Business news from Ukraine

Ukraine imported fruits and nuts for a total of $398 million

Ukraine in January-August 2022 imported fruits and nuts for a total of $398 million, which is 16% less than in the same period in 2021, according to the website of the National Research Center “Institute of Agrarian Economics” (IAE) on Friday.
At the same time, deliveries to Ukraine of products of the “fruits and nuts” commodity group accounted for the largest share among other types of agricultural products imported into Ukraine – 10%, mainly citrus fruits, bananas and exotic fruits were imported.
According to the IAE, Turkey has been the main supplier of fruits and nuts to Ukraine for more than 10 years, from which over 126 thousand tons of these products were imported during the eight months of this year. Its share in the cost of domestic fruit imports amounted to 27.1%.
Ukrainian companies also made significant purchases of fruits and nuts in Ecuador (15.3%), Egypt (6.8%), Greece (6.0%), Colombia (5.5%), Spain (4.9%) and Costa Rica (4.1%). Together, these seven countries formed almost 70% of the value of imports of this group of products to Ukraine.
“The greatest demand among fruit and berry products in our country is traditionally enjoyed by citrus fruits and bananas, which formed almost 3/5 of the value of imports in January-August 2022. If more than half of the volumes of citrus imports consistently belong to Turkey, then Ukraine purchases bananas mainly in countries Latin America, in particular in Ecuador, Colombia and Costa Rica, which this year provided 95% of the value of supplies,” said Bohdan Dukhnitsky, senior researcher at the Department of Economics, whose words are quoted in the message.

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UKREXIMBANK PROVIDES LOAN TO EXPORTER OF NUTS

The state-owned Ukreximbank (Kyiv) provided a EUR 500,000 loan to Nutsi LLC, which specializes in the sale of walnuts and pumpkin seeds, to export the 2020 harvest, the bank’s press service said on Thursday.
According to the bank, Nutsi has an extensive network of points to purchase nuts and seeds throughout Ukraine and exports raw materials throughout Europe.
According to the unified public register of legal entities and private entrepreneurs, Viacheslav Yanchiy is the ultimate beneficiary of Nutsi LLC, the size of the charter capital of the company is UAH 44,000.
Ukreximbank was established in 1992, the only owner is the state.
According to the National Bank of Ukraine, as of July 1, 2020, in terms of total assets, Ukreximbank ranked third (UAH 226.729 billion) among 75 banks operating in the country.

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