The level of wages in 2024 plans to increase 72% of surveyed companies, almost the same number of companies (74%) feel the shortage of staff, these are the results of a study of the labor market in Ukraine from the European Business Association (EBA).
According to the published data, 39% intend to increase wages by 11-15%, and 28% – by 6-10%, while plans to increase it by 16-20% – reported 13%, and above 21% – 2%.
It is also specified that the shortage of personnel has significantly increased since the fall survey, when 55% of respondents complained about it, while today only 7% of respondents do not feel it at all, while 17% feel it partially.
Within the survey, 79% of respondents reported a salary increase in 2023, 46% reported an increase in functionality and hiring new employees, and 36% reported an increase in budgets for staff development, training and maintenance.
In addition, 27% informed about increasing bonuses and bonus payments, while 10% of respondents reported staff reductions.
As for 2024, survey participants noted that companies are planning to increase salary levels (72% of respondents), increase training and development budgets (39%), increase the number of employees (35%), and enter other markets and find new partners (32%).
54% of survey participants indicated that their companies offer the opportunity to work remotely, but not for all categories of workers. 28% of respondents indicated that remote working is possible for all workers and only 17% reported that it is impossible to work remotely.
“Accordingly, there is a gradual dynamic of workers returning to offices. For comparison, in January 2023, only 4% of companies did not have the possibility of working remotely,” states the EBA.
The association also added that 52% of respondents have employees abroad, but their share does not exceed 5% of the total staff of the company, while 19% of respondents have 6-10% of employees abroad.
It is noted that 32% of respondents have all employees of the company now live and work in Ukraine, which is higher than in previous periods. At the same time, some companies use formats of temporary contracts abroad, upon completion of which employees can return to Ukraine.
Poland, Germany, Czech Republic, Romania, Great Britain, Spain, Israel, Netherlands, Slovenia, Austria, Norway, Belgium, USA, Switzerland, Canada, Latvia, Italy, Luxembourg were named among the countries where most of the companies’ employees live.
It is emphasized that 41% of respondents do not plan to return workers to the office in the near future, 12% said that the company plans to return all workers to the office in the near future, and 20% of respondents said that the company plans to return not all categories of workers.
To tear away vacancies in companies, 67% of survey participants intend to do so, with 48% of respondents not planning to change the number of employees in 2024, and 26% will increase staffing by ≥5%.
Also, 7% said that the number of employees will increase by 6-10% and 5% of respondents wrote that their companies plan to reduce the number of employees.
109 HR professionals (49% department heads, 24% middle managers, 26% top management, 3% junior staff) participated in the study, it lasted from February to April 2024 and covered the period August 2023 – April 2024.
More than 60% of the participants in this study will represent international businesses. 50% of companies are from large businesses, 43% from medium-sized businesses and 7% from small businesses.
The European Bank for Reconstruction and Development (EBRD) has appointed Arvid Türkner, who has held a similar position in Turkey since November 2017, as its new Managing Director for Ukraine and Moldova from May 1, 2024, the bank said in a press release on Wednesday.
“Ukraine is a priority area for EBRD investments, with EUR4.1 billion sent there during the wartime period. Türkner will replace Matteo Patrone, who after five years of work (in Ukraine) will hold the position of EBRD vice president for the banking sector,” the release stated.
The EBRD notes that future wartime and reconstruction investments in Ukraine will be underpinned by the EUR4bn paid-up capital increase approved by shareholders late last year.
“Arvid Türkner’s outstanding performance in his previous role in Turkey gives us great confidence that this vital portfolio is in safe hands,” the statement quotes EBRD First Vice President Jürgen Rigterink as saying.
It is indicated that Türkner will oversee the development of the EBRD’s program for Ukraine, focusing on five wartime investment themes: support for energy security, vital infrastructure, food security, trade and the private sector, as well as political dialogue to help Ukraine and Moldova move towards EU membership.
It is reported that Türkner, a German national, joined the EBRD in January 2009 from the German development bank DEG as a senior banker in the financial institutions group in Moscow. In October 2013, he was promoted to regional development director and deputy head of the Moscow office, and became head of the office in April 2015.
After moving to London in early 2017 as director of corporate debt, Turkner was appointed to his current role as managing director in Turkey in November 2017, where he successfully led the bank’s crisis response to the devaluation of the lira in 2018. Under his leadership and despite recurring macroeconomic volatility, the bank’s business in Turkey has continued to grow significantly: the portfolio is currently valued at EUR7.5bn, with 246 active projects and EUR5.8bn of operating assets. In 2023 alone, the bank signed 48 projects worth EUR2.48bn.
The Danish government has decided to allocate additional EUR380m for the reconstruction of Ukraine’s infrastructure and construction of wind farms, Danish Business Minister Morten Bedskou said at a meeting with Ukrainian President Volodymyr Zelensky in Kiev.
