The Export Credit Agency of Ukraine (ECA) has supported exports worth UAH 7.22 billion in 11 months of 2024, First Vice Prime Minister and Minister of Economy Yulia Svyrydenko said.
“Supporting and developing non-resource exports is one of the key areas of the Made in Ukraine policy. Over eleven months, the ECA has insured UAH 1 billion of export credits, supporting UAH 7.22 billion of exports. This is almost UAH 2 billion more than in January-November 2023. It is important that one hryvnia of insurance liability was converted into UAH 7.83 of future export revenue,” the press service of the Ministry of Economy quoted the Deputy Prime Minister as saying.
According to the Ministry, the top three regions in terms of exports supported over 11 months are as follows: Kyiv – UAH 3.8 billion (UAH 304 million of loans issued), Lviv – UAH 1.25 billion (UAH 147 million), Vinnytsia – UAH 702.8 million (UAH 183 million).
In 2024, eight banks insured their clients’ loans with the ECA. Ukrgasbank ranked first in terms of supported exports for the period under review (UAH 2.9 billion), FUIB was second (UAH 1.78 billion), and MTB Bank was third (UAH 980 million).
The most popular countries for exporting Ukrainian goods are Poland, the UAE, Azerbaijan, Germany, and Slovakia.
The largest export volumes were in the commodity groups of milk and dairy products, wood and wood products, and processed fruits and vegetables.
The ECA instruments are one of the elements of the “Made in Ukraine” policy, which was presented by President Volodymyr Zelenskyy in February. Its goal is to support non-resource exports, develop production and attract investment in the real sector, the Ministry of Economy reminded.
In 2024, Kyivstar strengthened its support for the culture of corporate volunteering among its employees, believing in the power of small actions that can change the world for the better. The Kyivstar team joined the implementation of socially important projects and raised UAH 3 million to help the military, children and victims of war during the full-scale war.
Kyivstar’s large volunteer community regularly supports the company’s social initiatives. One of the key areas is corporate donation. This year, employees donated about 100 liters of blood to save the lives of civilians and soldiers.
A special initiative this year was a project in partnership with the SOS Children’s Villages charity. On Christmas Eve, the company’s employees made the dreams of more than 100 young Ukrainians come true. These are children and teenagers from vulnerable and internally displaced families affected by the war, as well as children from foster care from different parts of Ukraine. The employees not only donated gifts but also organized jewelry making workshops in Brovary, Kyiv and Lviv, where they participated together with the children.
“We believe that change starts with each of us. Corporate volunteering has become an integral part of Kyivstar’s culture. Our colleagues do not just support the company’s initiatives, they inspire and engage others in doing good deeds. I thank our entire team for this. Together we can do more,” comments Olesya Olenytska, Kyivstar’s Director of Corporate Communications.
Employees also join the company’s meetings. “As part of the Children’s Hope project, our volunteers raised about UAH 300 thousand for an ultrasound system for the burn department of the Unbreakable rehabilitation center. They also supported the company’s joint project with the Come Back Alive Foundation to demine the country – We Live Here 2.0.
The company’s internal social network has a group for mutual assistance, where employees regularly initiate and close each other’s meetings for various needs: assistance to the Armed Forces, health issues.
Kyivstar continues to develop a culture of corporate volunteering, inspiring its employees and partners to new achievements and supporting Ukrainian society in difficult times of war.
About Kyivstar
Kyivstar is Ukraine’s largest electronic communications operator, serving about 23.3 million mobile subscribers and more than 1.1 million Home Internet subscribers as of September 2024. The company provides services using a wide range of mobile and fixed technologies, including 4G, Big Data, Cloud solutions, cybersecurity services, digital TV, etc. Kyivstar is developing new telecom technologies in Ukraine and plans to invest USD 1 billion in this area in 2023-2027. THE COMPANY PLANS TO INVEST USD 1 BILLION IN THIS AREA. The company helps Ukraine overcome wartime challenges and has allocated over UAH 2 billion over the past two years to support the Armed Forces, subscribers, and social projects. Kyivstar’s shareholder is the international VEON Group. The Group’s shares are listed on the NASDAQ stock exchange (New York). Kyivstar has been operating in Ukraine for 27 years and is recognized as the largest taxpayer in the electronic communications market, the best employer and a socially responsible company. For more information: pr@kyivstar.net, www.kyivstar.ua
In January-November 2024, Ruta, a major Ukrainian manufacturer of sanitary and hygienic paper products, whose management company is VGP JSC (Lutsk), produced products worth UAH 1 billion 588 million, up 7.7% compared to the same period in 2023.
