Business news from Ukraine

Business news from Ukraine

WINE INDUSTRY REPRS WILL HOLD SPECIALIZED FORUM IN ODESA IN MAY 2022

Producers and processors of grapes, as well as representatives of the wine industry will hold the international forum Odessa Wine Week in Odesa on May 25-29, the event will unite the efforts of the Ukrainian wine-making community aimed at developing the Ukrainian wine market, wine and gastronomic tourism, popularizing and promoting the Ukrainian Wine brand and the integration of Ukraine into the world wine community.
This was announced by the organizers of the event – head of the Ukrsadvinprom public organization Volodymyr Pechko, head of the Expo-Yug-Service projects Bella Khanameryan and head of the wine technology and sensory analysis department of the Odesa National Academy of Food Technologies Oksana Tkachenko at a press conference at Interfax- Ukraine.

According to Ukrsadvinprom head Pechko, his association organizes an annual forum, which was first held this year in Odesa, since this site allows to gather the leading experts of the wine industry, scientists, oenologists (experts in evaluating vineyards), winemakers, government officials, national and foreign wine associations, tourism industry, HoReCa and retail, sommeliers, journalists, wine traders and producers of related products and technologies to popularize Ukrainian wines.
“Last year, one could taste 305 samples from 65 wineries in Ukraine. That is, in one place you can taste Ukrainian wines: craft winemakers, medium-sized producers with vineyards of 40-60 hectares, and large producers from all over Ukraine,” Pechko said.

The organizer of the forum, Bella Khanameryan, specified that this year 30 companies have become partners of the event. In addition, 87 speakers and experts from 18 countries spoke at Odessa Wine Week 2021, profile reports and discussions were held on 40 topics, over 3,000 people attended the event.
According to her, in 2022, projects were announced at the forum, including talks about wine and Ukraine’s integration into the world wine community Wine Future Forum, as well as the Odessa Wine & Spirit Awards competition.
“In 2022 we will have a creative competition for the best label. We will have a sailing regatta, a special program “Women in Winemaking,” evening performances, musical and artistic performances, exhibitions, biennials, everything that can be shown in the culture of drinking, pay attention to wine as part of the cultural code of the country,” Khanameryan explained.
According to Oksana Tkachenko, Ukrainian industry representatives see recognition in other countries of the world among their strategic goals.
“We already see interest from our closest neighbors, we are waiting for delegations from such countries such as Uzbekistan, Georgia, Armenia, who will not only come to show themselves, but we are preparing educational projects for them, within which they will visit wineries and participate in educational project in B2B and B2C formats,” she said.
Ihor Vishtak, the director of the agrarian development department of the Ministry of Agrarian Policy and Food of Ukraine, who participated in the press conference, said that his department has already allocated UAH 450 million of compensation to support horticulture, viticulture and hop-growing in 2021, of which UAH 200 million for planting material, the construction of trellises for growing climbing plants and drip irrigation (of which – UAH 9 million for viticulture), and UAH 250 million – for the construction and reconstruction of facilities for these crops (including UAH 19 million – for the construction of facilities and the purchase of wine-making lines).
Interfax-Ukraine and the Experts Club acted as partners of Odessa Wine Week.

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EXPERTS CLUB PRESENTS ANALYSIS OF CURRENT MACROECONOMIC INDICATORS OF UKRAINE – VIDEO

Within the framework of the YouTube project Experts Club, the Macroeconomic Review column has been launched on a monthly basis. In the December issue, the founder of the project, Ph.D. in Economics Maksim Urakin analyzed the main macroeconomic indicators of Ukraine; the video contains diagrams and illustrations dedicated to the current statistics of Ukraine.
Thus, according to the State Statistics Service, the population of Ukraine for incomplete 2021 decreased by more than a quarter of a million people.
In foreign trade, China confidently ranks first among the trading partners of Ukraine, while India was in the first position among the countries in terms of trade surplus.
In addition, up-to-date data were studied, statistics from the state employment center were presented and the ratio of unemployed to vacancies was derived. The industries with the highest unemployment rates as of November 1, 2021, as well as the indicators of the average monthly wage in the regions were analyzed.
Also, the analytical video presents the TOP-20 countries of Ukraine’s trading partners in terms of foreign trade turnover in January-September 2021.
To see a full video on the Experts Club YouTube channel, follow the link:

