Ukraine will stop clear-cutting of main use in the mountain forests of the Carpathians from 2027 and will switch to selective “re-formation logging”, said the head of the State Agency of Forest Resources of Ukraine Viktor Smal in an exclusive interview with the agency “Interfax-Ukraine”.
“This is a revolution. We have given the industry three years to prepare, train staff and switch to methods closer to natural ones,” he said. According to Smal, the new approach will increase the resilience of ecosystems to climatic and biotic factors and ensure continuous natural regeneration of the forest.
State Forestry Agency: timber stock can grow three times faster with nature-like forestry
The State Agency of Forest Resources of Ukraine is a central executive body coordinating the management, protection, reproduction and rational use of forest resources of the country. The agency supervises more than 70 state enterprises, including the State Enterprise “Forests of Ukraine”, as well as scientific, conservation and inventory institutions.
The state forest fund of Ukraine is 10.4 million hectares, of which 9.6 million hectares are covered with forest, and about 2 million hectares are occupied by self-forested territories, the head of the State Forestry Agency Viktor Smal said in an exclusive interview with Interfax-Ukraine.
He specified that the State Forestry Agency manages 73% of the forest fund, 13% are communal forests, 1% are defense forests, and 6% are in the use of other agencies. “About 7% of forests are historically not provided for use, and we seek their transfer to state enterprises. We have already received positive decisions on about half of the 45,000 hectares of submitted applications,” he said.
The State Agency of Forest Resources of Ukraine is a central executive body coordinating the management, protection, reproduction and rational use of forest resources of the country. The agency supervises more than 70 state enterprises, including the State Enterprise “Forests of Ukraine”, as well as scientific, environmental and inventory institutions.
Apple Inc. intends to continue increasing investment in business development in China and further strengthening cooperation with the aim of achieving mutually beneficial development, said the company’s chief executive Tim Cook at a meeting with China’s Minister of Industry and Information Technology Li Lichen.
The minister noted that China’s massive domestic market and comprehensive industrial system have enormous potential in terms of investment and consumption, according to Xinhua News Agency.
“We hope that Apple will continue to develop the Chinese market, actively participate in China’s reindustrialization, and work with Chinese companies to promote innovative development across the entire production chain,” Li Lichen said.
He added that China is committed to a policy of openness to the outside world, intends to promote the application of intelligent technologies in industrialization and the intelligent transformation of industry, and will contribute to the creation of a favorable business environment for enterprises with foreign capital participation, including Apple.
The ability to sell domestic government bonds (OVDPs), as well as the ability to buy them, is now available to customers of JSC OTP BANK in the OTP Bank UA application.
Thus, the Bank has implemented a full cycle of online management and remote trading of bonds – from opening securities accounts to buying, receiving interest and selling them.
In order to sell government bonds from your bond portfolio, you need to go to the “Accumulation” menu item in the application, select ‘Bonds’, click “Sell bonds” and select the securities and the amount you want to put up for sale.
“We have made the purchase and use of government bonds as easy, convenient and profitable as possible for our clients. A few clicks and the bonds are in your portfolio. If you decide to sell them, it is also easy to do it through the app, without visiting the Bank’s branches. This is how we open up new investment opportunities,” said Valeria Ovcharuk, product owner of OTP Bank.
In total, since the launch of the service for the sale of government bonds in the application, individual customers have purchased government bonds for a total amount of almost UAH 21 billion in equivalent.
It is worth reminding that government bonds can be purchased in the OTP Bank UA app directly at auctions of the Ministry of Finance or from the Bank’s portfolio. The second option allows you to choose the optimal bond rate and maturity, currency of the government bonds and interest accrual at any time of the day and on any day, regardless of the date of the auctions.
To learn more about investing in domestic government bonds through the OTP Bank UA app, please follow the link.
Nearly 480 household owners have received microgrants from the Ukrainian Red Cross (URC) to develop or rebuild their own businesses.
“The Ukrainian Red Cross continues to support people who are striving to rebuild their lives and secure a stable income. As part of the “Reboot: Expanding Employment Opportunities” program, 478 household owners have already received UAH 47.8 million in microgrants to implement their own business plans,” the Communications and Marketing Department of the National Committee of the Red Cross Society of Ukraine reported on Wednesday.
The program participants were people who suffered from the war, in particular due to the loss of their jobs, homes, or businesses.
The selection of participants took place in two stages. The first wave of the competition ended in July this year and covered eight regions and the city of Kyiv. The second wave was held in Vinnytsia, Ivano-Frankivsk, Kirovohrad, Lviv, Mykolaiv, Poltava, Ternopil, Cherkasy, and Khmelnytskyi regions, as well as in Kyiv.
The supported businesses operate in various fields, including: repair services and workshops; the beauty industry – hairdressing, cosmetology, and manicure services; public catering – cafes, bakeries; manufacturing and trade – plumbing, construction, and children’s goods; educational services, children’s rooms; animal husbandry, beekeeping, and plant growing.
The UCC’s “Reboot” program is implemented with the support of the Spanish, Danish, and Swiss Red Cross.
The program has been in operation since 2024 and aims to support micro-entrepreneurship among internally displaced persons, veterans, their family members, and representatives of other vulnerable population groups.
Source: https://interfax.com.ua/
The State Forestry Agency, together with relevant ministries, is preparing measures to increase timber harvesting in 2026 and transition to new management methods in 2027, the agency’s head Viktor Smal told the Interfax-Ukraine news agency.
“With reasonable deregulation, revision of standards, and expansion of the use of self-forested areas, we will be able to increase stable harvesting while remaining within the limits of annual growth,” he concluded.
The State Forestry Agency of Ukraine is the central executive body that coordinates the management, protection, restoration, and rational use of the country’s forest resources. The agency oversees more than 70 state-owned enterprises, including the State Enterprise “Forests of Ukraine,” as well as scientific, environmental, and inventory institutions.
