Business news from Ukraine

Business news from Ukraine

Ukrainian Defense Minister: We want to develop world-class militarized products

Minister of Defense of Ukraine Rustem Umerov, speaking about the development of the domestic military-industrial complex, said that the visa of Ukraine is to develop a world class of militarized products and services.

“My task is to build a path to victory as a ministry. And now there are several directions regarding the defense-industrial complex. Our vision is to develop a world class of militarized products and services – I’m talking about the defense industry,” Umerov said at a panel discussion at the International Forum of Defense Industries.

The minister noted that Ukraine wants to produce militarized products and services of very high quality that can be scaled up and “cover all of Ukraine’s needs now.”

“And further already after the end of the war to export it,” Umerov emphasized.

In Kiev on October 1, a little short-term rain

In Ukraine on Sunday, October 1, in the northern, Vinnytsia, at night and western regions, in some places is expected a little short-term rain; in the rest of the territory without precipitation, reports Ukrhydrometcenter.

The wind is predominantly north-westerly, 5-10 m/s, in the western regions in some places gusts of 15-20 m/s.

The temperature at night is 9-14 °, in Crimea and on the seashore 15-20 °; in the afternoon in the western and northern regions 16-21 °, in the rest of the territory 22-27 °.

In Kiev on October 1, a little short-term rain. The wind is northwest, 5-10 m/s.

The temperature at night is 12-14°, during the day about 20°.

According to the Central Geophysical Observatory named after Borys Sreznevsky in Kiev. Borys Sreznevsky in Kiev on October 1, the highest daytime temperature was 26.5° in 1927, the lowest nighttime temperature was -1.9° in 1881.

Monday, October 2, in Ukraine without precipitation.

The wind is north-westerly, 5-10 m/s.

The temperature at night 8-13, in the south 11-16, in the western and northern regions 5-10; in the afternoon 15-20 °, in the south and east 18-23 °.

In Kiev on October 2 without precipitation. The wind is northwest, 5-10 m/s.

The temperature at night is 8-10 ° warm; in the daytime 18-20 °.

Ukraine banned trading in shares of 39 joint-stock companies

The National Commission on Securities and Stock Market (NSCM) banned trading in shares of 39 joint-stock companies of public interest, which are located in the controlled territories and have not held annual general meetings of shareholders on the results of 2021 and 2022.

“To prohibit from 00 h. 00 min. 26.09.2023g. trading in shares of joint-stock companies listed in the annex to this decision, namely: the execution by investment firms of transactions with shares of these joint-stock companies, related to the transfer of rights to securities and rights on securities,” – stated in the decision of the NCSSM № 1064 of September 25.

The JSCs included, in particular, “ArcelorMittal Kryvyi Rih” (AMKR), “Kryvyi Rih Iron Ore Combine” (KZhRK), “Kryvbasvzvzryprom”, “Pokrovsky GOK”, “Kremenchug Steel Works”, “Hemoplast, Dniprovsky Iron and Steel Works, Sumykhimprom, Nasosenergomash, Dniproazot, Azot and Rivneazot, Sumy Machine-Building NPO, Dniprotyazhmash, and Odessa Brandy Factory.

They also include Lviv Iskra Electric Lamp Plant, Borschagovsky Chemical and Pharmaceutical Plant (BCPP), Inter TV Channel, Novokramatorsk Machine-Building Plant (NKMZ), and Concern Khlebprom, “Concern Galnaftogaz, Bilotserkivska TPP, Naftogazvydobuvannya, Elba, Prosto-Strakhovanie, IC Vona, IC Omega, Eximnaftoprodukt, Odessnaftoprodukt, and Tatarbunarsk ATP No. 15143.

The list also includes Volynoblenergo and Ternopoloblenergo, as well as seven regional gas companies: Poltava, Vinnytsia, Kirovograd, Rivne, Volyn and Chernivtsygaz.

According to the regulator, the JSCs are in a situation when further circulation of their securities will violate the rights of investors.

National depository of Ukraine, self-regulatory organizations UAIB and PARD, as well as trade organizers are instructed to inform the Commission about the implementation of this decision within three days.

