Business news from Ukraine

Business news from Ukraine

Almost 4.4 thousand new lawyers in Ukraine have been added to Register since beginning of full-scale invasion

Almost 4.4 thousand new attorneys have been added to the Registry of Attorneys since the beginning of the full-scale invasion. The Registry now includes more than 53 thousand active lawyers. However, the number of new lawyers is decreasing every year. 60% of all active lawyers are men.

53,361 attorneys are currently listed in the Register of Attorneys as of the end of August 2024. Since the beginning of the full-scale invasion, the Register has been replenished with 4,370 new lawyers.

In general, the number of new lawyers is decreasing every year. While in 2020, 5,124 new lawyers were registered, this year the number is 1,708.

1,773 lawyers have temporarily suspended their activities, and 8 have stopped practicing since the beginning of the full-scale invasion.

There are more men among lawyers in Ukraine – 60% of the total number. The share of women is 40%.

Most lawyers are registered in Kyiv region – 9,127 or 17% of the total number and in Kyiv – 5,682 or 10.6%. They are followed by Dnipropetrovs’k region – 4,016 lawyers (7.5%), Odesa region – 3,992 (7.5%) and Donetsk region – 3,932 lawyers (7.4%).

The largest number of new attorneys’ licenses since the beginning of the full-scale war has been issued in Zakarpattia (+15.%), Vinnytsia (+14.6%), Odesa (+14.6%), and Rivne (+13.8%) regions.

It is worth noting that the place of issuance of the license and the actual place of work of the lawyer may differ.

As a reminder, the Register of Attorneys is available in Opendatabot, where you can find a specialist for your request. There you can easily find out about the workload and productivity of a lawyer, the categories and list of cases he or she handles.

https://opendatabot.ua/analytics/advocates-2024

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Energy ministry of Ukraine announces competition to select members of Ukrenergo supervisory board

The Ministry of Energy of Ukraine announced a competitive selection of candidates for three positions of independent members of the supervisory board of Ukrenergo and instructed Ukrenergo to engage a professional consultant on personnel selection.
“The government remains fully committed to ensuring the independence, integrity and compliance with the highest professional standards of the new supervisory board. The selection of all members of the board – four independent and three representatives of the state – is to be completed by December 9,” the ministry said on Friday evening.
As reported, EU Ambassador to Ukraine Katarína Mathernová, regional heads of the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC), and the business ombudsman in early September called for stopping the dismissal of the company’s head Volodymyr Kudrytsky until the election of the seventh member of the board.
However, Kudrytsky was dismissed, after which the independent members of the Ukrenergo supervisory board, former ENTSO-E Presidents Daniel Dobbeni and Peder Andreasen, called the dismissal politically motivated and decided to leave the supervisory board early.
In addition, the G7 ambassadors emphasized the importance of quickly organizing a selection procedure according to the standards of the Organization for Economic Cooperation and Development (OECD) for “competent and professional independent experts” to the Ukrenergo supervisory board.

 

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Ukraine among top 5 suppliers of organic products to EU

In Ukraine, only 471 thousand hectares are engaged in organic production, they need to increase, because the country keeps the course on deep processing, said the Minister of Agrarian Policy and Food Vitaly Koval at the conference dedicated to the organic market of Ukraine and its prospects.

“Regarding the first: organics is the closest to the settlement of all EU legislative processes. And if we are now among the top five in the supply of organic products to Europe, our task is to become the first. We have the space, the desire and the experience that our people have,” the press service of the Ministry of Agrarian Policy and Food quoted him as saying.

Koval emphasized the importance of exporting finished products, not raw materials. At the same time, they should meet the EU requirements.

 

 

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Import changes in % to previous period in 2023-2024

Import changes in % to previous period in 2023-2024

Open4Business.com.ua

National Bank has published rating of most profitable banks in Ukraine

State-owned PrivatBank in July 2024 reduced its net profit by 2.6% by June – to UAH 6.25 billion and with this indicator headed the top five most profitable banks in the country in July, according to the data of the National Bank of Ukraine (NBU) on its website.
According to them, Privat is followed by state-owned Oschadbank, which in July received 2.18 billion UAH of net profit compared to 0.07 billion UAH in June.
Universal Bank (mono) rounded out the top three, having almost eightfold increased its profit compared to June – up to UAH 0.84 bln.
It is followed by two banks with foreign capital: Credit Agricole and Raiffeisen Bank with UAH 0.62 bln (+28.3% to June) and UAH 0.56 bln (+78%) respectively.
The second five most profitable banks in July were headed by Ukrsibbank, which increased its net profit by 10.1% to UAH 0.55 bln. It also included: City Bank – UAH 0.54 billion, Ukrgasbank – UAH 0.43 billion, FUIB – UAH 0.42 billion and Ukreximbank – UAH 0.38 billion.
In July 2024, net profit of over UAH 100 million was received by three more banks: OTP Bank – UAH 365.3 million, Pivdennyi Bank – UAH 340.7 million and Kredobank – UAH 193.5 million.
At the same time, the three most unprofitable banks in July were formed by Sense Bank with net loss of UAH 65.67 mln, Alliance Bank – UAH 17.81 mln and Pravex Bank – UAH 13.34 mln.
The list of the most profitable banks in general for seven months of this year is also headed by Privat with a large gap – UAH 37.16 billion, followed by Oschadbank – UAH 11.00 billion.
Next in a denser group are Raif – UAH 4.87 billion, Ukrexim – UAH 4.74 billion, FUIB – UAH 4.24 billion, Credit Agricole – UAH 4.22 billion Ukrsib – UAH 3.97 billion and Ukrgas – UAH 3.73 billion.
Six other banks also received net profit over UAH 1 billion for 7 months of this year: mono – UAH 3.19 billion, OTP – UAH 3.00 billion, City – UAH 2.73 billion, Sense – UAH 2.21 billion, Pivdennyi – UAH 1.61 billion and Credo – UAH 1.16 billion.
A-Bank is a little short of this threshold – UAH 0.92 billion, while ProCredit Bank, which follows it, has a net profit of UAH 0.60 billion.
As for unprofitable banks, according to the results of January-July, there are 8 out of 62 banks in Ukraine. The worst indicator is Pravex Bank – UAH 95.79 billion, followed by Industrialbank – UAH 39.00 billion.
At the First Investbank and Motor-Bank, which were transferred to the state from the sub-sanctioned owners following the results of the trial, the net loss for 7 months amounted to UAH 25.69 mln and UAH 14.69 mln, respectively.

 

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Kiev citizens are advised to refrain from airing rooms and limit staying outdoors

Kiev citizens are recommended to refrain from ventilating the premises and limit staying outdoors due to the high level of air pollution, the press service of the KSCA reported on Sunday morning.
“As of 08:00 on September 22, the level of air pollution in Kiev is high. Radiation background in the whole city is normal,” – stated in the message.
The probable cause of this may be fires in the ecosystem of the Kiev region, reports the Department of environmental protection and adaptation to climate change KSCA.
In KSCA until the situation improves, they recommend to close windows, limit staying outside, drink a lot of water, and turn on to maximum air purifier, if available.

 

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