The Kyiv analytical center “Club of Experts” together with the consulting company “Club of Exporters of Ukraine” and the information portal Open4business launched a new project to help Ukrainian businesses achieve success in international markets.
According to the founders of the project, at the first stage, a series of video courses will be created on the YouTube platform, with the help of which it will be possible to get acquainted with the peculiarities of doing business in the EU countries, importing and exporting goods, European certification rules, etc.
“Thanks to our project, businesses will be able to receive prompt advice and assistance from our representatives both in Europe and in Ukraine,” said Maxim Urakin, founder of the Club of Experts.
According to Evgenia Litvinova, CEO of the Ukrainian Exporters Club, the business project will include not only a series of training videos, but also the possibility of providing specialized advice to those companies that want to quickly and cost-effectively enter the European and global markets.
“For each consulting assignment of our client, we carefully select a project team, which is formed from internal and external experts who are specialists in the required industries. The presence of good contacts and reputation within the country, both in industries and with various government agencies, allows us to quickly and efficiently implement projects,” Litvinova said.
For individual advice on doing business in the EU and other countries of the world, you can fill out the online form at the link:
https://docs.google.com/forms/d/e/1FAIpQLSeit-dG6SJ9E9QtDSZ4ggqQEmn1RHyAMKfDqO90Db4cDn1ZEA/viewform
Project partners:
Exporters Club: https://people2people.com.ua/ru/
Portal Open4business: https://open4business.com.ua
Expert club channel: https://www.youtube.com/@user-nz9lh8yg9g
BUSINESS, BUSINESS_IN_EU, CLUB_EXPERTS, CLUB_EXPORTERS, HELP_BUSINESS, URAKIN, ЛИТВИНОВА
The real gross domestic product (GDP) of Ukraine in the second quarter of 2022 fell by 37.2% compared to the second quarter of 2021 after falling by 15.1% in the first quarter of this year, the State Statistics Service has published a preliminary estimate.
The decrease in real gross domestic product (GDP) of Ukraine in August 2022 compared to August 2021 is estimated at 35%, the Ministry of Economy has given such an estimate.
Ukraine’s real GDP will fall by 31% in 2022 and will recover by 8% in 2023 if half of the current major negative factors are resolved by the end of 2022, and by the end of 2023 they will disappear, predicts the investment company Concorde Capital.
The recovery of Ukraine’s real GDP next year after a 32% slump this year will be negligible-4%, due to the loss of physical assets and human capital, predicts ICU investment group.
The European Bank for Reconstruction and Development (EBRD) still expects Ukraine’s economy to contract by 30% in 2022, but for 2023 it has worsened its growth forecast from 25% to 8%, according to the bank’s Regional Economic Outlook report.
Exports of goods from Ukraine in August increased by 13.9% compared to July – up to $3.363 billion, while imports decreased by 2.3% – to $4.416 billion, said the Ministry of Economy. According to its data, as a result of negative balance of Ukraine’s foreign trade in goods in the past month decreased to $1.053 billion from $1.569 billion in July and $1.549 billion in June.
Ukraine’s merchandise trade deficit for the first half of September 2022 was only $111 million compared to $1.05 billion in August, Deputy Economy Minister – Trade Representative of Ukraine Taras Kachka said on Facebook on Thursday.
The draft state budget for 2023 provides for UAH 1.28 trillion of revenues and UAH 2.57 trillion of expenses, said Prime Minister of Ukraine Denis Shmygal.
Ukraine’s consolidated balance of payments deficit in July 2022 was $299 million compared to a surplus of UAH 484 million in July last year, the National Bank of Ukraine (NBU) said on its website.
Ukraine’s international reserves as of September 1, 2022, according to preliminary data, amounted to $25 billion 436 million (in equivalent), which is 13.6% more than at the beginning of June ($22.757bn), according to the National Bank of Ukraine.
Consumer price growth in Ukraine accelerated to 1.1% in August 2022 from 0.7% in July, the State Statistics Service (Gosstat) said.
