Business news from Ukraine

Business news from Ukraine

Fuel price developments for 2022-2023

Fuel price developments for 2022-2023

Source: Open4Business.com.ua and experts.news

Meest offers businesses new product for postal exports

Postal and logistics operator Meest Export has been included in the Unified State Register of postal operators, which will allow it to offer services to businesses operating in the field of electronic commerce, Meest China shareholder Vyacheslav Lysenko told Interfax-Ukraine.

The National Commission, which carries out state regulation in the spheres of electronic communications, radio frequency spectrum and provision of postal services, decided to include Meest Export in the state register of postal operators on August 9.

“Meest has been operating in the postal services market for more than 30 years in both c2c and b2c segments. We see high demand from online stores, marketplaces, and most of all from SMEs looking for other markets for their products. Having international experience in e-commerce, we decided to separate export by postal channel into a separate business line of the group,” Lysenko said.

In addition, according to him, the operator will focus on the creation of a new product for small and medium-sized businesses that are interested in bringing the sale of goods to the markets of Europe, the United States, and China.

“The product will include three solutions: easy integration with foreign marketplaces, access to customer base and promotion, fast logistics and customs procedures, as well as fast refunds,” Lysenko specified.

The product to be offered to the market can be called a “concierge service” for businesses exporting goods from Ukraine, he added.

Postal and logistics operator Meest has been operating in the postal services market for more than 30 years. It has its own infrastructure in more than 20 countries and delivers parcels to 95 countries.

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Impact of electricity deficit on real GDP vs no deficit, % (forecast up to 2024)

Impact of electricity deficit on real GDP vs no deficit, % (forecast up to 2024)

Source: Open4Business.com.ua and experts.news

Ukraine has increased supplies of food and agricultural products to Norway by 31%

Trade statistics in the first half of 2023 compared to the same period last year showed an increase in trade in goods between Norway and Ukraine by 26%, the Norwegian-Ukrainian Chamber of Commerce (NUCC) reported.

“An important and notable trend is the significant 31% increase in Norwegian imports from Ukraine. This increase was primarily driven by growing demand for food and agricultural products used in feed production,” the NUTP said.

According to the report, in other sectors such as manufacturing, engineering, furniture and clothing, the level of trade remained stable.

A similar revival in Norwegian-Ukrainian trade relations was seen in the supply of goods from Norway to Ukraine, which grew by 25% in the first half of the year compared to last year’s figures.

Growth in seafood trade, according to the NUTP, was “particularly impressive” – up 18% compared to previous years of cooperation. Export revenue for this product category rose by 25% in monetary terms, driven by higher prices.

In addition, Norway increased its exports of electric cars in the reporting period – more than 800 units were delivered to Ukraine in June alone. “These exports account for about one-third of all imports of electric cars to Ukraine, which made Ukraine the most important export market for used Norwegian electric cars,” NUTP summarized.

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Rozetka opens stores in Kramatorsk and Konstantinovka

Ukrainian online retailer Rozetka has opened stores in Kramatorsk and Konstantinovka, Rozetka co-founder Vladyslav Chechetkin told iforum2023 on Thursday.

“Yesterday we opened in Konstantinovka and Kramatorsk. We got stores there,” Chechetkin said.

According to him, before the war Rozetka in the above cities did not have them.

Chechetkin emphasized that the opening of stores in front-line cities is part of the company’s social mission.

“If you look at the map of military operations, you will see what distance from Konstantinovka to the front line is. For us, this means a social mission. Basically, we want to be near our customers, to help the locals who are constantly living in the war and also our military. Thus, we open even in the war zone,” the co-founder added to the Interfax-Ukraine agency.

He noted that Rozetka also operates in Mykolaiv and Kherson, which are regularly shelled by Russian occupation troops. In Kherson, the retailer opened on the third day after the de-occupation, but not all the stores that were there before the war are still operating in the city. In Nikolaev, the work of Rozetka has not stopped, Chechetkin said.

Online electronics and home appliances store Rozetka was founded in 2005 in Kiev by Vladislav and Irina Chechetkin, later the co-owner of the company became a fund managed by Horizon Capital. The company has now transformed itself into a multi-category online marketplace, but is also developing a network of its own stores, which stood at 297 as of February 2023, up from 270 a year earlier. In December 2022, Rozetka’s traffic amounted to 40 million people per month

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“AgroVista” has sent first ship with 3rd class wheat to Greece

AgroVista Agro Holding has sent the first ship with 3rd class wheat of the new harvest to Greece, the next one with feed wheat is intended for Spain, the company’s press service reported.

“In this marketing year, taking into account the stoppage of the “grain corridor”, “AgroVista” returned to the work of logistics routes through the Danube corridor. Also due to the high load of the Danube direction and the temporary absence of the work of the “grain corridor” holding sells part of its products using other transport corridors – road, rail and river, delivering grain to the nearest ports of neighboring countries and buyers in the European Union,” – stated in the message.

According to information on the official website, in 2022/23 MY agroholding, using the “grain corridor”, the Danube corridor and transit routes to the EU countries, shipped for export more than 0.5 million tons of grain, which was sold in the countries of the Mediterranean Sea, the Middle East, Turkey and Egypt.

“AgroVista” (formerly the group of companies “UkrAgroCom” and “Hermes Trading”) is an integrated agricultural corporation specializing in grain and oilseed crops, livestock, grain trading and sugar production. Its land bank is 80 thousand hectares.

According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the ultimate beneficiaries of AgroVista agroholding are businessmen and former MPs Anatoliy Kuzmenko and his son Serhiy Kuzmenko.

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