On Friday, emergency shutdown schedules were canceled until the end of the day in all six regions – Dnipropetrovsk, Donetsk, Kirovograd, Poltava, Sumy and Zaporizhzhya, where they were applied during the evening peak load due to grid restrictions and insufficient local generation due to damage to power plants by Russian Federation attacks, the Energy Ministry said.
Its message in Telegram on Saturday notes that as of the morning emergency shutdown schedules are not applied anywhere, and hourly shutdowns are in effect only in Kharkiv region for 120 thousand subscribers, the reason for which is significant damage to the equipment of NEC Ukrenergo by Russian attacks and, as a consequence, the inability to transmit the necessary volume of electricity.
As noted on the air of the telethon “United News” chairman of the Board of “Ukrenergo” Vladimir Kudrytsky, the situation in Kharkiv remains difficult, restoration work continues.
“Today the dispatch center “Ukrenergo” also imposed restrictions in this area. They are less than yesterday, since the weekend, but they remain in place. Also somewhat limited power supply to industry in Dnipropetrovsk region, in particular in Krivoy Rog power hub. In Khmelnitsky and Odessa regions there are no restrictions today”, – described the situation the head of the system operator.
According to the Ministry of Energy, currently there is no electricity deficit in the energy system, it works in a balanced way. It added that yesterday at the request of Poland in the energy system of Ukraine supplied electricity from 12:00 to 15:00 hours.
As a result of the UAV attack on Saturday night, the equipment at one of the substations in Odessa region was disconnected, which left about 70 thousand consumers without light for a short period of time
In addition, in Dnipropetrovsk region, high voltage lines were shut down due to the state of the networks – household consumers, industry, and railroads were left without power supply, where train traffic disruptions were recorded. Within half an hour all consumers were supplied with power.
During the day power engineers have resumed power supply for about 151 thousand consumers, including all those de-energized due to bad weather. In particular, about 18 thousand households, de-energized as a result of unfavorable weather conditions in Kirovograd region, have been restored.
Schedules of emergency shutdowns, Ukraine. Ministry of Energy
Providing microcredits “Ukr Credit Finance” (TM “CreditKasa”) and “1 Safe Agency of necessary loans” (TM “MyCredit”) received the highest revenue among financial companies in 2023 – respectively UAH 3.12 billion and UAH 2.33 billion, the National Bank reported on its website.
The next three companies were formed by FC “E Groshi Kom”, “Miloan” and “Aventus Ukraine” (TM CreditPlus), whose revenue amounted from UAH 1.66 billion to UAH 1.46 billion.
According to the results of 2022, the leaders in terms of revenue were Finod LLC, engaged in currency exchange and deprived of all licenses by the National Bank in August 2023, and Novapey payment system, the data of which the National Bank stopped publishing after re-licensing of payment systems. The net income of these companies in 2022 amounted to respectively UAH 5.41 and 5.18 billion, while the places from third to fifth were taken by “Ukr Credit Finance”, “Aventus Ukraine” and “E Groshi com” with revenue from UAH 2.50 billion to UAH 1.27 billion.
According to the results of 2023, net income over UAH 1 billion was received by five more companies, of which only one is not from the microcredit market: the network of payment terminals FC “Kontraktovy Dom” (TM “Easypay”), which received UAH 1.38 billion.
Following with relatively close revenue figures – from UAH 1.33 billion to UAH 1.07 billion are Lineura Ukraine (TM “Credit7”), LLC “Maniveo Fast Financial Assistance” (Moneyveo), “Consumer Center” (TM “ShvidkoGroshi”) and “Advance Credit”, which demonstrated the highest growth dynamics by the previous year among the entire top ten – almost 37 times.
Among the leaders, the highest labor costs were incurred by “Consumer Center” – UAH 167.8 million, or 13.6% of revenue, while at “Avans Kredit” they amounted to UAH 29.3 million, or 1.8% of revenue.
According to the NBU data, in 2023 the profitability of companies improved dramatically: of the 40 largest representatives of the market, all, except for the State Mortgage Institution (SMI), ended the year with net profit, which totaled UAH 1.57 billion, while a year earlier there were 15 unprofitable companies.
The leader in net profit among financial companies for the past year was PJSC “Ukrfinzhytlo” – UAH 5.94 billion. It is followed by Ukr Credit Finance – UAH 202.7 million, the State Fund for Entrepreneurship Development, the operator of state support programs – UAH 177.7 million and Bizpozyka – UAH 177.1 million.
Slightly behind was Maniveo Fast Financial Aid, which earned UAH 167.7 mln, which allowed it to partially offset UAH 625.6 mln of the previous year’s net loss.
“Ukrfinzhytlo” also significantly outperformed all and in terms of assets – 60.89 billion UAH, owing the primacy in these two categories to its capitalization at the expense of government bonds.
Avior FC specializing in lending to agrarians is next – UAH 12.05 billion, whose revenue amounted to UAH 125.4 million last year.
The other eight companies in the top ten with assets from UAH 8.68 billion to UAH 3.55 billion had no revenue last year, while salary expenses and net profit were minimal.
Prime Minister Denis Shmygal says that in Ukraine will create the State Office for the development of industrial parks.
