The capital’s labor market is showing signs of recovery despite the ongoing hostilities. The Kyiv City Employment Service has released data on the most sought-after vacancies in the capital.
As of mid-June, the database of the Kyiv City Employment Center contained 3,000 offers from employers.
The labor market analysis revealed that workers in a wide range of industries, including industry, utilities, transportation and logistics, economics, medicine and education, are in the highest demand. This reflects the urgent need for personnel in key sectors of the Kyiv economy.
So who are the capital’s employers looking for:
1. Installers of electronic equipment (267 vacancies)
2. Accountants (261 vacancies)
3. Cooks (200 vacancies)
4. Drivers of motor vehicles (196 vacancies)
5. Sellers of food products (189 vacancies)
6. Nurses (143 vacancies)
7. Administrators (125 vacancies)
8. Teachers (113 vacancies)
9. Teaching assistants (110 vacancies)
10. Security guards (94 vacancies)
“Our data shows a gradual recovery of the labor market in Kyiv. We see an increase in demand for specialists in various fields, from IT to medicine. Our service is ready to support both job seekers and employers by offering a number of active programs and an individual approach to each client,” said Dmytro Novytskyi, Director of the Kyiv City Employment Center.
About the Kyiv Employment Service:
The Kyiv Employment Service provides comprehensive employment services, including vocational training, counseling and job search support. The service also offers compensation programs for employers.
This week, the National Bank of Ukraine (NBU) reduced its net sales of dollars on the interbank market to $670.41 million from $722.57 million the previous week, according to the regulator. According to the data, the central bank bought $0.49 million, while selling $670.90 million.
The official hryvnia exchange rate rose by 0.2%, or 10 kopecks, over the week, in particular, on Friday it strengthened by 8 kopecks to 40.4542 UAH/$1. On the cash market, the dollar also fell by 5 kopecks to 40.82 UAH/$1.
Since the beginning of 2024, the official hryvnia exchange rate has fallen by 6.5%, or UAH 2.45, and since the National Bank switched to a managed flexibility regime on October 3, 2023, it has fallen by 10.6%, or UAH 3.89.
According to the data published by the NBU during this period, from Monday to Wednesday, the negative balance between the volume of foreign currency purchases and sales by the population widened from $42.78 million to $45.66 million.
Overall, in June, the NBU’s net interventions amounted to $2.99 billion, compared to $3.07 billion in May and $2.28 billion in April. According to preliminary estimates of the National Bank, Ukraine’s international reserves decreased by 7.9%, or $3.4 billion, to $39 billion 033.8 million last month.
At the same time, the official hryvnia exchange rate weakened by 90 kopecks in May, from 39.6370 UAH/$1 to 40.5373 UAH/$1, gradually updating its historical lows every day in the last ten days of the month and approaching the average annual exchange rate of 40.7 UAH/$1 set in the state budget for 2024. In the cash market, the hryvnia also weakened by UAH 1.24 over the month to UAH 41.05/$1. The National Bank explained this weakening by the government’s increased spending after receiving external financing in March-April, as well as the impact of the largest package of currency restrictions for businesses since the start of the full-scale war announced on May 3.
Ukrainian President Volodymyr Zelenskyy, before the IMF Board of Directors made a positive decision on the allocation of $2.2 billion to Ukraine for the fifth tranche under the EFF extended financing program, signed the law on resetting the Bureau of Economic Security (#3840-IX), the adoption of which was one of the structural beacons of the program.
Information about the signing of the document by the head of state is posted on the website of the Verkhovna Rada.
“An important step forward was the adoption last week of the law on reforming the Bureau of Economic Security of Ukraine. It is necessary to quickly and decisively implement this law”, – said the head of the mission of the International monetary Fund (IMF) in Ukraine Gavin Gray at a press conference on Friday evening after the allocation of the tranche to Ukraine.
As reported, the Verkhovna Rada on June 20 by 239 votes with the required minimum of 226 votes adopted the law on the reset of the BEB. “The text is agreed with partners. With independent selection of the new head of the BEB, recertification and personnel selection. With the participation of foreign experts and Ukrainian business. It could have been better, but already well done,” – commented on the adoption of the first Deputy head of the relevant Committee of the Rada Yaroslav Zheleznyak.
According to him, according to the document, the new head of the BEB is selected by a commission of six members, half of whom are international experts with the right to a casting vote. Re-certification is carried out by a commission of six people each from the newly elected BEB director and from international partners, but at the suggestion of the Ukrainian business community. In addition, a Personnel Commission created according to the same scheme will work for the next three years.
“Guaranteed independence of the BEB director at the level of NABU/SAP/NAPK. And many more important changes about the independence of the institution. It is always possible more and better, but in general very ok”, – summarized Zheleznyak.
BEB reboot, IMF, LAW, ZELENSKY
The weather in Ukraine on Sunday, June 30, will be without precipitation, reports Ukrhydrometcenter.
Wind of variable directions, 3-8 m/s.
The temperature will be 16-21° at night, 29-34° during the day, in southern and central regions in some places 32-36°; in the highlands of the Carpathians at night 10-15°, 22-27° during the day.
