Business news from Ukraine

KYIV SCHOOL OF ECONOMICS: DAMAGE TO UKRAINE’S INFRASTRUCTURE FROM RUSSIA’S MILITARY ACTIONS ALREADY EXCEEDS $80 BILLION

As of April 11, 2022, the KSE Institute estimated damage to Ukraine’s infrastructure from the war in the country at $80.4 billion, or UAH 2.4 trillion, while over the past week, the estimate of losses increased by $12.2 billion, according to a press release. analytical division of the Kiev School of Economics (KSE) KSE Institute.
“Over the past week, direct losses to the Ukrainian economy due to destruction and damage to civilian and military infrastructure, documented in public sources, have increased by $12.2 billion. As of April 11, the total amount of direct documented damage to infrastructure, based on public sources alone, has already reached $80.4 billion, or UAH 2.4 trillion,” the KSE Institute said, referring to data analysis within the framework of the Russia will pay project.
Most of all, the growth in the cost of infrastructure damage increased over the past week due to the destruction of residential real estate, including due to clarifications of previous destructions, analysts said. Also, the assessment of the damage caused by the loss of assets of enterprises has also increased.
In general, according to the general estimates of the Ministry of Economy and KSE, the losses of the economy due to the war, taking into account the direct losses calculated in this project, as well as indirect losses, such as a decrease in GDP, a halt in investment and an outflow of labor, range from $564 billion to $600 billion .
According to the release, during the 47 days of Russian aggression in Ukraine, at least 23,000 km of roads, 37,000 sq. m of housing stock, 319 kindergartens, 546 educational institutions, 205 medical institutions, 145 factories and enterprises. In addition, at least 54 administrative buildings, 277 bridges and bridge crossings, 10 military airfields, eight airports and two ports were damaged during the war. Also as of April 8, at least 74 religious buildings and 62 other cultural buildings have been damaged, destroyed or seized.
As reported, the Office of the President, the Ministry of Economics and the analytical center at the Kiev School of Economics KSE Institute launched the project “Russia will pay” – a portal to collect information about the destroyed objects in the country as a result of Russia’s full-scale war against Ukraine.
On a special website https://damaged.in.ua/ you can provide information about the damage caused as a result of the war against Ukraine. In the future, this information will be used by the Ukrainian government as evidence in international courts to compensate Russia for the damage caused.

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KYIV SCHOOL OF ECONOMICS RAISES ESTIMATE OF DAMAGE TO UKRAINE’S INFRASTRUCTURE FROM RUSSIAN AGGRESSION

As of April 1, 2022, the KSE Institute estimated the damage to Ukraine’s infrastructure from the war in the country at $68.2 billion, or almost UAH 2 trillion, while over the past week the estimate of losses increased by $5 billion, according to a press release of the analytical division of the Kyiv School of Economics (KSE), KSE Institute.
“Over the week, the damage caused to Ukraine’s infrastructure during the war waged by Russia has increased by more than $5 billion. As of April 1, the total amount of damages is $68.2 billion,” the KSE said, referring to the Russia Will Pay project.
“Since the beginning of Russia’s military aggression on February 24, at least 533 institutions of secondary and higher education, 300 kindergartens, 196 healthcare institutions, 129 factories/warehouses are destroyed or damaged. The Ministry for Communities and Territories Development estimates that 6,800 residential buildings were damaged or destroyed. According to the KSE Institute, the total amount of damaged/destroyed residential real estate is about 26 million square meters,” the report says.
“In addition, 54 administration buildings, 260 bridges and bridge crossings, 10 military airfields, 8 airports, 2 ports were damaged by the war. During full-scale Russia’s invasion, the occupiers caused damage to Ukraine, destroying or damaging 64 religious buildings and 51 cultural objects,” it reads.
As reported, the Office of the President, the Ministry of Economy and the analytical center at the Kyiv School of Economics, KSE Institute, launched the Russia Will Pay project, a portal to collect information about the destroyed objects in the country as a result of Russia’s full-scale war against Ukraine.
On the special website https://damaged.in.ua/ you can provide information about the damage caused as a result of the war against Ukraine. In the future, this information will be used by the Ukrainian government as evidence in international courts for compensation by Russia for the damage caused.

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DAMAGE TO UKRAINE’S INFRASTRUCTURE FROM WAR ALREADY AMOUNTS TO $63 BILLION – KYIV SCHOOL OF ECONOMICS

As of March 24, 2022, the KSE Institute estimated damage to Ukraine’s infrastructure from the war in the country at $62.9 billion, or UAH 1.8 trillion, while its analysts increased the amount by $3.5 billion over the past week, according to a press release. release of the analytical division of the Kiev School of Economics KSE Institute.
“Compared to the data released on March 17, taking into account the new received more accurate data on damage (as a result of which certain items of losses were revised downward), the net increase (in damages) was $ 3.5 billion,” according to the KSE Institute. on Friday, citing data analysis from the Russia Will Pay project.
Analysts estimate that since the beginning of Russia’s full-scale invasion of Ukraine on February 24, the occupiers have damaged, destroyed or seized at least 4,431 residential buildings, 92 factories or businesses, 378 educational institutions, 138 healthcare facilities, eight civilian airports and 10 military airfields, seven TPP and HPP.
At the same time, over the course of a week, analysts received more detailed data from the Ministry of Infrastructure on the destruction of infrastructure facilities, on the basis of which, in a number of areas – railway infrastructure, bridges and bridge crossings, civil airports – the damage assessment was reduced.