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FIRST EVENT TO POPULARIZE UKRAINIAN WINES HELD IN EXPERTS CLUB

The Kyiv analytical center Experts Club hosted the first of a series of events dedicated to the popularization of Ukrainian wine and the prospects for the development of the Ukrainian wine industry, as well as the analysis of the products of the best producers of domestic wine. The event was held with the participation and support of the Odesa National Technological University and the Ukrsadvinprom association.

During the meeting, the participants heard the report of the Doctor of Agricultural Science, Professor of the Odesa National Technological University Natalia Kameneva on the topic “Sensory analysis – an innovative tool for the development of the wine sector.”

During the presentation, the results of the activities of the wine industry in 2020 were presented. So, last year, Ukraine exported 14.4 million liters of wine, which is twice as much as in 2019, while the import of wine to Ukraine in 2020 increased by 22% compared to 2019.

In addition, Natalia Kameneva presented a scientific and educational laboratory for sensory analysis of wines, opened at the National Academy of Food Technologies and successfully accredited in accordance with international quality standard ISO 17025: 2019.

“Today the laboratory meets all requirements and standards, it was created for sensory analysis of food products in accordance with international standards, training and education of experts in sensory analysis, research of consumer preferences in the field of sensory analysis of food products,” he scientist explained.

The founder of the Experts Club, Maksim Urakin, stressed that the center is ready to become a platform for the popularization of Ukrainian wines.

“I believe that many varieties of Ukrainian wine remain underestimated in the consumer market. Within the framework of this project, we will try to change the situation,” he said.

The head of the Ukrsadvinprom association, in turn, added that state support for domestic winegrowers and winemakers is still at a low level, which leads to the filling of the market with imported wines, including low-quality ones.

“We have the largest association in the country, which includes 80% of Ukrainian wine producers, we would like the state to systematically work on programs to support Ukrainian producers, both the consumer and the budget will benefit from this,” Volodymyr Pechko said.

Also, within the framework of the meeting, an organoleptic analysis of the quality of eight samples of leading Ukrainian wine producers was carried out. The wines of such Ukrainian producers took part in the tasting: SHABO, Artwinery (Artemivsk Champagne Factory), Prince Trubetskoi Winery, Frumushika, Beykush winery, Villa Tinta, Stakhovsky Wines, Leleka wines.

The event was held in partnership with the leading international tasting competition Odessa Wine Week. The next Odessa Wine Week festival will be held in Odesa from May 24 to May 29, 2022.

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EXPERTS CLUB LAUNCHES SERIES OF REVIEWS DEDICATED TO 30TH ANNIVERSARY OF INDEPENDENCE, FIRST PROGRAM ABOUT DEMOGRAPHY

The premiere of the first program devoted to summing up the results of the 30th anniversary of Ukraine’s independence in the economic and social spheres took place on the Experts Club Youtube channel.
In the pilot issue devoted to the demographic situation in our country, the founder of the Experts Club, PhD in Economics Maksim Urakin and the leading researcher at the Ptoukha Institute for Demography and Social Studies of the National Academy of Sciences of Ukraine, PhD in Economics Lidiya Tkachenko, analyzed the main trends in changes in the population of Ukraine over the past 30 years, studied the historical data and UN forecasts for the next century.
The guest of the program noted that Ukraine has one of the worst demographic indicators in the post-Soviet space. According to her, this is primarily due to a sharp decline in the birth rate in the second half of the 1990s, early 2000s.
“Since Soviet times, one of the biggest problems of increasing the birth rate has been mass abortions, which have actually become a tool for regulating the population. At the same time, the birth rate until 1990 remained relatively high – on average 2-3 children per family on the territory of the Ukrainian SSR,” the expert noted.
She also added that today the birth of a child in a Ukrainian family is a “heroic act” due to the difficult socio-economic situation, so a surge in the birth rate cannot be expected in the coming decades.
Tkachenko stressed that since the 1960s, there has been practically no positive dynamics in life expectancy in Ukraine. The average age of both men and women in our country is now about the same as it was 60 years ago, despite a significant global progress in the field of medicine and health care.
“This situation is typical for both the late USSR and the post-Soviet period. At the same time, the countries of both Western and Eastern Europe, even those that were part of the socialist camp, showed much more positive dynamics,” the scientist added.
For more details on the analysis of the demographic situation in Ukraine, see the video posted on the Experts Club channel:

