Business news from Ukraine

Business news from Ukraine

Export changes in % to previous period in 2023-2024

Export changes in % to previous period in 2023-2024

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Security measures being tightened in Uman on eve of Jewish Rosh Hashanah

Security measures are being tightened in Uman starting Monday, September 23, according to the head of the Cherkasy Regional Military Administration, Igor Taburets.
“As in previous years, there will be a special regime of entry and exit, movement of citizens,” Taburets wrote in his telegram channel.
In particular, vehicles will be banned from entering Uman from the M-30 highway via Derevianka and Horikhova streets, as well as from Rodnykivka village to Uman via Pavlova street.
In addition, traffic on Derevyanka Street, Internatsionalna Street (entrance from the M-05 highway), the intersection of Horodotska Street and Maksyma Zaliznyak Street (entrance from Horodotske village), Mykhailivska Street and Vokzalna Street (entrances from the M-30 highway), and Kyivska Street (entrance from Rodnykivka village) will be subject to enhanced control.
The control regime will also be tightened at the entrance from the M-05 Kyiv-Odesa highway to Uman, on Vyzvolyteliv Street for entry of Hasidim only.
In addition, the sale of alcoholic beverages, fireworks and pyrotechnics is prohibited in the pilgrimage neighborhood.
“I ask you to treat all events with understanding. This is a necessity. Because the safety of Uman residents and pilgrims is a constant priority during the upcoming Rosh Hashanah,” Taburets emphasized.
Rosh Hashanah is celebrated this year on October 2-4.

“Zelenyi Park” increased production by 25% in January and August

Zelenyi Park LLC (Izyaslav, Khmelnytskyi region), which produces corrugated paper (fluting) and containerboard, increased its production by 24.8% in January-August this year compared to the same period in 2023, to UAH 357.3 million.
According to statistics provided by Ukrpapir Association to Interfax-Ukraine, the company slightly accelerated the growth rate of this indicator over the first eight months of the year, up from 22.2% over the first seven months.
In January-August, production in physical terms increased by 10.8% to 20.25 thousand tons. At the same time, in August, the company increased production of fluting and test liners by 12.6% by August 2023 and by 52% by July this year – up to 3.43 thousand tons.
Green Park LLC was registered in 2011 and manufactures products from waste paper.
The factory is equipped with Finnish Valmet equipment, which allows it to produce fluting and testliner with a density of 70 to 200 g/sq m and a roll width of up to 2.8 m.
According to the Clarity Project, the owner of 100% of Zelenyi Park LLC is Cyprus-registered Carton Mill Limited, and the ultimate beneficiaries are Kyiv resident Volodymyr Shandra and co-owner of ATB Corporation Gennadiy Butkevych.
The company ended 2023 with a loss of UAH 78.2 million (56% higher than a year earlier) on a 6.8% drop in revenue to UAH 498.6 million, and in the first half of this year increased revenue by 58.4% to UAH 258 million in January-June 2023, but suffered a loss of more than UAH 47 million.

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TAS Insurance Group increased payments by 54%

In January-August 2024, TAS Insurance Group (Kyiv) paid UAH 1.253 billion under the concluded insurance contracts, which is 53.8% more than the amount of the company’s indemnities for the first eight months of last year, according to the insurer’s website.
More than a quarter of the total amount of payments, or 27.4%, accounted for hull insurance – UAH 343.7 million, which is 35.1% higher than the corresponding figure for 8 months. In 2023, 33.1%, or UAH 414.3 million, was accounted for by MTPL (+33.3%), 21.5%, or UAH 269.6 million, by Green Card (+98.4%).
The share of VHI in the company’s claims portfolio amounted to 14.4%, or UAH 179.9 million (2.04 times more) over the past eight months.
Under property insurance contracts, TAS IG paid UAH 7.34 million (+49.7%) in the reporting period.
Under other insurance contracts, the company paid UAH 37.9 million (+84.1%).
TAS Insurance Group was registered in 1998. It is a universal company that offers its clients more than 80 types of insurance products in various types of voluntary and compulsory insurance. It has an extensive regional network: 28 regional directorates and branches and 450 sales offices throughout Ukraine.

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Switzerland to allocate 58.7 mln francs for digitalization of Ukraine

In 2024-2028, the Swiss Agency for Development and Cooperation (SDC) will allocate 58.7 million francs for the digitalization and development of Ukrainian regions, including the digitalization of healthcare, education, humanitarian demining, and electronic notary.
According to Mykhailo Fedorov, Deputy Prime Minister for Innovation, Education, Science and Technology and Minister of Digital Transformation, this is stipulated in a memorandum signed on Wednesday.
“I met with Felix Baumann, Ambassador of Switzerland to Ukraine. The main result of the meeting is the signing of a memorandum for 58.7 million francs ($68.1 million) with the Swiss Agency for Development and Cooperation (SDC),” Fedorov wrote in a telegram.
According to him, the funds will be allocated during 2024-2028 and will be used for the digitalization and development of Ukrainian regions, with projects implemented under the EGAP program implemented by the Eastern Europe Foundation. “We are focusing on the digitalization of healthcare services, electronic notary, education, humanitarian demining, and we continue to restart the State Statistics Service. Part of the funds will be used to support the frontline regions, and it is important to ensure access to public services in every community,” Fedorov listed the areas of use of the funds.
Fedorov recalled that with the support of the Swiss government, in 2024 alone, they launched an online marriage and a pilot of the Mriya project for 40 schools, and began testing Diia for civil servants. “We held another international Diia.Summit in Zurich, strengthening the international brand of digital Ukraine. It was there that we signed a memorandum on the opening of the Govtech center together with the World Economic Forum,” said Fedorov.
In general, Switzerland has been supporting digitalization since 2015 through the EGAP program, with partners allocating more than 30 million francs.

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Dynamics of import of goods in Jan-June 2024 by most important items in relation to same period of 2023, %

Dynamics of import of goods in Jan-June 2024 by most important items in relation to same period of 2023, %

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