Business news from Ukraine

UKRAINE AND CHINA PLAN TO DOUBLE GOODS FLOW TO $10 BLN

The opportunities for cooperation in agriculture, construction and energy sectors have been discussed by Ukrainian Prime Minister Volodymyr Groysman with Chinese Ambassador to Ukraine Du Wei. “Ukraine and China plan to double mutual goods flow to $10 billion and are mulling new opportunities or cooperation in agriculture, construction, first of all infrastructure facilities, energy and other areas,” the press service of the Cabinet of Ministers reported after a meeting of the prime minister with the ambassador.
Groysman said that the potential of relations between Ukraine and China is deepening every year, and more and more spheres of mutual interest appear.
At the meeting the Ukrainian prime minster thanked the Chinese diplomat for the successful completion of a project providing ambulances for Ukraine. He expressed hope that China International Import Expo 2018 will be successful. A Ukrainian delegation will take part in the exhibition.

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GOODS FLOW ON EVO MARKETPLACES IN UKRAINE 52% UP IN H1 2018

Goods flow in marketplaces of the EVO Group in Ukraine (Prom.ua, Bigl.ua, Crafta.ua, Shafa.ua) in January-June 2018 totaled UAH 10 billion, which is 52% more than a year ago, the company’s press service has told. The average bill – UAH 893 – almost did not change in a year.
According to Prom.ua and Bigl.ua marketplaces, the greatest demand among online purchases is on clothing and footwear, appliances and electronics, cosmetics, perfumes, as well as books, hobby goods and gifts (table games, balloon bouquets, handicraft articles and other things). “The highest number of orders for goods for business and day-to-day items – they grew by 70% compared with the first half of 2017. Household chemistry, pet goods, office items were traditionally bought in convenient stores, now they are bought online. The same thing is with goods for business: instead of finding suppliers at exhibitions, they look for construction equipment, clothing, systems for video surveillance, fire alarms and other items online,” Prom.ua CEO Ivan Portnoi said.
According to EVO, in six months on Shafa.ua Ukrainians bought outfits for UAH 169 million (for comparison, for the whole of 2017 – UAH 212 million).
“Interest in second-hand items is growing for two reasons. The first thing is that to buy used things online is beneficial: on average, one thing in the Shafa marketplace costs UAH 240 for customers, and this is often the brand thing in perfect condition. In addition, conscious consumption is developing in the country,” Shafa.ua CEO Oleksandr Royenko said.
The main business of EVO is marketplaces. The projects of the group are working in Ukraine, Belarus, Russia and Kazakhstan.

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UKRAINE AND ISRAEL SEEK TO BOOST GOODS FLOW TO $2 BLN A YEAR IN FIVE YEARS

Ukraine and Israel seek to boost goods flow in the coming five years to $2 billion a year, while last year the figure grew by 14.7% compared with 2016, reaching $772.5 million, Ukraine’s First Deputy Prime Minister, Minister of Economic Development and Trade Stepan Kubiv has said. “I met with Israeli Minister of the Economy and Industry Eli Cohen and agreed to increase the trade flow to $ 2 billion in the next five years,” he wrote on his Facebook page.
According to him, the countries also intend to develop cooperation in the field of innovation and high technologies.
Kubiv also recalled that Ukraine and Israel intend to sign a free trade agreement by the end of this year.

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GOODS FLOW OF DISCOUNT CHAIN ATB 32% UP

ATB-market LLC (Dnipro), owning a discount store chain in Ukraine, in January-June 2018 increased good flow by UAH 11.9 billion or 32.6%, to UAH 48.4 billion (VAT included). “In the first half of 2018, the good flow of the ATB retail network amounted to UAH 48.4 billion (including VAT), which is 32.6% more than in the same period last year. ATB-Market LLC’s share of total retail turnover of retail enterprises in Ukraine for the first quarter of 2018 amounted to almost 15.9%, which is 1.9 percentage points more than the figures for the corresponding period of the previous year and it has a steady tendency to increase. This is the result of both a general growth in the number of retail enterprises and experimental updating of the ATB store format,” Director General of the ATB Corporation Borys Markov told Interfax-Ukraine.
According to him, since early 2018 the company has opened 48 new stores, of which 21 are in the western region of Ukraine, and 12 – in the southern region.
According to the press service of ATB, referring to the data of the State Fiscal Service, the amount of taxes paid by ATB-Market LLC for six months increased by 57.9% compared to the same period last year, to UAH 3.2 billion. Thus, the company remains the largest taxpayer of wholesale and retail trade in Ukraine.
“In general, the enterprises of the ATB Group paid taxes and fees for the total amount of UAH 4.3 billion in the first half of this year, which is 32% more than in the same period last year,” Markov added.

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UKRAINE INCREASES GOODS FLOW WITH EU TO $8.581 BLN, TRADE WITH RUSSIA GROWS BY 14.9%, TO $2.615 BLN IN Q1 2018

Ukraine in January-March 2018 increased goods flow with the European Union (EU) countries by 17.7% year-over-year, to $8.581 billion, the National Bank of Ukraine (NBU) has said on its website. The central bank said that both exports grew by 26.5%, to $4.058 billion and imports rose by 10.7%, to $4.523 billion. The deficit of balance of trade with the EU narrowed to $465 million from $878 million.
In addition, goods flow with Russia grew by 14.9%, to $2.615 billion. Imports rose by 28.4%, to $1.906 billion, while exports fell by 10.1%, to $0.709 billion. The deficit of balance of trade with Russia grew to $1.197 billion from $692 million.
The share of goods flow between Ukraine and the EU of total Ukraine’s foreign trade in January-March 2018 grew to 37.7% from 35.3% and with Russia to 11.5% from 11%.
In general, exports of goods from Ukraine in January-March 2018 grew by 10.4%, to $22.782 billion, imports – by 11.9%, to $12.359 billion and exports – by 8.6%, to 410.423 billion.

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