News

On 29 June, the Verkhovna Rada of Ukraine ratified the Agreement between Ukraine and the European Union on participation in the EU’s Single Market Programme. 

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On June 16, the Cabinet of Ministers of Ukraine approved the draft Law of Ukraine "On Amendments to the Customs Code of Ukraine and other laws of Ukraine on unification of military equipment and other goods declaration procedures to European and North Atlantic standards". The bill was developed to implement the Government's Priority Action Plan for 2023 and will be sent soon to the Verkhovna Rada for consideration.

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Such loans have already financed or will finance the implementation of export agreements for the amount of 1,41 billion UAH.

In general, since the launch of export credit insurance in ECA, banks have provided exporters with financing in total 670,5 million UAH, which allowed the business to ensure the implementation of export transactions for the amount of 4,63 billion UAH.

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The volume of exports of grain and leguminous crops from Ukraine in the 2022/23 marketing year as of June 16 amounted to 47,5 million tons, which is 1% less than the indicator last season. 

So, wheat from the beginning of the season sent more than 16,3 million tons, which is 13% less than last year's volume.

The supply of barley to foreign markets amounted to 2,7 million tons (-53%).

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Ukraine in January-May 2023 year has imported 13 thousand tons of cheese worth $77,9 million. In particular, in May, 2,8 thousand tons of cheeses were imported from abroad, for which $16,5 million was spent.

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The Cabinet of Ministers of Ukraine at the meeting on June 19 agreed to establish LLC the “Ukrainian-African Trade Mission” at the request of the Ministry of Agrarian Policy and Food.

The authorized capital of the new company will be 1 thousand UAH, it will 100% belong to the state represented by the Ministry of Agrarian Policy.

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Dr. Andrew Forrest, an Australian businessman and head of Tattarang, will invest $500 million in Ukraine Development Fund (UDF).

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Ukraine for the first three months  of 2023 year has sold abroad almost 16 thousand tons of honey worth 41 million  US dollars  mainly to the European countries - Germany, Poland and Belgium.

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Ukraine's trade turnover in January-May this year amounted to 41,9 billion US dollars, which is 4% more than in 2022. 

During the reporting period, goods worth 25,4 billion US dollars were imported to Ukraine, and exported - 16,5 billion US dollars.

The three most exported goods from Ukraine included:

food products - 10,1 billion US dollars; 

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Ukraine under the Connecting Europe Facility (CEF) program implements 6 development projects of the western border. They were prepared jointly with Poland, Romania, Hungary and Slovakia.

The total cost of projects approved by the European Commission is more than 200 million euros.

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