Business news from Ukraine

Business news from Ukraine

100 delegations will take part in Peace Summit in Switzerland

The Peace Summit, which will open on Saturday, June 15, in Switzerland, will be attended by 100 delegations, of which 92 represent states from around the world and 8 – international organizations, according to the press service of the Swiss government.

“President Viola Amerd will open the Summit on Peace in Ukraine on Saturday, June 15. The summit will be attended by 100 delegations, including 57 heads of state and government from around the world. The purpose of the summit is to launch a peace process, build trust and identify ideas on the next steps towards such a process. All states present should be given the opportunity to put forward their vision of a just and lasting peace in Ukraine,” the statement said.

 

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About 1.5% of Ukrainians left and did not return in 2024

How many Ukrainians have not returned home since the beginning of the year

The State Border Guard Service recorded more than 7.8 million border crossings by Ukrainians in the first 4 months of 2024. This is significantly less than in the same period last year. About 69 thousand people left and did not return.

Ukrainians crossed the border 7.8 million times in the first months of this year. Overall, citizens began to travel abroad 10% less often.

Almost 69 thousand citizens – 1.5% of the total number of people who left the country – have not returned to the country since the beginning of the year. In April, for the first time since the beginning of the year, more citizens returned home than left – by 56 thousand. Overall, this year the number of those who have not returned has slightly increased compared to last year – 62 thousand Ukrainians did not return.

For comparison, 14.1 million Ukrainians left Ukraine last year. Of these, only 142 thousand remained abroad. This is 15 times less than in the first year of the full-scale war.

It is worth noting that the difference between those who left and entered Ukraine does not give an accurate understanding of the number of people who emigrated.

https://opendatabot.ua/analytics/emigration-trend-2024-4

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Mind Invest Summit: Entry Point to Ukraine

An independent journalist business portal Mind invites you to the most influential investment conference of 2024 – Mind Invest Summit. These are two days to find out where investors should invest in Ukraine, how entrepreneurs can attract money from domestic and international institutional investors, and consider the received information to the sounds of jazz

!!! Information and analytical B2B portal Mind invites you to Lviv!!!

After all, it is here, in the five-star hotel complex Emily Resort, that the Mind Invest Summit will take place in a closed format – a two-day event for businesses that believe in the future of Ukraine. Two days of communication with almost 1,000 like-minded people – heads of regulatory bodies, “angel” and institutional venture capitalists, entrepreneurs and startups. In addition, there will be an exhibition of technological teams and two unforgettable jazz evenings with Oleksiy Kogan and Nino Katamadze.

“Mind Invest Summit is the platform for starting work in Ukraine, choosing a direction, finding a partner or receiving funding. We gather sectors, projects, analysis – everything you need to start doing business in Ukraine.”

Yevhen Shpytko, editor-in-chief of Mind.ua

Mind Invest Summit is two days with three interesting and useful events for the price of one:

  • Investment business conference: two days of profile, professional presentations and discussions, industry presentations and question-and-answer sessions, pitches of technological teams – with a special focus on deftech projects;
  • Technological exhibition UA ​​Tech Show: an exhibition that will bring together the leading technological companies of Ukraine, which will present their latest products and inventions to visitors. The task is simple – to look for and find partners, investors or customers;
  • Jazz Weekend: a jazz music program with the participation of young performers and famous stars. On two evenings, Oleksiy Kogan with his Jazz in Kyiv Band and Nino Katamadze will play for the guests and participants of the Mind Invest Summit.

Speakers and moderators of the Investment Business Conference will be the most famous Ukrainian officials, businessmen and startups, regulators and celebrities. In particular:

  • from volunteers: Serhiy Prytula, volunteer, public figure, Ukrainian volunteer, founder of Serhiy Prytula Charity Foundation, and Kateryna Zagoriy, co-founder of the Zagoriy Foundation social projects bureau and director of the board of directors of the Darnytsia pharmaceutical company;
  • from the regulators: Mykhailo Podolyak, Ukrainian politician, political strategist, journalist, crisis manager, and advisor to the Head of the Office of the President of Ukraine, Ruslan Magomedov, Chairman of the National Securities and Stock Market Commission of Ukraine, Oleksiy Sobolev, Deputy Minister of Economy of Ukraine, and Vitaly Koval, Chairman of the State Property Fund;
  • from big business: Serhiy Kovalenko (YASNO), Ivan Kompan (Deloitte Academy), Serhiy Martynchuk (Cisco Ukraine), Mykhailo Bubnov (Schneider Electric Ukraine), Oleksandr Prokhorovych (Philip Morris Ukraine), Ashot Abrahamyan (Lviv Bank), Rostyslav Vovk (“Kormotekh”);
  • from the IT industry: Mariia Shevchuk, director of the IT Ukraine Association, Stepan Veselovskyi, CEO of the Lviv IT Cluster, Vitaly Sedler, CEO and co-founder of Intellias, Taras Kytsmey, co-founder and member of the Board of Directors of SoftServe;

For whom summit?

