Business news from Ukraine

Business news from Ukraine

Population structure of ukraine (data from ukrainian institute of future)

Population structure of ukraine (data from ukrainian institute of future)

Source: Open4Business.com.ua and experts.news

Number of dead and wounded civilians in Ukraine from 24.02.2022 till 31.03.2024 un data

Number of dead and wounded civilians in Ukraine from 24.02.2022 till 31.03.2024 un data

Source: Open4Business.com.ua and experts.news

Greencubator invites green startups to participate in international ClimateLaunchpad 2024 competition

Ukrainian startups developing climate-friendly technologies can take part in  ClimateLaunchpad , the world’s largest international green idea competition looking for business solutions to combat climate change. The  deadline for applications is May 26.

The competition is open to newcomers to the cleantech industry with a promising business idea, as well as green startups, small or medium-sized businesses working in the following areas
● Adaptation and sustainability
● Clean energy
● Solutions for cities
Sustainable mobility
● Circular economy
● Water conservation
● Ecological food production
● New discoveries

You can become a member of the ClimateLaunchpad if:
1. You have not started your business yet or your company was registered less than a year ago.
2. You do not yet have a significant customer base.
3. You have not received more than 200,000 euros of investment.
4. The company’s profit from the sale of goods has not exceeded 200,000 euros at the time of application.
5. You speak English sufficient to study with English-speaking coaches and pitch on the international stage.

You can apply for participation until May 26 at the following link: https://bit.ly/CLP_UA_apply

How does the competition work?
Startups from 51 countries participate in the competition, including France, Germany, Switzerland, Colombia, Angola, Turkey, the United States, and Mexico.

Each of the participating countries provides training for the program participants, which allows startups to improve and test their business ideas. Topics include market segmentation, key financial indicators, competitive advantages, pitching preparation, and more.

The startups that win the national selection get a chance to compete at the regional finals of ClimateLaunchpad 2024 and compete for the championship with teams from other countries. The national stage of the competition in Ukraine has been organized by  Greencubator since 2016.

For additional questions, please contact ukraine@climatelaunchpad.org

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Kiev insurer “Express Insurance” has paid out almost UAH 150 mln for 4 months

IC “Express Insurance” (Kiev) in January-April of this year made payments to the amount of UAH 148.3 million, which is 61.3% more than the same period of 2023.

According to the insurer’s website, including payments on CASCO amounted to UAH 125 million (58.2% more), on MTPL – UAH 19.6 million (+2.1 times), VHI – UAH 2.1 million (-11.9%), from other types of insurance – UAH 1.6 million (+14.9%).

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

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Demand for land and real estate in Ukraine increased 1.5 times – statistics

Land plots are being bought even more than in 2021

Ukrainians began to buy and sell land and real estate more actively in the first quarter of 2024, according to the Unified Register of Notarial Forms of the Ministry of Justice. Over 185,000 land alienation agreements were registered during this period. This is 36.4% more than before the full-scale invasion. And alienations of other real estate increased by 55% – but this is still less than in 2021.

In 2024, Ukrainians are more likely to sell or transfer land to other ownership. In particular, 185 thousand land alienation agreements were drawn up by notaries in the first quarter of 2024. This is 56% more than in the same period last year: then notaries certified almost 119 thousand such forms.

The number of such agreements is already a third higher than before the start of the full-scale war. Back then, in 2021, more than 136 thousand land alienation agreements were formalized.

At the same time, the number of alienations of real estate other than land has increased by one and a half times this year. Thus, in the first quarter of this year, notaries certified more than 181 thousand such forms. For comparison, in the same period last year, there were almost 117 thousand such transactions.

However, this is still 16% less than before the full-scale campaign began: just over 216 thousand forms were used for land alienation.

It should be noted that one notarial act does not always require only one notarial form. Accordingly, the number of actions is approximate and is compared to previous years.

It should be reminded that the total number of notarial forms used last year increased by 2.6 million) , but still remains lower than before the outbreak of full-scale war.

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National Bank of Ukraine (NBU) fined Bank 3/4 (Kyiv) for UAH 10 mln

The National Bank of Ukraine (NBU) has fined Bank 3/4 (Kyiv) UAH 10m for improper financial monitoring of client operations within the framework of the implementation of anti-money laundering legislation, the regulator said on its website.

According to the release, Universal Bank (mono) received a written warning for violation of the established deadline for providing information at the request of the authorized body.

Also, the National Bank fined FC Phoenix and FC Activitis for UAH 6.33 million and UAH 595 thousand, respectively.

Bank ¾ was registered in 2008. According to NBU information, as of March 1, 2024, it ranked 48th (UAH 1.55 billion) in total assets among 63 operating banks. Net profit for last year amounted to UAH 3.03 mln grnatsbank

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