Source: https://www.nssmc.gov.ua/document/?id=13873320

International Atomic Energy Agency supported Grossi’s appointment as director general for another 4 years

The general conference of the International Atomic Energy Agency (IAEA) on September 25 supported the appointment of Rafael Grossi as the agency’s director general for the next four years, namely from the beginning of December 2023.

According to the board’s decision at the 67th session of the general conference in Vienna, the conference particularly recognized Grossi’s efforts to ensure nuclear safety in Ukraine.

“I am honored to have been appointed by unanimous decision of the board to serve another term in office, and I am very grateful for the trust that member countries continue to place in me as chairman of this truly remarkable organization,” Grossi said.

He said, “This comes at a time when we face many serious challenges, and I am fully committed to continuing to do everything in my power to fulfill the IAEA’s important mission in support of global peace and development.”

Industrial production in Ukraine decreased by 2.9% in first half of 2023

Industrial production in Ukraine in the first half of 2023 decreased by 2.9%, while last year during this period the decline amounted to 31.9%, the State Statistics Service (Gosstat) has reported.

The agency specified that since March this year has been recorded growth in industrial production: after a jump of 51.2% in March, the recovery slowed to 18.2% in April, 17.9% in May and 13.7% in June.

At the same time, a 40% and 34.4% drop to pre-war January and February 2022, respectively, caused a generally negative result for the half-year.

State Statistics Service specifies that the data are given without taking into account the temporarily occupied territory of Crimea and Sevastopol, as well as part of the temporarily occupied territories in Donetsk and Luhansk regions.

By sector, the statistical office recorded the largest decline – 11.4% – in the supply of electricity, gas and steam in January-June this year, while in the extractive industry it amounted to 9.2%.

Metal ore mining fell the most – by 28.7%, while oil and gas – by only 2.7%, and in coal mining even recorded a slight increase of 0.8%.

In general, the production in the processing industry increased by 3.1% in the first half of the year.

This indicator was provided by the production of motor vehicles – 29.9%, machine building – 12.9%, food industry — 12.1%, production of furniture, repair and installation of machinery – 11.6%, production of rubber and plastic products – 6.5% and woodworking industry – 4%.

The biggest decline in the processing industry was shown by the production of coke and refined petroleum products – 51.4% and metallurgy – 20.9%.

In nominal terms, Ukraine in January-June 2023 realized industrial products (goods, services) worth 1549.66 billion UAH, which is 6.5% more than in January-June 2022 (1455.125 billion UAH), including outside the country – in the amount of 282.363 billion UAH.

According to its data, in June-2023 compared to June-2022, the turnover of realized mining and processing industry increased by 35%.

In the total sales of industrial products for the first six months of 2023, the largest specific weight came from the processing industry (56.2%), supply of electricity, gas, steam and conditioned air (31.3%), mining and quarrying (11.4%), and another 1.1% was water supply, sewerage and waste.

As reported, industrial production in Ukraine in 2022 fell by 36.9%, while in 2021 there was an increase of 1.9%.
Earlier, the research project Experts Club and Maxim Urakin released an analytical video about the economy of Ukraine and the world – the experts club and Maxim Urakin.

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Ukraine’s retail trade turnover grew by 7.3% in January-June

Ukraine’s retail turnover in January-June 2023 in comparative prices increased by 7.3% against the same period of 2022, the State Statistics Service (Gosstat) said.

According to the statistical Department, in June this year recorded an increase in retail turnover to June last year by 23.3%, which is slightly less than the indicator in May, when it was 24.3%.

Gosstat specifies that the turnover of retail trade enterprises (legal entities) in the first half of 2023 increased in comparative prices in relation to the first half of 2022 by 4.9%.

Including in June 2023, the growth amounted to 19.1% compared to 20.7% in May.

According to the State Statistics Committee, in nominal terms, the turnover of retail trade in Ukraine in January-June 2023 amounted to UAH 820.9 billion, and retail trade enterprises – UAH 553.6 billion.

Gosstat reminds that the data are given without taking into account the territories temporarily occupied by Russia and part of the territories where hostilities are (were) conducted

As reported, in 2022, retail turnover in Ukraine fell by 21.4%.