KYIV. June 11 (Interfax-Ukraine) – The U.S. Department of Agriculture (USDA) in June revised upward the forecast for wheat harvest in Ukraine and its exports in the new agricultural year by 1 million tonnes compared to the previous month forecast, to 23 million tonnes and 11.5 million tonnes respectively.
Fodder grain harvest forecast was revised slightly downward compared to May – from 33.325 million tonnes to 33.125 million tonnes, while the forecast for fodder grain exports has not changed, being 18.18 million tonnes.
In particular, corn harvest would total 26 million tonnes and exports – 16 million tonnes.
USDA said that in the 2014/2015 agricultural year Ukraine would export 11.5 million tonnes of wheat with 24.75 million harvest, 20.885 million tonnes of fodder grain with 39.345 million harvest (including 18 million tonnes of corn with 28.45 million harvest).
Ukraine’s State Statistics Service reported that the grain and leguminous crops harvest in Ukraine in 2014 totaled a record high of about 63.8 million tonnes, including 24.1 million tonnes of wheat, 9.04 million tonner of barley, and – 28.45 million tonnes of maize.
Ukraine’s Agrarian Policy and Food Ministry projects grain exports in the current marketing year to reach 32 million tonnes.
KYIV. June 10 (Interfax) – Ukraine has every chance to see the completion of the ratification of an Association Agreement with the European Union by all member countries by the end of 2015, Ukrainian deputy presidential chief of staff Valeriy Chaly said.
“We have every chance to get the ratification [of the Association Agreement with the EU] by the end of 2015,” Chaly said at a news conference in Kyiv on Wednesday.
“Everything is following an optimistic scenario,” he said.
At the present time, the agreement has been ratified by 20 EU member countries, in four others the agreement has been ratified by one of the two parliamentary chambers, and another four are preparing to ratify it, he said.
KYIV. June 10 (Interfax-Ukraine) – Ukrainian Foreign Minister Pavlo Klimkin and Israeli Honorary Consul in Lviv Oleg Vishnyakov share the view that Ukraine and Israel should promote the process of setting up a free trade area, Vishnyakov’s press service said in a statement circulated on Tuesday.
“The policymakers shared the opinion that the process of setting up a free trade area between the countries should be promoted. While raw materials make up the principal share of Ukraine’s exports [about $800 million a year], a significant quantity of technologies are bought in Israel,” it said.
Not only would the existence of a free trade area significantly increase trade turnover between the two countries, but it would also boost Israeli investments in Ukrainian projects, Vishnyakov said.
A joint economic forum planned for the end of October should serve as an important step toward “familiarization of Ukrainian and Israeli businesses with each other” and an opportunity “to find partners or investors, familiarize Israelis with Ukraine and its specifics, and enable Israeli investors to see personally that western Ukraine is a region that is economically attractive and safe for investments,” it said.
KYIV. June 10 (Interfax-Ukraine) – Ukraine plans in 2015 to commission several new trade centers with a total area of 570,000 square meters, while in case of commissioning this volume the index of retail space per 1,000 residents in the country will increase to 85 square meters from 59 square meters at the end of the first quarter of 2015.
According to a press release from Jones Lang LaSalle international consulting firm (JLL), in terms of the planned retail space commissioning this year Ukraine for the first time entered the top three states and ranks third after Turkey with 1.2 million square meters and Russia with 1.7 million square meters.
“The Ukrainian commercial real estate market, in our view, has a great potential for development in the future – perhaps one of the highest in Europe, which is due to the immaturity of the market, a small number of high quality shopping centers, especially in regional cities, and a low representation of global retailers,” the head of the retail space department at JLL in Ukraine, Hanna Chubotina, said.
At the same time, she said that during the last year there had been observed a decreased activity in the Ukrainian commercial real estate market.
JLL noted that in the current economic situation in Ukraine, the timing of many projects could be postponed and the figure of retail space commissioning over 2015 will be lower.
According to JLL, Europe as a whole plans in 2015 to commission about 6.3 million square meters of retail space.
In the first quarter of 2015, the average retail space index per 1,000 residents in European countries was 199 square meters, while in Western Europe – 260 square meters, in Eastern Europe – 134 square meters.
According to JLL, Ukraine by the end of the first quarter of 2015 on this indicator ranked 23rd (59 square meters per 1,000 residents).
KYIV. June 9 (Interfax-Ukraine) – Ukraine and Japan have agreed to stir up cooperation, Japanese Prime Minister Shinzo Abe has said.
“We’ve agreed to stir up bilateral exchanges, in particular, on the inter-parliamentary level, promote the quick entry of the agreement between Ukraine and Japan on promotion and protection of investment into effect, which is aimed at the improvement of investment climate and strengthening intergovernmental contacts,” he said after the talks with Ukrainian President Petro Poroshenko on June 6 in Kyiv.
In turn, the Ukrainian president said that this visit opens a new page in the history of Ukrainian-Japanese relations.
“Arrival to Kyiv of the leader of the country which is one of the most powerful economies of the world and an influential member of G7 has a crucial significance for the enhancement of Ukrainian-Japanese partnership,” he said.
“Today’s negotiations have shown that Ukraine and Japan share the position on inadmissibility of changing internationally recognized borders by force in violation of generally recognized principles of international law,” Poroshenko said.
“During today’s meeting we discussed the expectations from the G7 summit, which will start tomorrow in Germany. I am glad to note that Japan is determined to actively assist Ukraine in the implementation of important internal reforms during its presidency in G7 next year. One of the key issues on the agenda of our meeting was the issue of deepening cooperation between Ukraine and Japan in the international security issues, especially in the context of the deployment of the peacekeeping mission in Ukraine and cooperation on the reform of the UN Security Council,” the Ukrainian president said, adding that Japan is an important and reliable partner of Ukraine.
KYIV. June 9 (Interfax-Ukraine) – AMC Dragon Asset Management has decided against extending its license agreement with its parent structure, Dragon Capital investment company (both based in Kyiv), and will instead focus on the independent development of business under its own brand – Ozon Capital, reads a company press release.
According to the press release, for the last ten years Dragon Asset Management has worked as a fully independent company. Many of the proposed investment products used the Dragon Capital brand on the basis of the licensing agreement with the eponymous company. Dragon Asset Management decided not to extend the license agreement with Dragon Capital to maintain the independence and development of its own brand.
Other planned changes in the activity of the AMC include the renewal of its corporate identity and the change of location.
At the same time, the company will retain its entire investment team and product range.
AMC Dragon Asset Management was a subsidiary of Dragon Capital, one of the leading investment companies on the market. The company received a license of the National Commission on Securities and the Stock Market in May 2006.