Business news from Ukraine

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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EXPERTS DISCUSSED THE BENEFITS AND HARMS OF TABLE SALT FOR HEALTH – VIDEO

Table (edible) salt is one of the most important products for the body, and the so-called salt-free diet can often lead to negative health consequences, says Doctor of Biology Svyatoslav Morozov. “Sodium ions are necessary to maintain the ionic balance in the cell, the bloodstream. Sodium chloride is also needed for the normal functioning of the nervous system, digestion, muscle contraction and many other processes in the body,” he said in a new video posted on the Expert Club YouTube channel.

At the same time, according to the expert, it is necessary to observe the daily intake of salt, since an excessive amount of this ingredient in food can provoke the development of diseases of the cardiovascular system.

“It is advisable to consume up to 4-5 grams of table salt per day. Excess salt does not lead to terrible consequences, but it creates a burden on the body. This is due to the fact that a significant amount of salt in food leads to a feeling of thirst, as a result of which blood vessels and the heart are already stressed due to excess fluid, which leads to an increase in blood pressure, ” the scientist explained.

The founder of the Club of Experts, Maksim Urakin, in turn, emphasized that, while observing the daily norms of salt intake, it is necessary to take into account not only the pure salting of food, but also the content of sodium chloride in the product itself.

“Today, salt is found in almost all food products. That is, we are talking about the amount of salt directly in all products that a person consumes per day,” the expert noted.

Watch the full video on the Expert Club channel at the link:

You can subscribe to the channel using the link:

https://www.youtube.com/c/Клубэкспертов

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SHORTAGE OF SALT IN UKRAINE WAS TEMPORARY, UKRAINIAN PRODUCT HAS ALREADY BEEN REPLACED BY IMPORTED ONE – CLUB OF EXPERTS

The excitement that was observed around the shortage of table salt in early June has generally declined, today the market does not experience an acute shortage of this product, according to the Expert Club analytical center. In a new video, released on the YouTube channel of the same name, the ball analyzes the current situation with the availability of various types of salt, as well as its benefits and harms in terms of a healthy diet.

According to the candidate of biological sciences Svyatoslav Morozov, in Ukraine today there are several explored deposits of rock salt, in particular in the Kalush region of the Ivano-Frankivsk region, as well as Solotvino in the Transcarpathian region, which will replace the production facilities temporarily stopped due to the war in the Bakhmut region.

The founder of the Club of Experts, Candidate of Economic Sciences Maksim Urakin emphasized that today salt is produced in the world by more than 110 countries, among which China, India and the USA are the leaders. “Ukraine occupied a worthy place in the world salt market. In particular, Artyomsol provided exports to more than 50 countries of the world,” the expert noted.

According to him, the main importers of Ukrainian salt were Poland, Hungary, Moldova and a number of other countries.

Recall that in April 2022, the Artemsol enterprise, located in Soledar, Donetsk region, stopped its work due to hostilities in order to ensure the safety of employees.

For more details, see the video on the Expert Club channel:

You can subscribe to the channel using the link:

https://www.youtube.com/c/Клубэкспертов

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UKRAINIAN MACRO SUMMARY IN APRIL-MAY

Ukraine’s real gross domestic product (GDP) in 2022 will decrease by 33%, the main factors of the decline will be massive losses in production, demand and exports, according to the updated macroeconomic forecast of the analytical department of Alfa-Bank Ukraine.
Ukraine’s GDP will fall by 30% in 2022, and the country’s economy will grow by 25% next year, the European Bank for Reconstruction and Development (EBRD) published such an updated forecast, while in March it estimated this year’s decline at 20%, and growth in the next year at 23%.
Ukraine’s GDP in 2022 will fall by 30%, subject to a protracted war until the end of the year, and subject to a truce and the possible opening of ports – by 22-25%, such estimates were voiced by Dragon Capital Head Tomas Fiala.
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.
S&P Global Ratings lowered its foreign currency long- and short-term sovereign credit ratings on Ukraine to ‘CCC+/C’ from ‘B-/B’, the rating agency said.
The deficit of Ukraine’s foreign trade in goods in January-March 2022 decreased by 40 times compared to the same period in 2021 – to $31.6 million from $1.272 billion, the State Statistics Service reported.
The negative balance of Ukraine’s foreign trade in goods in April this year amounted to $191 million compared to a $900 million positive balance in March, the State Customs Service said.
According to its data and previously released data from the State Statistics Service, imports in April increased by about 63.3% compared to March, to $2.87 billion, while exports increased by only 0.8%, to $2.67 billion.
Inflation in Ukraine in annual terms in April may increase to 15.9% from 13.7% in March, this forecast was given by Governor of the National Bank of Ukraine Kyrylo Shevchenko, referring to the NBU estimates based on web-scraping (a method of collecting prices from online supermarkets).
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.
During the three months of the war, the construction industry of Ukraine has decreased more than 70%, despite the dot resumption of work at construction sites in Ukraine, while the cost of construction has increased by 20%, Director General of the Kovalska Industrial-Construction Group Serhiy Pylypenko has said.
Economic Monitoring’s Project Manager – PhD in Economics, Maksim Urakin
Video dedicated to macro economic figures is available via link https://youtu.be/dwh7Q6aZZBA

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