Business news from Ukraine

“Ukrenergo” plans to introduce power supply restrictions for whole day on Tuesday

According to preliminary information, NPC Ukrenergo plans to impose electricity restrictions for the regions on Tuesday, August 27, followed by hourly blackouts throughout the day, DTEK reported on Telegram.

In particular, from 00:00 to 06:00, it is planned to apply three rounds of blackouts, from 06:00 to 11:00 – four, from 11:00 to 15:00 – three, from 15:00 to 21:00 – four, from 21:00 to 00:00 – three.

“There is a high probability of using light gray outage zones in the schedules,” the company said.

Lithuania extends temporary protection for Ukrainian refugees for another year

The Lithuanian government has extended the temporary residence permit in Lithuania for Ukrainian residents who fled the war, LRT reports.
“Previously, this protection was established until March 2025. The government has extended the temporary protection until March 4, 2026. This means that it will be possible to issue temporary residence permits that will be valid until that date,” the report said.
According to the Department of Migration, 30-40 new applications for a temporary residence permit in Lithuania are registered daily. Currently, more than 44.3 thousand people have a valid residence permit in Lithuania on the basis of temporary protection.
According to the Minister of the Interior, Agne Bilotaite, the extension of the deadline will allow Ukrainians to reduce the administrative burden, as they will have a residence permit valid for a longer period of time.
The extension of this period was proposed on the basis of the relevant decision of the European Union (EU) adopted in June this year.
The temporary protection mechanism at the EU level was activated on March 4, 2022, shortly after Russian troops invaded Ukraine.

1872 companies owe wages to employees in 2024

More than 34 thousand wage arrears were registered as of August 6, 2024, according to the Ministry of Justice. Almost 2 thousand companies turned out to be debtors. The largest number of such businesses is in Sumy region, and the smallest – in Chernivtsi region. Debts decreased at the beginning of the full-scale campaign, but this year more new proceedings have been opened than in the whole of 2023.

The largest number of proceedings on wage arrears was registered in 2021 – 6.3 thousand. After the start of the full-scale invasion, new proceedings decreased by 29%. Last year, their number began to grow: +6.6% per year. This year, companies have already owed their employees 7.1% more than in the whole of last year.

1,872 companies that owe salaries to employees. Most of these employers were found in Sumy region – 5.6 thousand proceedings or 16.4% of the total. Kyiv follows with 3.4 thousand wage arrears (9.8%). Dnipropetrovs’k region rounds out the top three – 2.2 thousand or 6.6%.

It is worth noting that in almost 3 thousand proceedings, the region is not identified.

Among the organizational and legal forms, the largest debtors are state-owned enterprises and joint-stock companies – more than 11 thousand and 9 thousand proceedings, or 33.8% and 28.8% of all debts, respectively. LLCs are in third place – 4.9 thousand or 14.2%. Subsidiaries and municipal enterprises account for 12.5% and 4.3% of all debts.

It is worth noting that various subsidiaries of Oblavtodor account for 9.7% of the total number of wage arrears: 3.3 thousand proceedings. Only the Sumy Machine-Building Research and Production Association owes its employees more money – 4,071 proceedings or 11.8% of the total.

The most persistent debtors among Ukrainian companies are:

– Sumy Machine-Building Research and Production Association – 4,071 proceedings
– Poltava Oblavtodor – 1079 proceedings
– Nizhyn Engineering Armament Repair Plant – 1038 proceedings
– Sumy Machine-Building Research and Production Association – engineering – 892 proceedings
– Energostal – 876 proceedings
– Zaporizhtsivilproekt – 610 proceedings
– Rivne Automobile Repair Plant – 508 proceedings

https://opendatabot.ua/analytics/salary-debts-2024-7

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Share of yuan in international settlements reached record 4.74% in July

The share of the yuan in international settlements reached a record 4.74% in July, up from 4.61% in June, Securities Daily reports, citing data from the SWIFT settlement system.

The yuan has been the fourth most popular currency for international payments for the ninth month in a row.

In the trade sector, the Chinese currency has a market share of 6% and is second only to the US dollar, outperforming the euro for the second month in a row.

The popularity of the yuan is due to the growth of trade, stable macroeconomic indicators and greater openness of the country’s financial market, said Chao Zhen, a researcher at the Hainan Institute of Financial Studies at the People’s Bank of China.

Traffic of large vehicles over 24 tons banned in Kyiv

Restrictions on the movement of large vehicles weighing more than 24 tons have been imposed in Kyiv due to the heat wave, the capital’s Patrol Police reported.

“Today, on August 26, restrictions on the movement of freight transport have been introduced in the capital,” the Patrol Police said in a message on Telegram on Monday.

It is noted that in order to preserve the road surface, trucks are prohibited from moving when the air temperature is above +28 degrees Celsius. The ban applies to vehicles with an actual weight of more than 24 tons and an axle load of more than 7 tons.

“Drivers can wait out the hot period at temporary parking areas in the right-of-way of highways and near road service facilities,” the Patrol Police reminded.

It is noted that the lifting of the restriction will be announced later.

First Mental Health Center in Ivano-Frankivsk opened in region

The first Mental Health Center in Ivano-Frankivsk region has been opened in the regional center, the head of the regional military administration, Svitlana Onyshchuk, has reported.
“The center will operate at the Ivano-Frankivsk National Medical University,” she wrote in a telegram channel on Friday.
According to her, the center will work in the following areas: psychoeducation; outpatient psychiatric reception; group psychotherapy; individual psychotherapy; training of family doctors.
“Our region is actively working to make mental health care a daily habit for people. That is why in Prykarpattia we are implementing the All-Ukrainian Mental Health Program initiated by the First Lady of Ukraine Olena Zelenska “Are You OK?”,” Onyshchuk said.