Business news from Ukraine

Business news from Ukraine

Sinevo Ukraine: Market may face price wars due to high competition

Competition in the Ukrainian laboratory diagnostics market is intensifying, which could lead to price wars, said Mykola Skavronsky, deputy CEO of Sinevo Ukraine, in an interview with Interfax-Ukraine.

“The number of laboratories has increased after COVID-19, and there are fewer people in the country, so the cost of attracting customers has increased significantly. This could lead to dumping, discounts, and even an increase in drug kickbacks,” he said.

Skavronsky added that the cost of services has also increased due to the devaluation of the hryvnia and the weakening of the dollar against the euro, which forced the company to raise prices by 10-15%.
Sinevo Ukraine is part of the Medicover Group, an international holding company in the field of medical and diagnostic services, whose shares are listed on the Stockholm Stock Exchange.

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Ukrainian baking industry operates in highly competitive environment with low profitability, says association president

The Ukrainian baking industry operates in a highly competitive environment with low profitability, according to Oleksandr Taranenko, president of the All-Ukrainian Bakers Association.

“We bakers only know about 10% profitability from stories. Most companies operate with a margin of 5%, and sometimes even lower. At the same time, costs are constantly rising. For example, the rise in electricity prices has added 1% to the cost price, and this increase cannot be immediately passed on to the price – it takes months,” he said.

According to him, this is why forecasts of a 15-20% increase in the price of mass-market bread are not related to manufacturers’ desire to increase profits, but to the need to compensate for increased costs.

“Bakers are forced to raise prices. This is not an attempt to make a profit, but an attempt to survive. When production costs rise and prices cannot be changed quickly, companies simply go into the red,” Taranenko emphasized.

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Verkhovna Rada Committee on Finance has announced competition for vacant position on NBU Council

The Verkhovna Rada Committee on Finance, Tax and Customs Policy has announced a competition for a vacant position on the Council of the National Bank of Ukraine (NBU), setting the deadline for applications as May 22, 2025.

“We had a meeting with the IMF, and they expressed their position on the need to fill the vacant position,” said committee head Danylo Getmantsev during the meeting.

He said that the deadline for accepting applications from candidates for the position of member of the National Bank Council is one month, until 4 p.m. on May 22, 2025.

“We will listen, conduct a selection process, as we always do – openly and transparently,” Getmantsev added.

As reported, in the memorandum of the extended financing program with the IMF, updated after the seventh review, the Ukrainian side noted that it plans to fill the vacant positions in the NBU Council by the end of April 2025.

In addition to the head of the NBU, the National Bank Council has eight other members: four are appointed by the president and four by the Verkhovna Rada for a term of seven years. Currently, Igor Veremiy and Vasily Furman have been appointed under the president’s quota (in June and November 2022), and Vasily Gorbali, Anatoly Barsukov, and Elena Shcherbakova have been appointed under the Verkhovna Rada’s quota (in September 2020 and December 2022).

 

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Call for proposals for training courses to support Ukrainian agribusiness announced

The Food and Agriculture Organization of the United Nations (FAO), together with the Ministry of Agrarian Policy and Food of Ukraine and the Ministry of Education and Science of Ukraine, announce the launch of an open call for proposals for the development of online training courses. This initiative is funded by Ireland through the EBRD Small Business Support Facility and FAO, SEEDSwrites .

The purpose of the competition is to develop online training courses to overcome the shortage of professional knowledge and skills in the agricultural sector, food and processing industry with a focus on small and medium-sized businesses (SMEs) in Ukraine. The courses cover a wide range of topics, from livestock and crop production to processing and marketing technologies.

Applications are open to scientific, educational, and non-governmental organizations that can create a complete training product, including videos and tests to test knowledge. Priority will be given to applicants with proven cooperation with businesses in the industry.

Before filling out the application, potential participants should familiarize themselves with the courses already published on the AgriAcademy educational platform(https://agriacademy.org/courses-catalog/) to avoid possible duplication of topics and materials.

The main application criteria and requirements for creating training courses can be found on the official website of the AgriAcademy platform

The application deadline is January 5, 2025.

All applications must be submitted online through the application form.

