Business news from Ukraine

Business news from Ukraine

Ukrainian President Volodymyr Zelensky has arrived in Singapore

Ukrainian President Volodymyr Zelensky arrived in Singapore to attend the Shangri-La Dialogue conference, which is a key platform for security issues in the Asia-Pacific region and to hold a number of meetings, in particular with U.S. Secretary of Defense Lloyd Austin.

“Global security is impossible when the world’s largest country ignores recognized borders, international law and the UN Charter, blackmails with hunger, darkness and nuclear weapons,” the president wrote in his Telegram channel.

According to Zelensky, restoring a just peace in Ukraine, ensuring global food and nuclear security is the task of the Global Peace Summit in Switzerland. “That is why it will be important for us to hear the voice of the Asia-Pacific region there,” he said.

According to the head of state, in Singapore he will hold meetings with the president of this state Tharman Shanmugaratnam and Prime Minister Lawrence Wong, President of Timor-Leste Jose Ramos-Horta, Singaporean investors, as well as U.S. Secretary of Defense Lloyd Austin.

As follows from the agenda of the conference, which this year is being held from May 31 to June 2, the Ukrainian president is scheduled to speak on Sunday, June 2.

Among others, the conference will be attended by US Defense Secretary Lloyd Austin and his Chinese counterpart Dong Jun, French Deputy Chief of Defense Staff Pierre Vandieu, Estonian Defense Minister Hanno Pevkur. Zelensky will speak as part of a plenary session on solutions for Global Peace and Regional Stability.

According to media reports, Russia will not participate in the current conference.

The Asian Security Summit “Shangri-La Dialogue” is an annual intergovernmental security forum held by the independent think tank “International Institute for Strategic Studies” (IISS), which is attended by defense ministers, permanent heads of ministries and other military leaders of 28 APR states. The forum takes its name from the Shangri-La Hotel in Singapore, where it has been held since 2002.

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In Kiev on Monday-Tuesday up to plus 28°

In Ukraine on Monday, June 2, except for the south-eastern part of short-term rains, thunderstorms in some places.

Wind is predominantly southwesterly, 7-12 m/s.

Temperatures in western regions at night 10-15°, in the afternoon 21-26°; in the rest of the territory at night 13-18°, in the afternoon 27-32°, in the north, Vinnitsa and Cherkassy regions 24-29°.

In Kiev on Monday night, light rain in the afternoon. The wind is southwest, 7-12 m/s. The temperature at night is 16-18°, during the day 26-28°.

According to the Central Geophysical Observatory named after Boris Sreznevsky. Boris Sreznevsky in Kiev on June 2, the highest daytime temperature was 33.3 in 1921, the lowest nighttime temperature was 3.9 in 1963.

On Tuesday, June 3, at night in the central, eastern, afternoon in the western and northeastern regions in some places short-term rain, thunderstorms, in the rest of the territory without precipitation.

Wind south, southwest, 5-10 m/s.

The temperature at night 13-18 °, during the day 23-28 °, in the south and east of the country 27-32 °.

On Tuesday in Kiev without precipitation. Wind south, southwest, 5-10 m/s. The temperature at night 16-18 °, during the day 26-28 °.

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Consumption limits will be introduced on June 1

Dispatch center of NEC Ukrenergo introduces consumption limits to regions for industrial and household consumers from 18:00 to 23:00 on Saturday, June 1.

As noted by the system operator in the Telegram-channel on Friday evening, to the critical infrastructure that ensures the vital functions of the population, the restrictions do not apply.

“In case of exceeding the limits of consumption brought by Ukrenergo oblenergos can apply schedules of hourly shutdowns”, – explained the NEC.

As reported with reference to the IAEA on Thursday, the fourth reactor of Rivne NPP is being prepared for shutdown for scheduled repairs. Scheduled repairs are also underway at one of the units of the Pivdenno-Ukrainian NPP. A total of nine power units with a capacity of 7.8 GW are available to Ukraine after the occupation of Zaporizhzhya NPP.

There were no electricity restrictions from Tuesday through Friday after two units were taken out of repair on May 26 and 27.

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IC Vuso and WTW have developed new insurance product

Insurance company Vuso and international insurance broker WTW have developed and started to implement the program of insurance of ground cargo transportation on the territory of Ukraine with coverage against military risks, according to the press release of the insurer.

It is also noted that the established limit of market capacity will provide full protection and support to Ukrainian and foreign enterprises engaged in cargo transportation on the territory of Ukraine. This program is reinsured in the private reinsurance market of Great Britain and Lloyd’s, with participation of leading reinsurers and leadership of Markel syndicate.

