Marina Petrenko

Ukrainian Energy Sector conference at KIEF TALKS. Participants present: UA government officials, energy sector SOEs and private business including Volodymyr Kudrytskyi ,Ihor Tynnyi and others. Two main conclusions I drew. First: the winter will be rough. Significantly rougher compared the the previous one. russians destroyed almost half of Ukraine's power generation capacity. Large power generating units proved to be relatively easy targets. It is not possible now and will hardly be possible in the nearest future to defend all or most of large power generating units with Patriots or SAMP/Ts. Restoring the lost capacities takes time and huge money. There is no clear understanding what level of power generation energy sector ( SOEs and private) will manage to restore / keep operational by this winter and on. Yes, we can see very robust actions by UA government and our allies to improve the resilience of the energy sector. Nevertheless, the outcome of this battle is far from clear. Second: probably the best way to drastically boost Ukraine's energy resilience is to agressively develop decentralized power generation. Including renewables. Instead of dozens of large units , we need thousands of small ones. Mostly privately funded and owned. With reliable investment return scenarios and transparant rules of the game. Yes , private energy sector operators ( renewable ones , first of all) have a pretty long list of complaints to the government's handling of the market. They say the playground is not friendly and predictable enough. But , at least for the period of active warfare, decentralized power generation seems much better option for Ukraine, taking into account the current interception rate of UA forces: 95 % of drone interception and around 70 % of misiles. The UA government has already announced a number of steps to boost private investments in small energy generation. Hopefully, the all players will be moving fast.

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The Russian Direct Investment Fund and the Indian diversified group of companies Enso Group have agreed on a partnership for joint investments in projects to develop infrastructure for shipbuilding in Russia and India with a total investment volume of up to 20 billion rubles. The corresponding announcement took place on the eve of the official visit of the Prime Minister of the Republic of India Narendra Modi to the Russian Federation. “Shipbuilding is one of the most high-tech industries, the development of which is one of the key government priorities in both Russia and India. Expanding our own shipbuilding base and competencies, modernizing infrastructure, digitalizing production, strengthening the human resources potential of the two countries require significant investments,” — said RDIF General Director Kirill Dmitriev. Investments by RDIF and Enso Group in the construction of shipyards and the expansion of existing shipbuilding capacities are aimed at meeting the growing demand of companies for the transportation of various goods by water transport and reducing dependence on foreign carriers. https://lnkd.in/g4mj-yDE

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russian Think Tank sees decline in Russian economy. Russian economy faces challenges where solutions are needed "here and now" according to think tank. russia's economy is challenged on several points. This appears from a report from a russian think tank. The report points to several problems in the russian economy. Among other things, the report concludes that russia's industrial production is stagnating and that the country's exports of goods continue to shrink. According to Reuters, the think tank - called the Center for Macroeconomic Analysis and Short-Term Forecasting - is close to the Russian government. The report points to long-term problems for the russian economy and at the same time states that solutions are needed 'here and now'. The think tank also warns that there is a shortage of both raw materials and components. Despite russia's ongoing war in Ukraine, which has been going on for over two years, the country's economic performance last year exceeded the expectations of many analysts. But in January and February, seasonally adjusted consumer activity fell by 0.2 percentage points, according to the think tank's data. In addition, investment activity fell for the fourth consecutive month in February. Among other things, this has had the consequence that the russian state today spends less money than before on infrastructure and building housing. Economically, russia - with President Vladimir Putin at the helm - has been challenged for the past two years by foreign sanctions as a result of the invasion of Ukraine. Many Western companies have also withdrawn from the Russian market. As a result of Western sanctions, russia has imposed import restrictions, but this has helped create internal problems in russia. Because several companies in the country are largely dependent on being supplied with raw materials and components, says the think tank. It also indicates that Russia can no longer rely on revenues from the energy sector and cheap labor for economic growth. This is because sanctions have been introduced against hydrocarbons. In addition, there is a shortage of employees. Instead, a solution is to increase productivity through further automation and greater use of digital technology and robots, the report states. #economy #russia #Ukraine #NATO #EU #war #politics #stopbusinessinrussia #sanctions Source/translated from: https://lnkd.in/d5tEC--y

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There was so much going on during yesterday's Inauguration Ceremony of the 11th Edition of Fundacja Liderek Biznesu Mentoring Program. 💎The discussion on the "Professions of the Future" left me with belief that AI will not replace leaders, but it can certainly strengthen them. Leaders' technological "literacy" (in Polish: alfabetyzm technologiczny) will be necessary to be present on the market and succeed. 💎In turn, after the session describing "How to take care of yourself wisely and consciously build the quality of your life", I got a new perspective on the concept of "responsibility", which we understand as a duty to deal with something or of having control over someone. But if we look at this word from the perspective of “Response-Ability", it changes its definition to having the ability to respond to everything that occurs in our life. I dug deeper into that and found this on Response-Ability (via TABATHA DAVIS): “It shows that no matter how much you try to fit in with society, if it is not in your ability then you will never have a response (no responsibility). It shows when you apply for a job in which you have no ability… then you will not have a response (no responsibility). It shows when you are in over your head, dealing with a situation in which you do not have the ability to overcome… you do not have a response (no responsibility).” Such an approach indeed helps "responsibility" not to be so much of a burden to us😊. As if that wouldn’t be enough I met some of my friends and colleagues, who have also joined this program as Mentors. Sylwia Kraska and Joanna Krzystanek, it was so nice to see you yesterday🫶. 

