The volume of computer services in January-September 2022 increased by 13% and amounted to almost $5.5 billion, the IT Ukraine Association (ITU) reported, citing data from the National Bank of Ukraine.
“According to the results of nine months of this year, the national IT industry maintains a positive growth trend and remains the only export industry that consistently generates foreign exchange earnings in the Ukrainian economy during the war. Ukrainian companies continue to work continuously and complete projects, pay taxes on time, attract investments and new customers , to actively enter the global market,” the message on the association’s website emphasizes.
According to the NBU, in the first nine months of 2022, the volume of computer services increased by 13%, to almost $5.5 billion. At the same time, the amount of taxes and fees paid by the IT industry for this period amounted to UAH 48 billion.
The Association emphasized that the Ukrainian IT business is doing everything possible to ensure maximum readiness for any scenario of events in Ukraine due to the full-scale war unleashed by the Russian Federation.
“Companies are constantly adapting their infrastructure to wartime realities: key systems are brought into the cloud, the network of Internet providers is diversified, including through the Starlink global satellite system, office premises are equipped with generators to provide backup power supply,” the ITU explained.
According to the association, up to 15% of IT specialists are also involved in the Cybertroops, and 3% of IT specialists defend the country with weapons in their hands. The remaining 82% work further in companies that support the economic front of the state, actively donate and volunteer. According to ITU estimates, the total amount of donations from the Ukrainian technology sector has already exceeded $500 million.
At the same time, the report indicates that, compared with previous years, the growth rate of the industry has slowed down and does not correspond to pre-war forecasts for 2022. In order to preserve and further develop the industry in the country, it is important to resolve at the state level a number of issues important for the industry related to personnel in the context of martial law.
“In addition to the objective reasons for this trend related to the war, it is critically important to resolve the issue of booking IT specialists, allow them to temporarily travel abroad to support business activities and work with clients, maintain Ukrainian tax residency of companies and specialists,” the executive director of the association emphasized. Konstantin Vasyuk.
According to him, state support in resolving these issues is of key importance.
During a telephone conversation with Ukrainian President Volodymyr Zelensky on Tuesday, French President Emmanuel Macron agreed to hold an international conference on assistance to Ukraine in the coming winter in Paris on December 13, the Elysee Palace said on Tuesday.
“The President of the Republic (…) expressed his determination to help Ukraine weather the approach of winter (…). He indicated that France would increase its support in this regard and take part in international mobilization (aid). The two presidents agreed to organize on December 13 in Paris an international conference in support of the civil resilience of the country during the winter period,” the presidential office said in a communiqué.
We are talking, in particular, about the restoration of infrastructure, electricity and water supply.
The document says that for this “preparatory work with other partners of Ukraine will begin in the near future.”
In addition, according to the communiqué, Macron and Zelensky also agreed on the organization of a bilateral conference aimed at helping Ukraine from French enterprises, which will be held on December 12.
Imports to Ukraine of foreign alcoholic products labeled “Cognac”/”Cognac” have been suspended since November 1, 2022, as this name no longer meets the technical conditions for this drink, provided for by the Ukraine-EU Association Agreement.
As reported on the website of the Ministry of Agrarian Policy and Food of Ukraine on Tuesday, this agreement, which entered into force on September 1, 2017, provides for mutual protection between the countries of a certain number of geographical indications (GI) in Ukraine, among which there is Cognac.
Thus, from November 1, the use of the name “Cognac” / “Cognac” in Ukraine for products originating from third countries no longer meets the technical requirements for the production of the drink “Cognac” and is now prohibited on the territory of Ukraine.
It is recalled that on January 24, 2022, as a result of the adoption of new regulations that include GI protection, the name “Cognac” / “Cognac” was included in the customs register, which is a prerequisite for the introduction of GI protection on the territory of Ukraine.
In addition, a transitional period has been established so that importers can change the labels on their products to comply with this GI. The transitional period has been extended until October 31, 2022 (inclusive), taking into account the aggression of the Russian Federation and the imposition of martial law in Ukraine.
“Starting from November 1, 2022, the Ukrvinprom Corporation, together with the National Interprofessional Bureau of Cognac, is responsible for the protection of the State Institution Cognac in the country and abroad and will take the necessary measures against products imported and presented under the name Cognac / Cognac “if they do not meet the technical conditions established for this GI in accordance with the Association Agreement signed between the EU and Ukraine,” summed up the Ministry of Agrarian Policy.
The state budget of Ukraine for January-October 2022 was executed with a deficit of UAH 638.7 billion, including the general fund – UAH 643.4 billion against the deficit of UAH 1,121.6 billion planned by the general fund for January-October 2022 hryvnia, said the Ministry of Finance.
“In October, the actual deficit of the state budget amounted to UAH 143.4 billion, including the general fund – UAH 147.1 billion,” the agency said in a release on Tuesday.
According to the operational information of the State Treasury, as indicated by the Ministry of Finance, in January-October 2022, the cash expenditures of the state budget amounted to UAH 1,978.6 billion, including the general fund – UAH 1,817.4 billion, or 86.4% of the list of the reporting period .
