Number of unemployed people registered in the public employment service as of 01.04.2023 (thush people)
Source: Open4Business.com.ua and experts.news
Canada has provided Ukraine with demining machines totaling 22.5 million Canadian dollars, the Canadian Embassy in Ukraine reported.
“Ukraine’s State Emergency Service received the first demining equipment from Canada as part of a $22.5 million Canadian aid,” a Facebook post said.
The equipment will be used to clear agricultural land to return it to productive use and help restore food security.
In January-March 2023, the Ukrainian industrial company Interpipe transferred almost UAH 623 million to the budgets of all levels and off-budget funds, which is 3% more than in the same period last year.
According to the company’s press release on Thursday, payments to the state budget in 1Q2023 amounted to about UAH 406 million (+24%), and to local budgets – UAH 107 million (-28%). Another UAH 110 million (-14%) was transferred as unified social tax.
Sergiy Kuzmenko, Interpipe’s Chief Financial Officer, noted that the company continues to hold Ukraine’s economic front during the war.
“The formula is quite simple: the higher the volume of production and export of finished goods, the higher the total amount of taxes paid. Stably operating Interpipe enterprises provide jobs for 10,000 people in the frontline region and fill the budgets of all levels,” Kuzmenko said, as quoted by the press service.
As reported, in 2022, Interpipe transferred UAH 2.816 billion to the budgets of all levels and off-budget funds. At the same time, payments to the state budget for the year amounted to about UAH 1.74 billion (-7% compared to 2021), and to local budgets – about UAH 623 million (+1%). Another UAH 454 million (-4%) was transferred as unified social tax.
At the same time, Interpipe’s Director of Economics and Finance noted that in 2022, each ton of pipe and railway products produced by the company brought more than UAH 5909 to the Ukrainian budget, which is more than half the previous year’s figure.
“Interpipe is a Ukrainian industrial company that manufactures seamless pipes and railway wheels. The company’s products are supplied to more than 80 countries through a network of sales offices located in key markets in the CIS, Middle East, North America and Europe. Railroad products are sold under the KLW brand.
Interpipe employs 10 thousand people.
The company has five industrial assets: “Interpipe Nizhnedniprovsky Pipe Rolling Plant (NTZ), Interpipe Novomoskovsk Pipe Rolling Plant (NMPP), Interpipe Niko Tube, Interpipe Vtormet and Dnipro Steel, an electric steelmaking complex under the Interpipe Steel brand.
The ultimate owner of Interpipe Limited is Ukrainian businessman Victor Pinchuk and his family members.
“DTEK Energy plans to launch three new longwalls in May in addition to the eight that have already been put into operation since the beginning of 2023, the energy holding said.
“DTEK Energy’s miners continue to work on supplying Ukrainian thermal power plants with coal. To this end, they have put eight new faces into operation since the beginning of the year. We plan to launch three more as early as May,” he pointed out in his Telegram channel on Wednesday.
According to the company, one of the faces has a stockpile of more than 1 million tons, which will come in handy in preparation for next winter.
“DTEK miners are making every effort to ensure that Ukraine’s generation is supplied with coal,” the energy holding said.
As reported, in 2022 coal miners of the company put into operation 28 new faces.
“In order to pass the heating season more reliably, DTEK Energy supported with fuel not only its own thermal power plants, but also found an opportunity to help state-owned ones. At the end of last year, more than 120 thousand tons of coal were shipped for their needs,” the energy holding said in March 2023.
Oil prices are rising on Thursday after falling by more than 4% in the previous session.
The price of July futures on Brent on London’s ICE Futures Exchange stood at $72.9 a barrel by 8:05 a.m. Thursday, up $0.57 (0.79%) from the previous session’s close. Those contracts fell $2.99 (4%) to $72.33 a barrel on Wednesday, the lowest since December 20, 2021.
The price of futures for June WTI crude oil on the electronic trading on the New York Mercantile Exchange (NYMEX) increased by that time by $0.34 (0.5%) – to $68.94 a barrel. At the end of the previous session, contracts fell $3.06 (4.3%) to $68.6 a barrel, the lowest since March 20.
The oil market has fallen sharply since the beginning of this week on signals of slow economic recovery in China, as well as increased fears of recession in the U.S. due to problems in the banking sector of the country.
“The correlation between tensions in the U.S. banking sector and falling oil prices cannot be denied,” said Price Futures Group chief analyst Phil Flynn, cited by Market Watch.
U.S. Department of Energy data published on Wednesday showed a decline of 1.28 million barrels of commercial oil inventories in the country for the week ended April 28. The decline marked the third week in a row.
Experts polled by S&P Global Commodity Insights expected on average a sharper reduction of 3.3 million barrels.
Stocks at Cushing terminal, which stores oil traded at Nymex, increased by 500,000 barrels, while stocks in the Strategic Petroleum Reserve (SPR) decreased by 2 million barrels.
According to the DOE report, gasoline inventories in the States rose by 1.74 million barrels last week, while distillates fell by 1.19 million barrels.
The issue of reforming the Constitutional Court of Ukraine (CC) will be one of the key issues in the conversation with the delegation of the European Commission for Democracy through Law (Venice Commission), which will soon arrive in Ukraine, the deputy prime minister for European and Euro-Atlantic integration Olha Stefanyshyn said in a commentary to the Interfax-Ukraine news agency.
According to her, representatives of the Venice Commission on the results of the visit will provide conclusions on the registered bill, which provides changes to the selection of candidates for the position of judge of the CC.
“There is an agreement with our international partners, who will nominate experts to the Commission, which will select judges of the Constitutional Court, that the Commission will act on the model of the Ethical Council, which formed compositions of other judicial bodies”, – noted Stefanishina, specifying that it means the priority in votes of international experts, when it comes to assessment of integrity.
According to her, today the only problematic issue is the assessment of candidates on professional qualities, where the Ukrainian parliament does not agree to give priority to international experts, because it is about the formation of the CC.
Stefanyshyna said that after all the issues are agreed, the Verkhovna Rada should pass a bill by 29 May.
