More than half of the bankrupts are Ukrainians aged 25 to 45
651 bankruptcy cases are currently open, according to the Supreme Court of Ukraine. The number of cases has almost doubled in the last 4 months of this year. The largest number of bankrupts is in Kyiv and its region and in Dnipropetrovs’k region. 64% of bankrupts are people aged 25 to 45.
651 bankruptcy cases have been opened in Ukraine this year. The number of cases has almost doubled since the beginning of summer.
So far, more bankruptcy cases have been opened against Ukrainians than in the whole of last year: 575 such cases were considered then.
Most often, people aged 25 to 45 apply to be declared insolvent – 64.1% of bankrupts. Another 28.7% are over 45 years old.
51% of bankrupts are women, and another 48% are men.
Most bankrupts are in the capital: 95 cases or 15% of the total number. Kyiv region follows with 58 or 9%. Dnipropetrovs’k region closes the top with 53 cases, which is 8% of the total.
Denys Lykhopiok, Insolvency Receiver, believes that the current dynamics is most likely a “pent-up demand” rather than a rapid growth caused by any one factor.
“It should be understood that at the beginning of the full-scale war, people did not have time to deal with debts – they were prioritizing survival.
At the same time, there was a moratorium on the collection of most debts in enforcement proceedings for more than a year. Even after the moratorium was lifted, private and public bailiffs reminded debtors of their obligations. This may have been the driving force that prompted people to seek a solution to their debts through insolvency proceedings.
In addition, Ukraine is already developing a positive judicial practice in bankruptcy matters,” comments Denys Lykhopiok, attorney at law, insolvency officer, member of the Qualification Commission of Insolvency Officers, and bankruptcy specialist.
Context.
The Verkhovna Rada allowed citizens to become bankrupt back in October 2018. The procedure became fully operational in 2019. Since then, a person in a difficult financial situation can initiate bankruptcy and, after going through the entire procedure, get rid of debts.
https://opendatabot.ua/analytics/people-bankrupts-2024-10
This week prices for apples in Ukraine have resumed their growth, according to analysts of the EastFruit project. According to the producers themselves, the next increase in prices in this segment is due to a reduction in the supply of apples of winter varieties in the domestic market. At the same time, the demand from buyers remains quite high, which stimulates the rise in price of these products in the Ukrainian market.
To date, apples are offered for sale in the range of UAH 17-25/kg ($0.41-0.61/kg), depending on the variety, quality and volume of the offered batch, which is on average 13% more expensive than at the end of last week. Current prices for apples in Ukraine are still the highest at least for the last 7 years of monitoring!
At the same time, the supply of quality apples on the market is rather limited, as many producers prefer not to hurry with sales, and the entire volume of winter apples is put in storage in the hope of more intensive price growth in this segment both on the domestic market and higher prices on the part of exporting companies.
Read also: The growth of prices for cucumbers in Ukraine continues – 26% since the beginning of the week
As a result, already today apples in Ukraine cost buyers on average 54% more expensive than in the same period last year. At the same time, market operators note that the price growth did not contribute to the decrease in demand for apples, therefore they do not exclude that next week sellers will make attempts to revise prices in this segment once again.
More detailed information about the development of the market of apples and other fruit and vegetable products in Ukraine you can get by subscribing to the operative analytical weekly – EastFruit Ukraine Weekly Pro. Detailed product information is available here.
https://east-fruit.com/novosti/tseny-na-yabloki-v-ukraine-ustanovili-novye-rekordy/
The IMF Board of Directors on Friday completed the fifth review of Ukraine’s EFF Extended Fund Facility (EFF) program, allowing Ukraine to receive about $1.1 billion (SDR834.9 million) of the 6th tranche, which will be used for budget support.
“Despite the challenging environment, Ukraine’s economy remains resilient and EFF performance remains strong. As of end-June, the authorities had met all quantitative performance criteria and achieved the four structural beacons,” the Fund said in a press release on its website.
After the discussion, IMF Managing Director Kristalina Georgieva said that the total external financing under the 4-year program is raised from $122 billion to $151 billion in the base case and from $144 billion to $187 billion in the negative case due to new commitments under the G7 initiative to allocate $50 billion to Ukraine from the proceeds on frozen Russian assets (“Emergency Loans to Accelerate Ukraine’s Revenue Growth”, ERA).
It is stated that sustainable reforms, mobilization of domestic revenues and timely provision of external support are necessary to ensure macroeconomic stability, restore fiscal and debt sustainability and enhance institutional reforms.
It is specified that the structural beacons related to the abolition of tax exemptions, war-affected state-owned companies, customs reform and public investment management have been implemented, while the implementation of two structural beacons has been postponed to allow more time to complete the reform.
