Business news from Ukraine

Business news from Ukraine

Real GDP percentage changes over previous period in 2014-2022

Real GDP percentage changes over previous period in 2014-2022

Source: Open4Business.com.ua and experts.news

Former SBU head Bakanov has become lawyer

The former chairman of the SBU Ivan Bakanov received a lawyer’s certificate on June 27, 2023 in the Council of lawyers of Poltava region.

The record about it is made in the Register of lawyers, posted on the website of the National Bar Association.

The Verkhovna Rada dismissed him from the post of Chairman of the SBU exactly one year ago – July 19, 2022.

Source: Bakanov Ivan Gennadiyovych Є One Register of Lawyers of Ukraine (unba.org.ua)

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TAS Insurance Group increased collection of payments by 46.9%

In June 2023, TAS Insurance Group (Kyiv) collected UAH 309.18 million in payments, which is 46.9% more than the amount of premiums raised in June 2022, according to its website.

It is noted that almost a quarter of the insurer’s revenues for the reporting period – 23.37% – came from hull insurance, which collected UAH 72.25 million in payments (+17.3%).

The company’s revenues from MOTPL policies increased by 33.1% to UAH 107.91 million in payments and accounted for 34.9% of the total premiums collected in the month. Under the Green Card, the company attracted UAH 82.35 million in payments, which is 26.63% of the total proceeds of the insurer for the reporting period and 74.8% higher than in June last year.

In turn, the share of VHI in the company’s revenue portfolio amounted to 5.29%, or UAH 16.36 million of insurance premiums in June 2023. Property insurance contracts amounted to UAH 4.13 million (+22.2%).

The company’s revenues from other insurance contracts amounted to UAH 26.18 million in June.

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Abnormal heat wave breaks records in European countries

Abnormal heat continues to inconvenience residents of several southern European countries, particularly Spain and Italy, European media reported on Wednesday.

Temperatures in Sicily approached 47 degrees Celsius during the day, with the highest temperatures recorded in Agrigento and Trapani. The island’s health services report a 20% increase in the number of citizens’ visits to hospitals.

In at least 20 cities in Italy continues to operate introduced by the authorities of the heightened level of danger due to the heat wave. We are talking, including Rome, Florence and Bologna. Italian Health Minister Orazio Scilacci urged residents and tourists to be extra vigilant and avoid staying in direct sunlight from 11:00 to 18:00. Meanwhile, Rome is experiencing power outages amid a surge in the use of air conditioners.

Spanish meteorological services on Wednesday reported that the average temperature of coastal waters broke the record for this time of year. Thus, the water warmed to an average of 24.6 degrees Celsius, 2.2 degrees higher than the average for this time. In some parts, the water temperature exceeded 28 degrees Celsius.

The situation is difficult in Greece and Cyprus. Greek forecasters are recording peaks of 39 degrees Celsius in the east of the country and 41 degrees in the west. In addition, Athens is expecting 43 degrees Celsius by the weekend. In Cyprus, temperatures of around 40 degrees Celsius are being recorded, with the situation forecast to worsen on Friday and Saturday, which is expected to be even hotter.

In Greece, natural fires continue to spread amid the 40-degree heat wave. Hundreds of people have been evacuated. Firefighters from other countries, including Poland, Romania and Slovakia, are involved in the fight against the fire.

On the eve in a number of regions in the south-east of France recorded temperature records. In the department of Ariège the air warmed up to 40.6 degrees Celsius for the first time in the history of meteorological observations. Record temperature was also recorded in Renno in Corsica – 38.3 degrees Celsius.

In addition, the water in the Mediterranean Sea near Nice warmed to 29.2 degrees Celsius, the highest ever recorded in the region.

The World Meteorological Organization (WMO) warned the day before that temperatures above 40 degrees Celsius will last in many parts of the world for several days.

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USAID to work with U.S. Congress to invest $230 mln in Ukrainian business

USAID will work with the U.S. Congress to invest an additional $230 million of new resources in Ukrainian businesses, particularly to help businesses comply with European Union regulations and export more goods and services to Europe, USAID Chief Samantha Power said.

“USAID will work with the U.S. Congress to invest $230 million of new resources in Ukrainian businesses. This will include everything from technical assistance to businesses that want to scale and expand, technical assistance to help them comply with EU regulations so they can export more of their products and services to Europe and create more jobs for more Ukrainians,” she said at a briefing in Kyiv on Wednesday.

At the same time, she emphasized that businesses cannot grow unless they are provided with affordable capital. Power noted that many financial institutions consider investments in Ukrainian businesses too risky.

“So we are going to expand the use of instruments such as low-interest loans or grants for businesses, first-loss guarantees that will reduce the risk of investing in Ukraine. And we’re going to work together to attract more investment and more private sector participation here in Ukraine, which again is an investment in the resilience of today and also in the economy of tomorrow,” she said.

As Power noted, this new commitment is “just one of many that the United States has made to the Ukrainian people this week.”

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National Agency Zdorovi received the status of critical charity organization from Ministry of Health

The national humanitarian aid agency Zdorovi has received the status of a critically important charity organization.
As the Interfax-Ukraine agency was informed in Zdorovi, the status was confirmed by the corresponding official letter of the Ministry of Health.
In 2022, the Zdorovi Charitable Foundation created a humanitarian association of more than 65 international organizations and attracted UAH 1.68 billion as part of the project of critical humanitarian response for the medical industry Help Ukraine.
In the first half of 2023, Zdorovi transferred aid to 462 medical facilities in all regions of the country, including frontline and de-occupied territories and in the war zone.
“I am grateful to the partners for their support and quick response to requests from Ukrainian hospitals. I am grateful to our medics who show heroism at their workplaces on a daily basis. I am grateful to our team, which is not afraid to take responsibility in the most difficult situations. We are moving forward and, thanks to our Defenders, we are working not only to solve current problems, but also to build a long-term strategy for the restoration of Ukrainian medicine” – emphasized the founder of ZDOROVI Natalia Tulinova.
Partners of Zdorovi Foundation are, in particular, such international organizations as the International Renaissance Foundation, Razom for Ukraine, NOVA Ukraine, Americares, USAID, PHILIPS and others.