Over the last six months, 60% of Ukrainians have experienced a deterioration in their economic situation, 35% have not changed, only 5% have noted an improvement, according to the research carried out by the Sociological Group “Rating” on September 5-7.
At the same time, 23% of the respondents hope that in 2024 their personal economic situation will improve, 41% believe it will not change, 21% are pessimistic about this.
Ukrainians assessed the economic situation in the country as a whole even worse: 73% felt it had deteriorated, 13% said there had been no changes, and 9% said it had improved. Assessments of the current situation are better than in previous surveys, but negative assessments of the future are increasing: 29% expect improvement, 26% think nothing will change, 32% expect deterioration.
At the same time, 61% of respondents believe that things in Ukraine are moving in the right direction, 23% share the opposite opinion, and 16% were not able to assess. There is a decrease in the number of those who assess the direction of the country’s development as correct, but in all regions and among all age groups, the assessment of the direction as correct continues to prevail.
The best assessments of their own economic situation are observed among the residents of the West and Center of the country, younger respondents, those who are employed, and especially those who have found a new job. Almost the same trends are observed in assessing the future. The future of the Ukrainian economy is relatively better assessed by residents of the South.
44% of respondents who worked before the war are currently working at their usual jobs, 14% work part-time/remotely, and 15% have found a new job. A quarter of respondents who had a job are still unemployed, but their number is decreasing. Residents of the center and west of the country, men, young people, and middle-aged people have a relatively better job situation. Among IDPs, the number of those who have secured new jobs and are working as usual has increased over time, while the share of those who are unemployed has decreased from half to 40% compared to the beginning of 2023.
The number of respondents forced to leave their place of permanent residence remained almost unchanged at 18%. The largest number of IDPs came from the eastern macro-region – about 60% of them changed their place of residence, and the southern macro-region – 25% of whom were internally displaced.
The CATI (computer-assisted telephone interviews) survey included 1,000 respondents aged 18 and older in all government-controlled areas and districts with Ukrainian mobile phone coverage at the time of the survey. The results are weighted using the latest data from the State Statistics Service. The margin of error of the survey with a confidence level of 0.95 is no more than 3.1%.
Sukha Balka mine (Kryvyi Rih, Dnipro region), part of Aleksandr Yaroslavsky’s DCH Group, commissioned a new block of the Gnezdo deposit at Yubileynaya mine on 20 September this year.
According to information in the corporate newspaper DCH Steel on Thursday, the capacity of the new excavation is 73 thousand tons. The new block 34-36+10 of the third floor of the Gnezdo deposit is located at a horizon of minus 1420 meters.
It is specified that the new block will be developed in the traditional way using mining equipment.
Nikolay Puntus, Chief Engineer of Yubileynaya Mine, explained that the block is located in unstable rock. Such conditions required some kind of support to ensure the operational condition and prevent collapses and rock fall.
As reported earlier, the mine resumed sinking operations at Yubileynaya mine in April this year after it was suspended due to a lack of qualified personnel.
Sukha Balka is one of the leading mining companies in Ukraine. It produces iron ore by underground mining. The mine includes Yubileynaya and Frunze mines. Frunze mine. DCH Group acquired the mine from Evraz Group in May 2017.
Ukrgasvydobuvannya JSC has launched five more wells with a daily increase in production of 0.5 million cubic meters of natural gas, the company’s press service reports.
According to the press service, four of the five wells were drilled in “old” fields 45-55 years old. One more is a new field: gas from it first entered the Ukrainian gas transportation system this month.
“To achieve our production growth targets, we combine the use of modern technologies to discover new deposits at already depleted fields and increase investments in research and development of new areas,” said Oleg Tolmachev, Head of UGV.
This approach at one of the old fields has increased daily gas production by 35% over the past two years, and at another by almost 50%.
“The rest of the fields, thanks to the use of modern technologies, have received a new life – they demonstrate stabilization of indicators and the possibility of potential production growth,” the company said.
As reported, since the beginning of the year, UGV has commissioned 58 new gas wells with a total average daily production rate of 5.3 million cubic meters.
The company aims to increase natural gas production by 1 bcm in 2023 to 13.5 bcm. In 2022, UGV produced 12.5 bcm of natural gas (commercial), which is 3% less than in 2021.
NJSC Naftogaz of Ukraine owns 100% of Ukrgasvydobuvannya shares.
Financial-industrial group TAS plans to invest at least $30-40 million in the development of its own production and land bank in 2024, TAS Group founder Serhiy Tigipko said in an interview with Forbes-Ukraine on Wednesday.
