News

The Ministry of Economy of Ukraine presented a catalog of industrial parks, which will help enterprises to find partners or a place with an equipped infrastructure where they can place their production facilities, as well as attract new investments.

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On May 13, the Council of the European Union decided to suspend import duties and quotas for Ukrainian exports to the EU for another year. As stated in the notification of the Council of the EU, the autonomous EU trade measures for Ukraine will be applied from June 6, 2024 to June 5, 2025 and will refer to the long-term suspension of all unpaid customs duties and quotas in accordance with Chapter IV of the Association Agreement between Ukraine and the EU.

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On May 14, the Cabinet of Ministers has created the Strategic Investment Council to manage the formation of benefits for the implementation of public investments, developed in accordance with the Government-approved Roadmap Program for reforming public investments.

The task of the council is to form a single project portfolio of public investments, to enhance their effectiveness, to develop proposals for improving the legislation.

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President V. Zelenskyy signed Law №3613-IX on amendments to the Customs Code of Ukraine regarding the customs clearance of biomethane.

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In January-April 2024, Ukraine has exported 36,43 thousand tons of dairy products, which is 42% more in natural volumes compared to the same period in 2023.

At the same time, the monetary revenue for exported dairy products mostly remained at the level of last year's period (+0,12%) and amounted to 70,46 million US dollars in the first quarter of 2024.

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This year, more than 4 million US dollars is planned to be invested in the production facilities of PJSC "Cherkasy Hlibokombinat".

Andrii Tabalov, the chairman of the supervisory board of PJSC "Cherkassky Hlibokombinat" said during the "Bread Industry 2024" conference.

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Ukrainian turnover for January-April 2024 was 35,3 mln US dollars. During January-April 2024, Ukraine imported goods in the amount of 21,9 billion US dollars, and exported goods in the amount of 13,4 billion US dollars. Taxed imports amounted to 19,0 billion US dollars or 87% of the total volume of imported goods. The tax burden on 1 kg of taxed imports in January-April 2024 was 0,50/kg US dollars, which is 9% more than in the same period of 2023.

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The Ministry of Finance of Austria opened a special credit fund in the Austrian Control Bank (OeKB) for the total amount of 500 million euros with the aim of supporting export operations with Ukraine during the next 5 years.

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The reconstruction of the "Reni" crossing point has been completed, which makes it possible to implement joint customs and border control with Moldova. "Now, trucks on their way to the Romanian Port of Galați will make fewer stops for control procedures. We expect that the carrying capacity of "Reni" will increase by at least two times - up to 100 trucks will cross it per day," - said Serhiy Derkach, Deputy Minister of Community Development, Territories and Infrastructure.

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The complete unlocking of checkpoints on the Ukrainian-Polish border has already had positive results, including an increase in the cargo flow of agricultural products from Ukraine by 20%.

Logistics is a very important part of the final cost of sales and delivery of products. The cheaper the logistics, the higher the price the Ukrainian farmer will receive and the more resources he will have to continue his work.

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