Business news from Ukraine

French left-wing parties nominate Lucie Castets for prime minister

Representatives of the leadership of left-wing parties from the New National Front, which won the French parliamentary elections, have agreed to nominate Lucie Castets for the post of prime minister, La Voix Du Nord reported on Tuesday.
“We propose Lucie Castetz as prime minister to lead a government capable of responding to the social and environmental urgencies that our fellow citizens have expressed during the last election,” wrote Fabien Roussel, leader of the French Communist Party, which is part of the New Popular Front.
French media note that Castetz currently holds the position of head of the financial department of the Paris City Hall. It is noted that she actively opposed the recent pension reform in the country, which raised the retirement age.
On June 9, President Emmanuel Macron announced the dissolution of the National Assembly and called early legislative elections due to the defeat of the President’s social-liberal party, the Renaissance, in the European Parliament elections, which lost to the National Rally. In the early parliamentary elections on July 7, the pro-presidential coalition “Razom” lost to the left-wing bloc of parties “New People’s Front”. No political force gained an absolute parliamentary majority.
Earlier, the Experts Club think tank and Maksym Urakin presented a video analysis of the most important elections in the world in 2024, more details are available here – https://youtu.be/73DB0GbJy4M?si=eGb95W02MgF6KzXU

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Negative balance of Ukraine’s foreign trade in goods in January-May reached $10.7 billion

The negative balance of Ukraine’s foreign trade in goods in January-May 2024 increased 1.2 times compared to the same period of 2023 – to $10.716 billion from $8.882 billion, the State Statistics Service (Gosstat) said on Monday.

According to its data, exports of goods from Ukraine for the period increased by 1.7% to $16.832 billion compared to January-May 2023, while imports increased by 8.3% to $27.548 billion.

State Statistics Committee specified that in May compared to April this year, seasonally adjusted exports decreased by 1.3% to $3.442bn, while imports decreased by 3.9% to $6.089bn.

The seasonally adjusted foreign trade balance in May-2024 was negative at $2.647bn, while in the previous month it was also negative at $2.850bn.

The export-import coverage ratio for the first five months of 2024 amounted to 0.61 (0.65 in January-May 2023).

State Statistics specified that foreign trade operations were conducted with partners from 220 countries.

Earlier, the analytical center Experts Club and Maxim Urakin released a video analysis of how the GDP of the world’s countries has changed in recent years, more detailed video analysis is available here – https://youtu.be/w5fF_GYyrIc?si=BsZmIUERHSBJrO_3.

 

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Charity wine evening was held at Bunker club in Kyiv

On Bunker Club hosted a charity wine evening organized by Experts Club. The guests of the event were given the opportunity to taste 12 varieties of Ukrainian wine, each of which has its own unique characteristics and history. In particular, the following Ukrainian wines were presented:

Sparkling white wine My wine by Eduard Gorodetsky, which is distinguished by its fresh and light taste, perfect for a summer evening.

Sauvignon blanc 2023 by Demidi wine with bright fruity notes and delicate acidity that gives the wine a special freshness.

Telti-Kuruk 2023 from Big Wines, which has a rich flavor with hints of ripe fruit, making it an ideal choice for red wine connoisseurs.

Dnipro Hills Riesling 2023 from Stoic Ukrainian winery has a pleasant aroma with notes of flowers and honey, complemented by a light fruity aftertaste.

The 2020 Furmint from Chateau Chizay has a rich flavor and a complex bouquet that combines fruity and smoky notes.

Beycush red 2023 from Beycush winery, which has a deep color and rich flavor with hints of ripe berries and spices.

Odesa black 2023 from Big Wines is noted for its rich taste and aroma of dark fruits, which gives it a special charm.

El Capitan Pinot noir 2021 from 46 ParaleI has an elegant taste with notes of cherry, raspberry and light spicy hints.

Freedom Blend from the legendary Purcari winery (Moldova) combines the best traditions of Moldovan winemaking, offering a rich taste with hints of black berries and spices.

Ice wine Riesling from Chateau Chizay is characterized by its sweet taste and rich aroma of ripe fruit and honey.

Shabo Reserve Sherry Dry White by Shabo has an expressive flavor with light notes of nuts and spices, making it an excellent choice for special moments.

Shabo Luxe de Charente by Shabo is distinguished by its mild and refined taste with notes of vanilla and caramel that give it a special charm.

The charity event was not only an opportunity to enjoy fine wines, but also to support important initiatives. All the funds raised will go to charity, which adds even more value to the event.

The tasting was held to promote Ukrainian wine producers. The partners were Experts Club and the Ukrainian Wine Industry Association. UkrSadvynProm unites about 200 enterprises from different regions of Ukraine, established in 2016 to unite market participants and provide practical assistance in solving problematic issues in viticulture and winemaking, as well as horticulture, including berry and nut growing.

Experts Club is a Ukrainian information and analytical center founded in 2020 to create an analytical framework to increase the competitiveness of Ukraine and Ukrainian business in the world.

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A new president has been elected in Iran

Former Iranian parliament member Masoud Pezeshkian has won Iran’s presidential election, Tasnim news agency reported.

“The second stage of the presidential election was held on Friday, July 5, and according to the results of vote counting, Masoud Pezeshkian was elected president of the Islamic Republic of Iran,” the report said.

The agency noted that such a conclusion was made, “according to the announcement of the election headquarters spokesman, based on the counting of 30 million 530 thousand 157 votes received from all offices inside and outside the country.”