The IMF noted that the economy has been more resilient than expected in the first half of 2024, thanks to continued growth, moderate inflation, and adequate reserves backed by significant external support. However, the outlook for the rest of the year and 2025 has deteriorated since the fourth review, mainly due to prolonged Russian attacks on Ukraine’s energy infrastructure and uncertainty over the war.
“Overall, the outlook remains exceptionally uncertain,” the Fund emphasized.
Georgieva said that all quantitative performance criteria are expected to be met at the end of September as well.
On October 17, 2024, a solemn diplomatic reception was held in Kyiv, organized by the Embassy of the Republic of Indonesia in Ukraine on the occasion of the 79th anniversary of the country’s independence. The event was attended by numerous diplomats, government officials and distinguished guests, including Deputy Minister for Foreign Affairs of Ukraine Yevhen Perebyinis.
In his speech, the Ambassador of Indonesia to Ukraine, Mr. Arief Muhammad Basalamah, thanked the Ukrainian partners for their support and expressed his deep conviction in the importance of further development of bilateral relations between the two countries.
“We deeply value our friendship with Ukraine, which has been developing for over three decades. The importance of our diplomatic ties is emphasized by the growth of bilateral trade, which reached 443.2 million US dollars in the first eight months of 2024,” the ambassador said.
He also emphasized the symbolic significance of celebrating Indonesia’s Independence Day in Kyiv, which underscores our common commitment to freedom and peace. According to the Ambassador, the Republic of Indonesia, which unites more than 17 thousand islands, is an example of unity in diversity, which resonates with Ukrainian values.
The Ambassador paid special attention to the achievements of Indonesia under President Joko Widodo, emphasizing infrastructure reforms and economic achievements of the country.
“President Widodo has begun the transformation of Indonesia, in particular through large-scale infrastructure projects, including the construction of new roads, bridges, and airports. These efforts ensure the long-term development of our economy and facilitate its integration into global markets,” he emphasized.
Mr. Basalama also focused on the country’s digital transformation strategy: According to him, Indonesia’s digital economy is developing rapidly, opening up new opportunities for innovation and entrepreneurship. The country is committed to building a knowledge economy that will allow our nation to remain competitive in the global world.
The ambassador also touched upon the issue of the new capital of Indonesia – Ibu Kota Nusantara (IKN), which is being built in the province of East Kalimantan. The IKN project is a response to the challenges of the future. The new capital symbolizes the Indonesian people’s desire for sustainable development and decentralization, and will become a model of a “green city” based on the principles of sustainable development.
In addition to economic and infrastructure projects, the ambassador noted cultural and educational initiatives that deepen ties between the two countries. He emphasized the importance of cooperation in education and culture.
“Our exhibition “Indonesia through the Lens” in Lviv and Ukrainian universities, as well as the signing of a memorandum of cooperation between universities, testify to our common goal of strengthening mutual understanding between our peoples,” Arif Muhammad Basalama emphasized.
Indonesia recognized Ukraine’s independence on December 28, 1991, and diplomatic relations between Ukraine and Indonesia were established on June 11, 1992.
Arif Muhammad Basalama, Embassy of Indonesia, INDONESIA, UKRAINE
Ukraine defeated Georgia 1-0 and secured their first win in the Nations League soccer draw, Suspilnoe Sport reported on Friday night.
Despite the first victory, Ukraine continues to go in last place in the Nations League group, behind Albania in head-to-head meetings: 1. Georgia – 6 points (3 matches), 5:2 (goal difference); 2. Czech Republic – 6 points (3), 6:6; 3. Albania – 3 (3), 2:4; 4. Ukraine – 3 (3), 4:5.
It is reported that the next match Ukraine will play against the Czech Republic on Monday, October 14.
Turkey has allocated Ukraine the last package of 1 thousand licenses for transportation to / from third countries in accordance with the agreement reached at the end of 2023, said the Deputy Minister of development of communities, territories and infrastructure Sergiy Derkach.
“Plus 1 thousand permits from Turkey for transportation to/from third countries. Ukrainian carriers can continue to perform transportation to / from third countries with Turkey. The corresponding forms of permits are already in “Ukrtransbezpek” and are available for ordering,” Derkach wrote on Facebook on Wednesday.
According to him, the permits were issued in accordance with the agreement that was reached at the end of 2023, which will allow to close the need before the end of the year.”
“I will remind you that earlier this year, for the first time since 2018, we managed to agree with Turkey to increase the number of such permits by 40% – up to 3,500,” Derkach wrote, indicating that the market has already used 2,500 permits.
The Deputy Minister recalled that bilateral and transit traffic between Ukraine and Turkey do not require permits, as freight traffic between the countries is liberalized. “Visa-free” will be valid at least until the end of martial law.
