Business news from Ukraine

Business news from Ukraine

Almost 200 new cafes and restaurants opened in Kiev in January-May 2023 – Association

In January-May 2023 in Kiev opened 172 cafes and restaurants, since the beginning of the war – about 350 institutions, said the agency “Interfax-Ukraine” co-founder of the National Restaurant Association of Ukraine Olga Nasonova.
“About 60% of Kiev’s openings are small-format establishments: coffee shops, bakeries, shawarma places, something in MAFs, something indoors. The area of up to 100 square meters. m. Microbusiness, but if it is a lot – it is power. Very few big restaurants were opened, more often it was a rebranding of existing locations,” she specified, adding that there were practically no pubs among the openings.
“Bars have reared their heads a bit, but restrictions on operating until 10 p.m. greatly reduce their profitability,” Nasonova noted.
For the popularity of establishments, the issue of safety is at the top of the list. This explains the best performance of pubs and bars in basements, as well as the geography of new openings. Activity of food zones in shopping malls is gradually recovering. The most “restaurant” zones of the city are Podol and Yarostavov Val Street, the activity is higher in the areas of old buildings than in new residential complexes.
“There are up to 50% of residents left in elite residential complexes, and the old residential areas are full of people, including because there is more affordable rental housing for people who moved there,” – the expert explained.
As for prospective formats, in the near future, demand will also focus on mini-formats. “Investment in the launch of a coffee shop with an area up to 50 sq. m. – from $10 to $30 thousand. The rush demand – in locations with good traffic”, – said Nasonova.
Created in 2021, the National Restaurant Association of Ukraine in July 2022 had more than 100 members, 370 restaurants and cafes, under management – 164 thousand square meters. m.

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Pavlograd Chemical Plant to Build New Waste Storage Facility

The state enterprise “Scientific-Production Association “Pavlograd Chemical Plant” (“NPO PHZ”, Dnipropetrovsk region) intends to build a new waste storage facility in Kamenskoye, Dnipropetrovsk region.
According to the documentation at the disposal of Interfax-Ukraine Agency, the proposed activities are defined by categories 1-3 “Installations for production or enrichment of nuclear fuel, facilities for reprocessing spent nuclear fuel and high-level radioactive waste, facilities for disposal of radioactive waste, storage (over 10 years) or reprocessing of spent nuclear fuel or radioactive waste outside the facility”, and also by category 1-8.1 – “Operations in the field of hazardous waste management (storage, treatment, reprocessing, storage of spent nuclear fuel and radioactive waste)”.
In this case it is specified that the activity consists in responsible management of REM (radioactively contaminated materials – IF), formed as a result of previous activities at the State Enterprise Uranium Ore Treatment Plant, their safe removal and transportation to places of storage – Phase 3 (U4.02/20) of the EU program.
The construction timeline and the amount of funds for the project are not made public.
It is also reported that this project will be handled by Limited Liability Company (LLC) Zlato-Stroy.
NPO PHZ specializes, among other things, in development of technologies for production and recycling of explosive materials and products, production of explosives, solid rocket fuel mixtures and products with them, drilling and blasting operations. The enterprise provides utilization of various types of ammunition unsuitable for storage, including solid rocket fuel (SRF).

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Rabies cases among animals are increasing in Ukraine – Ministry of Health

In Ukraine, the number of rabies cases among animals has increased, the Ministry of Health forecasts an increase in the number of animal bites and appeals for anti-rabies assistance.
This was reported by Health Minister Viktor Lyashko during a meeting of the state commission on technogenic and environmental safety and emergency situations (TES and emergencies).
“There are more and more cases of rabies among animals in the country. As a consequence, an increase in the number of animal bites and people seeking anti-rabies help is possible,” the Ministry of Health said on its website.
The Ministry notes that local authorities together with the State Service for Consumer Rights Protection must take urgent measures to vaccinate and capture animals.

World food prices continued to decline – FAO

Global food prices in June continued to decline, according to the latest review of the FAO (Food and Agriculture Organization of the United Nations).

The food price index averaged 122.3 points last month, down 1.4 percent from May and 23.4 percent from its peak in March 2022.

The Cereal Price Index was down 2.1 percent in June compared with May and 23.9 percent year-over-year. The decrease was due to a drop in world prices for all major grains. Feed grain fell in price most of all – by 3.4%.

The vegetable oil price index fell 2.4% from May to its lowest level since November 2020. “The continuing decline in the value of this index is due to a drop in world prices for palm and sunflower oils amid a slight increase in soybean and rapeseed oil prices,” the survey explains.

The index of prices for dairy products for the month decreased by 0.8%, in annual terms – by 22.2%. “The decrease registered in June is connected with decrease of the international prices for cheese, conditioned by availability of considerable export supply, first of all, in Western Europe against the background of seasonal increase of milk production and some reduction of retail sales,” is said in the review.

The meat price index remained virtually unchanged in June, while in annual terms it decreased by 6.4%. “The growth of international quotations for poultry and pork in June was almost completely leveled out by a decrease in quotations for beef and mutton, – explained the experts. – International prices for poultry continued to rise, which is explained by high import demand from East Asia. In turn, growth of pork prices is connected with remaining limited supply in leading producing regions, primarily in the European Union.

The June sugar price index was 3.2% lower than in May and was its first decline since an uninterrupted four-month rise. On an annualized basis, international quotations are still 29.7% higher. “The decline in international sugar prices recorded in June is mainly due to a good sugarcane crop in Brazil and reduced import demand globally, especially from China, the world’s second largest sugar importer,” the survey said.

The FAO Food Price Index is a weighted average of international prices of five major food commodity groups.

More than 216,000 employees of IT companies worldwide have been laid off since beginning of year

More than 216,000 workers in the technology industry worldwide have lost their jobs since the beginning of 2023, a study by Layoffs.fyi shows.
At the same time, the number of people laid off has increased more than eightfold since mid-January, MarketWatch notes.
The data suggest that the number of layoffs in the tech sector at the end of 2023 will be significantly higher than last year. For example, since the beginning of this year, 837 tech companies have laid off 216,328,000 people. Last year, 1,024,000 companies laid off 154,34,000 employees, according to Layoffs.fyi.
That included Niantic Inc. last week, creator of the popular game Pokemon Go, announcing 230 layoffs, and in late June, trading platform Robinhood Markets announced 150 job cuts.
Tech companies announcing layoffs this year include U.S. Amazon.com Inc., Electronic Arts, Roku Inc., Palantir Technologies, Twilio Inc., DocuSign Inc., Salesforce Inc., Zoom Video Communications, eBay, Dell Technologies, PayPal Holdings, International Business Machines, Intel Corp., Microsoft Corp., Alphabet Inc. as well as Germany’s SAP and Sweden’s Spotify Technology.

Zelensky came to Slovakia

Ukrainian President Vladimir Zelensky began his visit to Slovakia.
“Next up is Slovakia. Important meetings in Bratislava with President Zuzana Chaputova, Prime Minister Ludovit Odor, National Council Chairman Boris Kollar,” he wrote Friday in his Telegram channel.
“Together with our reliable neighbor we talk about concrete defense support and Euro-Atlantic integration of Ukraine, the NATO summit and the Peace Formula, bilateral cooperation, energy security,” Zelensky also wrote.

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