Turkish authorities are set to announce an agreement with Chinese automaker BYD Co. to build a $1 billion company facility in the country, Bloomberg reported.
According to the agency’s sources, Turkish President Recep Tayyip Erdogan will announce it on Monday at a ceremony in Manisa province, where the plant is planned to be built.
The opening of the plant in Turkey could make it easier for BYD, China’s largest electric car maker, to access the European Union market, with which the country has a customs agreement.
The day before, the European Commission imposed additional duties on imports of Chinese electric cars into the EU. For BYD Co. this duty amounts to 17.4%. Previously, the EU already had 10% duties on imports of electric cars from China.
The Turkish market is also of interest to BYD. Last year, cars with electric engines accounted for 7.5% of car sales in Turkey.
On Friday, it became known that the Turkish authorities refused to introduce an additional duty of 40% on imports of Chinese electric cars into the country, which was announced in June. This came after Erdogan’s talks with Chinese President Xi Jinping on the sidelines of the Shanghai Cooperation Organization (SCO) leaders’ meeting in Astana.
Forecast of power system capacity deficit, %
Source: Open4Business.com.ua and experts.news
Generation distribution in power system of Ukraine in 2022
Source: Open4Business.com.ua and experts.news
In June 2024, Ukraine increased the number of pigs to 5.2 thousand heads, which is 3.1% more than last year, but 3.4% less than in 2022, the Ukrainian Business Club (UCAB) reported, citing data from the State Statistics Service.
“Due to high purchase prices and cheap feed in 2022 and 2023, the pig industry could recover,” analysts said.
At the same time, they emphasized that in addition to the usual market changes, such as stabilization of grain and oilseed prices, companies must also adapt to the challenges of today. For example, rising energy prices and employee mobilization are forcing farmers to look for innovative ways to reduce costs and increase efficiency.
Experts recalled that in the second half of June 2024, Ukraine recorded the lowest average price in the last two years – UAH 46.3 including VAT per kg of cuttings. The last time such a price was observed at the end of April 2022. This figure was significantly closer to the level of production costs, which excited producers. However, in early June, the price of cuttings rose to 55.1 UAH/kg including VAT.
“There is no single factor that would have a significant impact on this, as this situation is caused by a set of reasons that are atypical for this period of time. First, there has always been a growth trend in the first half of summer, even during the war. This year, power outages and mobilization led to a decrease in demand. Secondly, if before the war imported pork influenced domestic pricing, now it does not. Volumes have dropped to 300-500 tons from 2500-4000 tons. Market changes are caused exclusively by internal factors, as most of the pork on the shelves is Ukrainian,” explained UCAB analyst Maksym Hopka.
Number of unemployed in Ukraine and job opportunities, 2023-2024
Source: Open4Business.com.ua and experts.news
In January-June, Ukrzaliznytsia (UZ) increased passenger transportation by long-distance trains by 23% year-on-year to 13.5 million, the company’s press service reported.
According to the company’s telegram channel on Thursday, UZ carried 2.4 million more passengers during the reporting period than last year.
In the international direction, 1.1 million passengers were transported against 890 thousand in January-June last year.
It is emphasized that, in addition to quantitative indicators, the railroad focused on qualitative ones.
In the first half of the year, the overall on-time performance of domestic trains was 92%. Ukrainian railroaders managed to keep this figure despite enemy shelling of infrastructure, power outages that required a prompt switch to diesel traction, as well as during an active period of infrastructure repairs and “repair windows,” UZ said, noting that international traffic pulls down the on-time performance.
“Checks at border crossings often delay flights, and Ukrainian trains wait for international connecting flights to be late so as not to leave our passengers to fend for themselves,” the company explained.
Passenger satisfaction with the level of service and the work of train crews in the first half of the year was 67%, which is 4% higher than in the same period last year. In high-speed trains, this figure is 79%. The rate of satisfaction with the trip among female passengers in women’s compartments is consistently the highest – 88%, the report says.
