Business news from Ukraine

Number of unemployed people registered in public employment service as of 31.01.2024 (in thousands)

Number of unemployed people registered in public employment service as of 31.01.2024 (in thousands)

Source: Open4Business.com.ua and experts.news

G7 ambassadors monitor selection of new HQCJ leadership

The new leadership of the High Qualifications Commission of Judges (HQCJ) should be virtuous and independent, the Italian Presidency of the G7 Ambassadors Support Group in Kiev said in a statement published on social network X on Thursday.

“The G7 Ambassadors are closely following the news of the High Qualifications Commission of Judges and call for a transparent selection process for the new leadership, which should be virtuous and independent. Advancing reforms and filling the courts with vetted judges is critical to public confidence in the judiciary and private sector investment,” the statement reads.

According to Interfax-Ukraine, on March 27, the HQCJ granted the application of the commission’s chairman, Roman Ihnatov, to dismiss him from the position of a member of the commission at his own request. He had been heading the commission since June 6, 2023.

In Moldova, sunflower oil producer has shut down 2 plants and demands to resume imports of Ukrainian sunflower seeds

Moldovan Agriculture and Food Minister Vladimir Bola will meet on Monday with sunflower seed producers and processors due to the difficult situation in his country with sunflower oil production. According to the Moldovan news agency Infotag, the decision to discuss the problem was made after Floarea Soarelui, the largest oil producer, shut down two plants. The producers said they had no raw materials, as farmers refused to sell their seeds at the current market price, and sunflower imports are strictly licensed.

“Today, Moldova’s sunflower seed stocks are about 350 thsd tonnes, so any statements about lack of stocks are speculation. At the same time, the pricing policy should be objective, fair and responsible towards the end consumer,” Bola wrote on Facebook.

He emphasized that “by abandoning political statements and relying solely on the economic component,” the Ministry of Agriculture of Moldova will provide a platform for dialogue between seed producers and processors.

“Each party will provide real figures so that we can make decisions and find viable solutions for the new sunflower harvest,” Bola said.

As reported, Moldova has extended the licensing of sunflower seed imports from Ukraine for three months.

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Revenues of Ukrainian telecom operators from international roaming increased to UAH 4 bln in 2023

The volume of revenues of telecom operators from international roaming services in Ukraine in 2023 increased 1.3 times compared to 2022 – up to UAH 3.96 billion and 3.3 times more than in 2021, follows from the report of the National Commission carrying out state regulation in the spheres of electronic communications, radio frequency spectrum and provision of postal services (NKEC) on Thursday.

“The above is due to the forced migration of the Ukrainian population to other countries of the world, primarily to the EU member states, due to the full-scale invasion of Ukraine by the Russian Federation,” the report said.

Revenues from mobile services in 2023 increased by 9% to UAH 61.7 billion. Of this amount, UAH 41 billion (66.4% of the total_ came from data transmission. Including Internet access – UAH 7.4 billion (12%) were voice telephony services, UAH 1.1 billion (1.8%) were number portability services.

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“Ukrnafta” starts drilling new well in west of country

PJSC Ukrnafta has started drilling a new exploration oil well at a field located in western Ukraine.

“This will be an exploration well with a design depth of 1211 meters. The expected initial flow rate is 22.6 tons of oil per day. The productive horizon is the Stryian deposits,” the company said in a press release on Thursday.

The well is being constructed by a contractor, Navigator Komplekt LLC, which was selected through the Prozorro online procurement platform.

“It is worth noting that the contractor will drill three wells sequentially from one site,” the company said.

As reported, in 2023 Ukrnafta increased oil and condensate production by 3% (by 39.9 thousand tons) compared to 2022 – up to 1 million 409.9 thousand tons, gas production by 5.8% (by 60.4 million cubic meters), up to 1 billion 97.4 million cubic meters.

The company’s strategic goal is to double oil and natural gas production to 3 million tons and 2 billion cubic meters by 2027, respectively.

Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share. On November 5, 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state a share of corporate rights of the company owned by private owners, which is now managed by the Ministry of Defense.

Strong winds expected in Kyiv region tomorrow, first level of danger

The Ukrainian Weather Center warns of dangerous meteorological phenomena in Kyiv region on Friday, March 29: wind gusts will reach 15-20 m/s during the day, the first level of danger.

“A warning about dangerous meteorological phenomena in Kyiv region. Cloudy with clearings. Light, moderate rain at night and during the day. Southwest wind with a shift to northwest, 7-12 m/s, gusts of 15-20 m/s during the day,” the Ukrainian Weather Center said in a statement on its Telegram channel on Thursday.

The temperature in the region will be 4-9° Celsius at night, 11-16° Celsius during the day; in Kyiv, 6-8° Celsius at night, 12-14° Celsius during the day.

“On March 29, in the afternoon, wind gusts of 15-20 m/s, danger level I, yellow,” the Ukrhydrometeorological center said in a statement.

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