Business news from Ukraine

UKRAINE AND EGYPT DISCUSS STEPS TO DEVELOP TRADE

President of Ukraine Volodymyr Zelensky had a phone conversation with President of Egypt Abdel Fattah Al-Sisi, during which they highly appreciated the trade and economic cooperation between the countries, discussed further steps to develop mutually beneficial cooperation, the press service of the President’s Office said.
“The President of Ukraine expressed interest in further strengthening trade and economic cooperation with Egypt, our country’s largest trading partner on the African continent and in the Middle East. Zelensky noted the contribution of Ukrainian companies to ensuring food security in Egypt, and stressed the importance of successful implementation of projects of Ukrainian enterprises in this country,” the message reads.
In addition, the topic of strengthening cooperation in the space industry was separately discussed.
“Given the considerable experience and the available industrial and engineering base, Ukraine is interested in resuming mutually beneficial cooperation with Egypt in such areas as satellite production and management, modernization of ground-based flight control base and equipment for testing spacecraft, training and education of Egyptian specialists. I am convinced that our states have a significant potential for cooperation in the use of outer space for peaceful purposes,” the President of Ukraine said.
The presidents also exchanged invitations on visiting the two countries after the stabilization of the situation with the coronavirus.

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TOP 20 COUNTRIES UKRAINE HAS POSTED THE HIGHEST SURPLUS OF TRADE IN GOODS IN JAN-FEB 2020 (THSD USD)

Top 20 countries Ukraine has posted the highest surplus of trade in goods in Jan-Feb 2020 (thsd Usd)

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RETAIL TRADE TURNOVER IN UKRAINE 14.9% DOWN IN APRIL 2020

Ukraine’s retail trade turnover in April 2020 compared to the same month of 2019 in comparable prices decreased by 14.9%, while in March it grew by 6.1%, the State Statistics Service has reported. According to the service, in April, compared with March 2020, retail trade turnover decreased by 23%.
In January-April 2020 compared with January-April 2019, retail trade turnover increased by 3.2%.
The largest growth in the retail turnover of enterprises (legal entities and individual entrepreneurs) for the four months of 2020 compared to the same period in 2019 was recorded in Kyiv (by 10.5%), Zaporizhia (by 9.8%), Dnipropetrovsk (by 8.6%), Odesa (6.7%), Volyn (6.3%), Kirovohrad (5.3%), Kharkiv and Donetsk (4.9%), Poltava (4.5%) regions.
The service recalls that the data are given without taking into account the temporarily occupied territory of the Autonomous Republic of Crimea, Sevastopol, part of Donetsk and Luhansk regions.

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UKRAINE AND INDONESIA AGREE TO DEVELOP TRADE

Foreign Minister of Ukraine Dmytro Kuleba has held a phone conversation with his Indonesian counterpart Retno Marsudi to discuss the development of mutual trade between the countries.
“Dmytro Kuleba said that Indonesia is an important partner of Ukraine in Southeast Asia and one of the region’s leaders. In this context, he pointed out the growth of bilateral trade, which exceeded $1 billion at the end of last year. The ministers agreed to join their efforts for the further development of trade between the countries,” the Foreign Ministry of Ukraine said on Monday.
Kuleba said that Ukraine aspires to build closer political cooperation with the Association of South East Asian Nations (ASEAN).
The Ukrainian minister also thanked Indonesia for the decision to not impose sanctions on Ukrainian citizens who were unable to leave the country due to the suspension of flights, although their documents for stay in Indonesia have expired.
He also said that Ukraine is ready to welcome Indonesian president in Kyiv and invited the country’s foreign minister to visit Ukraine at any convenient time.

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MAIN TRADE PARTNERS OF UKRAINE IN % FROM TOTAL VOLUME (IMPORT FROM OTHER COUNTRIES TO UKRAINE) IN 2019

Main trade partners of Ukraine in % from total volume (import from other countries to Ukraine) in 2019

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TOP 20 COUNTRIES UKRAINE HAS POSTED THE HIGHEST SURPLUS OF TRADE IN GOODS IN JAN-OCT 2019 (THOUSANDS USD)

Top 20 countries Ukraine has posted the highest surplus of trade in goods in Jan-Oct 2019 (thousands USD)

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