Business news from Ukraine

Business news from Ukraine

Ukrainians have mostly neutral attitude to Brazil, trade has negative balance – survey

The majority of Ukrainians have a neutral attitude toward Brazil, according to a survey conducted by Active Group and the Experts Club.

According to the survey, 59.0% of respondents have a neutral position on the country. 24.3% of respondents have a positive attitude (in particular, 19.7% – “mostly positive” and 4.7% – “completely positive”). At the same time, 12.3% of Ukrainian citizens expressed a negative attitude toward Brazil, and another 4.3% said they were not familiar with the country.

Thus, the balance of positive and negative attitudes is +12 percentage points (24.3% vs. 12.3%).

According to the latest data, the volume of trade in goods between Ukraine and Brazil amounted to $180.3 million in 2024.

Ukrainian exports to Brazil amounted to $36.1 million,

– imports from Brazil amounted to $144.2 million,

– the negative balance was $108.1 million.

The total trade turnover reached $180.3 million, which indicates Ukraine’s significant dependence on Brazilian imports.

“Brazil remains an important trading partner for Ukraine in Latin America, but the structure of bilateral trade is currently asymmetrical. The significant deficit reflects the predominance of imports, in particular agricultural products and industrial goods,” said Maksym Urakin, economist and founder of Experts Club.

He emphasized that amid growing global competition, Ukraine should actively seek opportunities to increase exports to the Brazilian market: “This applies not only to agricultural products, but also to high-tech industries where Ukraine has competitive advantages.”

The full video can be viewed here:

https://www.youtube.com/watch?v=YgC9TPnMoMI&t

You can subscribe to the Experts Club YouTube channel here:

https://www.youtube.com/@ExpertsClub

 

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Centravis supplied 193 tons of boiler pipes to Brazil for Caldema

Centravis Production Ukraine (Nikopol, Dnipropetrovs’k region), a member of Centravis Ltd. holding, has supplied boiler pipes to the Brazilian market for Caldema, a company specializing in the production of industrial equipment.

According to the company’s press release on Tuesday, the total volume of deliveries amounted to 193 tons.

It is specified that the Ukrainian pipes are intended for the production of a steam boiler that will run on cotton seeds. This project is part of the environmental trend of using biomass as an alternative energy source. The boiler is being developed for a Brazilian company that seeks to reduce its dependence on fossil fuels.

It is noted that this is an important step towards sustainable development, as the technology of cottonseed processing allows for the production of clean energy, reducing CO₂ emissions.

“This is a large order for one of the largest companies in the industry and a prominent player in the local market. We hope it will help expand our company’s presence in the South American market, which has been growing rapidly in recent years,” said Artem Atanasov, Sales Director of Centravis.

Brazil is one of the top 10 countries in the world in terms of gross domestic product.

Centravis, in turn, is among the world’s top ten producers of hot-rolled seamless stainless steel pipes. In 2024, the company increased production by 12% to 13.7 thousand tons. More than 99% of this volume was exported to 40 countries. The largest consumers of Ukrainian seamless pipes are Germany, the US, Italy, Austria and Spain.

“Last year we had very good growth dynamics in the North and South American markets. We know this region and will work to increase sales in this part of the world,” stated Atanasov.

“Founded in 2000, Centravis is one of the ten largest producers of seamless stainless steel pipes in the world. Its main production facilities are located in Nikopol (Dnipropetrovska oblast). In 2023, the company opened a branch in Uzhhorod.

Centravis Holding Ltd. was established on the basis of Nikopol Stainless Steel Pipe Plant CJSC, service and trading companies of Production and Commercial Enterprise YUVIS LLC. Its shareholders are members of the Atanasov family. Centravis Ltd. owns 100% of the shares of Centravis Production Ukraine.

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Arabica prices hit 13-year high due to drought in Brazil

Arabica coffee is actively rising in price on Monday, reaching 13-year highs on weak forecasts for the Brazilian coffee harvest.
The price of arabica futures on the New York Stock Exchange ICE Futures rose by 1.2% to $3.0575 per pound.
Meanwhile, robusta futures jumped 4.1% to $5191 per ton.
The US Department of Agriculture has predicted that the coffee harvest in Brazil in the 2024/25 agricultural year will amount to 66.4 million standard 60-kilogram bags, while previously the harvest was expected to reach 69.9 million bags.
According to the Cemaden meteorological service, the current season in Brazil is the driest since 1981.

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Volodymyr Zelenskyy may visit Brazil

Ukraine’s Foreign Minister Dmytro Kuleba said that Ukrainian President Volodymyr Zelenskyy may soon visit Brazil.

“Zelensky may soon go to Brazil. Lula da Silva will always be welcome in Ukraine,” Kuleba said in an interview with El Economista (Mexico), La Nación (Argentina) and CNN Brazil.

When asked whether the date of Zelenskyy’s visit to Brazil was already known, the Foreign Minister said that “work is underway.”

In addition, according to the minister, after Zelenskyy’s visit to Brazil, a visit to other countries in the region may be planned.

“Argentina is included in the list because of the significant presence of Ukrainians in the country and for the humanitarian assistance it has provided us,” Kuleba said.

The minister also thanked Brazil for convening an emergency meeting as president of the Security Council after Russia’s brutal attack on the village of Groza in Kharkiv region. Thunderstorm in Kharkiv region.

He noted that the Brazilian National Security Advisor will continue to participate in consultations on the Ukrainian “peace formula.”

“A new meeting will be scheduled soon, it has already been confirmed by Brazil. This is a good sign for relations between the two countries,” Kuleba emphasized.

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Ukrainian president appoints ambassadors to India, Brazil and Colombia

Ukrainian President Volodymyr Zelenskyy has signed a decree appointing Andriy Melnyk as Ukraine’s ambassador extraordinary and plenipotentiary to Brazil.
The corresponding decree № 341/2023 is published on the website of the President.
In addition, by the decree № 340/2023 Ambassador of Ukraine to Peru Yuriy Polukhovich was appointed Ambassador of Ukraine to Colombia concurrently.
By Decree №339/2023 Oleksandr Polishchuk was appointed Ambassador of Ukraine to India.
Andriy Melnyk served as Deputy Minister of Foreign Affairs of Ukraine from 2022 to 2023, before that he was Ukraine’s ambassador to Germany (from 2014 to 2022).
Yuriy Polyukhovich has represented Ukraine in Peru since December 2022. Previously, he served as Acting Minister of Education and Science of Ukraine (from March 10 to March 25, 2020).
Oleksandr Polishchuk has served as Deputy Minister of Defense of Ukraine since October 2019. He was Ukraine’s representative in the Trilateral Contact Group in the working subgroup on security issues. He holds the rank of Major General.

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Brazil has approved candidacy of Andriy Melnyk for position of Ukraine’s ambassador to that country

Brazil has approved the candidacy of Ukrainian Deputy Foreign Minister Andriy Melnyk for the post of Ambassador Extraordinary and Plenipotentiary of Ukraine.

“The Brazilian government is pleased to announce that it has granted Mr. Andriy Melnyk an aggregate nomination for the post of Ambassador Extraordinary and Plenipotentiary of Ukraine to Brazil,” the ministry said in a statement on its website.

Earlier on May 10, Melnyk had a meeting in Kiev with Celso Amorim, chief advisor of the Special Consultative Service of the Brazilian Presidential Administration.

As reported, on July 11, 2022, Ukrainian President Volodymyr Zelensky fired Andriy Melnyk from the post of Ukrainian Ambassador to Germany. Melnyk had been Ukraine’s ambassador to Germany since 2014.

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