“At the same time, in October 2022, cash expenditures of the state budget were made in the amount of UAH 231.7 billion, including the general fund in the amount of UAH 222.5 billion,” the Ministry of Finance specified.
According to him, the income of the general fund in October amounted to UAH 72.8 billion.
Sales of generators and power banks in September-October 2022 increased 10 times compared to the same period in 2021 in the ALLO national marketplace network, the company’s press service told Interfax-Ukraine.
“The demand for goods marketplace” ALLO during the war has changed a lot. Now Ukrainians are buying generators, heaters, lights, charging stations. They also continue to buy the necessary electronics, goods for remote work, study and everyday life – these categories of goods do not lose popularity, although overall demand has decreased. Sales of clothing, footwear, school uniforms, children’s products and toys fell by 90%. Until December, there will be a deficit for generators, solar panels, power banks,” said Natalya Pankratova, COO of ALLO Group and head of the allo.ua marketplace.
At the same time, generator sales increased 10 times in September 2022 compared to September 2021. In October, the jump has slightly decreased: the increase in sales this month is five times.
“The average bill (for generators) as a whole increased by 82% over the year and amounted to more than UAH 30,000,” Pankratova said.
Most often, Ukrainians choose compact generators of 2.5-2.8 kW. Owners of private houses prefer dual-fuel generators, diesel and gasoline, 5.5 kW or more.
Powerbank sales also increased 10 times compared to 2021. At the same time, the company noted that in the pre-war period, less capacious models were popular, now models with a capacity of 20,000 mAh, which are suitable for smartphones, start-watches and tablets, are in high demand.
According to the results of the third quarter of 2022, the average check in this category is UAH 2,000.
The company noted that during the war there was a demand for charging stations, before the war, consumers had enough power banks. The average bill of charging stations for the third quarter is UAH 28,000.
Partners of the national marketplace “ALLO” are thousands of Ukrainian entrepreneurs offering goods in more than 3 thousand categories. At the beginning of the Russian military invasion, demand for all goods, without exception, fell by 80-90%. Most partners of the ALLO marketplace did not work until April, now more than 75% of merchants have resumed work.
LLC “Allo” was founded in 1998. As of February 2022, the network consisted of 340 outlets in 140 cities of Ukraine. Now more than 270 outlets are open.
According to the latest data from the opendatabot resource, the participants of Allo LLC are PE Dniproinvest 2016 (95.19%), Dmitry Derevitsky (3.6%), Maxim Raskin (1.21%). The ultimate beneficiary is Derevitsky.
Quotes of futures for US stock indices are rising on Tuesday, investors are waiting for the results of the November meeting of the US Federal Reserve System (FRS) and evaluate corporate reporting.
The Fed meeting will end on Wednesday evening. As expected, following its results, the key interest rate will be raised again by 75 basis points, up to 3.75-4% per annum. The main attention of market participants will be focused on statements by Fed Chairman Jerome Powell regarding the further pace of policy tightening, writes The Wall Street Journal.
Since March, the US Central Bank has already increased the rate by 3 percentage points, the highest rate since the early 1980s, to slow inflation.
The Institute for Supply Management (ISM) will release the October value of the US ISM Manufacturing Index at 5:00 p.m. Thursday. Analysts polled by Trading Economics predict that the indicator fell to 50 points from September’s 50.9 points.
The price of Pfizer Inc. (SPB: PFE) increases by 3.5%. The pharmaceutical giant posted a 5.7% increase in third-quarter net income, with better-than-expected adjusted figures and revenue.
Another pharmaceutical company, Eli Lilly and Co. (SPB: LLY), downgraded its full-year guidance, sending shares down 3.3% despite strong quarterly performance.
Shares in medical device maker Abiomed (SPB: ABMD) soared 51% in pre-trade on news that Johnson & Johnson (SPB: JNJ) (J&J) is acquiring the company for $16.6 billion.
The market value of Uber Technologies (SPB: UBER) jumped 12%. The taxi and food delivery company posted a loss in the third quarter of 2022, but its revenue increased more than expected, and its forecast for the current quarter was also better than analysts’ estimates.
Herbalife Nutrition Ltd stock quotes. decrease by 1%. The supplement maker withdrew its full-year guidance, reporting a decline in net income and revenue in the third quarter of 2022, and also announced the departure of the chief executive officer.
Paper Goodyear Tire & Rubber Co. (SPB: GT) become cheaper by 8%. The tire maker cut its net income by a factor of three in the quarter, with adjusted earnings and revenue falling short of analysts’ forecasts.
The value of the December E-mini futures on the Dow Jones index by 15:26 qoq increased by 0.7% and amounted to 33,005 points. Quotation of the December E-mini futures on the S&P 500 rose by this time by 1.06%, to 3924.25 points. Futures on the Nasdaq 100 for December jumped 1.35% to 11,602.25 points.
