Business news from Ukraine

Business news from Ukraine

85% OF UKRAINIAN BUSINESSES PARTIALLY OR COMPLETELY STOPPED WORK BECAUSE OF THE WAR – STUDY

Some 85% of 355 business representatives polled by Gradus Research with the support of the Kiev School of Economics (KSE) as part of their study partially or completely suspended the work of their companies due to the war.
“The war has made significant changes in the work of Ukrainian business: about 85% of the business stopped working in partial operation or even stopped work altogether, among which 1% stopped their activities and do not plan to resume, and 35% suspended it, waiting for better times,” the authors of the study said. release on the CSE website.
At the same time, sectoral transformation as one of the ways to save a business from closure turned out to be relevant for 37% of the enterprises that took part in the study – in 21% of cases, a business is in the process of sectoral transformation. At the same time, 16% of respondents have completely or partially transformed, and the same number can potentially join this process.
“The most popular business areas since the beginning of the war have been the retail trade in food and non-food products – in total, up to 24% of the businesses that took part in the study account for these two areas,” the release says.
According to Gradus, 86% of businesses are operating with less workload than before the war, but there are those whose workload has even increased.
“As the difficulties that arise in organizing the work of a business, half of the audience cites a lack of orders. Up to a third of respondents (29%) complain about problems with logistics,” the researchers said.
With regard to government assistance, 37% of respondents, according to the results of the study, are counting on tax holidays.
Other expectations include assistance with organizing logistics, access to cheaper finance, product promotion and keeping key employees from going abroad, military service.
The authors of the study note that the difficult times of business significantly affect the financial support of employees and suppliers – 3-5% of businesses pay relatively large payments, 14-19% make payments at the pre-war level. Other businesses have either reduced the share of payments or stopped altogether – 39% do not pay wages, and 29% do not pay suppliers.
The report clarifies that the survey was conducted by the method of self-completion of the questionnaire in a mobile application in cities with a population of more than 50 thousand people, the sample was 355 respondents.

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EU-CHINA SUMMIT: FOCUS ON THE WAR IN UKRAINE AND ITS IMPLICATIONS FOR THE WORLD

During the summit of the leaders of the European Union and China, which will be held on April 1, the main topic of discussion will be the war waged by Russia against Ukraine and its negative impact on the global security, economic and trade systems.
This was announced by the European Commission on the eve of the summit.
“Given the severity of recent developments, discussion during the summit is expected to focus on Russia’s unjustified and unprovoked aggression against Ukraine and its negative impact on the rules-based system, global security and economy,” the press release said.
In addition, the EU and Chinese leaders will review a comprehensive bilateral agenda between Brussels and Beijing, including trade and investment relations, climate action, digital technology, human rights, post-pandemic economic recovery, and regional issues.
The summit will be held in the format of a videoconference. The EU will be represented by the Presidents of the European Commission Ursula von der Leyen and the Presidents of the European Council Charles Michel, with the participation of High Representative Josep Borrell, China – Prime Minister Li Keqiang.

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THE EU BEGINS NEGOTIATIONS ON UKRAINE’S ACCESSION TO A PROGRAM THAT WILL ALLOW THE RESTORATION OF THE ECOSYSTEM AFTER THE WAR

The European Commission begins negotiations on Ukraine’s accession to the Life for Climate and Environment Program, which will allow receiving EU support in restoring the ecosystem after the war waged against it by Russia.
“Today, the European Commission begins negotiations with Ukraine to offer the country the opportunity to join the Life for Climate and Environment Program,” European Commission spokesman Adalbert Janz said at a briefing on Thursday.
According to him, by joining the Life Program, Ukraine will benefit from European support in rebuilding its environment after the destruction caused by the Russian attack. In particular, we are talking about heavy pollution and damage caused to the ecosystem. “This will be useful in order to secure the long-term well-being of the country and its sustainability,” he stressed.

