Business news from Ukraine

Business news from Ukraine

85% OF UKRAINIAN BUSINESSES PARTIALLY OR COMPLETELY STOPPED WORK BECAUSE OF THE WAR – STUDY

Some 85% of 355 business representatives polled by Gradus Research with the support of the Kiev School of Economics (KSE) as part of their study partially or completely suspended the work of their companies due to the war.
“The war has made significant changes in the work of Ukrainian business: about 85% of the business stopped working in partial operation or even stopped work altogether, among which 1% stopped their activities and do not plan to resume, and 35% suspended it, waiting for better times,” the authors of the study said. release on the CSE website.
At the same time, sectoral transformation as one of the ways to save a business from closure turned out to be relevant for 37% of the enterprises that took part in the study – in 21% of cases, a business is in the process of sectoral transformation. At the same time, 16% of respondents have completely or partially transformed, and the same number can potentially join this process.
“The most popular business areas since the beginning of the war have been the retail trade in food and non-food products – in total, up to 24% of the businesses that took part in the study account for these two areas,” the release says.
According to Gradus, 86% of businesses are operating with less workload than before the war, but there are those whose workload has even increased.
“As the difficulties that arise in organizing the work of a business, half of the audience cites a lack of orders. Up to a third of respondents (29%) complain about problems with logistics,” the researchers said.
With regard to government assistance, 37% of respondents, according to the results of the study, are counting on tax holidays.
Other expectations include assistance with organizing logistics, access to cheaper finance, product promotion and keeping key employees from going abroad, military service.
The authors of the study note that the difficult times of business significantly affect the financial support of employees and suppliers – 3-5% of businesses pay relatively large payments, 14-19% make payments at the pre-war level. Other businesses have either reduced the share of payments or stopped altogether – 39% do not pay wages, and 29% do not pay suppliers.
The report clarifies that the survey was conducted by the method of self-completion of the questionnaire in a mobile application in cities with a population of more than 50 thousand people, the sample was 355 respondents.

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TURKEY READY TO BECOME GUARANTOR OF UKRAINE’S SECURITY – ZELENSKY

President of Ukraine Volodymyr Zelensky, following regular talks with Turkish President Recep Tayyip Erdogan, announced the readiness of the Turkish state to become a guarantor of Ukraine’s security.
“Held regular talks with a real friend of Ukraine, Turkish President Recep Tayyip Erdogan. He noted the high level of organization of negotiations between delegations in Istanbul. We agreed on further steps towards peace. Grateful to Turkey for its readiness to become a guarantor of the security of our state!” Zelensky tweeted.

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UKRAINE WILL COMPENSATE THE DAMAGE TO THE OWNERS OF SHIPS AND ROLLING STOCK

The Cabinet of Ministers adopted an order to ensure the safety of navigation in the waters of Ukrainian ports in the Danube region and rail transport.
The government adopted the corresponding document No. 255-r on March 30.
According to it, the Ministry of Infrastructure, together with the Ministry of Economy and the Ministry of Finance, must ensure the allocation of funds from the reserve fund of the state budget to compensate for the damage caused as a result of the armed aggression of the Russian Federation against Ukraine and military operations on the territory of Ukraine in the event that insurers refuse to provide insurance coverage to charterers, operators and / or owners of sea vessels and inland navigation vessels sailing under the flag of Ukraine and the flags of foreign states, if such vessels are located in the waters of Ukrainian ports in the Danube region.
In addition, compensation for damage is provided to owners and / or operators of rolling stock admitted to circulation by railways on the track of 1435 millimeters, if such rolling stock is located on the territory of Ukraine.

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ITALIAN GOVERNMENT PROVIDES ONE-YEAR RESIDENCY FOR UKRAINIAN REFUGEES

The Italian government has introduced for refugees from Ukraine a period of one-year year assistance program, according to the Daily News.
The corresponding decree was signed by Italian Prime Minister Mario Draghi on March 30.
“A mechanism for temporary assistance to refugees arriving from Ukraine is being established,” the document says.
Ukrainians will have access to the healthcare system, labor market and social benefits.
Italian visas are issued by the police in Italy.
Also, every visitor from Ukraine will be able to receive monthly assistance in the amount of EUR300. Assistance is paid for a maximum of 3 months. The corresponding declaration was signed by the head of Italian civil protection Fabrizio Curcio.

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NEW HOUSES IN UKRAINE TO BE DESIGNED ACCORDING TO NEW SAFETY STANDARDS

The experience of the war with Russia has confirmed that new residential buildings in cities should be designed with secure parking lots, as is done in Israel, Ukrainian Minister of Infrastructure Oleksandr Kubrakov said on his Facebook page, talking about his visit to Kharkiv.
In Kharkiv region, the head of the department held a series of meetings, the focus of which, according to him, was the restoration of sustainable logistics for business and the rebuilding of destroyed housing.
“We have a task from the President of Ukraine to build new infrastructure, restore cities and towns, so we are already working in this direction. I remember that more than a month ago I was in Kharkiv and promised Kharkiv residents and mayor of the city Ihor Terekhov to build a new interchange in the city. We will definitely do it,” Kubrakov said.
In Kharkiv, according to the minister, nearly 1,300 multi-storey residential buildings, 70 schools, 54 kindergartens, and 16 hospitals were destroyed. Other cities in the war zone suffered a similar scale of destruction.
“We will have the opportunity to rethink and restart the life of the affected cities. The experience of the war confirms that the design of new houses should already take place with a fortified underground parking (similar to how they do it in Israel), using energy-saving technologies. In particular, the projects ‘Great Construction’ and ‘Energy Independence’ are all about well-thought-out solutions for the development of a modern protected Ukraine,” Kubrakov said.
The Minister also said that the Ministry of Infrastructure collects data on all losses, and Russia will definitely pay for the restoration of our country.
The Minister discussed the restoration of social and transport infrastructure in Kharkiv region with head of the Kharkiv regional military administration Oleh Synehubov.
According to Kubrakov, they have already established systemic logistics for the supply of humanitarian aid in the region. Next in line is the restructuring of supply chains for business.
Rebuilding logistics chains, as the minister explained, is due to the blocking of seaports by the enemy. But solutions are being found in all regions, business continues to operate, and the state is developing all possible options for compensation and reducing the tax and bureaucratic burden on entrepreneurs.
The minister also drew attention to the fact that Kharkiv, even under enemy shelling, remains cleaner and tidier than most of the peaceful cities of Ukraine.

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NATO SECRETARY GENERAL SAYS RUSSIAN UNITS NOT WITHDRAWING, BUT REPOSITIONING

NATO Secretary General Jens Stoltenberg says that Russia is not withdrawing troops, as recently announced, but only moving them in an attempt to regroup and strengthen the offensive in Donbas region.
“We have heard the recent statements that Russia will scale down military operations around Kyiv and in northern Ukraine. But Russia has repeatedly lied about its intentions. So we can only judge Russia on its actions, not on its words. According to our intelligence, Russian units are not withdrawing, but repositioning. Russia is trying to regroup, resupply and reinforce its offensive in Donbas region,” he said a press conference in Brussels on Thursday.
Stoltenberg also said that at the same time, Russia continues to put pressure on Kyiv and other cities. “So we can expect additional offensive actions, bringing even more suffering, ” the Secretary General said.
In this regard, he again called on Russia “to end this senseless war.
Withdraw all its troops.
And engage in talks in good faith. ”

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