On November 7, the 10th Kyiv International Economic Forum ( KIEF) 2024 will be held with the theme “The Power of Challenge. What will shape the future of Ukraine and the world?“.
For the third time, the forum will be held in Kyiv under martial law. Its participants will discuss the war in Ukraine in the context of the global world: protecting Ukraine’s economic interests in the EU, opportunities and challenges for human capital, the future of the energy system, Ukrainian Defense Tech in the global technology market, and business relations with the government to restore Ukraine.
This year’s Forum will be held against the backdrop of the US presidential election scheduled for November 5. The election results will be one of the key topics for discussion among speakers and participants.
“It is important that business, government and society work together to create effective mechanisms of cooperation. Especially now, when the full-scale invasion of Ukraine is compounded by global instability. We are on the verge of great changes, and the question before us is: how will we use them? Will these challenges become an insurmountable obstacle or, on the contrary, an incentive to find new solutions and move forward? “ said Yuriy Pyvovarov, CEO of the Kyiv International Economic Forum.
The organizers expect more than 100 speakers to take part in 16 panel discussions.
Among them:
Representatives of the international community
– Vyacheslavs Dombrovskis, Minister of Economy and Energy of Latvia (2014), Minister of Education and Science of Latvia (2013-2014)
– Katarīna Mathernova, Ambassador of the European Union to Ukraine
– Michael McFaul, Professor of Political Science at Stanford University (online)
– John Denton, Secretary General of the International Chamber of Commerce (ICC)
– Crispin Allison, senior partner at Marsh McLennan
– Konstantinos Nakis, Partner and President of Chicago Atlantic Trident
– Dan Rice, President of American University Kyiv, former US Army officer
Leaders of the business community
– Olga Ustinova, CEO of Vodafone Ukraine
– Vasyl Khmelnytsky, Forum initiator, founder of UFuture holding
– Yevhen Osypov, CEO of Kernel
– Natalia Yemchenko, Director of Public Relations and Communications at SCM
– Galina Gerega, co-founder of Epicenter Group of Companies
– Taras Kitsmei, co-founder and member of the Board of Directors at SoftServe
– Sergiy Voitsekhovsky, member of the Board of Directors, BGV Group Management
The discussion panels will also include participants from the public sector – representatives of the Cabinet of Ministers, the Office of the President of Ukraine, and the Verkhovna Rada.
Program updates and speaker announcements can be found on the website.
This year, in partnership with Gen.Ukrainian, KIEF is allocating part of the proceeds from ticket sales to the psychological rehabilitation of children affected by the war. The funds will be used to organize Gen.Camp camps where children will receive professional help from qualified psychologists and psychotherapists. In addition, those interested can make additional donations at the link.
TheKyiv International Economic Forum is one of the largest international forums in Eastern Europe, bringing together representatives of business, government and society to discuss key economic issues and global trends.
A number of ideas discussed at KIEF were later implemented, in particular, at the legislative level: industrial parks, an export credit agency, energy service contracts, a moratorium on the export of roundwood, and a reduction in the unified social tax. These tools have attracted billions of dollars in investment and increased Ukraine’s GDP.
Registration for the Kyiv International Economic Forum is available here.
Title partners: UFuture, Mastercard, Nova Poshta, AEQUO
Partners: Biopharma, INTERPIPE, FUIB, MHP, Epicenter, PrivatBank, DTEK, Lamel, Ajax Systems, Biosphere Corporation, Sense Bank, Kernel, Vodafone, OKKO, Metinvest
Program partners: ACC (American Chamber of Commerce in Ukraine), Center for Social Change and Behavioral Economics, GLOBSEC
Business expert: Forbes Ukraine
Title media partners: Starlight Media, 1+1 media
Media partners: New Voice, LIGA.net, RBC-Ukraine, Delo.ua, Interfax-Ukraine, The Kyiv Independent, TAVR Media, Mind.ua, Kyiv Post
To apply for media accreditation: accreditation form.
Contact person for registration of participants:
Oleksandra Barabash
Tel.: +380 50 880 0010
Email: tickets@forumkyiv.org
Contact person for media accreditation:
Bohdana Myshkovska
Tel: +380 63 597 4806
Email: bogdana@sameandfriends.com
Interfax-Ukraine is a media partner of the Forum.
More than half of the bankrupts are Ukrainians aged 25 to 45
651 bankruptcy cases are currently open, according to the Supreme Court of Ukraine. The number of cases has almost doubled in the last 4 months of this year. The largest number of bankrupts is in Kyiv and its region and in Dnipropetrovs’k region. 64% of bankrupts are people aged 25 to 45.
651 bankruptcy cases have been opened in Ukraine this year. The number of cases has almost doubled since the beginning of summer.
So far, more bankruptcy cases have been opened against Ukrainians than in the whole of last year: 575 such cases were considered then.