“We increase our self-sufficiency, strengthen the production and industrial potential. One of the key tools in this direction will be industrial parks. This year we allocate UAH 1 billion for their development,” Shmygal said at a government meeting on Friday.
According to Prime Minister, the Cabinet on Friday approved the procedure for the use of these funds: for the construction of infrastructure of industrial parks, for compensation for connection to networks, for compensation of the interest rate on loans taken for development and investment.
“Also, the State Office for the development of industrial parks will be created. We will use the experience of Singapore, Turkey, Poland to make industrial parks the growth points of our industry and economy,” he said.
In addition, on Friday, the Cabinet of Ministers decided to create two industrial parks.
In particular, one of the parks will be created in Vinnitsa region (investments in its creation will amount to more than UAH 50 million), and the second industrial park will be in Ivano-Frankivsk region, (investments in its creation and development may amount to UAH 1.5 billion).
“Thanks to the creation of these two industrial parks, more than 1,000 jobs in the processing industry will be created,” Prime Minister said.
Forecast of unemployment rate in Ukraine according to methodology of international labor organization until 2025
Source: Open4Business.com.ua and experts.news
On Sunday, March 31, in Ukraine without precipitation, the wind is predominantly southern, 7-12 m/s, in the western regions in the afternoon gusts of 15-20 m/s.
According to Ukrhydrometcenter, the temperature at night is 6-11°; on the left bank of the country 3-8° of heat; during the day 18-23, in the western regions up to 26, on the coast of the seas 13-18.
March 31 in Kiev without precipitation. The wind is south, 7-12 m/s. The temperature at night 8-10 ° warm, in the daytime 21-23 °.
According to the Central Geophysical Observatory named after Boris Sreznevsky, in Kiev on March 31, the highest temperature during the day was recorded at 22.4 ° heat in 1968, the lowest at night – at 8.8 ° frost in 1929.
Thus, forecasters allow setting a new temperature record in the Ukrainian capital in the coming Sunday.
On Monday, April 1, in Ukraine without precipitation. The wind is southern with a transition to south-western, 7-12 m/s, in the western regions in some places gusts of 15-20 m/s. The temperature at night is 6-11°; during the day 19-24°.
In Kiev on April 1 without precipitation. The wind is south with a transition to south-western, 7-12 m/s. The temperature at night is 8-10 °, during the day 21-23 °.
The article collects and analyzes the main macroeconomic indicators of Ukraine. In connection with the entry into force of the Law of Ukraine “On Protection of the Interests of Economic Entities during Martial Law or State of War” the State Statistics Service of Ukraine suspends the publication of statistical information for the period of martial law, as well as for three months from the date of its completion. The exception is the publication of information about the consumer price index, separate information on statistical indicators of 2021 and for the period January-February 2022. The article analyzes open data from the State Statistics Committee, the National Bank and analytical centers.
Maxim Urakin, PhD in Economics, presented an analysis of macroeconomic trends in Ukraine and the world based on official data from the State Statistics Committee of Ukraine, the NBU, the UN, the IMF and the World Bank.
Macroeconomic indicators of Ukraine
Maxim Urakin cited data from the National Bank of Ukraine on the improvement of the financial situation in 2023 compared to 2022.
“Last year was marked by a more favorable macroeconomic environment for the financial industry. GDP growth generally exceeded forecasts and inflation rates declined. Even after the downgrade, the discount rate remains high enough to make hryvnia investments attractive. Thanks to the efforts of the National Bank and market readiness, the transition to a policy of managed flexibility of the hryvnia exchange rate was successful. At the same time, this success was ensured primarily by stable receipts from partners within the framework of macrofinancial assistance and an increase in the share of exports of agricultural products,” Urakin emphasized.
The expert noted that the main risks for the economy remain the duration of the war and instability of international aid.
“In the third quarter of 2023, Ukraine’s GDP growth slowed to 8.2%. The negative balance of foreign trade increased by 3.2 times, which is a worrying signal. Public debt has slightly decreased compared to August figures, but in 2024 it may exceed the country’s GDP for the first time, which poses significant risks to economic stability,” the economist said.
The pace of international aid to Ukraine, in turn, has significantly decreased in the IV quarter of 2023 – I quarter of 2024, which could create significant risks to the country’s economic stability,” the economist said.
I quarter of 2024, which may negatively affect the recovery of the economy in the current year under the conditions of war.
Global Economic Outlook
Maxim Urakin also analyzed the global economy, noting a slowdown in growth to 2.2% in 2024.
“Analyzing the dynamics of global GDP shows that the global economy continues to recover from the pandemic, but geopolitical instability has a restraining effect on this growth. According to Maxim Urakin, it is important to monitor developments and adapt to changing conditions to ensure sustainable economic growth in the future. Ukraine, in this context, needs to focus on strengthening domestic political stability, restoring its economic potential and continuing reforms to improve its post-war prospects and strengthen its position on the global stage,” the expert explained.
According to the expert, the current macroeconomic situation in Ukraine and the world requires further analysis. For Ukraine, the main challenges in the coming years will be the need to rebuild Ukraine after the war and public debt management.
Earlier, the Experts Club analytical center released a video on how the GDP of countries has been changing in recent years, more video analysis is available here.
