Business news from Ukraine

Business news from Ukraine

UKRAINIAN-BRITISH TRADE RAISES UP BY 60% OVER TWO YEARS

The growth in the volume of bilateral trade between Ukraine and the UK thanks to the free trade agreement has increased by 60% over two years, President of Ukraine Volodymyr Zelensky said during a briefing with British Prime Minister Boris Johnson for media representatives.
The President noted that the Agreement on Political Cooperation, Free Trade and Strategic Partnership signed the year before last is working successfully, which is proved by a 60% increase in bilateral trade between Ukraine and the United Kingdom.
He also added that the parties agreed to start negotiations on further trade liberalization.

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TRADE BETWEEN AZERBAIJAN AND UKRAINE REACHES $1 BLN

The trade turnover between Ukraine and Azerbaijan for the first time in seven years has reached an all-time high levels of almost $1 billion, President of Ukraine Volodymyr Zelensky has said. “The commodity turnover [between Ukraine and Azerbaijan] not only did not decrease, despite what is happening around the world and our states are no exception, despite the COVID-19 pandemic, for the first time in seven years, the trade turnover has reached an all-time high of almost $1 billion “, Zelensky said during a joint briefing with Azerbaijani President Ilham Aliyev in Kyiv on Thursday.
According to Zelensky, Ukraine and Azerbaijan set a goal to double the volume of joint trade by 2024, increase the amount of joint investments and projects, in particular, the participation of Azerbaijani companies in the Great Construction program, as well as mutual participation in the construction of new infrastructure in both states.
Also, according to the president, Ukraine counts on the active participation of Azerbaijani business in privatization in Ukraine.

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SILPO STARTS COOPERATION WITH ITALIAN TRADE AGENCY

The Silpo grocery supermarket chain, part of Fozzy Group (Kyiv), has signed a cooperation agreement with the Italian Trade Agency (ICE) to promote Italian brands and goods, the group’s press service said.
According to the announcement, the parties will work together to promote Italian brands and products, combat the “Italian sounding” phenomenon, and raise awareness of Italian cuisine and products.
According to the ICE office, the Italian National Institute of Statistics in 2020 recorded an increase in imports of Italian goods to Ukraine by 27%, or by EUR208 million compared to the previous year. In the total volume of imports of Italian goods, food products accounted for 12.3%.
According to the company’s website, the Silpo chain has 318 supermarkets in 60 cities of Ukraine, as well as four Le Silpo gourmet markets in Kyiv, Dnipro, Kharkiv and Odesa.
In January-September 2021, Silpo’s trade turnover amounted to UAH 42.1 billion.
Silpo-Food LLC was established in early August 2016.

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