Business news from Ukraine

Business news from Ukraine

Ukrainian business performs more functions than usual during the war – press conference

On November 15, 2024, the press center of the Interfax-Ukraine news agency hosted a press conference on “Social Responsibility Practices in Time of War” dedicated to the specifics of Ukrainian business during the war period. The event brought together representatives of leading companies and experts who shared their own cases, innovative practices and visions of the future.

Olena Plakhova, Director of Reputation Management and Marketing at Nova Poshta, emphasized that business in Ukraine is now performing much more than traditional functions and often takes on some of the responsibilities of the state.

“This happens not because of coercion, but because businesses realize their responsibility to society. It is important to rethink the social contract – we not only expect help from the state, but also actively engage in solving urgent problems. For example, the Humanitarian Mail of Ukraine program, which started in 2014, now supports more than 2,000 recipient foundations by providing free delivery of humanitarian aid,” she said.

“Not only did we quickly organize our work, but we also supported local communities and supplied military checkpoints. Our warehouse in Makariv was destroyed, but we found the resources to resume the supply of medicines. It was a unique experience when we had to negotiate logistics corridors and make decisions quickly. In the future, it is important for us to help the victims and participate in the restoration of medical infrastructure, as this is a key part of our mission,” said Yevheniia Piddubna, Corporate Communications Director, Farmak JSC.

In his turn, Oleksandr Sosis, beneficiary of Alliance Bank, noted that the war has changed the emphasis of the company’s social responsibility.

“Previously, our programs were mainly related to employee support, but now the focus has shifted to external initiatives. One example is our Good Deeds Forum, which has become a platform for supporting volunteers. Many of them have become leaders of public initiatives that are now working even more effectively than some government agencies,” he emphasized.

Sergiy Shevchenko, KSG Agro’s press service representative, spoke about the agricultural holding’s activities in the frontline region.

“We have adapted our operations to the war conditions, increased salaries for our employees and strengthened security at our facilities. One of the key areas was ensuring food safety: we increased the number of pigs at our complex in Kherson region from 500 to 20 thousand. This is an important contribution to the stability of the region and support for local communities,” said the farmer.

Maksym Urakin, Director of Development and Marketing at Interfax-Ukraine and founder of the Experts Club think tank, emphasized the importance of helping civilians and creating communication projects in times of war.

“Our project “Find Your Loved Ones” has become a lifesaver for many civilians who have lost contact with their families due to the war. We have combined the efforts of the media and volunteers to search for missing people and have achieved significant results. We also help volunteer initiatives by organizing press conferences, providing information support and supplying mobile hospitals for civilians,” he said.

According to the expert, the Ukrainian economy is showing significant growth despite the challenges.

“In the first nine months of 2024, Ukraine’s GDP grew by 4.5% year-on-year. The results of the metallurgical sector are particularly impressive, as it increased production of steel and rolled products by 22-28% during this period. The agricultural sector also showed a significant increase due to the early harvest of late crops,” said Maxim Urakin.

According to him, Ukrainian business continues to adapt to the war by moving production to safer regions or even abroad.

“Medium-sized businesses are forced to actively migrate across Ukraine and integrate into the European economy – more than 200 companies have opened production facilities in the EU,” Urakin added.

But there are also negative trends. The expert emphasized the need to improve trust in government institutions, as according to an April survey by Active Group and Experts Club, 57% of citizens do not trust government agencies, and 62% do not trust law enforcement agencies.

The event also featured the presentation of the book Unbreakable Business by Oleksandr Holizdra and Serhiy Shevchenko, which tells unique stories about the resilience of Ukrainian companies during the war period. The publication has become a symbol of the entrepreneurial spirit that inspires us to move towards victory.

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TOP-10 medical laboratories in Ukraine – study by Experts Club and Active Group

According to a study conducted by the sociological company Active Group in cooperation with the analytical center Experts Club, a significant number of Ukrainians have used medical laboratories over the past two years. In particular, private medical laboratories play an important role in the healthcare sector, as more and more people are turning to them for high-quality and fast medical services.

The top 10 most visited private medical laboratories in Ukraine are as follows:

1. Synevo – 39.5% of respondents said they had used the services of this laboratory. Synevo is the undisputed market leader, which can be explained by its wide network of laboratories across the country, modern equipment and high level of trust from the population. Synevo is known for its accessibility and a wide range of services that meet the needs of both ordinary citizens and medical professionals.

