Business news from Ukraine

Business news from Ukraine

“UOSK” replaces CEO with Reznichenko

On September 10, the Supervisory Board of Ukrainian Security and Insurance Company (UOSK, Kyiv) decided to terminate the powers of CEO Valeriy Gorkovets and appointed Viktor Reznichenko to this position, according to the information disclosure system of the National Securities and Stock Market Commission.
As reported, on February 2, 2024, the National Bank of Ukraine revoked all the insurer’s licenses to conduct insurance activities and excluded it from the State Register of Financial Institutions on the basis of its application.
As reported, UOSK’s shareholders at a meeting on November 17, 2023, decided to revoke the insurer’s insurance licenses and exclude information about the insurer from the State Register of Financial Institutions.
According to the NSSMC, as of the second quarter of 2023, the company’s shareholders were the security police departments of Zaporizhzhia, Kherson, Dnipro, Poltava, and Odesa regions, which owned from 5.669% to 6.227%, the security police department – 15.758%, and the security police department of Kyiv – 24.742%.
The Ukrainian Security and Insurance Company was registered in 1996 and specializes in risk insurance.

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Number of unemployed in Ukraine and job opportunities, 2023-2024

Number of unemployed in Ukraine and job opportunities, 2023-2024

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Presidents of Ukraine and Estonia discuss defense support in Kyiv

President of Ukraine Volodymyr Zelenskyy met with President of Estonia Alar Karis in Kyiv.
According to the press service of the President of Ukraine, Zelenskyy thanked Karis and his wife for participating in the First Ladies and Gentlemen Summit, which will take place in Kyiv today.
The President of Ukraine also noted Estonia’s decision to allocate 0.25% of GDP annually for the defense needs of our country. This is enshrined in the bilateral security agreement.
“We are grateful for your support in all spheres and a very important agreement on security cooperation between our countries. We are very pleased to have so many strategic partners,” the Head of State emphasized.
In addition, he thanked Estonia for its active participation in the restoration of Ukraine, in particular, for the projects already implemented in Zhytomyr region.
Particular attention was paid to Ukraine’s European integration. Zelenskyy noted Estonia’s significant expert support for Ukraine in the negotiation process.

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“DTEK” to invest €140 mln in energy storage facilities in Ukraine

“DTEK will build energy storage facilities in Ukraine with a total capacity of 200 MW, the company’s press service said on Thursday.
According to it, investments in the project will amount to EUR140 million, making the company the largest investor in this area in the country.
The batteries will be commissioned in a number of regions of the country no later than September 2025.
The press service reminded that on August 22, DTEK Group companies, together with other energy industry players, won a competitive auction held by NPC Ukrenergo for the provision of ancillary services.
“Despite the war and limited access to the external capital market, we continue to invest in Ukraine. This includes not only the restoration of the destroyed facilities but also the construction of new ones as part of our long-term development strategy. Our priority remains unchanged – it is the development of green energy in Ukraine, the accelerated integration of our energy system into Europe and the improvement of our country’s energy security,” said DTEK CEO Maxim Timchenko.
As reported, DTEK is also a participant in the construction of the first large-scale electricity storage project in Poland. The goal is to create a pan-European energy system designed to unite Ukraine and the EU.
DTEK was established in 2005 to manage the energy assets of Rinat Akhmetov’s System Capital Management (SCM, Donetsk). The corporation has been delegated the functions of strategic management of the group’s enterprises, which make up a vertically integrated chain of coal mining and enrichment, electricity generation and sales.
DTEK is committed to transforming into a more efficient, environmentally friendly and technologically advanced business, guided by ESG principles. The group plans to achieve carbon neutrality by 2040.

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Steel Freedom 2024 architectural student competition has started

