Business news from Ukraine

CARGO TRANSPORTATION ALONG DNIPRO RIVER 26.4% UP THIS YEAR

Cargo transportation along the Dnipro River in January-September 2019 increased by 26.36% compared with the same period a year earlier and amounted to almost 8.279 million tonnes.
According to the Ukrainian Sea Ports Authority, the number of trips on the Dnipro River for this period decreased by 31.8%, to 8,644.
Transportation of metal products increased by 27.3%, to 1.227 million tonnes, grain doubled, to 3.36 million tonnes. Transportation of construction materials and other goods during this period decreased by 5.6%, to 3.656 million tonnes, oil products by 36.2%, to 34,900 tonnes.
As reported, in 2018 river transportation in Ukraine amounted to 16.5 million tonnes of cargo. The volume of traffic along the Dnipro River last year rose by 22.4% compared to 2017 and amounted to about 9.9 million tonnes.
According to the Ministry of Infrastructure, in 2016-2018 transportation of grain along the Dnipro grew by 180%, construction materials by 130%.
The volume of transportation by inland waterways in 2016-2018 compared to 2013-2015 increased by 112% and in 2018 amounted to 9.9 million tonnes.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 17/10/19

National bank of Ukraine’s official rates as of 17/10/19

Source: National Bank of Ukraine

KSG AGRO PLANS TO BOOST GRAIN, FLOUR EXPORT TO MIDDLE EAST, AFRICA COUNTRIES 2.8 TIMES IN 2020

KSG Agro next year plans to boost grain and wheat flour export to Oman, Qatar, Libya and Angola 2.8 times compared with 2019, to 50,000 tonnes.
The holding said in a press release that in 2019 KSG Agro plans to export up to 18,000 tonnes of grain and flour to these countries, and at present, 11,800 tonnes of goods have been delivered.
The company said that in 2019, the agricultural holding exported cereals and flour exclusively to Oman, Qatar, Libya and Angola.
“We are very interested in exporting to the markets of the Middle East and Africa, where there is a demand for our products. Expanding agricultural exports allows us to diversify sales channels and receive foreign exchange earnings, as well as increase margins,” KSG Agro Board Chairman Serhiy Kasianov said.
In 2018, KSG Agro delivered 5,000 tonnes of corn to Oman and Qatar, in 2019 the export of this crop to two countries amounted to 5,300 tonnes. In addition, this year, the agricultural holding exported feed barley to these two countries in the amount of 4,000 tonnes. Also in 2019, KSG Agro delivered 2,500 tonnes of wheat flour to Libya and Angola.
“Thus, the total export volume of agricultural products of the agricultural holding in 2019 increased 2.4 times compared to 2018,” KSG Agro said.
KSG Аgro is a vertically integrated agricultural group, working in almost all the segments of the agricultural market, including the production, storage, processing, and sale of agricultural products.

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ODESA SEAPORT SEES 17.5% RISE IN CARGO HANDLING

The Odesa seaport in January-September 2019 handled 18.152 million tonnes of cargo, which is 17.5% more than a year ago.
According to the Ukrainian Sea Ports Authority, over the period the port increased handling of exported cargo by 20%, to 13.375 million tonnes and imported cargo – by 12.7%, to 3.669 million tonnes, and coastal cargo 3.3 times, to 172,300 tonnes. Transit cargo transshipment fell by 6.2%, to 934,100 tonnes.
According to the types of cargo, the port in January-September 2019 increased the transshipment of liquid cargo by 16.7%, to 1.262 million tonnes, increased the transshipment of dry bulk cargo by 27.6%, to 7.51 million tonnes, and increased the transshipment of packaged goods by 10.6%, to 9.379 million tonnes.
Container handling amounted to 470,857 TEU (a rise of 10.8% year-over-year).
Odesa port is located on an area of 109.5 hectares.
The port accepts vessels with lengths of up to 270 meters and maximum draughts of 13 meters. The total length of the port’s berths exceeds 8 kilometers.

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CATTLE LIVESTOCK AND PIG NUMBERS IN UKRAINE DOWN

Cattle livestock in Ukraine (excluding the temporarily occupied territory of Crimea, Sevastopol, parts of Donetsk and Luhansk regions) as of October 1, 2019 amounted to 3.597 million animals, which is 5.1% down on the same date in 2018, the State Statistics Service has reported.
The number of cows by this date also decreased 4.8%, to 1.89 million head.
According to the State Statistics Service, the number of pigs as of October 1, 2019, fell by 3.1%, to 6.25 million animals, the number of sheep and goats declined by 3.2%, to 1.47 million animals compared to the same period of 2018.
The number of poultry in the country compared with October 1, 2018, increased 4.6%, to 249.797 million birds.

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BLOCKCHAIN ASSOCIATION OF UKRAINE BACKS 5% TAX ON DEALS WITH CRYPTOCURRENCIES

The Blockchain Association of Ukraine (BAU) has proposed to make Ukraine competitive jurisdiction for companies dealing with cryptocurrencies and blockchain technology and proposed some principles for being implemented into the law, including the introduction of 5% tax on deals with cryptocurrency.
The respective document was posted on the association’s website last week.
According to the text of the document, proposals for implementation in the legislation in the field of regulation of cryptocurrencies were developed with the aim of accelerating the pace of development of this market.
In particular, according to the association, cryptocurrency exchange and sale transactions should not be subject to VAT and cryptocurrency suppliers should not be tax agents of individuals. For transactions with cryptocurrency, personal income tax should be levied at a rate of 5%, and the tax base should be net profit for the reporting year.
Blockchain Ukraine also proposes to introduce licensing of the exchange of cryptocurrency for fiat currencies.
The BAU said that the proposals of the association were accepted for consideration by the Ministry of Digital Transformation of Ukraine and the interfactional parliamentary association of the Verkhovna Rada Blockchain4Ukraine.
In the near future, it is planned to sign a memorandum of understanding and cooperation between the Ministry of Digital Transformation and the community of blockchain and crypto companies.
The Blockchain Association of Ukraine brings together experts in the blockchain industry and is a non-profit organization that actively promotes the integration of blockchain technology into the Ukrainian economy. The main mission of the association is to develop multilateral dialogue, the result of which will be consensus in all areas of activity.

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