tv [untitled] October 22, 2022 12:30am-12:58am EEST
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to say that we have our second economic front and it is extremely important for us that we get a victory on this economic front victory in our economic growth in economic recovery and uh, regarding the sanction i we we analyzed the 8th package of sanctions and we insist on that and with as partners, we continue to say that there is iron ore, cast iron, general fertilizers, of course, naftogaz, it should be full of velvet, all the articles of export of russia, where they have the opportunity to receive income and, of course, to finance the war in ukraine should be leveled, so you are absolutely right, it is important for us to continue this sanctions pressure. i think that there are no other tools that can put pressure on the russian economy today, and from this side, what we have to do is to continue to recover to promote the development of business because we, and i think that the
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national bank correctly formulates it, he says that we have relative macroeconomic stability, but this flexibility on the fragility of the ukrainian economy still gives us hope that we will be able recover we have different scenarios depending on the fact that what will happen in the military plan was 16 scenarios developed, four were taken as a basis if we have the war ends by the end of this year if next year if in a year and for all these scenarios were developed by a certain mechanism, a set of tools , how we should support the economy and 6% 16 military scenarios - four scenarios were taken as the basis for the development of the macro forecast, and here you have probably seen one of the most optimistic scenarios. 15+ growth is the most pessimistic of these four - this is a realistic optimum for recalculating the budget, where growth is 4.4%. we will return to this later, but if you want, now these days are very
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industry was very actively involved. that is, all the enterprises there are 46 enterprises that are involved in the implementation of mobilization tasks from the first day. what you saw there was a crisis. by the way, the question is very important because uh, this is a question of our becoming an energy-dependent state, and it was also very important to do this, and we, as a country that was completely dependent on russia from belarusians or the supply of diesel fuel and gasoline, since march month they started importing there, it was also diesel, gasoline, liquefied gas. well, you can imagine there 12 times , we were able to completely rearrange the logistics routes, completely rearrange the logistics and the same, about the same relocation programs, which began to operate from the first day, and there are more than 700 enterprises that we
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were able to organize together . food kits, which also happened when food kits were also formed in the decoupo territories and were distributed to food enterprises of the food industry that were involved, and this is also in our country as a program for, for example, subsidizing wages for those who switched to it from the first day opened our election tasks gathered my problems i live in the concepts of the military economy and military rails still hell there is a huge state order for this this and this and you do not produce this even if you are a private business it is happening enterprises home instructs the ministry of the ministry of defense first of all it concerns the life of clothes and provision of food products
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this is how it happens but abroad how it affected the economy and our ability to provide for ourselves it affected significantly and when you see the fall of it by 27% of the industrial potential which were and this is a very significant loss of labor force and we see it and we understand what it is as of today vrodi said - this is the return of these people to the economy of ukraine, this is our biggest challenge because this labor force is an active labor force and we will return and for this, create all the conditions , starting with ensuring security and continuing with the restoration of housing infrastructure, because there is simply no place to return to the people and the restoration of social infrastructure, because if you look at the statistics, women with children we need actually i wanted to ask this mainly women with children have left and pensioners for
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to be high enough and we will have a very high unemployment rate of 30%. this means that you and i should look for opportunities for people to give him a fishing rod and have the opportunity to be busy and hire people if they have the appropriate and entrepreneurial vein and desire, and what is interesting is that we just launched these grant programs. they are working in several directions, these are micro-grants, these are grants, not processing, grants in agriculture
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, we saw very high demand now, the question is to add more international partners to finance this grant program because our people are really heroes during the war they are looking for an opportunity they show us these business plans to create their small enterprises in the regions that are located there 50-100 km from the front and they want to develop their business today and are ready not just to take grants if we are talking about micro-grants where there is no co-financing condition, but there is a condition of creating at least one or two more jobs, and where we are talking about processing enterprises, people are ready to invest and they invest even more than the percentage of 20% that we offered as their basic conditions , that is, people today are ready to invest their money in the economy of ukraine, as you say, during military operations. and in general, if you look at the country today, you can say part of the country is fighting, the other part is working, we have no other formula for
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victory, and we are now also stimulating the regions where we understand that there is a high level of unemployment, there is an insufficient number of vacancies, because really, if you look at the statistics of the employment center and their official statistics, the number of vacancies has decreased five times compared to last year, well, this is absolutely the most obvious thing about with the decrease in the size of the economy as a whole, we encourage people to be involved in restorative a-a in various public works, but which are paid for by us from the budget unemployment fund and in local these administrations, i.e. we create and should create different styles for employment, relocation, compensation of wages for relocated enterprises, grant programs, etc. work in the areas that you will also implement together, i.e. people who want to work. they have
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the opportunity to disrupt this. this is the main task. i want to fix one moment for myself right now. you said that you are considering how the ukrainian economy will develop after our victory. hmm and now i heard that you suggest betting on a private enterprise, the war is active and the phase showed that large enterprises are more vulnerable because they are easier and easier to disable than, well , that is, one enterprise is easier to disable than 10 small ones. does this mean that this will be the main line of the ukrainian economy? when you will stimulate a small, small and medium-sized enterprise, because the impression was formed on february 24 that the ukrainian economy was going along the path of consolidation of large enterprises, well, roughly speaking, a supermarket versus small specialized stores. and now we will turn it's all the other way around, we'll
