Business news from Ukraine

Business news from Ukraine

Ukraine’s women’s sabre fencing team wins gold at Olympics

Ukraine’s women’s sabre fencing team has won gold at the 2024 Olympics in Paris.
In the final, the Ukrainians defeated the Republic of Korea 45:42.
The Olympic champions in team sabre are: Olga Harlan, Alina Komashchuk, Olena Kravatska and Yulia Bakastova.
This is Ukraine’s third medal and first gold medal at the 2024 Summer Olympics in Paris.

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Number of unemployed people registered in public employment service as of 30.04.2024 (in thousands)

Number of unemployed people registered in public employment service as of 30.04.2024 (in thousands)

Source: Open4Business.com.ua

Portrait of a primary real estate buyer in war conditions – expertise from DIM Group of Companies

During the war, the Ukrainian market of primary real estate underwent significant changes. Experts note new trends in the behavior of buyers and shifting priorities in the choice of housing. However, the general portrait of the primary real estate buyer remains conditionally divided into several categories, depending on financial opportunities, professional activity and individual needs.
Alexander Poltorak, brand manager of DIM group of companies, draws attention to the fact that buyers have become more demanding to the quality of construction and the timing of projects.
“Now buyers choose almost ready objects, often they are resettlers who start a new life, – notes Poltorak, – They are picky in assessing construction standards and financial conditions, which allows to ensure stable demand”.
The expert notes that the war has significantly changed the behavior of buyers in the business class segment. If before the war investors actively invested in the early stages of construction, now most people choose housing at the final stages or already finished.


Our buyer today is a person who already has his own housing. A lot of transactions take place with regular clients or on recommendation from them. Clients are looking for favorable conditions, often use promotions and installments, even having the full amount to pay.
This approach reflects buyers’ caution in an unstable period, when confidence in the project and the developer’s readiness to complete the object play a crucial role.
According to the expert, about 65% of buyers in the company’s projects are families aged 25 to 45 years old, which represent the capital’s middle class. Among them there are a lot of IT-specialists, company tops, lawyers, business representatives.
About 15% of buyers are investors who consider real estate as a way to preserve or increase their wealth.
However, the behavior of customers during the war has changed: if earlier transactions were closed in a few weeks, now the process can last from a month to six months. The information background and the frequency of shelling in the capital significantly influence the decision of buyers.

Rains in almost all regions of Ukraine in coming days

On Sunday, rains are expected in Ukraine, sometimes thunderstorms, at night in Chernihiv and Sumy regions, sometimes significant rains; during the day in the western, Zhytomyr and Kyiv regions, in some places, light rain, the Ukrainian Weather Center reports.

Southwest wind with a transition to northwest, 5-10 m / s, in the southern regions gusts of 15-20 m / s in some places.

Temperature at night 17-22°, in the western and northern regions 12-17°; during the day 22-27°, in the southeastern part 27-32°.

In Kyiv on August 4, it will rain at night, no precipitation during the day.

The wind will be mostly northwest, 5-10 m/s.

The temperature at night will be 15-17°, during the day 23-25°.

According to the Borys Sreznevsky Central Geophysical Observatory, on August 4, the highest daytime temperature in Kyiv was 37.7° in 2010, the lowest nighttime temperature was 8.5° in 1907.

On Monday, August 5, in Ukraine, in the eastern, southern, afternoon and western regions, rains with thunderstorms; in the rest of the country, no precipitation.

The wind is mostly northwest, 5-10 m / s.

Temperature at night 12-17°, in the south 15-20°; during the day in the western regions 18-23°, in the southern part, 25-30°, in the rest of the territory 22-27°.

No precipitation in Kyiv on August 5. The wind is mostly northwest, 5-10 m / s.

Temperature at night 15-17°, during the day 24-26°.

Number of unemployed in Ukraine and job opportunities, May 2023 – May 2024

Number of unemployed in Ukraine and job opportunities, May 2023 – May 2024

Source: Open4Business.com.ua

“Ukrenergo” is working with Poland to increase electricity supplies to Ukraine in autumn and winter

NPC Ukrenergo, together with Poland, is working to increase the technical capabilities and volumes of electricity supplies to Ukraine in autumn and winter, said Volodymyr Kudrytskyi, Chairman of the Board of the NPC.
“We continue to work not only on repairs and development of protection, but also on finding solutions to attract more electricity to Ukraine from Europe. In particular, we are actively working with the Polish side to increase the technical capabilities and volume of electricity supplies to Ukraine in the fall and winter. We are working on options to compensate for the deficit caused by Russian attacks,” he wrote on his Facebook page on Friday evening.
Kudrytsky noted that he would provide more details when agreements are reached.
He also emphasized that Ukrenergo has not imposed any restrictions on electricity consumption for almost a week now, as there is enough electricity in the system to meet all needs.
Also, according to him, the dispatch center does not plan to cut power this weekend. “This is an important relief for all Ukrainians, but I have to remind you that we have no right to relax: the damage to the power system is significant, and we still face challenges. The heat above 30 degrees may still return, and then the situation in the power system may change. Please follow our messages and those of your regional power distribution companies,” emphasized the CEO.

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