Business news from Ukraine

Business news from Ukraine

UNESCO strengthens support and monitoring of situation in Ukraine

The Ministry of Culture and Information Policy states that UNESCO is stepping up its support and will actively monitor the situation in Ukraine.

“Recently, at UNESCO headquarters in Paris, during its 219th session, UNESCO has decided on actions and an emergency assistance program for Ukraine. From now on, the Director-General of UNESCO will actively monitor the situation in Ukraine within its internationally recognized borders in order to ensure UNESCO’s direct participation in the restoration of Ukraine within the framework of the Organization’s mandate,” the Ministry’s press service said.

It is noted that the decision provides for the Director-General of UNESCO to actively monitor the situation after the Russian Federation blew up the Kakhovka hydroelectric dam, and the monitoring should result in the preparation of an action plan to overcome the negative environmental consequences of this ecocide.

In addition, at the session, the Director of Strategic Planning of the UNESCO Secretariat presented a report by the Director-General of UNESCO on the measures taken to implement the UNESCO Program of Action and Emergency Assistance to Ukraine.

According to the document, UNESCO has mobilized over $66 million to help Ukraine.

“The delegations reaffirmed their readiness to continue financial support for UNESCO’s programs for Ukraine in certain areas, in particular for the protection of cultural heritage sites in Odesa, Kyiv, Lviv and other cities, and called on UNESCO to continue to mobilize resources to restore the Organization’s mandate in Ukraine. The statement of the Group of Friends of Ukraine at UNESCO in support of Ukraine with a strong condemnation of Russian aggression was announced by the UK delegation on behalf of 44 states,” the statement reads.

Telecom operators increased number of generators by 43%, batteries by 34% – NKEC

In 2023, Ukraine significantly increased the number of backup power sources required to ensure autonomous operation of electronic communication equipment for at least three days in the absence of external power supply.

This is stated in the report of the National Commission for the State Regulation of Electronic Communications, Radio Frequency Spectrum and Postal Services (NCCS), released on Thursday.

In 2023, the availability of generators for Kyivstar, VF Ukraine, Lifecell, Ukrtelecom, Datagroup increased by 43% compared to 2022, to 6,049 thousand units. The availability of batteries increased by 34% to 385.55 thousand units, the report says.

The number of addresses/points provided with autonomous power supply (generators) at the expense of third parties, where the relevant network equipment is located, based on the results of telecom operators’ work with local governments and enterprises, institutions, organizations, business centers, shopping and entertainment centers, increased to 2 thousand, which is 1.25 thousand more than at the beginning of 2023.

In addition, network operators, with the assistance of socially active private sector participants, have created networks of public Wi-Fi zones in many cities of Ukraine, allowing citizens to have open access to the Internet.

, , ,

Koblevo reduced its net profit by 32.9%

In 2023, Koblevo JSC (Mykolaiv region), one of Ukraine’s largest wineries, reduced its net profit by 32.9% compared to 2022, to UAH 8.6 million.

According to the company’s report in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), its assets increased by 6.4% to UAH 397.638 million over the year and exceeded the pre-war level of 2021, when they amounted to UAH 375.15 million.

The company’s retained earnings increased 1.3 times to UAH 39.126 million.

Total accounts receivable increased sevenfold to UAH 59.215 million over the year. The company has no long-term liabilities. Current liabilities increased by 5.9% compared to 2023 and amounted to UAH 270.19 million.

At the same time, the company reduced fixed assets by 13.6% to UAH 51.892 million, inventories by 4.7% to UAH 270.819 million, and free cash by 12.3% to UAH 1.066 million. In 2023, Koblevo JSC increased its equity by 7.2% to UAH 127.4 million.

The company announces that its annual shareholders’ meeting will be held remotely on April 26. The agenda of the meeting provides for leaving the net profit received in 2023 undistributed and not paying dividends.

According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the ultimate beneficiary of Koblevo JSC is Svyatoslav Nechytailo.

Koblevo JSC is a part of Bayadera Group established in 1991. The group unites core assets in the alcohol industry – distribution companies and its own production of alcoholic beverages in Ukraine, and is the exclusive importer of global alcohol brands in Ukraine.

The main brands are First Guild, Kozatska Rada, Hlibny Dar, Vozdukh, Celsius, Koblevo, Marengo, etc.

,

Real GDP in 2021-2025 (forecast)

Real GDP in 2021-2025 (forecast)

Source: Open4Business.com.ua and experts.news

Number of unemployed people registered in public employment service as of 31.01.2024 (in thousands)

Number of unemployed people registered in public employment service as of 31.01.2024 (in thousands)

Source: Open4Business.com.ua and experts.news

G7 ambassadors monitor selection of new HQCJ leadership

The new leadership of the High Qualifications Commission of Judges (HQCJ) should be virtuous and independent, the Italian Presidency of the G7 Ambassadors Support Group in Kiev said in a statement published on social network X on Thursday.

“The G7 Ambassadors are closely following the news of the High Qualifications Commission of Judges and call for a transparent selection process for the new leadership, which should be virtuous and independent. Advancing reforms and filling the courts with vetted judges is critical to public confidence in the judiciary and private sector investment,” the statement reads.

According to Interfax-Ukraine, on March 27, the HQCJ granted the application of the commission’s chairman, Roman Ihnatov, to dismiss him from the position of a member of the commission at his own request. He had been heading the commission since June 6, 2023.