According to the Unified State Register (USR), there are 1,286 addresses for mass registration of companies in Ukraine. Most of them are located in Kyiv, Kharkiv and Odesa regions. The largest number of businesses at one address is recorded in the capital – more than 2 thousand companies.
More than 140 thousand companies are registered at mass registration addresses in Ukraine. These addresses are used by Opendatabot to identify locations where more than 50 different businesses are registered. Checking the address for mass registration will help to avoid fraud and potentially unreliable businessmen.
Follow the information on the page of the Register of places of mass registration of legal entities
The largest number of companies registered at such addresses was recorded in Kyiv – more than 101 thousand, or 71.8% of the total. Kharkiv and Odesa regions are also in the top three, with more than 8 thousand (6.3%) and 5 thousand (4.1%) respectively.
The same regions are also leading in terms of the number of addresses. In Kyiv, companies are massively registered at 815 addresses (63.4%), in Kharkiv and Odesa regions – 105 (8.2%) and 65 (5.1%) respectively.
Most companies are registered at one location in the capital: 12 Melnykova Street. This is the legal address of 2,363 companies, including 1,978 active and 385 inactive.
The registration of a company’s location at the addresses of mass registration can be attributed to its negative characteristics when planning cooperation with such a company, says insolvency receiver Denys Lykhopiok.
“In my practice, I have encountered a frequent phenomenon that the location of a bankrupt company is the place of mass registration.
In particular, such re-registration is most often initiated by managers and business owners who are trying to avoid financial liability on the eve of bankruptcy proceedings. Sometimes, such developments can be planned even from the very beginning of the company’s activities,” comments Denys Lykhopiok, attorney at law, insolvency receiver, member of the Qualification Commission of Insolvency Receivers, bankruptcy specialist.
The international rating agency S&P Global Ratings has upgraded Turkey’s long-term foreign and local currency ratings to “B+” from “B”.
The ratings outlook is “positive,” according to a press release from S&P.
“We expect that following the municipal elections held in the country, the Turkish authorities will continue to fight inflation aggressively through tightening monetary policy and gradual fiscal consolidation,” the agency’s experts say.
S&P predicts a decline in Turkey’s current account deficit over the next two years, along with weakening inflation and slowing dollarization of the economy. At the same time, the agency’s analysts believe that the country’s inflation rate will remain double-digit until early 2028.
The Central Bank of Turkey is likely to keep the key interest rate at the current level of 50% until the end of 2024, according to S&P.
“We could upgrade Turkey’s rating again if the country’s balance of payments continues to improve, inflation slows, and domestic savings in Turkish lira increase, allowing the country to rebuild its foreign exchange reserves,” the agency said in a press release.
S&P may change the outlook on Turkey’s ratings to stable if pressure on the country’s financial stability or state budget increases, for example, if the lira’s depreciation fails to stop, or if the authorities abandon inflation control measures.
Earlier, Experts Club and Maksim Urakin released a detailed video analysis of how economic and political life is developing in Turkey, more detailed video analysis is available here – https://youtu.be/SUqOMFI5HbI?si=uEIZZOORj65VElUQ
You can subscribe to the Experts Club YouTube channel here – https://www.youtube.com/@ExpertsClub
The National Bank of Ukraine (NBU), taking into account Russia’s recent terrorist attacks on energy infrastructure, has included in its macroeconomic forecast an average electricity deficit of about 5% in 2024-2025, while estimating electricity imports at $0.8 billion in 2024 and $0.6 billion in 2025.
“If there are no new significant destructions, the NBU estimates that the electricity deficit, even taking into account imports and partial restoration/installation of new generating capacities, will be 5-7% on average in the second to fourth quarters of 2024,” the NBU said in its April inflation report, which was recently released.
This means restrictions on consumption for both households and industry. Due to uneven consumption throughout the day during peak hours, the deficit may reach 25-30% and be higher in energy-deficient regions, the National Bank explained.
“The deficit will persist in 2025 (an average of 7% in the first quarter and 3% by the end of the year),” its experts believe.
According to the report, a significant electricity deficit is likely to occur in the second quarter of 2024 due to a decrease in floods and the need to repair nuclear power units. In the future, the electricity deficit may increase with increased consumption in the summer and during the heating season.