Most often, people aged 25 to 45 apply to be declared insolvent – 64.1% of bankrupts. Another 28.7% are over 45 years old.
51% of bankrupts are women, and another 48% are men.
Most bankrupts are in the capital: 95 cases or 15% of the total number. Kyiv region follows with 58 or 9%. Dnipropetrovs’k region closes the top with 53 cases, which is 8% of the total.
Denys Lykhopiok, Insolvency Receiver, believes that the current dynamics is most likely a “pent-up demand” rather than a rapid growth caused by any one factor.
“It should be understood that at the beginning of the full-scale war, people did not have time to deal with debts – they were prioritizing survival.
At the same time, there was a moratorium on the collection of most debts in enforcement proceedings for more than a year. Even after the moratorium was lifted, private and public bailiffs reminded debtors of their obligations. This may have been the driving force that prompted people to seek a solution to their debts through insolvency proceedings.
In addition, Ukraine is already developing a positive judicial practice in bankruptcy matters,” comments Denys Lykhopiok, attorney at law, insolvency officer, member of the Qualification Commission of Insolvency Officers, and bankruptcy specialist.
Context.
The Verkhovna Rada allowed citizens to become bankrupt back in October 2018. The procedure became fully operational in 2019. Since then, a person in a difficult financial situation can initiate bankruptcy and, after going through the entire procedure, get rid of debts.
https://opendatabot.ua/analytics/people-bankrupts-2024-10
Forecast of dynamics of changes in ukrainian GDP in % for 2022-2025 in relation to previous period
Open4Business.com.ua
This week prices for apples in Ukraine have resumed their growth, according to analysts of the EastFruit project. According to the producers themselves, the next increase in prices in this segment is due to a reduction in the supply of apples of winter varieties in the domestic market. At the same time, the demand from buyers remains quite high, which stimulates the rise in price of these products in the Ukrainian market.
To date, apples are offered for sale in the range of UAH 17-25/kg ($0.41-0.61/kg), depending on the variety, quality and volume of the offered batch, which is on average 13% more expensive than at the end of last week. Current prices for apples in Ukraine are still the highest at least for the last 7 years of monitoring!
At the same time, the supply of quality apples on the market is rather limited, as many producers prefer not to hurry with sales, and the entire volume of winter apples is put in storage in the hope of more intensive price growth in this segment both on the domestic market and higher prices on the part of exporting companies.
Read also: The growth of prices for cucumbers in Ukraine continues – 26% since the beginning of the week
As a result, already today apples in Ukraine cost buyers on average 54% more expensive than in the same period last year. At the same time, market operators note that the price growth did not contribute to the decrease in demand for apples, therefore they do not exclude that next week sellers will make attempts to revise prices in this segment once again.
More detailed information about the development of the market of apples and other fruit and vegetable products in Ukraine you can get by subscribing to the operative analytical weekly – EastFruit Ukraine Weekly Pro. Detailed product information is available here.
https://east-fruit.com/novosti/tseny-na-yabloki-v-ukraine-ustanovili-novye-rekordy/
The IMF Board of Directors on Friday completed the fifth review of Ukraine’s EFF Extended Fund Facility (EFF) program, allowing Ukraine to receive about $1.1 billion (SDR834.9 million) of the 6th tranche, which will be used for budget support.
“Despite the challenging environment, Ukraine’s economy remains resilient and EFF performance remains strong. As of end-June, the authorities had met all quantitative performance criteria and achieved the four structural beacons,” the Fund said in a press release on its website.
After the discussion, IMF Managing Director Kristalina Georgieva said that the total external financing under the 4-year program is raised from $122 billion to $151 billion in the base case and from $144 billion to $187 billion in the negative case due to new commitments under the G7 initiative to allocate $50 billion to Ukraine from the proceeds on frozen Russian assets (“Emergency Loans to Accelerate Ukraine’s Revenue Growth”, ERA).
It is stated that sustainable reforms, mobilization of domestic revenues and timely provision of external support are necessary to ensure macroeconomic stability, restore fiscal and debt sustainability and enhance institutional reforms.
It is specified that the structural beacons related to the abolition of tax exemptions, war-affected state-owned companies, customs reform and public investment management have been implemented, while the implementation of two structural beacons has been postponed to allow more time to complete the reform.
The IMF noted that the economy has been more resilient than expected in the first half of 2024, thanks to continued growth, moderate inflation, and adequate reserves backed by significant external support. However, the outlook for the rest of the year and 2025 has deteriorated since the fourth review, mainly due to prolonged Russian attacks on Ukraine’s energy infrastructure and uncertainty over the war.
“Overall, the outlook remains exceptionally uncertain,” the Fund emphasized.
Georgieva said that all quantitative performance criteria are expected to be met at the end of September as well.
