Business news from Ukraine

Business news from Ukraine

UN: WAR IN UKRAINE KILLS AT LEAST 4,339 CIVILIANS

Civilian casualties from February 24, when Russia started the war against Ukraine, to 24:00 June 9 amounted to 9,585 civilians (a day earlier – 9,519), including 4,339 dead (4,302), reports the Office of the UN High Commissioner for Human Rights (OHCHR) on Friday.

“OHCHR believes that the actual figures are much higher as information is delayed from some areas of heavy fighting and many reports are still awaiting confirmation,” the UN data document notes.

According to him, this applies, for example, to Mariupol (Donetsk region), Izyum (Kharkiv region) and Popasna (Luhansk region), where there are reports of numerous civilian casualties. They are subject to further verification and are not included in the above statistics.

“The majority of civilian deaths or injuries were caused by the use of explosive devices with a wide area of effect, including shelling from heavy artillery and multiple launch rocket systems, as well as rocket and air strikes,” the report says.

According to confirmed UN data, 1,646 men, 1,098 women, 105 boys and 102 girls died, while the sex of 67 children and 1,321 adults has not yet been determined.

Among the 5,246 injured were 151 boys and 120 girls, as well as 172 children whose gender has not yet been determined.

Compared to the report the day before, two children were killed and four more were injured.

OHCHR indicates that in Donetsk and Luhansk regions, as of midnight on June 10, there were 2,370 (2,339) dead and 2,328 (2,326) injured in government-controlled territory, and 157 (154) dead and 662 (653) injured in territory controlled by self-proclaimed “republics”.

In other regions of Ukraine under government control (in Kyiv, as well as in Zhytomyr, Zaporozhye, Kyiv, Sumy, Odessa, Mykolaiv, Kharkiv, Kherson, Dnepropetrovsk, Cherkasy and Chernihiv regions), the UN recorded 1812 (1809) dead and 2256 (2238) wounded .

The summary has traditionally stated that the increase in figures from the previous summary should not be attributed only to the cases on June 9, since during this period the Office verified a number of cases from previous days.

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PRESIDENT OF UKRAINE TO TAKE PART IN NATO SUMMIT ON JUNE 28-30

President of Ukraine Volodymyr Zelensky will take part in the NATO summit, which will be held in Madrid on June 28-30, Deputy Secretary General of the North Atlantic Alliance Mircea Geoană said in an article in the Italian edition of La Reppublica.

According to him, the leaders of Australia, New Zealand, South Korea and Japan will speak at the allied summit for the first time.

“The meeting ‘one way or another’ will be attended by President of Ukraine Volodymyr Zelensky,” Geoană was quoted as saying in the article.

He also noted that the summit would be truly transformative.

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UKRAINE’S GDP FELL BY 15.1% IN FIRST QUARTER 2022

Real gross domestic product (GDP) of Ukraine in the first quarter of 2022 fell by 15.1% compared to the first quarter of 2021 after growing by 6.1% in the fourth quarter of last year, the State Statistics Service published such a preliminary estimate on Thursday.

According to her, compared with the previous quarter (seasonally adjusted), GDP fell by 19.3%.

According to the State Statistics Service, in 2021, Ukraine’s GDP grew by 3.4% after a decline of 3.8% in 2020, its nominal volume amounted to about $200 billion.

The Ministry of Economy estimated the decline in GDP in the first quarter of this year at 16%. According to the World Bank, which predicts a decline in the Ukrainian economy this year by 45.1%, the Ukrainian authorities expect it to decline by 44%.

FRENCH PERFUME HOLDING BUYS BROCARD

The French perfume holding Philippe Benacin Holding has acquired the companies that own the Ukrainian chain of stores Brocard and the distributor of beauty products Hexagone, the Association of Retailers of Ukraine (RAU) has reported.

According to her, the holding completed the acquisition of Brocard-Ukraine LLC and Egzagon LLC on May 23, 2022.

According to the report, since 2010, Brocard-Ukraine has been owned by an offshore Cypriot holding company with Russian owners, and the ultimate beneficiary of the Brocard-Ukraine and Egzagon companies was the owner of the Russian network L’Etoile, Tatyana Volodina.

The new owner of the companies intends to continue further development of the Brocard Ukraine trading network, according to a letter from the network to partner companies, which the Association has.

By the beginning of 2022, the Brocard network consisted of about 100 stores in 26 cities of Ukraine. The company’s staff was 1.8 thousand people. According to the company, the total turnover of the network in 2020 amounted to UAH 4.126 billion.

The founder of Philippe Benacin Holding, Philippe Benacin is also a co-owner of Interparfums, a company engaged in the development, production and distribution of perfumes and cosmetics.

WORLD BANK WILL ALLOCATE ADDITIONAL FINANCING FOR UKRAINE IN AMOUNT OF $1.49 BLN

The World Bank’s Board of Executive Directors has approved additional funding for Ukraine in the amount of $1.49 billion as part of the Public Expenditure Support for Sustainable Governance in Ukraine project, the bank said on its website on Wednesday night.

“The funds from this project will be used to pay the salaries of civil servants and teachers,” the release notes.

According to him, the project received financial guarantees from the UK, the Netherlands, Lithuania and Latvia; parallel funding from Italy and expected future guarantees including Denmark.

The project is also co-financed by contributions to a new multi-donor trust fund (MDTF) from several countries, including Switzerland.

“The World Bank Group continues to take swift action to support Ukraine and its people during the war that is destroying the country,” World Bank Group President David Malpass was quoted as saying.

According to him, the World Bank is working with donor partners to mobilize the necessary financial support and using the flexibility of various existing financial instruments to help provide Ukrainians with continuous access to medical services, education and social protection.

“Sustaining these essential services and the government’s ability to provide them is important to prevent further deterioration of living conditions and poverty in Ukraine, given the suffering already caused by the war,” said Arup Banerjee, WB Regional Director for Eastern Europe. He added that maintaining effective government capacity will be the foundation of any recovery and reconstruction in the future.

The bank recalled that this new financing is part of a support package of more than $4 billion that the WB is mobilizing, and about $2 billion of these funds have already been disbursed.

Since Ukraine joined the World Bank in 1992, the bank’s commitments to the country have reached almost $16 billion in about 90 projects and programs, including the project adopted today.

UN SECRETARY GENERAL EXPECTS TO REACH DEAL ON SUPPLY OF GRAIN FROM UKRAINE

UN Secretary General António Guterres expects to reach a deal on the supply of grain from Ukraine, his representative Stefan Duzhzharik said at a briefing on Tuesday.

“The Secretary General is determined about a deal on the supply of grain from Ukraine and also on the export of food and fertilizers from Russia. Efforts are ongoing,” Duzhzharyk said.

He noted that the UN will not disclose the details of the situation while negotiations continue.