 6%), cake after extraction of vegetable oils – by 22% to 406.3 thsd tonnes (sunflower – 67%, soybean – 33%), other agricultural products – by 24% to 329.5 thsd tonnes.

At the same time, the export of vegetable oils increased by 1% compared to December 2024, to 424.4 thsd tonnes (sunflower oil – 89% and soybean oil – 10%).

The analysts noted that the export volumes of grains and vegetable oils remained approximately at the level of the previous month. Oilseeds (-39%) and oilcakes after extraction of vegetable oils (-22%) showed the decline.

“In the current marketing year, the vast majority of agricultural products intended for export have already been exported, in particular, wheat – 64%, corn – 55%. Accordingly, in the coming months, a further slight reduction in export shipments is possible,” UCAB predicts.

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In 2024, ECA supported exports worth UAH 7.53 bln and became member of Berne Union

In 2024, the Export Credit Agency (ECA) supported 69 exporters by insuring their foreign trade agreements, loans for the execution of such agreements, and investment loans for UAH 1 billion, according to the agency’s website.

Thus, the supported exports amounted to UAH 7.53 billion, and one hryvnia of ECA’s liability brought UAH 7.52 of future export revenue.

ECA’s clients operate in 19 regions of Ukraine, among which the leaders in terms of exports were: Kyiv (UAH 3.8 billion of export revenue), Lviv region (UAH 1.25 billion) and Vinnytsia region (UAH 703 million).

Nine banks are helping exporters, together with the ECA, to safely expand their business geography. Ukrgasbank financed UGB the most – UAH 374.67 million (UAH 2.9 billion of supported exports), Oschadbank – UAH 208 million (UAH 629 million), and FUIB – UAH 131 million of loans (UAH 1.78 billion of supported exports).

The ECA also reports that during the year it introduced new products to protect investors from military risks and concluded the first such agreements, supporting UAH 137.6 million of investments.

The ECA also insured a bank guarantee for the performance of work by a Ukrainian contractor in Poland for the first time.

In 2024, ECA became a full member of the Berne Union, an international organization that brings together export credit agencies and promotes international trade.

“This opens up new opportunities for cooperation with international partners and raising our export risk insurance standards and improving insurance products,” the agency explained.

In cooperation with the World Bank, ECA developed a draft five-year strategy for the company and adopted it, which was one of Ukraine’s commitments to the IMF. The task was completed five months ahead of schedule.

In addition, ECA was the first state-owned company to approve its strategy by a decision of the Supervisory Board in accordance with updated corporate governance standards.

The report also notes that in 2025, the main tasks of the ESA will be, in particular, to expand the possibilities of insuring foreign trade contracts, increase the volume of support for foreign economic contracts, and the amount of investment finance insurance. Another priority will be the launch of a loan insurance compensation program aimed at supporting small and medium-sized businesses. The actual reduction in the cost of insurance will contribute to an increase in the number of exporters who want to receive additional protection for their business, explains ECA. And by addressing the lack of capital, ECA will be able to support more businesses and implement larger projects.

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Electricity imports in January 2025 decreased by 63%, exports increased 9 times

Electricity imports in January 2025 decreased by 63.2% to 159.09 thousand MWh compared to December 2024, while exports increased 9 times to 63.4 thousand MWh, according to the Energy Map portal.

Thus, according to the calculations of the Energoreforma Internet portal, based on these data, electricity imports in January 2025 exceeded exports by 2.5 times.

Most of the electricity was imported in January from Poland – 50.78 thousand MWh (31.92% of the total). This was followed by Slovakia – 42.46 thousand MWh (26.69%), Hungary – 41.2 thousand MWh (25.9%), Romania – 23.38 thousand MWh (14.7%), and Moldova – 1.26 thousand MWh (0.79%).

In terms of exports in January, Moldova ranks first – 27.14 thousand MWh (42.81%) were supplied there. Hungary exported 21.12 thousand MWh (33.31%), Romania – 8.18 thousand MWh (12.9%), Slovakia – 6.27 thousand MWh (9.89%), Poland – 0.68 thousand MWh (1.08%).

As reported, electricity imports in December 2024 increased by 2.7 times compared to November – up to 433.4 thousand MWh, while exports decreased by 6.1 times – to 6.8 thousand MWh.

“In 2024, Ukraine imported 4436.6 thousand MWh of electricity, which was the highest figure for the last 11 years (actual data before 2014 are not publicly available). At the same time, electricity exports reached a historic low of 348.5 thousand MWh,” says the annual review provided to the Energoreforma project by DiXi Group, a Ukrainian energy and climate think tank.

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Why should you post information about your company on Vidguky.net?

In today’s digital world, a business presence on the Internet is not just an advantage, but a necessity. One of the most effective ways to increase brand awareness, attract new customers, and build trust in the company is to post information on Vidguky.net. Why is it important? Let’s take a look at the main reasons.

