Business news from Ukraine

Business news from Ukraine

Number of state registrations of real estate in first quarter increased by 38%

The number of registration actions in the field of state registration of rights to real estate in the first quarter of 2024 by 38%, and in the field of business – by 23%, said the head of the Office of counteraction to raiding of the Ministry of Justice Viktor Dubovik.
“Starting from 2020, I am of the opinion that the number of registration actions is one of the important indicators of economic activity in the state. Because the majority of registration actions are revenues to the budget in the form of administrative fees, the emergence of new rights and obligations of citizens and businesses, as well as the presence of demand for the services of notaries and state registrars,” his words are quoted on the website of the Ministry of Justice.
Dubovik specified that for the first three months of 2024 was made 2 million 605.73 thousand registration actions on the real estate and 263.48 thousand – on business, while for the same period in 2023 – respectively 1 million 887.60 thousand and 214.26 thousand.
At the same time, according to his data, the number of complaints received by the Office in the field of real estate increased even more significantly – up to 699 from 290 in the first quarter of last year, while in the business sector the situation, on the contrary, improved: the number of complaints decreased to 115 from 119.

 

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Ukrainian and Armenian foreign ministers discuss security situation in Europe and South Caucasus

Ukrainian Foreign Minister Dmytro Kuleba and Armenian Foreign Minister Ararat Mirzoyan discussed the security situation in Europe and the South Caucasus on the margins of the Dubrovnik Forum in Croatia.

“I thanked Armenia for participating in the first Peace Summit in Switzerland and informed my counterpart about further work on the implementation of the Peace Formula on the way to a just and sustainable peace in Ukraine,” Kuleba wrote on social network X.

The ministers also focused on ways to deepen bilateral ties and international cooperation, especially in light of Ukraine’s future membership in the EU.

 

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Plenkovic assures at Dubrovnik forum that Croatia will continue to support Ukraine

Speaking at the Dubrovnik Forum on Saturday, Croatian Prime Minister Andrej Plenković assured of continued support for Ukraine and recalled the assistance already provided to Kyiv in various areas.

In his speech, Plenković pointed to the negative consequences for Europe and the world of the Covid-19 pandemic, “prolonged by Russian aggression against Ukraine, which has devalued the importance of international law and fundamental principles.”

“On behalf of the Croatian government, I would like to once again express my support for Ukraine, the Ukrainian people, the President, the entire government and thank Minister Kuleba for coming to Dubrovnik today,” the Croatian prime minister said.

He emphasized that there is unity in support of Ukraine among a huge number of countries. Thus, Plenković recalled the recent Global Peace Summit in Switzerland, where, as he noted, about a hundred international organizations and countries were represented, supporting the project of finding a peaceful solution to the consequences of Russian aggression against Ukraine, rather than a solution that would reward the aggressor and thus send a negative signal to other potential aggressors.

“Croatia is helping Ukraine in the political, diplomatic, technical, humanitarian, economic and military spheres, and we will continue to provide all forms of support. Especially given our specific interests in the investigation of war crimes, in humanitarian demining, which we have been facing for 30 years and which we will complete only in March 2026,” Plenković emphasized.

https://interfax.com.ua/

 

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Before IMF disbursement of $2.2 bln, Zelensky signed law on reset of BEB

Ukrainian President Volodymyr Zelenskyy, before the IMF Board of Directors made a positive decision on the allocation of $2.2 billion to Ukraine for the fifth tranche under the EFF extended financing program, signed the law on resetting the Bureau of Economic Security (#3840-IX), the adoption of which was one of the structural beacons of the program.

Information about the signing of the document by the head of state is posted on the website of the Verkhovna Rada.

“An important step forward was the adoption last week of the law on reforming the Bureau of Economic Security of Ukraine. It is necessary to quickly and decisively implement this law”, – said the head of the mission of the International monetary Fund (IMF) in Ukraine Gavin Gray at a press conference on Friday evening after the allocation of the tranche to Ukraine.

As reported, the Verkhovna Rada on June 20 by 239 votes with the required minimum of 226 votes adopted the law on the reset of the BEB. “The text is agreed with partners. With independent selection of the new head of the BEB, recertification and personnel selection. With the participation of foreign experts and Ukrainian business. It could have been better, but already well done,” – commented on the adoption of the first Deputy head of the relevant Committee of the Rada Yaroslav Zheleznyak.

According to him, according to the document, the new head of the BEB is selected by a commission of six members, half of whom are international experts with the right to a casting vote. Re-certification is carried out by a commission of six people each from the newly elected BEB director and from international partners, but at the suggestion of the Ukrainian business community. In addition, a Personnel Commission created according to the same scheme will work for the next three years.

