Business news from Ukraine

Business news from Ukraine

Volume of construction works in Ukraine in January-March jumped by almost 60 – statistics

The volume of completed construction works in Ukraine in January-March 2024 increased by 56.7% compared to the same period of 2023 – up to 35.5 billion UAH, according to the data of the State Statistics Service (Gosstat).

In March-2024, the index of construction products exceeded the index of March-2023 by 69.3%, and the previous month – by 92.3%, notes the State Statistics Service.

As reported by the State Statistics Service, in January-March 2024 to the same period of 2023, the growth in the volume of

construction was observed in all segments. Thus, in residential construction growth amounted to 39.2%, in non-residential – 49%, in engineering – 66%.

According to seasonally adjusted data of the department, the indexes of construction output in March-2024 in residential construction amounted to 55.9%, in non-residential construction – 105.5%, in engineering – 193.4%, and taking into account the effect of calendar days, the indicators are 52.1%, 82.6% and 148.6% respectively.

The proportion of new construction to the total volume of completed construction works in the first quarter amounted to 46.7%, repair – 25%, reconstruction and technical re-equipment – 28.3%.

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

 

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Diplomatic reception in honor of Slovenia’s Statehood Day was held in Kyiv

On Monday, June 24, the Embassy of the Republic of Slovenia in Ukraine held a reception in honor of one of the most important holidays of the country – Statehood Day, which is celebrated annually on June 25 in memory of the country’s declaration of independence from Yugoslavia in 1991.

According to the Embassy’s press service, among the guests of the event were representatives of diplomatic missions of foreign states accredited in Ukraine, Ukrainian statesmen, members of the Slovenian community.

Ambassador Extraordinary and Plenipotentiary of Slovenia to Ukraine Mateja Prevolšek made a welcoming speech, thanking all those present for showing attention to this important day and emphasized that Ukraine and Slovenia have a lot in common.

“Tiny in terms of territory and population Slovenia at first glance may not seem similar to Ukraine, except for a little bit of languages. If we go beyond the first impression and ideological, cultural or geographical surprises of one kind or another, we can easily recognize the similarities and, if I may say so, the sisterhood between our two countries,” she said.

The ambassador noted that against the backdrop of the changing balance of power in the 1980s, the people of Slovenia decided for independence and the beginning of new relations with their neighbors, other European countries and the world.

“It was not easy, we were attacked and bombed. Our military and diplomats managed to limit the aggression to 10 days. Especially important was the support we received,” emphasized Prevolszek.

The head of the diplomatic mission assured that Slovenia consistently supports Ukraine and its brave people in the fight against Russian aggression, and is a steadfast friend and partner of Ukraine.

“Slovenia’s independence celebration is a time to reiterate our commitment to help Ukraine not only defend itself, but also commit to a bright future in the EU and NATO family,” the diplomat concluded.

On June 27, Slovenian President Natasa Pirtz Musar is planning her visit to Kiev. During the visit, she will sign a bilateral security agreement with Ukraine.

On 11 December 1991, the Slovenian Assembly recognized Ukraine’s state independence. On the same day, Ukraine became one of the first European countries to recognize the state independence of the Republic of Slovenia. On March 10, 1992, Ukraine and Slovenia signed an agreement on the establishment of diplomatic relations. The Embassy of Slovenia in Kyiv was established in April 2004.

See more photos here: https://www.facebook.com/UkrDiplomatic/

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Experts Club and Bunker Club to hold charity wine evening

A charity wine evening will be held in Kyiv with the support of the Experts Club think tank and the UKRSADVINPROM association. The venue and time will be announced later.

The topic of the evening: Ukraine from West to East.

The program includes a presentation of 12 varieties of Ukrainian wine.

Phone number for reservations and payments: 0671822565

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One third of Kyiv’s new buildings joined eHouse program

Only a third of Kyiv’s new buildings have joined the state program of preferential mortgage lending “eOselya”, the press service of the investment and development company City One Development told Interfax-Ukraine.

“The number of residential buildings in the capital where you can buy housing under the terms of the state mortgage program eHouse is increasing, now there are 48 of them, which is a third of the primary market in Kyiv. The vast majority of them offer housing in completed and commissioned buildings or in the final stages of construction. Only 13 residential complexes in the capital offer the opportunity to buy an apartment at the construction stage,” said Olena Shyshyna, an analyst at the company.

In her opinion, despite the constant changes, expansion of conditions and increase in the number of participants in the “eHouse”, the number of objects on the primary market, where you can buy an apartment under the state program, is still not enough to stimulate interest in new buildings.

According to the program manager, Ukrfinzhytlo, as of June 24, loans were issued to 11036 program participants for UAH 17.472 billion. Of these, only 359, or 3.25%, were for housing under construction.

