Business news from Ukraine

Business news from Ukraine

China’s foreign exchange reserves reached $3 trln 316.4 bln

China’s foreign exchange reserves, the largest in the world, increased by 0.9% to $3 trillion 316.4 billion in September compared to $3 trillion 288.2 billion a month earlier, according to the country’s State Administration of Foreign Exchange (SAFE). They are at their highest level in 8.5 years (since December 2015), according to Trading Economics. At the same time, analysts surveyed by this publication predicted an average increase to $3.3 trillion.

In September, the yuan exchange rate rose by about 1.1% against the US national currency. Meanwhile, the US dollar fell by 1% against a basket of major world currencies.

China’s gold reserves amounted to 72.8 million ounces at the end of last month, SAFE also reported. The volume of precious metal reserves has remained at this level since April.

At the same time, in value terms, gold reserves increased to $191.47 billion from $182.98 billion at the end of August due to the rise in precious metal prices to a record level.

Market of new commercial vehicles in Ukraine grew by 6% – Ukravtoprom

The volume of registrations of new commercial vehicles (trucks and special vehicles) in September 2024 increased by 6% compared to the same month in 2023, to 1068 thousand units, which is 1% (or 15 vehicles) less than in August this year, Ukravtoprom reported in its telegram channel.
According to the report, last month, Renault retained its leadership in the market with 280 units (in September 2023, it was the leader with 214 units), Ford took second place with 135 units (in September last year, the brand was third in the ranking with 98 units), and Citroen took third place with 101 units (12th place with 33 units).
The top five also includes MAN (79 units) and Scania (66 units), which in September last year respectively occupied the sixth (60 units) and second (106 units) lines of the rating.
According to Ukravtoprom, in January-September, more than 9.3 thousand new trucks were added to the Ukrainian fleet of trucks and special vehicles, which is 15% more than in the same period last year.
At the same time, AUTO-Consulting, an information and analytical group, analyzing the segment of trucks with a gross vehicle weight of more than 3.5 tons in September, notes its “strong growth” in contrast to the passenger car market.
“Dealers managed to improve their sales by 20% year-on-year. Therefore, the heavy equipment market has entered the new business season with good dynamics,” the group’s website states.
The leader was MAN with a 75% increase in sales, followed by Ford, which increased sales by 43%, and Scania, which slightly reduced sales in September.
Analysts note an increase in sales of Renault trucks by almost 2.7 times, Iveco – by 40%.
According to AUTO-Consulting, the truck market grew by 10% in January-September and “overcame the crisis.”
“The number of special vehicles produced by Ukrainian companies is unprecedented. And if the program to reimburse 15% of the cost of wheeled vehicles with Ukrainian localization is launched, it will contribute to further growth,” the report states.
As reported, in 2023, according to Ukravtoprom, the volume of new commercial vehicle registrations in Ukraine increased by 65% compared to 2022 – up to 11.3 thousand units. At the same time, the segment of trucks over 3.5 tons, according to AUTO-Consulting, increased by 56.5% to 4853 units.

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Netherlands officially delivers first F-16s to Ukraine

The Netherlands has officially delivered the first F-16 fighter jets to Ukraine, Dutch Defense Minister Ruben Brekelmans has announced.
“For the first time I can officially announce that the first Dutch F-16s have been delivered to Ukraine. This is extremely necessary. In Kharkiv, I saw the destruction caused by Russian air strikes and heard frequent air raids. The rest of the 24 planes will be delivered in the coming months,” Minister wrote on the social network X.

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Zelensky signs law “On Grapes, Wine and Viticulture Products”

President of Ukraine Volodymyr Zelenskyy has signed the European integration law No. 3928-IX “On Grapes, Wine and Viticulture Products,” the press service of the Verkhovna Rada Committee on Agrarian and Land Policy reports.
According to the report, the law was adopted to bring the norms of sectoral legislation in line with the requirements of international rules for the production of viticulture and winemaking products, as well as to implement the provisions of the European Union’s regulations on viticulture and winemaking, oenological practices, production of flavored wine products, use and protection of geographical indications of wines, flavored wine products, and control in this area.
The document provides for the introduction in Ukraine of requirements for the production and circulation of wines, viticulture and winemaking products, and flavored wine products with geographical indications similar to current rules in the EU.
In addition, the law provides for the definition of a mechanism for the protection of geographical indications in Ukraine, the introduction of new terms and definitions in accordance with the categories of European legislation, and the implementation of the rule on labeling and presentation of wine products.
The document establishes the principles for conducting inspections of wine production from the vineyard to the final product, defines controlling institutions and their powers, and specifies sanctions for violations of the requirements established by law.
Ukraine will create a unified state information system, the Viticulture and Winemaking Register, and provide for the possibility of state support for viticulture and winemaking.
It is expected that the law will help provide citizens with high-quality products produced in accordance with international rules with special properties due to the natural conditions of the territory of origin. New jobs and favorable conditions for the development of business entities of all forms of ownership will be created in rural areas.
The law will come into force on January 1, 2026.

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Almost 2,000 people have died in road accidents in Ukraine since beginning of year

Almost 2,000 people have been killed and nearly 21,000 others injured in road accidents since the beginning of the year. Most accidents occurred in Kyiv, Dnipro and Odesa regions. The most dangerous roads in terms of the number of accidents are currently the M-06 Kyiv – Chop and the M-30 Stryi – Uman – Dnipro – Izvaryne.

16,621 accidents with victims have occurred in Ukraine since the beginning of 2024. This is 11% more than in the same period last year. As a result of these accidents, 1,918 people died and another 20,862 were injured.

The majority of accidents with victims – 80% – occur in populated areas. It is worth noting that this year the number of accidents in settlements increased by 13%. At the same time, the number of accidents on highways remained almost unchanged.

The largest number of accidents with victims was recorded in Kyiv – 1,393 accidents. Settlements in Dnipropetrovska and Odeska oblasts follow: second and third place with 1,350 and 1,148 road accidents, respectively.

It is in Odesa region that the number of accidents has increased by a record 40% this year compared to the same period last year. The number of deaths in this region increased by 70%.

The M-06 Kyiv – Chop highway has been the most dangerous road for several years now – 292 accidents with victims in 8 months of 2024. The M-30 Stryi – Uman – Dnipro – Izvaryne highway follows, with 291 accidents recorded. The M-03 Kyiv – Kharkiv – Dovzhanskyi highway is also among the top three roads with the highest number of accidents: 156 accidents with victims.

Almost half of the accidents in Ukraine are caused by speeding: 40%. The top causes of accidents also include violation of maneuvering rules (23%) and violation of intersection rules (10%).

https://opendatabot.ua/analytics/trademark-2024

Financing state budget deficit, bln UAH

Financing state budget deficit, bln UAH

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