On September 9, the State Protection Department of Ukraine opened a tender for voluntary motor vehicle hull insurance.
According to the electronic public procurement system Prozorro, the lowest price offer was made by Ultra Alliance Insurance Company – UAH 1.897 million against the expected cost of UAH 6.6 million. In this regard, the organizer of the tender asks the company to justify the abnormally low offer by September 11.
The tender is also attended by IC Persha with an offer of UAH 5.08 million.
As reported, the tender was announced on August 9. The complaint of Ultra Alliance Insurance Company (Kyiv) was submitted to the Antimonopoly Committee of Ukraine (AMCU) for consideration on August 13. On August 26, the AMCU ordered the State Protection Department of Ukraine to amend the tender documents.
Ultra Alliance Insurance Company was registered in 2004 and specializes in risk insurance.
Number of refugees from Ukraine in selected countries as of 30.06.2024
Open4Business.com.ua
As of September 10, farmers in all regions of Ukraine sowed 639.9 thou hectares of winter crops, compared to 484.1 thou hectares a week earlier, the press service of the Ministry of Agrarian Policy and Food reported.
According to the report, winter wheat was sown on 101.1 thousand hectares (27.7 thousand hectares a week earlier), barley – on 3.7 thousand hectares (2.2 thousand hectares), rye – on 0.4 thousand hectares (8 thousand hectares), and rapeseed – on 534.7 thousand hectares (446.2 thousand hectares).
According to the Ministry, winter crops are being sown in Vinnytsia, Lviv and Ivano-Frankivsk regions. Winter rape is being sown in 18 regions of Ukraine. Farmers in Volyn, Rivne, and Ternopil regions have finished sowing the crop.
As of the same date a year earlier, Ukraine sowed 1155 thou hectares of winter crops, including 905.9 thou hectares of rapeseed, 228.6 thou hectares of wheat, 10.8 thou hectares of barley, and 9.5 thou hectares of rye.
In January-August 2024, Ukraine increased its foreign trade in dairy products by 7.9% to $307 compared to the same period last year, the Union of Dairy Enterprises of Ukraine (UDEP) reported on its Facebook page.
According to the report, the negative balance of exports and imports of dairy products slightly increased compared to the same period last year and amounted to -$32.6 million against -$31.2 million. At the same time, imports were 1.24 times higher than exports; in January-August 2023, this excess was 1.25 times.
According to analysts, exports in January-August 2024 increased to $137.3 million, which is 8.3% higher than in the same period last year.
The growth in exports compared to the previous year was recorded for fermented milk products (+27% in physical terms and +32% in value), whey (+43% and +38%, respectively), and cheeses of all kinds (+40% and +31%, respectively).
At the same time, exports of butter and milk fats decreased significantly (-25%), while the drop in value amounted to 9%, which is explained by a significant increase in prices for these products this year.
Experts noted that import volumes in January-August 2024 increased by 7.6% compared to the same period last year – up to $170 million. At the same time, growth is observed in the categories of butter and milk fats – 2.3 times in volume terms, twice in value terms, as well as cheeses (+8% in volume terms).
Ukraine also reduced imports (in physical terms) of milk and cream not condensed (drinking) by 3.3 times, whey by 28% and fermented milk products by 16%, the UGCC summarized.
Slobozhanshchyna Agro, a subsidiary of IMC, has raised UAH 100 million under the government’s soft loan program Affordable Loans 5-7-9% from PrivatBank (Kyiv).
“Since the beginning of the war, financing agricultural production has become a priority for us. The bank systematically supports and will continue to support Ukrainian agribusinesses operating in the frontline and de-occupied regions,” Yevhen Zaigraev, Board Member for Corporate Business and SMEs, said in a press release.
It is noted that the financing will allow Slobozhanshchyna Agro to maintain its business activities in the frontline region of the country for a year.
Zaigraiev added that the company continues to operate in the Sumy region, where there are still high military risks.
“Thanks to this, the company received a more favorable interest rate under the guarantees of the CMU (Cabinet of Ministers of Ukraine – IF-U),” the release said.
“MK is an integrated group of companies operating in Sumy, Poltava and Chernihiv regions (north and center of Ukraine) in the crop production, elevators and warehouses segments. The company’s land bank is about 120 thousand hectares in Poltava, Chernihiv and Sumy regions, with storage capacity of 554 thousand tons for the 2023 harvest of 1.002 million tons.
This year, the company purchased 140 Ukrainian-made railcars, and in early August, for the first time, it shipped its products to ports in its own grain cars. According to Privat, the company ships 60-70 thousand tons of grain to ports by rail every month.
In the first half of 2024, IMC Agro Holding increased its net profit by 2.4 times year-on-year to $21.52 million, while its revenue increased by 51% to $108.32 million, while the share of exports decreased slightly to 81.3% from 81.9% a year earlier.
According to the National Bank of Ukraine, as of August 1 this year, PrivatBank ranked first in terms of total assets (UAH 895.26 billion) among 62 banks operating in the country. The financial institution’s net profit last year amounted to UAH 37.76 billion.
In August, registrations of electric vehicles (new and used) in Ukraine amounted to 6,445 thousand, which is 68% more than in August last year and 36.6% more than in July this year, Ukravtoprom reported on its telegram channel.
As reported, in July 2024, the demand for electric vehicles increased by 38% compared to July 2023 and by 14% compared to June 2024.
As reported, market experts attribute this jump in demand for electric vehicles over the past 1.5 months to the government’s initiative to introduce a 15 percent military tax on car buyers during the first registration, including electric vehicles, which are currently not taxed in Ukraine (except for a small excise tax).
In late August, it was reported that the government had abandoned this initiative.
According to Ukravtoprom, the share of new cars in electric car registrations in August was 18%, the same as a year earlier (21% in July).
The bulk of electric vehicles registered during the month were passenger cars – 6,302 thousand units (new – 1,159 thousand, used – 5,143 thousand), and only five of 143 commercial vehicles were new.
The top five new electric cars in July were BYD Song Plus – 174 units; Honda M-NV – 169 units; Volkswagen ID.4 – 147 units; ZEEKR 001 – 107 units; Nissan Ariya – 83 units.
The top five used cars were Nissan Leaf – 658 units; Tesla Model Y – 588 units; Tesla Model 3 – 561 units; Hyundai Kona – 308 units; Volkswagen e-Golf – 289 units.
In total, in January-August, more than 35.6 thousand battery-powered vehicles were registered for the first time in Ukraine (79% more than in the same period in 2023), with new vehicles accounting for 20%.
For its part, the AUTO-Consulting information and analytical group also notes a jump in demand for electric cars based on information about military training – according to its data, 1.3 thousand new electric vehicles were sold in August, which was a monthly sales record for the entire period of observation.
“Although the market share of electric cars slightly decreased compared to previous months and amounted to 16%, the absolute number of sales was a record, despite the massive power outages,” the group’s website states.
According to experts, 8.2 thousand new electric vehicles (16.9% of the total car market) were sold in Ukraine in 8 months of 2024, which is 30% more than in the same period in 2023.
As reported, in 2023, according to Ukravtoprom, registrations of new and used electric cars in Ukraine increased 2.8 times to 37.6 thousand, with new cars accounting for 20% compared to 17% a year earlier.
