Business news from Ukraine

Business news from Ukraine

RETAIL FUEL PRICES IN UKRAINE CHANGE OVER WEEK – A-95

Average retail prices for petrol and diesel fuel in Ukraine in the period from December 21 through December 28, 2018 fell by 0.78-0.88%, while prices of LPG by 2.3%, according to data from the A-95 Consulting Group (Kyiv).
As reported, in 2017, average retail prices for petrol in Ukraine increased 19.2-20.1% (UAH 4.61-4.76 per liter), and for diesel fuel 22.6% (UAH 4.84 per liter). At the same time, average prices for liquefied petroleum gas (LPG), despite a sharp increase in August due to deficit, showed an increase of only 2.9% for the year (by UAH 0.36 per liter).
Changes in average retail fuel prices UAH per liter in Ukraine:

©Source: A-95 Consulting Company

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NIBULON TO BUILD PORT COMPLEX IN OCHAKIV

Nibulon (Mykolaiv), one of the largest grain traders in Ukraine, is launching a new comprehensive project involving the construction of a port complex in Ochakiv (Mykolaiv region), which will become the base for the company’s fleet.
“Our company is starting to work on the implementation of a new complex project at the mouth of the Dnipro-Buzky estuary. The base for this project will be Ochakiv fish canning plant, whose property we purchased at an auction. That is why our investment program at the mouth of the Dnipro-Buzky estuary will include two parallel directions,” Nibulon CEO Oleksiy Vadatursky said on his Facebook page.
According to him, the matter concerns the construction of a port complex and the restoration of fishing industry, in particular, the processing and canning of fish, crustaceans and mollusks in the Dnipro-Buzky estuary.
“This is a complex project, therefore we are also considering the possibility of building a specialized fleet for the needs of this industry at our own shipbuilding plant,” Vadatursky said.
Nibulon was established in 1991. It is one of the largest operators in the grain market of the country.

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GRAIN STOCKS IN UKRAINE AS OF EARLY DEC 2018 ALMOST 26% MORE THAN AS OF EARLY DEC LAST YEAR

Grain and leguminous crop stocks in Ukraine as of December 1, 2018 grew by 25.8% year-over-year, reaching 34.068 million tonnes, according to the UkrAgroConsult analytical agency with the reference to the State Statistics Service.
According to a report on the website of the agency, the indicators grew thanks to a rise of 59.3% in corn stocks, as the corn harvest hit a record, being 22.655 million tonnes. Stocks of other crops showed a decline. The largest decline was recorded for rye – 37%, to 124,700 tonnes.
As reported, referring to the Agricultural Policy and Food Ministry of Ukraine, grain harvest in Ukraine in 2018 was around 70.1 million tonnes compared with 62 million tonnes last year.
Ukraine exported 39.9 million tonnes of grain in the 2017/2018 agricultural year. Grain exports in the 2018/2019 agri-year are projected to be 47.2 million tonnes.

UKRAINIANS REGISTER 11,000 CARS WITH FOREIGN LICENSE PLATES IN ONE MONTH – FISCAL SERVICE

Ukrainians registered 11,000 cars with foreign license plates, which were registered in the temporary importation or transit regimes, in one month, the State Fiscal Service of Ukraine reported on its website on Thursday.
“From November 25 through December 26, 2018, citizens cleared 11,000 vehicles with foreign license plates, which have been imported to the customs territory of Ukraine since January 1, 2015 until the new rules of importation of these vehicles took effect,” the authority said.
Almost 9,600 out of cleared vehicles stayed in the country in violation of the Ukrainian legislation, the State Fiscal Service said.
On December 26, almost 1,400 vehicles were cleared.
As reported, Ukraine’s Verkhovna Rada passed bills cutting the excise duty on vehicles and toughening supervision over the movement and use of vehicles registered in other states. The preferential excise duty (with the 0.5 factor) was set for owners of cars with foreign licenses plates for clearing their vehicles within 90 calendar days.

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