Ukraine’s foreign trade in goods (exports), jan–apr, 2019
The State Fiscal Service (SFS) has announced that authorized exporter status has been granted to 239 enterprises that supply goods to the European Union. “In Ukraine, 239 enterprises that export goods to the EU countries received authorized exporter status as of July 2, 2019,” the agency said on Facebook.
As explained by the SFS, these companies can process goods at customs, using a simplified procedure, that is, without issuing a EUR.1 certificate, they can independently declare the preferential origin of goods in commercial documents.
In addition, the SFS noted that a Finance Ministry order amending the procedure for granting and cancelling such status by the customs came into force on June 21 this year.
The Cabinet of Ministers of Ukraine has expanded a list of goods from the Russian Federation on which embargo is imposed from July 1, 2019, including raw materials for cement (clinkers) and all kinds of ready cement, mineral (nitrogenous, potassium, phosphorous) fertilizers, foodstuff for animals and veterinary medicines.
The document adopted on May 15, 2019, which was posted on the government’s website, also includes matches, plywood products, wallpaper, light industry products, in particular some types of knitwear and footwear, carbon steel wires, metal wires, pipes, tubes, metal nets, fasteners, steel utensils, equipment for the production of bakery products, and vehicles (cars, motorcycles, tractors, etc.).
In addition, ban on import of used railway cars and trams will be imposed from March 1, 2020.
Ukraine’s foreign trade in goods (import), jan–march, 2019
The Olkom Group plans in autumn 2019 to supply a first batch of goods (margarine spread) to Poland, Board Chairman of PrJSC Kyiv Margarine Plant, which is part of the group, Yuriy Yevenko has said.
“We will start trial deliveries to Europe this season – in September. Now we are negotiating with one Polish company. However, they want products under their own trademark, so we will not export under our own trademark yet. The volume of the first delivery is 40 tonnes: this is enough so that they put the products on the shelves of supermarkets. We plan to increase the share of direct exports to 10% of the total production within three to five years,” Yevenko told Interfax-Ukraine.
According to him, the company increased production by 75% in January-March 2019 (mainly thanks to b2b products), and by the end of the year it plans to double production in monetary terms.
“Last year we earned about UAH 600 million of revenue, and this year we set a goal to earn UAH 1.2 billion,” he said.
He added that in 2018, the company produced about 40,000 tonnes of products, of which 23,000 tonnes were tolling services for oil refining.
Over 2018-2019, company has invested about $1 million in boosting the production capacity, and is currently in talks with the European Bank for Reconstruction and Development (EBRD), International Finance Corporation (IFC) and two investment funds.
At the same time, according to Yevenko, in three to five years, Olkom should complete the repayment on loans attracted about 10 years ago and consider expanding production outside Kyiv, but the company does not intend to leave the site in Kyiv.
