Almost 31 thousand sole proprietorships ceased operations in the first 4 months of 2024. The most frequently closed businesses are in Kyiv, Kharkiv and Dnipro regions. More than 23% of newly established businesses closed in 2024.
30,904 businesses ceased operations in the first 4 months of 2024. However, the number of new businesses opened is twice as high – more than 74 thousand in the first quarter of this year.
The most frequent closures are in the retail sector – 10,773 (34.9%). Computer programming and wholesale trade are also in the top three, with 10.1% and 6.2% respectively.
Kyiv has the highest number of businesses closing – more than 3,800 or 12.4%. The second place in the anti-rating is occupied by Kharkiv region – almost 2.4 thousand businesses (7.7%). And Dnipropetrovs’k region closes the top, where almost 2.4 thousand businesses, or 7.7%, have also ceased their activities.
Odesa and Lviv regions are also in the anti-top, with 7.7% and 6.8% respectively.
More than 23% of the newly created PEs last year ceased operations in 2024, which is 7.3 thousand businesses.
The military units that protect Kharkiv and the region have already received or will soon receive funds from the city budget to purchase the necessary equipment, said Mayor Igor Terekhov.
“I am in close contact with the commanders of the units that defend the city and the region. I know their needs, and I must say that Kharkiv has already allocated funds to some brigades, and in the near future will transfer money to our other defenders. We are talking about millions and millions so that the military can buy what they need to destroy the enemy,” Terekhov wrote on his telegram channel.
He also called on local businesses and MPs to financially support the region’s defenders.
“I also call on local businesses, members of the city council, members of the regional and district councils of the region, as well as members of the Verkhovna Rada of Ukraine from Kharkiv and the region to contribute their money to the defense of the city and the region,” Terekhov wrote.
Source: https://t.me/ihor_terekhov/1317
Speaker of the Verkhovna Rada Ruslan Stefanchuk and Speaker of the Grand National Assembly of Turkey Numan Kurtulmuş discussed the intensification of interparliamentary cooperation.
“The current high level of inter-parliamentary relations is an important component of the common relations between our countries, which is supported by our presidents, governments and peoples,” the press service of the Verkhovna Rada’s apparatus quoted Stefanchuk as saying at a meeting with Kurtulmuş in Ankara on Tuesday.
The two sides also discussed the work of friendship groups and the acceleration of contacts between parliamentary committees, in particular, on international affairs and national security and defense.
Stefanchuk noted Turkey’s role in the creation and activities of the International Crimean Platform and emphasized that he looks forward to Kurtulmuş’s personal participation in the third parliamentary summit of the International Crimean Platform.
“Turkey, which has been supporting Ukraine’s sovereignty, independence and territorial integrity since the first days of the full-scale invasion, is doing enough to achieve a sustainable and just peace,” Stefanchuk said, emphasizing the importance of implementing the Peace Formula of Ukrainian President Volodymyr Zelenskyy.
He emphasized that Ukraine looks forward to Turkish President Recep Tayyip Erdogan’s participation in the Global Peace Summit in Switzerland.
For his part, Kurtulmuş noted that Turkey supports Ukraine in its struggle for independence and sovereignty.
“We express our support for Ukraine in returning all the occupied territories, not only Crimea, and we stand for a sustainable and just peace,” Kurtulmuş said.
He expressed hope for a speedy end to the war and a transition to the stage of Ukraine’s recovery, in which Turkey will help Ukraine.
As reported, Stefanchuk is on an official visit to Turkey on May 13-15.
Arricano Real Estate Plc, a developer of shopping malls, continues to invest in the renovation of the Sun Gallery shopping mall in Kryvyi Rih and the construction of the Lukianivka shopping mall in Kyiv, said Margus Kurm, Chairman of the Board of Directors of Arricano, in an interview with Interfax-Ukraine.
“We have not stopped any of our activities. We are going to invest in Kryvyi Rih to repair our property, as well as in the construction of the Lukianivka shopping mall and other planned projects,” Kurm assured.
As reported, the building of the “Solar Gallery” (Kryvyi Rih) was damaged on January 8, 2024, as a result of a Russian missile attack. According to experts, the repair work will cost more than UAH 30 million. Arricano has already invested UAH 17.5 million and needs to invest more to fully restore the mall.
According to Kurm, the total budget of the Lukianivka shopping mall is about $145 million, and the company has invested $84 million so far.