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turn it around, we'll shift the emphasis, we'll reduce the role of the state where it's possible , we'll give the opportunity to develop entrepreneurial initiative, you have probably seen the decision of our government to transfer your company to privatization in order to reduce the role of the state and to give the opportunity to those entrepreneurs who want to cheat today to invest money during the war, even during the war. well, but you also don't forget, i also understand about large, well, small, ok, larger enterprises and you have a separate program for enterprises that were destroyed as a result of the russian occupation or were in the territories that were temporarily occupied in russian, you can go into more detail now well, as briefly as possible, but clearly say who can apply for this program, because there, if i remember correctly, a loan for 5 years at 9%, you can take it so so, that is, companies located
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50 km from the front line that have destroyed facilities and they can turn to the bank. that is , we took the active and successful program 5-7-9 e-e and did the remodeling of this program for grain enterprises. we meet with asians every week by association representatives of various businesses, and some of them have a need to restore fixed assets, etc. well, we have foreseen in this program that the bank will ensure that these funds go exclusively to, for example , equipment or to replenish working capital, it will be as follows targeted credit, but specifically for the restoration of grain enterprises and under 80% port guarantees from the state. that is, we also fix our participation there, because we all understand that restoring destroyed enterprises is much easier than creating and developing
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an enterprise from scratch, all the more so in the conditions of martial law, and whose enterprises have been destroyed and in which there are so many employees who have clear production processes, logistics have been established, there are enough of them, they apply. therefore, now we will to offer this program up to uah 60 million if there is demand from larger programs, more companies, which, er, will need more sums. well, we will reconsider this, we have an agreement with mifin. well, we are just reaching this moment, now look to the future, 30-32 % a third of the economy this year, our gdp has failed, but we are optimistically looking at the 23rd year. well, how optimistic are you predicting 4-4.5% growth, approximately if, how to say it correctly, certainly now it is very difficult to make forecasts, everything will depend solely on the development of the military situation, you understand so far, we see a situation where growth is possible,
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but if you look at the budget, hmm, we predict that there will still be a 20% gdp deficit, and we will be more dependent on macroeconomic assistance from our partners, but, hey, we always remember it is very important to us that there is still macroeconomic aid, remember that there is a need to develop our own business because we have macroeconomic aid, it will still be limited in time and in volume, and it is very important to us that our business works, so it is next to us we will continue the started programs and, of course , start new ones in order for e-business to be able to , well, it all sounds very optimistic and it is correct to support it and it will be, but look, there is a problem with the budget. well, it is obvious that we have money that we next year, we plan to collect enough of them in the budget only to finance our defense
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needs, for which our western partners do not give us money for obvious reasons, we finance everything else in fact, and will we have enough opportunities not only to support our entire communal sphere, our entire beacon of public service e medicine, education well, everything is a plus, and also give these loans that you generously promise to people that you are ready to go into business now in ukraine 5 7 9 relocation compensation well, these are credit companies that were in the occupied territories that is, will it be enough for everything financially to proceed from the logic that we have to close only the deficit of the state budget, of course, this can be such an approach, we will close the deficit and so on somehow we still live for the development of the economy and we understand that you have next year there is support, she says in a year, and hmm, for some
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reason, you have to continue to finance all your expenses yourself, that’s the same, if you see today, you are absolutely right, we are accumulating somewhere around 80 billion hryvnias in taxes and we have military expenses of 150 billion, everything else. you mentioned that the macroeconomic aid that comes from partners is directed to covering and ensuring social expenses, pensions, social payments, but we have to understand that we have there is no other way than how to make an economic breakthrough, you can call it that or make it so that the economy develops and accumulates more expenses and more income, at the same time, we all understand that today we are still very balanced approaches to tax policy and other ways than how to stimulate the development of the economy, there is no
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such way, so i want to say that we must develop the agricultural industry , that is what gives us export earnings, deep processing, we must support metallurgists and their problems. today, we must support chemists we have to support our producers of the food industry, of course, absolutely. and here is the implementation of such programs as large system large-scale and point-by-point assistance from the side of the government, otherwise, of course, we simply belonged and we we understand because i, as the minister of economy, 11holder is a business, this is a business community, this is an enterprise , so there is no other task than to make sure that the enterprises continue their operation and also have the opportunity of the post-war period and the time to develop, and well, there is no, that is, to sit and talk about the fact that the deficit of the state budget, it is definitely covered, no, don't sit, don't cry, i just hear what i hear when i
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listen to you now. the ukrainian armed forces have already surprised the whole world. when they were not given more than a few 2-3 weeks there, but they showed that all they were wrong, but they demonstrated in fact it is a miracle it can be spelled with the word miracle and now i hear you say that the ukrainian economy should also demonstrate a miracle to the whole world well, you are so sarcastically on the fact that the ukrainian economy is demonstrating hear because you and i are witnesses of what us rockets are flying overhead, we have enterprises, we have trade networks, we are secure for today, we were woven earlier, that is, for me it is a miracle of survival, but i tell you, we must show the miracle of our development there are all the prerequisites for showing a wonderful development, and for that e business must be an existing business today absolutely needs pragmatic solutions to pragmatic
