Business news from Ukraine

Business news from Ukraine

Ukrainian Nibulon expands its operations and plans to carry out cargo transportation on Danube in Bulgaria, Serbia, and Romania

One of the largest grain market operators in Ukraine, Nibulon JV LLC, is entering new markets in the Middle and Upper Danube, expanding its operations in the region and offering a full cycle of grain and metal exports, as well as cargo transportation of all types of goods via the Danube, the grain trader’s press service reported on Facebook.

The agricultural holding reminded that the first steps in the Middle and Upper Danube markets were voyages with metal products on the routes Izmail – Lom (Bulgaria) and Izmail – Smederevo (Serbia), which were carried out by the tugs Pereyaslavsky and Kozatsky using barges of its own production. These shipments confirmed the company’s readiness to work efficiently with various categories of cargo, opening up new business opportunities in Bulgaria, Serbia, Romania and other countries in the Danube region.

“Our fleet is capable of transporting various types of cargo, and this is just the beginning. We offer comprehensive solutions to the Balkan business: grain exports combined with our logistics on the Danube to Constanta, as well as river transportation of any goods between the ports of the region,” said Sergey Kalkutin, Nibulon’s Logistics Director.

Nibulon assured that expansion to the Middle and Upper Danube is part of the agricultural holding’s long-term strategy aimed at developing international river logistics.

Currently, the agricultural holding is ready to offer a competitive alternative to traditional ways of supplying grain and other cargoes. This includes grain exports to 75 countries using its own river fleet, cargo transportation on the Danube for the agricultural, metallurgical and construction sectors, and flexible terms of cooperation: DAP, EXW, FCA, FOB, real-time online cargo tracking, international experience and reputation as a reliable partner.

“Thanks to its own modern fleet and efficient logistics, Nibulon guarantees stable and safe transportation on the Danube, which opens up access to new markets,” the agricultural holding emphasized.

Nibulon JV LLC was established in 1991. Prior to the Russian military invasion, the grain trader owned 27 transshipment terminals and crop reception complexes, facilities for simultaneous storage of 2.25 million tons of agricultural products, a fleet of 83 vessels (including 23 tugs), and the Mykolaiv Shipyard.

“Before the war, Nibulon cultivated 82 thousand hectares of land in 12 regions of Ukraine and exported agricultural products to more than 70 countries. In 2021, the grain trader exported the highest ever 5.64 million tons of agricultural products, reaching record volumes of supplies to foreign markets in August – 0.7 million tons, in the fourth quarter – 1.88 million tons, and in the second half of the year – 3.71 million tons.

Currently, the grain trader is operating at 32% of capacity, has set up a special unit to clear agricultural land of mines and had to move its headquarters from Mykolaiv to Kyiv.

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Romania and Bulgaria officially joined Schengen area

Romania and Bulgaria joined the Schengen area on Wednesday, and starting January 1, 2025, border controls will be abolished on the land borders of these countries with and between the Schengen countries.

“Romania and Bulgaria, welcome to Schengen,” European Parliament President Roberta Mecola wrote on social media on the night of January 1.

“From now on, there will be no more checks when crossing the land borders between Bulgaria or Romania and any Schengen country,” the European Parliament’s social network X reported.

The European Parliament recalled that border checks for air and sea travel were canceled back in March 2024.

The European Commission’s Directorate-General for Migration and Home Affairs called 2025 a historic year for Romania, Bulgaria and its people. “Full accession to the Schengen area is in line with European promises and legitimate expectations. This marks an important milestone in our history,” the statement said.

As reported in the social media of Hungary’s X presidency of the EU Council on December 12, the interior ministers “have just decided to abolish control of internal land borders with and between Bulgaria and Romania as of January 1, 2025.” Austria had previously opposed this because of the high level of illegal migration in Bulgaria and Romania, but later lifted its veto.

The Schengen area is a European space where border controls at the internal border have been abolished. The accession of countries will promote travel, trade and tourism.

Source: http://relocation.com.ua/rumuniia-ta-bolhariia-ofitsijno-vstupyly-do-shenhenskoi-zony/

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Bulgaria and Romania demand to impose taxes on honey imports from Ukraine

