Business news from Ukraine

Business news from Ukraine

NEW GAS FIELD DISCOVERED IN LVIV REGION

The head of the Lviv regional military administration, Maxim Kozitsky, announced the discovery of a new gas field in the region.

“It’s official: a new gas field has been discovered in the Lviv region! We will only increase production further,” he wrote on his Facebook.

At the same time, he once again explained the sounds of explosions that alarmed the inhabitants of the region on March 31 precisely by the processes associated with the discovery of this field.

GROUP OF COMPANIES “ALLO” LAID OFF MORE THAN HALF OF STAFF

The Allo group of companies was forced to lay off more than half of its employees during a full-scale war, and expects to restore labor relations after the restoration of business, said Dmitry Derevitsky, head of the board of directors of Allo Group of Companies. “Unfortunately, we had to part with more than half of the company’s employees, the rest are involved on a piece-rate basis, depending on the hours worked. is UAH 25 million,” Derevitsky said on Facebook. According to him, the group has also lost some stores, and is also under pressure from some landlords demanding payment in full.

“Margins have fallen critically on our own imports. Sales have fallen by an order of magnitude compared to the pre-war level. If we can’t bring rent and current revenue in line, we will leave such outlets,” he said. Derevitsky noted that the bulk of the group’s goods were transported to new distribution centers in western Ukraine. About 200 stores have been restored, and the marketplace has also resumed work. The group plans to launch courier delivery to the branches of logistics operators by the end of April, but in the meantime, you can pick up the goods ordered on the website at open retail outlets. “Next week, we are resuming the import of such critical goods as power banks, chargers, smartphones, push-button phones. Despite significant losses, the company is adapting to work in the new conditions in order to save business, jobs and support the state with taxes,” – Derevitsky emphasized.

LLC “Allo” was founded in 1998. As of the end of 2021, the network has 345 outlets in 140 cities of Ukraine. “Hello” is the official representative and distributor of Xiaomi in Ukraine. The first monobrand store Mi Store was opened at the beginning of 2017 in Kyiv. The network has 30 points in 14 cities. According to the Unified State Register, the participants of Allo LLC are PE Dniproinvest 2016 (96.09%), Dmitry Derevitsky (3.61%), Maxim Raskin (0.3%). The ultimate beneficiary is Derevitsky.

 

UKRTELECOM RESUMED PROVIDING SERVICES IN ALL REGIONS EXCEPT LUGANSK

Mobile operators and providers continue to provide access to communication services as of 13:00 on April 2, 2022, according to a message in the telegram channel of the State Service for Special Communications and Information Protection of Ukraine.

The situation with the coverage of mobile operators on the territory of Ukraine over the previous day has not undergone significant changes. The most problematic regions are Donetsk, Kyiv, Chernihiv regions.

At the same time, the operators began work to restore communications in the settlements of the Kiev region, liberated from the invaders.

“Despite all the difficulties and the destruction of infrastructure by the enemy, operators continue to provide mobile communications and Internet services. However, in order for companies to continue to work stably, ensure the functioning of networks and the provision of services, we remind all Ukrainians of the importance of paying for services,” the department noted.

Also, according to the State Service for Special Communications, on April 1, Ukrtelecom specialists restored damaged trunk lines and services in Odessa, Kherson and Nikolaev regions.

“Currently, the services of the company (Ukrtelecom – IF) are provided in all regions, except for the Luhansk region. The search for opportunities to resume telecommunications services continues,” the report says.

Internet providers in Ukraine recorded 128 cases of network damage or equipment unavailability per day.

Ukrainian television continues to go on the air in the vast majority of non-occupied territories. The Concern for Radio Broadcasting of Radio Communications and Television, which belongs to the management of the State Special Communications Service, maintains the operation of the relevant infrastructure so that Ukrainians can receive truthful information. Satellite broadcasting works stably.

The National Center for Operational and Technical Management of Telecommunications Networks (NTsU) under the State Special Communications Service provides full control of networks in war conditions.

UN: WAR IN UKRAINE KILLS AT LEAST 1,276 CIVILIANS

Civilian casualties from February 24, when Russia started the war against Ukraine, to March 31, 2022 amounted to 3,257 civilians (3,167 in the report a day earlier), including 1,276 dead (1,232), reports the Office of the UN High Commissioner on Human Rights on Friday.

“OHCHR believes that the actual figures are much higher as information is delayed from some areas of intense fighting and many reports are still awaiting confirmation,” the document says.