“So far we are looking at what gives synergy. This is our own production, primarily in Ukraine. But we are watching the market, if any interesting enterprises will appear. We are definitely ready to invest in agriculture – in the land bank, first of all. This is a strategy for us,” he said.
Tigipko added that he is looking out for investments in processing, which the group has not yet engaged in. “Where exactly we will go, we do not know yet to the end,” – said the founder of the group “TAS”.
The businessman also said that among the plans for 2024 is to increase the production of apple concentrate.
“We want to increase the export volume of apple concentrate. We plan to invest in one of the two plants, and if everything succeeds, to double production,” Tigipko added.
At the same time, according to the founder of TAS Group, logistics currently “eats up” a large share of funds. He noted that his own logistics company mitigates the situation, but the issue of logistics remains complicated, so the group is studying the possibility of acquiring a European transportation company.
“We are considering buying a European transportation company. This will allow to link the supply chain for the client – both in Ukraine and the EU,” he said.
Financial and industrial group “TAS” was founded in 1998 by businessman Serhiy Tihipko. Its business interests include the financial sector (banking and insurance segments) and pharmacy sector, as well as industry, real estate and venture projects.
Internal and external debt of Ukraine in 2009-2023
Source: Open4Business.com.ua and experts.news
The Turkish developer Bosphorus Development continues to invest in its first project in Ukraine – the construction of the Maxima Residence residential complex in Kyiv (30 Konovaltsia Street), said Mehmet Vahit Sachaklioglu, founder and chairman of the supervisory board of Bosphorus Development, in an interview with Interfax-Ukraine.
“We started working on the Maxima Residence residential complex in Kyiv a few months before the outbreak of the full-scale war. This is our first development project in Ukraine. We are implementing it in partnership with the Ukrainian company RIEL. The Russian invasion slightly adjusted our plans, but did not stop the work,” said Sachaklioglu.
Maxima Residence is a business-class residential complex with 486 apartments, built in accordance with international standards and environmental regulations.
“Our architects have put a lot of effort into making it convenient for all residents: modern apartment layouts, well-thought-out common areas, recreation and sports areas, playgrounds, interesting landscape design solutions,” said Sachaklioglu, emphasizing that the Turkish company seeks to apply more than 50 years of experience gained in the implementation of more than 100 projects.
He also noted that the principles of inclusion have been followed – special paths and handrails for people with limited mobility have been integrated into the infrastructure of the complex.
The three-section residential complex, according to the class of real estate, has a stylish lobby, a children’s playroom for different age groups, a multipurpose lounge area with a terrace, a coworking space and a separate space for business meetings, as well as a fitness room for residents of the complex. A two-level underground parking is planned and the principle of “yard without cars” will be applied.
According to Sachaklioglu, sales began in June this year, and since then prices have increased by 10% (according to LUN, currently 52.7 thousand UAH/sq. m.). About 120 apartments are available for investors in the first and second sections. Sales in the third section are not yet open.
According to the schedule, the construction of the third and last section of the complex will be completed in the 4th quarter of 2025.
“Our company is investing in the construction of Maxima Residence as much as it takes to implement the project in a high-quality and timely manner. Ukraine is a country of favorable location, great opportunities, and a promising future. Yes, it is risky to start new projects now. However, we have resumed the construction of Maxima Residence, which employs hundreds of specialists, pays taxes to the budget, and supports the Ukrainian economy. This is necessary to show other foreign companies and investors that it is now profitable to invest in Ukraine and there is no need to be afraid,” said Sachaklioglu.
Bosphorus Development plans to implement residential and commercial projects in Ukraine.
“I can’t tell you the details, because the situation is changing every day, and it is difficult to predict future prospects. However, I would like to note that we already have a considerable land bank in Ukraine, which is still formed from plots located mainly in the central part of Kyiv. We are also considering the possibility of implementing projects in Europe and the United States in the near future. We are currently studying these markets,” he said.
Bosphorus Development is one of the top ten development companies in Turkey. Since 1970, it has implemented more than 100 projects with a total area of more than 5 million square meters. Its landmark projects include the Istanbul Tower 205 skyscraper, Country Life Residence, Arcadium Life Residence, Real Life Residence, Blue Lake Residence, Historia Mall and Aqua Florya Mall, Crowne Plaza Hotel Florya, and Koru Florya Residence & Mall, a themed aquarium.
In 2019, Mehmet Vahit Sachaklioglu, a representative of the family business, founded Bosphorus Development Joint Stock Company in Ukraine and headed its Supervisory Board.
