Business news from Ukraine

Business news from Ukraine

“Express Insurance” in January-February paid to clients more than 67 million UAH

IC “Express Insurance” (Kiev) in January-February 2025 made payments in the amount of UAH 67,2 mln, which almost corresponds to the indicator for two months a year earlier, the insurer’s website reports. Including payments on CASCO amounted to UAH 53 mln (-12%), while premiums on this type of insurance grew by 21,4%.

Payouts on MTPL amounted to UAH 13 mln, on other insurance contracts – UAH 1,2 mln.

IC “Express Insurance” was founded in 2008 and is a part of the group of companies “UkrAVTO”. It specializes on automobile insurance. Stable high speed of events settlement in IC is provided by optimal interaction with partner service stations.

Since April, 2012 IC Express Insurance is an associated member of the Motor Transport Insurance Bureau of Ukraine.

 

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Danish ambassador to Ukraine: More than 90% of our assistance to Ukraine is related to weapons and equipment

More than 90% of what Denmark does in terms of support for Ukraine is related to weapons and defense equipment, this is a prerequisite for Ukraine’s survival as a nation, Danish Ambassador to Ukraine Ole Egberg Mikkelsen said.

“Denmark has been very active in terms of supporting Ukraine with defense equipment and weapons. I usually say that we do three things in Ukraine: weapons, weapons and weapons,” he said while speaking to the media on the margins of the U-Lead with Europe event on Tuesday.

At the same time, the ambassador stressed that Denmark also implements important civilian programs.

“But more than 90% of what Denmark does in Ukraine is related to weapons and defense equipment. And this, of course, is a prerequisite for Ukraine’s survival as a nation. If you are not armed, you cannot survive. This is very important for Denmark,” the diplomat emphasized.

And in addition, he recalled the implementation of the “Danish model” of support for Ukraine’s defense industry, which actually finances the purchase of weapons and defense equipment directly from Ukrainian manufacturers.

“And it turned out to be very, very innovative and very effective. This is something that we want to continue because we want Ukraine to stand firmly on its feet, including when it comes to weapons and defense equipment. And you have a huge potential,” the diplomat said.

 

 

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Financing state budget deficit, bln UAH

Financing state budget deficit, bln UAH

Source: Open4Business.com.ua

Number of resident population of Republic of Uzbekistan

According to the National Statistical Committee, as of January 1, 2025, the number of permanent residents of the Republic of Uzbekistan amounted to 37.5 million people.

The permanent population of the Republic of Uzbekistan by years (as of January 1):

– 1920 – 4.4 million people

– 1930 – 4.9 million people

– 1940 – 6.6 million people

– 1950 – 6.2 million people

– 1960 – 8.4 million people

– 1970 – 11.8 million people

– 1980 – 15.8 million people

– 1990 – 20.2 million people

– 2000 – 24.5 million people

– 2010 – 28.0 million people

– 2020 – 33.9 million people

– 2025 – 37.5 million people

Source.

 

Changes in consolidated budget expenditures in 2021-2023 (%)

Changes in consolidated budget expenditures in 2021-2023 (%)

Source: Open4Business.com.ua

How much will Trump White House back Ukraine?

Ukraine is no longer a top US priority under President Donald Trump. As he appears to be inching closer to Vladimir Putin’s Russia, the Trump administration seems more likely to defend Taiwan and Israel than Ukraine.

Looming trade wars with China and Europe, tariff disputes with neighbors Canada and Mexico, the war in Gaza, plummeting stock markets, and protests against mass layoffs: US President Donald Trump is currently fighting on many (partly home-made) fronts at the same time.

Amid these crises, there is another question. Will the US let Ukraine fall? It seems only a matter of time before it is answered with a “yes.”

After a number of unsuccessful attempts to impose a temporary ceasefire between Kyiv and Moscow, there are many factors that seem to point towards this menacing scenario.

Trump: Ukraine ‘may not survive’

Trump recently addressed the issue himself. In an interview with the US broadcaster Fox News after an altercation with his Ukrainian counterpart Volodymyr Zelenskyy at the White House on February 27, the US president was asked by the anchor Maria Bartiromo whether he was “comfortable” with the idea that Ukraine “may not survive” the war with Russia.

“Well, it may not survive anyway,” Trump told Fox News. “It takes two. Look, it was not going to happen, that war, and it happened. So, now we’re stuck with this mess.”

Marco Rubio, the new US secretary of state, also made clear that Ukraine was not top of the Trump administration’s priorities at his hearing before the Senate Foreign Relations Committee on January 15.

Rubio said that the US would continue to stand by its closest allies, mentioning Taiwan and Israel explicitly. Regarding Ukraine, he said it was time to be “realistic” and suggested that both sides would have to make “concessions.”

“But ultimately, under President Trump, the top priority of the United States Department of State will be the United States,” he said. “American taxpayer dollars should only be spent to advance US interests, and every penny should be scrutinized to ensure its sincerity and effectiveness.”

In a recent op-ed for The Guardian, Stephan Wertheim, an expert on US foreign policy at the Carnegie Endowment for International Peace, pointed out that “none of Trump’s predecessors ever made a commitment to fight for Ukraine. Joe Biden explicitly ruled out sending US troops when he saw Russia’s full-scale invasion coming.”

He added that no NATO allies had come to Ukraine’s direct defense. “The reason is obvious: it would mean war with Russia, a prospect that Nato allies can still deter regardless of what happens in Ukraine.”

“If Ukraine and Europe continue to push for strong US security guarantees,” he continued. “They have a small chance of succeeding and a larger chance of creating a permanent rupture with Trump. The president could conclude that his allies refuse to listen and, worse, keep trying to entrap him.”

Is Ukraine a pawn in the Russia-US relationship?

Stefan Meister, the head of the Center for Order and Governance in Eastern Europe, Russia, and Central Asia at the German Council on Foreign Relations, is very critical of Trump’s refusal to offer security guarantees to Ukraine.

The US president has “already massively worsened his own negotiating position and that of Ukraine,” he told German broadcaster SWR. “Why should Moscow make any compromises when the US president is already offering half of what Russia is demanding?”

He said that he was worried that Ukraine could simply fall by the wayside as Russia-US relations were readjusted. “My impression is that Trump ultimately doesn’t really care about Ukraine,” he said, explaining that Ukraine might just be “a pawn” given to Russia in return for “other things.”

These “other things” could be related to the topics mentioned by Rubio. Israel and peace in the Middle East, relations with China, dealings with Iran, and a rapprochement between Washington and Moscow.

The US columnist Robert Kagan has no illusions. “President Trump has made it clear that the US is no longer prepared to defend Europe,” the former Republican, who has advised several US presidents, said in an interview with the German weekly newspaper Die Zeit.

Kagan said that the idea of standing up for democracy in other regions of the world was alien to Trump. “He seems to have no qualms about concluding a ‘deal’ with Putin’s criminal regime over the heads of the Europeans.”

https://www.dw.com/en/how-much-will-trump-white-house-back-ukraine/a-71933259

 

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