Business news from Ukraine

An exhibition of paintings dedicated to overcoming post-traumatic stress disorder will be held at Experts Club training center in Kyiv

This Saturday, the Experts Club Kyiv Training Center in cooperation with Art Gallery Universe opens an exhibition that goes beyond the usual understanding of art, approaching therapy and recovery. “Restoring Life: Art and Rehabilitation Project” is a series of works created by contemporary Ukrainian artists Igor Moshkov and E-Ludmyla Svitla, who convey deep emotional states and ways to rethink and overcome them through painting.

“Each painting in our exhibition is not just an image, it is a dialog between the artist and the visitor that helps to find inner harmony and peace. We are creating a space where art becomes a tool for psychological recovery for those who have faced challenges,” says Maksym Urakin, founder of Experts Club.

“For me, every brushstroke is a step towards comprehension and healing. My works are the stories I want to tell, and I believe they can help others find their way to inner light,” said E-Ludmyla Svitla.

The exhibition offers an extraordinary experience that combines art therapy and art, giving visitors the opportunity not only to enjoy painting, but also to discover a new tool in the fight against post-traumatic stress disorder (PTSD) and its consequences. The project focuses on supporting spiritual health and mental recovery through artistic expression, creating a safe space for personal growth and self-expression.

“Recovering Life” reflects the true power of artistic symbolism, which lies not only in aesthetic pleasure, but also in its ability to heal and unite people around art.

Address of the event: 51/1A Vasyl Tyutyunnyk Street, Kyiv, office 112.

The beginning is February 17, 2024 at 15:00.

The number of participants is limited. For media accreditation, please contact by 23-00 on February 16, 2024.

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Analysis of existing factors affecting the energy system of Ukraine and its readiness for the winter period of 2023/2024

In the run-up to the winter period of 2023/2024, Ukraine’s energy system faces a number of key challenges and issues. In the context of ongoing military operations and possible shelling of energy infrastructure, the ever-changing situation in the global energy market, geopolitical features and climate change, the analysis of factors affecting the sustainability and efficiency of the industry is of particular importance. The comfort and safety of millions of Ukrainians during the cold season depends on how well and timely the peculiarities of thermal and nuclear generation, renewable energy sources and the state of the oil and gas industry are taken into account. Our review is aimed at assessing the country’s current readiness for the upcoming winter season, identifying potential weaknesses and suggesting the best ways to address them. The Club of Experts has analyzed the main factors that may affect the stability of Ukraine’s power system in the autumn and winter.

Thermal generation

The current situation with Ukraine’s thermal generation seems to be quite problematic, especially in terms of preparations for the winter period:

Repair works and the degree of recovery.

The Prime Minister of Ukraine Denys Shmyhal confirmed that the energy sector is actively continuing to prepare for winter, and in the midst of summer. Twenty-four power units of thermal power plants have been repaired or are under repair, which is 62% of the total. In addition, 70% of CHPPs have been repaired, and the remaining 30% are in the process of repair.

Also, according to the Prime Minister, Ukrenergo has already completed almost 80% of the repair of trunk power grids, and high-voltage substations have been restored to the pre-war level. In addition, a multi-level defense for energy facilities is being actively developed.

At the same time, the NEURC Chairman emphasized the need to accelerate the provision of additional financial resources. Under the government’s 5-7-9 soft loan program, UAH 7.6 billion can be allocated for CHPs and TPPs.

In total, the damage to TPP and CHPP equipment is estimated at UAH 29.9 billion, while only UAH 482 million was spent on emergency repair work. NPC Ukrenergo suffered losses of UAH 9.6 billion, but the cost of restoration amounted to only UAH 681 million.

Impact of electricity deficit on real GDP compared to no deficit, % (forecast until 2024, data from the National Bank of Ukraine)

The problem of coal supply

As of August 4, TPPs and CHPPs had accumulated 1.4 million tons of thermal coal in their warehouses, which is 100 thousand tons less than the approved plan. This gap is due to the active operation of thermal generation in July to cover the electricity shortage, which led to additional coal consumption.

The lag in coal production at state-owned mines is 148 thousand tons, or 10-15% compared to last year. This is due to the fact that 10 state-owned mines are under occupation, which negatively affects the total production.

To save coal, companies are considering using fuel oil. Several thermal power plants are currently actively using fuel oil, some at 100% and others at a ratio of 60% fuel oil to 40% gas.

