Business news from Ukraine

Business news from Ukraine

Number of unemployed people registered in public employment service as of 01.11.2023 (in thousands)

Number of unemployed people registered in public employment service as of 01.11.2023 (in thousands)

Source: Open4Business.com.ua and experts.news

Ukrnafta starts drilling new exploration well in western Ukraine

PJSC Ukrnafta is drilling a new exploration well in western Ukraine, the company’s CEO Sergiy Koretskyy wrote on his Facebook page.

According to him, the total depth of the new directional well is 2,213 meters, and more than 1,000 meters have already been drilled. The work is being carried out with the company’s own rig, which was used to drill the previous well in the same region.

The facility should provide access to two productive horizons. According to the digital 3D geological and hydrodynamic model of the field, the deeper horizon contains 464 thousand tons of recoverable reserves. The shallower horizon has 1.121 million tons of reserves.

“Thus, when we reach the resource at a deeper horizon and when production volumes decline, we can go back higher and give the well a second life with a workover. Such an approach will help the company to use the existing technological resource more efficiently,” Koretsky said.

As reported, Ukrnafta intends to drill nine new wells in 2023 and 30 in 2024. The company’s strategic goal is to double its oil and natural gas production to 3 million tons and 2 billion cubic meters by 2027, respectively. According to the latest forecast, oil production in 2023 is expected to increase by 4% to 1.405 mln tons.

“Ukrnafta is Ukraine’s largest oil producer and operator of a national network of 537 filling stations, of which 456 are in operation.

Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share. On November 5, 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer the corporate rights of the company owned by private owners, which is now managed by the Ministry of Defense, to the state.

,

Finland proposes to increase aid to Ukraine

On Thursday, November 23, the Finnish government submitted a proposal to the parliament to amend the draft budget for 2024, among other things, the proposal contains amendments to support Ukraine, the government’s website reports.

In particular, it is proposed to increase by €95.7 million the maximum amount of authorization for the purchase of military equipment for the UKR 2023 Defense Forces for 2024-2028. The proposal will cover the cost of replacing equipment as a result of the 19th package of material assistance provided to Ukraine. The increase in allocations in 2024 will amount to EUR 20.7 million. As a result of the increase, the maximum amount of procurement authorization will be EUR 1 billion 451 million.

In addition, the government proposes to increase the capital of the Finnfund by EUR 25 million, which will be used for investments and loans focused on Ukraine.

,

Entry of large vehicles to Kyiv will be restricted on Monday

On Monday, the entry of large vehicles to Kyiv will be restricted due to expected snowfall on November 26-27, Kyiv Mayor Vitali Klitschko said.

“The entry of large vehicles into the city on Monday, November 27, will be restricted,” Klitschko wrote on his Telegram channel on Friday, recalling the warning of weather forecasters.

The mayor also asked drivers and pedestrians to “take into account the weather conditions and be as careful as possible on the roads. Do not go to the city in a private car unless absolutely necessary. Use public transportation instead. And if you are traveling by car, do not park it along roadsides or on sidewalks. This interferes with the work of snow removal equipment.”

According to Klitschko, this season in Kyiv, “525 units of main and additional special equipment of Kyivavtodor will be fighting ice and removing snow on roads, bridges and sidewalks. In total, 17.3 thousand tons of salt and 54.5 thousand tons of sand have been prepared.”

According to the Ukrhydrometeorological Center, a significant increase in snow cover is expected on the afternoon of November 26 and at night on November 27, with winds of up to 17-22 m/s, blizzards, snow drifts, and ice on the roads.

,

CSD LAB and its partners have launched lung cancer public awareness campaign

Lung cancer is one of the deadliest types of cancer.

The insidious thing about the disease is that there are no specific symptoms and can masquerade as other diseases.

Signs and symptoms of lung cancer may include:

– a cough that won’t go away;
– coughing up blood, even small amounts;
– shortness of breath;
– chest pain;
– hoarseness;
– weight loss for no reason;
– bone pain;
– headache.

Anyone can get lung cancer, regardless of age, gender or lifestyle. Symptoms of the disease can be nonspecific and masked by other diseases. Therefore, it is important to recognize this disease at an early stage to have a better chance of recovery.

Lung Cancer Europe (LuCE) in partnership with the NGO “Athena. Women Against Cancer” have organized a lung cancer awareness campaign “Take the test!” which will last the whole month of November. This is very important because awareness of the disease and its symptoms allows the cancer to be detected and treated in its early stages.

Another aim of this campaign is to encourage people who have been diagnosed with lung cancer to raise their awareness of biomarker testing. After all, by detecting changes or mutations in a tumor, biomarker testing can help 20-30% of lung cancer patients.

If a patient is found to have a tumor marker that is treatable, the doctor can develop an individualized treatment plan using targeted therapy, which helps improve treatment outcomes and survival rates.

The earlier lung cancer is diagnosed, the better the chances of survival. Therefore, it is important to get screened if you experience any of these symptoms or are at risk.

Learn more about lung cancer at https://www.getchecked.eu/uk/

State Enterprise “Forests of Ukraine” announces “tough personnel purges at all levels”

The State Enterprise “Forests of Ukraine” has announced “tough personnel purges at all levels,” the company’s CEO Yuriy Bolokhovets said on Facebook.

“Throughout the year, the security of the State Enterprise “Forests of Ukraine” recorded the facts of violations, collected information, conducted internal investigations, and passed materials to law enforcement. It was a huge job that took time. But there is a real result,” he wrote and added that the details of the investigation have not yet been disclosed.

As reported, the state specialized economic enterprise “Forests of Ukraine” is one of the largest forest users in Europe and the largest forest user in Ukraine. It is managed by the State Agency of Forest Resources of Ukraine. The company manages 6.6 million hectares of state forest land.

In 2016, Ukraine launched a forestry reform. It has already introduced the sale of unprocessed timber at electronic auctions. Since 2021, an interactive map of wood processing facilities has been operating in a test mode in a number of regions.

The industry has implemented the Forest in a Smartphone project, which contains a list of logging tickets for timber harvesting and allows you to check the legality of logging on the agency’s online map.

On June 1, 2023, Ukraine launched a pilot for the electronic issuance of logging tickets and certificates of origin for timber.

In addition, to combat corruption within the state enterprise, the management of the State Enterprise “Forests of Ukraine” has implemented a pilot project on GPS monitoring of the movement of freight and specialized vehicles in forests to improve the electronic timber circulation system (ETS).