According to him, this applies, for example, to Mariupol and Volnovakha (Donetsk region), Izyum (Kharkiv region), Popasna (Luhansk region), Irpin (Kyiv region), where there are reports of numerous civilian casualties. They are subject to further verification and are not included in the above statistics.

“The majority of civilian deaths or injuries were caused by the use of explosive devices with a wide area of ​​effect, including shelling from heavy artillery and multiple launch rocket systems, as well as rocket and air strikes,” the report says.

According to confirmed UN data, 260 men, 184 women, 36 boys and 18 girls died, while the sex of 61 children and 717 adults has not yet been determined.

Among the 1981 wounded were 38 girls and 34 boys, as well as 88 children whose sex has not yet been determined.

Compared to the previous day, according to the UN, three children were killed and eleven more were injured.

OHCHR indicates that in Donetsk and Luhansk regions, as of midnight on April 1, there were 358 (338) dead and 772 (743) injured in government-controlled territory, and 67 (66) dead and 246 (245) injured in territory controlled by self-proclaimed “republics”.

In other regions of Ukraine under government control (in Kyiv, as well as in Zhytomyr, Zaporizhia, Kiev, Sumy, Odessa, Nikolaev, Kharkiv, Kherson, Dnepropetrovsk, Cherkasy and Chernihiv regions), the UN recorded 851 (826) dead and 963 (947) injured .

The summary also states that, according to the Office of the Prosecutor General of Ukraine, as of 08:00 on April 1, 153 (148) children were killed and 245 (232) were injured.

The increase in indicators in this report compared to the figures in the previous report should not be attributed only to new cases that occurred on March 31, since OHCHR also verified a number of cases that occurred in previous days during the day, the document specifies.

UKRAINE EXTENDED FOR 90 DAYS AFTER WAR DEADLINE FOR CONFIRMING INTELLECTUAL PROPERTY RIGHTS

The terms related to the protection of intellectual property rights, as well as the procedures for acquiring these rights, are suspended for the duration of martial law, such a law “On the protection of interests in the field of intellectual property during martial law” (No. 7228) was adopted by the Verkhovna Rada on April 1, 321 votes with the required minimum of 226 votes.
“The opportunity has been offered for authorized persons to submit documents (applications, petitions, objections, responses, etc.), the provision of which is required by special laws in the field of intellectual property and other by-laws, within 90 days from the date of the lifting of martial law, without paying a fee for extension or renewal of the relevant deadlines,” the explanatory note to the document says.
The law itself states that proprietary intellectual property rights that expire during martial law remain in effect until the day following the day martial law is lifted.
“Stopping the flow of deadlines for taking actions related to the protection of intellectual property rights, as well as the deadlines for procedures for obtaining these rights, does not terminate the force of intellectual property rights,” the adopted document says.

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THE MINISTRY OF ECONOMY ESTIMATES THE FALL IN UKRAINE’S GDP IN THE FIRST QUARTER AT 16%, AND THE ANNUAL DECLINE MAY REACH 40%

The gross domestic product of Ukraine in the first quarter of 2022, due to the war started by Russia, fell by 16% compared to the same period last year, this is the estimate of the Ministry of Economy of the country.

“Russian aggression against Ukraine has radically changed our economy. Our forecast for a decline in GDP in the first quarter of 2022 is 16%, and the annual decline could reach 40%,” First Deputy Minister Denis Kudin is quoted in a press release from the department.

According to him, those industries where remote work is impossible, in particular, aviation, maritime transportation, and the service sector, where businesses work directly with consumers, have suffered the most.

At the same time, Kudin pointed out that over the past 10 days, the economy as a whole has begun to recover, business in safe regions is returning to work, and farmers have begun sowing.

The Ministry of Economy noted that in the process of restoring the Ukrainian economy, special attention will be paid to supporting industries that directly ensure the livelihoods of citizens and strengthen the state’s defense capability. “We are talking about agriculture, food production, retail trade, utilities and energy services, industries working on mobilization orders,” the ministry said.

As reported, the Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva predicted on March 22 that the decline in Ukraine’s GDP due to the war started by Russia could be a third of the pre-war level.

Prime Minister Denys Shmygal at the end of March gave a forecast of a 35% decline and “slightly higher.”

According to the State Statistics Service, in 2021, Ukraine’s GDP grew by 3.4% after a decline of 3.8% in 2020, its nominal volume amounted to about $200 billion.