2. “Dila – 15.5% of respondents have visited this laboratory. “Dila also has a strong position in the market due to the high quality of its services, in particular the accuracy of analyzes and the speed of service. The laboratory is actively developing innovative diagnostic methods, which attracts consumers looking for modern medical solutions.

3. “Eskulab – 9.3% of Ukrainians choose this laboratory. “Eskulab has strengthened its position due to its regional coverage, especially in the western regions of Ukraine. An important factor in its popularity is the availability of services in remote locations, which makes the laboratory convenient for a large part of the population.

4. Invivo – 6.1% of respondents used the services of this laboratory. Invivo is known for its individual approach to each client, which contributes to its popularity among patients who value quality and comfort. An important aspect of success is a convenient system for obtaining results and high accuracy of analyzes.

5. “DniproLab – 4.8% of respondents chose this laboratory. Dneprolab has strong positions in the central and eastern regions of the country. The main factors that ensure its popularity are the promptness of results and affordable pricing.

6. “Median – 2.5% of visitors used the services of Median. This laboratory is known for the accuracy of its tests and the introduction of modern diagnostic methods. Despite its smaller scale compared to market leaders, Median offers high-quality services that attract patients who value professionalism.

7. “Medlab – 4.5% of respondents have used this laboratory. “Medlab provides quality service and modern facilities for patients, which makes it popular among those looking for reliable medical services at a reasonable price.

8. DNA Laboratory – 2.3% of respondents chose this laboratory. Its specialization in genetic research and diagnostics helps the laboratory to attract clients who need such specialized services.

9. “Unimed – 2.3% of visitors preferred Unimed. The laboratory attracts customers with its convenience and the ability to get results quickly and without queues. This provides a positive experience for patients who value comfort and time.

10. “New Diagnostics – 2% of respondents chose this laboratory. It specializes in accurate and fast tests, which makes it attractive to customers who need reliable diagnostics.

In general, the most visited laboratories are those that offer a wide range of services, modern equipment, and ensure high accuracy of results. At the same time, prices remain an important factor, as according to the survey, 69.8% of respondents said that the cost of services needs to be reduced, 31.8% – the accuracy of results, 15.2% – the speed of service, 12.5% – the conditions in the laboratory, 11.8% – the politeness of the staff. Competition between laboratories helps to improve the quality of service and reduce the cost of services, which has a positive impact on the overall healthcare market in Ukraine.

The survey was conducted in July by individual interviews. The survey involved 600 respondents.

According to Andriy Yeremenko, founder of Active Group research company, the increase in the number of private medical laboratories in Ukraine indicates a systematic increase in demand for their services. At the same time, competition between laboratories has a positive impact on the quality and cost of analysis.

He predicts that the market will continue to develop in the future, making it easier to open new laboratories and improve existing ones. This, in turn, will increase competition, which will further reduce prices and improve the quality of medical services.

For his part, Maksim Urakin, founder of the Experts Club information and analytical center, emphasized that the study confirms the trend of increasing demand for private medical laboratories among Ukrainians.

“The survey data indicate an increase in confidence in the private medical sector and its capabilities. At the same time, the high level of competition in the market encourages laboratories to innovate, improve diagnostic accuracy and customer service. This trend is a positive signal for all market participants, as improving the quality of medical services and making them accessible to more people contributes to the overall improvement of the health of the Ukrainian population,” the founder of Experts Club believes.

 

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Active Group and Experts Club released study on private medical laboratories in Ukraine

