Business news from Ukraine

Business news from Ukraine

Pharmacy sales in Ukraine increased by 12% in 9 months

Pharmacy sales in Ukraine in January-September 2024 increased by 12% in monetary terms compared to the same period in 2023 – up to UAH 141.17 billion, while in physical terms it decreased by 4.97% – to almost 862.731 million packs.
According to Business Credit, according to its research, the weighted average price of pharmacy basket items during this period was UAH 163.64, which is 17.9% more than in the same period in 2023.
At the same time, pharmacy sales of medicines in January-September 2024 amounted to UAH 110.667 billion, which is 12.3% more than in the same period in 2023, but in physical terms, pharmacy sales of medicines decreased by 5.48% to 602.525 million packs.
The weighted average retail price of medicines in January-September 2024 amounted to UAH 183.67 per unit, which is 18.8% more than a year earlier.
Pharmacy sales of dietary supplements in the first nine months of the year increased by 13.16% to UAH 14.378 billion in monetary terms, while in physical terms they decreased by almost 3.17% to 72.098 million packs. The weighted average price in this segment in the first half of the year increased by 16.87% compared to the same period in 2023 to UAH 199.42 per unit.
As reported, in January-June 2024, pharmacy sales in Ukraine increased by 12.67% in monetary terms compared to the same period in 2023 to UAH 94.784 billion, while in physical terms they decreased by 4.7% to 583.21 million packs. The weighted average price of pharmacy basket products during this period amounted to UAH 162.52, which is 18.25% more than in the same period of 2023.
At the same time, pharmacy sales of medicinal products in January-June 2024 amounted to UAH 74.258 billion, which is 12.68% more than in the same period of 2023, but in physical terms decreased by 5.13% to 408.796 million packs. The weighted average retail price of medicines in January-June 2024 amounted to UAH 181.65 per unit, which is 18.67% more than a year earlier.

USAID provides $6 million to four Ukrainian companies to develop and increase exports

USAID’s Investing for Business Sustainability project has signed four co-investment agreements with Ukrainian companies for $6 million under the Business Growth Support Program, the project’s press office reported on Facebook.
“The goal of the program was to support companies that will be able to quickly increase exports, sales and create new jobs,” the program stressed.
Among the recipients is Delta Food agro-industrial group (TM Gulyai-pole), which produces more than 90% of mayonnaise products on the Ukrainian market. The company received financing of $1 mln to develop production of sauces in glass containers with subsequent export to the Baltic States and for realization on the domestic market.
Uterm Ukraine LLC (Bila Tserkva, Kyiv region), a leading Ukrainian manufacturer of steel heating radiators, received $2 mln to expand its production after relocation. The company is expected to create 250+ new jobs.
Suziria Group, which specializes in pet products, also received $2M to expand its network of production facilities. With financial support from the project and a $4.5 loan from Oschadbank, the company has ordered new equipment and is preparing to launch a wet cat food plant.
In addition, Karat LLC, a carpet manufacturer, received $1 million from the project and attracted additional bank financing to purchase raw materials. This allowed the company to retain 725 jobs, resume export activities, and approach pre-war production levels.
USAID’s Investing for Business Resilience (IBR) project is a five-year program implemented by DAI Global that supports systemic change in Ukraine’s economy and increases the supply of financing available to Ukrainian businesses.

 

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“Ukrenergo” currently sees no reason to introduce schedules for limiting electricity consumption for households

NPC Ukrenergo currently sees no reason to introduce schedules for limiting electricity consumption for households, the company said on Telegram.

“The drop in air temperature at the beginning of next week will indeed predictably lead to an increase in energy consumption. But whether this will require the use of blackouts (in particular, for household consumers) can only be predicted by NPC Ukrenergo, which has not yet provided any forecasts on the application of restrictive measures,” the company said in a statement on Friday.

It is emphasized that Ukrenergo, together with the Ministry of Energy, regional military administrations and energy companies, is doing everything possible to ensure that there is no need to apply blackouts now.

As reported, Volodymyr Velychko, an independent member of Centrenergo’s supervisory board, said in a comment to Interfax-Ukraine that hourly power outage schedules could start as early as next week with a significant drop in temperature.

In response, Centrenergo called the assumption of possible power outages the personal opinion of a member of its supervisory board.

Schedules of power supply restrictions for households are introduced after other measures to balance the power system, such as internal reserves, imports, emergency assistance, and schedules of restrictions for industry, have been exhausted.