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What challenges do people 50 face on the labor market? How can employers support them? How does technology affect their employment? 🧐 We will find answers to these and other questions in the latest thematic analysis entitled: “People 50 on the labor market” developed by Forum Odpowiedzialnego Biznesu. #Philip Morris in Poland also participates in this report as a co-author - you will find there information about our activities in this area. Philip Morris in Poland was the first to receive the Generation Dialogue Certificate. It confirms that we have practices in the company that support all generations on the labor market, including people 50. The certificate confirms that: ✔️ we are aware of the needs of particular age groups, ✔️ we implement programs and tools that combine the needs of various groups, ✔️ our age management policy is effective and complies with the highest standards, ✔️ we counteract ageism - discrimination based on age towards both young and mature employees. ✅ Other examples of activities in PMI: 🟣 Regular Webinars and training for employees and leaders related to age diversity. 🟣 Recruitment geared and adapted to people of all ages. It sometimes happens that people of retirement age who have specialist knowledge or simply want to remain professionally active are hired for special, short or long-term projects. 🟣 We educate and draw attention to important topics, including: This is what our last image and recruitment outdoor campaign was about. "Stereotypes are eliminated here" - the campaign was aimed at overturning stereotypical thinking related, on the one hand, to the young or mature age of employees and their professional development or promotions, as well as to other stereotypes regarding work in a place such as the Factory. If you want to learn more about the practices of companies participating in the project, download the publication 👉 https://lnkd.in/d8rrnyvF #diversity #equity #inclusion #multigenerationdialog

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Yesterday, I sat beside our gas traders when panic almost hit the room. Reuters broke the news, saying: "(Reuters) - Ukraine has agreed to transit Azerbaijani gas to Europe as a temporary measure after it ends a transit deal with Russia, even though it expects some Russian gas will be included in the volumes, the Ukrainska Pravda news outlet said on Thursday." TTF front-month gas prices dropped or rather gapped by up to 12%, and liquidity immediately vanished from the market. It was truly important news. The gas market had long feared that gas transiting through Ukraine would halt at the end of December, in the middle of the peak winter demand season. However, now the picture changed. Gas would continue to flow. Importantly, this happened in a situation where speculative accounts were extremely net-long on gas, which intensified the sell-off. There was just one problem: the story wasn’t true. As brilliantly explained below, it was due to a poor translation by Reuters from a Ukrainian newspaper. The TTF gas market has since recovered roughly half of the loss today. Read the exciting post below.

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Russia does not change the schedule for compensating for oil overproduction. Last month, oil production in Russia fell even more compared to June. However, production was 67,000 bpd higher than the established norm due to some problems with the schedule; this excess will be compensated for in the current and next month, the Russian Ministry of Energy claims. It was previously approved that Moscow would begin to cover the excess production from April 2024. For this purpose, two compensation schedules were agreed upon - in October-November of this year, as well as in March-September 2025. The Russian Federation will begin to comply with the previously established schedule. https://lnkd.in/eezJuKpf

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There were no volunteers to finance Poland's energy security. Poland will not be able to build a second line of the Pomeranian oil pipeline, which was supposed to become a reserve for the country. There were no volunteers to finance the project. The backup line of the Polish Pomeranian pipeline, which was supposed to transport oil from Gdansk to Plock, was declared as a strategic project. This new pipe was supposed to ensure the country's energy security. Warsaw even named the date for its commissioning - 2025. The planned pipe gained special significance after the start of Russia's SVO in Ukraine - the valve with Russian oil was shut off, the issue of alternative pipelines became acute. However, the project will not be implemented - there were no companies willing to finance it, writes "InoSMI". Neither Polish nor foreign companies wanted to invest in the new pipe. The Polish pipeline operator - the company PERN stated that it was not able to pull off this project alone. The preliminary cost of the oil pipeline was estimated at 2.8 billion zlotys. https://lnkd.in/eD-G-kzy

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🌟 Exploring the Dynamic Relationship: Agency & Recruitment Department Synergy 🌟 In today’s fast-paced business landscape, the quest for top talent stands as a cornerstone of organizational success. While many companies establish robust in-house recruitment departments, an intriguing trend emerges – the concurrent utilization of recruitment agencies. But why do companies, armed with internal HR prowess, still opt for external assistance? Let's delve into the manifold reasons: 👉 Confidential Projects: Maintaining discretion in recruitment is paramount. For confidential endeavors, collaboration with agencies ensures seamless execution while upholding data security and candidate trust. 👉 Specialization & Unique Tasks: Agencies bring niche expertise, crucial for sourcing specialized talent or fulfilling strategic roles, enhancing the company's reputation and efficacy. 👉 Expanded Network & Market Insights: With extensive networks and real-time market data, agencies offer invaluable insights, empowering companies to tailor strategies and tap into passive talent pools. 👉 Flexibility: Amid fluctuating workforce demands, agencies provide agile support, swiftly scaling recruitment efforts without the overhead of permanent hires. 👉 Time & Resource Efficiency: By streamlining the recruitment process, agencies alleviate the burden on internal resources, allowing organizations to focus on strategic initiatives. 👉 Innovative Tools & Technologies: Access to cutting-edge recruitment tools enhances efficiency, enabling swift candidate screening and superior talent acquisition. 👉 Diversity of Perspectives: Leveraging consultants with diverse backgrounds fosters innovative thinking, enriching the recruitment process and aligning candidates with organizational goals. In essence, the choice between internal recruitment and agency collaboration hinges on organizational needs and objectives. While internal departments provide control, agencies offer agility and expertise, augmenting the talent acquisition journey. By embracing both avenues, companies can craft a holistic recruitment strategy, maximizing their access to top-tier talent in the ever-evolving job market. My Colleague Agata Kostrubiec focuses on this issue on our blog. 🚀 #RecruitmentStrategy #TalentAcquisition #SynergyInAction

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