Business news from Ukraine

Business news from Ukraine

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.

Turkey, Romania, and Bulgaria launch joint mine-sweeping operation in Black Sea

Turkey, Romania, and Bulgaria on Monday launched a joint mine-sweeping operation in the Black Sea to improve shipping safety, especially during the export of Ukrainian grain, Bloomberg reports.
The publication noted that the Istanbul-led initiative is the first major joint action by the Black Sea countries since Russia’s invasion of Ukraine in February 2022 and focuses on clearing mines drifting in certain areas of the Black Sea as a result of the war.

“Russia and Ukraine are key grain producers, and the war has jeopardized the safe passage of goods. Kyiv launched its own Black Sea export route last year after the failure of a secure corridor agreement backed by Russia, Turkey and the United Nations. It has successfully boosted exports and helped the economy grow faster than forecast, but the route remains risky,” Bloomberg writes.
Among the major maritime losses, the publication named a Russian missile attack near the key Ukrainian port of Odesa on a merchant ship, killing the captain and other crew members, as well as a ship hired by Cargill Inc. that was damaged in November by an explosion while leaving a Ukrainian port in the Black Sea.
Ukraine said in March that exports from its Black Sea ports had almost returned to pre-war levels after repeated attacks and disruptions following Russia’s full-scale invasion. However, ports around Odesa frequently face strikes from Russia that continue to interrupt operations, Bloomberg recalled.

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Bulgaria and Romania join Schengen area

Starting March 31, Bulgaria and Romania will become members of the Schengen area: Schengen rules will be applied in both member states, including the issuance of Schengen visas, and control at internal air and sea borders will be abolished.
This was reported by the press service of the European Commission on Saturday.
“The Commission strongly welcomes this achievement, which follows the historic Council decision of December 2023. The accession of these two Member States to the Schengen area will make the common area more attractive by significantly expanding the world’s largest common area without internal border controls,” the press release says.
Commenting on the event, President of the European Commission Ursula von der Leyen said: “Tomorrow marks an important day: Bulgaria and Romania join the Schengen family. I welcome the abolition of internal air and sea border checks. This is a great success for both countries. And a historic moment for the Schengen area – the largest free movement area in the world. Together we are building a stronger and more united Europe for all our citizens.”

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Ukraine increased exports of semi-finished steel products by 3.4 times, with Bulgaria as main market

In January-February this year, Ukraine increased exports of carbon steel semi-finished products in physical terms by 3.38 times compared to the same period last year, to 364.162 thousand tons.

According to statistics released by the State Customs Service on Wednesday, exports of carbon steel semi-finished products increased 3.1 times in monetary terms to $175.088 million.

The main exports were to Bulgaria (33.46% of supplies in monetary terms), Poland (17.70%) and the Dominican Republic (8.21%).

As reported, in 2023, Ukraine decreased exports of carbon steel semi-finished products in physical terms by 36.7% compared to 2022, to 1 million 203.454 thousand tons, while exports in monetary terms decreased by 48.9% to $608.516 million. The main exports were made to Bulgaria (36.66% of supplies in monetary terms), Poland (23.01%), and Italy (9.60%).

In 2022, Ukraine decreased exports of carbon steel semi-finished products by 72% year-on-year to 1 million 899.729 thousand tons in physical terms and by 70.9% to $1 billion 191.279 million in monetary terms. The main exports were to Bulgaria (26.55% of supplies in monetary terms), Poland (13.97%) and Italy (12.13%).

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