Business news from Ukraine

Business news from Ukraine

Since August 2023, sea corridor has ensured export of 56 million tons of cargo – Brigitte Brink

The sea corridor created by the Navy has ensured the export of 56 million tons of cargo since August 2023, US Ambassador to Ukraine Brigitte Brink said.

“Incredible Ukraine: in the face of Russia’s continued attacks, Ukraine has sent more than 2,000 ships carrying 56 million tons of products for export… through the Black Sea Humanitarian Corridor,” Brink wrote on social network X on Saturday.

Earlier it was reported that the sea corridor since August 2023 provided exports of 55 million tons of cargo, of which more than half (37.4 million tons) were agro-products.

 

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Ukrainian athlete breaks world record held for almost 40 years

Yaroslava Maguchikh from Dnipro, the bronze medalist of the 2020 Olympic Games in high jump, on Sunday set a world record by clearing the bar of 2m 10cm.

At the Diamond League stage in Paris, where the Olympic Games will start soon, she broke the record of Stefka Kostadinova from Bulgaria, which had been held since 1987 – 2 m 9 cm.

Before that, at the same competition, Maguchichykh renewed her personal record of 2m 7cm.

 

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Impact of electricity deficit on real GDP vs no deficit, % (forecast up to 2024)

Impact of electricity deficit on real GDP vs no deficit, % (forecast up to 2024)

Source: Open4Business.com.ua and experts.news

“Nova Poshta” has entered French market

Nova group of companies has entered the French market by opening its first branch in Nice, which became the hundredth branch opened outside Ukraine in Europe, the group’s press service said on Saturday.
“We plan to open in Paris and Lyon by the end of the year, and then in other major cities – Lille, Toulouse and Bordeaux,” said Vladimir Popereshnyuk, co-owner of the NOVA group of companies.
He clarified that France became the 14th European country to enter the market.
According to the press release, Nova Post’s post office in Nice accepts parcels up to 100 kg, with delivery costs of UAH 900 for documents, UAH 950, UAH 1.5 thousand and UAH 2.5 thousand for parcels up to 2 kg, 10 kg and 30 kg, respectively. For parcels over 30 kg, customers will have to pay an additional UAH 100 for each kilogram of parcel.
Customers can also order courier delivery of parcels up to 1 thousand kg to any address in France. For parcels up to 30 kg, you will have to pay an additional UAH 100, or UAH 250 for every 100 kg of weight if the cargo is over 30 kg.
The company’s partner in targeted services is the local company Chronopost. You can send a parcel from Ukraine to one of the 17 thousand Chronopost parcel delivery points located throughout France.
It is specified that thanks to its partners, Nova Poshta now has more than 35 thousand service points in Europe.

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Energy imports, forecast, bln dollars

Energy imports, forecast, bln dollars

Source: Open4Business.com.ua and experts.news

State Enterprise “Forests of Ukraine” earned UAH 11.1 bln in six months

In January-June 2024, the State Enterprise “Forests of Ukraine” earned UAH 11.14 billion, which is significantly more than in the same period in 2023, said the company’s CEO Yuriy Bolokhovets.
“The absence of in-house processing is fully compensated by a 15% increase in sales of unprocessed wood,” he wrote on his Facebook page.
Bolokhovets also noted that the state-owned enterprise has also lost significant subsidized assets, which the State Property Fund sells through Prozorro. Keeping non-core assets for years only drained the company’s funds, he explained.
“As a result, we expect a significant increase in the company’s profits. It’s too early to talk about specific figures, but it’s hundreds of millions of hryvnias more than last year,” the CEO emphasized.
Such decisions allowed the company to increase salaries of lower-level employees – forest masters and assistant foresters – and to increase social guarantees for demobilized employees, of which the company has more than 500.
In addition, the state-owned enterprise was able to raise prices for contractors and increase spending on the Armed Forces of Ukraine.
“The reform has changed everything. The State Enterprise “Forests of Ukraine” has moved to a model of market wages and transparent conditions for organizing production,” summarized its CEO.
According to the Opendabot service, the total profit of the State Enterprise “Forests of Ukraine” in 2023 amounted to UAH 2.8 billion.
As reported, Ukraine launched a forestry reform in 2016. As part of it, the sale of raw wood at electronic auctions has already been introduced. Since 2021, an interactive map of wood processing facilities has been operating in a test mode in a number of regions.
The industry has implemented the Forest in a Smartphone project, which contains a list of logging tickets for timber harvesting and allows you to check the legality of logging on the agency’s online map.
On June 1, 2023, Ukraine launched a pilot of electronic issuance of logging tickets and certificates of origin of timber. In addition, the State Enterprise “Forests of Ukraine” has launched a pilot project to procure timber harvesting services through the electronic platform Prozorro.