Taxable imports of land vehicles to Ukraine in January-August 2022 decreased by 53% compared to the same period in 2021, to $2.191bn.
Head of the project “Economic Monitoring” candidate of economic sciences Maksim Urakin
On the 28th of October the scientific and practical seminar on “Vintage (molesime) wines and cognacs” was held in Kiev analytical center “Club of experts” with the assistance of the public association “Association of gardeners, winegrowers and winemakers of Ukraine” (“Ukrsadvynprom”) and with the participation of an expert collector of vintage alcoholic beverages Igor Magalyas.
There were 17 kinds of wine drinks, produced in Ukraine and Europe, aged up to 80 years. During the tasting the expert group evaluated the individual qualities of drinks with different ageing and determined their organoleptic characteristics.
According to Maxim Urakin, the organizer of the conference, in the future holding of such events will help to develop the market of vintage beverages in Ukraine and increase the export potential of domestic producers.
“At the moment vintage wines and cognacs are considered elite and unattainable for the average buyer. In reality this is not the case. In EU countries this category of drinks is available for all segments of the population and their prices are not much higher than the average price for ordinary wine on the supermarket shelves”, he said.
Co-organizer of the conference, wine expert Igor Magalyas stressed the importance of popularization of Ukrainian brands of vintage beverages in Europe.
“The market of vintage wines and cognacs in the European Union is quite extensive. The main exporters of such products are Italy, Spain and France. Ukraine has no less potential in this direction,” Magalyas emphasized.
Vintage (molesim) in wine-making means a year of vintage of a certain type of grapes, from which wine, cognac or other drink on its basis is produced. This indicator is important in determining the characteristics of the drink because weather and climatic conditions change every season, which can both positively and negatively affect the organoleptic characteristics of beverages of the same brand.
The Club of Experts is Kiev analytical center, which is engaged in researches in the field of economics, sociology and other scientific disciplines. In particular, with the assistance of the Club of experts during the last year there were held several events for the promotion of the national winemaking products.
Public Union “Ukrsadvindindprom” was a partner of the seminar and tasting. “Ukrsadvindwinprom” unites about 200 producers of fruits, berries, nuts and grapes, enterprises that process fruits and berries and produce wine, as well as scientific institutions for implementation of new scientific approaches in production.
CLUB OF EXPERTS, CONFERENCE, SCIENCE, UKRSADVINPROM, URAKIN, vintage wine, WINE, WINEMAKING, Магаляс
The Club of Experts YouTube channel has released another video announcing the events which will take place in Ukraine and in the world from November 7 to 13, 2022. In the new release the founder of the Club of experts Maksim Urakin and co-host Olga Levkun analyzed the main events planned for the nearest future.
This week in Ukraine there will be a number of events devoted to the development of business, the implementation of new technologies in the agricultural sector, IT-innovations and other topics. Among these events we should mention the presentation of a free support tool for Ukrainians on digital security – Nadiyno online platform, as well as the Ukrainian-Slovak Business Forum to be held in Uzhgorod.
In the world this week there will also be a number of major conferences and forums. Several meetings of the EU Economic and Financial Affairs Council will be held in Brussels to discuss the EU budget for the next year; on November 10-11 in Washington the International Monetary Fund will hold its annual research conference devoted to the world economy; and in France there will be the Paris Peace Forum, designed to bring together heads of state, representatives of international organizations, business leaders and civil society. November 13, Bali will also host the Business 20 Summit (B20) on the theme “Promoting innovative, inclusive and shared growth,” which will be a prologue to the main global political event of this autumn: the G20 Summit.
The main sporting events in the next seven days will be the basketball qualifying matches for the World Championship and the Formula 1 Brazilian Grand Prix. Read more details about the future sports events on the portal Sport.ua. The full version of the video can be viewed at the link:
Subscribe to the Club of Experts channel here: https://www.youtube.com/channel/UC4plQ0XBaoLOKPIXrb1aMGQ.
