News

In five months of 2024, the Export Credit Agency of Ukraine (ECA) supported UAH 2,93 billion of exports. And one hryvnia of EKA insurance liability brought 11.15 hryvnias of future export revenue.

Since the beginning of the year, exporters from Kyiv (1,15 billion of supported exports), Lviv region (1.1 billion UAH) and Vinnytsia (243 million UAH) have most actively used ECA insurance. In May, the top three regions looked like this:

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Over the past 6 months, elevator prices have increased: by 38% for grain crops and by 14% for oilseeds compared to the same period last year. Prices in Ukrainian ports have also increased, but not so significantly, because the cost of logistics remains quite high.

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According to the results of May 2024, Ukrainian metallurgical companies increased the export of semi-finished products by 40,1% compared to the previous month - to 184,98 thousand tons. Compared to May 2023, the indicator increased by 21,8%.

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Since June 6, the EU extended for another year the exemption from customs duties on the import of agricultural products from Ukraine, adopted in 2022.

The European Commission subjected the import of Ukrainian oat to the terms of the trade agreement valid since 2016 until June 5, 2025.

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The President signed draft laws № 10168-2 and № 10169-2, which improve the implementation of foreign economic operations for the export of certain goods.

The laws provide implementation of the mechanisms that minimize opportunities for abuse during the export of agricultural products, which will ensure greater foreign exchange revenues for the state and will positively affect the stability of the national currency.

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Ukraine will resume a weekly ferry connection between the Black Sea port and Batumi, Georgia. The first trip is scheduled for July 9 and will last 60 hours to and 69 hours from.

Ukraine will renew ferry connections with Georgia across the Black Sea. As stated on the website of the carrier UkrFerry, the first flight is scheduled for July 9, UNN reports.

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On June 19, at the invitation of the Deputy Prime Minister for European and Euro-Atlantic Integration of Ukraine Olha Stefanishyna, the Ministers for European Affairs of Germany and Poland arrived in Kyiv. 

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The EBRD will provide about 400 million euros for the renewal of the electric locomotives for Ukrzaliznytsia and the recovery of the network of Ukrposhta branches, in particular, the installation of new container-type post offices in the affected and de-occupied territories.

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The import of eggs from Ukraine has reached a level where the European Commission is forced to apply "emergency braking". A decision will be approved within the next two weeks.

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In January-May 2024, Ukraine has exported 6,7 thousand tons of frozen cattle meat, which is 29,5% less than in the same period last year.

In monetary terms, export reduced by 24,7% compared to the first five months of 2023 up to 28,4 million US dollars.

The main buyers of Ukrainian frozen cattle meat during the five months of this year were China (37,3%), Azerbaijan (36,3%) and Georgia (9,5%).

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