Business news from Ukraine

Business news from Ukraine

New Japanese Ambassador arrives in Ukraine

The new Ambassador of Japan to Ukraine, Masashi Nakagome, has arrived in Ukraine, the Japanese Embassy has reported.
“We are pleased to welcome the new Ambassador of Japan to Ukraine, Masashi Nakagome! With many years of experience in diplomacy and international relations, he is ready to continue strengthening the ties between Japan and Ukraine. We are looking forward to starting a new chapter in relations between Japan and Ukraine!” reads the message on the page of the Embassy of Japan in Ukraine on the social network X.
As reported, in October 2024, Ambassador Extraordinary and Plenipotentiary of Japan to Ukraine Matsuda Kuninori completed his diplomatic mission in Ukraine. He had served as Ambassador to Ukraine since October 2021.

Forecast of dynamics of changes in ukrainian GDP in % for 2022-2025 in relation to previous period

Forecast of dynamics of changes in ukrainian GDP in % for 2022-2025 in relation to previous period

Open4Business.com.ua

Prices for apples in Ukraine set new records

This week prices for apples in Ukraine have resumed their growth, according to analysts of the EastFruit project. According to the producers themselves, the next increase in prices in this segment is due to a reduction in the supply of apples of winter varieties in the domestic market. At the same time, the demand from buyers remains quite high, which stimulates the rise in price of these products in the Ukrainian market.

To date, apples are offered for sale in the range of UAH 17-25/kg ($0.41-0.61/kg), depending on the variety, quality and volume of the offered batch, which is on average 13% more expensive than at the end of last week. Current prices for apples in Ukraine are still the highest at least for the last 7 years of monitoring!

At the same time, the supply of quality apples on the market is rather limited, as many producers prefer not to hurry with sales, and the entire volume of winter apples is put in storage in the hope of more intensive price growth in this segment both on the domestic market and higher prices on the part of exporting companies.

Read also: The growth of prices for cucumbers in Ukraine continues – 26% since the beginning of the week

As a result, already today apples in Ukraine cost buyers on average 54% more expensive than in the same period last year. At the same time, market operators note that the price growth did not contribute to the decrease in demand for apples, therefore they do not exclude that next week sellers will make attempts to revise prices in this segment once again.

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

https://east-fruit.com/novosti/tseny-na-yabloki-v-ukraine-ustanovili-novye-rekordy/

 

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FUIB and Limagrain launch promotional loans for purchase of corn seeds

The First Ukrainian International Bank (FUIB, Kyiv) and Limagrain, one of the world’s largest seed companies, have updated the terms of their partnership program and introduced promotional terms for the purchase of corn seeds, the bank’s press service reports.
According to the report, now farmers can purchase these products of the LG Seeds brand of Limagrain at a rate of 0.01% per annum for 9 months.
“The advantages of the partnership program include simplicity and transparency of the process, no need for collateral valuation and notarization, and a convenient repayment schedule adapted to the seasonality of agricultural work. There is also no loan fee,” FUIB emphasized.
For more information about the terms of lending in FUIB, please follow the link or call the bank’s hotline: 0 800 501 27 (calls are not charged).
“Limagrain is a seed company founded by farmers in France more than 50 years ago, ranked fourth in the world ranking. The company has been present in Ukraine since 2008. Its main crops are corn, sunflower, rapeseed, spring and winter wheat, spring and winter barley (feed/brewing). The company’s global network of branches covers 56 countries. The company annually invests about 14% of its turnover in research.
FUIB was founded in 1991. The owner of the bank’s substantial participation is Rinat Akhmetov (indirect participation of 99.9%).

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Zhydachiv Pulp and Paper Mill reduces production by 16%

In January-September 2024, Zhydachiv Pulp and Paper Mill (ZhPPM, Lviv region) reduced its output by 16% compared to the same period in 2023, to UAH 334.23 million, according to statistics from UkrPapir Association.
According to the data provided by the association to Interfax-Ukraine, in physical terms, corrugated packaging output decreased by 13% to 14.8 million square meters, paper output by 22% to 2.6 thousand tons, and containerboard output by 32.8% to 8 thousand tons.
At the same time, in September, the plant reduced production of corrugated boxes by 8% to 1.62 million square meters by September 2023, and paper and cardboard by 24% to 1.21 thousand tons.
As reported with reference to the association’s data obtained from the main industry enterprises, in January-September 2024, Ukraine’s paper and cardboard production increased by 3.4% compared to the same period in 2023, to 444 thousand tons, and cardboard boxes by 15.6%, to 434.63 million square meters.
ZhPPM has a paper production capacity of 43 thousand tons per year (base paper for corrugating, linerboard, cover paper), cardboard production capacity of 50 thousand tons, corrugated cardboard and corrugated packaging capacity of 120 million square meters, and injection molded containers (tray for 30 eggs) capacity of 72 million units per year.
The plant has a full production cycle: from processing of technological raw materials to production of finished corrugated products and cast containers.
In 2023, the plant produced UAH 527.6 million worth of products, up 3.3% compared to 2022. According to the Clarity-project, in 2023, ZhPPM increased its net profit by 51.2% compared to 2022 to UAH 63.14 million, with net income growing by 5.6% to UAH 563.55 million.