Those who invest, work, fight or contribute to the needs of the Armed Forces, volunteer for the military, veterans and civilians, and most importantly – who bring the news about Ukraine, its business opportunities and business talents to the world.

Leave an application for a ticket using via the link.

Mind Invest Summit partners:

Interfax-Ukraine is a media partner of the forum

Ukrainian Venture Capital and Private Equity Association

American Chamber of Commerce in Ukraine

International Investment Office

CAPITAL TIMES

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Event website: https://investsummit.mind.ua/

Link to tickets: https://investsummit.mind.ua/#tickets

Facebook event: https://www.facebook.com/events

Visual materials: Visual MIS

 

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The number of companies in the U.S. and Canada hit by cyber extortion has reached a new record high

The number of companies in the U.S. and Canada hit by cyber extortion has reached a record high in 2023, with unprecedented ransom demands, according to the report “Ransomware: a persistent problem in cyber insurance claims” by global insurance broker Marsh, according to its website.

It notes that nevertheless, as cybercriminals become bolder in their requests, more companies are refusing to pay.

Overall, 21% of Marsh’s clients reported cyber events in 2023, the vast majority of which were privacy claims and system attacks leading to unauthorized access and potentially exposed data.

According to Marsh , this rate has remained fairly stable over the past five years – between 16% and 21% – suggesting in part that companies’ cyber controls are keeping pace with the increasing sophistication and frequency of cyberattacks.

However, a record 282 ransomware incidents were reported to Marsh in 2023, a 64% increase from 2022. Although ransomware accounts for only 17% of all filed cybercrimes, ransomware remains a major concern for organizations given its increased frequency, sophistication, and potential severity.

Indeed, the average ransom demand rose to $20 million in 2023 from $1.4 million, while the average payment made was $6.5 million, reflecting the effectiveness of ransomware negotiations, Marsh notes in the report.

Only 23% of its clients affected by cyber extortion in 2023 paid ransom. Most (77%) refused, reflecting a growing trend. In 2021, only 37% of Marsh’s clients rejected cybercriminals’ demands.

 

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Insurer “Express Insurance” in January-May collected insurance premiums in the amount of UAH 350 mln

IC “Express Insurance” (Kiev) in January-May this year collected insurance premiums in the amount of UAH 350 mln, which is 35,6% more than in the same period of 2023.

As it is specified on the website of the insurer, during this period 2,5 times more contracts were concluded than in five months of 2023.

Premiums on CASCO amounted to UAH 277,6 mln (+20,9% to 5 months of 2023), on MTPL – UAH 61,1 mln (2,9 times more), VHI – UAH 4,9 mln (+13,4%), on other types of insurance – UAH 6,4 mln (+2,1 times).

In May 2024, the company attracted UAH 82.3mn of premiums, which is 28% more than in May last year. Among them, CASCO premiums amounted to UAH 64.8mn (+13.8%), MTPL premiums – UAH 15.8mn (+149.5%).

As reported, during this period the company paid UAH 200 mln, which is by 64.3% or by UAH 78.1 mln more than the same indicator of 2023.

Including payments on CASCO amounted to UAH 170.3 million, or 61.7% of all payments, and payments on MTPL – UAH 24.7 million (+116.7%), on voluntary health insurance – UAH 2.4 million (-14.4%), payments on other insurance contracts – UAH 2.1 million (+12.08%).

Express Insurance” ALC was founded in 2008 and is a part of “UkrAvto” group of companies. The company specializes in car insurance. Since April 2012 it is an associate member of the Motor Transport Insurance Bureau of Ukraine.

 

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Map of international partnerships of Ukrainian cities and towns was presented at conference on Ukraine’s reconstruction in Berlin.

A map of international partnerships of Ukrainian cities and towns was presented at the International Conference on Ukraine’s Recovery, which is taking place in Germany on June 11-12, Kyiv Mayor Vitali Klitschko said.

“During the International Conference on the reconstruction of Ukraine presented a map of international partnerships of Ukrainian cities and towns. The database was prepared by the Association of Ukrainian Cities together with the Council of European Municipalities and Regions,” he wrote in his Telegram channel on Wednesday.

Klitschko noted that now only a third of Ukrainian communities have partners in other countries, of which 200 – among municipalities in Germany.

“Today at the conference discussed the further development of such cooperation. Because, as our partners emphasize, it is the cooperation of cities, strengthening local self-government is key to strengthening European democracy. And also – for the future reconstruction of Ukraine,” – wrote Klitschko.

https://interfax.com.ua/news/regions/993178.html

 

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