Business news from Ukraine

Business news from Ukraine

ZELENSKY, IT INDUSTRY DISCUSS DEVELOPMENT OF DIIA CITY

Until 2030, Ukraine will increase the harvest and production of the main types of agricultural raw materials, which will allow the country to consolidate the status of a constantly growing producer and exporter of grains, oilseeds and sunflower oil, while a reduction is expected in production of sugar, milk and beef, the Ukrainian Agriculture Export Association (UAEA) reported.
As the UAEA told Interfax-Ukraine on Friday, the relevant data are contained in a joint report by the Food and Agriculture Organization of the United Nations (FAO) and the Organization for Economic Co-operation and Development (OECD), which compares the average annual production of the main types of agricultural products for 2018-2022 with projections in 2030.
Thus, the growth of the corn crop in Ukraine is projected from 33.99 million tonnes to 44.01 million tonnes (29.4% more), wheat – from 26.01 million tonnes to 35.86 million tonnes (37.8% more), and oilseeds – from 22.04 million tonnes to 26.29 million tonnes (19.3% more).
During the specified period, an increase in production of vegetable oil is also expected from 6.88 million tonnes to 8.4 million tonnes (22.1% more), poultry meat – from 1.15 million tonnes to 1.54 million tonnes (33.9% more), pork – from 0.71 million tonnes to 0.82 million tonnes (15.5% more), and fish and seafood – from 99,000 tonnes to 101,000 tonnes (2% more).
At the same time, Ukraine is projected to reduce milk production from 9.82 million tonnes to 8.93 million tonnes (9.1% less), sugar – from 1.38 million tonnes to 1.24 million tonnes (10.1% less) and beef – from 0.37 million tonnes to 0.33 million tonnes (10.8% less).
“The current forecasts of international organizations almost always consider Ukraine as a constantly growing producer and exporter of grains, oilseeds and sunflower oil, that is, our status as a supplier of raw materials to the world market will be strengthened,” the association summed up.

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ERDOĞAN VISITING UKRAINE

President of the Republic of Turkey Recep Tayyip Erdoğan, at the invitation of President of Ukraine Volodymyr Zelensky, has arrived in Kyiv to attend the tenth meeting of the High-Level Strategic Council.
“We are in Kyiv at the invitation of President of Ukraine Volodymyr Zelensky to attend the tenth meeting of the High Level Strategic Council. I hope that the meetings will lead to favorable results for both the countries and the region,” Erdoğan said on Twitter on Thursday.
He said that in recent years, Turkey has made significant progress in relations with Ukraine in trade, investment, tourism and defense industry.
“We are striving to achieve our goal of $10 billion in trade volume. We will soon achieve this goal due to the Free Trade Agreement that we will sign,” the Turkish president said.
According to him, Turkey is closely following “the challenges faced by Ukraine, and tensions in the region.” Thus, he called on all sides to dialogue to maintain peace in the region.
“It is clear that the conflict must be resolved peacefully and in accordance with international law. Turkey is ready to contribute to maintaining peace and security in its region,” he said.

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UKRAINE DISCUSS COOPERATION BETWEEN KYIV AND WARSAW WITH POLISH DELEGATION

On Monday, January 31, the President’s Office will host a meeting of the delegations of Ukraine and the Republic of Poland with the participation of representatives of a number of ministries and departments of the two countries, the press service of the President of Ukraine reports.
“The Polish delegation arrived in our state in fulfillment of the agreements reached during the visit of President of Ukraine Volodymyr Zelensky to the Republic of Poland on January 20-21, 2022,” the message says.
The Ukrainian delegation at the talks will be headed by Head of the President’s Office Andriy Yermak, the delegation of Poland – by Secretary of State of the Office of the President of the Republic of Poland, head of the Bureau for International Policy Jakub Kumoch.
In addition, the negotiations, in particular, will be attended by Minister of Infrastructure of Ukraine Oleksandr Kubrakov and Minister of Infrastructure of Poland Andrzej Adamczyk.
“During the meeting, topical issues of bilateral cooperation in the economy, energy and infrastructure will be discussed,” the President’s Office said.

