The number of bankrupt companies in the European Union in the second quarter of 2024 increased by 3.1% compared to the previous three months, according to the EU Statistics Office. The increase in the number of insolvent companies was recorded in construction (+3.8%), financial sector (+2.6%), trade (+2.4%) and industry (+1.6%).
At the same time, their number decreased in education and social activities (-1%), in the hotel and catering sector (-1.1%), in transportation (-1.6%), and in information and communications (-4.8%).
At the same time, the number of business registrations in the European Union fell by 2.1% compared to the first quarter, with declines in all sectors of the economy.
The largest declines were recorded in trade (-4.7%), industry (-3.6%), and education and social activities (-3.4%), with the smallest decline in finance (-0.7%).
Recently, the Experts Club information and analytical center released a video about the history of defaults and a table of countries that may face the risk of default in the medium term. For more details, see the video on Experts Club’s YouTube channel:
On September 18, 2024, the 64th auction of Ukrainian Collectible Art will start at Goldens auction house. The selection represents works by Ukrainian artists of different time periods – from the late nineteenth century to the late twentieth century – and brings together rare works by masters whose work has become an integral part of the cultural heritage of Ukraine and Europe.
In total, the auction features over 40 lots – a unique collection of collectible works by artists of various art schools and movements. It is important to note that many of the works presented have been published in books and albums, and some of them have been exhibited in group or solo exhibitions, which certainly adds to the collection’s value. The auction exhibition and silent auction “Ukrainian Collectible Art” will start its work on September 18. The exhibition will be open until September 26 inclusive. Bids for the lots are accepted in the silent auction mode in the exhibition hall and on the website www.gs-art.com in the catalog section of the 64th auction. The final bidding of the auction will take place on September 26 (Thursday) throughout the day, and at 19:00 on September 26, bidding for the lots will be completed by step closing of the lots at the last current bid.
Among the prominent names of the Kyiv school, the auction will feature works by Anatolii Turovskyi, Mariia Prymachenko, Mykola Hlushchenko, and the Sixties artists Alla Horska and Viktor Zaretskyi. Anatolii Turovskyi’s works rarely appear on the art market and are always of interest to collectors. The names of Mariia Prymachenko, Mykola Hlushchenko, Alla Horska and Viktor Zaretskyi are among the pantheon of artists whose works add weight to any collection. The auction will feature a graphic work by Alla Horska from 1960 and a painting by Viktor Zaretskyi from 1986-1990, which is one of the highlights of the collection. In his “Date”, his unique style is most vividly expressed: a combination of modernism and Ukrainian national tradition, the dominance of drama and exquisite decorative elements.
The total area of residential buildings for which permits for construction works (new construction) were issued, at the end of January-June 2024 decreased by 7.7% compared to the same period of 2023 – to 2 million 45.5 thousand square meters, reported the State Statistics Service (Gosstat).
According to the statistical department, in January-June 2024, the total area of new construction of apartment buildings decreased by 8.7% compared to last year – to 1.96 million square meters. m. The number of apartments in apartment buildings declared at the start of construction decreased by 13.1% and amounted to 21.7 thousand.
According to the State Statistics Committee, the most new housing in the first half of the year was announced in Kyiv region: the total area of new housing construction amounted to 383 thousand square meters (8.3 thousand apartments).
Significant volumes of new housing were also declared in Lviv region – 327.6 thousand sq. m (4.7 thousand apartments), as well as in Ivano-Frankivsk region – 217.4 thousand sq. m (3.6 apartments). m (3.6 thousand apartments), Vinnytsia – 213.8 thousand sq. m (3.4 thousand apartments), Zakarpattya – 143.4 thousand sq. m (2.1 thousand apartments) and Khmelnytskyi oblasts – 121.1 thousand sq. m (1.8 thousand apartments).
In Kiev in January-June 2024, the total area of new housing construction amounted to 187.9 thousand square meters (1.5 thousand apartments).
The State Statistics Service reminds that the figures are given without taking into account the territories temporarily occupied by the Russian Federation and part of the territories where hostilities are (were) conducted. As reported, the total area of new housing construction in 2023 decreased by 37% to 4.2 million square meters, while in 2022 amounted to 6.67 million square meters, in 2021 – 12.7 million square meters.
The Ukrainian government on Friday approved the draft state budget for 2025 with revenues (excluding official transfers and grants) of the general fund at UAH 2 trillion 7.4 billion and expenditures of the general fund at UAH 3 trillion 643.6 billion, the Finance Ministry said on its website.
