Indian Prime Minister Narendra Modi is expected to pay a historic visit to Ukraine in a few weeks, according to Sidhant Sibal, chief diplomatic correspondent for the Indian publishing house WION, citing his own sources in New Delhi. This visit, which is currently being prepared, is tentatively scheduled for the third week of August, probably on the 23rd.
Earlier this year, Ukrainian President Volodymyr Zelenskyy personally invited the Indian leader to visit the country during a phone conversation. Since then, the two countries have been holding active high-level talks. Indian Foreign Minister Subramanyam Jaishankar and his Ukrainian counterpart Dmytro Kuleba discussed bilateral relations. National security advisors from both countries, Ajit Doval from India and Andriy Yermak from Ukraine, also held talks.
In June, Prime Minister Modi met with President Zelenskyy on the sidelines of the G7 summit in Italy. Discussing the current situation in Ukraine, the Indian leader emphasized the need for dialogue and diplomacy, stressing that India is ready to support a peaceful resolution of the conflict.
This visit will be the first personal contact between the two leaders since the beginning of the war, outside the format of the G7 summits. Prime Minister Modi may travel to Ukraine via Poland, and is likely to hold talks with the Polish leadership before traveling to Kyiv.
Prime Minister Modi’s visit to Ukraine comes almost two months after he traveled to Russia for the annual Russian summit, during which the war in Ukraine was also discussed. During his talks with Putin, Prime Minister Modi expressed regret over the deaths of innocent people and children at the Okhmatdyt hospital.
On March 11, 2024, according to the previously announced schedule, the process of accepting applications from potential partners for joint development of 21 fields was completed.
The company is currently finalizing the terms of cooperation with the companies that submitted the best proposals, preparing to submit joint applications to the Interdepartmental Commission for the organization of the conclusion and implementation of production sharing agreements and subsequent approval of the final terms of the production sharing agreements by the Cabinet of Ministers of Ukraine.
However, due to the interest of investors who were unable to participate in the first selection and the availability of fields with the potential for joint development, the Company decided to extend the application deadline for some fields by 3 months until September 10, 2024.
For more details on the algorithm for submitting applications and selecting potential investors, please follow the link.
Yevgeny Chernyak has increased his stake in Inter-Policy Insurance Company (Kyiv) from 9.96% to 24.715%, the company reported in the NSSMC’s information disclosure system, citing data from the Central Securities Depository.
According to the report, Oleksandr Yedin reduced his stake in the insurer from 9.899% to 6.251%, Valentyna Honcharova – from 9.786% to 6.179%, Lyudmila Chebotko – from 5.076% to 3.205%, and Oleksandr Yakovlev – from 5.312% to 3.354%.
In addition, the company increased its authorized capital by 58.4%, or UAH 17.691 million, to UAH 48 million. During the issue, an additional 31,422 thousand shares with a par value of UAH 563 were issued at a market price of UAH 575.
As reported, at the time of the decision on the issue, the company’s shareholders, in addition to the above, were JSC Ukrzaliznytsia (50.0046%) and IC Vostok-Zakhid (9.96%).
Inter-Policy Insurance Company was founded in 1993. It has 20 licenses for voluntary and compulsory insurance, as well as branches and representative offices in all major regional centers of the country.
On July 25, JSC “Rivneoblenergo” reported on the intention to enter into a contract with the insurance company “VUSO” for compulsory insurance of civil liability (CMTPL).
As reported in the system of electronic procurement Prozorro, the company’s price offer amounted to UAH 744.5 thousand with the expected cost of purchasing services of UAH 750 thousand.
IC “Euroins Ukraine” also took part in the tender with the offer of UAH 462,8 th.
IC “VUSO” was founded in 2001. It is a member of MTSBU and NASU, a participant of the Agreement on direct settlement of losses and a member of Nuclear Insurance Pool.
Capital Times Investment Banking Company (Kyiv) intends to launch a fund in the near future aimed at investing in companies that rethink the future of technology, health and sustainable development, according to the Ukrainian Venture Capital Association (UVCA).
“We already have a portfolio of 9 investments, including 3 exits. Now, with the new fund, we are pleased to continue our journey, providing the necessary resources, mentoring and strategic support to help companies scale and succeed,” Capital Times Managing Partner Sergiy Goncharevich said in a release.
It is noted that Capital Times joined UVCA in July. The company’s website also says that in July this year it also became a member of the IT Ukraine association.
“For Capital Times, the IT sector is a priority area for M&A in Ukraine. In recent years, deals in this sector have been leading in terms of number and value. Despite the market transformation, we see significant potential and opportunities for development,” the company commented on joining the association.
According to the releases, Capital Times has 18 years of experience in providing M&A solutions. It is a member of the international network of M&A advisors Globalscore Partners, with 38 deals in its portfolio and 260 completed projects in various sectors of the economy.
In addition to Kyiv, the company also has offices in Chisinau (Moldova) and Poznan (Poland).
The company’s declared focuses are FoodTech, FinTech, HealthTech, MilitaryTech, and EdTech.
Kernel Agro Holding, one of the largest agricultural companies in Ukraine, processed 3.2 million tons of oilseeds in the fourth quarter of the 2023-2024 fiscal year (FY, July-June) and returned to pre-war processing volumes, the company’s press service reported in a preliminary public report.
“This result was achieved thanks to the commissioning of a new oil extraction plant in western Ukraine,” the press service explained on its Facebook page.
According to the report, Kernel transshipped 6.7 million tons of agricultural products through its terminals, including 486 thousand tons for partners.
In fiscal year 2024, the agricultural holding offered its port facilities to Ukrainian farmers for the first time to help increase Ukraine’s agricultural exports. This area will continue to develop, Kernel promised.
“We exported 5.5 million tons of grain, which is 47% more than in the last financial year. This became possible due to stable exports via the Black Sea,” the agricultural holding summarized.
Prior to the war, Kernel was the world’s leading producer of sunflower oil (about 7% of global production) and its exports (about 12%). It is one of the largest producers and sellers of bottled oil in Ukraine. In addition, it is engaged in the cultivation and sale of agricultural products.
