Business news from Ukraine

Business news from Ukraine

Ukraine’s human rights ombudsman meets Russian ombudsman for the first time

Ukrainian Parliamentary Ombudsman Dmytro Lubinets has met Russian Ombudswoman Tetyana Moskalkova.

“During the prisoner exchange, I met the Russian Ombudswoman Tatyana Moskalkova for the first time. The need for negotiations was in the humanitarian field. In particular, they talked about the need to intensify the repatriation of prisoners of war and the release of civilian hostages,” he wrote in his Telegram channel on Monday.

“We discussed the following points: The need for a visit to the colony in Olenivka by the Ukrainian and Russian sides and, if necessary, with the participation of a third party; the need for bilateral cooperation on many issues affecting the civilian population; the elaboration of ways to visit prisoners of war and inspect their places of detention, both on Russian-controlled territory and in Ukraine; the possibility for prisoners of war to call their relatives; a thorough search for missing persons; the reunification of families when children and parents are in different areas; the restoration of documents for refugees; and

At the end of the meeting, it had been agreed to send official letters on the implementation of the agreed human rights protection tasks. “I hope that the implementation of the agreed proposals will be a step to help our citizens!” – Lubinec said.

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Ukrainian businesses worsen expectations of inflation and devaluation in third quarter

Ukrainian businesses in the third quarter worsened expectations of inflation over the next 12 months to 25.2% from 21.7% in the previous quarter and worsened expectations of hryvnia devaluation to 41.93 UAH/$1 from 36.06 UAH/$1.

According to the results of the regular quarterly survey of business expectations of enterprises in the country, released on the NBU website on Monday, the business expectations index (BIE) of enterprises rose to 79.5 percent from 72.6 percent in the previous quarter, indicating a softening of negative economic sentiment.

The central bank explained that the increase was due to improved estimates for all components of the index, most notably for total sales of own-produced goods.

It is noted that companies expect a slowdown of decline in production of goods and services in Ukraine in the next 12 months: the balance of responses is “minus” 37.9% in the third quarter compared to “minus” 48.7% in the second quarter of 2022.

The majority of companies (52.4%) expect their financial and economic situation to remain unchanged in the next 12 months, 31.3% expect it to deteriorate and 16.2% expect it to improve.

According to the report, 31.7% of respondents expect a reduction in sales volumes (compared to 43% in the second quarter), including in foreign markets, while 44.4% expect the volumes to remain unchanged.

According to the survey, 32.9% of enterprises intend to reduce the number of employees, 59.7% – leave the staff unchanged.

Reduced expectations of companies to increase salaries of workers in the next 12 months: 41.4% of respondents plan to increase wages, 50.8% – to keep at current levels, 7.9% – to reduce.

The percentage of companies that plan to attract foreign investment fell to 22.2% from 24.1%, according to the survey.

Loans in local currency are planned to attract 86.3% of companies, while in the previous quarter this proportion was 84.6%.

A total of 642 companies from 21 regions participated in the survey of business expectations, which was conducted between 1st and 31st of August 2022. Among those surveyed, 18.2% were companies in the processing industry, 21.2% in wholesale and retail trade, 14.6% in agriculture, 13.2% in transport and communications, 6.4% in mining, 5.1% in electricity and water supply, 3% in construction and 18.2% in other sectors.

The EDI is an aggregate indicator regarding the expected development of enterprises in the next 12 months. Calculated based on the results of surveys of enterprises as an arithmetic means of the balances of responses regarding the financial and economic situation of enterprises, total sales of own production, investment spending on construction works, investment spending on machinery, equipment and inventory, and the number of employees.

An index value of more than 100 indicates an advantage of positive economic sentiment in society, below 100 – negative economic sentiment.

Expert Club speaks about announcements of main events from October 17 to 23

The Expert Club YouTube channel has released a new video dedicated to the announcement of the events that will take place in Ukraine and the world from October 17 to October 23, 2022. In the new issue, the founder of the Club of Experts Maksim Urakin and co-host Olga Levkun analyzed the main events planned for the coming days.
One of the main events in Ukraine this week will be the start of the IMF mission, the main goal of which will be the development of a new program of cooperation between the fund and Ukraine. Also this week, a number of events are expected to be dedicated to the restoration and development of the Ukrainian economy, the agro-industrial complex, science, education and other topics.
Among world events, a number of conferences in the field of economics can also be distinguished. The European Union will host high-level meetings, in particular of foreign ministers and leaders of countries, dedicated to the situation in Ukraine, energy issues and relations with China. Also next week, the start of the election campaign in Kazakhstan is expected.
The main event in the world of sports in the next 7 days will be the next stage of Formula 1. Read more about future sporting events on the Sport.ua portal. The full version of the video can be viewed at the following link:

You can subscribe to the Expert Club channel here: – https://www.youtube.com/channel/UC4plQ0XBaoLOKPIXrb1aMGQ

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The number of people leaving Ukraine from October 8 to 14 exceeded the number of arrivals

The flow to leave Ukraine through its western border from October 8 to 14 decreased by approximately 3 thousand compared to the previous week – to 250 thousand people, while the flow to enter fell immediately by 26 thousand – to 239 thousand, reported State Border Service on Facebook.

Thus, according to the agency, this week, with massive Russian rocket attacks for the second time since May 10, a net weekly outflow from the country was recorded – in the amount of 11 thousand people.

