Business news from Ukraine

Business news from Ukraine

Lelek maternity hospital estimates damage from war at almost $1 million

Direct damage to the Leleka maternity hospital (Pushcha-Voditsa, Kyiv region) from the armed invasion of the Russian Federation in Ukraine amounted to about $900 thousand, UAH 5 million has already been invested in the restoration of the building, the work of the maternity hospital has been resumed, a new surgical department has been launched, Interfax reported. -Ukraine” General Director of the Leleka Medical Center Valeriy Zukin.
“The building was significantly damaged during the active battles for Kyiv in the spring. Since April, we have been restoring it on our own. Since September 1, 2022, we have been accepting patients, providing medical care in childbirth and pregnancy, services for gynecological examinations and treatment of any gynecological problems. Also on On the basis of the maternity hospital, a full-fledged center of modern surgery has been launched, where surgical treatment of a wide range of diseases for adults is carried out,” he said.
According to Zukin, first of all, windows were glazed, the facade was partially repaired. About UAH 5 million has already been spent for these purposes.
“The facade will have to be changed in the spring, its functionality has significantly decreased due to hits. About $200,000 is needed to replace it, and the same amount is needed to replace air conditioning systems and floor coverings. In general, the damage is estimated at about $900,000,” the CEO specified.
The decision to open a surgical department for the whole family in the maternity hospital was forced. “As a result of a full-scale war, we can already talk about a significant decrease in the number of new pregnancies and births both in Ukraine in general and in Kyiv in particular. Leleka in Pushcha-Vodytsia is a large, spacious, innovative and modernly equipped facility, which needs to be used at full capacity. Therefore, we decided to launch new medical areas and transform from a women-only facility into a multidisciplinary medical center,” Zukin said.
As reported, the Leleka Medical Center received a certificate from the most prestigious international accreditation system for medical institutions JCI.
Leleka LLC was established in 2014.

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Prime Minister of Poland travels to Kyiv – Polish media

Polish Prime Minister Mateusz Morawiecki has left for Kyiv, where he will hold several meetings to discuss topics such as the geopolitical situation, the energy market and security, government spokesman Piotr Muller told private TV channel Polsat on Friday.
At the same time, he noted that no significant or sudden changes would be announced during the visit, but this visit is a political signal to the Kremlin, reminiscent of Poland’s position in connection with the Russian aggression against Ukraine.
“We will support Ukraine in this very difficult situation, because we believe that Russia is violating all possible international standards. In addition, protecting Ukraine is also protecting our security,” Muller said.

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Foreign trade turnover by the most important positions Jan-May 2022 (import)

Foreign trade turnover by the most important positions Jan-May 2022 (import)

SSC of Ukraine

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Decline in real gross domestic product of Ukraine slows down to 35% in Aug

A decline in real gross domestic product (GDP) of Ukraine amounted to approximately 35% in August 2022 compared to August 2021, this estimate was given by the Ministry of Economy on Thursday.
“As you can see, the GDP decline rate is slowing down. This is confirmed by the trends that were observed in the second quarter and August of this year,” the ministry points out, commenting on the data released by the State Statistics Service on a GDP decline in the second quarter of 2022 by 37.2% compared to the second quarter of 2021, which is less than the previous estimates of the Ministry of Economy (40.6%).
“Over 2022, we expect a slowdown in a GDP fall to 33.2%. When forming the state budget for 2023, we will proceed from a conservative scenario for the development of events, which will allow the state to reduce budget risks and fully fulfill all its obligations to citizens,” the message quotes Deputy Prime Minister and Minister of Economy Yulia Svyrydenko.
The ministry indicates that August macro indicators were positively influenced by the partial unblocking of grain exports from the ports of Great Odesa to the EU countries, as well as the acceleration of a pace and volume of grain harvesting in the territory controlled by Ukraine. As of the end of August, 25.3 million tonnes had been harvested.
“In the future, a pace of recovery will depend on a situation at the front, a scale and speed of obtaining donor assistance, an availability of ports for export, a return of Ukrainians from abroad and a growth of labor productivity. Today there are grounds for restrained optimism,” Svyrydenko said.
The Ministry of Economy pointed to an observed improvement in business expectations about the prospects for their economic activity: the business activity expectations index in August amounted to 44.1 versus 43.6 in July.
Establishing import logistics chains and diversifying suppliers stabilized fuel prices, which reduced inflationary pressure on the economy amid falling external prices, especially for energy and food, the release notes.
In addition, in August Ukraine received a significant amount of international assistance – $4.6 billion, including $3 billion in grant funds from the United States through the World Bank. “In the foreseeable future, this makes it possible to ensure macroeconomic stability, cover military spending and reduce the budget deficit,” the Ministry of Economy believes.