The NBU reminded that the integration of Ukraine’s power system with the European one allows for the import of 1.7 GW of capacity (as authorized by ENTSO-E), which is used to compensate for temporary shortages of generating capacity during peak consumption hours and to balance the power system. However, due to significant fluctuations in consumption, in particular in neighboring countries, the import capacity is likely to be less than the maximum volume. In addition, import coverage is limited due to imbalances in the grid, including low transmission capacity in some regions due to significant damage.
It is pointed out that the risk of increased Russian attacks on energy infrastructure remains high for both production and distribution capacities. In the event of further damage, GDP growth will be lower than in the baseline scenario (3% in 2024 and 5.3% in 2025), and price increases will be higher due to higher costs resulting from the use of more expensive energy sources.
“However, the level of readiness of businesses and households for potential electricity outages is higher than in 2022-2023, which will limit the negative impact of the electricity shortage on the economy,” the NBU said.
Oil prices are rising on Monday after the biggest drop since February in the previous week.
The cost of July futures for Brent on the London ICE Futures exchange as of 8:10 a.m. is $83.25 per barrel, which is $0.29 (0.35%) higher than at the close of the previous trading. On Friday, these contracts fell by $0.71 (0.9%) to $82.96 per barrel.
June futures for WTI in electronic trading on the New York Mercantile Exchange (NYMEX) have risen in price by this time by $0.3 (0.38%) to $78.41 per barrel. As a result of the previous trading, the value of contracts decreased by $0.84 (1.1%) to $78.11 per barrel.
Over the week, Brent fell by 6%, while WTI fell by almost 7%.
Last week’s pressure on the market was exerted by data on the growth of US stocks and signals of declining demand, as well as some easing of fears associated with the possibility of a reduction in oil supplies from the Middle East.
Traders believe that amid a significant decline in prices, OPEC+ countries will continue to limit production. The majority of traders and analysts surveyed by Bloomberg expect that the alliance countries that adhere to the voluntary production curbs will continue the current measures until the end of this year.
Saudi Aramco announced last weekend that it will raise oil prices for Asian buyers in June. The cost of the main grade supplied to Asia, Arab Light, will increase by $0.9 per barrel. As a result, it will cost $2.9 more than a basket of Omani and Dubai crude, Saudi Aramco said in a statement.
Raphaël Glucksmann, a member of the European parliament and the lead socialist candidate in France in the upcoming EU elections, has urged Emmanuel Macron to be “firm” against China and “not to remain silent in the face of the crimes” against the Uyghurs.
In an interview with France Inter radio on Monday morning he said it was wrong to roll out the red carpet in the way Macron has for the Chinese president.
“You can receive him, you can talk to anyone, but not like this. Not by taking him to the vacation village of his childhood, to his grandfather’s house, not, as the Élysée puts it, by giving this visit a friendly setting because Xi Jinping is not our friend. In addition to deporting the Uyghur people, repressing the Tibetans and Hong Kongers, suppressing opponents and threatening the Taiwanese.”
Glucksmann also claimed that China is killing French green tech putting solar panel companies out of business with its cut-price alternatives.
“We used to have solar panel champions in France and Europe. Today, how many companies produce solar panels in France? There’s only one left.
He added: “What I want for us is to no longer be the gall guys,” he said noting that when Canada sees distortions in trade with the Chinese it imposed tariffs of over 200%. “In Europe they charge 15%. That’s not a deterrent.”
On May 15 and 16, CEC Parkovy in Kyiv will host the second Ukrainian Construction Congress, which this year has significantly expanded, consolidated the Ukrainian government, business, public organizations and structures and will become a platform for a number of events of international and Ukrainian organizations.
In addition to its own program, which will consist of discussion panels, speeches and presentations by experts in various fields, the Second Ukrainian Construction Congress will include its own events by the Association of Small Cities of Ukraine, which will bring together 200 heads of communities and present the Supermarket of Solutions for Communities platform, which will enable businesses to enter the municipal market, the Association of ATO Veterans, whose participants will discuss veteran entrepreneurship, as well as events of the Union of Real Estate Professionals and the International Business Community Board.
According to Oksana Zholnovych, Minister of Social Policy, there are 3 million people with disabilities in Ukraine, and this number is constantly increasing, including due to the hostilities. Therefore, the key topic of the Congress will be the restoration of Ukraine with regard to barrier-free and inclusive development.
The Congress will traditionally become a platform for constructive dialogue, exchange of views and ideas between the government, developers, architects, builders, manufacturers of construction materials, the public sector and other industry players.
