Business news from Ukraine

Business news from Ukraine

Ukrainian metallurgical enterprises in January-August increased foreign currency earnings from ferrous metal exports to $2 bln

Metallurgical enterprises of Ukraine in January-August of this year increased revenues from exports of ferrous metals by 13.5% compared to the same period last year – up to $2 billion 66.849 million.
According to statistics released by the State Customs Service (SCS) on Friday, ferrous metals accounted for 7.49% of total receipts from exports of goods during this period against 7.44% in January-August-2023.
Ferrous metals export earnings totaled $314.901 million in August, compared to $285.516 million in the previous month.

 

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Ukrainian Foreign Minister: It is important that EU budget for 2028-2034 already reflects logic of Ukraine’s enlargement and membership in EU.

Long-term budget programs of the European Union should take into account Ukraine’s future membership in the EU, Ukrainian Foreign Minister Andriy Sibiga stressed.

During a discussion at the 20th Yalta European Strategy (YES) meeting in Kiev, the minister said that Ukraine needs macro-financial assistance and long-term support programs. According to him, the EU needs to build its policy now “through the paradigm that Ukraine is already a member of the European Union.”

“In accordance with the EU procedures, the process of preparing a 7-year budget for 2028-2034 starts in February 2025. It is very important that this budget already reflects this philosophy and logic. The logic of Ukraine’s enlargement and membership in the EU. This is very, very important, and we hope that our partners support this project,” Sibiga said.

According to the foreign minister, after World War II, one of the key goals of the founding of the EU was “to overcome war as a way of thinking and politics, and this idea remains relevant today.”

“There must be a clear realization that only Ukraine’s victory guarantees a secure future for Europe. We must be more decisive, act faster and with more confidence in our decision-making. Europe must also build up its defense capabilities,” he said.

Sibiga also assured European partners of Ukraine’s responsible work on the way to unification of domestic and foreign policy with the EU and careful fulfillment of its “homework”.

“In the field of foreign policy, Ukraine will ensure full harmonization with the EU and aims to join 100 percent of EU statements,” he said.

 

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Number of unemployed people registered in public employment service as of 30.04.2024 (in thousands)

Number of unemployed people registered in public employment service as of 30.04.2024 (in thousands)

Open4Business.com.ua

Number of unemployed in Ukraine and job opportunities, 2023-2024

Number of unemployed in Ukraine and job opportunities, 2023-2024

Open4Business.com.ua

Steel Freedom 2024 architectural student competition has started

Young Ukrainian architects and designers will develop a project for a secondary school with a pre-school in Lviv.
“The main idea of the competition is to create a modern educational hub using all the advantages of steel structures. We believe in the creative potential of young creators of Ukrainian architecture and expect interesting non-standard solutions from them,” commented Danylo Apanasenko, curator of Steel Freedom 2024.
The best student projects will traditionally be judged by eight jury members, including leading architects and experts of the Ukrainian construction market.
Download the competition task
This year, the organizers of the competition, the Ukrainian Steel Construction Center Association, have prepared several pleasant surprises, including an increase in the prize fund and a nomination from the world architectural firm MVRDV, whose experts will select the best project from all the semifinalists that meets the criteria of imaginative solution, social and environmental impact.
The competition is open to students of architecture and design in the 3rd-6th year of Ukrainian specialized universities. Team registration will take place from September 1 to October 1, 2024, and projects can be submitted until November 1.
Register a team
The Steel Freedom 2024 final will take place on November 30.
The prize fund of the competition is divided between the first place – UAH 50,000, the second place – UAH 40,000, and the third place – UAH 30,000.
Metinvest remains the general partner of the competition.
Official partners: Metipol, Ruukki, Tekla, SketchUp, LIRALAND, SVL, Archimatika, VODALAND, Oscar Group
With the support of media partners: Interfax-Ukraine, PRAGMATIKA.MEDIA, Build PortaL, Property Times, Prof Build, Commercial Property, Vidbudova, StroyObzor, Home and Interior, uaprom.info, Ukrmetallurgprom, Izba, A:1, die.zodchiy, Where to go if I’m an architect?

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Ukraine’s State Property Fund plans to sell Ukraine’s oldest enterprise

The State Property Fund of Ukraine (SPF) has included Drohobych Saltworks in the list of enterprises to be privatized, the saltworks said on Facebook.

“Unfortunately, the enterprise cannot recover on its own, as it pays 80% of its net profit as dividends, and it has almost no funds left for recovery. Therefore, it is important to find effective solutions to preserve our heritage,” – noted in the message.

The management of the enterprise believes that the purchase of the enterprise by a private investor or transfer to the regional or city municipal ownership is one of the effective ways to preserve and restore the property. In this case, the entire income can be directed to the development of the enterprise and attract funds from outside.

“The management is ready to do everything possible to continue salt production. And yes, it is real! We will take care that the conditions of privatization include the continuation of Drohobych salt production”, – stated in the message.

Drohobych saltworks is the oldest enterprise in Ukraine, which began production in 1390. Salt at the plant is boiled from brine, which is extracted from the subsoil. Currently, the enterprise produces two types of products: “Boiled iodized kitchen salt” and “Boiled kitchen salt without additives”. After the beginning of hostilities in the East, this is practically the only enterprise in Ukraine, which is engaged in salt production. The leading retail chains of the country have established cooperation with it. Since 2019, the plant is actively developing tourism.

 

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