Prices for wheat from Ukraine rose insignificantly, corn quotes are stable – Barva Invest

Prices for wheat from Ukraine for the period from August 26 to September 8 slightly increased against the backdrop of a gradual resumption of its exports by sea, corn quotes on the Ukrainian market are stable, according to the Telegram channel of the consulting company Barva Invest.
As, on September 8, quotations of wheat from Ukraine on the terms of delivery of CPT are estimated at 4.9-6.4 thousand UAH / ton, while on August 26 – 4.5-6.4 thousand UAH / ton, on August 11 – 4 3-6 thousand UAH/ton, and on August 4 – 3-5.5 thousand UAH/ton. The spot price of corn at the Chop checkpoint near Hungary for the period August 26-September 8 remained at $240/ton.
According to Barva Invest, the December futures of wheat from the Black Sea region Black Sea (BWFU2) as of September 8 decreased by 5.9% compared to August 26 – to $317.25/ton, however, on the European exchange Euronext (EBMU2) increased by 0.5%, up to EUR328.75/ton, and on the Chicago Stock Exchange (ZWU2) – by 9.8%, up to $8.44/bu.
Thus, wheat quotes for the reporting period were influenced in different directions by the rise in prices for other grain crops and the expectation of increased demand from importers against the backdrop of statements by Russian President Vladimir Putin criticizing the Istanbul grain agreements that allegedly the “grain corridor” from Ukraine is used to supply food to EU countries, not to poor third world countries.
“Wheat quotations reacted with active growth to another portion of demagoguery from Russia regarding the export of Ukrainian grain from Ukrainian ports within the grain corridor … (Putin – IF) said that he would consult with his henchmen and Turkey regarding the need to limit Ukraine’s export destinations,” the consulting company emphasized. company in the message.
The investment company clarified that by September 8, the December futures for corn from the Black Sea region (BWFU2) slightly decreased by 0.8% compared to August 26, to $310.75/ton, while on the Chicago Stock Exchange (ZCU2) it increased by 3 .2% to $6.71/bu.
Quotes of corn on the world market also changed in different directions, prices were influenced by the market’s expectation of a possible decrease in estimates of the American crop in the September report of the US Department of Agriculture, fears about the prospects for corn yields in the US and the EU due to record drought, concerns about the prospects for a global recession, as well as subsidence oil prices.
The key transactions with soft commodities were the purchase by Japan of 95 thousand tons of wheat (from the USA and Canada), Iraq – 100 thousand tons of wheat (from the USA), Jordan – 120 thousand tons of wheat, South Korea – 60 thousand tons of wheat and 206 thousand tons of corn. In addition, the Philippines announced a tender for the purchase of 100,000 tons of feed wheat, Japan for 70,000 tons of feed wheat, and South Korea for 55,000 tons of wheat.
As reported, in response to Putin’s criticism of the Istanbul grain agreements, Ukrainian President Volodymyr Zelensky said on September 8 that Ukrainian grain is being shipped to Asia, Africa and Europe. Prior to this, the President of the Russian Federation was outraged by the allegedly larger share of agricultural products that goes along the grain corridor from Ukraine to the EU, and not to poor third world countries.
According to Zelensky, 54 ships with agricultural products have already been sent to Asia, 16 to Africa, 32 to Europe. At the same time, part of the European supplies are subsequently redirected to Asian and African countries, the President specified.
On July 22, in Istanbul, with the participation of the UN, Ukraine, Turkey and Russia, two documents were signed on the creation of a corridor for the export of grain from three Ukrainian ports: Chornomorsk, Odessa, and Pivdenny.
As of September 6, the total tonnage of grain and other food products exported from three Ukrainian ports is, according to the UN, 2.213 million tons. In total, the movement of 204 vessels has been allowed at the moment – 108 arriving in Ukrainian ports and 96 leaving them.

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Britain plans at least 10 days of mourning for Queen’s death

In the UK, at least 10 days of mourning are expected in connection with the death of Queen Elizabeth II, after which her funeral will take place, during which time major sports and government events are likely to be canceled, English media reported on Thursday.
Elizabeth’s body will be moved to Edinburgh Cathedral and later to Buckingham Palace. Five days after that, he will be moved to Westminster Hall. The Queen’s funeral, according to the media, is expected at Westminster Abbey 10 days after her death.
The death of Elizabeth II means that her eldest son, Crown Prince Charles, at the age of 73, automatically becomes the new king of Great Britain, and his wife Camilla becomes queen.

“The death of my dear mother, Her Majesty the Queen, is a moment of great sadness for me and all members of our family. We deeply mourn the passing of a beloved monarch and beloved mother,” the new king of Great Britain said in an official statement.
A number of ceremonial events are expected to take place on Friday to officially mark the new king’s ascension to the throne. Traditionally, after the death of the monarch, the Council of Succession meets to resolve organizational issues.
In addition, Clarence House – the residence of the British royal family – on Thursday evening confirmed that the king will rule under the name Charles III.
It is not yet known when the coronation ceremony will take place. Queen Elizabeth II was crowned more than a year after her father’s death.
It is also expected that major sporting events such as football and cricket matches will be cancelled. Already in today’s Europa League match, in which the English “Arsenal” met with the Swiss “Zurich”, before the start of the second half, they held a moment of silence.
The British media report that, most likely, the country’s authorities will not hold any non-urgent events that are not related to the death of the queen for ten days.

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