Business news from Ukraine

Business news from Ukraine

Odessa mayor Trukhanov released from jail on bail

Odessa Mayor Gennadiy Trukhanov, who was taken into custody as part of the investigation into the case of Odessa’s Krayn plant, has been released from a pre-detention center. A bail of 13.4 million UAH was paid for him, the Specialized Anti-Corruption Prosecutor’s Office (SAP) told the Interfax-Ukraine news agency.
“The mayor of Odessa came out of the detention center on a bail of 13.420 million UAH, determined earlier by the court as an alternative to arrest,” – said in the SAP.
At the same time, the prosecutor’s office did not specify who exactly paid the amount of bail.
As reported, on May 4, the mayor of Odessa Gennady Trukhanov was taken into custody as part of the investigation of the case of the Odessa plant “Kraiyan”
“The case of Odessa “Krayan” – the mayor of Odessa was taken into custody. Details later,” the SAP reported in its Telegram channel on Thursday.
Later, the prosecutor’s office specified: “On May 4, 2023, the panel of judges of the VAKS granted the request of the SAP prosecutor to change the measure of restraint of one of the defendants in the case of Odessa “Krayan” – the city head of Odessa.”
According to the SAP, given that the accused did not pay 30.866 million UAH bail determined by the court, the prosecutor applied to the court to change the measure of restraint from bail to detention with an alternative to bail.
“VAKS, having heard the arguments of the parties, partially satisfied the petition and applied to the accused a measure of restraint in the form of detention for 60 days with the alternative of paying 13.420 million UAH as bail. In execution of the court decision, the accused was taken into custody in the courtroom,” – stated in the message.
In the SAP reminded that the Odessa mayor and others are accused of misappropriation of budget funds in the amount of more than 92 million UAH as a result of the implementation of the scheme for the acquisition of municipal property of the administrative building of the former plant “Krayn” at twice the inflated price.

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Dobrobut will hold free consultations for World Melanoma Day on May 11

Dobrobut medical network will hold free “Skin Check” and “Melanoma Week at Dobrobut” events for World Melanoma Day, which will include medical consultations with dermatoscopy.
According to the nurse’s press release, the May 11 campaign will include a joint event with the Inspiration Family Foundation and Peremoga, “Check Your Moles. Awareness, not shade, will save from skin cancer,” in which Dobrobut dermatologists will hold free medical consultations with dermatoscopy for everyone by pre-registration. If necessary, which is determined by the doctor, with the support of our partner medical laboratory “DILA” in the medical centers of “Dobrobut” are also available for free tests “excisional biopsy” or “panch-biopsy” for a month from the date of consultation.
Also, during the event, Maria Kukushkina, a leading dermatologist and oncologic surgeon at Dobrobut, will give a lecture on “The Truth and Myths about Melanoma and Skin Cancers.
In addition, from May 22 to 29, as part of the Melanoma Week event at Dobrobut, similar services will be available to everyone at any of the Dobrobut medical centers.
“According to the WHO, about 57 thousand deaths from melanoma are registered in the world every year. Every year around 2.4 thousand new cases are diagnosed in Ukraine – one third of them are discovered during mass check-ups. Melanoma incidence has been increasing rapidly over the last decades, and accounts for up to 10% of all newly detected skin tumors. “Unfortunately, in times of war, many do not have access to diagnosis or neglect screenings, so experts predict an increase in the number of cases detected in the later stages of the disease in the coming years,” Dobrobut emphasized.
“Dobrobut” is one of the largest private medical networks in Ukraine. The network includes 17 medical centers in Kyiv and Kyiv region, emergency service, dentistry and pharmacies. Network medical centers provide services to children and adults in more than 75 medical fields. Annually experts of “Dobrobut” carry out more than 7000 operations. The network has over 2800 employees.
The network collaborates with a number of international charitable organizations such as Direct Relief International, Children of War Foundation, International Medical Corps and University of Miami Global Institute. According to the company, thanks to the work of Direct Relief International and the Dobrobut Foundation, wounded war veterans and people stranded by war are able to receive free care at the Dobrobut Treatment and Diagnostic Center.
According to the company, Dobrobut has become the first private medical network in Ukraine to receive funding from the U.S. federal government: with support from the U.S. International Development Finance Corporation (DFC), the company will build a modern physical rehabilitation center.