According to the press service of the President, during the meeting, the Danish Minister of Entrepreneurship noted the opportunities for strengthening cooperation between the countries and informed about the decision of his government to allocate additional funding for the Ukrainian mechanism of the Danish Export and Investment Fund.
As noted, this mechanism fully covers the risks of Danish exporters and investors, as well as provides financing to Ukrainian private companies and state institutions.
For him, the Danish government will allocate almost EUR380 million more for the restoration of critical infrastructure and construction of wind farms.
At the meeting, Zelensky and Bedskou paid special attention to the prospects of expanding Danish business and attracting new investments in Ukraine.
In turn, the President of Ukraine emphasized the importance of the fact that the Minister of Entrepreneurship of Denmark during his visit to Kiev is accompanied by the heads of Danish companies – the largest investors in the economy of Ukraine.
“Your activity in the Ukrainian market is striking. With your investments you set an example for other partners and investors”, – emphasized Zelensky.
As reported, during the recent visit of the First Lady of Ukraine Olena Zelenska to Denmark, she asked Danish partners for additional funding for the Danish Export and Investment Fund, the funds from which come to help Ukraine.
DENMARK, INFRASTRUCTURE, Morten Bedskow, RECONSTRUCTION, UKRAINE
On April 22, Ukraine State Aviation Enterprise (Boryspil, Kyiv region) announced a tender for insurance of the liability of the operator of a commercial civil aircraft for damage caused to third parties and the liability of the air carrier for damage caused to passengers and baggage; aircraft insurance.
According to a posting in the Prozorro electronic public procurement system, the tender was announced for insurance of aircraft crew members, other aviation personnel and persons who have the right to be on board the aircraft legally without purchasing tickets.
The expected value of the insurance procurement is UAH 26.674 million.
The amount of the contract performance security is 5% of the value of the procurement contract, in monetary terms, in UAH.
The deadline for submitting bids is April 30.
Ukraine State Aviation Enterprise was established to organize, provide and perform special air transportation of high-ranking official delegations of Ukraine and other states within the country and abroad in compliance with the requirements and rules set forth in the relevant regulatory documents.
Aviation Enterprise, BUDGET, risk insurance, TENDER, UKRAINE
British Prime Minister Rishi Sunak will travel to Poland on Tuesday, April 23, to announce a massive increase in military support for Ukraine, specifically £500 million of additional military funding, according to the British government’s website.
According to the release, Sunak will meet with Polish Prime Minister Donald Tusk to discuss deepening British-Polish relations. The two sides will also hold talks with NATO Secretary General Jens Stoltenberg in Warsaw on European security and support for Ukraine. The British prime minister will then travel to Germany to meet Chancellor Olaf Scholz in Berlin.
“Ukraine faces an existential threat as Russia continues its barbaric invasion, risking the security and stability of the whole of Europe,” the statement said.
The additional funding of £500 million is being used to quickly deliver urgently needed ammunition, air defense, drones and engineering support. The drones will be procured from the UK.
The UK Ministry of Defense will send Ukraine a package of equipment designed to repel a Russian invasion on land, sea and air. The aid package contains 60 boats, including raid and dive boats and naval guns, more than 1,600 strike and anti-air missiles, as well as additional long-range Storm Shadow missiles, more than 400 pieces of equipment, including 160 Husky protected vehicles, 162 armored vehicles and 78 all-terrain vehicles, and nearly 4 million rounds of small arms ammunition.
“Protecting Ukraine from Russia’s brutal ambitions is vital to our security and to all of Europe. If Putin is allowed to succeed in this war of conquest, he will not stop at the Polish border… Ukraine’s armed forces continue to fight bravely but need our support – and need it Now today’s package will help ensure that Ukraine has everything it needs to fight Russia,” Sunak emphasized.
At the same time, UK Defense Secretary Grant Shapps said that “this record-breaking military aid package will give President Zelensky and his brave nation more of the tools they need to kick Putin out and restore peace and stability in Europe.”
“The UK was the first to provide NLAW missiles, the first to give modern tanks and the first to send long-range missiles. Now we are going even further. We will never let the world forget the existential battle Ukraine is fighting and with our continued support they will win,” said Shapps.
The Ukrainian travel industry responds to demand and changes to meet the needs of travelers. Thus, in all popular destinations, there are more opportunities for recreation with children, and the geography of departure points is expanding, both for bus and air tours. Join UP! tm tour operator has analyzed the main destinations and vacation formats that will be in demand this year.
Early start
Recent statistics show that tourists are more likely to start the summer season in the spring. Mostly we are talking about the Mediterranean countries: Turkey, Spain, Cyprus, and the Greek islands.