Self-sufficiency of the population

Volodymyr Kudrytskyi, Chairman of the Board of the transmission system operator NPC Ukrenergo, called on the population of Ukraine to prepare or purchase electricity generators as a preventive measure against possible blackouts or power outages in the winter.

Kudrytsky emphasized that it is impossible to accurately predict the probability of blackouts, as it depends on the nature and success of Russian attacks.

Imports of equipment to ensure energy autonomy in 2021-2023, USD million (data from the National Bank of Ukraine)

According to industry representatives, special attention should be paid to the need for rational use of electricity, especially during peak hours. Citizens are urged to become more economical and responsible consumers of electricity.

Overall reduction in capacity

According to a report prepared by the UNDP and the World Bank, the available capacity to generate electricity in Ukraine has halved since the start of the Russian invasion in February 2022. The biggest hit has been to maneuvering capacity, especially at thermal power plants, making the system more vulnerable to rapid changes in demand.

Drop in capacity of different types of generation: Nuclear generation capacity decreased by 44%, hydropower by 29%, and renewable energy sources (RES) by 24%.

Distribution of electricity generation sources in Ukraine in 2000-2020 (data from ENTSO-E)

International support

On June 20, 2023, the transmission system operators of Continental Europe decided to increase the maximum capacity for electricity imports to Ukraine and Moldova to 1200 MW, an increase of 150 MW compared to the previous values.

Since June 2022, the TSOs of Continental Europe have continued to regularly adjust import limits, taking into account the needs of Ukraine and Moldova, as well as the results of measures to ensure the stability and security of the power system.

The European Network of Transmission System Operators for Electricity, ENTSO-E, plays a key role in coordinating the work of European transmission system operators, representing the interests of 39 TSOs from 35 countries. This organization ensures the coordinated and secure operation of the European power system, the largest interconnected power grid in the world, and acts as a platform for technical cooperation between countries.

Cross-border power lines in the western part of Ukraine and their capacity (data – ENTSO-E)

On August 25, the National Energy and Utilities Regulatory Commission (NEURC) approved the rules for allocating the capacity of the Ukraine-Romania cross-border transmission lines, as well as the structure for allocating the capacity of the Ukraine-Poland and Ukraine-Romania cross-border transmission lines.

As follows from the adopted resolutions of the National Commission, the structure of capacity allocation for auctions in the direction of Rzeszów – Khmelnytska NPP line of the Ukraine-Poland interstate section was approved by the regulator in the amount of 0% for annual and monthly auctions, and 100% for daily auctions.

This will help to increase the degree of synchronization of the power systems of Ukraine and the EU countries ahead of the winter period.

Conclusions to the section: Thus, the thermal segment of Ukraine’s energy system faces a number of challenges due to the war and the loss of some of its resources. However, thanks to internal measures and active support from European partners, the country is doing everything possible to ensure stable and secure energy supply to its citizens on the eve of the winter season.

Nuclear generation

Overview of repair work.

According to Petro Kotin, President of NNEGC Energoatom, four out of nine power units at nuclear power plants (NPPs) have to be repaired before the start of the autumn-winter period. Five units have already been repaired and successfully commissioned. One more unit is expected to complete repairs by the end of August, and the remaining three will be commissioned within the next two months.

According to Kotin, there are currently no units awaiting the start of repair work. All units have either been repaired or are in the process of being repaired. In addition, he confirmed that the company’s financial and economic program for the repair of the units is in full order and fully balanced.

Confirming the information provided by Energy Minister Herman Halushchenko, Kotin assured that all nine power units of South Ukrainian, Rivne and Khmelnytsky NPPs with a total capacity of 7,880 MW will be loaded at full capacity in the winter period from November 2023 to February 2024.

As of the end of August 2023, Ukraine has three NPPs in operation – Khmelnytska, Rivnenska and South Ukrainian NPPs with a total number of 9 units and a total capacity of 7.8 GW. Zaporizhzhia NPP with a capacity of 6 GW was seized by Russia on March 4, 2022, and has not been generating electricity for almost a year.

International cooperation

Ukraine and Canada intend to cooperate in the field of pre-licensing safety assessment of small modular reactors (SMRs). This initiative was announced after the signing of a memorandum of understanding between Oleh Korikov, Chairman of the SNRIU, and Rumina Welsh, President of the Canadian Nuclear Safety Commission.

Canada is one of the world leaders in nuclear energy, actively working to introduce new technologies. This is especially relevant in light of the need to replace old facilities that were launched in 1970-1980 and are reaching the end of their service life.

