Business news from Ukraine

Business news from Ukraine

Number of members of supervisory board of Energoatom has been increased to seven

The Cabinet of Ministers has amended the charter of NAEK Energoatom, in particular by increasing the number of members of its supervisory board from five to seven, four of whom must be independent. The relevant amendments were approved by Cabinet Resolution No. 983 of August 15, 2025, published on the Government Portal.

According to paragraph 74 of the amended charter of Energoatom, the supervisory board consists of seven members, the majority of whom, namely four, must be independent, and three members must represent the state.

According to the company’s report in the NSSMC’s information disclosure system, the amendments supplement the powers of the general meeting of shareholders, and some of their powers have been transferred to the supervisory board.

Thus, the competence of the general meeting of shareholders no longer includes, among other things, the decision to appoint and dismiss the chairman and members of the management board in accordance with the proposals of the supervisory board. According to paragraph 12 of the amended charter, the election and termination of the powers of the chairman and members of the management board is the exclusive competence of the supervisory board. As well as approving the regulations on the management board, reviewing the management board’s report and making decisions based on its results, approving the company’s financial plan, as well as its medium-term (three to five years) investment plan and strategic development plan.

However, the powers of the general meeting of shareholders were expanded to include, in particular, the submission for approval by the Ministry of Finance of proposals on certain financial indicators, the amount of payments to the state, budget financing and quasi-fiscal operations, approving the owner’s letter of expectations based on the State Property Policy and after consultation with the company’s supervisory board, and approving the results of the supervisory board’s performance assessment.

As reported, the Cabinet of Ministers plans to complete the formation of supervisory boards of state-owned energy companies by December 2025, in full compliance with the principle of a majority of independent members, and wants to appoint the heads of such companies on a competitive basis. This is stated in the draft Government Action Program published on August 18.

In its updated Extended Fund Facility (EFF) program for Ukraine following the eighth review in early July, the International Monetary Fund (IMF) noted the need to further strengthen corporate governance of state-owned enterprises in Ukraine, in particular, the immediate appointment of the head of LLC Gas Transmission System Operator and the completion of the formation of the supervisory board of NAEK Energoatom, which provides for the expansion of its composition to seven members.

The supervisory board of Energoatom currently includes its chairman, Jarek Niewierowicz, and deputy chairman, Michael Elliott Kirst, as well as state representatives Timofey Milovanov and Vitaliy Petruk. The third independent member of the supervisory board, Timothy Stone, refused to sign the contract.

 

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Cyber resilience becomes strategy: DR/BCP and SOC are “must-have” for IT landscape

Since the beginning of the full-scale war, cybersecurity and business continuity (BCP/DR) have solidified as a strategic priority for Ukrainian companies: formal documents have given way to practical integration of SOC, SIEM and other defenses into daily operations. This is stated in the author’s column by Volodymyr Bjelov (GigaCloud) for Interfax-Ukraine.

The expert emphasizes that “security by default” reduces the risks of downtime and data loss and becomes a critical factor when choosing cloud providers.

GigaCloud is a Ukrainian cloud provider (part of GigaGroup), founded in 2016. The company provides IaaS/PaaS services, virtual data centers, redundancy and continuity solutions (DR/BCP) and GPU clouds. The infrastructure is hosted in data centers in Ukraine and EU (Kiev, Lviv, Warsaw) with TIER III/IV compliance; the provider has VMware Cloud Service Provider (Premier) status and is registered in CSA STAR Registry, portfolio – over 1.5 thousand customers.

 

https://interfax.com.ua/news/blog/1096980.html

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Next NATO summit will be held in Turkey in July 2026 – Rutte

NATO Secretary General Mark Rutte announced Tuesday that the North Atlantic Alliance summit in 2026 will be held July 7-8 in the Turkish capital Ankara.
“I want to thank Turkey for organizing this important meeting. Turkey has been a loyal NATO ally for more than 70 years, making an invaluable contribution to our common security,” Rutte was quoted as saying by the organization’s headquarters.
“At our next summit, leaders will continue to work to make NATO a stronger, fairer and more effective alliance, ready to meet the critical challenges to our security,” the alliance secretary general said.
Turkey is hosting the NATO summit for the second time after Istanbul in 2004, Brussels recalled.

 

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Macron calls next 15 days “critical” and welcomes Trump’s intention to provide security guarantees for Ukraine

French President Emmanuel Macron called the next 15 days “critical” and welcomed US President Donald Trump’s intention to provide security guarantees for Ukraine.
In an interview with the public broadcaster LCI published on August 19, he said that in the next few weeks, everything possible should be done to ensure that a meeting between Ukrainian President Volodymyr Zelenskyy and Vladimir Putin takes place. “Then, according to the plan, a trilateral summit could take place in early September,” Macron added.
“But there is work to be done on security guarantees. Therefore, the next 15 days are absolutely critical. To finalize the work with the Americans to give content to the security guarantees. But first of all, we are going to eliminate ambiguities,” the French president said.
The specific content of the security guarantees is currently unknown, although Macron said that “the British, French, Germans, Turks and others are ready to carry out operations – not on the front line, not provocatively, but support operations in the air, at sea and on land.” At the same time, he warned that Russia is a destabilizing force, and President Vladimir Putin “has rarely kept his commitments.”
“One thing I know is that since the end of 2007-2008, President Putin has rarely honored his commitments. He has always been a destabilizing force and has sought to redraw borders to expand his power,” the French president said.
“It is a predator, it is a cannibal at our gates. I’m not saying that tomorrow there will be an attack (by Russia – IF-U) on France, but in the end, it is a threat to Europeans,” Macron said.

 

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“Express Insurance” has collected insurance premiums in amount of UAH 670 mln in 7M-2025

IC “Express Insurance” (Kiev) in January-July 2025 collected insurance premiums in the amount of UAH 670,1 mln, which is by UAH 165,4 mln, or 33% more than for the same period of 2024, according to the insurer’s website. Premiums under CASCO contracts for this period reached UAH 452,6 mln, which by UAH 57,5 mln, or by 14,6%, exceeded the indicator of January-July 2024, under MTPL – UAH 202,1 mln (+107,6%), under other types of insurance – UAH 15,4 mln (+2,2%).

The company informs that in January-July 2025 the total volume of insurance indemnities on insured events amounted to UAH 256,6 mln. Including payments to clients under CASCO -209.5 million UAH, victims under MTPL – 52.2 million UAH.

As reported, as of July 1, 2025 the assets of IC “Express Insurance” amounted to more than UAH 1 billion, which is by UAH 180,9 million more than in the same period of 2024, their share in cash amounted to 88%, which ensures the operational ability of the company to pay compensation for insurance events.

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.

 

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Alliance Novobud has received certificate of acceptance of house No. 3 in Krona Park II!

On August 18, 2025, the State Inspectorate of Architecture and Urban Development of Ukraine issued certificate ІУ123250807346, which confirms the commissioning of house No. 3 of the Krona Park II residential complex in Brovary.

This means that the building fully complies with the project documentation and is ready to welcome its residents. The next step is to assign a mailing address and hand over the keys to the happy apartment owners.

Krona Park II is a continuation of the legendary Krona Park project, created with the wishes of our customers in mind. Living next to a park and a coniferous forest, combined with convenient connections to the capital, is the perfect formula for modern comfort.

Today, 7 more houses of the complex are under construction, and we are sure that even more good news is ahead.

Thank you for your trust! We wish you a cozy and happy life in your new home by Alliance Novobud.

 

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