The previous time the number of those who left Ukraine for a week exceeded the number of those who entered two weeks ago, but then the net outflow amounted to 28 thousand people at once, and one of the possible reasons was the reaction to mobilization in Russia and “pseudo-referenda” in the occupied territories.

The number of passenger cars crossing the border this week fell to 125,000 from 133,000 a week earlier, while the number of vehicles carrying humanitarian cargo increased slightly from 485 to 494.

The return of the outflow from Ukraine – 15 thousand people per week – was confirmed this week by the Polish border service. According to her, the flow from Ukraine to Poland increased from 163 thousand people. a week earlier to 165 thousand, while the return flow from Poland to Ukraine decreased from 176 thousand to 150 thousand people.

In general, since the beginning of the war, 7.025 million people arrived in Poland from Ukraine, while 5.229 million people traveled in the opposite direction.

According to the State Border Service, during the week the largest influx to Ukraine was on Wednesday-Thursday – 7 thousand people each.

Another news this week was the record number of non-Ukrainian citizens who entered the country on October 14: according to the border agency, their number was about 10 thousand, while in the previous days of the war the record number was 6-7 thousand.

As reported, since May 10, the flow to enter Ukraine through its western border has consistently exceeded the flow to exit for almost a month every day. The net inflow during this time amounted to 188 thousand people. In the following weeks, there was no such clear trend, except for the week at the beginning of the new academic year, when the net inflow amounted to a record 47 thousand people.

However, in general, the statistics testified to the gradual return of Ukrainians home: the net inflow for the period from May 10 to September 23 amounted to 409 thousand people. However, over the past three weeks, the net outflow has reached 21 thousand people.

According to the UNHCR data, as of October 11, a total of 14.031 million people left Ukraine since the beginning of the war (excluding the flow to enter), of which 6.782 million went to Poland, 2.852 million people to Russia (data as of October 3), Hungary – 1.549 million people, Romania – 1.324 million people, Slovakia – 851.8 thousand people, Moldova – 654.4 thousand people, Belarus – 16.7 thousand people.

At the same time, according to the UN, from February 28 to October 11, 6.715 million people entered Ukraine (excluding data from Hungary, the Russian Federation and Belarus).

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China will not seek hegemony and expansion – Chinese Embassy in Ukraine

China will not seek hegemony and expansion in the world, instead, Beijing will focus on enhancing such universal values ​​as peace, development, equality, justice, democracy and freedom, the Embassy of the People’s Republic of China in Ukraine reports.

“China will never strive for hegemony and expansion, but will increase human values ​​such as peace, development, equality, justice, democracy and freedom. China will adhere to the full implementation of strict party discipline and promote the fight against corruption with zero tolerance and without the slightest connivance,” the embassy said in a statement dedicated to the opening of the 20th National Congress of the Communist Party of China.

It notes that the Congress was attended by 2,296 delegates on behalf of more than 96 million members of the CPC.

Xi Jinping, General Secretary of the CPC Central Committee, made a speech at the Congress, summarizing the major transformations and great achievements made in China over the past 10 years, including celebrating the centenary of the founding of the CPC, ushering in a new era of socialism with Chinese characteristics, and accomplishing the task of to combat absolute poverty and comprehensively build a moderately prosperous society.

“The report noted that China’s economic power has made a historic leap, with a total economic capacity of 18.5% of the world economy. The report presented the successful methods that China needs to follow for further development, and also described China’s grandiose plans and main political course for the development of China. for the next 5 years or longer, such as: improving the material condition and well-being of the people, improving their quality of life, promoting “green” development, increasing the importance of developing the state through science and education, building up state power through highly qualified personnel, as well as accelerating the creation world-class army,” the embassy stressed.

They note that, according to the report of the General Secretary of the CPC Central Committee, China will never seek hegemony and expansion in the world.

In addition, the report also clearly presented the central task of the Chinese Communist Party to lead the country’s multi-ethnic people unitedly on the road to building a “prosperous and powerful, democratic and cultural, harmonious and beautiful socialist modernized state, and through Chinese-style modernization to comprehensively promote great rejuvenation of the Chinese nation.”

“The China National Congress of the CCP, which is held every 5 years, is the most important meeting that pushes forward the building of the CCP, as well as development and reform in China. Since China has already successfully realized the first century goal of comprehensively building a moderately prosperous society and embarked on a new historical path to achieve the goal of the second century, this Congress is of paramount importance for the development of China,” the diplomatic mission concluded.

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Ukraine’s foreign trade deficit in January-August increased from $1.895 billion to $5.421 billion

The negative balance of Ukraine’s foreign trade in goods in January-August 2022 increased by 2.9 times compared to the same period in 2021 – to $5.421 billion from $1.895 billion, the State Statistics Service (Gosstat) reported on Thursday.

According to its data, the export of goods from Ukraine for the reporting period compared with January-August 2021 decreased by 30.8% – to $28.946 billion, imports – by 21.4%, to $34.367 billion.

The State Statistics Service clarifies that in August this year, compared to July 2022, the seasonally adjusted volume of exports increased by 0.1%, to $3.137 billion, and imports, by 1.3%, to $4.504 billion.

The seasonally adjusted foreign trade balance in August 2022 was negative and amounted to $1.367 billion, while in July 2022 it was also negative and amounted to $1.314 billion.

The State Statistics Service specified that foreign trade operations were carried out with partners from 227 countries of the world.

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