Business news from Ukraine

THE CLUB OF EXPORTERS OF UKRAINE LAUNCHED ONLINE PROJECT “DIGITAL EXPO – UKRAINIAN GOODS AND SERVICES”

Fierce competition in all industries and the rampant development of information and communication technologies constantly require businesses to look for new means to expand markets.

In August 2021, the Ukrainian Exporters Club launched a new online “Digital expo – Ukrainian Products and Services” Project. The Scope of the Project is to draw the attention of foreign importers, distributors, representatives of trading networks to Ukrainian products, attract them to cooperation and, thus, increase Ukrainian exports.

Digital expo is a web resource where only Ukrainian companies are represented. Each of them has its own web site with a scope of activities description, photos and presentations of products and services and a feedback form to send requests for cooperation. For ease of search, all companies are grouped by main categories, namely:

PRODUCTS:

Metallurgy and Metalworking Production

Energy and Raw Materials Resources

Agriculture and Animal Husbandry

Food Industry

Mechanical Engineering

Vehicles and equipment

Chemicals and Pharmaceuticals Industry

Agriculture

Wood and Furniture

Construction Industry and Public Works

Glass and building materials

Precision equipment

Electrical and electronic equipment

Textiles and clothing

Luxuries

Products for sports and recreation

SERVICES:

Information Technology

Printing and publishing

Transport and related services

Marketing, Advertising and Mass Media

Banking

Finance and Insurance

Business services

Health Care

TOURISM

Digital expo is three sites, each in its own language: in Ukrainian, English and Chinese. This is done in order to improve market coverage and increase the confidence of foreign companies located in different regions of the world.

In fact, “Digital expo – Ukrainian Products and Services” is not a new project of the Ukrainian Exporters Club. It is a modernized, updated and adapted to modern market needs “Inspired By The Best In Ukraine” Project, which was created in 2015.

The previous project was supported by DHL and the EBRD at various stages of its life. It presented Ukrainian products and services at the international exposition IF CHINA in Beijing in 2016 and CIIE in China in 2019.

In the summer of 2021, the electronic catalogues of the Ukrainian Exporters Club became Digital expo.

In the last 3 months (June to August) of 2021, the exhibitors received more than 10,000 requests for cooperation from Malaysia, Poland, Turkey, China, Korea, Baltic States and other countries.

The modern project has become even better. It participates in international online expositions, including: worldexpo, expotobi, food1.com, echemi.com, infobel.com, foodfocus.co.za and others.

“Digital expo – Ukrainian Products and Services” is supported by world and Ukrainian reputable organizations, including: Ministry of Economy of Ukraine, Kyiv Chamber of Commerce and Industry, Entrepreneurship And Export Promotion Office, Euromonitor International and Others. The general media partner of the exposition is the Interfax-Ukraine News Agency.

You can learn more about the “Digital expo – Ukrainian Products and Services” Project and apply for participation at the link: https://inspiredbythebestofukraine.ticketforevent.com/ru/home/40010/

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TRANSPORT ENTERPRISES OF UKRAINE RAISE TRANSPORTATION OF GOODS BY 4.3% IN JAN-AUG

Transport enterprises of Ukraine (excluding the territory of the Autonomous Republic of Crimea and Sevastopol, as well as part of the JFO zone) in January-August 2021 increased the carriage of goods by 4.3% compared to the same period in 2020, up to 398.5 million tonnes, the State Statistics Service reported.
According to the report, the freight turnover of carriers for the specified period increased by 1.5%, to 188.4 billion tonne-kilometers.
According to statistics, in January-August 2021 some, 201.7 million tonnes of goods were transported by rail in domestic traffic and for export, which is 2.6% more than in January-August 2020. Automobile transport carried 141.7 million tonnes (more by 18.6%), water transport – 3.2 million tonnes (less by 3.1%), pipeline – 51.8 million tonnes (17.4% less), aviation – 100,000 tonnes (more by 1.3%).

