Almost 194 thousand new sole proprietorships were opened by Ukrainians in 8 months of 2024, according to the Unified State Register (USR). 60% of new businesses were started by women. During the same period, just over 120 thousand businesses were closed. More than a third of new businesses close in the first year of operation.
193,192 new sole proprietorships were registered since the beginning of the year. This is even more than before the outbreak of full-scale war, when 186,144 new cases were opened in the same period. After a significant decline at the beginning of the great invasion, the number of new registrations has stabilized and has remained at the same level for the second year in a row.
Most new businesses were opened by entrepreneurs in the capital – 26,303 or 13.6% of the total number of new businesses this year. New businesses are also being actively registered in Dnipropetrovs’k (18,025), Lviv (14,459), Kyiv (14,428), and Kharkiv (12,954) regions.
The most noticeable increase in the number of new fops over the year was in Zaporizhzhia region – by 11%, Kirovohrad region – by 10%, and Chernihiv region – by 9.6%. At the same time, business activity slowed down significantly in the frontline Luhansk (-14.7%) and Ivano-Frankivsk (-8%) regions. Despite the fact that Kharkiv region is among the regions with the largest number of new firms, the number of registrations in this region decreased by 6% compared to the previous year.
One third of new businesses are opened in the trade sector, and the IT sector attracts 7.6% of new entrepreneurs. The top three most popular areas for new business start-ups are personal services (7%). It is worth noting that the top has undergone some changes over the year: in 2023, cafes and restaurants were among the leaders, but this year they were replaced by information services.
The share of women among newly minted businessmen reached a record high of 60%. For comparison, in 2023, this figure was 55.6%, and in the first year of full-scale business, it was 47%.
Currently, the number of new cases is 1.6 times higher than the number of closed ones. Thus, 120,154 fops have been closed in Ukraine since the beginning of the year. Newly established businesses suffered the most: 24.5% of those that were opened last year closed, and 13.7% of those that opened this year. The median period of operation of the fops closed this year is 2 years and 7 months.
The largest number of fops closed in Kyiv – 13% (15,770), Kharkiv – 8% (10,097) and Dnipropetrovs’k – 8% (9,931) regions.
https://opendatabot.ua/analytics/foponomics-2024-9
As of August 30, three factories in Vinnytsia, Ternopil, and Lviv regions started sugar beet processing in Ukraine, while the launch of the remaining factories is delayed due to the later harvesting of sugar beets, the industry association Ukrtsukor reports.
“In general, the expectations of a massive early launch of factories this year were not met due to dry weather conditions that complicate the harvesting of sugar beet. A number of plants have postponed the start of processing to a later date,” the business association explained.
According to the industry association, sugar beet has been harvested from 1.2 thousand hectares. The average yield is 50 t/ha, including 35 t/ha in Vinnytsia region, 44 t/ha in Poltava region, 58 t/ha in Ternopil region and 70 t/ha in Lviv region.
As of the same date last year, 2 sugar plants in Vinnytsia and Cherkasy regions started processing beets in Ukraine, Ukrtsukr said.
Nikolay Nenchev, who was appointed interim head of our embassy in Kyiv, is in Ukraine.
This was reported by the Bulgarian Foreign Ministry in the program “Around the World and at Home”.
The decision of the interim Cabinet of Ministers to send the former defense minister to Ukraine provoked a strong reaction and disagreement from President Rumen Radev.
Bulgaria recognized Ukraine on December 5, 1991. On December 13, 1991, Ukraine and Bulgaria established diplomatic relations.
Source: https://bntnews.bg/news/nikolai-nenchev-e-v-ukraina-1290564news.html
The international golf tournament “Diplomatic Golf for Good” was held at the Lisnyky Golf Club as part of the celebration of Ukraine’s Independence Day.
The sporting top event of the year – the annual international golf tournament “Diplomatic Golf for Good” was held at the new Lisnyky Golf Club, which was built during the full-scale invasion of Ukraine.
The tournament was supported by Ukrainian Junior Golf Champion Ulyana Novozhilova and Lisnyky Golf Club.
