It seemed like just yesterday we were wrapping up 2022, and today we've already left the first half of January in the new year behind us. Ukrainian businesses boldly entered 2023, despite missile attacks and a challenging situation in the country. Find out what concluded the old year and welcomed the new one in our monthly news digest.
Despite rocket attacks and power outages, the Kyiv International Economic Forum (KIEF) took place in the heart of war-torn Kyiv, making it the most unique edition in its history. KIEF-2022 focused on strategies for building a new, modern, and competitive country in turbulent global conditions, under the theme "Ukraine that Wins." Over 700 offline participants, including government officials, business representatives, entrepreneurs, investors, and international partners, joined the forum, along with 3600 participants through online streaming.
Getmancar is a Ukrainian car-sharing service established in 2018 with 130,000 registered users. It operates in Kyiv, Dnipro, and several regions in western Ukraine: Lviv, Ternopil, Ivano-Frankivsk, Zakarpattia, and Volyn. In June 2021, Getmancar allowed users to rent out their own cars, and in December, it launched electric car rentals.
The application operates in two cities: Batumi and Tbilisi. 'For every five new jobs, we create an additional job for Ukrainians – mid-level and higher-level managers overseeing processes. We continue to work in Ukraine, planning to further develop the service and enter new international markets,' says Taras Getmansky, the CEO of the company.
Source: the village
For the past 10 years, Ukrainian businesses have been learning to weather major shocks, from the financial crisis in 2009 to the COVID-19 pandemic in 2020. Today, the business landscape is marked by the risks of data loss or process interruptions due to emergency power outages and missile strikes. Stagnation is unacceptable for the Ukrainian economy, so companies began automating their processes and adapting their work to new conditions as early as spring to keep business activities running. The challenges of wartime require a reevaluation of processes, not just the purchase of generators and Starlink.
Eugene Postolnyk, Director of the IT Solutions Department at Konica Minolta Ukraine, discusses the market needs and where Ukrainian large companies have invested over the past year.
"We founded Novoye Vremya (New Time) before the annexation of Crimea, and this name no longer aligns with our values. We have always defended and promoted personal and economic freedoms in Ukraine, advocating for pro-Western social, political, and economic transformations. Today, we no longer want to have anything in common with the language and culture of a country that stands in opposition to everything we have believed in and fought for all these years," explained Vitaliy Sich, the chief editor of the project.
Analysts from 'LUN' have summarized the real estate market in Ukraine for 2022. With investments in construction, the average cost of the cheapest 1-bedroom apartments in new buildings increased in hryvnia in all regions of the country: Kyiv – 2.33 million (+66%), Lviv – 2.07 million (+57%), Odesa – 1.54 million (+70%). Developers justify the price increase with the rising cost of construction, a shortage of building materials, and labor.
Denys Sudilkovsky, the Marketing Director of 'LUN,' believes that Ukraine is facing a stage of 'large-scale residential construction' in 2023. 'Due to the war and economic losses, housing has become less affordable, and the demand for it is much more acute. It can already be stated that over a million families in Ukraine need new housing. Satisfying this demand with already built apartments is impossible: there is no such quantity of apartments available for sale.
Source: the village
Even after 10 months of war and a worsening economic situation in the country, Ukrainians continue to actively give gifts to their close ones. Data from a comprehensive sociological study by Pace Panel, conducted by Publicis Groupe Ukraine in collaboration with the globally renowned research company Global Web Index, revealed that 48% of Ukrainians continue to exchange gifts. This percentage is higher than in European countries and the USA, as in the Czech Republic, it's 32%, in Spain, it's 30%, and in the USA, it's 21%. In the pre-holiday Christmas period, interest in such purchases increases by 5-7% in other countries but still does not exceed the indicator in Ukraine. Additionally, the data shows that Ukrainians prefer specific items, whereas in the USA, 20% opt for gift certificates.
"This will be the first store in Europe and one of the first in the world," noted Valeriy Yakovenko, co-founder of the company DronUA, which imports charging stations from the manufacturer. EcoFlow provides charging stations that can power household appliances. Against the backdrop of power outages, household power banks have become one of the most popular products, and due to high demand, most charging stations require a waiting period of over two months from the time of ordering. The exact opening date of the store is currently unknown.
Source: the village
The First Line restaurant chain, which includes such Kyiv establishments as 'Beloved Uncle,' 'Life of Wonderful People,' and 'Italian Edition,' has opened a bistro in the Canary Islands. The network's owners have developed a menu with a 'Canarian accent.' Initially, the bistro will operate during the traditional dinner hours, starting from 19:00. Further schedule changes will be announced later.
The full-scale invasion by Russia on February 24, 2022, caused the most significant crisis in the Ukrainian job market. Before the war, employers posted over 100,000 job vacancies on Work.ua every month. In March alone, the number of job offers dropped by 15 times. Since then, month after month, the job market has been recovering and entered 2023, restoring itself to half of the pre-war level. Details about the dynamics of vacancies, the most in-demand specialists, and positions with the highest salaries can be found in the article.
Ukrainians in Poland will now be able to send and receive large shipments up to 1000 kg to and from Ukraine through Nova Poshta. These shipments can include not only compact parcels and documents but also large items such as big suitcases with personal belongings and oversized factory-packaged equipment like new generators, batteries, and charging stations, which are currently exempt from customs duties and clearance taxes. Delivery is available to any cargo branch of Nova Poshta in Ukraine or to the recipient's address.
The American car company Tesla has reduced prices for its electric cars in the USA and Europe, following a new strategy of active discounting developed after receiving forecasts of declining sales. The percentage of the discount varies in different countries.
The company hopes that by introducing discounts, they will increase sales despite pessimistic forecasts. At the same time, some users on Tesla's online forums complained that the price reduction put customers who recently purchased their cars at a disadvantage.