Bulgaria’s Minister of Agriculture and Food Georgi Takhov asked the European Commission to take safeguard measures against honey imports from Ukraine at a meeting of the EU Agriculture and Fisheries Council, and his request was supported by a representative of Romania, the Bulgarian Ministry of Agriculture reported.
According to Takhov, imports of Ukrainian honey make it difficult to sell local products. The fact is that significant volumes of Ukrainian honey entering the European market at very low prices put a lot of pressure on Bulgarian honey prices.
“In addition to the many challenges facing the industry, over the past three years it has also faced competition from imports from Ukraine. The volume of honey imported from Ukraine to our country from January to October 2024 increased by more than 30% compared to the same period last year,” Takhov emphasized and added that the high level of imports from Ukraine puts Bulgarian producers in a difficult situation.
At a press conference following the meeting of EU agriculture ministers, Hungarian Agriculture Minister Istvan Nagy explained that Bulgaria and Romania demanded safeguard measures for imports of honey from Ukraine to the European Union, as the duty-free quota set in the autonomous trade liberalization has been exhausted, and “the duty creates problems in domestic markets burdened by imports.”
“The measure – the so-called ATM regulation – has been exhausted, but the amount of honey coming from Ukraine is still subject to duty, which also creates problems in domestic markets that are burdened by imports,” the Hungarian Ministry of Agriculture quoted him as saying.
Nagy emphasized that effective measures should be taken to prevent counterfeit honey from entering the EU market, for example, by labeling and separating natural and non-natural honey. He also believes that it is necessary to compensate for the “emerging competitive disadvantages” and to further support the beekeeping sector.
As reported, on August 20, the European Commission imposed tariff quotas on Ukrainian honey due to the excess of quota-free volumes of its supplies to the European market. Imports of honey from Ukraine from the beginning of 2024 to August exceeded the quota of 44.418 thousand tons. Additional imports are subject to most favored nation (MFN) duties. In particular, a new tariff quota will be introduced from January 1, 2025, until June 5, 2025, which corresponds to 5/12 of the threshold set for the emergency braking. For honey, the new quota will amount to 18,507 tons.
From June 2, 2024 to June 5, 2025, the European Commission introduced quotas for the supply of eggs and sugar to the European Union. For eggs, the new quota is set at 9,662 thousand tons, and for sugar – at 109,44 thousand tons.
On May 13, 2024, the Council of the European Union approved the extension of temporary trade liberalization measures for Ukraine for another year, until June 5, 2025. At the same time, it was envisaged to apply an emergency braking mechanism for particularly sensitive agricultural products, including sugar, eggs, poultry, oats, corn, honey, and cereals, in case imports of these products in 2024 exceed the average volumes recorded in the second half of 2021 and during 2022 and 2023. Similar emergency braking measures may be applied in 2025 if, in the period from January 1 to June 5, 2025, the volume of Ukrainian exports exceeds 5/12 of the quota set for 2024.
According to Art. 4(7) of the Regulation on autonomous trade measures applicable to Ukrainian products, Ukraine will be able to supply to the EU from June 6, 2024 to June 5, 2025 without paying any duty 57,101 thousand tons of poultry meat, 9,662 thousand tons of eggs, 109,439 thousand tons of sugar, 18,507 thousand tons of honey, 4.648 million tons of corn, 1,017 thousand tons of oats, 8,603 thousand tons of cereals.

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Earthquake has occurred in Romania, which was felt in Bulgaria, Moldova and Ukraine

An earthquake with a magnitude of 5.3 occurred in Romania at 17:40 Kyiv time, with tremors also felt in the city of Odesa. According to the website of the European-Mediterranean Seismological Center, the epicenter was located in the Vrancha Zone in the Carpathians at a depth of 137 km.
Odesa Mayor Hennadiy Trukhanov reported no casualties or damage in the city.
“An earthquake with a magnitude of 5.3 occurred in Romania. It was felt in Bulgaria, Moldova and Ukraine, including Odesa. There was no information about damage or injuries in the city,” Trukhanov wrote on Telegram.
In local social media, users reported that the tremors were also felt in Mykolaiv, Zaporizhzhia, Kharkiv, Khmelnytskyi, Cherkasy, and Bila Tserkva in Kyiv Oblast.

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Bulgaria is interested in importing Ukrainian sunflower seeds, grains and milk powder

Bulgaria is interested in importing sunflower seeds, wheat, corn and milk powder from Ukraine, said Nikolay Nenchev, Chargé d’Affaires of the Embassy of the Republic of Bulgaria in Ukraine, during a meeting with Taras Vysotsky, acting Minister of Agrarian Policy and Food of Ukraine.

According to the press service of the Ministry of Agrarian Policy and Food, Nikolay Nenchev assured that Bulgaria is ready to continue to help and cooperate with Ukraine, to facilitate the transit of Ukrainian agricultural products to the country’s seaports.

Vysotsky, for his part, noted that Ukraine highly appreciates cooperation with Bulgaria and its assistance in exporting agricultural products.

“Ukraine and Bulgaria have always had a constructive dialog on various issues. This contributes to the strengthening of bilateral relations between Ukraine and Bulgaria,” the acting minister summarized.

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Bulgaria may provide €80 mln to Ukraine – Glavchev

Bulgaria may provide Ukraine with €80 million at the NATO summit, but “this or any other” amount will be known after a vote in parliament, said Acting Prime Minister Dimitri Glavchev, Radio Bulgaria reported on Friday.
“Our main goal is to defend our national interests as a NATO ally,” Glavchev said of Bulgaria’s position at the summit. At the same time, Glavchev did not specify what exactly this amount would be allocated for.
The report also says that earlier today, the leader of the GERB (Citizens for European Development of Bulgaria) party, Boyko Borisov, said that Bulgaria would not give Ukraine money in cash. The co-chairman of the DPS party (Movement for Rights and Freedoms), Delian Peevski, explained that there is no contradiction in Glavchev’s and Borisov’s statements.
“This money will not be transferred by our country directly to Ukraine, but will be deducted from the amounts Bulgaria receives for the weapons provided to Kyiv,” Peevski said.
Speaking to the media, Glavchev also welcomed the proposals made in the plenary session hall of the parliament that Bulgaria act as a mediator in peace talks or peace initiatives between Russia and Ukraine.
“The only thing that should be emphasized is that these peace talks must comply with international law,” Glavchev said.
As reported earlier, Bulgarian President Rumen Radev refused to participate in the NATO summit to be held in Washington on July 9-11, as he does not agree with the country’s commitments to support Ukraine.