“Guaranteed independence of the BEB director at the level of NABU/SAP/NAPK. And many more important changes about the independence of the institution. It is always possible more and better, but in general very ok”, – summarized Zheleznyak.

 

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On Monday in Kiev up to plus 34°

The weather in Ukraine on Sunday, June 30, will be without precipitation, reports Ukrhydrometcenter.

Wind of variable directions, 3-8 m/s.

The temperature will be 16-21° at night, 29-34° during the day, in southern and central regions in some places 32-36°; in the highlands of the Carpathians at night 10-15°, 22-27° during the day.

In Kiev on June 30, no precipitation. Wind of variable directions, 3-8 m/s.

The temperature is about 20° at night and 30-32° during the day.

According to the Central Geophysical Observatory named after Boris Sreznevsky in Kiev. Boris Sreznevsky in Kiev on June 30, the highest daytime temperature was 34.1° in 1898, the lowest nighttime temperature was 7.6° in 1894.

On the first day of July in Ukraine in the western regions, rain with thunderstorms, hail and squalls 15-20 m/s, temperatures at night 15-20°, daytime 27-32°.

In the rest of the territory hot weather without precipitation, the temperature at night 17-22 °, during the day 30-34 °, in the southern part, Kirovograd, Dnipropetrovsk and Donetsk regions in some places strong heat 35-37 °.

Wind of variable directions, 3-8 m/s.

In Kiev on July 1, hot weather without precipitation. Wind of variable directions, 3-8 m/s.

The temperature is 20-22° at night and 32-34° during the day.

 

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IMF has worsened forecast of Ukraine’s GDP growth in 2024g

The International Monetary Fund (IMF) has worsened its forecast for real gross domestic product (GDP) growth for this year from 3-4% to 2.5-3.5% at the end of the fourth review of the EFF extended financing program, while improving its year-end inflation forecast from 8.5% to 8%.
“We are now seeing clear signs of a slowdown in growth due to deteriorating sentiment as military action develops and also due to power outages,” Gavin Gray, head of the International Monetary Fund (IMF) mission to Ukraine, said at a press conference on Friday evening after Ukraine’s tranche was disbursed.
Risks remain exceptionally high, he said, especially due to uncertainties related to the war and external financing.
According to a publication on the Fund’s website, for next year, expectations for Ukrainian economic growth have been worsened to 5.5% from 6.5%, while maintaining the inflation estimate of 7%.
The IMF also lowered its forecast of Ukraine’s nominal GDP for this year to UAH 7.49 trillion from UAH 7.75 trillion in its March review, and for next year to UAH 8.74 trillion from UAH 8.87 trillion.
In terms of GDP composition, the IMF slightly worsened expectations for net exports, while expecting a larger contribution from domestic demand, private consumption and investment compared to the March revision.
The Fund improved the inflation forecast for the end of this year to 8% from 8.5%, maintaining its expectations for its slowdown to 7%, 5.5% and 5% in 2025-2027, but lowered expectations for real income growth this year and next year: by 1.2 p.p. to 8.6% and by 1 p.p., respectively. – to 8.6% and by 1 p.p. to 6.8%. – to 6.8%.
Also, the fourth revision slightly worsened the unemployment estimate: to 14.8% from 14.5% this year and to 14.3% instead of 13.8% next year.
As for the budget, the IMF has increased the estimate of its deficit (excluding grants) – to 20.9% of GDP from 20.2% of GDP for this year, to 10.4% of GDP from 10.3% of GDP for 2025.
According to the document, expectations for external financing have been improved to 12.1% of GDP from 11.8% of GDP and domestic financing to 2.1% of GDP from 2% of GDP, which should be provided by banks, while the estimate of external financing for next year remained at 6.5% of GDP, domestic – 0.9% of GDP with a reduction in the participation of banks to 0.5% of GDP.
As reported, last year the Ukrainian economy, according to the State Statistics Committee, grew by 5.3% after falling by 28.8% a year earlier, and in the first quarter of this year growth amounted to 6.5%.
On April 25 this year, the NBU worsened the country’s GDP growth forecast for this year from 3.6% to 3%.
The government, when approving the draft state budget for the second reading in early November 2023, projected economic growth this year at 4.6%, but the Finance Ministry recently said it had been worsened to 3.5%, and First Deputy Prime Minister Yulia Sviridenko said in mid-June in Berlin that the forecast had been worsened to less than 4%.

 

 

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