The team of Advantage Ukraine investment platform operating in partnership with the Ministry of Economy of Ukraine prepared and sent the first investment projects, totaling $430 million, to the American Corporation for International Development Finance (DFC) for consideration, the Ministry of Economy said on its website on Wednesday.
“The first five projects have been accepted for consideration by the DFC. In particular, these are projects of Ukrainian investors in the sectors of construction, production, e-commerce and residential real estate – a total of $430 million. Each of them will be evaluated separately. Also the project of crediting a foreign investor for the production of building materials for a few million, “- the department quotes Deputy Minister Oleksandr Griban from a meeting with business, organized by the American Chamber of Commerce in Ukraine.
He also clarified that at the moment several projects are at the early stages of processing, which Advantage Ukraine hopes to transfer soon to the DFC, in particular, projects in the sectors of logistics, deep agro-processing, energy, livestock and production of building materials.
The Ministry of Economy reminded that DFC has recently announced its readiness to mobilize more than $ 1 billion of private capital to support the Ukrainian economy.
It is noted that the Ministry of Economy and the DFC cooperate in the preparation and formation of the list of investment projects with the help of Advantage Ukraine. The project team of the initiative works with the support of the USAID Competitive Economy Ukraine Program and pre-selects projects, working with applicants.
Metinvest’s network of steel service centers in Ukraine, Metinvest-SMC, has donated steel to the Pivden Operational Command as part of Rinat Akhmetov’s Steel Front initiative to manufacture mobile buggy vehicles, which are in high demand at the frontline.
According to the press release, a buggy is a small light vehicle with high cross-country ability with open wheels, used for off-road driving. There are no such vehicles in service in Ukraine. Activists, volunteers and representatives of some military associations manufacture and supply them.
It is noted that buggies are compact, fast, maneuverable, have high cross-country ability and are easily camouflaged. They are relatively inexpensive and are indispensable in reconnaissance missions, able to attack in small groups and make quick raids behind enemy lines. That is why the buggy is a good alternative to a conventional wheeled vehicle on the front lines.
Metinvest-SMC was recently approached by representatives of the UC Pivden: the military needed equipment for the production of buggies. At their request the company provided 3.8 tons of rolled metal – angles, sheets, and tubes – for the manufacture of 10 front minivans, free of charge.
According to the press service, everyone can also help the defenders of Ukraine: if there are any unused old Zhiguli 01-07 cars, they can be transferred to the AFU (Operational Command South in FB or e-mail coll-centr_ok_pivden@post.mil.gov.ua).
It is recalled that Metinvest group has already allocated 1.6 billion UAH for the projects of Rinat Akhmetov’s Steel Front military initiative.
“Metinvest” is a vertically integrated mining group of companies. Its main shareholders are SCM Group (71.24%) and Smart Holding (23.76%) that jointly manage the company.
Metinvest Holding LLC is the managing company of Metinvest group.
Insurance Group “TAS” (Kyiv) in February 2023 collected UAH 212,43 mln of insurance premiums, which is 19,1% more than in February of last year, according to the web-site of the insurer.
Thus, under CASCO contracts the insurer collected UAH 53,21 million of payments, which is 25,05% of the total monthly receipts of the company and is 43,5% more than in the accounting period of 2022.
Besides 34,19% or 72,63 mln UAH of the received payments fell on motor third party liability insurance (+19,8%), 22,44% or 47,66 mln UAH on “Green Card” (+41,4%), 7,56% or 16,06 mln UAH of payments on voluntary medical insurance.
TAS IG has attracted UAH 5,05 mln on property insurance contracts in February – it is 5,3% more than the corresponding figure for the second month of the last year.
TAS IG has collected UAH 17.82 mln of payments under other insurance contracts during the reporting period.
State Ukreximbank (Kiev) on March 21 signed an agreement with the Entrepreneurship Development Fund (EDF) to attract on three programs to support Ukrainian enterprises 250 million UAH, the press service of the bank reported on Tuesday.
According to the message, credit resources for Ukreximbank will be provided at the expense of both own funds of the FRD, and the means of the project “SME support”, funded with the support of the German government through the German Development Bank KfW and the EU within the initiative EU4Business.
It is indicated that a significant portion of credit funds is planned to support the financing of small and medium-sized enterprises engaged in export operations, which will contribute to the expansion of national production in world markets.
Ukreximbank was founded in 1992. The only owner of this financial institution is the state.
According to the National Bank of Ukraine, as of November 1, 2022 Ukreximbank by total assets was in 3rd place (267.423 billion UAH) among the 67 operating in the country.
The Verkhovna Rada on March 20 passed a law “On Amendments to the Code of Ukraine on Bankruptcy Procedures” (No. 4409), under which bankruptcy filings will now be considered in simplified proceedings without summoning the parties, the Ministry of Justice said.
“The bill also simplifies the work of bankruptcy trustees. It provides for the creation of an automated information system “Bankruptcy and insolvency,” uniting the necessary registries and databases and which will include an electronic office of the trustee in bankruptcy,” the Ministry of Justice said in a press release on Wednesday.
The department reminded that the bill number 4409 was adopted as a basis back in June 2021. In preparation for the bill for the second reading of 248 amendments were filed, of which 112 were proposed to take into account.
Deputy Minister of Justice Valeriy Kolomiets thanked the head of the profile subcommittee of the Rada Oleksiy Movchan “for persistence and for being in crime” in the difficult process of adopting the document and wished a little more patience, because the adoption of the bill on “military bankruptcies” and the implementation of EU Directive 2019/1023 until September this year.
Number of unemployed people registered in public employment service as of 01.01.2023 (thush people)
Source: Open4Business.com.ua and experts.news
