Business news from Ukraine

ATTENTION: PEOPLE DISAPPEARED IN CHERNIHIV, KIEV AND KHARKOV REGIONS, PLEASE HELP IN THE SEARCH (“FIND YOUR LOVED ONES”, 04/16/2022)

Attention! People disappeared in Chernihiv, Kiev and Kharkov regions. Please help us find:

1. Bazhenkov Konstantin Anatolyevich 11/27/1983. Was in Kharkov. Disappeared on March 2 after an air strike near the Shevchenko plant. Signs: has a scar after the removal of the appendix. On the right hand, after a surgical operation, the little finger and ring fingers are not fully extended.

Bazhenkov Konstantin Anatolievich

If you have any information about Konstantin’s whereabouts, please call:

+380966270488 (Irina Marchuk – sister).

2. Zaets Maxim Svyatoslavovich. 11/03/1988 Was in Bucha.

Zaets Maxim Svyatoslavovich

If you have any information about Maxim’s whereabouts, please call:

+380674047722 (Kurinenko Yulia Boleslavovna).

3. Petrenko Andrey Vladimirovich. 04/23/1989 Was in Chernihiv. The connection disappeared on February 27, 2022 after 16.00, left for the Epicenter area.

Petrenko Andrey Vladimirovich

If you have any information about Andrey’s whereabouts, please call:

+380638727974, +380984112069, e-mail: konodub96@gmail.com (Ekaterina)

We ask citizens whose relatives do not get in touch to send us all the information. We recommend using the following contact form:
1. Full name of the missing person;
2. Your contact details;
3. Photo of the missing person, description of special features;
4. Approximate place of the last stay of the missing person.

The “Find Your Loved Ones” project is non-commercial, all your appeals will be edited and published free of charge in the media.

We invite colleagues from the media to join the initiative!

The project coordinator is Maksim Urakin, deputy head of the Interfax-Ukraine news agency and publisher of the Open4Business project.

Send information about the missing by e-mail maksim.urakin@gmail.com

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UKRAINIAN MEDIA CREATED A HUMANITARIAN PROJECT “FIND LOVED ONES”

For the second month in our country there is a war. Millions of Ukrainians have become refugees, and the country’s largest cities have become a zone of active hostilities. In this situation, many families have been separated, people often lose contact with their closest relatives.

A team of journalists and media workers put forward an initiative to create a project to search for missing people “Find loved ones”.
We ask citizens whose relatives do not get in touch to send us all the information they have. We recommend using the following form:
1. Full name of the missing person;
2. Your contact details;
3. Photo of the missing person, description of special features;
4. Approximate place of the last stay of the missing person.
The project is non-commercial, all your appeals will be edited and published free of charge in the media.
We invite colleagues from the media to join the initiative!
The project coordinator is Maksim Urakin, deputy head of the Interfax-Ukraine news agency and publisher of the Open4Business project.
Please send information about the missing to e-mail maksim.urakin@gmail.com

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EDITORS AND OWNERS OF UKRAINIAN MEDIA HAVE CREATED HUMANITARIAN PROJECT “FIND LOVED ONES”

For the second month in our country there is a war. Millions of Ukrainians have become refugees, and the country’s largest cities have become a zone of active hostilities. In this situation, many families have been separated, people often lose contact with their closest relatives.
A team of journalists and media workers put forward an initiative to create a project to search for missing people “Find loved ones”.
We ask citizens whose relatives do not get in touch to send us all the information they have. We recommend using the following form:
1. Full name of the missing person;
2. Your contact details;
3. Photo of the missing person, description of special features;
4. Approximate place of the last stay of the missing person.
The project is non-commercial, all your appeals will be edited and published free of charge in the media.
We invite colleagues from the media to join the initiative!
The project coordinator is Maksim Urakin, deputy head of the Interfax-Ukraine news agency and publisher of the Open4Business project.
Please send information about the missing to e-mail maksim.urakin@gmail.com

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UKRAINIAN MACRO SUMMARY OF 2021 – STATISTICS BEFORE WAR

Real gross domestic product (GDP) of Ukraine in the fourth quarter of 2021 grew by 5.9% compared to the fourth quarter of 2020 after rising by 2.7% in the third quarter, the State Statistics Service published such a preliminary estimate. Fitch Ratings forecasts GDP growth of 2.9% in 2022, from 3.0% in 2021, a 1pp downward revision from the August review due to slowing growth in real wages and private consumption, a drag on domestic demand from heightened geopolitical risk, and the high gas price.
The level of the shadow economy in Ukraine in January-September 2021 amounted to 31% of GDP, which is 1 p.p. less compared to the corresponding period in 2020, the Ministry of Economy said.
In 2021 inflation in Ukraine rose to 10% from 5% in 2020 and 4.1% in 2019, while underlying inflation rose to 7.9% against 4.5% a year earlier.
Since 2014, the conflict with the Russian Federation has cost Ukraine 19.9% of its pre-conflict GDP annually, totaling $280 billion in lost GDP in 2014-2020.
The deficit of Ukraine’s foreign trade balance decreased by only 0.2% in 2021 compared to 2020, from $0.678 billion to $0.676 billion.
The surplus of Ukraine’s foreign trade in services decreased by 4.2% in 2021 compared to 2020, to $5.563 billion (in 2020, the surplus was at $5.809 billion), the State Statistics Service reported. The deficit of Ukraine’s foreign trade in goods decreased by 8.1% in 2021 compared to 2020, to $4.728 billion from $5.144 billion.
The growth of consumer prices in Ukraine in January 2022 accelerated to 1.3% from 0.6% in December and 0.8% in November 2021, the State Statistics Service reported.
As of February 25, state budget revenues amounted to UAH 97 billion, including a payment in the amount of UAH 18.8 billion from the National Bank of Ukraine, and there are all possibilities to make payments, Minister of Finance Serhiy Marchenko has said.
Ukraine sold industrial products (goods, services) for UAH 3.584 trillion in 2021, which is 44.5% more than in 2020 (UAH 2.481 trillion), including for UAH 1.019 trillion outside the country.
Since the beginning of 2021/22 (July-June) and as of February 21, Ukraine has exported 42.54 million tonnes of grain and leguminous crops, which is 37.3% higher than the figures for the same date of the previous year.
Real wages in Ukraine in December 2021 increased by 11.9% compared to December 2020, and compared to November 2021, the growth was 21.5%.
Publisher of “Open4Business”, PhD in Economics, Maksim Urakin.