Earlier, the Experts Club think tank presented an analysis of the most important elections in the countries of the world in 2024, more video analysis is available here – https://youtu.be/73DB0GbJy4M?si=eGb95W02MgF6KzXU.

Subscribe to Experts Club’s youtube channel here – https://www.youtube.com/@ExpertsClub

 

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Labor Party will win elections in UK

An exit poll conducted by Ipsos UK for Sky News, BBC, and ITV News predicts that the opposition Labor Party will win 410 seats in parliament, the BBC reports.
“If the prediction is correct, Sir Keir Starmer will become prime minister with 410 Labor MPs, slightly less than Tony Blair’s total in 1997,” the report says.
It is noted that the Conservatives may avoid the defeat predicted by some opinion polls, but their predicted result will be a crushing blow to the party after 14 years in power. According to exit polls, the Conservatives will win 131 seats in parliament, the lowest number in history. The Liberal Democrats are expected to take third place with 61 seats.
In addition, according to exit polls, the number of Scottish National Party MPs will decrease to 10, while Reform UK is projected to gain 13 MPs. The Green Party of England and Wales is expected to double its number of MPs to two, and Plaid Cymru will get four MPs. Others are projected to win 19 seats.
The exit poll is based on voter data from approximately 130 polling stations in England, Scotland and Wales. The poll does not cover Northern Ireland.
The UK election took place on Thursday, July 4. Most of the results will start coming in on the morning of Friday, July 5.

Earlier, Experts Club presented an analytical material on the most important elections in the world in 2024, a detailed video analysis is available here – https://youtu.be/73DB0GbJy4M?si=eGb95W02MgF6KzXU

You can subscribe to the Experts Club YouTube channel here – https://www.youtube.com/@ExpertsClub

 

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Parliamentary elections in UK today

The British people will go to the polls on Thursday to determine the new composition of the Parliament. Polling stations will be open from 07:00 to 22:00 local time (09:00 to 00:00 CET). The British parliament is elected for five years and one party needs to win 326 seats out of 650 for a majority.

The first preliminary results are expected around 23:30 (01:30 CET), and updated data is expected to be published between 03:00 and 05:00 (05:00 and 07:00 CET). Western media note that it is usually after the publication of such updated information on the voting results that the leader of the losing party concedes defeat.

On Friday morning, the leader of the winning party is expected to travel to Buckingham Palace to inform King Charles III that he is ready to form a government.

The pre-election polls were extremely unfavorable for the Conservatives: according to several media outlets that compiled polls from various opinion companies, Labor could get about 40% of the vote, the Conservatives about 20%, and the Reform the UK party about 16%.

At the same time, experts from Survation said that they can say with 99% confidence that Labor will win with a huge margin. According to their latest poll, given the current rules for distributing votes in the election, the Labor Party could win 484 seats out of 650 (about 75% of the seats). In this scenario, the Conservative Party would receive only 64 seats (about 10%), which could be the worst result in their history.

Thus, the Reform the UK party, headed by Nigel Farage, may, under a favorable set of circumstances, overtake the Conservatives in the elections and become the second most important political party in the country. Farage’s party is mainly focused on immigration and the continuation of Brexit.

At the same time, changes are expected from Scotland and Northern Ireland. The Scottish National Party (SNP), which is experiencing an internal crisis, may lose some seats in the British Parliament to Labor. At the same time, the left-wing nationalist party Sinn Fein may win the majority of seats in the parliament for the first time in history from Northern Ireland. The party adheres to the policy of abstentionism, which means that if it wins, it will not de facto take its seats.

Pre-election polls in Wales do not predict any radical changes.

According to British voters, the most important problems in the kingdom are currently the economic situation (about 52% said so), the healthcare situation (50%), and immigration and asylum issues (40%). At the same time, the British media note that in their election promises, both Labor and the Conservatives do not pay enough attention to the country’s main problems.

Labor leader Keir Starmer promises to reform several sectors, including the National Health Service, and to raise taxes to invest in these areas. The leader of the Conservatives, Prime Minister Rishi Sunak, promises to cut taxes.

At the same time, the positions of the two parties on Russia’s full-scale war against Ukraine do not differ much: Sunak promised to stand by Ukraine “no matter what it takes,” while Starmer repeatedly said that his support for Kyiv is “ironclad.” The Labor Party’s manifesto states that it is ready to work with the Ukrainian government to diplomatically isolate Russia and increase industrial production. Labor is also ready to work to create a path to Ukraine’s membership in NATO.

At the same time, Farage said that Russia and Ukraine should try to organize a negotiation process by using mediators. He criticized NATO’s eastward expansion and said that Ukraine, in his opinion, should act as a buffer state between Russia and the West in the future.

Political problems for the Conservative Party began at the end of 2021, when Boris Johnson, who was then Prime Minister, resigned due to his participation in parties during the COVID-19 lockdown and the scandals that followed. Liz Truss took over as prime minister in September 2022 and was replaced by Sunak in October. The Conservative Party has been in power in the UK for about 14 years.

In late May, Sunak announced his intention to hold general elections on July 4, a decision that came as a surprise to many. The previous parliament convened in December 2019, so the prime minister had until December to decide.

Earlier, Experts Club presented an analytical material on the most important elections in the world in 2024, a more detailed video analysis is available here – https://youtu.be/73DB0GbJy4M?si=eGb95W02MgF6KzXU

You can subscribe to the Experts Club YouTube channel here – https://www.youtube.com/@ExpertsClub

 

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