At this time, the weather in this region is almost summer-like – the average air temperature is +25°C and the water temperature is +19-20°C, and prices are lower and there are fewer tourists. Accordingly, tourists have a better chance of booking even the most popular hotels in high season and taking excursions that are already available in the spring months.
In addition, spring is a period of flowering, which makes the southern landscapes even more interesting. Another reason why traveling in spring is gradually becoming more popular is the rise in summer temperatures. Those who do not like excessive heat plan trips in April and May.
Leaders of queries
The list of the most popular vacation destinations remains unchanged – Turkey (from 8026 UAH*) and Egypt (from 17 281 UAH*). The countries differ in climate and nature, but are similar in their wide range of all-inclusive hotels. At the same time, both countries have a wide range of excursions, so even when returning to the resort, you can get new impressions again and again.
European resorts are also in great demand: Albania, Bulgaria, Greece, Cyprus, Spain, Montenegro, and Spain. The share of tourists choosing these countries is growing every year. At the same time, each country has its own specifics. For example, Albania (from 17,027 UAH*) has the cheapest all-inclusive format for its region, Cyprus (from 17,689 UAH*) has an active nightlife, which is why it is popular with young people, and Crete (from 10,292 UAH*) is popular for excursions and natural locations, Montenegro (from 16,008 UAH*) is more often traveled by those who like to travel around the country, and Spain (from 26,958 UAH*) is appreciated for its combination of urban recreation, beautiful landscapes and amusement parks for children.
Tunisia (from 18,585 UAH*) is also worth mentioning, as the demand for it has been growing steadily in recent years. If last year Join UP! tm offered tours to this resort only with departures from Romania and Poland, now trips are also available from popular airports in Poland and Moldova and even Lithuania.
Tunisia attracts with a combination of high service (the country has a large concentration of hotels of global chains), beautiful beaches and a rich excursion program covering the Sahara, Carthage and the town of Sidi Bou Said, which is known for its traditional architecture in blue and white colors and spectacular sea views.
Exotic destinations
Traveling to distant countries – from equatorial Africa to the islands in the Indian Ocean or the coast of North America – has always been a relatively small but stable segment of demand. The Dominican Republic, the Maldives, Mexico, Tanzania (Zanzibar), and Sri Lanka attract many people, but the price often remains a deterrent.
However, recently, some tourists have been booking trips to these countries in the summer, when it is the low season. Prices during this period are much lower, and it is also possible to get into hotels that are usually unavailable in winter due to a significant increase in the number of tourists.
The price of traveling in summer is different from the main season, because hotels in this season make a discount of 20% to 50%. Thus, you can fly to the Maldives for a week from 63,948 UAH* per person, to Zanzibar from 61,551 UAH* per person (7 nights in a hotel), to Sri Lanka from 58,244 UAH* per person (7 nights in a hotel), to the Dominican Republic from 86,225 UAH* per person (9 nights in a hotel).
Vacations with children
Women with children have been one of the most active categories of travelers in recent years. This has led to some changes in the market: now most destinations are adapted to accommodate families with children. This applies to suitable hotels with animation and amusement parks, as well as excursion programs.
Popular air tours to Turkey for two adults with a child start at 22,406 UAH*. A trip to Montenegro for a similar number of tourists will cost from 47,590 UAH*, and to the islands: from 27,998 UAH* in Crete (Greece) and from 47,899 UAH* in Cyprus. A trip for two adults with a child to the Maldives will cost from 187,291 UAH*.
There is also an option to travel by bus. Thus, a trip to Bulgaria for two adults with a child will cost from 17,865 UAH*. You can go there from Kharkiv, Zaporizhzhia, Lviv, and Kyiv. You can also travel to Turkey by bus: for two adults with a child, the trip will cost from 27,438 UAH*. Buses depart from Kharkiv, Zaporizhzhia, Odesa, and Kyiv. It is worth noting that the service on board the buses is expanding every season: the opportunity to pre-order meals, use online cinema services, and much more is added.
“Ukrainians have learned to coexist with the war as much as possible. Parents work, children study, and rest in the summer. In addition, for many people summer is the sea, and since such a vacation is almost impossible in Ukraine, we are seeing a positive trend in the demand for foreign travel,” comments Kateryna Artyukh, Head of Product Marketing at Join UP! tm. – Of course, we are still far from the indicators of 2021, but compared to the previous year, we expect an increase in bookings by 30%. Ukrainians need a reboot to stay strong for the long term, and traveling is one of the best opportunities to stay safe and get new experiences.”
* – all prices are quoted at the exchange rate as of 19.04.2024 per person, based on double occupancy.
JOIN UP!, TOURISM, travel industry, UKRAINE, vacation with children
