Business news from Ukraine

Business news from Ukraine

PM GROYSMAN TO ATTEND BUSINESS FORUM IN OSLO (NORWAY)

Prime Minister Volodymyr Groysman intends to visit Oslo (Norway) at the end of January of this year, where he will take part in a business forum.
“At the end of January, I plan an official visit to Norway. One of the events of the trip will be a business forum, which we will open together with the leadership of the Norwegian government,” Groysman said on Facebook.
According to the press service of the Cabinet of Ministers of Ukraine, the potential of economic cooperation between Ukraine and Norway needs to be strengthened, and this is facilitated by both the political dialogue between the countries and the expansion of the areas of economic cooperation that has been observed recently.
It is noted that now more than 50 Norwegian companies operate in Ukraine. The range of investment is not only trade in goods traditional for both countries, primarily metal and food, but also advanced technologies, in particular, green energy – solar and wind.
“The planned volume of Norwegian investments in this particular area will reach hundreds of millions of dollars. Relevant energy projects will be implemented in the south of Ukraine,” the report says.

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UKRAINIAN PRESIDENT TO TAKE PART IN DAVOS FORUM

President of Ukraine Petro Poroshenko on January 23-24 will make a working visit to Switzerland to participate in the annual World Economic Forum, his press service said. “The head of state will take part in the session on the Strategic Outlook for Central and Eastern Europe and hold a series of bilateral meetings with leaders of international organizations, world leaders, and representatives of leading business circles of the world,” the message says. The president of Ukraine will also chair the second meeting of the National Investment Council, which will be held in Davos.

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PRIVATBANK SEES UAH 11.7 BLN OF NET PROFIT IN 2018

PrivatBank (Kyiv) in 2018 saw UAH 11.7 billion of net profit, Board Chairman Petr Krumphanzl has said.
“2018 was not easy, but we were successful. I think that this figure [profit] is a contribution for the state, because it helps the development of the country, it helps the stability of the financial system, and it helps us to implement the strategy [of the bank’s development] approved by the Ministry of Finance. This is the best result since the economic crisis and the outbreak of war, and I am pleased that today I can name this figure – UAH 11.7 billion,” he said at a briefing in Dnipro on Tuesday.

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UKRAINE INCREASES EXPORTS OF FRUITS AND BERRIES

Ukraine in 2018 exported $229 million worth of fruits and berries, which is 17% more than a year earlier.
According to the Ukrsadprom association, the main products in this group were walnuts, which were delivered for $117 million, frozen fruits and berries for $78 million, apples and pears worth $15 million. Their total share in exports of horticultural products was 92%.
According to Ukrsadprom, in 2018 exports of walnuts rose by 32%, to 41,000 tonnes, frozen fruits by 14%, to 48,000 tonnes, apples and pears by 79%, to 43,000 tonnes.
Apples of Ukrainian production were exported to 60 countries, the leaders are Belarus (40%), Moldova (14%), and Sweden (9%).
The average price of domestic apples in foreign markets exceeded $350 per tonne, peeled walnuts $3,670 per tonne, and frozen berries $1,640 per tonne.
Traditionally, the main markets for Ukrainian exporters remained the EU countries, which buy about two-thirds of Ukrainian fruits and berries. The largest number of Ukrainian products was exported to Poland (for $39.8 million), Turkey ($20.4 million), France ($15.7 million), Belarus ($13.8 million), Greece ($12.9 million), the Netherlands ($11.2 million), and Italy ($10.2 million).

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