The insurance program developed by Vuso and WTW will contribute to the sustainability of the Ukrainian economy, the safety of cargo transportation and guarantee the maximum level of financial support for the insurance company’s clients.

“During wartime, we faced many issues that required consistent solutions. We are glad that WTW Ukraine supported Vuso on this case. The main task for today is to guarantee stability and comfort to our corporate clients regardless of the current events in our country. (…) This capacity will allow us to expand the range of programs for Ukrainian business to protect cargo transportation from military risks”, – says the Chairman of the Board of IC Vuso Andrey Artyukhov.

The project is already realized. You can learn more about the program from representatives of Vuso or WTW Ukraine.

The global consulting, brokerage company Willis Towers Watson (WTW) provides analytical solutions in the field of people, risk and capital. Using the global perspective and local expertise of colleagues operating in 140 countries and markets, it helps organizations develop their strategy, improve organizational resilience, motivate their people and maximize productivity.

VUSO IC was founded in 2001. The company holds 50 licenses: 34 – for voluntary and 16 – for compulsory types of insurance, is represented in all regions of Ukraine. It is a member of ITSBU and UFS, a participant of the Agreement on direct settlement of losses and a member of the Nuclear Insurance Pool.

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MTSBU will hold first session of online course “Fundamentals of new law on CMTPL insurance”

The Motor (Transport) Insurance Bureau of Ukraine (MTSBU) will hold the first session of the online course “Fundamentals of the New Law on CMTPL Insurance” on May 31 at 10:00, according to the Bureau’s Facebook page.

The session will be conducted by Roman Romensky, Head of the MTSBU Legal Department, who will talk about the basic principles and procedure for concluding insurance contracts in accordance with the basics of the new law (Section I-II of the draft law).

It is specified that participants do not need to register, it is enough to follow the YouTube live link https://www.youtube.com/live/hIQEzWFqQqc.

In connection with the adoption on May 21, 2024 by the Verkhovna Rada of the draft law “On Compulsory Insurance of Civil Liability of Owners of Inland Motor Vehicles” will hold a familiarization course on the main provisions of the bill, according to the website of the Bureau.

The familiarization course will consist of four sessions (by sections of the draft law), which will be held on the official YouTube channel of the MTSBU on Fridays at 10:00, lasting 1 hour 30 minutes, of which 30 minutes will be allocated for answering questions.

The tentative plan of the lectures is as follows: Session 1: Basic fundamentals of the New Law on CMTPL insurance and the procedure for concluding insurance contracts (І-ІІІ section of the draft law), Session 2-3: Settlement of insurance claims and the procedure for making payments (III section of the draft law), Session 4: Updating the functional work of the MTSBU and the basic principles of insurance companies’ membership in the Bureau (IV section of the draft law).

YouTube

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Demand for labor force of different professions and qualifications increases in Kyiv

The demand for labor of various professions and qualifications is growing in Kyiv. At the beginning of May, the database of the capital’s employment service contained about 3,000 current vacancies. However, many businesses are experiencing a shortage of skilled workers.
Every fifth vacancy is for professionals: engineers, teachers, analysts and economists. Due to the martial law, there is an increased demand for representatives of blue-collar professions that were previously considered predominantly male: installers, electricians, mechanics, electric and gas welders, seamstresses, building maintenance workers, and painters.
Employers are looking for specialists in various fields: accountants, nurses, educators, electricians, personnel inspectors, and paramedics. Trade and service workers are in demand, including cooks, salespeople, educators’ assistants, and social workers. At the same time, there is a growing demand for unskilled labor, such as cleaners, unskilled laborers, loaders, and kitchen workers.
TOP vacancies with the highest salaries:
– Defense forces: inspectors and police officers of the special police – UAH 126 thousand;
– IT industry: software engineers, software development and testing specialists, software engineers – UAH 110 thousand;
– enterprises with foreign investments: professionals in the organization of protection of information with limited access – 69 thousand UAH, sales managers – 67 thousand UAH, journalists – 54 thousand UAH, editors – 51 thousand UAH, analysts – 50 thousand UAH, psychologists – 47 thousand UAH;
– skilled professionals: public procurement specialists – UAH 45 thousand, chief accountants – UAH 43 thousand, plastic surgeons, carpenters and vehicle drivers – UAH 40 thousand each.
While offering modern competitive salaries, employers also place high demands on the qualifications of candidates. The Kyiv City Employment Service, through employment promotion programs, vocational training and an individual approach, will provide jobs for all job seekers and, if necessary, help them increase their competitiveness in the labor market.

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