Business news from Ukraine

Business news from Ukraine

UKRAINE THRESHES 57.5 MLN TONNES OF GRAIN BY OCT 18

Ukraine as of October 18 had threshed 57.5 million tonnes of grain and leguminous crops from an area of 12.9 million hectares (84% of the forecast) with the average yield being 4.46 tonnes per hectare (ha), the Ministry of Agricultural Policy and Food has reported.
According to the ministry, farmers harvested 17.7 million tonnes of corn from 2.7 million ha (54%), 150,000 tonnes of millet from 80,000 ha (89%), 85,000 tonnes of buckwheat from 64,000 ha (94%). The harvest of early grain and leguminous crops was 39.2 million tonnes from 9.96 million ha.
In addition, farms threshed 13.1 million tonnes of sunflower from 5.8 million ha (93%), 3.2 million tonnes of soybeans from 1,400 ha (88%), 5.6 million tonnes of sugar beets from 129,000 ha (58%).
As of October 18, Ukrainian farmers had sowed winter crops on 6.2 million ha, or 86% of the forecast, including 5.4 million ha with wheat (86%), 112,000 ha with rye (92%), and 738,000 ha with winter barley (80%).
In addition, winter rapeseeds were planted on an area of 1.1 million ha, or 99% of the forecast.

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ADULT UKRAINIANS CONSUME HALF RECOMMENDED AMOUNT OF VEGETABLES AND 30% LESS FRUITS

Adult Ukrainians consume almost half the amount of vegetables (174 grams versus the recommended 300 grams per day) and less than 30% of fruits and berries (83 grams versus 300 grams per day) compared with the recommendations for healthy eating for adults.
The relevant data are contained in the national study of the current nutritional structure of Ukrainians, which was conducted by the Ipsos international research company at the initiative of Danone in Ukraine.
The results of the study of food consumption in 2018-2019 showed that adults consume an excessive amount of flour products – 474 grams per day, at the same time, the level of consumption of dairy products is several times lower than recommended, as well as liquid (500 ml per day). Ukrainians consume extremely few legumes – 9 grams against the recommended 75 grams and only a quarter of the recommended amount of nuts and seeds – 8 grams against 30 grams.
According to the study, Ukrainians consume twice the recommended amount of salt – 9.7 grams compared to the recommended 5 grams of the World Health Organization (WHO). Men consume 17% more salt than women – 10.7 grams versus 8.9 grams.
The average adult sugar intake is 46 grams per day. Only about a quarter of the adult population adheres to recommendations for optimal sugar intake – less than 25 grams per day (25% of men and 23% of women). Some 40% of Ukrainians consume from 25 grams to 50 grams of sugar per day. A high level of sugar consumption – more than 50 grams per day is found for more than a third of the population (35%), of which 12% consume more than 75 grams of sugar per day.
The study involved 1,232 people aged 1 to 60 years. The examination of the study was provided by the Association of Dietitians of Ukraine.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 21/10/19

National bank of Ukraine’s official rates as of 21/10/19

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF OCTOBER 21

Official rates of banking metals from national bank as of October 21

One troy ounce=31.10 grams

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UKRAINE’S PARLIAMENT PASSES AT FIRST READING AMENDMENTS TO BUDGET CODE

Ukraine’s Verkhovna Rada passed at first reading bill No. 2144 with amendments to the Budget Code with 264 supporting votes on October 18.

The bill sets the amount of government support for agricultural producers at a level of no more than 1% of agricultural output due to insufficient spending of these funds.

“For these purposes, the national budget for 2018 earmarked UAH 5.3 billion of expenses, of which UAH 4.2 billion was actually used, or 79.2% of planned amount, which is 0.66% of agricultural output,” the authors of the bill said in the explanatory note.

In addition, the bill determines the amount for the state fund for regional development at the level of no more than 1% of the forecasted income of the general fund of the draft national budget, according to the document.

At the same time, the parliamentary budget committee pointed out the need to refine the bill for second reading.

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OPENING OF TENANTS’ SPACE ON SECOND FLOOR OF CHERRY MALL IS SCHEDULED FOR NOVEMBER 10

The opening of tenants’ space on the second floor of the Cherry Mall in Vyshneve, Kyiv region is scheduled for November 10, 2019.
“Today the second floor of the Cherry Mall is almost ready, most of the floor tenants are completing repairs. In particular, Budynok Іhrashok, Foxtrot, as well as a food court on the second floor, in particular, New York Street Pizza, Kryla, burger’s place and other fast food establishments. We set the task to open the second and second+ floors by November 10,” Technical Director of the shopping center Viktor Bleskin told Interfax-Ukraine.
He also said that Sport Life is actively carrying out repair work, which occupied the entire third floor, as well as the Linia Kino cinema chain and the Play & Jump children’s entertainment center on the fourth level.
“The official opening of the entire mall is tentatively planned for the middle of December. By this time, all tenants must complete repairs at their facilities,” Bleskin added.
According to CEO of Edelburg Development (the project developer) Serhiy Kucher, the development of megamalls today is an erroneous strategy.
“It is clear now that local facilities of 20,000-30,000 square meters will live much longer and grow faster,” he said.
As reported with reference to the project manager, partner of UTG (exclusive agent for the rental of retail space in the Cherry Mall), Artiom Neposedov, the first floor in the new Cherry Mall shopping center of 3,400 square meters was opened in September 2019.

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