Given the difficult situation around the temporarily occupied Zaporizhzhia NPP and other nuclear facilities affected by the war, Ukrainian and Canadian regulators will cooperate in ensuring their safe operation. Both sides also expressed interest in improving regulatory activities in the field of radioactive waste management.

Conclusion on the section: The nuclear power industry of Ukraine is in an active stage of preparation for the upcoming winter period. Taking into account active repair works and Energoatom’s balanced economic strategy, the Ukrainian nuclear power system demonstrates readiness for efficient and safe operation in the cold season.

Development of renewable energy

Problems with water storage at Ukrhydroenergo

“Ukrhydroenergo, a key hydropower producer in Ukraine, is facing a shortage of water needed to maintain electricity production at the usual level. This is due to an increased production load and the company’s inability to accumulate sufficient water before the start of the heating season.

According to Bohdan Sukhetskyi, Deputy CEO for Commercial Activities, water is analogous to fuel for Ukrhydroenergo. In the past, the company has accumulated sufficient water reserves to help the power system at the initial stage of the autumn-winter period.

Under current conditions, Ukrhydroenergo is forced to work at the limit of its capabilities. Mr. Sukhetsky pointed out that NPC Ukrenergo uses 20-40% more electricity generation schedule than Ukrhydroenergo provides, which leads to additional water consumption.

Particular attention was paid to the impact on the operation of the Dnipro cascade hydroelectric power plants after the Kakhovka HPP was blown up. The situation with the Kakhovka reservoir has led to an imbalance in the cascade system, starting from the Kyiv reservoir and down to the lower part of the Dnipro.

“Ukrhydroenergo is facing a serious challenge related to the lack of water resources to maintain efficient operations. This could affect the stability of the country’s energy supply, especially in the run-up to the fall and winter. Given the difficult political and military situation, as well as the consequences of the Kakhovka hydroelectric power plant explosion, the importance of solving this problem cannot be underestimated.

Green energy

DTEK plans to complete the construction of wind farms with a total capacity of 600-700 MW by the end of 2024. By 2030, DTEK expects to implement projects with a total capacity of at least 2 GW.

At the same time, a new energy strategy for Ukraine was presented at the URC2023 conference, which reflects ambitious plans for the development of various energy sectors in the country:

Wind generation: the goal is to reach a capacity of 140 GW with investments of $134 billion.
Solar power generation: it is planned to increase to 94 GW with funding of $62 billion.
Energy storage: aiming for 38 GW of capacity with a budget of $25 billion.
Nuclear generation: the goal is 30 GW, which requires $80 billion.
CHP and bioenergy: development of up to 18 GW (no data on financing).
Hydropower: plans for 9 GW of capacity with investments of $4.5 billion.

Additionally, it is planned to allocate $72 billion for the development of hydrogen technologies, $5 billion for energy transmission systems and another $4.5 billion for hydropower.

The total investment needs for Ukraine’s new energy capacities amount to an impressive $383 billion, according to Ukraine’s Energy Minister Herman Galushchenko.

Within the framework of URC2023, the Ukrainian Wind Energy Association (UWEA) also signed a memorandum of understanding with the UK’s largest renewable energy association, RenewableUK. This step is aimed at strengthening cooperation, sharing experience and knowledge, as well as stimulating trade and market development between the renewable energy sectors of both countries.

These measures and plans demonstrate that Ukraine is focusing on the diversification and sustainable development of its energy sector, relying on modern technologies and international cooperation.

On July 3, the Verkhovna Rada of Ukraine passed a key bill that could dramatically change the country’s green energy landscape. Here are the main points of this draft law:

  • Self-production mechanism: Businesses and households are allowed to install their own power generation facilities and sell their surplus energy on the market. Starting in 2030, only “green” generation will be able to participate in this mechanism, but previously installed facilities will retain their rights.
  • Guaranteed origin of energy: The adopted draft law strengthens control measures over the origin of “green” electricity.
  • Feed-in-Premium: Renewable electricity producers can now sell electricity directly, rather than through the Guaranteed Buyer. However, the Guaranteed Buyer will pay the difference between the feed-in tariff and the market price.
  • Incentives for wind and solar power plants: The Law retains incentives for wind and solar power plants. A new model, Net Billing, is introduced for small domestic solar power plants.
  • Sale of energy during emergency periods: RES can now sell electricity to neighboring enterprises at contractual prices during emergency or planned periods.
  • Generation for consumer enterprises: Investors are allowed to install power generating facilities on the territory of consumer enterprises and provide them with energy at contractual prices.
    Export of “green” energy: “Guaranteed Buyer can now export renewable electricity on general market terms. Revenues from this activity will be used to compensate for the green tariff.This law undoubtedly gives a new impetus to the development of renewable energy in Ukraine, providing producers with more flexibility and economic benefits.

