In January-October 2020, Ukraine reduced exports of agricultural products by 1.7% compared to the same period last year. According to the Ukrainian Club of Agrarian Business Association exports were reduced exactly to $ 17.6 billion.
According to this data, imports of agricultural products for the reporting period increased by 14.4% to $ 5.1 billion. Thus, the positive balance of foreign trade in agricultural products decreased by $ 1 billion compared to January-October 2019.
Ivan Kolodyazhny, UCAB analyst explains this decrease in the trade balance by 7% by relatively low prices for grain and oilseeds and products of their processing in the first half of the year, as well as a lower harvest in 2020.
At the same time, exports of sunflower oil increased by 21%, or $ 703.8 million, wheat – by 6%, or $ 173.4 million, barley – by 37%, or $ 161.7 million.
Meanwhile, deliveries of corn decreased by 12%, or $ 482.2 million, soybeans – by 48%, or $ 415 million, seeds – by 29%, or $ 337 million.
Nordea, the €190bn (£135.6bn) Scandinavian fund manager, has become the first major investor to signal it is preparing to sue Volkswagen over the carmaker’s manipulation of emissions tests. Nordea Asset Management told reporters over the weekend that it planned to join “several different class actions” against Volkswagen. The emissions fixing scandal has left investors with billions of […]Next
Rambler buys part of the software development company UCS. The amount of the agreement at the moment were not disclosed. UCS is the owner or service that controls cafes and hotels, and theater ticket reservation system. The acquisition will make Rambler the first Internet company with applications for business and entertainment in b2b and b2c […]Next
Next year, Ukraine may face a number of macroeconomic risks that will greatly affect economic growth. The Ministry of Finance listed these risks. In particular, Ukraine may lose 0.6-0.8 percentage points of GDP growth due to too low grain yields, due to which the budget will not receive UAH 8.5 billion. At the same time, […]Next
The German budget airline, which is one of the subsidiaries of the Lufthansa Group, will launch flights from Dusseldorf to Kiev on September 1. Data on the airline’s website indicate this. It is noted that the airline will operate flights on Mondays, Wednesdays and Fridays. Departure from Germany is scheduled at 11:30 (local time), arrival […]Next
The stevedoring company “Brooklyn-Kiev” is going to invest $ 200 million in the construction of a grain terminal in the port of Ilyichivsk. This is stated in the message of the seaport. “Brooklyn-Kyiv” emphasizes that the company comes into the port of Illichivsk not only with the investments, but also with its know-how in the […]Next
The low-cost airline Ryanair plans to expand in Ukraine if the open skies agreement with the EU is approved in the coming months. CEO Michael O’Leary stated this. O’Leary predicts the signing of an agreement between Ukraine and the EU by the end of 2021. “One of the markets I would single out is Ukraine. […]Next
Naftogaz states that in the first quarter of 2021 they received a net profit of UAH 12.6 billion against UAH 3.2 billion a year earlier. The group’s CFO Petrus van Drill said so. “I am pleased to announce that the net profit in the first quarter of 2021 is UAH 12.6 billion (unaudited preliminary result, […]Next
Johnson & Johnson has found a batch of coronavirus vaccine that does not meet quality standards, the company said. Supplier Emergent BioSolutions at a plant in Baltimore manufactured the batch. This batch was not poured into ampoules and was not admitted to the final stages of production, the report said. Against this background, shares […]Next
“Metinvest Holding” LLC, the management company of the largest Ukrainian mining and steel group “Metinvest”, filed a lawsuit to the Alchevsk Metallurgical Plant (ALMK, registered in Severodonetsk, Luhansk region), included in the corporation “ISD” and “Metinvest-SMC” LLC on totaling more than 5.8 billion UAH. The Commercial Court of Kiev began the production and adopted a […]Next
In the retail market development in Ukraine and the world retail market there is radical alterity. While the latter is actively developing, Ukrainian began to show some improvements only in 2016. On the prospects of the global sector and the domestic situation shed light Ukrainian company Deloitte, which provides audit areas, tax, consulting and corporate […]Next
Ukraine is known as an active exporter of grain, ferrous metals and other raw materials. However, a smaller proportion of people know that we are also engaged in the export of diamonds, sugar, such as washbasins. Delo.ua source has published a list of countries that bought Ukrainian products most actively in the past 2016 year […]Next
Former head of Ukrzaliznytsia Volodymyr Zhmak filed a lawsuit demanding that the company’s order to terminate his employment contract be declared illegal. This was reported by Interfax-Ukraine with reference to the materials of the court proceedings №2 / 761/9699/2021, which were published in the Unified Register of Court Decisions. Zhmak asks to reinstate him as […]Next
Ukraine received a $ 350 million loan from the World Bank. “The funds came to Ukraine,” the agency said. The loan was obtained for the systemic project First Loan for Development Policy in the Field of Economic Recovery. The money should be used for economic development during the pandemic, social support for vulnerable groups and […]Next
Company Guild Esports of David Beckham, specializing in cybersport, announced plans to place its shares on the London Stock Exchange in the autumn of 2020. During the IPO, the company expects to raise 20 million pounds ($ 25.86 million). It is estimated that it will be valued at 50 million pounds. The resulting funds Guild […]Next
The largest producer of oil Kernel increased its sales of sunflower oil for 7%, grain – felled by 6% in the II quarter of the 2016 fiscal year. Kernel, one of the largest Ukrainian agricultural groups, in the second quarter of fiscal year 2016, which began in July 2015, reduced its grain sales by 6% […]Next
The American corporation Google, following other American companies Twitter and Facebook, suspended data requests from the Hong Kong authorities after the new Chinese law entered into force on this autonomous territory. “Last Wednesday when the law went into effect, we suspended any new data requests from the Hong Kong authorities. We will continue to study […]Next