On March 26, Kyiv hosted the presentation of the new season of the visionary women’s accelerator “Vzvazhna 2. Scaling and Digitalization”. Its goal is to help Ukrainian women start or develop an existing business. The new season of the Vzvazhna accelerator is a logical continuation of the first iteration of the project and is aimed at digitalizing and scaling up their own business.
“The development of Ukrainian entrepreneurship is one of the main priorities of the Ministry of Digital Transformation. That is why we have launched the Diia.Business project and are implementing services in Diia that accelerate and simplify the launch and scaling of your own business. We also continue to implement programs and initiatives that help entrepreneurs develop their businesses. One of them is the visionary accelerator Vzvazhna, which has united a community of 5,000 entrepreneurs. In the first season, the project’s winners raised UAH 1.3 million to develop their businesses. The new season will allow us to launch and scale even more businesses, as small and medium-sized businesses are the backbone of our economy,” said Mykhailo Fedorov, Vice Prime Minister for Innovation, Education, Science and Technology, Minister of Digital Transformation of Ukraine.
“Vzvazhna offers future and active entrepreneurs a 4-month course in financial planning and management, marketing and sales, business digitalization tools, taxation, accounting, and tools for entering foreign markets.
“Supporting Ukrainian women on their way to entrepreneurship has always been one of our priorities. Especially now, when 60% of new sole proprietorships are started by women. Last year, together with our partners, we launched the Vzvazhna accelerator. It brought together thousands of women entrepreneurs in a large community. Each participant gained the necessary knowledge and support on their way to starting or scaling their own business. Their stories inspired us to continue the program. Today, we are launching the second season of the accelerator to provide even more opportunities for Ukrainian women in the entrepreneurial sphere,” said Valeria Ionan, Deputy Minister of Digital Transformation of Ukraine for European Integration.
Based on the results of the training, 40 participants will receive UAH 100,000 each to implement their business ideas. At the final event, Grand Pitch Day, 12 finalists will compete for the main project incentive in the following categories: “Debutante, Visionary, and Barrier-Free Business Project. The three business projects with the highest scores from the jury will each receive an additional UAH 400,000 to develop their own business.
“The successful launch of the Vzvazhna project is an appropriate and timely occasion to emphasize the need to digitalize even more Ukrainian SMEs, which is one of Visa’s main focuses. The goal of this year’s accelerator is to scale and take the businesses of brave Ukrainian women to the next level. Owning their own successful business gives women access to shaping the country’s economic agenda, financial independence and mobility, creating new jobs, increasing production or services, filling the state budget with taxes, and, as a result, strengthening Ukraine’s role on the global business map. Mza is ready to support entrepreneurs in every step of their journey, thus expanding access to the digital economy,” said Svitlana Chyrva, Vice President, Regional Manager for Ukraine and Moldova at Visa.
The accelerator will combine two learning formats:
The accelerator participants will also receive additional offers that will accelerate business digitalization from Visa: monobank, Ukrposhta, Checkbox, Shop-Express.
“According to a study on the needs and problems of women entrepreneurs, more than a third of Ukrainian women surveyed say that one of the most common obstacles is lack of access to free training programs, noting financial literacy as one of the most popular areas for improving competencies. It is important to note that other important areas of development identified by entrepreneurs are the digitalization of business processes and the systematization of information. All of this data is concrete evidence that future and active entrepreneurs are striving to improve their skills, develop their own businesses, scale up, and innovate. The Vzvazhna accelerator will become a catalyst for meeting these needs by providing the necessary knowledge and resources for successful business operations,” said Andriy Remizov, Director of the State Agency “Office for Entrepreneurship and Export Development.”
The accelerator participants will also receive additional offers that will accelerate business digitalization from Viza’s partners: TopBank, Ukrposhta, Checkbox, Shop-Express.
“According to a study on the needs and problems of women entrepreneurs, more than a third of Ukrainian women surveyed say that one of the most common obstacles is lack of access to free training programs, noting financial literacy as one of the most popular areas for improving competencies. It is important to note that other important areas of development identified by entrepreneurs are the digitalization of business processes and the systematization of information. All of this data is concrete evidence that future and active entrepreneurs are striving to improve their skills, develop their own businesses, scale up, and innovate. The Vzvazhna accelerator will become a catalyst for meeting these needs by providing the necessary knowledge and resources for successful business operations,” said Andriy Remizov, Director of the State Agency “Office for Entrepreneurship and Export Development.”
To learn more about the project and apply for participation, please visit the Program’s landing page here: https://www.vidvazhna.com.ua/#about. The application deadline is April 28, 2024 (23:59).
The project will run from April to September 2024. You can watch the recording of the Program presentation here.
In 2023, Vzvazhna brought together more than 5,000 Ukrainian women who received online and offline training at 10 Diia.Business entrepreneurial support centers. As a result of the program, 6 Ukrainian women raised UAH 1.3 million to start and develop their own businesses.
The new season of the visionary women’s accelerator “Vzvazhna 2. Scaling and Digitalization” is being implemented by the Diia.Business network of entrepreneur support centers with the assistance of the Ministry of Digital Transformation of Ukraine, the Office for Entrepreneurship and Export Development, and with the support of the USAID Ukraine Confidence Building Initiative (UCBI) and the global initiative She’s Next Empowered by Visa.