Energy resources

Gas storage facilities

By the beginning of the autumn-winter period, Ukraine plans to accumulate 14.7 billion cubic meters of gas in its storage facilities. Currently, 11.7 billion cubic meters have already been accumulated. The key issues now are the repair and safety of thermal energy facilities and the accumulation of fuel resources. The Cabinet of Ministers emphasized the importance of being prepared for the heating season and preparing for possible attacks on thermal energy infrastructure.

Fuel market

The A-95 Consulting Group provided data according to which the price of gasoline in August-September may reach 60.86 UAH/l, diesel fuel – 55.61 UAH/l, and gas – 26.63 UAH/l. The main factors affecting price changes are the integration of higher taxes and rising global prices, as well as the sale of fuel stocks formed before the abolition of preferential taxes.

Sergiy Kuyun, Group Director of A-95, noted the key influence of major players such as OKKO, WOG and Ukrnafta on price stabilization. He also pointed to supply difficulties due to the Russian shelling of Ukrainian ports, which led to an increase in freight and insurance requirements. In this regard, Kuyun suggested increasing onshore contracts and consolidating traders to conclude long-term contracts for large tanker shipments.

Dynamics of changes in fuel prices in 2022-2023, UAH/liter (data from the National Bank)

Overall, the industry is facing a number of challenges, including the need to increase gas reserves, a difficult situation in the fuel market due to changes in pricing, and risks associated with the political situation. Strategic decisions at the state level are needed to stabilize the situation.

General conclusions

Ahead of the autumn-winter season of 2023/2024, Ukraine’s power system is generally ready to provide stable electricity supply to consumers. Given the low intensity or absence of missile attacks on energy facilities, rolling blackouts may be sporadic or not applied at all. The probability of blackout in this scenario remains minimal.

In the event of new attacks on the power system in the autumn and winter, the probability of blackouts increases, while the number and duration of blackouts will depend on the nature and success of attacks by the Russian Federation. At the same time, given the energy sector’s preparations for such a scenario, possible blackouts will be temporary.

The co-authors of this analytical review are Maksym Urakin, co-founder of Experts Club, PhD in Economics, and Oleksiy Fedinsky, Director of the analytical center.


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Ukraine’s public debt rose to new record of $132.92 billion

Ukraine’s total public debt in August 2023 increased by 3.1% to a new historic high: in dollar terms – by $4bn to $132.92bn, in hryvnia terms – by UAH 146.2bn to UAH 4 trillion 860.6bn, according to data on the website of the Ministry of Finance.

According to them, the direct state debt increased by 3.3% to $123.63 billion, or up to UAH 4 trillion 521.1 billion, and amounted to 93.0% of the total amount of public and state-guaranteed debt.

It is reported that external direct debt in August increased by 4.4%, or $3.52 billion, to $83.41 billion, while domestic direct debt increased by 1.1%, or UAH 15.8 billion, to UAH 1 trillion 470.75 billion (equivalent to $40.22 billion).

The total external public debt of Ukraine in August-2023 increased by 4.1%, or $3.58 billion, to $90.77 billion, while the total domestic debt increased by 1.0%, or UAH 15.2 billion, to UAH 1 trillion 541.4 billion.

As a result, the share of total external government debt increased to 68.3%.

As a result, the share of total external government debt rose to 68.3%.

According to the Ministry of Finance, the share of liabilities in euros at the end of August rose to 28.36%, in U.S. dollars – to 26.66%, while in hryvnia decreased to 28.87%, in SDR – to 12.89%, in Canadian dollars – to 2.48%, and in yen and British pounds remained at 0.72% and 0.02%, respectively.

The office also clarified that 64.86% of government debt has a fixed interest rate, while 12.89% is pegged to the IMF rate, 7.85% to SOFR, 3.88% to EURIBOR and 0.72% to TORF.

Another 2.99% of government debt is tied to the consumer price index, while 6.49% is tied to the NBU discount rate. We are talking about government bonds from the portfolio of the National Bank. The newest of them were securities linked to the discount rate, which were purchased by the NBU within the framework of emission financing of the budget.