The best proposals will receive funding of up to USD 15,000 to create course materials.

As part of the online meeting, the organizing team will make a brief presentation of the competition and will be available to answer questions from participants. The workshop is scheduled for 16:00 Kyiv time on November 20, 2024. To participate in the seminar, you need to pre-register here.

This competition opens up new opportunities for educational and research institutions, contributing to the development of Ukrainian agribusiness and the integration of best practices into SME training programs.

Readmore about the competition and terms of participation on the official website of AgriAcademy

SEEDS

 

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Ministry of Education of Ukraine invites architects to participate in competition of school renovation projects

The Ministry of Education and Science invites architects to take part in a competition for school renovation projects.

“Teams of architects can submit design ideas for the competition. The design project developed by the winner of the competition will be available for free to all communities. Its availability will allow donors to speed up decision-making on financing school reconstruction, and communities to save time and money,” the ministry’s press service said.

It is noted that the authors of the three best project ideas will receive awards ranging from 8 thousand to 12 thousand euros, and the winner of the competition will sign a contract for 300 thousand euros, which provides for the development of an adaptive school design project.

According to the rules, a team wishing to participate in the competition must consist of at least two architects: one must be authorized to practice in Ukraine and the other must be authorized to practice abroad.

According to the report, the School of the Future for Ukraine project was initiated by the Lithuanian government in partnership with the State Agency for the Restoration and Development of Infrastructure of Ukraine with the assistance of the Ministry of Education of Ukraine.

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Experts Club chose the best wine of Ukraine in 2023

On May 18, 2023, a unique wine evening “Consumer tasting of the best craft wines of Ukraine-2023” was held at the Kyiv analytical center “Experts Club”. The event presented the best wines of Ukraine according to the results of the VII All-Ukrainian Tasting Competition “Variety and Terroir. Micro winemaking. Unbreakable”.

The evening was special not only because of the unsurpassed range of wines but also because two winners in two competitions were determined.

Within the framework of the Consumer Tasting of the Best Craft Wines of Ukraine-2023 competition, the winner was the Merlot 2020 wine from TM NAROVYLO WINERY, and the winner of the Best Design of a Bottle of Craft Wine of Ukraine-2023 competition was the Pinot Noir 2020 wine from TM 46 Parallel. Both winners received certificates from the Experts Club .

“This evening gave us a unique opportunity to see, feel and, most importantly, taste the highest standard of Ukrainian winemaking. After all, most of the presented wine brands is yet on public sale,” said Natalia Blagopoluchna, President of the All-Ukrainian Association of Winemakers and Sommeliers.

In his turn, the founder of the Experts Club, Maksym Urakin, emphasized that it is extremely important to support and celebrate the winemaking achievements of Ukrainian craft producers.

“The winner of the competition, Merlot 2020 from NAROVYLO WINERY, demonstrates the highest quality of our national winemaking products, and the creative design of Pinot Noir 2020 from 46 Parallel shows that Ukrainian winemakers not only understand the true taste of wine, but also care about every detail, including the design of the bottle. This perfectly illustrates our passion for winemaking. In my opinion, Ukrainians should develop consumer patriotism, choosing products primarily from domestic producers, because they are no worse and often much better than imported ones,” emphasized Maxim Urakin.

The wine evening at the Experts Club was attended by many well-known personalities, including wine producers, restaurateurs, representatives of the retail industry, media community and others.

It should be noted that the wines that took part in the tasting were highly appreciated by all those present. They represent a variety of grape varieties and winemaking techniques used in Ukraine, including the innovative Orange, 2021 from TM Kovach Wine and Zagrei, 2022 from the National Scientific Center “Tairov Institute of Viticulture and Winemaking”.

The event also featured Ukrainian grappa, which has long been recognized as one of the most unique products in Ukrainian winemaking and has received recognition from experts in the country of origin of this drink – Italy.

The Consumer Tasting of the Best Craft Wines of Ukraine-2023 is an important event in the Ukrainian winemaking calendar, and this year it demonstrated the enormous potential of the Ukrainian wine industry despite the difficult times for our country. This event has once again confirmed that Ukraine has everything to produce high-quality wines that can compete in the global market.

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