The Ukrainian government on Friday approved the draft state budget for 2025 with revenues (excluding official transfers and grants) of the general fund at UAH 2 trillion 7.4 billion and expenditures of the general fund at UAH 3 trillion 643.6 billion, the Finance Ministry said on its website.
“The forecast of state budget financing for 2025 provides for a reduction of the state budget deficit to 19.4% of GDP (in the current law on the state budget for 2024 – 20.6%), which corresponds to the indicators agreed with international partners,” the press release said.
According to it, with a projected deficit of UAH 1 trillion 640.6 billion, state borrowings of the general fund are planned in the amount of UAH 2 trillion 237.6 billion, including internal – UAH 579.2 billion and external – UAH 1 trillion 658.4 billion. “Not the entire volume of external borrowings has yet been confirmed by international partners – which requires further painstaking and perseverance,” the Finance Ministry pointed out.
The ministry specified that external financing is envisaged in the amount of $38.4 billion, privatization – UAH 3.2 billion, debt service of UAH 480.8 billion.
In the draft amendments to the state budget-2024 on the growth of general fund expenditures by UAH 434.6 billion, which the Verkhovna Rada adopted in early September, general fund revenues are envisaged in the amount of UAH 1 trillion 811.1 billion, expenditures – UAH 3 trillion 546.7 billion, deficit – UAH 1 trillion 846.1 billion, state borrowing – UAH 2 trillion 348.0 billion, including internal – UAH 742.0 billion, and total external financing – $41.3 billion.
Businessman Igor Pronin intends to purchase 170 million shares, or 100% of the shares, of Odesa Champagne Wine Factory PJSC, he reported in the NSSMC’s information disclosure system.
According to the report, as of September 13, 2024, Pronin and his affiliates were not among the company’s shareholders.
As reported, the right to privatize the integral property complex (IPC) of the Odesa Champagne Plant at an auction held by the State Property Fund (SPF) on the Prozorro.Sale platform on February 1, 2022, was won by Elitbud Group LLC (Odesa), owned by Askold Koval.
Odesa Champagne Plant’s fixed assets consist of 975 items of fixed assets, including 35 real estate objects, 803 items of machinery and equipment, seven vehicles, 65 items of tools, appliances, and inventory.
The company is located in Odesa on a land plot with a total area of 3.61 hectares.
The SPF clarified that the plant’s production facilities were used by the tenant, Odesa Champagne Wine Factory PJSC, for the production and bottling of champagne and sparkling wines. Since January 2018, production activities at the plant have been suspended.
According to the Opendatabot resource, in 2022-2023, the company did not conduct any production activities and did not have any income.
The authorized capital of the company is UAH 47.6 million.
Currently, the plant has eight employees, while in 2022 there were 14.
Pronin is listed among the authorized persons of Agrotekhpromnafta LLC, which specializes in the trade of fuel, pharmaceuticals, and sugar, and is also one of the founders and head of the All-Ukrainian Human Rights Association Berkut. Both companies are registered in Odesa.
On September 10, the Supervisory Board of Ukrainian Security and Insurance Company (UOSK, Kyiv) decided to terminate the powers of CEO Valeriy Gorkovets and appointed Viktor Reznichenko to this position, according to the information disclosure system of the National Securities and Stock Market Commission.
As reported, on February 2, 2024, the National Bank of Ukraine revoked all the insurer’s licenses to conduct insurance activities and excluded it from the State Register of Financial Institutions on the basis of its application.
As reported, UOSK’s shareholders at a meeting on November 17, 2023, decided to revoke the insurer’s insurance licenses and exclude information about the insurer from the State Register of Financial Institutions.
According to the NSSMC, as of the second quarter of 2023, the company’s shareholders were the security police departments of Zaporizhzhia, Kherson, Dnipro, Poltava, and Odesa regions, which owned from 5.669% to 6.227%, the security police department – 15.758%, and the security police department of Kyiv – 24.742%.
The Ukrainian Security and Insurance Company was registered in 1996 and specializes in risk insurance.
Number of unemployed in Ukraine and job opportunities, 2023-2024
Open4Business.com.ua
President of Ukraine Volodymyr Zelenskyy met with President of Estonia Alar Karis in Kyiv.
According to the press service of the President of Ukraine, Zelenskyy thanked Karis and his wife for participating in the First Ladies and Gentlemen Summit, which will take place in Kyiv today.
The President of Ukraine also noted Estonia’s decision to allocate 0.25% of GDP annually for the defense needs of our country. This is enshrined in the bilateral security agreement.
“We are grateful for your support in all spheres and a very important agreement on security cooperation between our countries. We are very pleased to have so many strategic partners,” the Head of State emphasized.
In addition, he thanked Estonia for its active participation in the restoration of Ukraine, in particular, for the projects already implemented in Zhytomyr region.
Particular attention was paid to Ukraine’s European integration. Zelenskyy noted Estonia’s significant expert support for Ukraine in the negotiation process.
“DTEK will build energy storage facilities in Ukraine with a total capacity of 200 MW, the company’s press service said on Thursday.
According to it, investments in the project will amount to EUR140 million, making the company the largest investor in this area in the country.
The batteries will be commissioned in a number of regions of the country no later than September 2025.
The press service reminded that on August 22, DTEK Group companies, together with other energy industry players, won a competitive auction held by NPC Ukrenergo for the provision of ancillary services.
“Despite the war and limited access to the external capital market, we continue to invest in Ukraine. This includes not only the restoration of the destroyed facilities but also the construction of new ones as part of our long-term development strategy. Our priority remains unchanged – it is the development of green energy in Ukraine, the accelerated integration of our energy system into Europe and the improvement of our country’s energy security,” said DTEK CEO Maxim Timchenko.
As reported, DTEK is also a participant in the construction of the first large-scale electricity storage project in Poland. The goal is to create a pan-European energy system designed to unite Ukraine and the EU.
DTEK was established in 2005 to manage the energy assets of Rinat Akhmetov’s System Capital Management (SCM, Donetsk). The corporation has been delegated the functions of strategic management of the group’s enterprises, which make up a vertically integrated chain of coal mining and enrichment, electricity generation and sales.
DTEK is committed to transforming into a more efficient, environmentally friendly and technologically advanced business, guided by ESG principles. The group plans to achieve carbon neutrality by 2040.