You can subscribe to the Experts Club channel here.

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MACRO SUMMARY OF UKRAINIAN ECONOMY IN AUG-SEPT

Dragon Capital has downgraded its forecast for Ukrainian economic growth in 2021 from 4.6% to 3.5% due to unexpectedly worse-than-expected preliminary GDP data for the second quarter of this year, the founder of the company Tomas Fiala has said. The growth of the gross domestic product (GDP) of Ukraine in January-July 2021 became stronger, reaching 2.1%, the Ministry of Economy has said. The President’s Office estimates the growth of Ukraine’s GDP in 2021 at 3.8%, Deputy Head of the President’s Office Yulia Svyrydenko has said.
The real gross domestic product (GDP) of Ukraine in the second quarter of 2021 increased by 5.7% compared to the same period in 2020, the State Statistics Service reported.
The deficit of Ukraine’s foreign trade in goods in January-July 2021 decreased by 26.2% compared to January-July 2020, to $1.725 billion from $2.339 billion, the State Statistics Service of Ukraine has reported. The surplus of Ukraine’s balance of foreign trade in the first half of 2021 fell by 46.3% compared to the first half of last year, to $0.41 billion.
The growth of consumer prices in Ukraine in annual terms in August 2021 remained at the level of 10.2%.
Receipts of the state budget of Ukraine in August 2021 amounted to UAH 142 billion, which is 8.7% higher than the target and 41.7% more than August 2020, according to the data of the Treasury Service.
The total public debt of Ukraine in August 2021 in U.S. dollars decreased by 0.5%, or by $440 million, to $92.53 billion, the Ministry of Finance said on its website.
Industrial production in Ukraine in August 2021 increased by 0.6% compared to August 2020, while in July the growth was 0.2%, in June – 1.1%, in March – 5.4%, and in April – 13%.
Real wages in Ukraine in August 2021 compared to August 2020 grew by 10.9%, compared to July of this year it fell by 2.2%, the State Statistics Service has said.
The volume of construction work performed in Ukraine in July 2021 increased 0.5% compared to the same period in 2020.
Publisher of “Open4Business”, PhD in Economics, Maksim Urakin

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UKRAINIAN UNIVERSITIES MANAGE TO ADAPT TO NEW WORKING CONDITIONS DURING COVID PANDEMIC

Higher education institutions have been able to adapt to new working conditions during the COVID-19 pandemic, which has accelerated the digital transformation.
“We can say that COVID-19 even had a positive impact on the activities of the university. In what way. It accelerated the transition to digital technologies, to create new communication platforms between teachers,” head of the educational department of the Kyiv National University of Construction and Architecture Andriy Shpakov said during the press conference at the press center of the Interfax-Ukraine information agency.
At the same time, he said that the negative side of the issue is that the remote format requires more preparation time.
“Coronacrisis is not only challenges and problems, but also a new window of opportunity and new horizons,” Vice-Rector for Scientific and Pedagogical Work of the Kyiv National Economic University named after Vadym Hetman, Anatoliy Kolot said.
At the same time, Deputy First Vice-Rector, Head of the Scientific and Methodological Department of Ihor Sikorsky Kyiv Polytechnic Institute Serhiy Hozhiy said that their university laid the foundations for distance learning even before the coronavirus pandemic, which made it possible to quickly adapt to the new conditions of the educational process.
Also, head of the Department of Management and Economics of the International European University Yulia Remyha said that the university has fully adapted to the challenges that the pandemic has brought, in particular to distance learning.

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