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MACRO SUMMARY OF UKRAINIAN ECONOMY IN NOVEMBER 2021

Ukraine’s GDP growth in 2021 will amount to 3.4% instead of 4.1% expected in April, and economic growth in 2022 is projected at 3.6% instead of 3.7%, such a consensus forecast was posted by the Ministry of Economy on its website.
The direct public debt of Ukraine by the end of 2021 will be cut to 56.9% of GDP, and by 2024 to 47%, Finance Minister Serhiy Marchenko said, presenting a strategy for managing public debt until 2030 at a government meeting on Thursday.
The ICU Group has downgraded its forecast for Ukraine’s GDP growth in 2021 to 2.9% from 5.2% in the spring forecast, Head of ICU Macroeconomic Research Vitaliy Vavryschuk has said.
The real gross domestic product (GDP) of Ukraine in the third quarter of 2021 increased by 2.7% compared to the same period in 2020, the State Statistics Service reported such an updated estimate, while earlier it estimated growth in mid-November at 2.4%.
Alfa Bank (Kyiv) expects real GDP growth in Ukraine in 2022 by 3.4% after its projected growth of 3% over 2021 and a slowdown in the average annual inflation in 2022 to 8.6%, which is 0. 8 percentage points below the expected average annual inflation rate in 2021 (9.4%). Oxford Economics has worsened expectations of real GDP growth in Ukraine in 2022 to 2.8% compared to 3.4% in the November forecast, by the end of 2021 it expects the country’s economy to grow by 3.1% of GDP, as follows from materials of the December forecast, which are available to Interfax-Ukraine.
The deficit of Ukraine’s foreign trade in goods in January-October 2021 decreased by 27.7% compared to January-October 2020 – to $2.565 billion from $3.547 billion.
The growth of consumer prices in Ukraine on an annual basis in November 2021 slowed to 10.3% from 10.9% in October and from 11% in September.
The total public debt of Ukraine in November increased by 1.64% in US dollars and amounted to $94.15 billion, as well as by 4.92% in hryvnia – to UAH 2.558 trillion, according to data on the website of the Ministry of Finance, published on Wednesday.
Industrial production in Ukraine in November 2021 increased by 0.4% versus November 2020, which is worse than an increase of 1.4% in October, but better than a decline of 0.7% in September, the State Statistics Service said.
Real wages in Ukraine increased by 8% in November 2021 year-over-year, and compared to October of this year, the growth was 0.9%.
Ukraine in 2021 has a record harvest of grain, legumes and oilseeds of 106 million tonnes: cereals and legumes – 84 million tonnes and oilseeds – 22.6 million tonnes, Minister of Agrarian Policy and Food of Ukraine Roman Leschenko said on Facebook. Ukraine since the beginning of the 2021/2022 marketing year (MY, July-June) and as of December 29 had exported 31.57 million tonnes of grain and leguminous crops, which is 21.1% more than the indicators for the same date of the previous MY.
The volume of construction work performed in Ukraine in November 2021 decreased by 2.7% compared to November 2020.
Publisher of “Open4Business”, PhD in Economics, Maksim Urakin.
Previously Experts Business Club created a video summary dedicated to macroeconomics. Full video watch here

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EXPERTS ANALYZE PRELIMINARY MACROECONOMIC RESULTS OF YEAR – VIDEO

The Experts Club continues a series of programs dedicated to the macroeconomics of Ukraine. The new issue analyzes the preliminary results of 2021.
“We create such analytical videos in order to increase the level of knowledge of the population in the field of economics and for easy visualization of a huge number of figures. Such content, of course, is not a “mass market,” but we do not strive for it either. We focus on a thinking and searching audience,” founder of the Experts Club project Maksim Urakin said.
The issue analyzes the change in the number of the population of Ukraine, the current unemployment rates, presents the labor market in the regional context. In addition, GDP indicators are given, the main trade partners of the country are named, trends and plans for the payment of Ukraine’s internal and external debt, as well as indicators of retail and inflation, are analyzed.
The video contains a large number of author’s charts, histograms, which conveniently illustrate the main macroeconomic trends.
The Experts Club is dedicated to political science, economics, science, futurology, contains expert opinions and analysis of the topics discussed.
This video is available for viewing at the link
https://www.youtube.com/watch?v=gUs6fF–F-c
You can subscribe to the channel at the Experts Club – YouTube link

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