Business news from Ukraine

Business news from Ukraine

“INGO” records surge in claims due to chronic and seasonal illnesses

INGO Insurance Company attributes the 37% increase in the number of health insurance claims in January-March 2025 to the general deterioration in the health of the population.

“We attribute the increase in the number of claims to the general deterioration in the health of the population. Prolonged stress due to the war leads to an increase in chronic diseases and increases vulnerability to seasonal infections such as SARS, flu or covid. This year, the situation was exacerbated by weather conditions: the cold period lasted until the end of April, emphasizes Marina Zvarych, head of the personal insurance department at INGO, according to the company’s website.

In addition, according to her, the company is recording an increase in the number of cancer cases.

According to the report, in the first quarter, the company allocated UAH 174.2 million to cover expenses under health insurance contracts, and another UAH 3.38 million for accident-related insurance events.

Clients most often sought outpatient care, accounting for 54% of all claims. Another 22% were related to medicines.

Inpatient care accounted for 8% of claims, dentistry – 6%, ambulance calls – 1%, and another 10% were for other services provided for in the contracts. In accident insurance, injuries accounted for the bulk of claims, accounting for 64% of all claims. Another 14% were related to fatalities, 11% to critical conditions, and 6% to disabilities.

During the reporting period, INGO provided services to more than 58 thousand insured persons under health insurance programs and more than 25 thousand under accident insurance contracts. Most of the clients are employees of Ukrainian companies.

INGO Insurance Company has been providing insurance services for 30 years. Since 2017, the main shareholder has been the Ukrainian business group DCH.

“Stalkanat” to re-direct UAH 60 mln for dividends

PrJSC “Production Association ‘Stalkanat’ (Odesa) will allocate UAH 60 million 511,837 thousand for dividends at the rate of UAH 0.29 per share from the profit for 2024.

The relevant decision was made by the extraordinary general meeting of shareholders on June 11 this year in remote mode.

According to the minutes of the meeting dated June 16, 2025, a copy of which is available to Interfax-Ukraine, the dividend payment period is from July 4 to December 11 this year.

Earlier, Stalkanat’s shareholders made a similar decision at their meeting on March 10, 2025, to pay UAH 60 million 511,837 thousand from the 2024 profit with a dividend payment period from April 4 to September 7 this year.

At the meeting held on November 13, 2024, the shareholders decided to allocate UAH 170 million 59,127 thousand, or UAH 1.63 per share, for dividends, with the dividend payment period from December 2, 2024, to May 13, 2025.

The shareholders’ meetings held on February 22, April 18, July 11 and October 16, 2024 decided to allocate UAH 60 million 511,837 thousand for dividends each time.

At the meeting held on November 6, 2024, the shareholders voted to conduct an additional issue of shares with a doubling of the company’s authorized capital to UAH 35 million 472 thousand 456.02 from UAH 17 million 736 thousand 228.01. Additionally, 104 million 330,753 thousand shares were placed among the shareholders in one stage from December 23, 2024 to January 22, 2025. All the funds raised from the additional issue will be used to repay the principal amount of the debt under the loan agreement with FUIB dated September 29, 2012.

As reported, in 2024, Stalkanat reduced its net profit by 34% year-on-year to UAH 184.808 million from UAH 280.060 million, but increased its net income by 33.3% to UAH 4 billion 436.786 million. Retained earnings at the end of 2024 amounted to UAH 437.815 million.

“Stalkanat is one of the largest producers of steel ropes and reinforcing strands in Eastern Europe and a leader in the production of hardware products in Ukraine.

As of the first quarter of 2025, David Nemyrovsky holds a 50% stake, Anton Mikhalenko (non-resident) – 23.7%, and Maria Kondratyuk – 23.1%. Earlier, the company reported that an individual, Vitaliy Dubovich, owned 3.199998% of its shares.

The authorized capital of Stalkanat currently amounts to UAH 35.472 million, with a share price of UAH 0.17.

,

“Astarta” plans to double share of employees aged 60+

Astarta, Ukraine’s largest sugar producer, has 11% of its employees aged 60+ and is working to increase this ratio to 20%, said Viktor Ivanchyk, SEO and owner of the agricultural holding.

