Business news from Ukraine

Business news from Ukraine

Ukrzaliznytsya plans to launch “family cars”

JSC “Ukrzaliznytsia” (UZ) together with UNICEF plans to implement the project of “family cars” on domestic passenger transportation, said the pre-management of UZ Yevhen Lyashchenko at a briefing.

“Family cars” will be at least on three domestic routes, it is six cars. Perhaps, there will be more such cars,” Lyashchenko said.

According to him, the project will be implemented by the end of the year.

The head of UZ also specified that the concept of the project was developed by UNICEF, which will finance the re-equipment of cars.

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Volume of completed construction works in Ukraine in 2023 increased by more than 40%

The volume of completed construction works in Ukraine in 2023 increased by 41.5% compared to 2022 – up to 162.7 billion UAH, according to the data of the State Statistics Service (Gosstat).

According to the statistics department, the volume of construction work in residential construction by the end of 2023 increased by 11.1% compared to the previous year, to 22.3 billion UAH; in non-residential – increased by 38.1%, to 41.5 billion UAH; in engineering – by 52.6%, to 98.8 billion UAH.

In December-2023, the volume of construction work exceeded the figure of December-2022 by 35.1%, and the previous month – by 85.8%, notes the State Statistics Service.

As reported by the State Statistics Office, in January-December 2023 to the same period of 2022, the reduction in construction  was observed in the segment of housing – by 4.6%. At the same time, non-residential and engineering construction recorded an increase in volumes – by 20% and 32.9%, respectively.

According to the seasonally adjusted data of the department, the indices of construction products in December-2023 in residential construction amounted to 49.4%, in non-residential – 88.3%, in engineering – 112.7%, and taking into account the effect of calendar days, the indicators are 71.5%, 188% and 273% respectively.

The share of new construction to the total volume of completed construction works amounted to 36.3%, repair – 42.9%, reconstruction and technical re-equipment – 20.8%.

The State Statistics Service notes that the publication of data was postponed due to martial law. Statdata are given without taking into account the temporarily occupied territories and part of the territories where hostilities are (were) conducted.

As reported, the volume of completed construction works in Ukraine in 2022 decreased by 2.2 times compared to 2021 – to 113.8 billion UAH.

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OTP BANK emphasizes teamwork and implementation of latest technologies – L.Syrota

Over the past two years, JSC OTP Bank has changed its approaches to managing its retail branch network and planning horizons, increasing the emphasis on the results of the team as a unit. This was stated by Lesia Syrota, team leader of the OTP Bank Helps Ukraine charity project, Director of Retail Sales and Network Management at OTP Bank, during the EBA Women’s Club, an event dedicated to women’s leadership in business.

According to her, the Bank used to single out the best employees and encourage competition, but now it is much more important to form powerful teams united by a single goal – to make the Bank even more convenient and closer to the customer. “OTP BANK has a network of branches throughout Ukraine, which are located in different conditions and circumstances, taking into account the security situation. We have changed our management approaches and planning horizons. Every Monday, the teams set their own goals for the week. This has brought the teams together. This position proved to be effective,” said Ms. Syrota.

As noted by the Director of Retail Sales and Network Management, the Bank aims to further develop in several areas, including the use of the latest technologies. “We already use artificial intelligence in our products and services. In the OTP Bank Information Center, the latest technologies are involved in many processes, which made it possible to work with customers’ emotions. And this allows us to increase customer empathy, which turned out to be especially important in Premium banking. This is now a separate rather deep and extensive research and ongoing implementation,” she emphasized.
Ms. Syrota shared her experience with the audience on the process of making important decisions. Usually, a team is involved in a brainstorming session to consider the details of different cases. “We carefully study the situation, form hypotheses, and then confirm or refute them. There should be at least three proposals. As life shows, the latter options will be better than the first fastest. We don’t make decisions instantly, because it’s better to think carefully. This encourages colleagues to offer interesting and progressive solutions,” she said.

As the participants of the event emphasized, the role of women in business and teams is becoming increasingly important. Women’s leadership and soft skills, including emotional intelligence, communication, and teamwork, are becoming key success factors. “The modern world requires us to constantly develop. We should not be afraid to take responsibility. You need to move forward and build your business. Today, there are important and interesting financial support programs for businesses owned or co-owned by women, such as the joint program of OTP Bank and UASID, which offers unique lending conditions. In particular, an important component of this program is to support companies with women in their ownership structure,” added Ms. Syrota.

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State Property Fund of Ukraine sold complex of premises of Uman Correctional Colony for UAH 29 million

The State Property Fund of Ukraine (SPFU) has sold a complex of buildings of the Uman Correctional Colony for UAH 29 million at a privatization auction, which is 194 times higher than the starting price.

According to SPF Chairman Vitaliy Koval on Facebook, 42 companies and entrepreneurs participated in the auction. The starting price of the lot was UAH 149.4 thousand.

According to the results of the auction on the Prozorro.Sale website, the winner of the auction was Borys Pakholyuk. According to Clarity Project, he owns a number of agricultural enterprises and farms in Cherkasy and Odesa regions.

The lot includes a complex of non-residential buildings and structures with a total area of 3.1 thousand square meters and a land plot of 0.59 hectares. The property had not been used for more than 20 years.

Koval reminded that the Ministry of Justice transfers unused penitentiary institutions to the SPF for further privatization.

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State-owned Ukrenergo has announced competition for vacant position of member of Management Board

NPC Ukrenergo has announced a competition for the vacant position of a member of the Management Board, documents for which can be submitted by 18:00 on April 8, 2024.

According to the announcement on the company’s website, the main requirements are: higher education; at least five years of strategic and managerial leadership experience in international development, business development, operations and/or program management in large companies.

The candidate must also have a deep understanding of the national and European electricity markets, trends and prospects of the industry, and the specifics of the ENTSO-E transmission system operators.

In addition, a potential Board member should have competence in at least one of the following areas: business strategy and development, regulatory issues, legal support, finance and audit.

In case of equally developed skills, preference will be given to a candidate with experience at the executive level in the transmission system operators of ENTSO-E members.

As reported, the Board of Ukrenergo consists of Volodymyr Kudrytskyi (Chairman), Oleksii Brekht (Operation and Development of Grids), Serhii Halahan (IT) and Oleh Skrypnyk (Finance).

At the end of January 2024, Maryna Bezrukova, a former member of the NPC’s Management Board, became the head of the Defense Procurement Agency of the Ministry of Defense of Ukraine.

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International Register of Losses to collect claims from Ukrainian citizens has started working

The International Register of Losses is projected to receive up to 8 million applications from victims of Russian aggression, Ukrainian Prime Minister Denis Shmygal said.

“Today in The Hague should start working the International Register of losses, where all Ukrainians who suffered from Russian aggression will be able to apply. First of all we launch the fixing of damaged or destroyed housing. Applications will be submitted through “Dia”, everything is maximally digitalized and convenient, “- said Shmygal at a government meeting on Tuesday.

Prime Minister noted that according to forecasts, only in the housing segment the Register will receive from 300 to 600 thousand applications from the victims.

“In total, we expect up to 8 million applications from all those affected by the war in one way or another. Consistently and purposefully realize the principle “Russia will pay” and create a precedent of material responsibility of the aggressor for the losses caused by them,” – said Shmygal.

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