About 7.7% of Ukrainians use the services of private medical laboratories five to 10 times a year, while 32.7% of Ukrainians use private laboratories less than five times a year.
This is according to a study conducted by the sociological company Active Group together with the Experts Club think tank.
According to the study, 34.8% of respondents visit private laboratories less than once a year, while 22.5% of Ukrainians do not visit them at all.
The top 10 most visited laboratories in Ukraine over the past two years include Synevo, which was visited by 39.5% of respondents, Dila (15.5%), Aesculab (9.3%), Invivo (6.1%), DniproLab (4.8%), Median (2.5%), Medlab (4.5%), DNA Laboratory (2.3%), Unimed (2.3%), and Nova Diagnostika (2%).
At the same time, 51.4% of respondents did not visit private medical laboratories at all.
When asked what aspects of private laboratories need to be improved, 69.8% of respondents said that it was the cost of services, 31.8% – the accuracy of results, 15.2% – the speed of service, 12.5% – the conditions in the laboratory, 11.8% – the politeness of the staff.
The survey was conducted in July by individual interviews. The study involved 600 respondents.
According to Andriy Yeremenko, founder of Active Group research company, the increase in the number of private medical laboratories in Ukraine indicates a systematic increase in demand for their services. At the same time, competition between laboratories has a positive impact on the quality and cost of analysis.
He predicts that the market will continue to develop in the future, making it easier to open new laboratories and improve existing ones. This, in turn, will increase competition, which will further reduce prices and improve the quality of medical services.
For his part, Maksim Urakin, founder of the Experts Club information and analytical center, emphasized that the study confirms the trend of increasing demand for private medical laboratories among Ukrainians.
“The survey data indicate an increase in confidence in the private medical sector and its capabilities. At the same time, the high level of competition in the market encourages laboratories to innovate, improve diagnostic accuracy and customer service. This trend is a positive signal for all market participants, as improving the quality of medical services and making them accessible to more people contributes to the overall improvement of the health of the Ukrainian population,” said the founder of Experts Club.

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“Interfax-Ukraine” launches updated system of access to its services

Interfax-Ukraine news agency announces the completion of development and implementation of an updated version of the agency’s online news feed.

“This is a resource with enhanced functionality for information processing. The service is designed for users who need not only quick access to news streams, but also tools for structuring them, searching databases, consolidating news, etc.,” explained Yegor Boltryk, director of Interfax-Ukraine news agency.

The new version has improved navigation capabilities and changed the system’s configuration to make it more flexible and understandable. The design has been updated for the convenience of mobile gadget users.

“In line with global trends, we decided to simplify the interface as much as possible, making it easy, versatile and convenient to use from any device,” added Yegor Boltryk.

The updated version has improved the system for working with the news archive (Interfax-Ukraine databases).

“The new version of the search tools is more accurate, in particular, the ability to generate complex queries and reports has been updated. I am confident that our domestic and foreign clients from various sectors (banks, embassies, government agencies, media, etc.) will appreciate the new adaptability of the system and the new capabilities of the search engines,” explained Maxim Urakin, Development and Commercial Director of Interfax-Ukraine.

“Interfax-Ukraine is an independent Ukrainian news agency that has been operating in the Ukrainian political and economic information market since 1992. It produces more than 40 news products in four languages. The agency’s editorial office is located in Kyiv. “Interfax-Ukraine is not part of any foreign media holdings. The founder and owner of Interfax-Ukraine was Oleksandr Martynenko.

As reported at the end of 2023, Interfax-Ukraine news agency became the official representative of the international company Dun & Bradstreet (D&B) in the Ukrainian market.

The agency has been a member and official service provider of the American Chamber of Commerce in Ukraine since 2005. “Interfax-Ukraine provides up-to-date political, financial and economic information not only on Ukraine but also on a number of key countries for Ukraine (Europe, China, the United States, etc.).

 

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Key economic indicators of Ukraine and world from Experts Club

The article presents key macroeconomic indicators of Ukraine and the global economy for the first half of 2024. The analysis is based on official data from the State Statistics Service of Ukraine, the NBU, the IMF, the World Bank, and the UN, on the basis of which Maksim Urakin, PhD in Economics, founder of the Experts Club Information and Analytical Center, presented an analysis of macroeconomic trends in Ukraine and the world. The key aspects of the report include the dynamics of gross domestic product (GDP), inflation, unemployment, foreign trade and public debt of Ukraine, as well as global macroeconomic trends.

Macroeconomic indicators of Ukraine
According to the State Statistics Service of Ukraine and the National Bank of Ukraine, Ukraine’s real GDP growth rate slowed to 3.5% in May 2024, compared to 4.3% in April and 4.8% in March. This decline is mainly due to a drop in electricity generation, which affected the industrial sector and led to a decrease in production in the machine building and metallurgy sectors. At the same time, exports and demand in the construction industry supported positive economic growth.
“In June 2024, Ukraine’s public debt increased by UAH 200 billion, and inflation accelerated to 2.2%, which is generally in line with the NBU’s target range,” Maksim Urakin emphasized.