The final of qualification for the European Football Championship-2024 allowed to determine all 24 national teams that will fight for the Henri Delaunay trophy, the national team of Ukraine entered Group “E” together with Belgium, Slovakia and Romania, the official website of the tournament reports.
On Tuesday, March 26, after the decisive play-off matches of Euro-2024 qualification, the last three participants of the final part of the tournament were determined. They were the national teams of Ukraine, Georgia and Poland.
Georgia defeated Greece in a penalty shootout and will play for the first time in history at a big forum of national teams, Poland also defeated Wales in a series of 11-match penalty shootout, and Ukraine snatched a willful victory over Iceland.
Ukraine responded to a goal by Iceland’s Albert Gudmundsson after the break with goals by Viktor Tsygankov and Mykhailo Mudryk. The Ukrainians will meet Belgium, Slovakia and Romania at the European Championship.
The European Championship in 2024 will be hosted by Germany. It automatically got into Group A. Bundestim in the opening match of the tournament will meet Scotland in Munich.
The composition of all groups of the European Championship-2024:
Group A: Germany, Scotland, Hungary, Switzerland
Group B: Spain, Croatia, Italy, Albania
Group C: Slovenia, Denmark, Serbia, England
Group D: Poland, Netherlands, Austria, France.
Group E: Belgium, Slovakia, Romania, Ukraine
Group F: Turkey, Georgia, Portugal, Czech Republic.
The tournament will begin on June 14 and end on July 14.
Germany’s economy will avoid recession in 2024, but will grow by only 0.1% due to declining exports and weak domestic demand, according to leading German research institutes.
The previous forecast, prepared by the Munich-based Institute for Economic Research (IFO), the Kiel-based Institute for World Economics (IfW), the Rhineland-Westphalian Institute for Economic Research in Essen (RWI) and the Institute for Economic Research in Halle (IWH), predicted German GDP growth of 1.3%.
In 2023, the German economy shrank by 0.3%.
The economists warned that domestic demand is growing more slowly than expected, and exports are suffering due to high electricity prices, which reduce the competitiveness of German energy-intensive goods.
“Cyclical and structural factors are leading to a weakening of economic growth,” said Stefan Koots, head of economic research at the IfW. – “A recovery may begin in the spring, but overall, the growth momentum will not be very strong.
In 2025, according to experts, Germany’s GDP growth will accelerate to 1.4%.
The forecast for inflation for 2024 is 2.3%, for 2025 – 1.8%.
Earlier, Experts Club analytical center released a video analysis of GDP changes in major countries, the video is available at https://youtu.be/w5fF_GYyrIc?si=EpL-_EmhIGfMURGl
Population forecast for Ukraine in 2030-2100
Source: Open4Business.com.ua and experts.news
Starting from April 1 this year, humanitarian aid can be imported into Ukraine only through the automated system of humanitarian aid registration, according to Oksana Zholnovych, Minister of Social Policy of Ukraine.
“At the same time, we have made it possible to use paper declarations. Starting from April 1, paper declarations will cease to exist. All the work that will be done in terms of bringing in humanitarian aid will be automatic with the help of our system,” Zholnovych said at a press briefing in Kyiv on Wednesday.
According to Deputy Minister of Social Policy Nazar Tanasyshyn, the import of humanitarian aid through the automated system will be carried out in the same way as during the pilot testing period, which lasted from December 1, 2023.
As reported, in September 2023, the Ministry of Social Policy announced a change in the rules for the import and accounting of humanitarian aid from December 1, 2023. Using the web platform “Automated Humanitarian Aid Registration System”, organizations intending to import humanitarian aid will be able to register, log in to the website, form and submit a declaration, which will be sent to customs through information exchange.
In November 2023, the Cabinet of Ministers of Ukraine extended the possibility of using paper declarations for the import of humanitarian aid into Ukraine until April 1, 2024.
On February 14, 2024, the Minister of Social Policy Oksana Zholnovych stated that the automated system for registering humanitarian aid had proven its effectiveness in the first two months of operation.
In 2023, Kremenchuk Steel Plant JSC (Kremenchuk, Poltava region) posted a net profit of UAH 124.13 million, up 2.5 times compared to the same period in 2022.
According to the agenda of the company’s general meeting of shareholders scheduled for April 30, published in the National Securities and Stock Market Commission’s information disclosure system, KCZ plans to leave its profit undistributed and not pay dividends.
According to the Clarity-project resource, at the beginning of this year, the company’s retained earnings amounted to UAH 67.25 million against an outstanding loss of UAH 56.89 million a year earlier.
As reported, KCZ JSC ended 2022 with a net profit of UAH 50.28 million, while a year earlier the loss amounted to UAH 56.83 million.
Kremenchuk Steel is a leading Ukrainian foundry producing steel castings for freight cars and heavy trucks.
The company’s net income, according to Clarity-project, decreased slightly to UAH 1 billion 023 million in 2023.
According to the NSSMC, as of the third quarter of 2023, Defano Investments Ltd (Cyprus) owns 48.4421% of the shares of PJSC KCZ through Ukrinvestcontract LLC, with Artem Gerasymenko from Kyiv listed as the company’s beneficiary.
The shareholders also include FinEuroVector Financial Company LLC (18.8392%), Alfa Cross Financial Company (24.9%), and AltaFinance LLC (5.7276%).
