Business news from Ukraine

Business news from Ukraine

Number of unemployed people registered in public employment service as of 01.11.2023 (in thousands)

Number of unemployed people registered in public employment service as of 01.11.2023 (in thousands)

Source: Open4Business.com.ua and experts.news

Number of unemployed in Ukraine and job opportunities, October 22 – October 23

Number of unemployed in Ukraine and job opportunities, October 22 – October 23

Source: Open4Business.com.ua and experts.news

Annual World Economic Forum in Davos began today with Ukrainian issue

The annual World Economic Forum (WEF) in Davos, which officially opens its work on Monday, 15 January, on Sunday announced the fourth meeting of national security and foreign policy advisers to discuss the Ukrainian Formula for Peace.

According to the forum’s official programme, a press conference on Switzerland’s role as co-organiser of the meeting and its continued support for a just and lasting peace in Ukraine will be held in the afternoon, and in the evening key members of the Ukrainian delegation will share the results of the discussion.

The day before, Justice Minister Denys Malyska said on Facebook that the work of the delegation in Davos, where representatives of more than 80 countries gathered, would last about a day and a half.

According to the official programme, Ukrainian President Volodymyr Zelenskyy will deliver a special address at the WEF on Tuesday, 16 January.

On the same day, later in the day, there will be a session on “Ukraine’s Horizons” on how Ukraine can intensify its reconstruction efforts to support its economic and political ambitions to join the EU and NATO after nearly two years of devastating war. It will be attended by, among others, Lithuanian President Gitanas Nauseda, US Special Representative for Ukraine’s Economic Recovery Penny Pritzker, Head of the Ukrainian Presidential Office (OP) Andriy Yermak, Foreign Ministers of Spain and the Netherlands Jose Manuel Albarez Bueno and Hanke Bruins Slot, and Yale University history professor Timothy Snyder.

The following day, Wednesday, 17 January, at the session “Ukraine at War: Year Three”, British Foreign Secretary David Cameron and Ukrainian Foreign Minister Dmytro Kuleba will discuss strengthening international unity in support of the country’s defence and economy, which will continue to come under pressure, and what approaches and goals Ukraine and its international partners should agree on for the coming year.

In addition, on 15 January Davos will host the Ukrainian House, co-organised by the Victor Pinchuk Foundation, Horizon Capital and Western NIS Enterprise Fund, followed the next day by an exhibition and discussion area Deciding Your Tomorrow/”691 Days Deciding Your Future”, organised by the Victor Pinchuk Foundation, PinchukArtCentre in cooperation with the Office of the President.

The programme of Ukrainian House events up to and including 18 January includes, among others, Demonstration of the vision of Ukraine’s digital transformation – Diya, Mriya and Win-Win with Mikhail Fedorov, Deputy Prime Minister and Head of the Ministry of Digital Economy, a discussion on the transfer of frozen Russian assets to Ukraine with Deputy Head of the OP Rostislav Shurma, CEO of Hermitage Capital Management William Browder, Senior Sovereign Strategist at RBC Bluebay Asset Management Timothy Ash, and another discussion with Ukrainian Foreign Minister Kuleba.

In addition, the topic of Ukraine’s sustainability in 2024 will be discussed by First Deputy Prime Minister and Minister of Economy Yulia Sviridenko, investor and advisor to General Catalyst Teresa Carlson, founding partner of Argentem Creek Partners John Patton, CEO of Datagroup-Vol Mikhail Shelemba, while Shurma from OP, CEO of Marsh McLennan John Doyle, Managing Director for Europe and the Caucasus of EBRD Matteo Patrone and Citigroup representative Julie Monaco will talk about Ukraine’s investment opportunities and risk insurance.

Among the speakers of the Deciding Your Tomorrow discussion programme on 16-18 November are, among others, Swedish Foreign Minister Tobias Bilström, musician Svyatoslav Vakarchuk, Harvard University Professor of Economic Development Ricardo Gausman, President of the Board of the Munich Security Conference Foundation Wolfgang Ischinger, First Deputy Chairman of the Verkhovna Rada Oleksandr Kornienko, historian Serhiy Plokhiy, Executive Director of Roubini Macro Associates Nouriel Roubini; Vadym Skibitsky, deputy head of the Main Intelligence Directorate of the Ukrainian Defence Ministry; and Niall Ferguson, senior fellow at the Hoover Institution at Stanford University.