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Ukrainian banks received UAH 34 bln in net profit in Q1

Solvent banks in Ukraine in January-March 2023 received UAH 34 billion in net profit against UAH 152 million loss in the same period of 2022, the National Bank of Ukraine said on Friday.
“The main factors of the sector’s profitability are the growth of income as a result of the gradual resumption of banking activities and relatively insignificant volumes of additional provisioning,” it pointed out on its website.
Only five banks out of 65 in the first quarter were unprofitable with an aggregate loss of UAH 40 million.
According to the NBU, in March, the net profit of banks rose to 12.58 billion UAH from 6.78 billion UAH in February.
It is pointed out that banks for the quarter increased operating income by 48% year-on-year, including net interest income rose by 41% year-on-year, despite a significant increase in interest expenses as a result of higher interest rates on deposits.
Net fee and commission income for the period, according to the NBU, increased by 20% compared to the result of the first quarter of 2022.
In March compared to February, net interest income increased by 40.4% to 38.16 billion UAH, net commission income – by 14.7%, to 23.7 billion UAH, while interest expenses increased only by 17.4% – to 7.93 billion UAH, and commission expenses even decreased by 15.8% – to 3.02 billion UAH.
“Banking volumes are resuming with the gradual resumption of economic activity, including after the shelling of energy infrastructure in late last year – early this year,” the regulator stated.
It added that the banks’ profitability is also boosted by the positive result of currency buying and selling operations, which was 2.3 times higher year-on-year in the first quarter.
Net operating profit before deductions to reserves doubled in 1Q 2023 year-on-year – to UAH 45.9 billion, while the rate of deductions to reserves against losses from asset transactions fell compared with 1Q of the previous year in 5.6 times, in particular in reserves against loans – 10 times.
During the quarter the deductions increased only by UAH 3.81 billion, including UAH 1.29 billion in March, and in total since the beginning of a full-scale invasion of Ukraine by Russia, banks formed reserves for credit losses of UAH 108 billion.
The National Bank states that the return on equity sector on April 1, 2023 amounted to 58% against -0.25% a year ago.
The profit tax accrued for the quarter – UAH 6.72 billion – exceeded the corresponding annual figure for the historically most profitable year 2021, the regulator said.

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On May 12, second tasting competition “Best Odesa Black” will be held in Odesa

On May 12, 2023, within the framework of the VINNYTSIA WINE DAYS program

A special tasting competition “Best Odesa Black 2023” dedicated to the popularization of the local grape variety “Odesa Black”.

The 2023 competition is a continuation of the Best Riedel glass for Odesa Black variety project, which helped to determine the optimal glass for the local wine Odesa Black using the RIEDEL methodology of sensory analysis and the author’s methodology. This glass will be used at the competition in 2023.

More than 40 producers in Ukraine produce wine from the Odesa Black grape variety, and we invite everyone to take part in this unique project.

The Best Odesa Black tasting competition is aimed at promoting the “Ukrainian wine” brand, shaping the image of Odesa Black wine as a business card of Ukrainian winemaking in the world – similar to Saperavi (Georgia), Fetiască (Moldova), Malbec (Argentina), Carmenere (Chile), Shiraz (Australia), etc.

The expert committee consists of winemakers, sommeliers, representatives of HoReCa, retail and other specialists.

The competition is held in accordance with the Rules of International Competitions developed by O.I.V. in the conditions of the educational and scientific laboratory of sensory analysis of ONTU.

Competitive selection of wines, tasting. Determination of the best wine Odesa Black.

AWARDS OF THE COMPETITION. The winners of the competition are the participants who received the highest score in the Grand Prix, gold and silver medal categories. The awarding ceremony for the winner and participants of The Best Odesa Black 2023 project (with the invitation of the press and the public) will be held on May 27 as part of Vinnytsia Wine Days.

