Business news from Ukraine

TRANSPORT ENTERPRISES OF UKRAINE INCREASE TRANSPORTATION OF GOODS IN JAN-JULY

Transport enterprises of Ukraine (excluding the territory of the Autonomous Republic of Crimea and Sevastopol, as well as part of the JFO zone) in January-July 2021 increased transportation of goods by 4.7% compared to the same period in 2020, up to 342.3 million tonnes, the State Statistics Service reported.
According to its data, the freight turnover of carriers for the specified period increased by 1.6%, to 161.9 billion tonne-kilometers.
According to statistics, in January-July 2021, some 173.4 million tonnes of goods were transported by rail in domestic traffic and for export, which is 3% more than in January-July 2020. Some 120.8 million tonnes (more by 17.6%) were transported by road, 2.6 million tonnes (down by 4.8%) by water, 45.4 million tonnes (less by 14.5%) by pipeline, 100,000 tonnes (more by 4.5%) by air.

, ,

NOVA POSHTA STARTS DELIVERING GOODS FROM TURKEY

Nova Poshta Global, part of Nova Poshta Group, began delivering goods from online stores in Turkey; goods can be ordered through the NP Shopping website, the company’s press service said on Tuesday.
“Now Turkey is the third largest exporter of clothing in the world, and local manufacturers are actively developing their own brands – today there are more than 500 of them in the market. We expect orders from such online platforms as Hepsibursada, Trendyol, Morhipo, Collezione and others, because very few top Turkish brands are sold abroad online. Of course, the catalog of online stores will be constantly replenished with new names, so Ukrainians will feel like shopping in Turkey,” the press service said, citing Deputy Director for Product Development and Marketing of Nova Poshta Global Olha Volodina.
The company notes that for Turkish goods, the shipping cost will decrease in accordance with the weight of the shipment. To calculate the final shipping cost, one can use the calculator on the NP Shopping website.
Delivery times for orders from Turkey are from eight working days.

, , ,

NEGATIVE BALANCE OF UKRAINE’S FOREIGN TRADE IN GOODS IN JAN-APR INCREASES BY 47.3%

The negative balance of Ukraine’s foreign trade in goods in January-April 2021 increased by 47.3% compared to January-April 2020, to $ 1.299 billion from $ 882 million, the State Statistics Service has reported.
According to its data, the export of goods from Ukraine for the specified period increased by 18.8% compared to the same period in 2020, to $ 19.094 billion, imports – by 20.3%, to $ 20.393 billion.
The State Statistics Service clarified that in April compared to March 2021, the seasonally adjusted export volume increased by 2.9%, to $ 5.274 billion, while imports decreased by 8.5%, to $ 5.606 billion.
The seasonally adjusted foreign trade balance in April 2021 was also negative and amounted to $ 359 million, which is better than the previous month ($571 million).
The ratio of coverage of imports by exports for the four months of the current year was 0.94 (for the four months of 2020 – some 0.95).
The State Statistics Service specified that foreign trade operations were carried out with partners from 216 countries of the world.

, ,

UKRAINE PROPOSES TO REDUCE CEILING COST OF DUTY-FREE IMPORT OF GOODS INTO UKRAINE IN HAND LUGGAGE FROM EUR 1,000 TO EUR 430

The Cabinet of Ministers has proposed to the Verkhovna Rada to reduce the ceiling cost of duty-free import of goods into Ukraine in hand luggage or accompanying baggage from EUR 1,000 to EUR 430 – for checkpoints at airports and seaports, as well as at the level of EUR 300 instead of EUR 500 – through other checkpoints.
In addition, the bill increases the period during which goods in connection with resettlement to a permanent place of residence in Ukraine are imported without customs duties to one year instead of current six months.
At the same time, the government bill proposes to exempt from taxation the import into the territory of Ukraine of fixed assets of companies that move their activities to Ukraine with the creation of a new enterprise.
In addition, the bill proposes to exempt from duties scientific equipment, devices, as well as other items of research activities not related to entrepreneurship.

, , ,

DEFICIT OF UKRAINE’S FOREIGN TRADE IN GOODS IN JAN-NOV 2020 DECREASES BY 58.6%

The deficit of Ukraine’s foreign trade in goods in January-November 2020 decreased 58.6% compared to January-November 2019, to $3.897 billion from $9.417 billion, the State Statistics Service reported on Thursday.
According to its data, the export of goods from Ukraine for the reporting period compared to the same period in 2019 fell by 3.5%, to $44.347 billion, imports narrowed by 12.9%, to $48.244 billion.
The State Statistics Service said that in November, compared with October 2020, the seasonally adjusted export volume increased 2.5%, to $4.374 billion, imports grew by 4.3%, to $4.791 billion.
The seasonally adjusted foreign trade balance in November 2020 posted a deficit and amounted to $0.417 billion, a month earlier it also showed a deficit being $0.323 billion.
The ratio of exports to imports in January-April of this year amounted to 0.92 (in January-November-2019 it was 0.83).
The State Statistics Service said that foreign trade operations were carried out with partners from 232 countries.

, ,

TRANSIT OF GOODS IN UKRAINE NEXT YEAR COULD RECOVER TO LEVEL OF 2019 – INTERVIEW

The Ministry of Infrastructure of Ukraine expects that in 2021 the volume of transit of goods through the territory of Ukraine will recover to the level of 2019.
“We are waiting for the resumption, growth of transit. We would definitely recover to the level of 2019. But in order for it to grow, we need the economies of countries that send goods to each other develop,” Infrastructure Minister of Ukraine Vladyslav Krykliy said in an exclusive interview with Interfax-Ukraine.
The minister also said that the pandemic has fundamentally changed communications between countries.
“Probably, the greatest positive thing from the coronavirus, so to speak, is that we switched to more dynamic communications, including on the creation of digital transport corridors. If a year ago the issue of digital corridors, uniform transport rules and a single document was considered a prospect, which we must strive for, now digitalization is a necessity,” he said.
According to Krykliy, this is the only way the countries participating in the East-Europe transit traffic will be able to build alternative transport corridors that will develop through a digital tool, information exchange and through the interaction of all operators participating in these intermodal transportation, in order to eventually become competitive with Russia.

,