The main topics of the congress will be:
“Strategies and challenges of Ukraine’s recovery: ways to economic and social development in 2024-2025”;
“New approaches to construction in wartime. New safety standards and norms”
“Restoration of historical sites”;
“Veteran enterprise as a guarantee of public safety”
“Barrier-free and inclusive: challenges of today”;
“Women of Ukraine – the second force after the Armed Forces”
“Industrial reconstruction as an important driver of the Ukrainian economy”;
“Mortgage. Dependence on the NBU and the Ministry of Finance”;
“Prospects for the recovery of housing construction”.
A separate important part of the congress will be the panel “The work of international and Ukrainian funds, main directions, key projects and initiatives”. During the discussion, participants will discuss prospects in both construction and other areas, as well as ways to interact with communities, NGOs, and businesses.
As part of the concept of rebuilding Ukraine, the conceptual plans “Steel Dream Bakhmut” and “Steel Dream Mariupol” will be presented. And 2 certificates for the development of similar plans for two interested communities will be drawn.
The full program and speakers, as well as the registration form, are available at https://www.ubc-ua.info/.
For the first time, the Congress will include the announcement of the winners and award ceremony of the independent construction award “BUILDER OF THE YEAR – 2024”.
The awards will be given to companies, industry professionals and projects in 15 nominations in the categories of Construction, Architecture, and Business in the Construction Industry. The full list of nominations is available on the award website.
The winners will be selected by an honorary jury and a qualification commission consisting of leading Ukrainian architects, chief city architects, restorers, accessibility experts, as well as Christos Passas, director of the world’s top architectural firm Zaha Hadid Architects, Hiroki Matsuura, architect, urbanist, founder of MASA, MADMA urbanism+lanscape, and Tetiana Lomakina, Presidential Commissioner for Accessibility. Julian Chaplynsky, a well-known Ukrainian architect, urbanist, and chief architect of Lviv in 2015-2018, was the chairman of the jury.
“The main task of the Congress is to develop Ukraine, its potential, and the development of Leadership in the country’s business. It is the Leaders who can change the situation for the better and help society find the path to development, progress, and prosperity, despite all the difficulties that surround us,” comments Igor Parubsky, organizer of the Ukrainian Construction Congress.
PARTICIPANTS
The participants and guests of the second Ukrainian Construction Congress will include representatives of the government, business, public and charitable organizations, advocates and foreign guests.
Among them are Vitaliy Koval, Head of the State Property Fund of Ukraine, Tetiana Lomakina, Presidential Commissioner for Barrier-Free Access, Pavlo Kozyrev, Head of the Association of Small Cities of Ukraine, Tetiana Skrypka, Head of the Construction Sector Project Office at METINVEST-SMC, Kateryna Pryimak, head of the Veteranka movement, Volodymyr Popereshniuk, co-owner of NOVA Group, Garik Korogodsky, writer, founder of the Zhyttieliub Charitable Foundation, owner of the Dream shopping mall, Ihor Liski, co-founder of the Ukrainian Institute for the Future, Valeriy Pekar, lecturer at Kyiv-Mohyla and Lviv Business Schools, Andriy Dligach, Ph. D., Chairman of Advanter Group, Vitaliy Melnyk, Vice President of UDP, and Vlad Goldakovskiy, founder of Goldakovskiy Group Architects.
Also invited to the congress are Oleksandr Kubrakov, Vice Prime Minister for Reconstruction of Ukraine – Minister of Development of Communities, Territories and Infrastructure, Natalia Kozlovska, Deputy Minister of Development of Communities, Territories and Infrastructure of Ukraine, Olga Rudneva, CEO of Superhumans, Lina Kostenko, Ukrainian poet, writer, Mariana Oleskiv, Head of the State Agency for Tourism Development, Vladyslav and Iryna Chechotkin, co-owners of Rozetka. ua, Kateryna Glazkova, Executive Director of the Union of Ukrainian Entrepreneurs, Oleg Gorokhovsky, co-founder of monobank, Zoya Lytvyn, founder of the NGO Osvitoria, Natalia Shapovalova, CEO of ATB-Market, and others.
Link to photos from the press conference and the first congress: https://fex.net/uk/s/fmlm12t
Link to the broadcast of the program presentation: https://www.youtube.com/watch?v=KVTMDo7_fvo