With the support of UKRSADVINPROM
General information partner of the media group “Drinks +”

VENUE: Educational and Scientific Laboratory of Sensory Analysis of ONTU Ukraine, Odesa, 112 Kanatna St., room B-302

TIME OF THE EVENT: 11.00-14.00

CONTACTS: NNLSA: Natalia Kameneva tel.: +38(067)-922-11-71 E-mail: lsa.onaft@gmail.com

Interfax-Ukraine, open4business is a media partner

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Labor market of Ukraine continues to develop – study

The labor market continues to develop according to an optimistic scenario: in April, as in previous months, the number of published vacancies increased and reached almost 82,500, which is 9% more than in March, according to the April labor market research from Work.ua.
“For the first time after the full-scale invasion, Kharkiv region broke into the top five in terms of the number of proposals and ranked fifth, overtaking Ivano-Frankivsk region. In turn, Dnipropetrovsk region overtook Lviv and ranked second,” the company said.
According to its data, now the labor market is almost at the level of April 2021, while in April 2022 there were only 16,050 vacancies.
The largest increase in vacancies in April was demonstrated mainly by the frontline regions: Kharkiv (up 26%, 2,795 vacancies), Sumy (up 17%, 735 vacancies), Chernihiv (up 16%, 883 vacancies), Kherson (up 14%, 136 vacancies), Zaporizhia (up 14%, 1,415 vacancies) and Kyiv region (up 13%, 25,717 vacancies).
As for the areas, the largest increase in vacancies compared to March was recorded in the areas of security and safety – 21%, hotel and restaurant business and tourism – 20%, services – 16%, construction and architecture – 15%.
The largest increase in employers’ demand occurred for the vacancies of a cleaner – 911 vacancies (up 33%), a security guard – 1,088 vacancies (up 32%), a bartender/barista – 1,768 vacancies (up 30%), a waiter – 1,382 vacancies (up 26%) and a picker – 1,549 vacancies (up 25%).
In April, applicants created and updated 18% fewer resumes than in March. In distribution by gender: 55% of candidates are women, 45% are men.
According to the resource, competition for jobs has continued to decline since March 2022 (69 responses per vacancy) and is now at the minimum – approximately 12 responses per vacancy in April against 15 in March 2023.

Largest Ukrainian mobile operator Kyivstar increases EBITDA and revenue in Q1

The largest Ukrainian mobile operator Kyivstar in the first quarter of 2023 increased its hryvnia revenue by 6% (in dollars it decreased by 17.2%) compared to the same period in 2022, to UAH 8.346 billion, according to a report by the parent company VEON.
According to it, during the reporting period, Kyivstar increased its EBITDA by 1% in hryvnia (in dollars, the figure decreased by 21.2%) compared to the same period last year – up to UAH 4.921 billion, and its EBITDA margin decreased by 2.9 percentage points (p.p.) – to 59%.
The company clarified that revenues from mobile services increased by 6.7%, to UAH 7.830 billion.
In addition, the operator noted that in the first quarter of 2023, the consumption of minutes per subscriber (MoU) decreased by 11.7%, to 551 from 624 in the same period last year. At the same time, the use of mobile Internet over the same period increased by 23.4% – up to 9.5 gigabytes per subscriber, while the average revenue per user (ARPU) increased by 13.3% – up to UAH 106.
The subscriber base in the first quarter of 2023 amounted to 24.3 million, 6.7% less than a year earlier, at the same time, the number of 4G users increased by 4.2%, or 600,000, to 13.3 million in a year, and now 4G penetration in the subscriber base is 54.6%.
As for the Kyivstar fixed network, its revenues decreased by 4.2%, to UAH 463 million, and the number of users by 7%, to 1.1 million.
At the same time, the company noted a 27.7% increase, to 1 million, in the number of users of Kyivstar TV’s streaming business and the recent launch of the Children’s Profile in it.
According to the report, Kyivstar’s capital expenditures increased by 18.4% over the reporting period, to UAH 780 million.
According to the company, Kyivstar’s capital expenditures were aimed at maintaining the main networks in the country, as well as the sustainability of the business. The Kyivstar team was able to keep almost 90% of the radio network as of the end of March 2023.
During the quarter, 81 settlements were connected to the 4G network, 215 new base stations were added and another 460 were converted to 4G.
In the first quarter of this year, VEON did not record significant impairment losses related to operations in Ukraine and no impairment losses related to operations in Russia.

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