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TRANSPORT ENTERPRISES OF UKRAINE INCREASE TRANSPORTATION OF GOODS IN JAN-JULY

Transport enterprises of Ukraine (excluding the territory of the Autonomous Republic of Crimea and Sevastopol, as well as part of the JFO zone) in January-July 2021 increased transportation of goods by 4.7% compared to the same period in 2020, up to 342.3 million tonnes, the State Statistics Service reported.
According to its data, the freight turnover of carriers for the specified period increased by 1.6%, to 161.9 billion tonne-kilometers.
According to statistics, in January-July 2021, some 173.4 million tonnes of goods were transported by rail in domestic traffic and for export, which is 3% more than in January-July 2020. Some 120.8 million tonnes (more by 17.6%) were transported by road, 2.6 million tonnes (down by 4.8%) by water, 45.4 million tonnes (less by 14.5%) by pipeline, 100,000 tonnes (more by 4.5%) by air.

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NOVA POSHTA STARTS DELIVERING GOODS FROM TURKEY

Nova Poshta Global, part of Nova Poshta Group, began delivering goods from online stores in Turkey; goods can be ordered through the NP Shopping website, the company’s press service said on Tuesday.
“Now Turkey is the third largest exporter of clothing in the world, and local manufacturers are actively developing their own brands – today there are more than 500 of them in the market. We expect orders from such online platforms as Hepsibursada, Trendyol, Morhipo, Collezione and others, because very few top Turkish brands are sold abroad online. Of course, the catalog of online stores will be constantly replenished with new names, so Ukrainians will feel like shopping in Turkey,” the press service said, citing Deputy Director for Product Development and Marketing of Nova Poshta Global Olha Volodina.
The company notes that for Turkish goods, the shipping cost will decrease in accordance with the weight of the shipment. To calculate the final shipping cost, one can use the calculator on the NP Shopping website.
Delivery times for orders from Turkey are from eight working days.

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NEGATIVE BALANCE OF UKRAINE’S FOREIGN TRADE IN GOODS IN JAN-APR INCREASES BY 47.3%

The negative balance of Ukraine’s foreign trade in goods in January-April 2021 increased by 47.3% compared to January-April 2020, to $ 1.299 billion from $ 882 million, the State Statistics Service has reported.
According to its data, the export of goods from Ukraine for the specified period increased by 18.8% compared to the same period in 2020, to $ 19.094 billion, imports – by 20.3%, to $ 20.393 billion.
The State Statistics Service clarified that in April compared to March 2021, the seasonally adjusted export volume increased by 2.9%, to $ 5.274 billion, while imports decreased by 8.5%, to $ 5.606 billion.
The seasonally adjusted foreign trade balance in April 2021 was also negative and amounted to $ 359 million, which is better than the previous month ($571 million).
The ratio of coverage of imports by exports for the four months of the current year was 0.94 (for the four months of 2020 – some 0.95).
The State Statistics Service specified that foreign trade operations were carried out with partners from 216 countries of the world.

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UKRAINE PROPOSES TO REDUCE CEILING COST OF DUTY-FREE IMPORT OF GOODS INTO UKRAINE IN HAND LUGGAGE FROM EUR 1,000 TO EUR 430

The Cabinet of Ministers has proposed to the Verkhovna Rada to reduce the ceiling cost of duty-free import of goods into Ukraine in hand luggage or accompanying baggage from EUR 1,000 to EUR 430 – for checkpoints at airports and seaports, as well as at the level of EUR 300 instead of EUR 500 – through other checkpoints.
In addition, the bill increases the period during which goods in connection with resettlement to a permanent place of residence in Ukraine are imported without customs duties to one year instead of current six months.
At the same time, the government bill proposes to exempt from taxation the import into the territory of Ukraine of fixed assets of companies that move their activities to Ukraine with the creation of a new enterprise.
In addition, the bill proposes to exempt from duties scientific equipment, devices, as well as other items of research activities not related to entrepreneurship.

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