Business news from Ukraine

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:

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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SHORTAGE OF SALT IN UKRAINE WAS TEMPORARY, UKRAINIAN PRODUCT HAS ALREADY BEEN REPLACED BY IMPORTED ONE – CLUB OF EXPERTS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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EXPERTS SPOKE ABOUT LATEST LEGISLATIVE CHANGES REGULATING IMPORT OF HUMANITARIAN AID TO UKRAINE

The Club of Experts YouTube channel has released a new video dedicated to the prospects for the development of the volunteer movement in Ukraine after the start of the war and solving the main problems that our citizens may face when bringing humanitarian aid to Ukraine.
According to Maxim Urakin, the founder of the Club of Experts, the humanitarian situation that arose in Ukraine after the outbreak of hostilities forced tens of thousands of people to volunteer.
“At the same time, many people faced with the incomprehensibility of the processes of crossing the border and importing certain goods into the country,” the expert emphasized.
In his commentary, the head of the International Technology Transfer Association (ITTA), Artem Goncharenko, noted that when organizing volunteer assistance, one should understand what needs the recipients of volunteer assistance have. At the same time, in his opinion, individual and general requests of both military and ordinary citizens should be distributed.
“It is important to understand that we cannot offer a single universal solution. Need a personal approach (…). At the same time, different volunteer organizations should unite to improve the coordination of work,” he said.
In turn, Evgenia Litvinova, Chair of the Ukrainian Exporters’ Club, analyzed the latest legislative changes that have greatly simplified the delivery of international humanitarian aid to Ukraine.
In their presentation, the experts provided a detailed explanation on the following problematic issues:
– Who has the right to bring humanitarian aid to Ukraine?
– On the basis of what documents can humanitarian aid be imported?
– What changes have been introduced when filling out customs declarations?
– What shipping documents do you need to have when crossing the border?
For more details, see the video on the YouTube channel “Expert Club” at the link:

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UKRAINIAN MACRO SUMMARY IN MARCH-APRIL

Ukraine’s GDP in 2022 will fall by 45.1%, the World Bank predicts, recalling that before the Russian invasion, it expected the Ukrainian economy to grow by 3.2% this year.
The Ukrainian economy is expected to contract by 35% in 2022, although precise measures of the damage to the Ukrainian economy are impossible to obtain, according to the updated World Economic Outlook of the International Monetary Fund released.
The Ministry of Finance expects a fall in Ukraine’s GDP in 2022 ranging from 35% to 50%, Finance Minister Serhiy Marchenko has said.
Due to the war unleashed by Russia, Ukraine’s gross public debt will increase to 86.2% of GDP in 2022 after declining from 61% of GDP to 49% of GDP last year, this forecast is given by the International Monetary Fund (IMF).
The fall of the Ukrainian economy in 2022 will be about 33% according to the base scenario, in which the war will last for another month and a half at the most, Oleksandr Pecheritsyn, a leading analyst at Raiffeisen Bank (Kyiv), said.
The negative balance 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 $1271.6 million.
The rise of consumer prices in Ukraine in March 2022 accelerated to 4.5% from 1.6% in February, while 1.3% in January and 0.6% in December, the State Statistics Service has said.
Inflation in Ukraine by the end of 2022 may exceed 20% due to the consequences of a full-scale war, but it will be controlled, the National Bank of Ukraine said.
Due to the war unleashed by Russia, Ukraine’s gross public debt will increase to 86.2% of GDP in 2022 after declining from 61% of GDP to 49% of GDP last year, this forecast is given by the International Monetary Fund (IMF).
The transport enterprises of Ukraine (excluding the territory of the Autonomous Republic of Crimea and Sevastopol, as well as part of the JFO zone) in 2021 increased transportation of goods by 3.3% compared to 2020 – up to 619.9 million tonnes.
About 23% of Ukrainian retailers’ outlets are closed, most of the non-operating facilities are in the entertainment segment, according to a survey by the Association of Retailers of Ukraine.
“As of April 20, some 11,744 stores out of 15,263 that were open at the time of the start of full-scale aggression were operating. That is, 23% less – 3,521 are closed. Compared to March, the situation is improving, since then the relative loss of retail was 29.4% – 4,481 store,” the association said. Fresh review dedicated to macro economic figures is available via link https://youtu.be/dwh7Q6aZZBA
Economic Monitoring’s Project Manager – PhD in Economics, Maksim Urakin

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UKRAINIAN VOLUNTEERS FACE PROBLEM OF BRINGING HUMANITARIAN AID INTO COUNTRY – EXPERTS

Ukrainian volunteers are faced with the problem of bringing humanitarian aid into the country, representatives of volunteer organizations have said during a press conference at Interfax-Ukraine on Thursday.
“Now there are enough donors on the territory of the European Union who are interested in providing humanitarian aid to Ukraine, but they need the Ukrainian side to take it. Because of this, Ukrainian public organizations refuse humanitarian aid or transfer it to other organizations, as they cannot cover the cost logistics component of the delivery,” Head of the Ukrainian Exporters Club Yevhenia Lytvynova said.

Commenting on the transfer of thermal imagers and quadrocopters to Ukraine, she noted that such goods require a letter of guarantee from the end user, the author of which can only be a military command body of the Ministry of Defense or another military formation.
In turn, Head of the International Technology Transfer Association (ITTA) Artem Honcharenko said that the Ukrainian army today needs medicines, in particular hemostatic drugs, as well as drugs against ulcers, diarrhea, dysbacteriosis, and a runny nose.
He stressed that there is currently a strong demand for anthelmintic drugs, flea, tick, mosquito and antifungal drugs. In addition, the Ukrainian army requires basic medicines such as paracetamol, ibuprofen, as well as syringes, bandages and elastic bandages.
In turn, Director of the Center of the Academy of Construction of Ukraine Ivan Perehinets announced plans to create an international fund Ukraine to finance the construction of houses for people who lost their homes due to the Russian invasion.
“More than a million families were left without housing… We are now in the process of registering the Ukraine International Construction Fund, which will deal with the construction of houses,” Perehinets said.
In turn, Head of the International Relations Department of Kontramarka Help Oleksiy Honcharov announced plans to purchase a mobile field hospital.
“We are currently working on a mobile hospital that can drive close enough to the front line, deploy in a matter of minutes and provide full first aid,” Honcharov said.
According to him, such a field hospital was found in Turkey and funds are being collected for its subsequent purchase. The hospital is partly financed by charitable contributions from concerts held, most organized with the support of Kontramarka.
President of the Ukrainian Association of District and Regional Councils Serhiy Chernov said that on February 15, based on information from foreign colleagues and Ukrainian intelligence, the association decided to create a coordination center to assist local governments in providing humanitarian assistance, studying all possible consequences of hostilities, and working with religious denominations and preparation of documents “on the destruction caused by the Russian Federation, as well as compensation for losses.”
Restaurateur and volunteer Maryan Burmylo announced cooperation with the United States. “Ukrainian volunteers from California organized charitable assistance to medical institutions in Ukraine. Odesa residents Natalia Hryschenko and Oleksiy Buyadzhy (UkrainCA public initiative), with the help of the Mission to Ukraine team, arranged the supply of medicines at the expense of American funds of Cincinnati and Baltimore – sister cities of Ukrainian Kharkiv and Odesa. Aid in the form of the supply of surgical kits is provided by the International Surgical Health Initiative (ISHI, the USA),” he said.

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