UKRAINE

Ukrainian Agrarian Council’s First Ukrainian Agricultural Cooperative report that sugar prices on the domestic market may increase due to the resumption of sugar exports from Ukraine to the European Union.
According to analysts, new trade liberalization agreements will give Ukrainian producers access to the EU market from January 1, 2025. It means that Ukraine will be able to export larger quantities of sugar to the European market without having to pay additional fees, which previously held back exports growth.
Analysts say that the opening of the EU market is an important event for our industry. Ukraine is only starting to conclude contracts on exports to Europe, but the pace of this work is expected to be picked up as soon as February-March. Ukrainian sugar has been actively exported to Turkey and African countries in January, but the European market is gradually becoming more important.
As analysts said, they sell sugar in Ukraine at a relatively stable price of UAH 23,000-24,500 per tonne, but seasonal factors and exports growth could make it gradually increase in the near future.
According to the analysts, there is a usual period of seasonal increase in sugar prices in January-May. The prices will obviously start to increase, as the current level of prices is one of the lowest. The dynamics will also be contributed by the opening of the European market.
NH Logistics UKR has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Ukraine and Eurasia, supporting many clients with their import/export shipments.

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According to Ukrainian media, a highly probable increase in imports caused by the disparity of prices for Ukrainian and European products may deprive Ukrainian cheesemakers of a substantial part of the domestic market.
The problem can be solved by lowering prices for Ukrainian cheese or a substantial devaluation of the hryvnia. The second way seems to be more realistic.
Overall, in 2024, imports of rennet cheeses grew up by 11% to 29,000 tonnes. An increase by 14% year-on-year to 4,600 tonnes was shown by purchases of processed cheeses in 2024 (a 25 percent decrease compared to 2021).
Simultaneously, the export of semi-hard cheeses increased by 9% to almost 7,000 tonnes in 2024. Exports of processed cheeses (together with the curd product) equaled to 4,200 tonnes ( a decreased by 4%).
The agency said that local cheesemakers need to prevent imports from becoming as significant as they were in 2021, when a large number of consumers maintained balance. Now it is simply impossible to compete with European goods by price in foreign or post-Soviet markets.

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Mihailo Jovanović, Director of the Office for IT and eGovernment reported that the total export of information and communication technology (ICT) services from Serbia for the period January to November 2024 surpassed the record set during the same period in 2023 and attained €3.712 billion.
Jovanović stated that the total export of ICT services has already exceeded the previous record year, 2023, in January- November 2024, while exports reached €3.44 billion, showing a 20% increase compared to the same period in 2023 and totally attaining €3.712 billion in the first eleven months of 2024. The projection that the figure of €4 billion will have been surpassed by the end of 2024 is supported by this data.
The announcement says that in November 2024 ICT service exports reached €371 million (a 20% increase compared to November 2023). In January – November 2024 the surplus in ICT services attained €2.916 billion.
NH Logistics SER has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Serbia and Eurasia, supporting many clients with their import/export shipments.

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First Deputy Prime Minister, Economy Minister Yulia Sviridenko told Robert Maersk Uggla, chairman of the Board of Directors of the Danish transport and logistics company A.P. Moeller-Maersk, at a meeting on the sidelines of the World Economic Forum in Davos, that Ukraine is planning to step up privatization and resume public-private partnerships, including concession projects at several ports.
Ukrainian media cited a statement posted by Sviridenko on a social network after the meeting claiming that the initiatives were aimed at upgrading transport infrastructure and improving trade logistics. The Minister also mentioned the invitation of Maersk to explore and support these options.
According to Sviridenko, investments in Ukraine’s transport sector had also been discussed.
One of the pre-crisis projects was a 35-year concession of Olvia port assets by Qatari QTerminals Olvia in December 2021. They estimated company’s investment at UAH 3.4 billion, and UAH 80 million was also supposed to be invested by the company in the construction of a tunnel under a rail line in the Korabelny district in Nikolayev.
As Former Deputy Prime Minster, Minister for Development of Communities, Territories and Infrastructure Alexander Kubrakov said at Ukraine Recovery Conference 2023 in London, interest in concession projects at the Chernomorsk seaport had been shown by five big companies.
NH Logistics UKR has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Ukraine and Eurasia, supporting many clients with their import/export shipments.

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