“The forecast of state budget financing for 2025 provides for a reduction of the state budget deficit to 19.4% of GDP (in the current law on the state budget for 2024 – 20.6%), which corresponds to the indicators agreed with international partners,” the press release said.
According to it, with a projected deficit of UAH 1 trillion 640.6 billion, state borrowings of the general fund are planned in the amount of UAH 2 trillion 237.6 billion, including internal – UAH 579.2 billion and external – UAH 1 trillion 658.4 billion. “Not the entire volume of external borrowings has yet been confirmed by international partners – which requires further painstaking and perseverance,” the Finance Ministry pointed out.
The ministry specified that external financing is envisaged in the amount of $38.4 billion, privatization – UAH 3.2 billion, debt service of UAH 480.8 billion.
In the draft amendments to the state budget-2024 on the growth of general fund expenditures by UAH 434.6 billion, which the Verkhovna Rada adopted in early September, general fund revenues are envisaged in the amount of UAH 1 trillion 811.1 billion, expenditures – UAH 3 trillion 546.7 billion, deficit – UAH 1 trillion 846.1 billion, state borrowing – UAH 2 trillion 348.0 billion, including internal – UAH 742.0 billion, and total external financing – $41.3 billion.
DIM is one of the leaders in the capital region, constantly implementing and expanding the list of state housing programs at its facilities.
To the already popular programs “eHousing” and “eRestoration” in the eco-city Lucky Land, the opportunity to purchase real estate with cash compensation for the purchase of housing has been added. This became possible thanks to the Resolution of the Cabinet of Ministers of Ukraine No. 280 of April 18, 2018, which helps to provide housing for internally displaced persons who defended the independence, sovereignty and territorial integrity of Ukraine.
“Resolution No. 280 is extremely important for IDPs, as it provides a mechanism for receiving financial compensation for the purchase of housing, which is extremely important for people who have suffered from the actions of Russian invaders and lost their homes,” says Daria Bedia, Head of Marketing at DIM.
In order to receive financial compensation for the purchase of real estate under CMU Resolution No. 280, a potential buyer needs to follow several steps:
Meet the criteria of the resolution, namely, be an IDP who defended Ukraine.
Submit an application to the social security authorities at the place of residence on the housing register.
After reviewing the application and based on the submitted documents, the need for compensation will be assessed.
After the subvention is allocated, the applicant can receive compensation to a bank account opened at a branch of Oschadbank.
Next, the applicant contacts the Lucky Land sales office at 6 Berkovetska St., Kyiv, where our managers will help you choose the best housing for you and your family and support the transaction.
“LUCKY LAND is the best embodiment of the “city within a city” concept. A huge location next to a coniferous forest will allow you to breathe fresh air and live in harmony with nature. The entire space was designed by Archimatika, the country’s leading architectural firm. It is centered on a person, his or her lifestyle and development. Active entertainment or relaxation, shopping or meeting friends – all this is possible without leaving the territory of the complex.”
PJSC Kyivvodokanal and the Ministry of Environmental Protection and Natural Resources of Ukraine are preparing for the pollution coming along the Desna River to Kyiv, which is forecast to reach Kyiv region on September 14-16, but treatment facilities should cope with it, said the Minister of Environmental Protection and Natural Resources Svetlana Hrynchuk.
“If initially Ukrgidrometcenter predicted that the pollution will reach the water intakes of Kievshchyna somewhere on September 10-11, now this forecast has already shifted to 14-16. It should also be said that pollution is not recorded in Kyiv region,” she said on the air of the Unified National Telethon on Wednesday.
The Minister added that now the Department sees an improvement in the situation, water treatment facilities of the water channel should cope with this type of pollution.
“Also installed additional nets, additional such physical barriers to prevent and dead fish, in order to additionally not polluted,” – said Grinchuk.
According to her, the pollution recorded in the areas of the Desna River in Chernihiv region is no longer as homogeneous as it was before, and is fixed point by point.
According to Hrynchuk, to help all living things in the river, in particular fish, aeration units have been installed. Three of them worked in the Chernihiv area. It was decided to install two more such systems additionally from September 10.
“That is, to date the situation is controlled, we carry out constant monitoring and (take – IF-U) those measures that can improve the situation,” – summarized Hrynchuk.
