Business news from Ukraine

UKRAINE RAISES EXPORT OF ELECTRICITY, TOP BUYERS ARE HUNGARY, SLOVAKIA, ROMANIA, POLAND, MOLDOVA

Ukraine in January-July 2018 increased electricity exports by 3.1% compared to the same period in 2017, to 3.626 billion kWh, the Ministry of Energy and Coal Industry has told Interfax-Ukraine. The supply of electricity from the Burshtyn TPP energy island towards Hungary, Slovakia and Romania rose by 14.2%, to 2.296 billion kWh.
Electricity deliveries to Poland were up by 15.6%, to 831.9 million kWh.
Electricity deliveries to Moldova totaled 498.9 million kWh, which is 36.7% less than in January-July 2017.
Ukrainian electricity was not exported to Belarus and Russia in January-July 2017 and 2018.
At the same time, in July 2018 exports of Ukrainian electricity amounted to 491.248 million kWh, which is 38.4% more than in July 2017.
In addition, Ukraine for the first seven months of this year imported 20.436 million kWh of electricity.

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UKRAINE EXPORTS AGRARIAN PRODUCTS WORTH $8.6 BLN IN H1, 2018

Exports of Ukrainian agrarian products in January-June 2018 amounted to $8.6 billion compared to $8.7 billion in the same period last year.
According to a press release of the Ministry of Agrarian Policy and Food, for the first half of the year the leaders of Ukrainian agrarian exports were grain crops with a share of 36.8%, vegetable oils with 26.2%, and oilseeds with 7.5%.
“Over the six months of this year, the following commodity groups showed the highest growth rates of exports: poultry eggs by 2.1 times (by $27.7 million), apples, pears and quince by 5.3 times ($6.7 million), legume vegetables by 58.3 times (by $11 million), butter and other fats made from milk by 65.2% ($29.2 million) and others,” Deputy Minister of Agrarian Policy and Food on the issues of European integration Olha Trofimtseva said.
According to her, the regional structure of Ukrainian agrarian exports has not changed: Asia countries rank first with a share of 43.2%, the European Union ranks second with 30.4%, and Africa ranks third with 14.6%.
“The top five of our largest customers in 2018 are headed by India, where agricultural and food products were exported for more than $1 billion. Egypt followed with $575.9 million, China with $526.6 million, the Netherlands with $525.3 million, Spain with $470.3 million,” the deputy minister noted.

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BIOPHARMA TO BOOST EXPORTS BY 60% INCLUDING NEW COUNTRIES (BANGLADESH AND COLOMBIA)

Kyiv-based producer of blood-derived products Biopharma is to boost exports by 60% in August 2018 year-over-year, to UAH 130 million. Exports in August will be 40% higher than the monthly average indicator during the year, the company’s press service said. In August 2018, the company will ship, in addition to Ukraine, to markets of 10 countries, including Belarus, Kazakhstan, India, Colombia, Uzbekistan, Azerbaijan, Middle East countries, as well as to Slovakia, Mongolia, and Bangladesh. It should be noted that Biopharma’s products will be delivered to Bangladesh and Colombia for the first time. The company’s plans include the expansion of its presence in the European markets.
Biopharma immunobiological pharmaceutical company is one of the ten largest Ukrainian producers of medicines. It produces more than 20 immunobiological preparations from donated blood, preparations obtained with the use of recombinant DNA technology and probiotics.
In 2015, the company invested $3.5 million in the reconstruction of Sumy region’s blood center, which currently accounts for 98.2% of donated blood in the region.
Biopharma plans to launch a plasma fractionation plant in 2018. The Biopharma Group of Companies includes LLC Biopharma Invest, LLC Biopharma Plasma Invest, LLC Biopharma Plasma, and LLC Fractionation Plant FZ Biopharma.

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UKRAINE EXPORTS 3.9 MLN TONNES OF GRAIN SINCE JULY 1 TO AUGUST 15

Ukraine exported 3.894 million tonnes of grain from July 1, 2018, when the 2018/2019 marketing year began, to August 15, which was 5.4% down on the same date last year. In particular, about 1.67 million tonnes of wheat was shipped abroad, the Agrarian Policy and Food Ministry said.
Barley exports totaled 1.15 million tonnes, and those of maize were 1.03 million tonnes.
Ukraine also exported 20,800 tonnes of flour by August 15, 2018.
Ukraine exported 39.4 million tonnes of grain in the 2017/2018 marketing year (July through June), the ministry said.

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GOLDEN TILE CERAMIC GROUP INCREASES EXPORT, KEY FOREIGN TRADE AREAS – GREAT BRITAIN, GERMANY, ROMANIA, HUNGARY, POLAND

Golden Tile ceramic group in the first half of 2018 increased tile exports by 21%, to 2.8 million square meters, Oleh Lysokon, the deputy chairman of the Golden Tile board, has told Interfax-Ukraine. According to him, the group also increased domestic sales to 4.2 million square meters, which is 10% more than in the first half of 2017. According to the group’s report on its website, in the second half of this year Golden Tile plans to export 2 million square meters of tiles. The geography of its exports covers 26 countries. The key areas of foreign trade are Great Britain, Germany, Romania, Hungary, and Poland.
“The key to foreign markets is DIY networks. We sold 556,000 square meters of our products in foreign trade networks in the first half of 2018. The growth compared to 2017 was 54%. Ukrainian tiles took their place on the shelves of the largest European trade networks: Leroy Merlin, Praktiker, Mercury Market, Hornbach, OBI, and Arabesque,” chairman of the group board Dmytro Salimonov said.
According to him, the group plans to open a representative office in Israel and Lithuania, as well as to sign a contract with the British DIY networks ToppsTiles and Homebase.
Golden Tile ceramic group is a vertically integrated group of companies providing a full cycle of production and distribution of ceramic tiles.

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FIVE STATES CONTROL OVER 50% OF ALL IMPORTS TO UKRAINE IN JAN-MAY, 2018

5 countries control over half of all goods imports to Ukraine. Foreign trade operations were conducted with partners from 210 countries, but Russia, China, Germany, Poland, Belarus are in top-5 among other exporters of goods to Ukraine.
According to the statistical data, Russia is the first exporter of its good to Ukraine with 14,8% of all trade volume, the second is China (12,1%). The USA is the 6-th exporter to Ukraine, the UK is on the 13-th place.
The deficit of Ukraine’s foreign trade in goods in January-May 2018 increased by 1.4 times compared with January-May 2017 and amounted to $2.055 billion, the State Statistics Service has said. According to its data, in May the deficit was $632 million, while in April some $221.6 million, in March $460 million, in February $457 million, and in January $284.1 million. In January-May 2018 exports of goods compared to January-May 2017 increased by 12.9%, amounting to $19.460 billion, imports by 15.3%, to $21.515 billion.
In May 2018 compared to the previous month, the seasonally adjusted export volumes decreased by 5.8%, imports by 13.4%. The seasonally adjusted foreign trade balance in May 2018 was negative and amounted to $946.5 million, negative indicators were also fixed in April 2018 at $570.8 million, in March at $508.2 million, in February at $411.8 million, and January at $580.5 million.
The ratio of coverage of imports by exports was 0.9.
Foreign trade operations were conducted with partners from 210 countries, a share of top-20 importers to Ukraine is more than 75% of a total volume.

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