This is the sixth traditional Independence Day tournament among foreign and Ukrainian diplomats, world-class athletes, and representatives of international and Ukrainian business.
Ambassadors Extraordinary and Plenipotentiary, as well as government officials, business elite, world-class athletes and veterans joined the game.
The main goal of the event is to create a platform for informal communication between representatives of different countries, to promote friendship and sports partnership among the nations of the world.
“’Diplomatic Golf for Good’ is an event that goes beyond the field and helps promote a positive image of the country, expand business ties, and most importantly, implement joint ideas and projects. This is true cultural diplomacy in action,” emphasized Inna Kostyria, the founder of the golf tournament.
The event was also attended by Ambassadors Extraordinary and Plenipotentiary and representatives of diplomatic missions: Italy, France, Vietnam, Brazil, Argentina, Sri Lanka, Lithuania, Moldova, Romania, Indonesia, Egypt, Pakistan, Azerbaijan, and Tajikistan.
Initial registrations of new passenger cars in Ukraine in August increased by 40% compared to the same month in 2023, to more than 8.1 thousand units, Ukravtoprom reports.
“This is a record figure for sales of new passenger cars over the past 32 months,” the association said in a telegram on Monday.
The leadership continues to be held by Japanese Toyota with 1248 cars registered, followed by Renault (738 units), and BMW (633 units). The top five also includes Skoda (538 units) and Volkswagen (483 units).
Renault Duster retained the title of the month’s bestseller (691 units).
As reported, in August 2023, the initial registrations of passenger cars doubled compared to August 2022 – to 5.79 thousand units, and the top five were Toyota (1118 units), Volkswagen (611 units), Renault (501 units), BMW (433 units), and Skoda (394 units).
According to Ukravtoprom, a total of more than 47.3 thousand new passenger cars were registered in Ukraine in January-August, which is 24% more than in the same period in 2023.
As reported, the market for new passenger cars in July this year, amid information about the introduction of a 15% military tax on passenger car buyers provided for by the government bill, increased by 20% by July 2023 and by 24% by June this year to 6.4 thousand units, after the market turned negative in June 2024.
At the end of August, it became known that the revised draft law on raising tax rates no longer contains this provision.
According to Ukravtoprom, in 2023, the first registrations of new passenger cars in Ukraine increased by 60.6% compared to 2022, to almost 61 thousand units.
FDI McDonald’s Ukraine Ltd, which develops the McDonald’s fast food chain in Ukraine, opened its tenth restaurant in Odesa on Friday at 2a Simon Litman Street, the fourth project in cooperation with a gas station and the first in cooperation with OKKO filling station.
“With today’s opening in Odesa, the company (…) is gradually increasing the number of restaurants in large cities,” the company’s press service quoted Vitaliy Stefurak, McDonald’s Development Director in Ukraine, as saying.
The new McDonald’s is located in a residential area near the entrance to the city from the M-05 Kyiv-Odesa highway. The new McDonald’s in Odesa is the fourth restaurant of the chain to be located directly on the territory of a gas station and the first project implemented in cooperation with OKKO filling station. Earlier, McDonald’s opened two restaurants in cooperation with KLO and one restaurant in cooperation with WOG. Another restaurant is currently under construction in cooperation with OKKO in Mukachevo (Zakarpattia region).
This location became the 103rd operating restaurant of the chain in Ukraine out of 118. The first McDonald’s restaurant in Ukraine was opened on May 24, 1997 in Kyiv.
As reported, on September 20, 2022, McDonald’s began a phased opening of restaurants in Ukraine. By February 24 of the same year, the chain had 109 restaurants in 24 cities across the country. As of August 2024, 103 restaurants are operating, and the chain has 118 restaurants.
At the end of 2023, it increased its revenue by 3.9 times compared to the previous year, to UAH 12.9 billion, according to Opendatabot. According to the financial results for 2023, the company’s net profit amounted to UAH 1.29 billion, compared to a loss of UAH 2 billion in 2022. The number of employees in 2023 increased by 7% to 9,614. According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the participant of FDI in McDonald’s Ukraine Ltd. is MCD Europe Limited (100%, London, UK).