Finally, 0.31% of government debt has a rate linked to the Ukrainian index of interest rates on individual deposits, used in portfolio guarantee programs.

As reported, Ukraine’s public and state-guaranteed debt increased by $13.4 billion to $111.45 billion in 2022. In the first eight months of this year, the state debt increased by $21.47 billion, or 19.3%.

In the framework of the first revision of the EFF extended financing program with Ukraine at the end of June, the IMF significantly improved the forecast of the government debt growth this year – from 98.3% of GDP to 88.1% of GDP, including by revising its estimate for the end of last year from 81.7% of GDP to 78.5% of GDP.

Experts Club Research Project and Maxim Urakin recently released an analytical video about the economy of Ukraine and the world:

You can subscribe to the Experts Club YouTube channel by following the link –

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“Experts Club” analyzed the candidates’ chances in the second round of presidential elections in Turkey

The YouTube channel of the Kiev analytical center “Club of Experts” has released a new video in which the founder of the project, PhD in Economics Maksim Urakin and the editor-in-chief of the “Ukraine in Arabic” portal Mohammad Farajallah forecast the results of the upcoming second round of presidential elections in Turkey and also analyzed possible developments after the end of the vote.

According to the experts, the incumbent president Recep Tayyip Erdogan has much more chances to win than his rival, Kemal Kılıçdaroğlu, the leader of the united opposition. This prediction is due both to the behavior of the top politicians themselves before and after the first round of elections, as well as the position of third-place winner Sinan Ogan, who has already expressed his support for Erdoğan with 5 percent of the vote.

“Erdoğan conducted his election campaign well by not engaging in open polemics with the opposition on earthquake relief, democracy development and the economic situation. Instead, he focused voters’ attention on the themes of security and the “dignity of the nation” as well as Islamic identity. In addition, the increase in wages and the cancellation of utility bills on the eve of the election also played a role “- says Mohammad Farajallah.

According to the expert, these actions also helped Erdoğan win over nationalist forces, whose single candidate, Sinan Oğan, openly supported the incumbent president on the eve of the second round.

“The opposition, on the contrary, started to behave rather nervously after the first round, which was mainly reflected in Kemal Kilicdaroglu’s aggressive rhetoric with regard to the Syrian refugees who received Turkish passports under the social programs initiated by Erdogan,” he stressed.

In his turn, Maksim Urakin noted that Turkish voters were generally disappointed by Kylicdaroglu’s rhetoric as they expected concrete programs of economic and political actions from the opposition alliance after the elections.

“No specifics were heard from the opposition regarding social support for youth, the older generation, support for entrepreneurs and normalization of the situation in the economy,” says Maxim Urakin.

In his opinion, expectations of Kılıçdaroğlu’s victory already in the first round were somewhat “overheated” by a number of opinion polls, which predicted this candidate a serious advantage over Erdoğan (up to 5-7%), but were subsequently not confirmed at the elections themselves.

At the same time, according to experts, there is still a serious split among Turks with regard to the policy of the current president, and Erdoğan, if he wins the elections, will have to work hard to consolidate society within a single national consensus.

See more in the video on the Club of Experts channel at the link:

Subscribe to the Club of Experts channel here:

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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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Return to International Organization of Wine will accelerate recognition and promotion of Ukrainian wine in the world – Ukrsadvinprom

Director General of the International Organization of Vine and Wine Industry (IOVI) Pau Roca thanked representatives of the Ukrainian wine industry for the work done to restore Ukraine’s membership in this international structure.

“In this difficult time that Ukraine is going through and in this difficult situation, we focus on the promotion of Ukrainian winemaking in the world. The fact that Ukraine joined our interstate organization is a very important step at this very period. This step will bring results in the near future”, – stressed the Head of IGOV at a press conference in the news agency Interfax Ukraine.

In turn, the Deputy Minister of Agrarian Policy and Food of Ukraine Markiyan Dmytrosevych also noted the importance of Ukraine’s membership in IGOV, as this organization currently unites 85% of the world’s specialists in the field of viticulture and winemaking, as well as represents the interests of 80% of consumers.

“The International Organization of Winegrowing and Winemaking is primarily a platform for the exchange of experiences in the promotion of wine products. Membership in IGOV and work in its committees will give Ukraine the opportunity to be aware of all the changes and directions of development of the industry, which, in turn, is important in the context of European integration of our country, “- said Dmitrasevich.