“Astarta companies employ 11% of people aged 60+. We are working to increase this ratio to 20%. I am confident that this 20% will play no less of a role than the other 80%,” he said at the presentation of the study ‘Active Longevity in Ukraine: A Study of the Current Status and Barriers’ in Kyiv on Tuesday.

Ivanchyk drew attention to the fact that one of the main sources of ageism in companies is young employees working in HR departments.

He expressed a wish that HR departments, the Presidential Office, and the Cabinet of Ministers would also take this important factor into account and urged them to hire and recommend experienced people for responsible positions.

As an illustrative example, he cited the plot of the movie “The Intern” with the main character played by Robert De Niro.

“There should be much more such interns at both the state and business levels,” the Astarta SEO is confident.

“Astarta is a vertically integrated agro-industrial holding company operating in eight regions of Ukraine, the largest sugar producer in Ukraine. It comprises six sugar refineries, agricultural enterprises with a land bank of 220 thousand hectares and dairy farms with 22 thousand cattle, an oil extraction plant in Globyno (Poltava region), seven elevators and a biogas complex.

“In 2024, Astarta increased its net profit by 34.5% to EUR83.25 million, while its consolidated revenue decreased by 1.1% to EUR612.15 million.

In the first quarter of this year, the agricultural holding’s revenue fell by 24.9% to EUR124.58 million, while net profit fell by 28.8% to EUR6.42 million.

On June 12 this year, the shareholders’ meeting approved the payment of dividends for 2024 in the amount of EUR0.5 per share for a total of EUR12.5 million, which is in line with the previous two years.

“Metinvest” has manufactured armored shelter for Patriot air defense system

Metinvest Mining and Metallurgical Group has manufactured and assembled a 3 ton armor shell to cover key elements of the Patriot system as part of Rinat Akhmetov’s Steel Front military initiative.

According to the group’s press release, Metinvest continues to strengthen the protection of Ukraine’s air defense forces as part of the Steel Front initiative, this time by creating a shelter for the Patriot air defense system.

It is specified that the protection consists of a steel frame and armored plates. The design covers several important components of the system: the SAM control station, radar comparator (Doghouse), and generator.

“In such war conditions, every minute that air defense works saves lives. Our protective shells are designed for this very purpose – to ensure that the equipment remains in service even under fire,” commented Oleksandr Myronenko, Group Chief Operating Officer.

In addition, it is reported that since the beginning of 2025, Metinvest has begun systematic work on protection for air defense systems. The first shells were installed at air defense facilities back in the spring, and since then, the designs have been constantly improved. Each new project is adapted to a specific location and type of equipment.

Dozens of specialists are involved in the production of the armor: milling, turning, drilling, planing, electric and gas welders, metalworkers, blacksmiths, and painters. For security reasons, Metivest has moved all production for the army off-site: these are secret sites whose location is not disclosed.

“Rinat Akhmetov’s Steel Front is the largest private initiative to support the Armed Forces of Ukraine. As part of the project, SCM Group companies manufacture and supply the army with modern shelters, equipment protection, electronic warfare equipment, vehicles, drones, fortifications and other equipment that is critical at the front. The initiative focuses on the in-house production of solutions adapted to war conditions.

“Staliy Front already manufactures protective screens for vehicles such as Abrams, Bradley, Roshel, Kozak, and MT-LB, which perform combat missions on a daily basis.

The Patriot air defense system is an American medium- and long-range air defense system developed by Raytheon. Designed to intercept aircraft, cruise and ballistic missiles, it has a phased array radar and high-precision interceptor missiles.

,

Schneider Electric launches new data center solutions

Schneider Electric, a digital transformation leader in energy management and automation, has announced new data center solutions specifically designed to meet the power and GPU-intensive applications of next-generation AI cluster architectures. Expanding on its EcoStruxure™ Data Center Solutions portfolio, Schneider Electric has introduced the Prefabricated Modular EcoStruxure Pod Data Center**, which consolidates liquid cooling infrastructure, high-power bus systems, and high-density NetShelter racks. Additionally, EcoStruxure Rack Solutions include detailed rack configurations and frame designs designed to accelerate the deployment of high-performance computing (HPC) and AI data centers.

