DIGEST OF NEWS FROM UKRAINE AND THE WORLD. ECONOMY AND BUSINESS
UKRAINIAN REAL ESTATE MARKETPLACE CHANGES NAME AND LOGO

The Ukrainian real estate marketplace for buying, selling, and renting properties, DOM.RIA, officially became DIM.RIA. The product underwent a change in naming and logo. "From the beginning of the full-scale war, we maintained the economic front. Our main tasks were to continue providing jobs, paying taxes, donating, and supporting Ukrainian soldiers. It was then that we initiated the process of changing the product name to once again emphasize that our product is Ukrainian and created by Ukrainians. After finalizing all legal aspects related to the change of the brand, which took a long time, we are ready to officially announce that DOM.RIA is now DIM.RIA," comments Sergey Moldahovsky, Marketing Director and Board Member of RIA.com.

Source: mmr.ua

EFFIE AWARDS EUROPE ANNOUNCES THE START OF SUBMISSIONS

Effie is a global forum that leads, inspires, and supports marketing effectiveness practices and practitioners. The awards are open to all agencies and brands seeking recognition for their most effective marketing efforts that have made changes in society and achieved tangible, measurable results. The submission process for this year starts on May 8th. As part of the collaboration between Effie Awards Europe and VRK as the organizer of Effie Awards Ukraine, Ukrainian entries will have special conditions, with free participation until the first deadline (July 31).

Source: mmr.ua

ZARA, BERSHKA, PULL&BEAR MAY RESUME OPERATIONS IN UKRAINE

"The Ukrainian Inditex team discusses the possibility of returning to Ukraine with the central office every month and awaits the opportunity to reopen," says M. Havryushyn, head of the Ukrainian Council of Shopping Centers (URTSC), who communicates with the Inditex headquarters. The Spanish retail giant, owner of popular brands like Zara, Bershka, Stradivarius, P&B, Massimo Dutti, suspended its operations in Ukraine at the beginning of the full-scale war. If Inditex decides to reopen, preparations could start in July and take about a month, according to Havryushyn. Then, the retail points might open "in the window" from August to November.

Source: sostav.ua

 

RELEVANCE OF THE CORRUPTION ISSUE FOR CITIZENS AND THEIR UNDERSTANDING OF ITS CAUSES IN UKRAINE

As part of the regular sociological monitoring by Factum Group Ukraine under the theme "Corruption. Citizens' Perspective," a quantitative study was conducted. According to the population of Ukraine, combating corruption is the number one priority for the country's reform. 81% of respondents believe that the fight against corruption is one of the top 5 most prioritized tasks out of 14 listed in the proposed list. In the relevance ranking, it surpasses healthcare reform, judicial reform, education reform, pension reform, and military reform. According to the population, the reasons for corruption are the lack of accountability and impunity of corrupt officials due to ineffective laws and the judicial system (38% of respondents); corruption within the government (18%); the citizens themselves (14%); human greed (11%), and poverty (8%).

Source: sostav.ua

UKRAINIAN IT COMPANY LEADS THE RANKING OF BEST EMPLOYERS DURING WARTIME

The Ukrainian co-founding IT company Genesis topped the list of the best employers during wartime according to Forbes Ukraine. This is the first study of the domestic job market during wartime, becoming the largest in the history of the Forbes rating with 28,663 respondents. Genesis participated in the employer ranking for the first time and scored 87 out of 100 possible points. The company received the maximum score in the categories of "Development Opportunities," "Sense of Security," and "Social Package.

Source: mmr.ua

NOVA POSHTA TO OPEN ACCOUNTS AND ISSUE PAYMENT CARDS

NovaPay, the payment system of Nova Poshta, received an expanded license from the National Bank of Ukraine, allowing it to provide new services to individuals and businesses. These services include opening and servicing accounts for private and corporate clients, issuing cards to individuals, providing acquiring services for businesses, facilitating transfers without opening an account, providing loans, accepting and dispensing funds, and more. The regulator adopted the relevant decision on April 28, 2023, as reported by the postal service's press service.

Source: sostav.ua

 

1025 ENTRIES FROM 33 COUNTRIES TO COMPETE FOR KMFU 2023 AWARDS

The KMFU 2023 has registered 1025 entries, which is 25% more than the previous year. Similar to last year, the majority of entries came from Ukraine. The total number of participating countries is 33. The largest number of entries from foreign participants came from France, Georgia, and Latvia. The largest competition this year is the PEACE contest, created for works and campaigns that counter war, aggression, genocide, crimes against humanity, including the ongoing war in Ukraine. The judging process began on May 3, and the names of the winners will be announced at the end of the month.

Source: mmr.ua

 

DEMAND FOR IPHONE RECOVERS

Sales of Apple Inc.'s iPhone recovered in the last quarter, helping the world's most valuable company exceed revenue forecasts and weather an industry-wide downturn that affected a significant portion of its product lineup, according to Bloomberg. The company reported a total revenue of $94.8 billion in the second fiscal quarter, surpassing analysts' forecasts of $92.6 billion. Although sales dropped by 2.5% during this period, the company had warned investors that the decline would be roughly twice as much. These results indicate that Apple is starting to recover from the downturn that affected both the computer and smartphone industries.

Source: sostav.ua

PRIVATE LABELS IN WARTIME: WHY IT'S BENEFICIAL

Private labels (PL or Private Label) in retail are a widespread practice, both globally (especially in Europe) and in Ukraine. Almost every retail network has several PLs covering from tens or hundreds to thousands of product positions. Mostly, these are food products, personal care and hygiene items, pharmaceutical assortment (teas and dietary supplements), household and construction equipment, pet food, and much more. Private Label holds a strong position in European markets (according to Gfk data). In 11 European countries, PLs in retail exceed 30%, and in 4 countries, it even reaches 40%. Research shows that in crisis conditions, consumers predominantly choose PLs, explained by the affordability of goods and services. With the rise in inflation, private labels help consumers cope with increasing expenses.

Source: delo.ua

 

HOW UKRAINIAN PREMIUM BRANDS WORK DURING WAR: EXPERIENCE OF JEWELRY, WATCH, AND CLOTHING MANUFACTURERS

They inquired about how it works for Ukrainian brands Gunia, Guzema, Zavod, and Anoeses. The story unfolds about how Guzema ordered jewelry from a basement in an occupied city, the military became the target audience for Zavod, and the erotic clothing brand Anoeses began to grow in the Ukrainian market. They also learned why Gunia had to find new clay for ceramic production; what new communication rules emerged for non-essential product manufacturers; and how business processes had to be adapted to new realities. Read more in the article.

Source: the village

 

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