In Kiev on June 30, no precipitation. Wind of variable directions, 3-8 m/s.
The temperature is about 20° at night and 30-32° during the day.
According to the Central Geophysical Observatory named after Boris Sreznevsky in Kiev. Boris Sreznevsky in Kiev on June 30, the highest daytime temperature was 34.1° in 1898, the lowest nighttime temperature was 7.6° in 1894.
On the first day of July in Ukraine in the western regions, rain with thunderstorms, hail and squalls 15-20 m/s, temperatures at night 15-20°, daytime 27-32°.
In the rest of the territory hot weather without precipitation, the temperature at night 17-22 °, during the day 30-34 °, in the southern part, Kirovograd, Dnipropetrovsk and Donetsk regions in some places strong heat 35-37 °.
Wind of variable directions, 3-8 m/s.
In Kiev on July 1, hot weather without precipitation. Wind of variable directions, 3-8 m/s.
The temperature is 20-22° at night and 32-34° during the day.
The International Monetary Fund (IMF) has worsened its forecast for real gross domestic product (GDP) growth for this year from 3-4% to 2.5-3.5% at the end of the fourth review of the EFF extended financing program, while improving its year-end inflation forecast from 8.5% to 8%.
“We are now seeing clear signs of a slowdown in growth due to deteriorating sentiment as military action develops and also due to power outages,” Gavin Gray, head of the International Monetary Fund (IMF) mission to Ukraine, said at a press conference on Friday evening after Ukraine’s tranche was disbursed.
Risks remain exceptionally high, he said, especially due to uncertainties related to the war and external financing.
According to a publication on the Fund’s website, for next year, expectations for Ukrainian economic growth have been worsened to 5.5% from 6.5%, while maintaining the inflation estimate of 7%.
The IMF also lowered its forecast of Ukraine’s nominal GDP for this year to UAH 7.49 trillion from UAH 7.75 trillion in its March review, and for next year to UAH 8.74 trillion from UAH 8.87 trillion.
In terms of GDP composition, the IMF slightly worsened expectations for net exports, while expecting a larger contribution from domestic demand, private consumption and investment compared to the March revision.
The Fund improved the inflation forecast for the end of this year to 8% from 8.5%, maintaining its expectations for its slowdown to 7%, 5.5% and 5% in 2025-2027, but lowered expectations for real income growth this year and next year: by 1.2 p.p. to 8.6% and by 1 p.p., respectively. – to 8.6% and by 1 p.p. to 6.8%. – to 6.8%.
Also, the fourth revision slightly worsened the unemployment estimate: to 14.8% from 14.5% this year and to 14.3% instead of 13.8% next year.
As for the budget, the IMF has increased the estimate of its deficit (excluding grants) – to 20.9% of GDP from 20.2% of GDP for this year, to 10.4% of GDP from 10.3% of GDP for 2025.
According to the document, expectations for external financing have been improved to 12.1% of GDP from 11.8% of GDP and domestic financing to 2.1% of GDP from 2% of GDP, which should be provided by banks, while the estimate of external financing for next year remained at 6.5% of GDP, domestic – 0.9% of GDP with a reduction in the participation of banks to 0.5% of GDP.
As reported, last year the Ukrainian economy, according to the State Statistics Committee, grew by 5.3% after falling by 28.8% a year earlier, and in the first quarter of this year growth amounted to 6.5%.
On April 25 this year, the NBU worsened the country’s GDP growth forecast for this year from 3.6% to 3%.
The government, when approving the draft state budget for the second reading in early November 2023, projected economic growth this year at 4.6%, but the Finance Ministry recently said it had been worsened to 3.5%, and First Deputy Prime Minister Yulia Sviridenko said in mid-June in Berlin that the forecast had been worsened to less than 4%.
Last week, a Boeing 737-800 from the fleet of Supernova Airlines of the NOVA group of companies (Nova Poshta) made a maintenance flight from Guangzhou (China) to Vilnius (Lithuania) with a technical stop at Tashkent airport.
This was reported by Vyacheslav Klimov, co-founder of Nova Poshta, on the sidelines of an entrepreneurs’ forum organized by Forbes Ukraine in Kyiv on Thursday.
“The airplane made a maintenance flight. It did not carry cargo and this flight should not be considered as a full-fledged start of commercial activity of SuperNova Airlines,” Klimov said.
He emphasized that the airline is preparing to launch commercial cargo flights, but preparation is a complex process that takes time. Klimov did not specify when this would happen, but he did not rule out that it would be by the end of the year.
Earlier it was reported that Supernova Airlines opened the first route from Riga to Rzeszow in cooperation with the Latvian airline RAF-Avia using its ATR 72 aircraft.
The company clarified that the use of air transportation saves up to 36 hours on the delivery of parcels from (or to) Riga compared to trucks. It was also reported that Supernova Airlines plans to form a fleet in the future with cargo versions of modern aircraft manufactured by Boeing or Airbus.
As reported, on January 6, 2023, Supernova Airlines received a Ukrainian operator’s certificate, which allows it to start cargo flights.
