Business news from Ukraine

Business news from Ukraine

Starting price of Zhytomyr Distillery during privatization will be UAH 101 mln

The State Property Fund of Ukraine (SPFU) has put up the single property complex of the State Enterprise Zhytomyr Distillery (Zhytomyr) for privatization at auction via Prozorro.Sale at a starting price of UAH 101.1 million, the SPFU press service reports.

According to the report, the asset includes 147 units of real estate, 47 vehicles, 1457 units of equipment, furniture, inventory, etc. It is noted that in addition, the single property complex includes a separate subdivision of the Chudniv branch of the Zhytomyr Distillery (Chudniv), non-residential premises (Vilshanka village), a built-in premises (Korosten district, Olevsk), an artesian well (Korochenky village) and two shops (Zvyagel and Lyubar village). The total area of the asset is 24,320 square meters.

The state-owned enterprise has two valid licenses: for the production of alcoholic beverages valid until April 10, 2026, and for the right to wholesale alcoholic beverages, except cider and perry, which is valid until December 27, 2026.

As of December 31, 2024, the carrying value of assets amounted to UAH 101 million 90 thousand, accounts payable – UAH 161 million 196 thousand, including UAH 11 million 133 thousand in payroll and UAH 26 million 349 thousand to the budget. The company employs 205 people.

The company has a protection agreement for a local cultural heritage site. All of the company’s property has been seized, and it is not leased. Registration for the auction will last until April 10 at 20:00. The auction will take place on April 11.

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Canadian Prime Minister dissolves parliament and calls for elections

Canadian Prime Minister Mark Carney announced the dissolution of parliament on Sunday and new elections on April 28.

“I have just asked the Governor General to dissolve parliament and call a federal election on April 28,” he wrote on social media site X.

“We must build the strongest economy in the G7. We must deal with President Trump’s tariffs. Canadians deserve a choice about who should lead these efforts for our country,” the prime minister emphasized.

Earlier, Experts Club and Maksim Urakin released a video analysis on the most important elections in the world in 2025 – https://youtu.be/u1NMbFCCRx0?si=AOtHGDT1kGNdZd2g

 

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Ukraine increased copper imports by 4% in January-February 2025

In January-February 2025, Ukrainian companies increased imports of copper and copper products by 4% compared to the same period of 2024 – up to $30.277 million.

According to customs statistics, copper exports increased by 31.3% to $14.305 million in the period under review. In February, copper was imported for $16.462 million and exported for $7.354 million.

Copper is widely used in electrical engineering, pipe manufacturing, alloys, medicine and other industries.

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Ukraine increased spring grain plantings by 16.7%

As of March 20, Ukraine sowed 250.4 thousand hectares of spring grains and legumes in 19 regions, up 16.7% year-on-year, the press service of the Ministry of Agrarian Policy and Food reported on Friday.

According to the report, 36.7 thousand hectares were planted with wheat (12.9 thousand hectares a week earlier), 133.5 thousand hectares with barley (45.2 thousand hectares), 57 thousand hectares with peas (17.8 thousand hectares), and 16.9 thousand hectares with oats (7.2 thousand hectares).

Last week, Ukrainian farmers sowed grains and pulses on 167.4 thou hectares.

According to the Ministry of Agrarian Policy, the leading regions in terms of sowing are Mykolaiv, which sowed spring crops on 43 thou hectares, including 1.5 thou hectares of wheat, 22.5 thou hectares of barley, 18.7 thou hectares of peas and 0.3 thou hectares of oats; Ternopil – 6.4 thou hectares of wheat, 21.3 thou hectares of barley, 2.1 thou. hectares of peas, 1.5 thousand hectares of oats; Kirovograd – 0.9 thousand hectares of wheat, 14.5 thousand hectares of barley, 10.5 thousand hectares of peas; Vinnytsia – 5.6 thousand hectares of wheat, 12.3 thousand hectares of barley, 5.3 thousand hectares of peas, 0.9 thousand hectares of oats; Rivne – 0.5 thousand hectares of wheat, 10.7 thousand hectares of barley, 0.7 thousand hectares of peas, 3.3 thousand hectares of oats.

The Ministry reminded that in general, in 2025, it is planned to sow more than 5.7 million hectares of spring grains and legumes, which corresponds to the level of 2024. The main feature of the new season will be an increase in the area under spring wheat by 28%, to 222.8 thou hectares. Such changes in the crop structure correspond to the stable demand for wheat from processing companies and exporters.

As reported, as of March 21, 2024, Ukraine sowed 214.5 thsd ha of spring grains and pulses in 20 regions. Peas were sown on 53.1 thou hectares, barley on 117.3 thou hectares, wheat on 29 thou hectares, and oats on 10.6 thou hectares.

Dynamics of reserves of Ukraine from 2012 to 2024, million USD

Dynamics of reserves of Ukraine from 2012 to 2024, million USD

Source: Open4Business.com.ua