Business news from Ukraine

Business news from Ukraine

Vladimir Zelensky invited the new president of Czech Republic to visit Ukraine

Ukrainian President Vladimir Zelensky congratulated Petr Pavel on his victory in the Czech presidential election and invited him to visit Ukraine.
“Congratulated Petr Pavel on his victory in the Czech presidential election. Thanked him and the Czech people for their unwavering support. Invited him to visit Ukraine,” Zelensky wrote in his Telegram channel on Sunday.

Earlier it was reported that the former chairman of the NATO Military Committee Petr Pavel on Saturday won the second round of the presidential elections in the Czech Republic. After all ballots were counted, he received more than 58.3 percent of the vote. The inauguration is scheduled for March 9.

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Ukraine exported products worth $44.1 billion in 2022

Ukraine last year exported, according to preliminary data, 99.8 million tons of products and goods of all kinds for a total of $44.1 billion, which is respectively 38.4% and 35% less than in 2021.

“Nevertheless, in war conditions it is a feat: to export almost 100 million tons of products (of which 16.3 million tons through the grain corridor) under conditions of the blockade of ports and constant attacks on the infrastructure. This is the first year that export volume and logistics have come to the fore,” Taras Kachka, deputy minister of economy and trade representative of Ukraine, wrote on Facebook on Wednesday.

According to his data, exports of 24.99 million tons of corn last year brought Ukraine $5.94 billion (+1% by 2021), revenue from foreign shipments of 4.29 million tons of sunflower oil (-16, 3%) was $5.46 billion (-14.4%), from 23.9 million tons of iron ore (-45.9%) – $2.9 billion (-57.8%), from exports of 11.2 million tons of wheat (-44.1%) – $2.6 billion (-44.7%), and from exports of 3.12 million tons of rape (+17%) – $1.54 billion (-8.6%).

“Sunflower seed made its way into the top 10 exports. We exported it 2.7 million tons worth $1.26 billion, 33 times more than last year. This is the volume that the oil extraction plants could not process. I hope that in 2023 we will have a reverse flow, when seed exports will decrease and oil exports will increase proportionally,” Kachka said in a statement.

According to his data, the export of one of the traditional leaders of industrial exports – 65.9 thousand tons of insulated wires brought Ukraine last year $1.32 billion, which is 16.4% less than in 2021. This reduction was caused by a 13.6% drop in wire exports.

“Next in the ranking – semi-finished steel products and hot-rolled steel – illuminate the whole tragedy of the Ukrainian metallurgy. The drop in volume for the year is -72%. Total exports of semi-finished steel 1.9 million tons worth $1.1 billion, and hot-rolled steel 1.3 million tons worth $1 billion. But even more vividly compare January and December. In January there were 404 thousand tons, in December – 31 thousand tons,” emphasized the trade representative.

Kachka specified that foreign sales of soybeans in 2022 was a rare case of significant growth in spite of the war: physical volume of export increased 81.6% up to 1.99 million tons compared to 2021, while revenues increased by 43% up to $862 million.

In turn, poultry exports were down 10% by 2021 to 413,000 tons, but it brought in 19% more revenue – $852 million.

According to the trade representative, geographically 63% of exports were in the EU ($27.9 billion). Among the EU countries, last year Poland ($6.6 billion), Romania ($3.8 billion), Hungary ($2.27 billion), Germany ($2.23 billion), Italy and Spain ($1.5 billion) received the most.

Outside the EU, the largest export market is Turkey ($2.9 billion), which is ahead of China ($2.46 billion), although it is respectively 29% and 69% less than in 2021.

In addition, imports to Ukraine in 2022 in physical terms have almost halved (-48.1%), and in monetary terms – 19.6%. In 2021, Ukraine imported 35 million tons of products worth $58 billion.

“Of the 99.8 million tons by sea exported 53.8 million tons. This is 55% less than last year. By rail, 33.7 million tons were exported. “Iron” stability is +3.4% or +1.1 million tons compared to 2021. 12 million tons were exported by road, and that’s a fantastic 32.4% increase over 2021,” the trade representative summarized in a statement.

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Ukraine-EU summit to take place in Kiev on February 3

Ukrainian President Volodymyr Zelenskyy has held the first telephone conversation of the new year with European Commission President Ursula von der Leyen, the president’s press service has said.
“The interlocutors discussed the expected results of the next Ukraine-EU summit, which will take place in Kiev on February 3 this year, and agreed to intensify the preparatory work,” the statement said.

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President of Ukraine announced a message to Verkhovna Rada on external and internal situation of country

Ukrainian President Vladimir Zelensky has announced a message to the Verkhovna Rada on the external and internal situation of Ukraine

“Soon I will present my view on the implementation of these tasks in the annual message to the Verkhovna Rada on the external and internal situation of Ukraine. I want this message to be not a report, but our conversation with you about the next year,” he said in a video message on Tuesday.

According to him, “This week will be politically important for Ukraine. We’re going into next year and we have to maintain a common understanding of our national goals.”

“Of course, it is the liberation of our land from the enemy, as well as the reconstruction of Ukraine, the return of our people home, the further rapprochement of our state with key partners, the opening of new opportunities for Ukraine in the world – this is the task for the near future. And not only for the state, but also for each of us,” Zelensky said.

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More than 14 million tons of agricultural products from Ukraine exported under “grain deal”

A dry cargo ship with more than 32,000 tons of corn left a Ukrainian port on Friday, the Joint Coordination Center (JCC) reported.

“On December 16, the vessel Almeray left the port of Odessa, it is carrying a total of 32.4 thousand tons of corn to Libya as part of the Black Sea Grain Initiative,” the report said.

There are two dry-cargo ships headed for Ukrainian ports, which on December 16 passed through the maritime humanitarian corridor.

“As of December 16, the total tonnage of grain and other agricultural products exported from the three Ukrainian ports is 14,023,297 tons. A total of 1,112 vessels were allowed to move so far: 556 to arrive at Ukrainian ports and 556 to leave them,” summarized the JCC.

It is noted that from December 1 to 15, more than 1.6 million tons of Ukrainian food products were shipped to other countries.

As many as 13 million tons were shipped on December 5, 12 million tons on November 26, 11 million tons on November 16, 10 million tons on November 3, 9 million tons on October 28, 8 million tons on October 21, 7 million tons on October 12, 6 million tons on October 5 and 5 million tons on September 28.

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Ukraine ranks seventh in the world in terms of Internet traffic – experts

Ukraine ranks seventh in the world in terms of Internet traffic.

“Ukraine is actively developing traffic exchange points. For four years now, the country has ranked seventh and is ahead of many other states that are much larger than Ukraine,” Bill Woodcock, Executive Director of Packet Clearing House (PCH), said at the UADOM conference in Kyiv on Thursday .

He also noted that PCH has been cooperating with the UA domain registry by Hostmaster since 2004.

“During this time, best security practices have been introduced in the Ukrainian domain, and now Ukraine is among the 25 most developed countries in the world that use the most advanced security technologies,” the PCH executive director emphasized.

Packet Clearing House is an international non-profit organization responsible for providing operational support and security for critical Internet infrastructure, including Internet data exchange points and the core of the Domain Name System.

The “.UA” domain was delegated by the international organization IANA (later renamed ICANN) to Dmitry Kokhmanyuk and Igor Sviridov in 1992 in the interests of the entire Ukrainian Internet community. For a long time, the administration and development of the domain on a voluntary basis was carried out by specialists who united the Ukrainian Network Coordination Group (UA NCG) and created in 2001 a specialized enterprise Hostmaster LLC, which currently performs the functions of an administrator.

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