Young Ukrainian architects and designers will develop a project for a secondary school with a pre-school in Lviv.
“The main idea of the competition is to create a modern educational hub using all the advantages of steel structures. We believe in the creative potential of young creators of Ukrainian architecture and expect interesting non-standard solutions from them,” commented Danylo Apanasenko, curator of Steel Freedom 2024.
The best student projects will traditionally be judged by eight jury members, including leading architects and experts of the Ukrainian construction market.
Download the competition task
This year, the organizers of the competition, the Ukrainian Steel Construction Center Association, have prepared several pleasant surprises, including an increase in the prize fund and a nomination from the world architectural firm MVRDV, whose experts will select the best project from all the semifinalists that meets the criteria of imaginative solution, social and environmental impact.
The competition is open to students of architecture and design in the 3rd-6th year of Ukrainian specialized universities. Team registration will take place from September 1 to October 1, 2024, and projects can be submitted until November 1.
Register a team
The Steel Freedom 2024 final will take place on November 30.
The prize fund of the competition is divided between the first place – UAH 50,000, the second place – UAH 40,000, and the third place – UAH 30,000.
Metinvest remains the general partner of the competition.
Official partners: Metipol, Ruukki, Tekla, SketchUp, LIRALAND, SVL, Archimatika, VODALAND, Oscar Group
With the support of media partners: Interfax-Ukraine, PRAGMATIKA.MEDIA, Build PortaL, Property Times, Prof Build, Commercial Property, Vidbudova, StroyObzor, Home and Interior, uaprom.info, Ukrmetallurgprom, Izba, A:1, die.zodchiy, Where to go if I’m an architect?

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On September 18-20, forum “Grain and Processing: Development Despite War” will be held

For more than 2 years of war, Ukraine’s agricultural sector has suffered losses of $80.1 billion (according to the World Bank), with direct losses reaching more than $10 billion. Therefore, the entire agribusiness and grain processing industry continue to work, recover and develop to restore our industries and strengthen the country as a whole.

Accordingly, the main issues today are: how to make the country’s agricultural sector profitable in the face of war; how to boost grain processing; how to build energy-efficient and energy-independent production; and opening and entering new markets. We will try to find answers to these and many other pressing questions during the discussion panels and individual presentations at the conference “Grain and Processing: Development Despite the War , which will be held on September 18-20, 2024 in Kyiv and will be dedicated to the 10th anniversary of the Union “Millers of Ukraine”.

The event is organized by the Union “Millers of Ukraine”, Trend&Hedge Club and Agro Marketing Agency. The general partners are Alviva Group and Kyivmlyn. General sponsor – Bueller Ukraine. Exclusive sponsor – SocTrade. Sponsor – OLIS.

Grain and Processing: Development Despite the War 2.0 Forum will include two days of information intensive, panel discussions with experts, practitioners and analysts of the agricultural market, unlimited communication with current and potential partners, exchange of ideas and experience.

The event will also feature an exhibition of equipment and technologies for grain handling and processing, quality determination, bakery technologies, packaging equipment and other material and technical innovations for the industry.

Main topics for discussion:

  • Global trends: the world and Ukraine
  • Current state of the Ukrainian economy and agricultural market
  • Export of grain products: challenges, opportunities, support
  • New grain products. What are the prospects for processors?
  • Trends in Agri Food and Grain Food
  • Marketing, sales, promotion: domestic and foreign markets
  • Food industry views on state support
  • Energy efficiency and independence
  • What is the profit in processing. What areas to invest in?
  • Modern technological solutions for the grain and processing industry

The event will be interesting for:

  • Companies engaged in the cultivation, storage and processing of grain and agricultural products
  • Producers of flour, bakery products, pasta, cereals, etc.
  • Suppliers of flour and cereal products, food additives and feed, packaging, raw materials, equipment and technologies
  • Retail representatives
  • Traders and logisticians
  • Government and business representatives
  • Other participants of grain, grain processing and related markets

To see how it was last time, please follow the link

Terms of participation in the conference by the link

DISCOUNTS and SPECIAL CONDITIONS:

20% – for members of the Union “Millers of Ukraine” and Trend&Hedge Club

20% – for three or more participants from one legal entity

Discounts are not cumulative!

AUDIENCE OF THE CONFERENCE PARTICIPANTS

Owners and top management of agribusiness; agricultural producers; grain traders; producers of flour, cereals, pasta, mixed fodder and other grain processing companies; representatives of elevator complexes, logistics, financial companies and retail; suppliers of inputs, equipment and technologies; government officials and other participants of the agro-industrial and related sectors.

More than 300 delegates are expected to attend theconference Grain and Processing: Development Despite the War.

Follow the updates on the conference website

For participation, advertising, and presentation, please contact the coordinators:

AGRO MARKETING AGENCY

Svyatoslav Tkachenko

+38(063)357 73 59

market@agromarketing.com.ua

TREND AND HEDGE CLUB

Kateryna Konashchuk

+38(050)394 46 03

kkonashchuk@outlook.com

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