Business news from Ukraine

Business news from Ukraine

YULIA TYMOSHENKO PROPOSES STARTING DISCUSSION ON CREATION OF NEW COALITION IN PARLIAMENT, NEW GOVERNMENT

Leader of the parliamentary faction Batkivschyna Yulia Tymoshenko proposes to begin consultations on the creation of a new coalition in the Verkhovna Rada.
“I think that now we need to hold the main discussion about whether there will be extraordinary or next ones – we still have half a year to restart – we need to start a discussion about creating a new coalition in parliament and creating a new government of Ukraine with a completely new strategy and tactics of governing the country,” Tymoshenko said at a meeting of the conciliatory council of faction leaders and parliamentary groups on Monday.
She noted that, otherwise, time will be lost and chaos will continue, which today, according to the politician, exists in the country.

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UKRAINE EXPORTS 43.5 MLN TONNES OF GRAIN SINCE START OF 2018/2019 MARKETING YEAR

Ukraine since the beginning of the 2018/2019 marketing year (MY, July-June) and as of May 10, 2019 had exported 43.5 million tonnes of grain and leguminous crops, which is 25% more than on the same date of the previous MY.
According to the Ministry of Agrarian Policy and Food, farmers exported 24.9 million tonnes of corn, 14.45 million tonnes of wheat, and 3.4 million tonnes of barley.
Some 250,000 tonnes of flour had been also exported on the specified date.
As reported, with reference to the ministry, Ukraine exported 39.4 million tonnes of grain in the 2017/2018 MY.
According to the ministry, grain exports in the 2018/2019 MY are projected to be 49 million tonnes.

NUMBER OF GREEN CARD INSURANCE CONTRACTS IN UKRAINE UP BY 48.9%

The number of Green Card international insurance contracts signed by the companies that are members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) increased by 48.99% in January-March 2019 compared with January-March 2018, to 212,616.
According to the MTIBU’s website, the amount of accrued insurance premiums for this period rose by 39.87% compared to the same period last year, to UAH 453.5 million.
At the same time, the amount of compensation paid under the claims decreased by 12.41%, to EUR 2.473 million.
The number of paid claims fell by 8.49%, to 1,229.

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HEAD OF UKRSADVYNPROM EXPECTS INCREASE IN EXPORTS OF FRUITS BUT STRAWBERRY LOSSES IN WESTERN UKRAINE 30%

Fruits, in particular, apples, well withstood weather conditions, the harvest is expected to be at the same level as last year, but overproduction could reduce due to exports, Head of Ukrsadvynprom Volodymyr Pechko has said.
“We are expecting a harvest at the level of last year for fruits (in particular, apples). We hope for an increase in exports this year,” Pechko told Interfax-Ukraine.
According to Taras Bashtanyk, the director general of the Ukrainian Berries company, stone fruits are in a good condition as well.
“In our zone, stone fruits survived the weather. If Belarus works, then the prices will be good, but if Belarus does not work and the whole crop remains in Ukraine, then the prices will not be very good. As for the other berries: there are strawberry harvest losses only in western regions (Lviv, Ternopil regions). There losses make up 20-30%, in some farms even 40% due to frost, hail and hurricane,” he told the agency.
According to him, due to adverse weather conditions, Poland lost a significant part of strawberries this year.
Ukrsadvynprom unites more than 170 enterprises from different regions of Ukraine.