Since August 2023, the sea corridor created by the Ukrainian Navy has exported 55 million tons of cargo, of which more than half (37.4 million tons) were agricultural products, the Ministry of Communities, Territories and Infrastructure (MinRestore) reports.
“During the 10 months of operation of the Ukrainian Sea Corridor, a record amount of cargo was transported – 55 million tons of cargo – the cargo turnover of the ports of Greater Odesa,” the report says.
The Black Sea ports handled 1,954 thousand vessels.
Approaching the ports of Odesa, Chornomorsk and Pivdennyi are 68 vessels, exporting almost 2 million tons of cargo, the Ministry of Reconstruction said.
In early June of this year, it was reported that the sea corridor had exported 50 million tons of cargo since its launch, with 1737 vessels handled in the ports.
Google Translate has added the Crimean Tatar language to the list of available translations.
The Ministry of Foreign Affairs of Ukraine noted in the social network X: “Thank you @Google for this crucial initiative, which demonstrates that the rich linguistic and cultural heritage of Ukraine’s indigenous peoples is valuable to the international community.”
The number of registration actions in the field of state registration of rights to real estate in the first quarter of 2024 by 38%, and in the field of business – by 23%, said the head of the Office of counteraction to raiding of the Ministry of Justice Viktor Dubovik.
“Starting from 2020, I am of the opinion that the number of registration actions is one of the important indicators of economic activity in the state. Because the majority of registration actions are revenues to the budget in the form of administrative fees, the emergence of new rights and obligations of citizens and businesses, as well as the presence of demand for the services of notaries and state registrars,” his words are quoted on the website of the Ministry of Justice.
Dubovik specified that for the first three months of 2024 was made 2 million 605.73 thousand registration actions on the real estate and 263.48 thousand – on business, while for the same period in 2023 – respectively 1 million 887.60 thousand and 214.26 thousand.
At the same time, according to his data, the number of complaints received by the Office in the field of real estate increased even more significantly – up to 699 from 290 in the first quarter of last year, while in the business sector the situation, on the contrary, improved: the number of complaints decreased to 115 from 119.
Ukrainian Foreign Minister Dmytro Kuleba and Armenian Foreign Minister Ararat Mirzoyan discussed the security situation in Europe and the South Caucasus on the margins of the Dubrovnik Forum in Croatia.
“I thanked Armenia for participating in the first Peace Summit in Switzerland and informed my counterpart about further work on the implementation of the Peace Formula on the way to a just and sustainable peace in Ukraine,” Kuleba wrote on social network X.
The ministers also focused on ways to deepen bilateral ties and international cooperation, especially in light of Ukraine’s future membership in the EU.
Speaking at the Dubrovnik Forum on Saturday, Croatian Prime Minister Andrej Plenković assured of continued support for Ukraine and recalled the assistance already provided to Kyiv in various areas.
In his speech, Plenković pointed to the negative consequences for Europe and the world of the Covid-19 pandemic, “prolonged by Russian aggression against Ukraine, which has devalued the importance of international law and fundamental principles.”
“On behalf of the Croatian government, I would like to once again express my support for Ukraine, the Ukrainian people, the President, the entire government and thank Minister Kuleba for coming to Dubrovnik today,” the Croatian prime minister said.
He emphasized that there is unity in support of Ukraine among a huge number of countries. Thus, Plenković recalled the recent Global Peace Summit in Switzerland, where, as he noted, about a hundred international organizations and countries were represented, supporting the project of finding a peaceful solution to the consequences of Russian aggression against Ukraine, rather than a solution that would reward the aggressor and thus send a negative signal to other potential aggressors.
“Croatia is helping Ukraine in the political, diplomatic, technical, humanitarian, economic and military spheres, and we will continue to provide all forms of support. Especially given our specific interests in the investigation of war crimes, in humanitarian demining, which we have been facing for 30 years and which we will complete only in March 2026,” Plenković emphasized.
Experts Club analyzed the main macroeconomic indicators of Ukraine. In connection with the entry into force of the Law of Ukraine “On Protection of the Interests of Business Entities during Martial Law or a 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 after its termination. The exception is the publication of information on the consumer price index, separate information on statistical indicators for 2021 and for the period January-February 2022. The article analyzes open data from the State Statistics Service, the National Bank, and think tanks.
Maksim Urakin, PhD in Economics, founder of the Experts Club think tank, presented an analysis of macroeconomic trends in Ukraine and the world based on official data from the State Statistics Service of Ukraine, the NBU, the UN, the IMF, and the World Bank.
Macroeconomic indicators of Ukraine
According to the Center’s founder, Maksym Urakin, in the first quarter of 2024, Ukraine’s GDP grew by 4.1% to 5.3% compared to the same period last year.
“The main growth factors were an increase in agricultural exports and production activity in certain industries. However, the negative balance of foreign trade in goods in the first quarter amounted to almost $6 billion, which is 10% more than last year. This is due to an increase in energy imports after the strikes on the Ukrainian energy sector in March,” Urakin said.
According to the founder of Experts Club, Ukraine’s national debt has reached a new historical high of $151 billion, which is almost 6 trillion hryvnia in hryvnia equivalent. Inflation in Ukraine in the first quarter was 1% year-on-year, which is in line with the NBU’s target range.
Global economy
Maksim Urakin noted that analysts forecast that the global economy will grow by 2% in 2024, which is lower than expected at the end of last year. The main reasons for the slowdown are high interest rates in developed countries and global geopolitical uncertainty.
“The US economy grew by 1.6% in the first quarter of 2024, which is lower than the growth rates observed in previous quarters, but still at an acceptable level for the development of the country’s economy. China’s economy grew by 5% due to a partial recovery from the crisis and government injections into the technology cluster,” the expert summarized.
He also reminded that the European Commission expects the eurozone economy to grow modestly in 2024 by only 0.8%, i.e. even less than 1%.
“High inflation and weak domestic demand remain the main problems of the EU countries. However, the British economy showed a modest growth of 0.6%, which indicates a weak recovery from the pandemic and Brexit,” Urakin said.
The economic situation in the world remains tense and depends on many factors, including geopolitical risks and changes in the global economic and political landscape. The Experts Club will continue to monitor the situation and provide up-to-date and balanced news.
Head of the Economic Monitoring project, PhD in Economics Maksim Urakin