“This means that additional investments are needed to complete the project. And we also need to attract some financial institutions to lend to this project. Thus, the completion of this project mainly depends on how quickly we can stop the actual raiding of our other assets,” Kurm explained.
As reported, over the years of its operation in the Ukrainian market, Arricano has invested more than $600 million in the Ukrainian economy and continues to invest.
Arricano Real Estate Plc (Cyprus) specializes in the construction of shopping and entertainment centers and is one of the leading developers in the Ukrainian real estate market. It owns and manages five shopping centers in the country with a total area of 147.6 thousand square meters: “RayON and Prospekt in Kyiv, Sun Gallery in Kryvyi Rih, and City Mall in Zaporizhzhia. The company also owns 49.9% in Sky Mall (Kyiv) and land plots for further construction of three projects that are currently under design. The company is also engaged in the construction of the Lukianivka shopping center in Kyiv.
According to the earnings report, Arricano Real Estate Plc’s revenue for 2023 amounted to UAH 36 million 155.9 thousand, which is 52.8% higher than in 2022, while net profit increased 2.28 times to UAH 7 million 167.7 thousand.
According to the report, in the first half of 2022, the largest shareholder was Estonian Rauno Teder, who increased his stake to 70.86% from 15.92% after his father Hillar Teder transferred his stake to him. Dragon Capital Investments Limited and Jüri Põld were also named among the shareholders.
Arricano’s shares were listed on the London Stock Exchange in 2013 and delisted due to the war in 2023. In addition to Dragon Capital, Arricano has attracted foreign investment from various reputable international investment banks, including Goldman Sachs and Morgan Stanley clients.
The full text of the interview with Margus Kurm will be published on the main page of the agency’s website www.interfax.com.ua.
The global and domestic corn markets are showing a rise in prices due to the problems of growing this crop in South America, according to the analytical cooperative Pusk, created within the framework of the All-Ukrainian Agrarian Council (AAC).
“Today, the situation on the corn market is determined by fundamental factors: problems in South America, which are the main suppliers of corn. Argentina had significant problems this year: droughts and pest damage. Brazil had excessive rainfall. These phenomena reduce the supply of corn in the world. The problems in South America are forcing many buyers to buy corn, and this is driving the market up,” the analysts explained.
In their opinion, buyers realize that in the new season key exporters will reduce production. In addition, the parallel rise in wheat prices also contributes to the rise in corn prices.
Experts expect Ukraine’s corn exports to reach 3 million tons in May. As of May 13, Ukraine has already exported 1.25 million tons of corn.
By next week, the conditional prices for Ukrainian corn will be about $170-178/ton on CPT deep water basis, $178-190/ton on CPT shallow water basis, $190-200/ton on DAP/CIF Constanta basis, $165-175/ton on DAP Vadul basis, according to Pusk.
Ukrgazvydobuvannya (UGV) has launched two more high-yield wells with a flow rate of 270,000 cubic meters and 120,000 cubic meters of gas per day, the press service of Naftogaz Group said Tuesday. According to it, the wells are 6,200 meters and 6,225 meters deep, drilled in the same field, in the same reservoir and almost simultaneously, so they are called “twins” in technical slang.
Thanks to the use of modern drilling machines, the skill of Ukrburgaz specialists and the reduction of accidents during the work, the wells were drilled in 8 months, whereas previously it took 2-3 years.
“New seismic and drilling data allowed our specialists to create a high-quality 3D model, which is one of the best in “Ukrgasvydobuvannya” and allows us to effectively plan the directions of further development of this field. The works on the field continue, and drilling of the next appraisal and production well will be completed soon”, – Oleg Tolmachev, Head of UGV, noted.
In total, since the beginning of 2024, UGV has already put into operation seven new high-yield wells, including twin wells.
As reported, UGV launched 86 new wells during 2023, of which 24 – with an initial flow rate of more than 100 thousand cubic meters.
In 2022, UGV produced 12.5 billion cubic meters of natural gas (marketable), which is 3% less than in 2021. At the end of 2023, the company’s marketable gas production amounted to 13.224 billion cubic meters, which is 0.679 billion cubic meters more than in 2022. The target for 2024 is 13.75 billion cubic meters.
Naftohaz Ukrainy owns 100% of Ukrhazvydobuvannya.
