Business news from Ukraine

Business news from Ukraine

Germany to allocate more than EUR 7 million to help Ukraine find war missing – embassy

Germany is providing EUR7.6 million to the International Commission on Missing Persons project to help Ukraine find those missing as a result of Russia’s invasion of Ukraine, the German embassy in Ukraine said.
“Germany is providing EUR7.6 million to the International Commission on Missing Persons project to help Ukraine find those missing as a result of Russia’s invasion of Ukraine. Training for Ukrainian forensic experts and investigators is also planned,” the embassy said in a Twitter post Tuesday.Germany to allocate more than EUR 7 million to help Ukraine find war missing – embassy

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Inflation in Germany broke records in October

Consumer prices in Germany, harmonized with EU standards, rose by 11.6% in annual terms in October, according to preliminary data from the country’s Federal Statistical Office (Destatis).
Inflation accelerated from 10.9% in September and again renewed its historical maximum.
Analysts polled by Trading Economics expected inflation to remain at 10.9% on average.
Consumer price growth slowed to 1.1% month-on-month from 2.2% in September. Experts on average predicted an increase of 0.5%.
Inflation, calculated by German standards, in October accelerated to 10.4% in annual terms – the highest since December 1951, compared with 10% a month earlier. On a monthly basis, it slowed down to 0.9% from 1.9%.
Inflation in Germany is fueled by a weaker euro, an energy crisis and ongoing problems in supply chains.
Energy prices in the country rose by 43% in October, food prices rose by 20.3%, and the cost of services increased by 4%.
The final data on inflation in Germany for October will be published on November 11th.

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Germany handed over 14 generators to Ukraine

Germany handed over 14 generators of various capacities to units of the State Emergency Service of Ukraine, the press service of the German Embassy in Ukraine reports.

“14 generators of different capacities for the units of the State Emergency Service in Donetsk, Kyiv, Lugansk, Chernihiv and Cherkasy regions are already in Ukraine,” the message on Facebook says.

It is noted that the delivery was provided by the Federal Agency for Technical Assistance (THW) with the financial support of the German Ministry of Foreign Affairs.

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Germany is ready to host a conference on restoration of Ukraine

Germany reaffirms its readiness to support Ukraine for as long as necessary, and is ready to hold an annual conference on the reconstruction of the country in 2024, Chancellor Olaf Scholz said.
“Our goal is a peaceful Ukraine that will live in prosperity,” he said at the conclusion of the International Expert Conference on the Reconstruction of Ukraine in Berlin on Tuesday.
Scholz recalled that the URC was hosted by Swiss Lugano in 2022 (and Lithuanian Vilnius in 2021), and next year it will be held in the UK.
The Prime Minister of Japan, who will take over the G7 presidency next year, Fumio Kishida, in his video address to the conference in Berlin, stressed that Ukraine will remain in the spotlight, and Japan will make efforts to set the framework for a transparent and fair process of rebuilding the country based on desires. and aspirations of its people.
Also, the President of this country, Joko Widodo, announced the important position of Ukraine on the agenda of the upcoming G20 summit in Indonesia in November. According to him, the highest priority is diplomacy for the sake of peace and the end of the war.
The head of Indonesia called for a constructive dialogue for the sake of peace at the upcoming summit, including the parties “standing on different sides”, at the same time recalling the military assistance allocated to Ukraine and the commitments made by Jakarta to restore Ukrainian hospitals.

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Germany introduces a surcharge for tourists for electricity

The energy crisis and inflation are creating serious problems for restaurants and hotels in Germany, to reduce increased costs, entrepreneurs are introducing additional fees for electricity and heating, according to Redaktions Netzwerk Deutschland (RND).
“Rising energy costs are making it difficult for the hospitality industry. Some hotels expect to spend an additional €200,000 on heat and electricity every year. To cover these costs, more hotels and restaurants are introducing a flat energy rate of €3.9 per night. This is intended to offset at least some of the extra costs.
As the portal notes, one of these hotels is the five-star Bareiss in Bairsbronn in Baden-Württemberg. From September, the hotel charges 9 euros more per person per night, and also reserves the right to raise the rate further.
According to hoteliers, accommodations are heavily dependent on gas and electricity, so energy costs are rising exponentially. In addition, the business began to spend more on the salaries of employees.
In turn, at The Hearts Hotel boutique hotel in the Braunlage resort in Lower Saxony, each guest currently pays an additional 3 euros per day for electricity.
According to forecasts by the chairman of the German Association of Hotels and Restaurants (Dehoga) Axel Strehl, a similar problem will affect about 10% of accommodation in Germany.
According to RND, a similar situation is developing in restaurants in Germany. So, each visitor to the Zum Grünen Hof restaurant near Bremen must pay an additional 1.5 euros. At the same time, according to the owner, the visitors supported the businessman and are ready to pay even more if it helps to keep the establishment running.

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Germany plans to train 5 thousand Ukrainian military

The command of the armed forces of Germany, as part of the planned EU mission to train Ukrainian military personnel, intends to accept 5,000 Ukrainian military personnel for training, Ntv reported on Sunday.
According to the channel, recruits will participate in basic training as part of the EU mission, while more experienced soldiers will receive special training. In particular, in the Bundeswehr, the Ukrainian military will be trained in the use of the Iris-T air defense system, the first installation of which, according to German media, Berlin has already transferred to Kyiv.
In total, the EU mission plans to train 15,000 Ukrainian military personnel.
German Foreign Minister Annalena Berbock said that at the moment she considers it more important to supply Ukraine with air defense systems, rather than tanks.
Earlier, a senior European official told reporters on condition of anonymity that a decision on the EU mission to train Ukrainian military personnel is expected to be made at a meeting of the EU Foreign Affairs Council on Monday in Luxembourg. According to him, the EU is preparing a mission, which should start functioning in mid-November. “We will train 12 thousand people and another 2.8 thousand will receive specialized training,” the official said.
The two-year mission mandate trainees will include both new recruits and experienced military personnel. There is a need for basic training and special training, the official explained.

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