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UNITED NATIONS: WAR IN UKRAINE KILLS AT LEAST 1,151 CIVILIANS

Losses among civilians since February 24, 2022, when Russia started the war against Ukraine, until 24:00 on March 27, 2022, amounted to 2,975 civilians (2,909 in the report a day earlier), including 1,151 dead (1,119), the Office of the UN High Commissioner for Human Rights reported on Monday.
“OHCHR believes that the actual figures are considerably higher, as the receipt of information from some locations where intense hostilities have been going on has been delayed and many reports are still pending corroboration,” the document says.
This concerns, for example, Mariupol and Volnovakha (Donetsk region), Izium (Kharkiv region), Popasna and Rubizhne (Luhansk region), and Trostianets (Sumy region), where there are allegations of numerous civilian casualties. These figures are being further corroborated and are not included in the above statistics.
“Most of the civilian casualties recorded were caused by the use of explosive weapons with a wide impact area, including shelling from heavy artillery and multiple-launch rocket systems, and missile and air strikes,” the report said.
According to confirmed UN data, 229 men, 171 women, 34 boys and 15 girls died, while the sex of 54 children and 648 adults has not yet been determined.
Among the 1,824 injured, there were 34 girls and 26 boys, as well as 73 children, whose sex has not yet been determined.
Compared to the previous day, four children were killed and seven were injured, according to the UN.
OHCHR points out that in Donetsk and Luhansk regions, as of midnight on March 28, there are 317 (301) deaths and 700 (694) injured in the territory controlled by the government, and 60 (59) deaths and 228 (227) injured in the territory controlled by the self-proclaimed “republics.”
In other regions of Ukraine under government control (in Kyiv, as well as in Zhytomyr, Zaporizhia, Kyiv, Sumy, Odesa, Mykolaiv, Kharkiv, Kherson, Dnipropetrovsk, Cherkasy and Chernihiv regions), the UN recorded 774 (759) dead and 896 (869) wounded .
The report also states that, according to the Ukrainian Prosecutor General’s Office, as of 08:00 on March 28, some 143 (139) children were killed and 216 (205) injured.
The increase in indicators in this report compared to the figures in the previous report should not be attributed only to new cases that occurred on March 27, since OHCHR also verified a number of cases that occurred in previous days during the day, the document specifies.

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DAMAGE TO UKRAINE’S INFRASTRUCTURE FROM WAR ALREADY AMOUNTS TO $63 BILLION – KYIV SCHOOL OF ECONOMICS

As of March 24, 2022, the KSE Institute estimated damage to Ukraine’s infrastructure from the war in the country at $62.9 billion, or UAH 1.8 trillion, while its analysts increased the amount by $3.5 billion over the past week, according to a press release. release of the analytical division of the Kiev School of Economics KSE Institute.
“Compared to the data released on March 17, taking into account the new received more accurate data on damage (as a result of which certain items of losses were revised downward), the net increase (in damages) was $ 3.5 billion,” according to the KSE Institute. on Friday, citing data analysis from the Russia Will Pay project.
Analysts estimate that since the beginning of Russia’s full-scale invasion of Ukraine on February 24, the occupiers have damaged, destroyed or seized at least 4,431 residential buildings, 92 factories or businesses, 378 educational institutions, 138 healthcare facilities, eight civilian airports and 10 military airfields, seven TPP and HPP.
At the same time, over the course of a week, analysts received more detailed data from the Ministry of Infrastructure on the destruction of infrastructure facilities, on the basis of which, in a number of areas – railway infrastructure, bridges and bridge crossings, civil airports – the damage assessment was reduced.

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UNITED NATIONS: CIVILIAN TOLL OF WAR IN UKRAINE AT LEAST 1,104 DEAD

The Office of the UN High Commissioner for Human Rights (OHCHR) has documented 2,858 civilian casualties (2,788 a day before) in the country, including 1,104 (1,081) killed (from February 24 when the Russia invaded Ukraine to 24:00 midnight on March 25, 2022 (local time).
“OHCHR believes that the actual figures are considerably higher, especially in Government-controlled territory and especially in recent days, as the receipt of information from some locations where intense hostilities have been going on has been delayed and many reports are still pending corroboration,” the UN said in the document.
According to him, this applies, for example, to Izium (Kharkiv region), and Mariupol and Volnovakha (Donetsk region), Severodonetsk and Rubizhne (Luhansk region), Trostianets (Sumy region), where there are allegations of hundreds of civilian casualties. These figures are being further corroborated and are not included in the above statistics.
“Most of the civilian casualties recorded were caused by the use of explosive weapons with a wide impact area, including shelling from heavy artillery and multi-launch rocket systems, and missile and air strikes,” the UN said in the report.
According to confirmed UN data, some 221 men, some 221 women, 30 boys and 15 girls killed, while the sex of 51 children and 620 adults has not yet been known.
Among the 1,754 injured, some 30 girls and 24 boys, as well as 70 children, whose sex is yet unknown.
Compared to the previous day, three children were killed, and four more children were wounded, according to the UN.
OHCHR said that in Donetsk and Luhansk regions, as of midnight March 26, there were 295 (285) dead and 681 (672) injured in government-controlled territory, and 59 (59) dead and 227 (224) injured in territory controlled by self-proclaimed “republics.”
In other regions of Ukraine under government control (Kyiv, as well as in Zhytomyr, Zaporizhia, Kyiv, Sumy, Odesa, Mykolaiv, Kharkiv, Kherson, Dnipropetrovsk, Cherkasy and Chernihiv regions), the UN recorded 750 (737) killed and 846 (811) wounded.
OHCHR notes the report of the Prosecutor General’s Office of Ukraine, according to which as of 8 a.m. (local time) 26 March, 136 (135) children had been killed and 199 (184) injured.
OHCHR also notes the report of the Head of the Investigative Department of the National Police of Kharkiv region, according to which as of 6 p.m. (local time) 25 March, 323 (306) civilians had been killed in the region, including 15 (15) children.
An increase in figures in this update compared with the previous update (as of 24:00 midnight on 24 March 2022 local time) should not be attributed to civilian casualties that occurred on 25 March only, as during the day OHCHR also corroborated casualties that occurred on previous days.

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