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ZELENSKY THANKS BRANSON FOR SUPPORTING UKRAINE

President of Ukraine Volodymyr Zelensky thanked businessman Richard Branson and representatives of world business for supporting the Ukrainian state.
“Grateful to Richard Branson and the global business community for supporting Ukraine. Innovative businessmen best understand the key vectors of human development. Hence, their call to unite and defend Ukraine’s sovereignty, in particular, by imposing sanctions on the aggressor, is crucial,” Zelensky said on Twitter last week.
A day earlier, Branson said that in Twitter that “for business leaders, this is the moment to come together and stand up for Ukraine’s sovereignty,” and also published a link to his article “My thoughts on Ukraine and Russia” in which he repeated this thesis. “For business leaders, this is the moment to come together and stand up for Ukraine’s sovereignty. Even if it comes at a price, all of us should send a clear message that unilateral aggression is always unacceptable and that the global business community will support the full range of sanctions against any nation that seeks to violate the sovereignty of another,” he said.
The businessman also said in the article that “Business leaders all over the world have been watching the build-up of Russian troops and equipment at the Ukrainian border with great concern” and that any war between Russia and Ukraine will have devastating and terrible consequences, primarily for the civilian population on both sides, and further isolates Russia.
“But never in recent years has there been a greater risk of an all-out war on European soil – a war that, like so many before it, does not serve a just or legitimate objective. (It is hard for any of us to hide our exasperation at this point. In 2022, what on earth is one country doing amassing tanks at another country’s borders?” Branson said.

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ZELENSKY: UKRAINE NEEDS $4-5 BLN TO STABILIZE ECONOMY

Ukraine will spend at least $4-5 billion to stabilize the economic situation, President Volodymyr Zelensky has said.
“To stabilize our economy, we will spend about $4-5 billion. I do not count on a smaller figure, this is the amount we need,” Zelensky said at a briefing with foreign media representatives in Kyiv on Friday.
The President said that the West, providing Ukraine with funding and assistance, gives an appropriate signal of support for the country.
“But the question is still not in the amount, but in the fact that they believe in the economy of Ukraine and send the appropriate signals,” Zelensky said.

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ZELENSKY AND THE EUROPEAN COMMISSION DISCUSS ENERGY SECURITY, THE DEVELOPMENT OF THE ENERGY SECURITY AROUND UKRAINE

President of Ukraine Volodymyr Zelensky discussed with President of the European Commission Ursula von der Leyen issues of energy security and the development of the security situation around Ukraine, according to the presidential website.
“The head of state informed the interlocutor about the development of the security situation along the borders of Ukraine and in Donbas. The president thanked the head of the European Commission for the consistent support of the sovereignty and territorial integrity of our state, as well as her clear position on the need to tighten EU sanctions in the event of an escalation of Russian aggression against Ukraine. The leaders agreed with the need to continue joint coordinated efforts to prevent the escalation of the conflict,” the President’s Office said on its website.
Zelensky and von der Leyen reportedly discussed challenges for European energy security.
The sides also discussed preparations for holding an international energy business forum in Ukraine, which was agreed upon in November.
The head of state drew attention to the threats to Ukraine and all of Europe that the possible launch of Nord Stream 2 would create. The interlocutors coordinated steps aimed at integrating the unified energy system of Ukraine into the European ENTSO-E network.
Zelensky thanked von der Leyen for the financial support to Ukraine from the European Union and discussed areas for further cooperation.
In addition, the sides paid special attention to the prospects for the liberalization of road freight transport. Zelensky said the conclusion of an agreement on the liberalization of transportation services will help ensure further growth in trade between Ukraine and the EU.

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