Global economy
The World Bank forecasts global economic growth of 2.6% in 2024, up from the previous forecast of 2.4%. In 2025-2026, the growth rate is expected to further increase to 2.7%. For developing countries, the average annual GDP growth in 2024-2025 is projected at 4%, slightly lower than in 2023.
“In low-income countries, growth will accelerate to 5% in 2024, compared to 3.8% in 2023. For developed countries, growth is expected to reach 1.5% in 2024 and 1.7% in 2025,” said Maksim Urakin, founder of Experts Club.
Maksim Urakin summarized that despite the decline in food and energy prices, core inflation will remain high in the medium and long term.

Ukraine’s foreign trade
In January-June 2024, Ukraine’s foreign trade balance in goods deteriorated by 24.4% compared to the same period in 2023, reaching a negative value of $13.606 billion. Merchandise exports increased by 0.3% to $19.589 billion, while imports increased by 9% to $33.205 billion. The main export items include agricultural products, metals, and machinery, while the main imports are energy and chemicals.

Conclusion.
Ukraine’s economy is showing signs of recovery, despite significant challenges from internal and external factors. The global economy, in turn, is also facing uncertainty, but maintains positive growth rates. It is important to monitor changes in macroeconomic indicators to assess the prospects for further development and adaptation to new economic conditions.
Thus, this article provides a holistic view of the current economic situation in Ukraine and the world, based on the latest statistics and forecasts.

Trends in the global and Ukrainian economies can be tracked via the Experts Club information and analytical channel – https://www.youtube.com/@ExpertsClub

Source: https://expertsclub.eu/osnovni-ekonomichni-indykatory-ukrayiny-ta-svitu-vid-experts-club/

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Economic indicators of Ukraine and world from Experts Club

The article presents key macroeconomic indicators of Ukraine and the global economy for the first half of 2024. The analysis is based on official data from the State Statistics Service of Ukraine, the National Bank of Ukraine, the IMF, the World Bank, and the UN, on the basis of which Maksym Urakin, PhD in Economics, founder of the Experts Club Information and Analytical Center, presented an analysis of macroeconomic trends in Ukraine and the world. The key aspects of the report include the dynamics of gross domestic product (GDP), inflation, unemployment, foreign trade and public debt of Ukraine, as well as global macroeconomic trends.

Macroeconomic indicators of Ukraine
According to the State Statistics Service of Ukraine and the National Bank of Ukraine, Ukraine’s real GDP growth rate slowed to 3.5% in May 2024, compared to 4.3% in April and 4.8% in March. This decline is mainly due to a drop in electricity generation, which affected the industrial sector and led to a decrease in production in the machine building and metallurgy sectors. At the same time, exports and demand in the construction industry supported positive economic growth.
“In June 2024, Ukraine’s public debt increased by UAH 200 billion, and inflation accelerated to 2.2%, which is generally in line with the NBU’s target range,” Maksym Urakin emphasized.

Global economy
The World Bank forecasts global economic growth of 2.6% in 2024, up from the previous forecast of 2.4%. In 2025-2026, the growth rate is expected to further increase to 2.7%. For developing countries, the average annual GDP growth in 2024-2025 is projected at 4%, slightly lower than in 2023.
“In low-income countries, growth will accelerate to 5% in 2024, compared to 3.8% in 2023. For developed countries, growth is expected to reach 1.5% in 2024 and 1.7% in 2025,” said the founder of Experts Club.
Maksym Urakin summarized that despite the decline in food and energy prices, core inflation will remain high in the medium and long term.

Ukraine’s foreign trade
In January-June 2024, Ukraine’s foreign trade balance in goods deteriorated by 24.4% compared to the same period in 2023, reaching a negative value of $13.606 billion. Merchandise exports increased by 0.3% to $19.589 billion, while imports increased by 9% to $33.205 billion. The main export items include agricultural products, metals, and machinery, while the main imports are energy and chemicals.

Conclusion.
The Ukrainian economy and the global economy are facing uncertainty. It is important to monitor changes in macroeconomic indicators to assess the prospects for further development and adaptation to new economic conditions.

Trends in the global and Ukrainian economies can be tracked via the Experts Club information and analytical channel – https://www.youtube.com/@ExpertsClub

 

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