Organizations are deploying AI clusters and facing extreme rack power densities that are projected to reach 1 MW or more. Schneider Electric’s new line of solutions provides customers with integrated, data-proven, and easily scalable white space solutions that address new challenges in module and rack design, power distribution, and thermal management.

“The enormous power and density required for AI clusters create bottlenecks that require a new approach to data center architecture,” said Himamshu Prasad, senior vice president, EcoStruxure IT, Transactional & Edge and Energy Storage Center of Excellence at Schneider Electric. “Customers need integrated infrastructure solutions that not only handle extreme thermal loads and dynamic power profiles, but also deploy quickly, scale predictably, and operate efficiently and environmentally. Our innovative next-generation EcoStruxure solutions directly address these critical requirements.”

New product overview

  • Prefabricated Modular EcoStruxure Pod Data Center: Pre fabricated, scalable module architecture enables operators to deploy high-density racks at scale, supporting modules up to 1 MW and more. Custom-designed, the new module infrastructure offers flexibility and supports liquid cooling, power bus, complex cabling, and cooling architectures with hot aisle isolation, InRow, and rear door heat exchanger. The Prefabricated Modular EcoStruxure Pod Data Center now comes pre-engineered and pre-assembled with all components for rapid deployment to support high-density workloads.
  • EcoStruxure Rack Solutions:
  • These robust high-density rack systems meet EIA, ORV3, and MGX standards approved by leading IT chip and server manufacturers.
  • The configurations accommodate a wide range of power and cooling distribution schemes and utilize Schneider Electric’s Motivair in-rack liquid cooling, as well as new and expanded rack and power distribution products, including:
  • NetShelter SX Advanced Enclosure: This new line features taller, deeper and stronger racks to support increased weight, cabling and infrastructure. The NetShelter SX Advanced has an enhanced load rating and is protected by impact-resistant packaging to ensure safe transportation of AI servers and liquid cooling systems.
  • NetShelter Rack PDU Advanced: These power distribution units have been upgraded to meet the high-current needs of AI servers. Designed for efficient rack placement, NetShelter Rack PDU Advanced offers compact vertical and horizontal models with more dedicated circuits. Intelligent operational functions are now provided by a Schneider Electric network card, which enhances security and ensures seamless integration into EcoStruxure IT.
  • NetShelter Open Architecture: This rack architecture, developed from the Open Compute Project (OCP), is available as a custom solution and includes open rack standards, power panel, and in-rack busbar. As part of this, a new Schneider Electric rack system was also developed to support the MGX rack in the NVIDIA GB200 NVL72 platform, enabling Schneider Electric to enter the NVIDIA HGX and MGX ecosystems for the first time.

“Building a strong ecosystem of trusted partners is essential to supporting the deployment of our advanced AI platforms, and Schneider Electric’s solutions help provide customers with a reliable, proven infrastructure to accelerate their success,” NVIDIA emphasized. “We are also actively collaborating to support the growing demands of AI factories and the transition from kW to MW racks by jointly developing future-proofing solutions such as architectures to increase scalability, density, and efficiency.”

The new solutions and a set of developed data center reference designs provide data center operators and the Schneider Electric partner ecosystem with the infrastructure and insights they need to deploy powerful AI clusters faster and more reliably, while addressing common barriers to adoption, including

  • Power and cooling reliability for AI workloads
  • Deployment complexity and risk
  • Speed to market and supply chain sustainability
  • Lack of skilled personnel to manage advanced infrastructure

These enhanced EcoStruxure offerings complement Schneider Electric’s robust line of fully integrated, end-to-end AI infrastructure solutions – from advanced hardware, intelligent software, services such as EcoCare™ and EcoConsult for data centers, to strategic industry partnerships with key IT players. Schneider Electric is the partner of choice for building efficient, resilient, scalable, and AI-optimized data centers.

The new EcoStruxure Pod Data Center and EcoStruxure Rack solutions are now available worldwide. More information can be found here.

