Business news from Ukraine

Impact of electricity deficit on real GDP vs no deficit, % (forecast up to 2024)

Impact of electricity deficit on real GDP vs no deficit, % (forecast up to 2024)

Source: Open4Business.com.ua and experts.news

“Nova Poshta” has entered French market

Nova group of companies has entered the French market by opening its first branch in Nice, which became the hundredth branch opened outside Ukraine in Europe, the group’s press service said on Saturday.
“We plan to open in Paris and Lyon by the end of the year, and then in other major cities – Lille, Toulouse and Bordeaux,” said Vladimir Popereshnyuk, co-owner of the NOVA group of companies.
He clarified that France became the 14th European country to enter the market.
According to the press release, Nova Post’s post office in Nice accepts parcels up to 100 kg, with delivery costs of UAH 900 for documents, UAH 950, UAH 1.5 thousand and UAH 2.5 thousand for parcels up to 2 kg, 10 kg and 30 kg, respectively. For parcels over 30 kg, customers will have to pay an additional UAH 100 for each kilogram of parcel.
Customers can also order courier delivery of parcels up to 1 thousand kg to any address in France. For parcels up to 30 kg, you will have to pay an additional UAH 100, or UAH 250 for every 100 kg of weight if the cargo is over 30 kg.
The company’s partner in targeted services is the local company Chronopost. You can send a parcel from Ukraine to one of the 17 thousand Chronopost parcel delivery points located throughout France.
It is specified that thanks to its partners, Nova Poshta now has more than 35 thousand service points in Europe.

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Energy imports, forecast, bln dollars

Energy imports, forecast, bln dollars

Source: Open4Business.com.ua and experts.news

State Enterprise “Forests of Ukraine” earned UAH 11.1 bln in six months

In January-June 2024, the State Enterprise “Forests of Ukraine” earned UAH 11.14 billion, which is significantly more than in the same period in 2023, said the company’s CEO Yuriy Bolokhovets.
“The absence of in-house processing is fully compensated by a 15% increase in sales of unprocessed wood,” he wrote on his Facebook page.
Bolokhovets also noted that the state-owned enterprise has also lost significant subsidized assets, which the State Property Fund sells through Prozorro. Keeping non-core assets for years only drained the company’s funds, he explained.
“As a result, we expect a significant increase in the company’s profits. It’s too early to talk about specific figures, but it’s hundreds of millions of hryvnias more than last year,” the CEO emphasized.
Such decisions allowed the company to increase salaries of lower-level employees – forest masters and assistant foresters – and to increase social guarantees for demobilized employees, of which the company has more than 500.
In addition, the state-owned enterprise was able to raise prices for contractors and increase spending on the Armed Forces of Ukraine.
“The reform has changed everything. The State Enterprise “Forests of Ukraine” has moved to a model of market wages and transparent conditions for organizing production,” summarized its CEO.
According to the Opendabot service, the total profit of the State Enterprise “Forests of Ukraine” in 2023 amounted to UAH 2.8 billion.
As reported, Ukraine launched a forestry reform in 2016. As part of it, the sale of raw wood at electronic auctions has already been introduced. Since 2021, an interactive map of wood processing facilities has been operating in a test mode in a number of regions.
The industry has implemented the Forest in a Smartphone project, which contains a list of logging tickets for timber harvesting and allows you to check the legality of logging on the agency’s online map.
On June 1, 2023, Ukraine launched a pilot of electronic issuance of logging tickets and certificates of origin of timber. In addition, the State Enterprise “Forests of Ukraine” has launched a pilot project to procure timber harvesting services through the electronic platform Prozorro.

“Ukrzaliznytsia” transported 35.1 mln tons of grain cargo

In the marketing year 2023-2024 (MY, June-July), Ukrzaliznytsia JSC (UZ) transported 35.122 million tons of grain cargo, the best figure in the last four years, said Valery Tkachev, Deputy Director of Transportation Technology and Commercial Work Department of UZ, at a meeting with agricultural market participants on Thursday.
According to him, in June, 3.48 million tons of grain were transported by rail in all directions, a third more than in the same month of 2023.
In the first six months of this year, UZ transported 21.85 million tons of grain, which is 30% more than in the same period last year.
At the same time, 2.558 million tons of grain were transported in export traffic in June, and 18.731 million tons in six months, which is 43% more than a year earlier.
Export volumes of oil and oilcake and meals also increased. Thus, in January-June 2014, 954 thousand tons of vegetable oil were transported by rail, which is 30% more than last year. During the same period, the transportation of oilcake and meal increased by 19% to 1.41 million tons, Tkachev summarized.

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Number of unemployed people registered in public employment service as of 30.04.2024 (in thousands)

Number of unemployed people registered in public employment service as of 30.04.2024 (in thousands)

Source: Open4Business.com.ua and experts.news