Business news from Ukraine

59% of new fops in Ukraine were opened by women in 2024

This is the highest figure in recent years

More than 43 thousand fops in Ukraine in 2024 were created by women, according to the Unified State Register. This is more than half of the total number of newly created sole proprietorships in the first quarter of this year. Women most often open businesses in retail, personal and information services. Men are more likely to choose computer programming and wholesale trade.

43,554 new sole proprietorships were created by women in the first quarter of 2024. This is more than half – 59% – of the total number of new businesses and a record high in recent years. Men opened 30,496 new businesses in the same period. For comparison, in 2021, the share of women was 51% of the total number of newly created fops.

Most often, women entrepreneurs choose retail trade (68% of women and 32% of men), other personal services (89% of women and 11% of men), and information services (63% of women and 37% of men).

At the same time, men are more likely to choose computer programming (58% of men and 42% of women) and wholesale trade (52% of men and 48% of women).

https://opendatabot.ua/analytics/fops-gender-2024-4

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OTP Bank increased its net profit by 8%

The net profit of OTP Bank (Kyiv) in January-March this year amounted to UAH 1.56 billion, which is 7.8% better than the result for the same period in 2023, according to the quarterly consolidated financial statements of the financial institution.

According to them, the bank’s net interest income decreased slightly by 0.6% to UAH 2.14 billion, while net commission income decreased by 23.2% to UAH 247.3 million.

Since the end of 2023, OTP Bank’s assets have increased by 2.2%, or by UAH 2.2 billion, and reached UAH 104.2 billion as of March 31. This increase was primarily due to an increase in loans and advances to banks by 21.5% to UAH 26.1 billion and to customers by 2.7% to UAH 25.5 billion.

The portfolio of loans to legal entities and individual entrepreneurs decreased by 0.3% to UAH 26.2 billion, consumer loans to households – by 5.4% to UAH 4.76 billion, while loans under repurchase agreements increased by 69% to UAH 1.79 billion.

It is indicated that balances on accounts with the National Bank of Ukraine (NBU) decreased by 9.5% to UAH 9.05 billion, while cash on hand increased by 41.6% to UAH 1.18 billion.

According to the report, OTP reduced its investments in securities by 7.2% to UAH 40.24 billion.

Since the beginning of this year, the financial institution has managed to increase its customer accounts from UAH 81.16 billion to UAH 83.63 billion, and the bank’s total liabilities have increased from UAH 85.5 billion to UAH 86.3 billion.

It is noted that the bank’s capital increased by 9.2% to UAH 17.9 billion, including retained earnings by 19.4% to UAH 9.6 billion.

The financial report indicates that the remuneration of key management personnel for the first three months of this year included short-term payments of UAH 12.9 million, which is 40% less than in the same period last year.

Since June 1, 2006, OTP Bank has been a 100% subsidiary of the Hungarian OTP Bank Plc. According to the National Bank of Ukraine, as of April 1, 2024, OTP ranked 11th in terms of assets (UAH 112.26 billion) among 63 banks operating in the country. The financial institution’s net profit for 2023 amounted to UAH 3.71 billion.

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Number of applicants per vacancy (comparison) as of 01.07.2023

Number of applicants per vacancy (comparison) as of 01.07.2023

Source: Open4Business.com.ua and experts.news

Death of Iranian president is officially announced

On May 19, Iranian President Ibrahim Raisi died in a helicopter crash on the border with Azerbaijan, the Iranian Mehr News Agency reports.
It is reported that Foreign Minister Hossein Amir Abdollahian, who accompanied Raisi on the trip, also died in the crash.
In addition to them, the helicopter was carrying the governor of Iran’s East Azerbaijan Province, Malek Rahmati, the representative of the Leader of the Islamic Revolution in the Province of East Azerbaijan, Ayatollah Mohammad Ali Al-Hashem, and several other unnamed individuals. All of them were killed.

Kyiv Zoo hosted grand opening of children’s slide – gift from Embassy of Vietnam in Ukraine

On May 16, 2024, the Kyiv Zoo hosted the opening ceremony of a children’s slide in the form of the Turtle sculpture, which represents the symbol of the Vietnamese capital, Hanoi.

This project is the work of both Vietnamese and Ukrainian designers. Ukrainian creators made it in the national style of Vietnam.

The grand opening was attended by distinguished guests – representatives of diplomatic missions of foreign countries accredited in Ukraine, high-ranking parliamentary officials, members of the Vietnamese community, soldiers and officers who took part in the Vietnam War, educators and cultural figures.

Dr. Nguyen Hoang Thanh, Ambassador Extraordinary and Plenipotentiary of the Socialist Republic of Vietnam to Ukraine and the Republic of Moldova, welcomed the guests.

“We are pleased to open a new “children’s slide” in Kyiv Zoo. It will be a place where children will be able to have fun in the zoo with their parents. In wartime, the zoo is a place where people can regain their balance after sirens and explosions. The Vietnamese Embassy in Ukraine is very proud to have completed a modest project in cooperation with our Ukrainian friends to help Kyiv residents overcome today’s difficult time,” the ambassador said.

As it turned out, the project was conceived before the active hostilities.
“The project originated from my meeting with the mayor of Kyiv before the war. Back then, we were thinking of doing something to demonstrate the friendship between Hanoi and Kyiv. Today we are happy that after some time this idea has become a reality. This is the first time that the symbol of the Vietnamese capital, Hanoi, has been displayed in public and in the heart of Ukraine’s capital, Kyiv. It is also a symbol of friendship between Vietnam and Ukraine.

Our two countries have experienced decades of friendly relations and mutual assistance, both in wartime and in the construction of each country’s homeland. The establishment of this symbol of friendship is both a reaffirmation of our cooperation and a commitment that we will develop Vietnamese-Ukrainian relations together,” added Ambassador of Vietnam to Ukraine and the Republic of Moldova Nguyen Hoang Thanh.

In conclusion, Mr. Ambassador expressed his gratitude to Mr. Kyrylo Trantyn, Director General of Kyiv Zoo, for cooperation and support of this project, as well as to the two sponsoring companies: “Eurofood Service and Svetprint.

The official part of the event was followed by a performance by the Veselka folk artistic choreographic group of the Vasylkiv Center for Children and Youth Creativity.

Vietnam recognized independent Ukraine on December 27, 1991. On January 23, 1992, diplomatic relations were established between the two countries. The same year, the Embassy of Vietnam in Ukraine was opened, and the Embassy of Ukraine in Vietnam was also opened.

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Tomorrow from 18:00 to 24:00 Tuesday, schedule of hourly power outages will be introduced in Ukraine

Hourly shutdown schedules will be introduced for all regions of Ukraine from 18:00 Monday until midnight Tuesday, Ukrenergo said.

“Tomorrow, May 20, from 18:00 to 24:00 for industrial and household consumers in all regions of Ukraine will operate schedules of hourly shutdowns,” – said in a message in the Telegram channel.

Power supply to critical infrastructure facilities will not be limited, the agency added.