Finally, on 18 January, the Ukrainian Breakfast, a traditional private event organised by the Victor Pinchuk Foundation and EastOne, will be held on the margins of the WEF.

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In Kiev in next two days it will be frosty and roads will be icy

In Ukraine on Sunday, January 14, light snow, in the afternoon in the southern regions with rain, only in Odessa region without precipitation, reported Ukrhydrometcenter.

There is ice on the country’s roads.

Wind south, south-west, 7-12 m/s, in western regions in some places gusts of 15-20 m/s, in the Carpathians 20-25 m/s, blizzards in some places.

The temperature at night 7-12°, in the eastern, Sumy and Chernigov regions 13-18° of frost, in the daytime 0-5° of frost, in the Carpathians 4-9° of frost; in the western regions and southern part of the country at night 2-7° of frost, in the afternoon from 1° of frost to 4° of heat.

In Kiev on Sunday, light snow. The roads are icy. The wind is southwesterly, 7-12 m/s. The temperature at night is 7-9°, during the day 0-2° of frost.

According to the Central Geophysical Observatory named after Boris Sreznevsky. Borys Sreznevsky in Kiev on January 14, the highest daytime temperature was 9.5 in 2015, the lowest nighttime temperature was -24.3 in 1896.

On Monday, January 15, at night in the eastern regions and the Carpathians moderate, in the rest of the territory in some places light snow; in the afternoon without precipitation, in some places in the western and northern regions light snow.

Temperatures at night 2-7° frost, in central and southern regions and in the Carpathians up to 10° frost, during the day from 4° frost to 1° warm, in the south of the country 1-6° warm; in Crimea at night about 0°, during the day 3-8° warm.

The roads are icy.

The wind is south-western with a transition to north-western, 7-12 m/s, in some places gusts of 15-20 m/s.

In Kiev on Monday there will be light snow in some places. The roads are icy. The wind is south-western with a transition to north-western, 7-12 m/s, gusts of 15-20 m/s. The temperature at night and in the daytime is 4-6° of frost.

“Ukrenergo announces tender for equipment insurance

National Energy Company Ukrenergo on 11 January announced a tender for the purchase of insurance services for equipment during its transportation.

According to the message in the system of electronic public procurement Prozorro, the expected cost is 430 thousand UAH.

Documents are accepted until January 20.

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European Commission has allocated more than EUR120m to Romania to develop ports for Ukrainian grain exports

The European Commission (EC) is allocating EUR126 million to Romania in 2024 under the “solidarity corridors” program to invest in the development of ports facing an increase in Ukrainian exports, according to its website.

“The funds will allow Romania to reduce bottlenecks created by the sudden increase in the number of goods arriving at ports along the Danube and Black Sea coasts. The funding will help port operators to handle and store goods, thus reducing the blockade caused by Russia’s war against Ukraine. “This will contribute to the EU’s ‘solidarity corridors’ action plan without disrupting excessive competition in the single market,” said Margrethe Vestager, the European Commission’s vice-president for competition policy.

According to the report, all logistics companies that operate in Romanian ports located on the EU eastern border (Constanta, Galati, Giurgiu), on the Danube-Black Sea canal (Poarta Alba, Midia and Navodari) and the Sulina Canal, in the “satellite ports” of Constanta (Midia and Mangalia) will be able to receive grants of up to EUR10 million.

Operators will receive the assistance needed to cover the additional costs of equipment and storage facilities to handle cargo deviating from their normal trade routes.

The funding has been made available at the request of Romania, which has notified the European Commission of its plans to support companies in Romanian ports to invest in additional handling or storage capacity to process goods from Ukraine. The EUR126m scheme will run until December 31, 2024.

As reported, thanks to increased shipments from Ukraine, the Black Sea Romanian port of Constanta recorded the highest grain exports in 2023 – 36 million tons, up 50% from a year earlier. Ukrainian grain accounted for about 40% of the total, or 14 million tons, up from 13 million at the end of November and from 8.6 million for the whole of 2022.

Romania is making efforts to increase its transit capacity to bring Ukrainian grain handling to 4 million tons per month, for which it is upgrading rail and road infrastructure in and around the port. Ukraine and Romania agreed to launch an additional anchorage for Ukrainian agricultural products in the port of Constanta.

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