Business news from Ukraine

Business news from Ukraine

Club of Experts released overview of events that will take place in Ukraine and world this week

A new video has been released on the YouTube channel “Club of Experts”, dedicated to the announcements of the main events that are planned in Ukraine and the world this week.
In the next issue, the founder of the club of experts Maxim Urakin, together with co-host Olga Levkun, announced the main events, which are scheduled for the period from August 22 to 28, 2022.
Thus, in Ukraine, one of the main events of the week, in addition to honoring the 31st anniversary of Independence, will be the second summit of the Crimean Platform. For security reasons, the summit will be held online. Also this week there will be a number of events, round tables, seminars and exhibitions dedicated to Independence Day, most of which will also be held online.
Recall that in the period from August 22 to 25, holding mass events in Kyiv is prohibited.
Among world events, one can single out the continued development of the situation around the island of Taiwan, near which China intends to conduct regular military maneuvers. Asia will also host a number of major events dedicated to economic development in the region. Among them are the international exhibition “EXPO China-Eurasia” in Urumqi, China and the Asia-Pacific Business Forum in Bangkok, the capital of Thailand.
You can learn about these and many other events by watching the video on the Club of Experts channel at the link:

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VAR predicts a rise in food prices by 10-15%

In Ukraine, with the start of the Russian military invasion, food prices rose by at least 20%, and in late autumn they will rise by another 10-15% due to the inflationary weakening of the hryvnia, disruption of supply chains, rising fuel prices, energy and storage costs.
The corresponding forecast was announced by the Deputy Head of the All-Ukrainian Agrarian Rada Denis Marchuk during the broadcast at the Ukraine Media Center.
“Now is August, the vegetable harvest season, so we are seeing a decrease in prices due to an increase in supply. Potatoes, cucumbers, tomatoes and other vegetables have fallen in price, the seasonal factor will last until October. Considering that a certain number of Ukrainians went abroad, this also contributed to a decrease in prices for seasonal vegetables. But in the fall, the cost of storing vegetables will increase, so we should expect a 10-15% increase in prices for all groups after October,” Marchuk said during his speech.
The deputy head of the VAR recalled that the population of Ukraine spends more than half of its income on food, which has risen in price by at least 20% since the beginning of the war due to inflation, disruption of food supply chains, rising prices for fuel, energy and storage costs.

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Kyiv imposed ban on mass events from 22 to 25 August

Holding mass events in Kyiv from August 22 to 25 is prohibited due to the high probability of rocket attacks on the city by Russian invaders, according to the order of the head of the military administration of the city Nikolai Zhirnov.
“From August 22 to 25, to prohibit the holding of mass events, peaceful meetings, rallies and other events related to a large gathering of people,” the document says.
It also contains an appeal to the local authorities of Kyiv with a request to involve the minimum necessary number of people in ensuring the life of the city during this period. For more information about the analysis and announcement of future events, see the video reviews of the Club of Experts on YouTube

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Ukraine is working on integration of Polish electronic documents into Ukrainian system

The Ministry of Digital Transformation of Ukraine is working on the integration of Polish electronic documents into the Ukrainian system, Deputy Prime Minister – Minister of Digital Transformation of Ukraine Mikhail Fedorov said.
“We will now work to ensure that Polish electronic documents can be received and read in Ukraine,” he said at a briefing in Kyiv on Monday.
He noted that Ukraine and Poland are now gaining unique experience not only within their states, but also in the interstate data exchange.
“This is the first case when two states create such an interesting exchange of a new format with the sharing of documents from one mobile application to another. And this opens up great opportunities for us in the European Union, because now the direction of electronic documents in the EU is being studied, and we are involved in working groups that deal with these issues,” the minister said.
In turn, the Secretary of State for Digitalization, the Government Commissioner for Cyber Security of Poland, Janusz Cieszynski, noted that he believes in the digitality of the future, and said that the Ukrainian and Polish sides are considering the possibility of expanding cooperation.
Fedorov also thanked Tseshinskiy for his help with the free receipt of Starlink terminals by Ukraine, saying that Ukraine had already received 13,000 units. and another 5 thousand will be transferred in the near future. According to the minister, the Polish side also assumed obligations to support the operation of these terminals.
At the same time, the head of the Ministry of Digital Development noted that Ukraine needs at least another “half of the existing number” of Starlink terminals to ensure stable communications in wartime conditions.

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Ukraine can export up to 5 million tons of agricultural products per month – Ukragroconsult

Export of agricultural products from Ukraine in the context of the Russian military invasion could reach 5 million tons per month due to increased shipments through the unblocked Black Sea ports, but an estimate of 3.5-4.5 million tons per month looks more realistic.
As reported on the website of the consulting agency Ukragroconsult on Monday, the current 2022/23 marketing year (MY, July-June) will be non-standard due to the absence of traditional seasonal export peaks that occur as the harvest progresses.
“If you look at monthly exports from the beginning of 2018/19 MY, then seasonality is clearly visible. Conventionally, Ukrainian grain exports can be divided into three stages (waves): the wheat-barley wave (begins in July-August), the first corn wave (begins in September-August). October) and the second corn wave (begins in February-March, when the supply of corn from South America disappears from the world market),” the agency said in a statement.
According to him, there will be no significant export peaks this season due to significant leftovers from last season’s harvest ready for export, but a gradual increase in shipments will be noticeable as the work of seaports normalizes.
“Current shipments from Odessa ports are still undergoing a test period, market participants are still evaluating further prospects, so it is too early to say with confidence that Ukraine will be able to fully realize its grain export potential, but exports in August may already show a significant increase,” explains ” Ukragroconsult”.
As reported, since the beginning of 2022/2023 MY, Ukraine has exported 2.98 million tons of grain crops, including 1.94 million tons of corn (65% of the total supply), 783 thousand tons of wheat (26%) and 257 thousand tons of barley (8.8%).
In addition, in July 2022, Ukraine exported 2.66 million tons of grain and oilseeds and agricultural products for export by all modes of transport, which is 22.7% more than in June.

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Ukraine is preparing a system of emergency assistance by number 112 – Ministry of Internal Affairs

The system of emergency assistance to the population by a single telephone number “112” is being prepared for launch in Ukraine, according to the Facebook page of the Ministry of Internal Affairs of Ukraine.
“Deputy Minister of Internal Affairs of Ukraine Bohdan Drapyaty said that now, in the event of an accident, in order to contact emergency services, you will not need to call different phone numbers, such as 101, 102 or 103, it will be enough to dial a single number 112,” the statement says. in the message.
The Ministry of Internal Affairs noted that people who do not speak the state language will also be able to apply for help on line 112.
“This is one of the European integration obligations of our state within the framework of the association agreement between Ukraine and the European Union. The Verkhovna Rada of Ukraine adopted the relevant bill in the first reading,” the ministry said.

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