Business news from Ukraine

UKRAINE PLANS TO INCREASE THE ANNUAL FLOW OF FOREIGN TOURISTS

Ukraine plans to increase the annual flow of foreign tourists to 30 million people, domestic to 60 million by 2030, and also intends to increase the industry’s share in GDP to 10%, according to the National Economic Strategy 2030, presented by Prime Minister Denys Shmyhal on Friday.
According to the document entitled “Vectors of Economic Development” published within the framework of the National Economic Strategy 2030, Ukraine ranks 78th in the Travel & Tourism Competitiveness Index, while the goal is to rise to the 45th place by 2030.
Last year, the number of accommodation facilities in Ukraine increased by 13% – up to 5,300, while the number of beds was 370,000. At the same time, the average number of beds concerning the area of the country in Ukraine is 1.6/sq. m, while in Europe this figure is 9.2/sq.m, the document says with reference to a number of statistical departments.
According to the document, the export of tourist services in Ukraine at the end of 2019 amounted to $1.62 billion, of which 90% is personal tourism.
In addition, among the competitive advantages of Ukraine is the size of the average check for hotels, which, taking into account their operating profitability at the level of 40%, opens up potential for hotels in the three-four star segment.
The document creators also call the market of recreational and health-improving services and human resources the strengths of Ukrainian tourism.
Challenges include safety and security, environmental resilience, protection of natural resources, and outdated transport infrastructure. The priority is, among other things, improving the comfort system, managing quality and introducing a classification system by hotel categories.
Delta Wilmar invests $5.5 mln in new sunflower oil bottling shop

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COST OF AGRICULTURAL PRODUCTION IN UKRAINE 4.1% DOWN IN JAN-SEPT

The cost of agricultural production in Ukraine in January-September 2020 decreased by 4.1% compared to the same period in 2019.
According to the State Statistics Service, the cost of crop production in January-September decreased by 6.2%, livestock products by 1.3%, material and technical resources of industrial origin used in agriculture by 10.3%.
At the same time, according to the service, the cost of agricultural production in September increased by 3.9% compared to the previous month. Thus, the cost of crop production grew by 2.9%, livestock products by 6.3%, but at the same time, the cost of material and technical resources grew by 2.3%.
As reported, the cost of agricultural production in Ukraine in 2019 decreased by 0.64% compared to 2018.

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EXPORTS OF GOODS FROM UKRAINE GROWS BY 1.3% IN OCT

The volume of Ukrainian exports of goods in October amounted to $4.69 billion, which is 1.31% higher than the same month in 2019 and 10.41% higher compared to September this year.
Deputy Minister of Development of Economy, Trade and Agriculture, Trade Representative of Ukraine Taras Kachka said on Facebook, so far in the first 10 months of the year (year-on-year), exports showed a decline of 4.82%, imports – 12.21%.
“More good news: we have reduced the deficit by $3.97 billion, that is, more than a half,” he wrote.

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PASSENGER TRAFFIC ON BELARUS-UKRAINE BORDER FALLS BY 15%

The Belarusian side has limited the admission of foreign citizens to its territory since October 29, arguing such actions by the need for additional measures to prevent the spread of coronavirus infection, in connection with it there is a decrease in the number of travelers at checkpoints wishing to enter the territory of Belarus, the press service of the State Border Guard Service of Ukraine has reported.
“Compared to last weekend, the passenger traffic has decreased by an average of 15%. Such situation is observed even at checkpoints, where traffic is usually heavy. Namely, in Novi Yarylovychi (Chernihiv region), Vystupovychi (Zhytomyr region) and Domanove (Volyn region),” a statement, released on Monday by the press service of the border department, said.
Now, at the checkpoints to exit Ukraine, the border is mainly crossed by participants in international road transport.
On average, Ukrainian border guards during the day register more than 1,700 people and about 1,000 vehicles at the Novi Yarylovychi checkpoint, about 300 people and almost 180 vehicles at the Vystupovychi checkpoint, and more than 600 people and nearly 100 vehicles at the Domanove checkpoint. There are no trucks and cars queues.
“We add that during the past weekend, the Belarusian side did not let in and returned to the territory of Ukraine 20 citizens of Ukraine and two foreigners,” the press service said.

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UKRAINE PUTS 10 DISTILLERIES UP FOR SALE IN NOV

The State Property Fund of Ukraine (SPF) put 10 distilleries up for an online auction on the Prozorro.Sale platform in November.
According to the post of Head of the State Property Fund Dmytro Sennychenko on Facebook on Monday, the initial sale prices for lots are from UAH 8 million to UAH 54 million.
“In October, in just half a month, we have got an excellent takeoff. Six objects of the state-owned enterprise Ukrspyrt have already found new owners at privatization auctions and brought more than UAH 268 million to the state budget. The price that is formed by the market and which sometimes swells two or three times, this is the main characteristic that now unites alcohol privatization,” he wrote.
As reported, President of Ukraine Volodymyr Zelensky on December 11, 2019 signed a law on abolishing the state monopoly on alcohol production from July 1, 2020, adopted by the Verkhovna Rada on December 3, 2019.
The debut auction for the privatization of the first object of the state-owned enterprise Ukrspyrt Nemyriv distillery (Vinnytsia region) was held on October 15. The plant was sold to LVN Limited LLC, shareholders of Nemiroff, for UAH 55.08 million, which is UAH 5 million higher than the starting price. The winning company was the only one to apply to participate in the auction.
On the whole, starting from October 15, six Ukrspyrt’s plants have been successfully privatized at online auctions. Two auctions did not take place. As for distilleries, they will be put up for re-bidding with a reduction in the starting price.
The SPF expects to attract about UAH 2 billion from the privatization of distilleries of the state-owned enterprise Ukrspyrt and the concern Ukrspyrt.

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U.S. PLANS TO REVISE RESTRICTIONS ON IMPORTS OF SOME STEEL PLATЕ PRODUCTS FROM CHINA, RUSSIA AND UKRAINE

At the end of the fourth five-year period, the United States International Trade Commission (USITC) will revise anti-dumping restrictions on the supply of Certain Cut-to-length Carbon Steel Plate to the American market from Ukraine, Russia and China.
According to the USITC report in the Federal Register bulletin, the start of the review is set for November 2, the deadline for responses from participants in the review procedure is December 2, 2020.
During the revision procedure, USITC will determine the possibility of abolishing anti-dumping duties on these products from China, as well as ending the suspension of the investigation on this type of rental from the Russian Federation and Ukraine – to what extent this may lead to the continuation or renewal of damage to local manufacturers of these products in the United States.

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