Business news from Ukraine

UKRAINE AND ROMANIA AGREE ON FREE TRANSIT OF GOODS

Ukrainian Foreign Minister Dmytro Kuleba during a telephone conversation with Romanian Foreign Minister Bogdan Aurescu have agreed on the protection of Ukrainian citizens in Romania during traffic restrictions and uninterrupted transit of Ukrainian goods through Romanian territory, the Ukrainian Foreign Ministry has said. “I appeal to you in every possible way to support the citizens of Ukraine who are in Romania at a time when the transport links were practically closed, and I confirm that you can count on our appropriate attitude towards the citizens of Romania in Ukraine during this difficult period,” the press service said on Wednesday, quoting Kuleba.
Aurescu confirmed that Romania has always supported the sovereignty and territorial integrity of Ukraine, as well as Ukraine’s integration into the EU and NATO. He also assured Ukraine of Romania’s support in international institutions and organizations, of which Romania is a member.
In addition, Kuleba drew the attention of the Romanian foreign minister to the inadmissibility of Russia’s attempts to ease sanctions against the backdrop of the COVID-19 coronavirus disease pandemic.
“I would also like to draw your attention to the calls of Russia to ease sanctions under the pretext of a COVID-19 pandemic and the accompanying economic instability in the world. These calls are inappropriate and unacceptable. It is very important that no one can use the current difficult situation to achieve political goals. The sanctions were introduced over the Russian aggression against Ukraine, and the COVID-19 pandemic has nothing to do with them,” the Ukrainian minister said.
According to the Foreign Ministry, Aurescu assured Kuleba that he agrees with this approach to the issue of keeping sanctions against the Russian Federation. He also invited the Foreign Minister of Ukraine to pay a visit to Romania.

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ONLINE SALES OF GOODS AND SERVICES IN UKRAINE AMOUNT UAH 76 BLN IN JAN-NOV 2019

The turnover of goods and services purchased online in Ukraine in January-November 2019 amounted to UAH 76 billion, which is 17% more than in the same period in 2018, the EVO group of companies has said.
According to the company, revenue from related services also increased: delivery, advertising, promotion, payments via the Internet.
“Operators earned less than UAH 3.5 billion on the delivery of goods purchased online. About UAH 1.9 billion on online payments. According to the All-Ukrainian Advertising Coalition, revenue from advertising goods and services on social networks, on marketplaces and Internet resources reaches UAH 16 billion, which is 37% more than in 2018,” the EVO press service said.
The company said that on average buyers spend from UAH 200 to UAH 1,000 at a time on EVO marketplaces: Prom.ua, Shafa.ua, Bigl.ua, Crafta.ua, and Izi.ua. The average bill for the year decreased by 7-10%.
“At the same time, the cost of delivery has increased: on average buyers pay for the receipt of goods 5-15% of the cost of goods. By international standards, it is expensive, so the growth rate of the online trading market has slowed down slightly compared to last year,” EVO said.
According to the company, most often in 2019 Ukrainians bought online clothes and shoes, appliances and electronics, consumer goods, cosmetics, and perfumes. At the same time, the fastest growing demand is that for household goods, books, hobby goods, and products for cars.

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TOP 20 COUNTRIES UKRAINE HAS POSTED THE HIGHEST SURPLUS OF TRADE IN GOODS IN JAN-SEPT 2019

Top 20 countries Ukraine has posted the highest surplus of trade in goods in Jan-Sept 2019

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MYKOLAIV SEAPORT INCREASES TRANSSHIPMENT OF GOODS BY 20%

Mykolaiv seaport in January-October 2019 increased transshipment of goods by 20% compared to the same period in 2018, to 26.951 million tonnes.
According to the Ukrainian Sea Ports Authority, for the specified period the port increased transshipment of exported cargo by 27%, to 21.109 million tonnes, imported goods by 5.1%, to 5.003 million tonnes, cabotage goods by 0.2%, to 838,010 tonnes. Transshipment of transit cargo in January-October 2019 was not carried out.
In January-October, transshipment of liquid cargo in the seaport decreased by 6.3%, to 2.228 million tonnes, dry bulk cargo increased by 24.2%, to 22.044 million tonnes, and packaged goods by 15%, to 2.679 million tonnes.
As reported, Mykolaiv seaport in 2018 raised transshipment of goods by 24.09% compared to 2017, to 29.2 million tonnes.

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TOP 20 COUNTRIES UKRAINE HAS POSTED THE HIGHEST SURPLUS OF TRADE IN GOODS IN JAN.-AUG. 2019 (U.S. DOLLARS)

Top 20 countries Ukraine has posted the highest surplus of trade in goods in Jan.-Aug. 2019 (U.S. Dollars)

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155 TYPES OF GOODS FROM UKRAINE TO RECEIVE POSSIBILITY OF DUTY-FREE TRADE IN UNITED STATES

Ukraine from October 30, 2019 will return to the U.S. General System of Preferences, according to a proclamation of U.S. President Donald Trump. “On Saturday Kyiv time or on Friday night in Washington, the news came out that Trump has completely returned Ukraine to the General System of Preferences,” Deputy Minister of Economic Development, Trade and Agriculture, Ukraine’s trade representative Taras Kachka said at a press briefing on Monday.
He said that all 155 types of goods that were removed from the system of preferences, again will receive the possibility of duty-free trade in the United States.
“These are mainly food processing products – confectionery product… [and also] industrial products, especially complex engineering products,” Kachka said.
He said that the return to the system of preferences was made possible thanks to the progress in introducing new legislation on collective management organizations (CMOs).
“This is unlikely to affect trade statistics, since these are not mass products, but will positively influence small and medium-sized businesses,” Kachka added.
As reported, in 2018, the United States suspended the General System of Preferences, which allows the import of more than 3,500 types of goods to the United States duty free, for 155 types of Ukrainian goods due to systematic copyright violation.

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