Business news from Ukraine

On November 19, 8th International Forum of Winemakers and Sommeliers will be held at InterContinental Hotel

On November 19, 2023, in Kyiv, from 10:00 a.m. to 10:00 p.m., at the InterContinental Hotel (Velika Zhytomyrska St., 2A), the 8th International Forum of Winemakers and Sommeliers will be held, as part of which will be held:

– Jubilee XX All-Ukrainian Sommelier Competition “Master Sommelier – 2022-2023”,

– VII All-Ukrainian Cavist Competition “Best Cavist of Ukraine – 2022-2023”,

– “Round table” of winemakers and sommeliers as part of the “Evening of winemakers”,

– Open tastings and presentations of wines, spirits, cheeses and other products for all event guests.


– All-Ukrainian Association of Winemakers and Sommeliers,

– Association of winemakers of Ukraine,

– The first sommelier school “Master Class” in Ukraine.

General Partner – TM “Vinos dela Luz”

General Information Partner – Information Agency “Interfax Ukraine”.

Partners: TM “Big Wines”, “SV plus”, “Poli1898”, “Delamain”, “AELRED”, “Eyguebelle”, “ACHA”, “Purity”, “Zinka”, “”, “Sigarny Dim” “Fortuna”, APSVT, Hotel “InterContinental”.

Media Partners – “Club of Experts“, “OPEN for BUSINESS“, magazine “Kyiv Diplomatic”,

The guests of these events will be the heads of companies importing alcoholic beverages, heads of the restaurant segment, sommeliers, winemakers, heads of wine companies and wine boutiques, representatives of business structures, mass media and TV, connoisseurs and wine lovers.


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Yevhen Koshevoy to hold charity auction at Winemaker’s Day festival at River Mall

A charity auction will be held as part of the first all-Ukrainian festival “Winemaker’s Day”. Among the lots you will find exquisite varieties that impress with their quality and unique taste. The highlight of the auction will be the best collection wines of Crimea.

All proceeds from the auction will be donated to the mobile hospital and other charitable projects. Thus, you will have the opportunity not only to enjoy high quality wines, but also to contribute to a noble cause.

The event will be hosted by actor and TV presenter Yevgeny Koshevoy, who guarantees a unique holiday atmosphere.

The festival will take place on November 11-12 at the address: Kyiv, Dniprovska embankment, 12, RIVER MALL, food court area on the 3rd floor. The beginning is at 14:00. The ticket you purchased is valid for two days – both on Saturday and Sunday!

We support the Ukrainian manufacturer!

Event organizers: Public Union “UKRSADVINPROM”, Club of Experts, All-Ukrainian Association of Winemakers and Sommeliers.

The event is supported by the Ministry of Agrarian Policy and Food of Ukraine and the Charitable Foundation “HELP FOR UKRAINE”.

Cheese partner – TM Zinka, bread partner – TM Tsar Khlib.

You can buy tickets on the website

At the Winemaker’s Day festival, you have a great opportunity to taste and buy unique Ukrainian wines and discover exquisite flavors of wine from different parts of Ukraine.

The following Ukrainian wineries will take part in the festival:

– Zelenytsy winery “Zelenytsy Family Winery”;
– Gigineishvili Wine House;
– Slyvyno Winery, a private enterprise;
– Dnipro hills (Stoic Ukrainian winery);
– Tiras Vaineri LLC;
– 46 Parallel;
– Uman Winery of Igor Maksymenko;
– Father’s wine VB;
– Villa Tinta;
– Institute of Horticulture of the National Academy of Agrarian Sciences of Ukraine;
– Kulinichenko winery;
– Wines of the Silver Land;
– National Research Center “Tairov Institute of Viticulture and Winemaking” of the National Academy of Agrarian Sciences of Ukraine.

The festival will be held on November 11-12 at the address: Kyiv, Dniprovska embankment, 12, RIVER MALL, food court area on the 3rd floor. The beginning is at 14:00. Your purchased ticket is valid for two days – both on Saturday and Sunday!

Open4business is a media partner

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Industrial production in Ukraine decreased by 2.9% in first half of 2023

Industrial production in Ukraine in the first half of 2023 decreased by 2.9%, while last year during this period the decline amounted to 31.9%, the State Statistics Service (Gosstat) has reported.

The agency specified that since March this year has been recorded growth in industrial production: after a jump of 51.2% in March, the recovery slowed to 18.2% in April, 17.9% in May and 13.7% in June.

At the same time, a 40% and 34.4% drop to pre-war January and February 2022, respectively, caused a generally negative result for the half-year.

State Statistics Service specifies that the data are given without taking into account the temporarily occupied territory of Crimea and Sevastopol, as well as part of the temporarily occupied territories in Donetsk and Luhansk regions.

