Page 62 - UKRRptNov18

Production of sugar in Ukraine in the 2018-2019 marketing year (September-August) could decrease by 11.2% compared to the previous marketing year , to 1.9mn tonnes, according to Ruslana Butylo, the head of the analytical department of the National Association of Sugar Producers Ukrtsukor. "The domestic market of Ukraine, according to various estimates, is 1.3mn-1.4mn tonnes, while the production is expected to be at the level of 1.9mn tonnes," Interfax news agency quoted Butylo as saying. He added that the association forecasts Ukraine's exports at the level of the previous year — at 500,000-600,000 tonnes. "As we see, sugar will be enough for both domestic consumption and for external supplies," he added. In the 2017-2018 marketing year, sugar production increased by 6.5% y/y to 2.14mn tonnes. Some 46 sugar refineries were in operation during that season. In September, Ukraine's parliament, the Verkhovna Rada, greenlighted in the second reading a bill aimed at deregulating the lucrative sugar industry. The document abolishes the regulations on the control of production and sale of sugar, which resulted in restrictions in the supply of sugar to the domestic market (quota A) and set a minimum price for sugar and sugar beets, according to Interfax news agency. Ukrtsukor believes that due to the changes on the domestic and global sugar markets in recent years, the need for administrative regulation "has lost relevance".
The production of milk in Ukraine (excluding Crimea, Donbas) in January-September 2018 declined by 2% compared to the same period in 2017, to 7.908 million tonnes.
Egg production in the first nine months grew by 3.1% compared to the same period in 2017, to 12.484 billion eggs, the State Statistics Service of Ukraine said.
Production of meat (in live weight) in January-September 2018 grew by 0.3%, to 2.276 million tonnes.
According to earlier statistics reports, milk production in Ukraine in 2017 decreased by 0.5% from 2016, to 10.329 million tonnes, meat (in live weight) by 0.4%, to 3.259 million tonnes. Production of eggs in 2017 rose by 3.2%, to 15.578 billion eggs.
9.1.7 TMT sector news
Ukraine’s IT industry grew by 30% during the first half of the year, a growth rate derived from a 30% growth in tax payments through June, year over year, according to Ihor Beda, president of IT Ukraine and managing director of GlobalLogic in Ukraine. A poll by the industry association indicates that labour accounts for 80 to 85% of IT company costs and that revenue primarily comes from outsourcing work performed for companies from the US, Britain, Germany, Canada, Israel, Sweden and Switzerland. Looking ahead, IT Ukraine identifies challenges: work permits for foreigners, upgrading education to fit work place needs, eliminating obsolete regulations, and creating more techno parks.
Ukraine’s IT market is growing by 20% this year, on track to record $4bn in revenue , Balatsko of GlobalLogic IT told Interfax-Ukraine at last weekend’s IT Arena in Lviv. Referring to his company, he said: “We are growing faster
62 UKRAINE Country Report November 2018 www.intellinews.com