ANNOUNCEMENTS, CLUB_EXPERTS, EVENTS, URAKIN, ЛЕВКУН, МАКСИМ_УРАКИН
Ukraine’s real GDP will fall by 31% in 2022 and recover by 8% in 2023 if by the end of 2022 half of the current main negative factors are resolved, and by the end of 2023 they will come to nothing, Concorde Capital investment company predicts.
The real gross domestic product (GDP) of Ukraine in the second quarter of 2022 fell by 37.2% compared to the second quarter of 2021 after falling by 15.1% in the first quarter of this year, the State Statistics Service published such a preliminary estimate.
The negative dynamics of the economy is still softer than the NBU expected, but the experience of 2014-2015 and the prolongation of the war allow us to assume that the situation may worsen in the future, Oleksandr Paraschiy, the head of the analytical department of Concorde Capital investment company, believes.
Export of goods from Ukraine in August increased by 13.9% compared to July to $3.363 billion, while imports decreased by 2.3% to $4.416 billion, the Ministry of Economy reported.
The National Bank of Ukraine (NBU) preliminary estimates the growth of annual inflation in August at the level of up to 23%, Deputy Governor of the NBU Serhiy Nikolaychuk said.
The growth of consumer prices in Ukraine in August 2022 accelerated to 1.1% from 0.7% in July, the State Statistics Service of Ukraine reported on Friday. In August last year, 0.2% deflation was recorded, so year-over-year, in August this year, inflation rose to 23.8% from 22.2% in July and 21.5% in June.
Underlying inflation jumped even more last month, to 2.1% from 1.2% in July, 1.6% in June and 1.4% in May.
The draft state budget for 2023, which the government approved on Tuesday, is based on a forecast of 4.6% growth in real gross domestic product (GDP) and 37% nominal growth with inflation up to 30% and an average annual exchange rate of UAH 42/$1, Prime Minister Denys Shmyhal said.
The National Bank of Ukraine (NBU) kept the key policy rate at 25% at the September 7 meeting of the Monetary Policy Committee (MPC) unanimously supported MPC members, the NBU said on its website.
The total area of residential buildings for which construction permits have been issued (new construction) in January-June 2022 decreased by 1.8 times (44.5%) compared to the same period in 2021, to 2.5 million square meters, according to the State Statistics Service.
Economic Monitoring’s Project Manager – PhD in Economics, Maksim Urakin
The Club of Experts YouTube channel published a new video overview dedicated to current events and events which will take place from October 31 to November 6, 2022. In the video review the founder of the Club of experts Maksim Urakin together with host Olga Levkun discussed the most important announcements of the events in the nearest future.
Particularly in Ukraine in the coming days there will be several events devoted to reconstruction and development of economy, business and innovations implementation. Among them we can single out Digital Regions Week, the opening of which will take place in Bucha (Kiev region) at the Dia.Biznes center on Tuesday. On Wednesday there will be a presentation of the Interactive map of destruction of the Ukrainian agricultural sector where the Minister of Agrarian Policy Mykola Solskyi and the Head of the VR Committee on Agriculture Daniil Hetmantsev are expected to speak. On the same day the II National Conference “Women’s Leadership on Decentralization and Local Self-Government in the Context of War” will be held.
There are also several important events in the world, the most important of which will be by-elections to the U.S. Senate and Congress on November 8, which will determine the party composition of these bodies for the next 6 years. On the economic front, the ADIPEC 2022 strategic oil and gas conference in the UAE and the UN climate change conference in Sharm el-Sheikh, Egypt will be of interest.
As for sport events we should mention the next matches of the leading Ukrainian clubs in European competitions, you can read more detailed information about them at sport.ua.
About these and many other events you can watch in the new video on the Club of Experts channel by the link:
Subscribe to the Club of Experts channel here – https://www.youtube.com/channel/UC4plQ0XBaoLOKPIXrb1aMGQ
ANNOUNCEMENTS, ATALYTICS, CLUB_EXPERTS, EVENTS, URAKIN, ЛЕВКУН, МАКСИМ_УРАКИН