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Prices for quality carrots are rising in Ukraine

Increased trade activity stimulates the growth of prices for carrots in Ukrainian farms, according to analysts of the EastFruit project. According to the producers themselves, at the moment this root vegetable is actively purchased by both wholesale companies, which put it in storage, and the population, which forms stocks for the winter. In addition, sales to retail chains remain quite stable.

Today, farmers in the main regions of production ship quality carrots at 18-25 UAH/kg ($0.16-0.22/kg), which is on average 12% more expensive than at the end of last week. However, industry experts emphasize that the trend of price growth is observed only in the segment of high quality carrots, which are purchased for storage.

It should be noted that at the moment prices for quality carrots in Ukraine are already on average 3.3 times higher than in the same period last year. At the same time, some producers plan to further increase prices for carrots, provided the current sales rates are maintained.

You can get more detailed information about the development of carrots and other fruit and vegetable products market in Ukraine by subscribing to the operative analytical weekly – EastFruit Ukraine Weekly Pro. Detailed product information is available here.

https://east-fruit.com/novosti/v-ukraine-rastut-tseny-na-kachestvennuyu-morkov/

 

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Ukrainian agrarians harvested 66.7 mln tons of crops from 18.6 mln hectares – Ministry of Agrarian Policy

As of October 25, farmers in all regions of Ukraine have harvested 66.7 million tons of new crops from 18.6 million hectares, compared to 63.7 million tons and 18.1 million hectares a week earlier.
As reported by the Ministry of Agrarian Policy and Food on Friday, 47.2 million tons (45.1 million tons) of grains and legumes, 18.8 million tons (18.6 million tons) of oilseeds and 9.5 million tons (8.3 million tons) of sugar beets have already been harvested.
The Ministry specified that the harvest of wheat has been completed, with 22.3 million tons harvested from 4.9 million hectares at a yield of 42.4 c/ha, barley – 5.5 million tons from 1.4 million hectares at a yield of 39.2 c/ha, peas – 465.3 million tons from 212.2 thousand hectares at a yield of 21.9 c/ha, and rapeseed – 3.5 million tons from 1.3 million hectares at a yield of 27.3 c/ha.
Corn harvesting continues, with 18.3 million tons (15.4 million tons a week earlier) from 3.07 million hectares (76% of the plan), buckwheat – 126.9 thousand tons (124.8 thousand tons) from 87.5 thousand hectares (98%), millet – 160.2 thousand tons (159.5 thousand tons) from 85.9 thousand hectares (92%).
The oilseeds harvest is nearing completion in Ukraine. In particular, 5.73 mln tonnes of soybeans have been harvested (5.6 mln tonnes a week earlier) from 2.52 mln ha (95%), and 9.599 mln tonnes of sunflower (9.5 mln tonnes) from 4.67 mln ha (95%).
At the same time, the leaders in grain harvesting are farmers in Odesa region who threshed 4.4 mln ha, Poltava region – 4 mln tons, Chernihiv region – 3.7 mln tons. In terms of yields, the leaders are farmers of Khmelnytsky region with 72.3 c/ha, Chernihiv region – 67 c/ha and Chernivtsi region – 65.6 c/ha.

China has completely lifted restrictions on foreign investors’ access to manufacturing industry

China has lifted all restrictions on foreign investors’ access to the country’s manufacturing industry, a landmark move for the world’s second-largest economy, Xinhua news agency reports. On Friday, a new list of sectors of the economy prohibited for foreign investment came into effect, and the last two items related to manufacturing were removed from it. The number of “closed” industries was reduced to 29.

The new document suggests that China’s manufacturing industry has reached a world-leading level of openness. Almost all developing countries impose restrictions on foreign investment in this sector, and even some developed countries continue to maintain certain restrictions, according to experts from the National Development and Reform Commission (NDRC).

In 2010, the volume of value added in China’s manufacturing industry exceeded that of the United States for the first time. In 2023, it accounted for approximately 30% of the global total, allowing the country to remain the world’s largest producer for 14 consecutive years.

In recent years, China has seen a steady increase in foreign direct investment (FDI) in high-tech manufacturing. In January-September of this year, the volume of actually utilized foreign investment increased by 57.3% and 29.2% year-on-year in the medical equipment and instrumentation industries, as well as in the computer and office equipment sector.