The eOselya affordable mortgage program was launched in Ukraine in October 2022. Contract servicemen of the Armed Forces of Ukraine, employees of the security and defense sector, healthcare workers, teachers, and researchers can apply for a preferential mortgage at 3% per annum for up to 20 years with a down payment of 20% of the cost of housing.

Starting from August 1, 2023, war veterans, combatants, internally displaced persons (IDPs) and citizens who do not have their own housing larger than the standard area can apply for the eHouse program at a 7% discount.

Under the terms of the program, privileged categories of participants can purchase housing in a building under construction and buildings not older than 10 years (in the capital and regional centers), while other participants can purchase housing in a building not older than 3 years or a building under construction.

Eight partner banks participate in the program: state-owned Oschadbank, PrivatBank, Ukrgasbank, Ukreximbank, Sens Bank, as well as Globus Bank, Sky Bank, and Bank Credit Dnipro JSC.

City One Development is an investment and development company that provides a range of services in the creation and development of real estate. Among the company’s projects in the capital are Novopecherski Lypky, Boulevard of Fountains, and Sviatobor. The portfolio of completed projects includes more than 900 thousand square meters, 600 thousand square meters under construction.

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Pharmacy sales in Ukraine increased by almost 14% in monetary terms

In January-May 2024, pharmacy sales in Ukraine increased by 13.87% in monetary terms compared to the same period in 2023 – to UAH 80.159 billion, while in physical terms they decreased by 4.2% to 491.363 million packs.

According to Business Credit, according to its research, the weighted average price of pharmacy basket goods during this period was UAH 163.14, which is 18.86% more than in the same period in 2023.

At the same time, pharmacy sales of medicines in January-May 2024 amounted to UAH 62.827 billion, which is 13.72% more than in the same period in 2023, but in physical terms, pharmacy sales of medicines decreased by 4.45% to 345.722 million packs.

The weighted average retail price of medicines in January-May 2024 amounted to UAH 181.73 per unit, which is 19% higher than a year earlier.

In addition, according to Business Credit, in monetary terms, pharmacy sales of medical cosmetics showed the highest dynamics in January-May 2024, which increased by 20.72% to almost UAH 2.035 billion, while in physical terms, pharmacy sales in this segment increased by 10.87% to 11.483 million packs. The weighted average price in this segment amounted to UAH 177.2 in the first five months of the year, which is 8.88% higher than a year earlier.

In addition, dietary supplements are among the leaders in pharmacy sales, which grew by 20% in monetary terms to UAH 8.514 billion, but in physical terms remained at the last year’s level – 43.208 million packs (up 0.97%).

As reported, in 2023, pharmacy sales in Ukraine increased by almost 21.67% in monetary terms compared to 2022, to UAH 174.249 billion, while in physical terms they decreased by 4.76%, to 1.218 billion packs. The weighted average price of pharmacy sales last year amounted to UAH 142.96 per unit, which is 27.75% more than in 2022. At the same time, sales of medicinal products in pharmacies increased by 19.69% in monetary terms to UAH 136.246 billion, while sales in physical terms decreased by 3% to 858.55 million packs. Their weighted average price increased by 23.5% to UAH 158.69 per unit.

In January-March 2024, pharmacy sales in Ukraine increased by 14.8% in monetary terms compared to the same period a year earlier to UAH 48.532 billion, while in physical terms they decreased by 3% to 300.373 million packs. The weighted average price of pharmacy basket products in this period amounted to UAH 161.57, which is 18.39% more than in the first quarter of 2023.

“Naftogaz” received almost UAH 11 bln in net profit in Q1

The net consolidated profit of the Naftogaz Group in January-March 2024 amounted to UAH 10.9 billion against a net loss of UAH 1.9 billion in the first quarter of last year, the press service said on Friday.

According to the press service, the group’s consolidated operating profit in the first quarter of 2024 amounted to UAH 12.4 billion, which is 3.6 times more than in January-March 2023 (UAH 3.4 billion).

At the same time, in January-March 2024, Naftogaz Group paid UAH 18.2 billion in taxes to the state budget, which is 6% of all payments controlled by the State Tax Service of Ukraine.

“Naftogaz remains Ukraine’s backbone in times of war. We are working together to improve our position by showing an increase in financial performance. In the first quarter of 2024, we also improved the financial result of the group’s parent company, NJSC Naftogaz of Ukraine. It earned a net profit of UAH 8.1 billion, which is UAH 0.4 billion more than in the same period of 2023,” said Oleksiy Chernyshev, CEO of Naftogaz.

He also recalled that at the end of March 2024, the group successfully completed the 2023/2024 heating season under PSO without receiving any additional funding from the state.

As reported, in 2023, the net consolidated profit of Naftogaz Group amounted to UAH 23.1 billion, compared to a loss of UAH 79.1 billion in 2022.

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