Increase the credibility of your business

Vidguky.net is a platform where real users leave reviews about companies and their services. Your company’s presence on this site allows potential customers to learn more about you, evaluate the quality of your services, and make an informed choice. Positive reviews build trust, which is a key factor in making a purchase or cooperation decision.

Improving and managing reputation

Reputation is one of the most valuable assets of any business. Vidguky.net provides an opportunity to manage your reputation, promptly respond to reviews, resolve possible issues, and demonstrate customer focus. Interaction with users increases the level of trust and creates a positive image of your brand.

Attract new customers

Many users look for reviews before using certain services or buying a product. Vidguky.net has high traffic, which allows your company to be visible to potential customers. The more information about you is presented, the higher the chances of attracting a new audience.

Improve SEO and online presence

Vidguky.net is a reputable resource, and mentions of your company on this site help to improve your search engine rankings. The more information about your business is available on the Internet, the higher the chances of taking a leading position in Google search results, which increases traffic to your website.

Increase brand awareness

Placing information about a company on Vidguky.net helps to strengthen its presence in the minds of consumers. Potential customers will see your company name more often, which helps build brand awareness and loyalty.

Ability to analyze customer experience

Feedback on Vidguky.net can be a valuable source of information about what customers like and what needs to be improved. By analyzing the feedback, you can improve your services, enhance your customer experience, and meet customer expectations.

Placing information about your company on Vidguky.net is a profitable solution that helps to increase trust, improve reputation, attract new customers, and strengthen your business’s position on the Internet. Thanks to the platform, you will not only get closer to your customers, but you will also be able to effectively manage feedback, which will contribute to the company’s sustainable development. Feedback from real customers builds brand credibility and helps you better understand your users, tailor services to their needs, and stay ahead of the competition. Use all the features of this platform to strengthen your business, increase conversions, and consolidate your market position!

“OTP BANK” has launched loan program for purchase of electric car of any brand

JSC “OTP BANK” offers its customers the opportunity to take out a loan for an electric car of any brand, both new and used, guaranteeing transparency and simplicity of conditions and an individual approach to each borrower. This was stated by Vitaliy Skorobohatyi, Head of Car Lending Development Department of OTP Bank.

“With the support of the Bank, the path to the coveted electric car can be as quick and easy as possible. We are convinced that the purchase of an electric car with financing is a profitable solution that will allow the client to use modern environmentally friendly transport today, without putting off life for later. New or used car, brand, specifications, and condition – everyone is looking for the perfect match. We will help you choose the best option according to your budget and needs. You can get the money for the car within one day,” said Skorobohatyi.

The electric car market is developing rapidly. According to experts from the Automotive Market Research Institute, more than 3,000 imported used cars are sold in Ukraine every month on average, about 2,000 units are sold through domestic resale, and almost 1,000 new electric cars are sold. The key advantage of an electric car is its innovation and environmental friendliness.

The top five most popular electric vehicles purchased by Ukrainians in 2024 with the financial support of OTP BANK are:

– Tesla

– Nissan

– Volkswagen

– BYD;

– Honda.

“The bank gives its customers complete freedom in choosing a car. We do not set any restrictions on the condition, age or mileage. We do not require a deposit and compulsory hull insurance. We are ready to support both the buyer’s independent choice and help with the selection of a car, as we have an extremely wide network of partners throughout Ukraine,” added the head of the car loan development department.

We would like to remind you that OTP BANK offers from UAH 10,000 to UAH 750,000 of loans for used cars. The down payment is 10% of the cost of the car. There is a fixed interest rate for the entire term of financing, and there are no hidden fees or commissions. The loan term is up to 5 years.

You can get a free consultation right now.

Risks in European insurance sector are stable – study

Risks in the European insurance sector are stable, generally average, with pockets of vulnerability arising from market volatility and real estate price movements. The European Insurance and Occupational Pensions Authority (EIOPA) notes such data on its website in its Insurance Risk Dashboard for January 2025, published on January 31.

According to the report, macroeconomic risks remain stable, at a medium level, GDP growth and inflation forecasts are also stable. Geopolitical tensions are changing the global dynamics, heightening concerns about reduced international cooperation and escalating risks and uncertainty in the years ahead.

Market risks remain at their highest levels. While bond volatility has stabilized, it remains above historical standards. Liquidity and funding risks are at medium levels but are trending upwards due to the gradual increase in risks across various metrics over the past year and the deterioration in funding conditions in the fourth quarter of 2024.

At the same time, solvency and profitability risks remain at an average level. Solvency ratios for insurance groups and solo companies in the insurance segment other than life insurance showed a slight improvement in the third quarter of 2024, remaining largely unchanged for life insurance companies.

Credit risk, insurance risks, market perception, even interconnection and imbalance risks are rated at average levels.

This Solvency II-based insurance risk dashboard summarizes the main risks and vulnerabilities in the European insurance sector through a set of risk indicators for the third quarter of 2024 and the end of 2023. The data is based on financial stability and prudential reporting collected from 93 insurance groups and 2,153 individual insurance companies. The Solvency II information is supplemented by market data with a deadline date of end-December 2024.