About Schneider Electric

Schneider’s purpose is to create impact by empowering everyone to make the most of energy and resources, ensuring progress and sustainability for all. We call it Life Is On.

Our mission is to be a trusted partner in sustainability and efficiency.

We are a global technology leader, bringing world-class expertise in electrification, automation and digitalization to smart industries, reliable infrastructure, future-proof data centers, smart buildings and intuitive homes. Drawing on our deep industry expertise, we provide integrated end-to-end AI-enabled industrial IoT solutions with connected products, automation, software and services, creating digital twins to drive profitable growth for our customers.

Ourmain resource is our 150,000 employees and more than a million partners operating in more than 100 countries to ensure proximity to our customers and stakeholders. We support diversity and inclusion in everything we do, guided by our meaningful purpose of a sustainable future for all.

www.se.com

Discover the latest perspectives shaping sustainability, Electricity 4.0, and next-generation automation at Schneider Electric Insights.

“Interchem” supported recreation of Alla Gorska’s Mariupol painting “Boriviter”

Interchem Pharmaceutical Company has joined the initiative “Boriviter. Restoration” initiative, a large-scale art project to preserve cultural memory, in which 15 artists recreated the mosaic of Alla Gorska’s Sixty Saints in Mariupol, which was probably destroyed by Russian shelling.

According to the company in a press release, the symbolic part of the new panel, the head of the legendary bird, became a sign of InterChem’s participation in the initiative – the company will keep it as a talisman of invincibility and freedom.

“We joined this project not only as philanthropists, but first and foremost as Ukrainians who care about their heritage. We don’t know if the original of this magnificent mosaic has survived, but we will make every effort to preserve what it symbolized: the thirst for freedom and the strength for revival,” commented Anatoliy Reder, CEO of the company.

Participation in the initiative to restore cultural heritage has become another opportunity for Interchem to support the state and citizens of Ukraine in times of war. Since the first days of the full-scale invasion, the company has focused its efforts on helping the military, medics, IDPs and regions affected by the hostilities. In total, since the beginning of 2022, InterChem has donated over UAH 250 million to charity.

The key areas of the company’s charitable activities include the provision of medicines, the purchase of machinery and equipment for military units, and support for humanitarian initiatives. The company donated almost UAH 70 million worth of medicines and medical devices to the Ministry of Defense, the National Police, hospitals, orphanages and communities affected by the war. At the initiative of InterChem, mobile shelters were installed in Mykolaiv, Kherson, Chernihiv, and Odesa, and the company financed the purchase of marine drones, warning systems, and evacuation medevacs as part of United24 projects.

The company provides ongoing assistance to more than 40 combat units of the Armed Forces of Ukraine, and pays special attention to supporting air defense forces. “Interchem financed the creation of the RPS-7 Inhul electronic intelligence station, provided FPV drones for the Defence Intelligence of Ukraine, Deltaquad Pro UAVs for the Armed Forces of Ukraine, night sights and night vision devices for air defense and naval units, etc. In general, since the beginning of the full-scale invasion, Interchem has donated dozens of powerful motor boats, hundreds of unmanned aerial and ground vehicles, vehicles, including evacuation and reanimation vehicles, equipment for mobile air defense groups, searchlights and electronic warfare systems to the Defense Forces.

“As a pharmaceutical company, INTERCHEM is a strategic part of the national healthcare system. And as a responsible Ukrainian business, we are a strategic part of the resistance to the Russian invasion. Both of these roles complement each other; by supporting the army, we contribute to the security of citizens, and by taking care of citizens, we help to form a strong home front for our defenders,” emphasized Reder.

Currently, InterChem is committed to strategic charity and systematic support of foundations, NGOs, schools, hospitals and cultural institutions. Among the partners and beneficiaries of the company’s initiatives are United24, Ukraine WOW, Monster Corporation, South Wind, Prytula Foundation, Technari, Road Home, Red Cross, Federation of Jewish Communities of Southern Ukraine, Odesa Opera House and dozens of others.

Source: https://interfax.com.ua/news/general/1082680.html

 

, ,