By sector, the statistical office recorded the largest decline – 11.4% – in the supply of electricity, gas and steam in January-June this year, while in the extractive industry it amounted to 9.2%.

Metal ore mining fell the most – by 28.7%, while oil and gas – by only 2.7%, and in coal mining even recorded a slight increase of 0.8%.

In general, the production in the processing industry increased by 3.1% in the first half of the year.

This indicator was provided by the production of motor vehicles – 29.9%, machine building – 12.9%, food industry — 12.1%, production of furniture, repair and installation of machinery – 11.6%, production of rubber and plastic products – 6.5% and woodworking industry – 4%.

The biggest decline in the processing industry was shown by the production of coke and refined petroleum products – 51.4% and metallurgy – 20.9%.

In nominal terms, Ukraine in January-June 2023 realized industrial products (goods, services) worth 1549.66 billion UAH, which is 6.5% more than in January-June 2022 (1455.125 billion UAH), including outside the country – in the amount of 282.363 billion UAH.

According to its data, in June-2023 compared to June-2022, the turnover of realized mining and processing industry increased by 35%.

In the total sales of industrial products for the first six months of 2023, the largest specific weight came from the processing industry (56.2%), supply of electricity, gas, steam and conditioned air (31.3%), mining and quarrying (11.4%), and another 1.1% was water supply, sewerage and waste.

As reported, industrial production in Ukraine in 2022 fell by 36.9%, while in 2021 there was an increase of 1.9%.
Earlier, the research project Experts Club and Maxim Urakin released an analytical video about the economy of Ukraine and the world – the experts club and Maxim Urakin.

You can subscribe to the Experts Club YouTube channel at the link –

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Key macroeconomic indicators of Ukraine in May-June 2023 from Club of Experts

The article summarizes and analyzes the main macroeconomic indicators of Ukraine. In connection with the entry into force of the Law of Ukraine “On Protection of the Interests of Business Entities during Martial Law or a State of War”, the State Statistics Service of Ukraine suspends the publication of statistical information for the period of martial law, as well as for three months after its termination. The exception is the publication of information on the consumer price index, separate information on statistical indicators for 2021 and for the period January-February 2022. The article analyzes open data from the State Statistics Service, the National Bank, and think tanks.
In the first quarter of 2023, Ukraine’s real GDP fell by 10.5% compared to the first quarter of 2022, after falling by 31.4% in the fourth quarter, 30.6% in the third quarter, 36.9% in the second quarter, and 14.9% in the first quarter of last year.
Overall, analysts expect modest GDP growth in Ukraine in 2023. Thus, the World Bank slightly downgraded its forecast for Ukraine’s gross domestic product growth in 2023 to 2% from 3.3%, which it predicted in January 2023. Raiffeisen Bank maintained its forecast of 1.8% growth in Ukraine’s gross domestic product for 2023.
Maksym Urakin, founder of the Kyiv-based think tank Club of Experts, drew attention to key macroeconomic indicators. “Ukraine’s macroeconomic indicators have stabilized, and international reserves due to borrowings are breaking records, but Ukraine’s negative foreign trade balance is having a negative impact on the economy,” said Maksim Urakin.
Inflation in Ukraine will decline to 15.5% in 2023, and real incomes will increase by 1%, according to the updated improved forecast released by the International Monetary Fund (IMF) following the first review of the EFF Extended Fund Facility program.
Ukraine’s total public debt grew by 3.6% and reached a new historical high: in dollar terms, by $4.37 billion to $124.28 billion, and in hryvnia terms, by UAH 159.9 billion to UAH 4 trillion 544.9 billion, according to the Ministry of Finance website.
At the same time, Ukraine’s international reserves as of June 1, 2023, according to preliminary data, amounted to $37 billion 311.3 million, up 4% or $1.358 billion in May, and have updated an 11-year high, the National Bank reported.
Consumer price growth in Ukraine in May 2023 accelerated to 0.5% from 0.2% in April after slowing from 1.5% in March, 0.7% in February and 0.8% in January.
In January-April 2023, Ukraine reduced electricity production by 19.4% (by 8.8 billion kWh) compared to the same period in 2022, to 36.5 billion kWh.

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Uman is preparing for the V Cheese & Wine Festival

On July 29-30, the V annual Cheese & Wine Festival will be held at the Forest Club Sherwood hotel and restaurant complex. The event is organized by Focus event, a company that creates emotions and various events to support people and the Armed Forces of Ukraine!