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DECLINE IN CORONAVIRUS SLOWING DOWN IN UKRAINE

The decline in the incidence of the coronavirus (COVID-19) disease in Ukraine is slowing down, but there is currently no high risk of an increase, experts from Kyiv School of Economics (KSE) have said.
“The situation with the incidence in Ukraine continues to decline in terms of the number of detected cases. At the same time, the decline rate is slowing down,” Head of KSE Center for Health Economics Yuriy Hanychenko said during an online presentation of an analysis of the situation with the spread of COVID-19.
At the same time, he said that an outbreak of the disease in the country is possible in July-August – everything will depend on how the situation with the spread of the British, South African and Indian strains of the virus will develop in Ukraine.
“However, in the next week or two, we do not expect a significant increase in the incidence,” Hanychenko said.
According to him, the average daily number of deaths in Ukraine continues to decline and amounts to 31 deaths per day.
“The number of hospitalizations has stopped declining and reached a plateau. This may be the result of a long weekend. At the same time, discharges continue to exceed hospitalizations by more than 1.5 times. The number of patients with COVID-19 is reduced by 20% per week. This week, there was an increase in the level of hospitalizations in Luhansk region by over 60%, but this growth was technical,” Hanychenko said.
At the same time, he noted that three regions need to increase the number of tests.
“In Kyiv, Luhansk and Khmelnytsky regions, the level of testing is falling. It is very dangerous due to the fact that the Delta strain was detected in Ukraine last week. In Kyiv and Luhansk regions, along with the reduction in testing, the detection rate is growing,” Hanychenko said.
KSE said that Ukraine needs to triple the pace of vaccination in order to reach the European level.
“The pace of vaccination in Ukraine is increasing – by a third over the past week. Thanks to this, the lag behind the average European pace of vaccination has decreased, but it still remains high [by three times]. Ukraine needs to triple the pace, there is a vaccine for this,” Hanychenko said.
He said that currently in Ukraine about 62,000 people are vaccinated on average per day. To vaccinate 70% of the population of Ukraine, it is necessary to vaccinate more than 225,000 people daily.

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FARMAK TO ALLOCATE $ 500,000 FOR DEVELOPMENT OF KSE

Farmak pharmaceutical company, within the framework of a strategic partnership with the Kyiv School of Economics (KSE), will allocate $ 500,000 for the development of KSE.
According to a press release from the pharmaceutical company, in particular, the funds will be used to equip a new campus, as well as to strengthen existing and launch new educational areas, including training bachelors.
“By supporting such projects, we are contributing to the achievement of the Global Sustainable Development Goals, one of the tasks of which is to improve the quality of higher education and ensure its close connection with science,” Executive Director of Farmak Volodymyr Kostiuk said.
The press release notes that Farmak supports not only KSE, but also other educational initiatives, including the Minor Academy of Sciences, publishes books about Ukrainian scientists. The company’s own scientific potential (150 scientists, 42 candidates of sciences, five doctors of sciences and an innovative R&D complex) allows providing a high level of academic expertise.
“The decision of Farmak company testifies that Ukrainian business is entering a new level of corporate social responsibility, and this should become an example for others. Thanks to the support of companies such as Farmak, we are preparing the ground for a strong and innovative Ukrainian economy,” President of KSE Tymofiy Mylovanov said.
Farmak is the leader of the Ukrainian pharmaceutical market, produces medicines in all 14 therapeutic groups. Annually it introduces to the market about 20 new complex component modern drugs. Currently, there are about 100 drugs in development. It exports products to more than 25 countries around the world.

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FARMAK TO GRANT $500,000 FOR DEVELOPMENT OF KYIV SCHOOL OF ECONOMICS

Farmak pharmaceutical company, within the framework of a strategic partnership with the Kyiv School of Economics (KSE), will allocate $ 500,000 for the development of KSE.
According to a press release from the pharmaceutical company, in particular, the funds will be used to equip a new campus, as well as to strengthen existing and launch new educational areas, including training bachelors.
“By supporting such projects, we are contributing to the achievement of the Global Sustainable Development Goals, one of the tasks of which is to improve the quality of higher education and ensure its close connection with science,” Executive Director of Farmak Volodymyr Kostiuk said.
The press release notes that Farmak supports not only KSE, but also other educational initiatives, including the Minor Academy of Sciences, publishes books about Ukrainian scientists. The company’s own scientific potential (150 scientists, 42 candidates of sciences, five doctors of sciences and an innovative R&D complex) allows providing a high level of academic expertise.
“The decision of Farmak company testifies that Ukrainian business is entering a new level of corporate social responsibility, and this should become an example for others. Thanks to the support of companies such as Farmak, we are preparing the ground for a strong and innovative Ukrainian economy,” President of KSE Tymofiy Mylovanov said.
Farmak is the leader of the Ukrainian pharmaceutical market, produces medicines in all 14 therapeutic groups. Annually it introduces to the market about 20 new complex component modern drugs. Currently, there are about 100 drugs in development. It exports products to more than 25 countries around the world.

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