Business news from Ukraine

Business news from Ukraine

Over past four months, number of bankrupt people in Ukraine has almost doubled

More than half of the bankrupts are Ukrainians aged 25 to 45

651 bankruptcy cases are currently open, according to the Supreme Court of Ukraine. The number of cases has almost doubled in the last 4 months of this year. The largest number of bankrupts is in Kyiv and its region and in Dnipropetrovs’k region. 64% of bankrupts are people aged 25 to 45.

651 bankruptcy cases have been opened in Ukraine this year. The number of cases has almost doubled since the beginning of summer.

So far, more bankruptcy cases have been opened against Ukrainians than in the whole of last year: 575 such cases were considered then.

Most often, people aged 25 to 45 apply to be declared insolvent – 64.1% of bankrupts. Another 28.7% are over 45 years old.

51% of bankrupts are women, and another 48% are men.

Most bankrupts are in the capital: 95 cases or 15% of the total number. Kyiv region follows with 58 or 9%. Dnipropetrovs’k region closes the top with 53 cases, which is 8% of the total.

Denys Lykhopiok, Insolvency Receiver, believes that the current dynamics is most likely a “pent-up demand” rather than a rapid growth caused by any one factor.

“It should be understood that at the beginning of the full-scale war, people did not have time to deal with debts – they were prioritizing survival.

At the same time, there was a moratorium on the collection of most debts in enforcement proceedings for more than a year. Even after the moratorium was lifted, private and public bailiffs reminded debtors of their obligations. This may have been the driving force that prompted people to seek a solution to their debts through insolvency proceedings.

In addition, Ukraine is already developing a positive judicial practice in bankruptcy matters,” comments Denys Lykhopiok, attorney at law, insolvency officer, member of the Qualification Commission of Insolvency Officers, and bankruptcy specialist.

Context.

The Verkhovna Rada allowed citizens to become bankrupt back in October 2018. The procedure became fully operational in 2019. Since then, a person in a difficult financial situation can initiate bankruptcy and, after going through the entire procedure, get rid of debts.

https://opendatabot.ua/analytics/people-bankrupts-2024-10

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“Kyivpastrans” has announced tender for purchase of five three-section trams for UAH 493 mln

Kyivpastrans municipal enterprise intends to purchase five fully low-floor three-section self-propelled tramcars with a length of 25.5-28 m by December 31, 2025, for an expected amount of UAH 493 million 071.4 thousand.
According to Prozorro, the relevant tender was announced on October 18, with bids accepted until October 28.
The technical conditions stipulate that the trams should be produced no earlier than 2024, have at least 60 seats and at least one seat for a wheelchair passenger, and have USB ports for charging gadgets in the cabin.
In addition, the vehicle must have an autonomous range of at least 1 thousand meters on a horizontal straight line. The warranty period is 24 months from the date of commissioning.
The terms provide for 100% cash on delivery within five working days from the date the buyer signs the invoice for the actually delivered batch of goods.
According to the AllTransUA portal, two models of trams already in operation in Kyiv – manufactured by Polish Pesa and Ukrainian Tatra-Pivden – meet the criterion of the length of the cars stipulated by the technical specifications, while the car manufactured by Lviv-based Electron does not meet the requirements (the length of the three-section Electron tram is 19.5 m – IF-U).

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New Japanese Ambassador arrives in Ukraine

The new Ambassador of Japan to Ukraine, Masashi Nakagome, has arrived in Ukraine, the Japanese Embassy has reported.
“We are pleased to welcome the new Ambassador of Japan to Ukraine, Masashi Nakagome! With many years of experience in diplomacy and international relations, he is ready to continue strengthening the ties between Japan and Ukraine. We are looking forward to starting a new chapter in relations between Japan and Ukraine!” reads the message on the page of the Embassy of Japan in Ukraine on the social network X.
As reported, in October 2024, Ambassador Extraordinary and Plenipotentiary of Japan to Ukraine Matsuda Kuninori completed his diplomatic mission in Ukraine. He had served as Ambassador to Ukraine since October 2021.

Forecast of dynamics of changes in ukrainian GDP in % for 2022-2025 in relation to previous period

Forecast of dynamics of changes in ukrainian GDP in % for 2022-2025 in relation to previous period

Open4Business.com.ua

Prices for apples in Ukraine set new records

This week prices for apples in Ukraine have resumed their growth, according to analysts of the EastFruit project. According to the producers themselves, the next increase in prices in this segment is due to a reduction in the supply of apples of winter varieties in the domestic market. At the same time, the demand from buyers remains quite high, which stimulates the rise in price of these products in the Ukrainian market.

To date, apples are offered for sale in the range of UAH 17-25/kg ($0.41-0.61/kg), depending on the variety, quality and volume of the offered batch, which is on average 13% more expensive than at the end of last week. Current prices for apples in Ukraine are still the highest at least for the last 7 years of monitoring!

At the same time, the supply of quality apples on the market is rather limited, as many producers prefer not to hurry with sales, and the entire volume of winter apples is put in storage in the hope of more intensive price growth in this segment both on the domestic market and higher prices on the part of exporting companies.

Read also: The growth of prices for cucumbers in Ukraine continues – 26% since the beginning of the week

As a result, already today apples in Ukraine cost buyers on average 54% more expensive than in the same period last year. At the same time, market operators note that the price growth did not contribute to the decrease in demand for apples, therefore they do not exclude that next week sellers will make attempts to revise prices in this segment once again.

More detailed information about the development of the market of apples and other fruit and vegetable products in Ukraine you can get by subscribing to the operative analytical weekly – EastFruit Ukraine Weekly Pro. Detailed product information is available here.

https://east-fruit.com/novosti/tseny-na-yabloki-v-ukraine-ustanovili-novye-rekordy/

 

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