Business news from Ukraine

Business news from Ukraine

“Agrotrade” and OKKO shipped 24.4 thousand tons of rypak from Odessa to Belgium

As part of a partnership project with OKKO Group, Agrotrade Agricultural Holding shipped 24.4 thousand tons of rapeseed by sea from Odesa to Ghent (Belgium), the press service of the agricultural holding reported on Facebook.
According to the report, half of this cargo – about 12 thousand tons – is grain grown on the fields of the agricultural holding in 2024. The rest of the cargo belongs to OKKO Group.
“This shipment is a big step forward for us, as we used to export small batches of rapeseed by sea – 3-5 thousand tons each. This year, we agreed with OKKO that we would make a partnership project, share the risks and ship the vessel together. This has many advantages, in particular, in terms of saving on ship freight. There were many difficult moments during the shipment, but we successfully dealt with them. In addition, the economy was one of the best this year compared to other sales,” said Andrii But, Director of the Foreign Trade Department of Agrotrade.
At the same time, he noted the high quality of rapeseed grown and sold by the agricultural holding. In particular, the oil content in the grain is 45%, while the basic indicators are usually 40-42%.
Agrotrade Group is a vertically integrated holding company with a full agro-industrial cycle (production, processing, storage and trade of agricultural products). It cultivates over 70 thousand hectares of land in Chernihiv, Sumy, Poltava and Kharkiv regions. Its main crops are sunflower, corn, winter wheat, soybeans and rapeseed. It has its own network of elevators with a simultaneous storage capacity of 570 thousand tons.
The group also produces hybrid seeds of corn and sunflower, barley, and winter wheat. In 2014, a seed plant with a capacity of 20 thousand tons of seeds per year was built on the basis of Kolos seed farm (Kharkiv region). In 2018, Agrotrade launched its own brand Agroseeds on the market.
Vsevolod Kozhemiako is the founder and CEO of Agrotrade.
OKKO Group unites more than 10 diversified businesses in production, trade, construction, insurance, maintenance and other services. The flagship company of the group is Galnaftogaz, which operates one of the largest filling stations in Ukraine under the OKKO brand, with about 400 filling stations.
The group’s founder and ultimate beneficiary is Vitaliy Antonov.

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Belgium to finance recovery projects in Ukraine for EUR 150 mln

Prime Minister Denys Shmyhal has signed an agreement with Belgian Prime Minister Alexander De Kroo to finance EUR 150 million worth of recovery projects in Ukraine.
“In particular, the funds will be used to restore energy and social infrastructure in Kyiv and Chernihiv regions,” Shmyhal wrote on his telegram channel following the online meeting.
According to him, the signed agreement simplifies the implementation of joint programs and projects, and will contribute to the recovery, economic and social development of Ukraine.
Under the agreement, the Belgian development agency Enabel will open a representative office in Ukraine.

In hour, Ukraine will play its third match at EURO 2024 against Belgium

Ukraine will play its third and final group stage match at the 2024 UEFA European Football Championship against Belgium on Wednesday.

The match will start at 19:00 Kyiv time at the stadium in Stuttgart, and will be officiated by a refereeing team from England led by Anthony Taylor.

According to the Ukrainian Football Association (UAF), the starting lineup will include: Anatoliy Trubin, Vitaliy Mykolenko, Oleksandr Tymchyk, Mykola Matvienko, Oleksandr Svatok, Ilya Zabarny, Volodymyr Brazhko, Mykola Shaparenko, Hryhoriy Sudakov, Artem Dovbyk. Roman Yaremchuk.

As reported, Ukraine lost the first match to Romania with a score of 0:3, and in the second match it beat Slovakia with a score of 2:1.

In Group E, all four teams have three points before the last round and have a chance to reach the playoffs.

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Belgium to allocate €9 mln for Ukraine’s energy infrastructure

Belgium will allocate an additional 9 million euros in aid to Ukraine to repair its damaged energy infrastructure, Belgian Minister of Development Cooperation Caroline Genne said on Friday.

“Ukraine’s energy infrastructure is old and too centralized, which makes it very vulnerable,” the minister said, as quoted by RTBF.

The 9 million euros will be channelled through the United Nations Development Program (UNDP), which has organized a system that allows for the rapid procurement of spare parts and the supply of new equipment to repair damaged or destroyed infrastructure. In doing so, UNDP “emphasizes sustainable and decentralized energy sources,” Genne explained.

According to her, “Together with military assistance, this support will help strengthen Ukraine’s resilience.”

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Ukraine bans imports of meat from Belgium

The Eastern Interregional Main Directorate of the State Service of Ukraine for Food Safety and Consumer Protection has imposed restrictions on the import of meat products from Belgium due to the registration of bluetongue disease (ASF) in this country, the agency’s press service reports.

According to the order of the Chief State Veterinary Inspector of Ukraine dated October 13, 2023, the ban applies to the import of animals susceptible to the bluetongue virus and genetic material from them.

Bluetongue is a viral disease of ruminants (small and cattle), also called “bluetongue” or “blue tongue”. It is characterized by lesions of the mucous membranes of the mouth and nasal cavity, swelling of the tongue, swelling of the face, lesions of the extremities, and changes in skeletal muscle.

The disease spreads through insect bites, causing loss of livestock productivity and infertility. Mortality in the herd can reach 70-90%.

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Belgium confirms participation in training of Ukrainian pilots for F-16

Belgian Defense Minister Ludivine Dedonder said that the federal government confirmed on Friday the participation of the Belgian side in training Ukrainian pilots to operate F-16 multi-role fighter aircraft.

“Along with this important contribution to the training and commissioning of fighter aircraft, our government officially expresses its support for helping to build this new capacity necessary for the modernization of the Ukrainian armed forces,” RTBF quoted the minister as saying in a communique.

According to her, Belgium is thus acting as part of the “F-16 coalition” led by the Netherlands and Denmark to train Ukrainian pilots and eventually supply combat aircraft of this type to Ukraine.

In the coming weeks, the Belgian Ministry of Defense will send three servicemen to a training center for Ukrainian F-16 pilots in Denmark, Dedonder said.

In 2024, the Belgian side will deploy two F-16B training aircraft and a unit of fifty military personnel, mainly technicians, to Denmark to maintain the fighter jets.

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