Category: 9. Business
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In the next 10 years, Ukraine will continue to suffer from a labor shortage.
According to OLX Robota research, 67% of employers in Ukraine have already faced a personnel crisis, caused by mobilization and the population’s migration abroad. Companies solve the problem differently: 29% increase their motivation package, 28% employ young people, 21% prefer hiring women…. Continue Reading
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Ukrainians will have to live with blackouts for a long time: there is a lack of frequency and money to restore generation.
The Economist notes the difficult situation: “There is too little time left and too few billions of dollars needed to install several hundred small power plants, restore bombed-out facilities, or build wind and solar power plants. Regular blackouts will become commonplace in Ukraine.” For… Continue Reading
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Ukraine is disappointed with the NATO summit results, while the Kremlin threatens to strike EU capitals in response to the placement of American missiles.
According to BILD, the leadership of Ukraine is disappointed that even after the bloody shelling of a children’s hospital in Kyiv, the participants of the NATO summit in Washington did not hand over new offensive weapons to Ukraine and did not allow them to attack targets deep in the… Continue Reading
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The EU is in a hurry to issue a $50B loan to Ukraine backed by the Russian frozen assets.
The European Commission plans “very soon” to propose a $50B loan to support Ukraine and finish all the legislative work for it by the end of the year, says the Commissioner for Economy, Paolo Gentiloni. The aid plan based on the proceeds of frozen Russian assets will also be discussed by… Continue Reading
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More than 60 MEPs demand to deprive Hungary of the right to vote in the EU.
63 European Parliament members demand that the leadership of the EU deprive Hungary of the right to vote in the EU due to the actions of Hungarian Prime Minister Viktor Orbán, writes Politico. The MEPs sent a corresponding letter to the head of the European Commission, Ursula von der Leyen,… Continue Reading
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Ukraine has increased gas production to a record level; there will be enough fuel in storage for new gas generation.
In six months, state company Ukrgazvydobuvannya set another record for gas production with 6.9 billion cubic meters of commercial gas, which is 8.8% more than in the same period last year. According to the head of the company, Serhiy Lagno, during this time, 41 new wells were put into… Continue Reading
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Ukraine lacks ₴500B to finance planned expenditures this year, although the financial sector has increased tax payments by 170%.
According to the head of the Budget Committee, Roksolana Pidlas, to finance the necessary expenses, the state budget for 2024 lacks about ₴400-500B ($10-12B). The question of funding the state budget of Ukraine for 2025 and the possibility of attracting $50B from Russian assets remains open…. Continue Reading
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ECA supported Ukrainian exports by ₴4.6B in half a year, the indicator increased by 150%.
In the first half of the year, the Export Credit Agency of Ukraine increased the volume of export support by almost 150% compared to the corresponding period last year – up to ₴4.6B. It is noted that banks recognize ECA insurance as sufficient collateral for a loan, which simplifies and… Continue Reading
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In Ukraine’s foreign trade, imports still significantly prevail over exports.
According to the State Statistics Service, Ukraine imported goods worth $27.55B in January- May, which is 8.3% more than last year’s corresponding period. At the same time, exports increased by 1.7% to $16.83B. Thus, the negative balance amounted to $10.7B (last year, it was also negative –… Continue Reading
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Banks invested 25% of assets in OVDP, so the NBU sees no need for further stimulation.
The National Bank believes there is no need to stimulate banks to increase investments in domestic government bonds (OVDP). In January 2023, banks introduced the possibility of covering mandatory reserves thanks to the benchmark OVDP. However, starting mid-February this year, the MoF did not… Continue Reading