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issues related to reservations with access to finance with acceleration of logistics e-e with acceleration of registration customs procedures, we are meeting with them, and i understand that at this stage they need help that is so specific, but all these programs that we talked about with you should be because they create a prerequisite for economic growth, and right away if we are talking about pragmatics business is asking to send us abroad in order to go and make deals, it was a great initiative, it is a business trip, a business trip, and it is still failing. if we are talking about pragmatism, then why can't we send businessmen on a business trip abroad for a week? i think we can, and of course it is possible there are some problematic issues related to blood accounts with er this amount of collateral and what was the logic of our draft resolution on her
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business trip - it was from our point of view such a pilot project er completely in digital format for those enterprises that are engaged in export-orientation activities, in which the salary is actually even higher than the average in ukraine , we see that they have no debt to the budget of all levels that they are active , we wanted to provide for such enterprises the opportunity to participate, for example, in exhibitions abroad or the possibility of leaving to sign contracts for a period of up to seven days, despite the fact that this would be the full responsibility of the head of such an enterprise, which, respectively, in i would like to upload a document with information about employees, e.e., we also had an organization with a register of the absence of arrears in payment of taxes, fees, and completely such entrepreneurs who would offer to
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send their employees no more than 10% of the number of employees e.e. abroad, he would i am fully responsible and we have seen this track in its entirety in the system and in principle we have such a digital product is ready... the belief is that men really cannot go abroad. but if we say that today we have 80 billion in taxes, collections and 150 billion in expenditures for war and we must do everything to bring the victory of our army closer, we must seek the possibility of obtaining additional income from the operation of this or that business, if the business asks to issue them for a period of seven days with us, then i will still er and then propose er
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to adopt this resolution and er if there is this nuance uncoordinated in terms of the amount of the deposit and the form what are school bills? well, then we will work it out with our colleagues so that it will work, that is. i think it's no secret for you that businessmen still find a way to leave, it's semi-legal, sometimes legal, but under a different pretext, but they find a way to leave when they need to, and instead of the state giving them the opportunity to do it in a legal way, because society's request for there is justice, and when we see that some of the people from the journalistic investigations of my colleagues are sitting like a battalion in monaco. they somehow went there to businessmen who really want to go
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to an exhibition or make a deal and learn some experience from them, then the question is why no why i can’t to help the economy, well, in fact, this logic was at the basis of the development of this act, because there must be justice if the company really carries out foreign economic activity and pays taxes and brings foreign currency revenue to the country and to us you know, it is very important to have our currency reserves stable, and therefore to have macro-stability. surely , ah, well, the logic was correct in the development of this act. it's nice to hear that we still have a few minutes left. i'd like to spend them on things like this as soon as possible. hm. review things because the economy is constantly moving.
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is constantly changing. how would you describe the current energy situation and the situation at the end of the year, the new budget partners? how would you characterize the ukrainian economy? well, the ukrainian economy for sure . from the beginning, it is not fragile and flexible, and today it adapts to the conditions in which we unfortunately find ourselves, therefore, we have, of course, a great dependence, and this is a complete correlation from military actions, from their deployment, from military success on the front, it absolutely affects the economic sentiments of our subjects, but i want to say that we still see a positive in the fact that even today we
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launched, for example, a platform with our e-e investment projects and we see that we have 25,000 views there on this page we can see that we have more than two hundred applications left from potential investors, and together with the fact that we have seen foreign investors, it is interesting that i will show you in a country breakdown, it is germany and the united states of great britain , there are even from china and eh yes eh inventory or countries and it is interesting that we have support from international partners who also understand that today hm for one dollar invested there should be a multiplier effect and they offered insurance against military risks. i hope that by the end of the year we will be able to lower there is at least 1 sustainable project with coverage of military risks up to 90% of copper from this insurance, essentially
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an international insurance organization with the support of the world bank, this means that we are confident of our victory and that we will zoom in on our economic front and despite the war, business continues to work and develop, and also foreign investors who consider ukraine and understand that uh, i understand that it is mostly economic. the secret is so far the business secret, but at least the sphere of the economy, where people are most willing to invest foreign business information. technology information technology it a-a everyone understands that er milliliter er is a very promising direction, unfortunately, it turned out that way, but today ukraine flies in like a military training ground er where can prototypes er, which entrepreneurs have to develop and complete and er, test on the military field, and here in the spheres of it, er, the military, and well, the player remains, we had er, for the
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cooperative advantages, even before the war, and we remain, and we remain now er- as a country, we are perceived as an agrarian country and after the war we will not be, therefore, in these three main areas of the biggest requests from our foreign investors, the last question is not about the economy in the 31 years of independence, you are the first woman to hold the position of minister of economy
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