Cheese&Wine Festival is a combination of live music with a glass of real wine and craft cheese. The special guest at the event on July 29 is Pianoboy (Dmitry Shurov). The main goals of the festival are to raise funds for the needs of the Armed Forces of Ukraine; help businesses sell their products and find and attract customers for long-term cooperation; popularize the culture of Ukrainian winemaking and cheese making; develop a culture of wine consumption; and facilitate communication between producers, distributors and the hotel and restaurant business in Ukraine.

The festival will bring together top management of enterprises, owners and managers of agricultural enterprises, owners and managers of restaurants, pubs, hotel and restaurant complexes, wine and cheese producers, professional sommeliers, opinion leaders, and representatives of specialized associations.

The event will feature a lecture hall where wine experts will present important and relevant topics for Ukrainian winemaking. Speakers of the event:

Liudmyla Boiko, chief technologist of the family-owned company Khani Badger.

Natalia Blagopoluchna, President of the All-Ukrainian Association of Winemakers and Sommeliers, head of the first Ukrainian Sommelier School.

Eduard Gorodetsky, founder of Tiras Winery and MY Wine.

Mykola Blagopoluchnyi, CEO of Master Class, Director of the All-Ukrainian Association of Winemakers and Sommeliers.

Ihor Vishtak, Director of the Crop Production Department at the Ministry of Agriculture of Ukraine.

Volodymyr Pechko, head of the public association “Ukrsadvynprom”.

Iryna Kovaleva, Director of the V.E. Tairov Institute of Viticulture and Winemaking of the National Academy of Sciences of Ukraine.

Maksym Urakin, founder of the analytical center “Club of Experts”, publisher, marketing director of the news agency “Interfax-Ukraine”.

Yegor Belov, chef sommelier at InterContinental Kyiv, winner of the All-Ukrainian Sommelier Competition 2019.

Natalia Burlachenko, sommelier and brand ambassador of Vinos de La Luz (France, Spain, USA, Argentina).

The festival will feature a pre-premiere screening of the film Wounded Land. This is a documentary about the stories of Ukrainian winemakers who suffered from Russian aggression. The film was successfully presented in Hollywood (USA).

The event program will also include a roundtable discussion “Development of Ukrainian winemaking in times of war. Current issues. Communication between the government and producers to solve them” with Igor Vishtak, Director of the Crop Production Department of the Ministry of Agrarian Policy and Food of Ukraine, heads of specialized associations, owners and managers of wineries.

Cheese & Wine Festival has a charitable component. The military are sending various items from the frontline to be sold at a charity auction at the festival. The proceeds will be donated to the needs of the Armed Forces. Last year’s festival raised UAH 74,500, which was used to buy a car for snipers.

We invite everyone: from craft winemakers and cheese makers to large distributors and manufacturing plants, from experts, sommeliers, winemakers to connoisseurs of quality wine and cheese.

Join the V Cheese and Wine Festival 2023. It will be interesting and useful and, of course, very tasty!

Interfax-Ukraine, Club of Experts, sind die Medienpartner.

Um Karten für das Festival zu kaufen:

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Ukraine has turned from salt exporter into importer – statistics

The share of imported salt in the Ukrainian market in January-June 2023 reached 15%, 211.737 thousand tons were purchased on foreign markets for $46.196 million.

According to statistics released by the State Customs Service (SCS), the largest supplier of salt to Ukraine remains Turkey, which provided 32.4% of all salt imports in the first half of 2023 and earned $14.966 million.

Egypt and Romania accounted for 23.3% and 17.7% of shipments, for which these countries earned $10.745 million and $8.174 million, respectively.

A year earlier, the top three importers of Ukrainian salt were Turkey with a market share of 29.8% of supplies, Poland and Romania with 22.8% and 19.8% respectively. Their revenue from its sale amounted to $7.492 million, $5.722 million and $4.969 million, respectively.

The State Customs Service recalls that in 2022, the share of imported salt in the domestic market totaled 15%. On foreign markets Ukraine purchased 438.105 thousand tons of salt for the amount of $92.116 million.

In 2021, the level of imported salt in Ukraine did not exceed 2%, which amounted to 142.813 thousand tons at $12.920 million.

For export in this pre-war year, Ukrainian enterprises supplied 710.041 thousand tons of salt, from the sale of which they received $28.323 million.

In 2022, Ukraine reduced salt exports by 80% to 142.038 thousand tons compared to 2021, with revenues of $3.821mn.

The main buyers of Ukrainian salt in 2021 and 2022 were Poland (import share of 39.1% and 44.4%, respectively), Hungary (27.4% and 27.3%) and Romania (7.3% and 5.1%).

In the first half of 2023, exports of Ukrainian salt amounted to only 149 tons at $32 thousand. It was bought by Romania (93.5% of supplies) and Moldova (3.2%).

Earlier, the analytical “Club of Experts” analyzed the situation with export and import of salt in Ukraine, for more details see the link

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