Business news from Ukraine

Wisconsin Ukrainians Inc. jointly with Experts Club and Nasha Lepta charity project hand over humanitarian aid for children of Kyiv region

According to Experts Club founder Maksim Urakin, the humanitarian situation that has developed in Ukraine now requires more effective interaction between volunteers and the diaspora in the United States.

“We need to develop ties with organizations such as Wisconsin Ukrainians, inform them about the requests for humanitarian supplies we have today and that will also be in the near future. This will allow us to provide more effective assistance to our people affected by the war,” he explained.

The Nasha Lepta project provides assistance to families of internally displaced persons, families with many children, children with cerebral palsy and autism, as well as children with serious illnesses and disabilities. It is created on the basis of the community of the Church of St. Nicholas the Wonderworker. The project website is http://nasha-lepta.com.ua/

The Experts Club is an analytical center that conducts research in the field of economics, sociology, healthy nutrition and other areas, as well as conducts educational activities. The YouTube channel of the project: https://www.youtube.com/c/Клубэкспертов.

Wisconsin Ukrainians Inc. is a Wisconsin-based non-profit humanitarian organization. Through the efforts of the organization, more than 61 tonnes of humanitarian and medical supplies were delivered to Ukraine for Ukrainian defenders and the population.

The organization website: https://www.wisconsinukrainians.org/

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Club of Experts releases video review of events that will take place in Ukraine and world from August 8 to August 14

On the YouTube channel “Club of Experts” another video was released with an analysis of the events that will take place in Ukraine and in the world in the near future.
The founder of the club of experts Maksim Urakin, together with the host Olga Levkun, analyzed the most important events in Ukraine and the world from August 8 to 14, 2022.
Among the Ukrainian events, several conferences and round tables were announced, dedicated, in particular, to doing business in a war, preparing for the heating season, developing vocational education and other topics. Also on Friday, a draft law implementing a common reporting standard in Ukraine will be presented.
Among world events, in addition to the war in Ukraine, a number of other conflicts have also entered a hot phase. Among them are the Palestinian-Israeli conflict in the Gaza Strip and the Armenian-Azerbaijani confrontation in Nagorno-Karabakh. In addition, China continues its military-political pressure on Taiwan in connection with the recent visit to the island of the Speaker of the House of Representatives of the US Congress Nancy Pelosi.
Next week, the introduction of new sanctions against coal imports from the Russian Federation by the EU and the UK is also expected.
Watch these and many other events in a new video on the Club of Experts channel at the link:

You can subscribe to the Expert Club channel here – https://www.youtube.com/channel/UC4plQ0XBaoLOKPIXrb1aMGQ

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Club of Experts analyzed main macroeconomic indicators of Ukraine and other countries – video

In its new video, the Expert Club YouTube channel reviewed the macroeconomic situation in Ukraine in the 6th month of the war, and also analyzed the July IMF report on the global economic outlook in 2022 and 2023.
As we wrote earlier, the state authorities of Ukraine have temporarily suspended the publication of most statistical information for the period of martial law and for three months from the moment it ends. The exception is the publication of data on the consumer price index, separate information on indicators of foreign trade in goods, etc.
Thus, from the data published by the State Employment Center, it follows that the number of registered unemployed in Ukraine is approximately at the level of last year, while the number of available vacancies has sharply decreased.
This, according to the founder of the Club of Experts Maksim Urakin, has led to the fact that now about 12-13 unemployed people apply for one vacancy.
“The estimate of the unemployment rate by the National Bank in the second quarter of 2022 is 35% according to the methodology of the International Labor Organization,” Maksim Urakin added.
In addition, according to Urakin, the current forecast for Ukraine’s GDP growth in 2023-2024, published by the National Bank, is based primarily on expectations of an increase in international support for Ukraine and the implementation of programs to restore war-damaged infrastructure.
On the situation in the global economy, the Club of Experts analyzed the report of the International Monetary Fund, published in July. In particular, there is a possible recession in the US economy. a slowdown in GDP growth in China and India, as well as a deterioration in the situation in the euro area, provoked by rising energy prices.
See this and much more in a new video on the YouTube channel “Experts Club” at the link:

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Club of Experts releases video review of events that will take place in Ukraine and world from August 1 to 7

As part of a new project to announce the events that should take place in the next seven days, a video material with an analysis of the planned events in Ukraine and in the world was released on the Expert Club YouTube channel.
In the new issue, the founder of the club of experts Maxim Urakin, together with the host Olga Levkun, analyzed the most important events in Ukraine and the world from August 1 to August 7, 2022.
In particular, a number of round tables, press conferences and seminars will be held in Ukraine on the development of the country’s economy in the post-war period, doing business on international marketing platforms, as well as the security of citizens in the current conditions. Also, residents of our country will be able to visit a number of cultural events.
On the world stage, by far the main event of the next week is the tour of the third person in the US hierarchy, Speaker of the US House of Representatives Nancy Pelosi, to Southeast Asia, as well as her possible visit to the island of Taiwan and the reaction of the Chinese authorities to this trip.
In addition, a number of the largest EU economies will publish data from statistical services on the state of their economy, and the Bank of England will publish a decision to change the base interest rate.
Watch these and many other events in a new video on the Club of Experts channel at the link:

You can subscribe to the Expert Club channel here – https://www.youtube.com/channel/UC4plQ0XBaoLOKPIXrb1aMGQ

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Ukrainian macro summary in May-June 2022

Ukraine’s GDP in 2022 will decrease by 30%, however, the unblocking of seaports would reduce the economic decline to 22-25%, Olena Bilan, chief economist at Dragon Capital, believes. The real gross domestic product (GDP) of Ukraine in the first quarter of 2022 fell by 15.1% compared to the first quarter of 2021 after growing by 6.1% in the fourth quarter of last year, the State Statistics Service published such a preliminary estimate.
The economy of Ukraine is gradually recovering from the level of the greatest fall in March thanks to the regions where there are no active hostilities, as a result, the decline in May this year (against the same month last year) slowed down to 35-40%, Deputy Governor of the National Bank of Ukraine Serhiy Nikolaychuk said.
The National Bank expects Ukraine’s GDP to fall by at least a third in 2022, Deputy Governor of the NBU Serhiy Nikolaychuk said during the presentation of the report on financial stability.
The National Bank of Ukraine (NBU) estimates Ukraine’s losses from destroyed housing, business and infrastructure due to Russian aggression at 50% of GDP in 2021, or $100 billion, according to a financial stability report published on the central bank’s website on Tuesday.
The real GDP of Ukraine will decrease by more than a third in 2022, inflation accelerated to 20% in the first half of the year, according to bankers surveyed by Interfax-Ukraine.
The deficit of Ukraine’s foreign trade in goods in January-April 2022 fell by almost 97.6% compared to the same period in 2021, to $29.6 million from $1.237 billion.
Consumer price growth in Ukraine in May 2022 slowed down to 2.7% from 3.1% in April and 4.5% in March, but exceeded 1.6% in February and 1.3% in January, the State Statistics Service said on Thursday.
The state budget deficit in January-May 2022 exceeded annual deficits of the previous two years, the National Bank of Ukraine (NBU) said in its June macroeconomic and monetary review.
Ukraine’s total state debt in April grew by 0.84% in U.S. dollars to $97.62 billion, in hryvnias – by 0.84% to UAH 2.855 trillion, according to data on the website of the Ministry of Finance.
Economic Monitoring’s Project Manager – PhD in Economics, Maksim Urakin

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