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In August, the index of business activity expectations calculated by the National Bank was 48.4 compared to 44.4 in July. Gradual adaptation to permanent power outages and establishment of alternative power sources, budgetary funding for infrastructure restoration and road construction, stable domestic demand and sufficient supply of goods, stable operation of the sea corridor, and the seasonal factor all positively impacted business expectations in all sectors. However, the deterioration of the security situation, the increase in shelling of energy facilities

The 1,000 largest Ukrainian enterprises generated nearly ₴7.2T in net income in 2023, 19.4% more than a year earlier. These companies sold 54% of Ukraine’s total production volume (52% in 2022). In 2023, 23% of the top 1,000’s composition differed from the previous year. 233 enterprises left the list due to a drop in turnover, bankruptcy, or destruction. The economic sectors with the most representatives are the food industry (139 companies), the oil and gas industry (115), the electric power

During the three months of the war, Ukrainians formed more than 30,000 enterprises. The majority of these are computer programming businesses, reported the Ministry of Digital Transformation. In total, during the three months of the war, 31,266 enterprises were registered, of which 26,386 Ukrainians became private entrepreneurs (FOP). The most significant number of new enterprises were registered in Lviv, the Dnipropetrovsk area, and Kyiv. Also, Ukrainian companies are actively using the business relocation support program. In general, in the first

 In the last week of May, 4,454 new Individual Entrepreneurs (FOPs) were registered, the largest figure since Russia’s full-scale invasion of Ukraine. As well, the number of registrations of new legal entities is stable, with 643 new companies formed in the last week, reported Opendatabot. “This is the average rate of registration of legal entities in May and exactly 10 times higher than in the first week after the opening of the register two months ago,” the statement said. In

 Small and medium-sized enterprises (SMEs) have suffered direct losses of $64-85B in the 75 days since the war began, stated the Advanter Group. SMEs have a total funding need of $54B, with 87% of companies in need of funding. In general, the business expects sales to decrease by 46% compared to 2021. In May, the business activity index reached its lowest level since December 2020 and is currently  33.82 points out of 100 possible points. This indicator reflects the ability

“Diversification of sources of nuclear fuel supply is one of our priorities in the context of energy security for our country. In addition, Ukraine has fulfilled all the technical conditions to ensure the integration of the unified energy system into the European network ENTSO-E’, said the Prime Minister. The parties also raised the issues of cooperation in the field of waste disposal and recycling. In addition,, Shmyhal emphasized that Ukraine was ready to further develop cooperation in the field of

reports the central bank. Now, the trend line seems headed to the high levels of the start of the Zelenskiy Presidency. Agriculture and trade were the locomotives of a 4 point increase in the Business Expectations Index maintained by the National Bank of Ukraine.

at the U.S.-Ukraine Foundation’s annual Business Expo. Hosted in Washington, the virtual conference brings together American and Ukrainian participants and observers of Ukraine’s contemporary business scene. Signups here.

Legalized gambling will bring in $270 million in new tax revenues in 2021, Hetmantsev predicted in the Radio Svoboda interview. Gambling in high-end hotel casinos is to start in Ukraine next year.

Ukrainian Insurance Group, a unit of Vienna Insurance Group, has paid $1.3 million for a cargo of wheat destroyed on August 4 in the massive port explosion in Beirut. The cargo was insured against all risks, the company said.

In 2021, Ukraine’s air travel will only rebound to half the level of 2019, Infrastructure Minister Vladyslav Krikliy estimated in a year end interview with Channel 24. The 2019 level 25 million passengers will only be attained in 2023, he predicts.

President Zelenskiy signed on Friday the national budget for 2021. Expenditures are to be $46.5 billion and revenues are $38.2 billion. The deficit of $8.3 billion is to be 5.5% of GDP, forecast at $150 billion. For the Big Construction roads program, $5.3 billion is to be spent.

Wizz Air plans to fly from Vinnytsia, its sixth Ukrainian city, Vinnytsia Mayor, Serhiy Morgunov, told Avianews. He said: “We are talking about the potential opening of flights from Vinnitsa to Berlin, Budapest, Vienna and Warsaw.” The Budapest-based discount carrier currently flies from Kyiv Sikorsky, Kharkiv, Lviv, Odesa and Zaporizhia.

The budget is built around these numbers for 2021: GDP growth — 4.6%; inflation — 7.3%, public debt to GDP at 65%; average exchange rate — UAH 29.1 per dollar (versus UAH 28.39 today). Starting Friday, the minimum monthly wage increases to UAH 6,000, or $211. The budget predicts an average monthly salary of $480.

In 2021, the Infrastructure Ministry plans to spend $21 million to upgrade the runway of Vinnytsia, the nation’s 11th busiest airport. At the same time, the city is going to upgrade the terminal to simultaneously handle two medium haul jets of the Boeing 737 size. In 2018, the airport handled 60,000 passengers, a recent peak. After losing UIA service to Boryspil that year, the airport reverted to only serving charter flights.

Retail sales for this year through November are up 8% in real terms, compared to the same 11-month period in 2019, reports the State Statistics Service. In November alone, retail sales were up 12.1% yoy in real terms. Analysts say this indicates that merchants were able to work about the three weekends of retail lockdown in November.

Starting today, Turkey, the top foreign travel destination for Ukrainians, requires a negative result of PCR coronavirus test performed 72 hours before arrival. Egypt, the other leading destination for Ukrainians, adopted a similar requirement earlier this month.

Concorde Capital’s Evgeniya Akhtyrko writes: “Retail sales in Ukraine are booming, backed by fast growth of real wages. Strong household consumption is helping the economy to offset falling investments.”

Investments were down 24% in the third quarter, compared to the same July-September period in 2019. The Central Bank attributes this to uncertainty over the Covid-19 pandemic and freezing of solar and wind projects due to unpaid electricity bills by the state.

To mitigate the impact of the upcoming Covid quarantine, the government last week distributed $80 million in aid to 278,000 employees and small business owners, the Digitalization Ministry reports. With all applications coming in through the new Diya, or Action, portal, the government plans to make all payments by this Thursday. Each payment is UAH 8,000, or $283.