Business news from Ukraine

Business news from Ukraine

Ukraine is in fifth place among main buyers of grenades from Uzbekistan

According to the Statistics Agency, in January-October 2024, Uzbekistan exported 3,407 tons of pomegranates worth $4.0 million.
Countries to which Uzbekistan exported the most pomegranates in 10 months of 2024:
Russia – 2,192 tons
Kazakhstan – 448 tons
Tajikistan – 279 tons
Kyrgyz Republic – 266 tons
Ukraine – 106 tons
Other countries – 116 tons
Ministry of Statistics of Uzbekistan

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“Biosphere” to open production in Uzbekistan and expand exports to Central Asia

Biosphere Corporation, one of the market leaders in the production and distribution of household goods, plans to open a production facility in Uzbekistan next year to produce recycled garbage bags rather than virgin polymers and actively promote its products in this and neighboring Central Asian markets, according to Andriy Zdesenko, the corporation’s founder and CEO.

“This will load our Polygreen plant in Fastiv, which currently has a 20% capacity reserve. And it will allow us to build another plant in Ukraine that will produce pellets and send them to Uzbekistan to produce garbage bags, which we will then supply to neighboring countries,” he said in an interview with Interfax-Ukraine.

“And then sponge sponges, foil-film, slider bags – the whole range that is necessary for development,” Zdesenko added.

He clarified that Uzbekistan has protected its market by banning the export of garbage bags of a certain thickness and thus stimulated the launch of domestic production. In addition, the cost of logistics to the region, for example, to Kazakhstan, has tripled due to the war, and delivery times have increased from three weeks to two months.

“Therefore, if we want to be in the market of Uzbekistan, where I think there will be 40 million people in five years, we need to produce there,” said the Biosphere CEO.

He also emphasized that there are about 100 million people around Uzbekistan, including Afghanistan, whose market is actively developing, and there are many trade hubs in the region where business is very active.

Biosphere Corporation has been operating in Ukraine for over 25 years. The product portfolio includes more than 1 thousand items under 16 own brands (Freken BOK, Faynyi Bonus, Vortex, Likit, Smile, Smile Baby, Superfresh, Bambik, Novita, Lady Cotton, Alufix, PRO service, GoWipes, Chysta Peremoha, Pany Blisk and PoketMon). The corporation is the official distributor of such international brands as TORK, Selpak and Fantom.

The corporation’s capacities in Ukraine are represented by three plants with a total production area of 35 thousand square meters in Dnipropetrovska, Kyivska and Khmelnytska regions, as well as logistics complexes with an area of 30 thousand square meters. Together with the French Groupe Lemoine, Biosphere also owns a plant in Estonia for the production of cotton products with an area of 8.5 thousand square meters.

At the end of 2023, the company opened a new FOOD business line with its own Cupsoul production, represented by such tea brands as Graff, Ritz Barton, and others.

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Leaders of Uzbekistan, Azerbaijan and Kazakhstan launch project for development and transmission of green energy

On November 13, as part of the COP29 summit, a ceremony was held to sign the Agreement on Strategic Partnership in the Development and Transmission of Green Energy between Uzbekistan, Kazakhstan and Azerbaijan.

In his speech at the event, President of the Republic of Uzbekistan Shavkat Mirziyoyev emphasized that renewable energy is not an economic goal, but a contribution to the future, the result of a sense of responsibility to future generations.

The environmental importance of the project was particularly emphasized. The energy to be transmitted is wind and solar energy, a renewable and clean resource that will reduce the impact on the climate.

Thus, the parties support joint efforts to protect the climate under the Paris Agreement and the Sustainable Development Goals.

It was noted that the signatory countries, having significant renewable energy resources, can make a significant contribution to the global energy transition.

Touching upon the efforts of Uzbekistan to develop a green economy, the Leader of Uzbekistan focused on the key aspects of large-scale work in this direction.

It was noted that about two gigawatts of solar and wind generation capacity is being commissioned annually in the country. In addition, an additional 2.6 gigawatts of renewable generation and 300 megawatts of energy storage systems will be connected to the grid by the end of this year.

By 2030, it is planned to increase the share of renewable energy sources to 40 percent, as well as to create 4.2 gigawatts of energy storage systems.

It was expressed that the economic effect of this project will be felt by all its participants.

The importance of accelerating the project implementation, including the establishment of a joint venture, development and approval of technical documentation and other procedures, was emphasized.

In conclusion, President Mirziyoyev reaffirmed Uzbekistan’s commitment to the joint implementation of this regional project.

 

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Largest buyers of Ukrainian frozen cattle meat Azerbaijan, China and Uzbekistan

In the first three quarters of 2024, Ukraine exported 12.6 thousand tons of frozen cattle meat, which is 20.3% less than in the same period last year.
This is evidenced by the data of the State Customs Service.
Revenue from exports of these products decreased by 18.9% compared to January-September 2023 – to $50.9 million.
Azerbaijan (37%), China (27.8%) and Uzbekistan (9.7%) bought the most Ukrainian frozen cattle meat during the first nine months of 2024.

Source: https://agrotimes.ua/tvarinnitstvo/azerbajdzhan-kupuye-najbilshe-ukrayinskogo-morozhenogo-myasa-vrh-%ef%bf%bc%ef%bf%bc/

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Uzbekistan completes bilateral talks with United States on joining WTO

Uzbekistan has concluded bilateral negotiations with the United States on joining the World Trade Organization (WTO). The United States of America became the 21st country with which Uzbekistan has completed bilateral discussions on accession to the organization. The negotiations lasted for 14 months.

The parties are currently actively preparing to sign a market access protocol.

In September, Uzbekistan completed negotiations on WTO accession with 18 countries. Protocols on completion of market access negotiations were signed with Brazil and Sri Lanka.

At a meeting with entrepreneurs in August, the President of Uzbekistan called joining the WTO a thoughtful and far-sighted choice, as well as an integral part of Uzbekistan’s reforms.

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Uzbek exporters of fruits and vegetables will be reimbursed up to 15% of air transportation costs

In Uzbekistan, the Trade Development Company (TDC) will reimburse transportation costs for exports of fruit and vegetable products.

According to the Chamber of Commerce and Industry of the Republic of Uzbekistan, the funds are provided to exporting companies after the products are shipped abroad by air. The amount of payments depends on the country of destination and the volume of goods.

For deliveries to China or Afghanistan, 13% of the cost will be paid. For exports to other countries (except those bordering Uzbekistan), the compensation will be 15%.

The CRT was established by a presidential decree and is managed by the Chamber of Commerce and Industry. It is responsible for the distribution of funds from the Trade Promotion Fund, in particular for export subsidies.

The organization covers the costs of transportation, renting foreign offices, warehouses, retail space, insurance, and advertising. It also helps businesses establish cooperation with foreign brands and attract foreign specialists.

https://east-fruit.com/novosti/uzbekistanskim-eksporteram-ovoshchey-i-fruktov-kompensiruyut-do-15-stoimosti-zatrat-na-aviaperevozku/Tags.

 

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