Speaking about the consequences of war for the sector, the Deputy Minister said that, according to the estimates of the World Bank and experts of the Institute of International Economics, the cost of destroyed, stolen, damaged property in the agricultural sector is $8 billion. With the rest of the indirect losses – lost profits, unfulfilled contracts – the total damage from military action reaches 40 billion UAH.

“If perennial plantations are destroyed, it will take years to recover. After the human losses such losses are the most painful for us and for the industry”, – he stressed.

In addition, M. Dmitrasevich recalled the possibility of attracting state grant program for the establishment of new vineyards.

The head of the public association “Ukrsadvinprom” Volodymyr Pechko noted that in 2021 in Ukraine officially there were about 266 industrial producers of grapes and wine, 125 winegrowing enterprises, 29 small producers of grapes and wine products.

“About the figures, to process each hectare involved 33 employees on a permanent basis, each enterprise employed an average of 250 people. Thus, the employment rate in viticulture and horticulture in Ukraine is one of the highest compared to other industries,” stressed the industry representative.

Pechko also thanked the Ministry of Agrarian Policy for implementing an industry support program and providing grants to winemakers in both 2021 and 2022.

“The state’s support of planting vineyards even in this difficult time will allow not only to preserve the industry in the future, but also to expand vineyard planting areas,” he said.

According to the moderator of the press conference and the deputy head of the public association “Ukrsadvinprom” Maxim Urakin, in the current realities it is extremely important to extend the status of winemaking to all regions of Ukraine.

“Granting the status of winemaking regions to all regions of Ukraine without exception is especially relevant in connection with the displacement of viticulture in the central and western regions of the country, where dozens of winemakers are already working effectively; the status of winemaking region will allow winemakers to claim assistance, technology, benefits,” – said Urakin.

According to the deputy head of “Ukrsadvinprom” on international relations Natalia Burlachenko, the main purpose of the renewal of membership in the IOVV is the popularization of the Ukrainian product.

“First of all, we want to show what heights and quality Ukraine has achieved, despite the realities in which we live. This is an important platform to sound to the world. It is an opportunity not only virtually but also offline to communicate with foreign colleagues and show that Ukrainian wine exists, exists and will become more competitive in the future,” she said.

Ricardo Nuñez, owner of the Vinos de La Luz wine company and investor in Ukrainian winemaking, stressed that Ukraine needs a state program for the development of winemaking to bring the industry to a new level of development after the war.

“In February 2022 the dynamic development of the wine industry in Ukraine came to a halt. Many Ukrainians, including those involved in winemaking, left their homes. But they will return with the knowledge and experience gained outside the country. They must be prepared for new opportunities”, the winemaker said.

Ricardo Nunez presented the novelty of the season – a red dry wine Big Wines Big Art, which was produced from the grapes of Odessa black vintage 2020 grown in the Rhenia district of the Odessa region. The first batch of 1,000 bottles was produced at the facility in the Kyiv region. A well-known artist Ivan Marchuk was involved in the work on the new Ukrainian wine, who provided his painting “Awakening” symbolizing the revival of Ukrainian winemaking after the war, said Ricardo Nuñez.

Speaking about the future recovery of the industry the winemaker reminded that development always begins with the emergence of many small producers who become the basis for the creation of large enterprises.

“I am the first investor in the winegrowing and winemaking industry in Ukraine during the war. I am working on wine production right now. My task is to teach Ukrainians to drink their own wine. Then the country will have a great and great industry,” he said.

Representatives of Ukrsadvinprom handed over the flag of the International Organization of Vine and Wine Making to the Ministry of Agrarian Policy of Ukraine.

The International Organization of Vine and Wine (IOVV) is the successor of the International Bureau of Vine and Wine, which existed from 1924 to 2001 and today unites 49 countries. It is this organization that develops the standards of world winemaking. IOVW consists of four committees – viticulture, enology, economics and law, safety and health. Ukraine will be represented in the international organization by a delegation, which consists of representatives of the Ministry of Agrarian Policy, the Institute of Viticulture and Winemaking named after Tarov. Ukraine will be represented by a delegation consisting of representatives of the Ministry of Agrarian Policy and the Winemaking Institute named after Tairov, members of “Ukrsadvynprom”.

The Vinos de La Luz Group has wineries in Old and New World wine-growing regions, in particular, in Spain, Italy, Argentina and the USA, where it produces wines under the Vinos de La Luz brand.

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