According to statistics provided by UkrPapir Association to Interfax-Ukraine, the company has thus slightly accelerated the positive dynamics of production volumes over the first 11 months of the year compared to the same period last year, which it reached in the first nine months.
In physical terms, the company’s production of toilet paper in rolls slightly exceeded the previous year’s figure and amounted to 121.68 million units, which remains the third best result in the industry after Kyiv Cardboard and Paper Mill (248 million units) and Kokhava Paper Mill (125 million units).
The company produces pulp-based sanitary and hygienic products from imported base paper.
VGP’s portfolio includes dry and wet wipes, toilet paper, paper handkerchiefs, and kitchen towels. The assortment includes more than 180 items.
As reported, in 2023, VGP JSC produced products worth UAH 1 billion 611 million, which is 64.8% more than in 2022.
2022-2024 goods trade balance forecast (usd billion)
Open4Business.com.ua
Tsarsky Hotel is the epitome of luxury and comfort in the heart of Kyiv. Located in the center of the capital, it gives guests not only an incredible experience, but also a unique atmosphere of peace and tranquility, which allows you to completely disconnect from the bustle of the metropolis.
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Details that matter!
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On June 21, 2023, the International Bureau of Exhibitions (BIE) approved Serbia as the organizer of Expo-2027. Five locations participated in the competition, including Phuket (Thailand), Minnesota (USA), Malaga (Spain) and Bariloche (Argentina). Belgrade defeated Malaga in the final, receiving the support of 81 nations.
Expo 2027 will be the first world exhibition to be held in Southeastern Europe, as well as in the territory of the former Yugoslavia. The event will take place from May 15 to August 15, 2027 and will contribute to strengthening Serbia’s international image and developing the country’s economy.
How does the Expo affect the host cities?
World Expos, organized since 1928 under the auspices of the BIE, serve as a platform to showcase achievements in various fields, from culture and science to architecture. They are also a powerful tool for attracting investment and increasing tourist traffic.
Among the main benefits of holding Expo for host countries are:
For Belgrade, this means a major transformation, including the construction of new facilities, modernization of existing infrastructure and the influx of millions of visitors.
Preparing Belgrade for Expo 2027
The Serbian government has already embarked on an ambitious plan to prepare for the Expo. The plans include:
The “Expo-2027” complex will include multifunctional halls, congress centers, residential premises and commercial areas. These facilities will become part of the modern urban infrastructure, which will contribute to the further development of Belgrade.
Belgrade districts with investment potential
Surcin Special attention is paid to the Surcin district, where the main exhibition facilities will be built. Already today there is a significant increase in real estate prices here. For example:
Experts predict further price increases in Surcin, especially with the construction of the ring road and metro station. Privately owned land plots are becoming increasingly attractive to investors.
Novi Beograd The Novi Beograd neighborhood, known for its modern residential and commercial complexes, may also benefit from the upcoming transformation. Its convenient location and good transportation accessibility make it one of the most promising areas for investment.
Zemun Zemun, located near Surcin, is attractive for its historical landmarks and proximity to key infrastructure projects. Demand for housing is expected to increase here, which could have a positive impact on real estate values.
Impact on the real estate market in Belgrade
The holding of Expo-2027 will become a driver for the development of the entire Belgrade real estate market. New infrastructure, improved transportation and active attraction of foreign investors will create favorable conditions for long-term price growth.
The apartments built in preparation for the Expo are planned to be offered to citizens at preferential prices. This will help solve housing issues of the local population and improve the general standard of living in the region.
Potential for foreign investors
Experts note that the successful holding of Expo-2027 may attract new foreign investors to Belgrade. For them it will be important not only the location of the facilities, but also the prospects for the development of the market as a whole. A similar effect has been observed in other countries, where Expo exhibitions were previously held.
Preparations for Expo 2027 have already started to transform Belgrade. The districts of Surcin, Novi Beograd and Zemun offer unique investment opportunities. Future infrastructure projects, rising real estate prices and the influx of tourists make these districts attractive to both local and foreign investors.
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