Business news from Ukraine

Business news from Ukraine

Geographical structure of Ukraine’s foreign trade (exports) in Jan-Apr 2024, mln USD

Geographical structure of Ukraine’s foreign trade (exports) in Jan-Apr 2024, mln USD

Source: Open4Business.com.ua and experts.news

Filatov Institute in Odessa received grant to develop early diagnosis of stress-associated psychological changes

Institute of Eye Diseases and Tissue Therapy named after V.P. Filatov of the National Academy of Medical Sciences of Ukraine (Odessa) received a grant from the National Research Foundation of Ukraine to study ophthalmologic biological markers and develop an objective method of early diagnosis of unfavorable stress. V.P. Filatov Institute of the National Academy of Medical Sciences of Ukraine (Odessa) has received a grant from the National Research Foundation of Ukraine to study ophthalmologic biological markers and develop an objective method for early diagnosis of unfavorable stress-associated psychological changes in the human condition.

As Interfax-Ukraine was informed in the Institute, the research will allow early diagnosis of participants of any crisis situations, both global (such as war, man-made or natural disasters, pandemic, etc.) and local (traffic accidents, domestic violence, terrorist acts, etc.).

It is noted that scientists of the Filatov Institute have already conducted a number of studies in the field of hardware-instrumental determination of signs of stress-associated disorders based on ophthalmologic markers: analysis of eye movement data and changes in pupil parameters.

“Further research combined with the creation of understandable and easy-to-use software for rapid processing of the obtained data should become the basis of a method that will ensure the objectivity of research, the ability to determine the threat of stress-related disorders in the presence of symptoms insufficient for clinical diagnosis,” commented the institute.

In addition, the short time required for research and data processing will make it suitable for use in mass diagnostic activities (screening), the report specified.

According to the Ministry of Health, more than 15 million Ukrainians will require psychological support after the end of the war. Most of all from psychological trauma suffer direct participants of military operations. The number of victims affected by war syndromes, for example, is from 35% to 70% of all participants of military operations, regardless of whether they were in the combat zone or not.

The Institute of Eye Diseases and Tissue Therapy named after V.P. Filatov of the National Academy of Sciences of Russia. V.P. Filatov Institute of Eye Diseases and Tissue Therapy of NAMNU was founded in 1936. It is a leading scientific and medical institution and a national center of scientific research in the field of ophthalmology.

Ukraine increased imports of zinc and tin in January-June

According to the customs authorities, in January-June this year, Ukrainian companies increased imports of tin by 19.5% to $1.350 million ($330 thousand in June) and increased imports of zinc and zinc products by 37.4% to $28.340 million ($5.110 million in June).
Tin is used as a safe, non-toxic, corrosion-resistant coating in its pure form or in alloys with other metals. The main industrial applications of tin are in food packaging, electronics solders, and bearing alloys. The most important tin alloy is bronze (with copper).
Pure zinc metal is used to restore precious metals, protect steel from corrosion and for other purposes.

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ECA supported exports by UAH 4.6 bln

The Export Credit Agency of Ukraine (ECA) supported exports worth UAH 4.6 billion in the first half of 2024, First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko said.
“In the first half of the year, the Export Credit Agency of Ukraine increased the volume of export support by almost 2.5 times compared to the same period last year,” the press service of the Ministry of Economy quoted the Vice Prime Minister as saying.
It is emphasized that the development of non-resource exports is one of the key areas of the “Made in Ukraine” economic policy, and ECA instruments help to achieve these goals, as banks recognize ECA insurance as sufficient collateral for a loan, which simplifies and reduces the cost of obtaining a loan.
In addition, cooperation with the ECA reduces the risks of the exporter and the bank, reduces the cost of financing and increases opportunities for business development, Svyrydenko explained.
The three leading regions are as follows: Kyiv – UAH 2.78 billion, Lviv region – UAH 1.11 billion, Vinnytsia region – UAH 234.2 million.
The top five countries to which Ukrainian producers sold their products in January-June (in terms of the value of concluded and insured contracts) were Poland, the UAE, Azerbaijan, Slovakia and Germany.
The most popular export goods were dairy products, wood and wood products, toys, clothing, and processed vegetables.
The tools of the Export Credit Agency of Ukraine are one of the elements of the “Made in Ukraine” policy, which was presented by President Volodymyr Zelenskyy in February. Its goal is to support non-resource exports, develop production and attract investment in the real sector, the Ministry of Economy reminded.

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Ukraine exhausts quotas for honey, corn and chicken supplies to EU

Ukraine is exhausting its tariff-free quotas for honey, corn and chicken supplies to the European Union, European Commissioner for Agriculture Janusz Wojciechowski said at a conference after the Council of Agricultural Ministers meeting in Brussels on Monday.
“I am pleased that today, during the discussion on Ukraine, member states generally expressed positive views on the new autonomous trade measures and on the safeguard measures introduced. It was the initiative of the European Commissioner for Agriculture to introduce these import limits, and they are working. They were activated for three products – sugar, eggs and oats. We are observing the situation with other sensitive products. Honey, whose exports have already reached 89% of the limits, corn – 67%, and chicken – 59%,” he said.
Wojciechowski emphasized that European politicians’ accusations against the EU’s Common Agricultural Policy that it is aimed at reducing domestic production and further increasing dependence on imported products are unfounded. The EU has been and will remain the largest exporter of agricultural products in the world, he assured.
According to the European Commissioner, the EU’s agricultural trade surplus in 2023 reached a record EUR 70 billion. This year, this record may be broken, as in the first quarter alone, the EU’s trade surplus with third countries already amounted to EUR 18 billion.

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Beer production in Ukraine increased by 104.2%

Beer production in Ukraine in the first six months of 2024 reached 67.9 million dal, up 104.2% compared to the same period in 2023, according to the website of the industry organization of brewers Ukrpyvo.
Earlier it was reported that in 2023, beer production in Ukraine (except for non-alcoholic beer with an alcohol content of up to 0.5 vol%) amounted to 133.4 million dal, which is 7.8% more than in 2022. This figure is only 78.3% of the country’s beer production in 2021.
Beer production in Ukraine in 2022 decreased by 27.9% compared to 2021 – to 122.8 million dal.
By the end of 2022, the brewing industry had partially recovered after a 50% drop in production in the first quarter due to the Russian invasion and the shutdown of some breweries. Thus, in the first four months of the year, the decline amounted to 42.8% compared to the same period in 2021, 36.4% in January-May, 32% in January-June, 31.6% in January-July and January-August, 30.5% in January-September, 28.6% in January-October, 28.1% in January-November, and 27.9% in the previous year.